Loan interviewers and clerks
SOC Code: 43-4131Also known as:
Closer, Closing Agent, Closing Coordinator, Commercial Loan Processor, Consumer Loan Processor
Median Annual Salary
$48,950
-2.3% growth (2024-2034)
13K
Openings/Year
178K
Current Jobs
What Loan interviewers and clerks Do
Interview loan applicants to elicit information; investigate applicants' backgrounds and verify references; prepare loan request papers; and forward findings, reports, and documents to appraisal department. Review loan papers to ensure completeness, and complete transactions between loan establishment, borrowers, and sellers upon approval of loan.
💰 Salary
$48,950
Median annual wage (2024)
📈 Job Growth
-2.3%
Decline
🎓 Education
High school diploma or equivalent
Typical entry-level requirement
🚀 Annual Openings
13K
Projected average per year
📚 On-the-Job Training
Short-term on-the-job training
Expected training period
Employment Projections (2024-2034)
Current Employment (2024)
177,600
Projected Employment (2034)
173,500
Related Careers
Credit analysts
$80,970 •
-4.4% growth
Credit counselors
$50,480 •
+3.3% growth
Loan officers
$74,180 •
+1.7% growth
Bill and account collectors
$46,040 •
-10.5% growth
Credit authorizers, checkers, and clerks
$49,130 •
-6.2% growth
Top Skills Required
Active Listening
Speaking
Reading Comprehension
Critical Thinking
Writing
Daily Tasks & Responsibilities
- Verify and examine information and accuracy of loan application and closing documents.
- Assemble and compile documents for loan closings, such as title abstracts, insurance forms, loan forms, and tax receipts.
- Record applications for loan and credit, loan information, and disbursements of funds, using computers.
- Submit loan applications with recommendation for underwriting approval.
- Contact customers by mail, telephone, or in person concerning acceptance or rejection of applications.
- File and maintain loan records.
- Contact credit bureaus, employers, and other sources to check applicants' credit and personal references.
- Check value of customer collateral to be held as loan security.
- Interview loan applicants to obtain personal and financial data and to assist in completing applications.
- Prepare and type loan applications, closing documents, legal documents, letters, forms, government notices, and checks, using computers.
Technology & Tools
📚 Entry-Level Education
High school diploma or equivalent
Most common requirement
🎯 Recommended Education
High School Diploma
O*NET recommended level
Degree Programs for Loan interviewers and clerks
These degree programs can prepare you for a career as a loan interviewers and clerks:
Banking and Financial Support Services
992 degrees awarded •
78 colleges offer this program
Best Colleges for Becoming a Loan interviewers and clerks
Ranked by Repit grade, then by degrees in related programs. These are the top-rated colleges that prepare students to become loan interviewers and clerks.
Want this ranking as a spreadsheet? Investor Pro+ members can export any Repit table to CSV. See plans →
Frequently Asked Questions
How much do loan interviewers and clerks make?
The median annual salary for loan interviewers and clerks is $48,950.
What education do loan interviewers and clerks need?
Most loan interviewers and clerks positions require a high school diploma or equivalent.
Common degree programs include Banking and Financial Support Services.
Is becoming loan interviewers and clerks a good career choice?
Loan interviewers and clerks is projected to see -2.3% job growth from 2024 to 2034,
which reflects some decline in the field. With approximately 13,300 job openings expected annually,
there are good opportunities for those entering the field.
What are the best colleges for loan interviewers and clerks?
Top colleges for aspiring loan interviewers and clerks include
Texas A & M University-College Station, Texas Tech University, Eastern Kentucky University, The University of Texas at Arlington, University of Nebraska at Omaha.
These schools are ranked based on their Repit grade and the number of graduates in related programs.
What other job titles are similar to loan interviewers and clerks?
Loan interviewers and clerks may also be known as: Closer, Closing Agent, Closing Coordinator, Commercial Loan Processor, Consumer Loan Processor, Credit Clerk, Disbursement Clerk, Document Coordinator, Document Processor, Financial Specialist, Investigator, Licensed Loan Officer Assistant, Loan Analyst, Loan Assistant, Loan Clerk, Loan Close and Funder, Loan Closer, Loan Documentation Specialist, Loan Expeditor, Loan Inspector.
These titles often refer to similar roles with varying responsibilities or specializations.