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Loan Interviewers & Clerks

Also called: Loan Processor, Loan Officer, Mortgage Loan Processor, Loan Analyst

What they 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.
On the job, you would:
  • Verify and examine information and accuracy of loan application and closing documents.
  • Interview loan applicants to obtain personal and financial data and to assist in completing applications.
  • Assemble and compile documents for loan closings, such as title abstracts, insurance forms, loan forms, and tax receipts.

Knowledge

Business
  • customer service
  • administrative services
Arts and Humanities
  • English language
Math and Science
  • arithmetic, algebra, geometry, calculus, or statistics

Skills

Basic Skills
  • listening to others, not interrupting, and asking good questions
  • talking to others
Problem Solving
  • noticing a problem and figuring out the best way to solve it
Social
  • understanding people's reactions
  • looking for ways to help people

Abilities

Verbal
  • listen and understand what people say
  • read and understand what is written
Ideas and Logic
  • notice when problems happen
  • use rules to solve problems
Math
  • choose the right type of math to solve a problem
  • add, subtract, multiply, or divide
Visual Understanding
  • quickly know what you are looking at

Personality

People interested in this work like activities that include data, detail, and regular routines.
They do well at jobs that need:
  • Dependability
  • Attention to Detail
  • Integrity
  • Cooperation
  • Initiative
  • Self Control

Technology

Examples of the technology used in this career will be available soon.

Education

Education: (rated 3 of 5)
associate's degree or
some college
usually needed

Get started on your career:

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Job Outlook

Average Outlook
New job opportunities are likely in the future.
Salary
$35,310
per year, on average
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See more details at O*NET OnLine about loan interviewers and clerks.