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Loan Interviewers and Clerks

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Careers / Loan Interviewers and Clerks

Job Description


	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.

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Job Requirements


	Experience: Previous work-related skill, knowledge, or experience is required for these occupations. For example, an electrician must have completed three or four years of apprenticeship or several years of vocational training, and often must have passed a licensing exam, in order to perform the job.

	Education: Most occupations in this zone require training in vocational schools, related on-the-job experience, or an associate's degree. Some may require a bachelor's degree.

	Training: Employees in these occupations usually need one or two years of training involving both on-the-job experience and informal training with experienced workers.

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Top Ten Industries

U.S. National Figures.

Loan Interviewers and Clerks
Depository Credit Intermediation	74,280
Nondepository Credit Intermediation	61,800
Activities Related to Credit Intermediation	20,370
Management of Companies and Enterprises	8,680
Legal Services	4,280
Insurance Carriers	4,030
Employment Services	2,010
Other Financial Investment Activities	1,540
Offices of Real Estate Agents and Brokers	1,200
Automobile Dealers	1,000

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Salaries

U.S. National Averages.

Loan Interviewers and Clerks
Average Annual Salary	$35,810
Average Hourly Wage	$17.21
Total Employment	186,240

Employment by Gender

U.S. National Average.

	Women

	Men

Related Majors & Degrees

Finance and Financial Management Services
	Banking and Financial Support Services

Interesting Fact

British translations of American professions: lorry driver = truck driver; joiner = carpenter; sparky = electrician; lift repairman = elevator repairman.

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