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Loan Interviewers & Clerks

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

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.
  • 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.

Knowledge

Business
  • customer service
  • administrative services
Arts and Humanities
  • English language
Engineering and Technology
  • computers and electronics
Safety and Government
  • law and government

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
  • changing what is done based on other people's actions

Abilities

Verbal
  • listen and understand what people say
  • read and understand what is written
Ideas and Logic
  • notice when problems happen
  • order or arrange things
Math
  • choose the right type of math to solve a problem
  • add, subtract, multiply, or divide
Attention
  • pay attention to something without being distracted

Personality

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

Technology

You might use software like this on the job:

Financial analysis software
  • Credit reporting software
  • Lending software systems
Spreadsheet software
  • Microsoft Excel Hot Technology
  • Rockport Integrated Excel Underwriting
Electronic mail software
  • Microsoft Outlook Hot Technology

Education

Education: (rated 3 of 5)
high school diploma/GED or
bachelor's degree
usually needed

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Job Outlook

Average Outlook
New job opportunities are likely in the future.
Salary
$38,630
$24,710
$58,630
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See more details at O*NET OnLine about loan interviewers and clerks.