Loan Interviewers and Clerks

Job Zone 3 - Medium preparation needed

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.

Pay & job outlook

Median pay: $50,020/yr (U.S. national, May 2025)

$37,330$69,770

Typical range nationwide (10th–90th percentile). This is a population snapshot, not a personal prediction - actual pay varies by location, employer, and experience.

Job outlook: -2.3% projected growth, 2024–2034 — declining.

About 13,300 openings per year, on average, over the decade.

Typical entry-level education: High school diploma or equivalent.

Source: U.S. Bureau of Labor Statistics, OEWS and Employment Projections.

Top skills

Active ListeningSpeakingReading ComprehensionCritical ThinkingWritingComplex Problem SolvingJudgment and Decision MakingSocial PerceptivenessActive LearningTime Management

Top knowledge areas

Customer and Personal ServiceEnglish LanguageAdministrativeComputers and ElectronicsLaw and GovernmentMathematicsAdministration and ManagementEducation and Training

Core tasks

• 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.

Frequently asked questions

What's the median pay for Loan Interviewers and Clerks?

The median pay for Loan Interviewers and Clerks is $50,020 per year, per the U.S. Bureau of Labor Statistics.

What's the job outlook for Loan Interviewers and Clerks?

Employment for Loan Interviewers and Clerks is projected to change -2.3% from 2024 to 2034 - declining.

What education is typically required for Loan Interviewers and Clerks?

Typical entry-level education: High school diploma or equivalent.

How many job openings are there each year for Loan Interviewers and Clerks?

About 13,300 openings per year, on average, over the decade.