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Loan Interviewers and Clerks
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.
Other titles employers use
Closer · Licensed Loan Officer Assistant · Loan Analyst · Loan Clerk · Loan Closer · Loan Originator · Loan Processor · Mortgage Broker
Inside the work
What you would actually do.
6 responsibilities that define the role, before job titles and workplaces change the details.
- 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.
Who it suits
Would this work hold your attention?
This career often appeals to people drawn to organizing, persuading and helping work.
- Organizing
- Creating order, checking details, and keeping work accurate
- Persuading
- Leading, selling, starting projects, or making a case
Skills and strengths
What you would get good at.
Compare the skills the work relies on, the subjects behind it, and the abilities that make it easier to learn.
Core skills
- Active Listening
- Speaking
- Reading Comprehension
- Critical Thinking
- Writing
- Complex Problem Solving
Subjects to know
- Customer and Personal Service
- English Language
- Administrative
- Computers and Electronics
- Law and Government
Useful strengths
- Oral Comprehension
- Written Comprehension
- Oral Expression
- Speech Recognition
- Speech Clarity
Working day
Picture yourself doing it.
These measures show how much of the day involves people, movement, conversation, and hands-on work.
| Measure | Out of 5 | What that means here |
|---|---|---|
| Close to other people | 2.8 | Largely your own space |
| On your feet | 2.0 | Mostly seated |
| Talking face to face | 4.6 | Continuous — the job is conversations |
| Working with your hands | 2.9 | Little of the day |
Preparation
How people prepare for this work.
Employers usually ask for a high school diploma. Other routes may also lead into the field.
- High school or less 43%
- A four-year degree 38%
- A certificate or some college 12%
- A two-year degree 7%
Tools of the work
Technology you may use.
- Spreadsheet software
- Data base user interface and query software
- Office suite software
- Electronic mail software
- Presentation software
- Operating system software
- Word processing software
- Financial analysis software
Opportunity near you
See where this work is growing.
Choose a state to compare the size of the field, annual openings, and expected hiring change.
- People doing this work
- 27,820
- Job openings each year
- 2,470
- Expected hiring change, 2022–2032
- 12.2%
Compare every available state
| State | People doing it | Job openings each year | Expected change |
|---|---|---|---|
| Texas | 27,820 | 2,470 | 12.2% |
| Florida | 18,390 | 1,500 | −1.0% |
| California | 17,500 | 1,420 | −1.7% |
| Arizona | 10,630 | 930 | 9.1% |
| Michigan | 9,980 | 820 | — |
| North Carolina | 8,300 | 700 | 3.2% |
| New York | 7,520 | 30 | 3.6% |
| Ohio | 7,460 | 610 | — |
| Virginia | 7,270 | 590 | −2.9% |
| Pennsylvania | 7,040 | 570 | −2.1% |
| Illinois | 6,780 | 530 | −5.8% |
| Georgia | 6,290 | 530 | 4.1% |
| New Jersey | 6,230 | 500 | −2.8% |
| Colorado | 5,930 | 490 | 1.5% |
| Wisconsin | 5,740 | 460 | −4.2% |
| Missouri | 5,290 | 440 | 1.0% |
| Minnesota | 4,530 | 360 | −3.2% |
| Indiana | 4,490 | 360 | −3.4% |
| Tennessee | 4,200 | 340 | −2.1% |
| Oklahoma | 4,180 | 350 | 2.5% |
| South Carolina | 3,900 | 350 | 11.4% |
| Iowa | 3,770 | 320 | 2.7% |
| Utah | 3,700 | 310 | 4.2% |
| Kentucky | 3,650 | 300 | −1.1% |
| Washington | 3,500 | 250 | −5.1% |
| Oregon | 3,260 | 270 | −1.5% |
| Kansas | 3,100 | 250 | −4.0% |
| Alabama | 2,860 | 240 | 1.1% |
| Arkansas | 2,570 | 210 | 1.6% |
| Mississippi | 2,540 | 220 | 11.9% |
| Maryland | 2,120 | 170 | −4.1% |
| Louisiana | 2,080 | 160 | −9.6% |
| South Dakota | 1,950 | 160 | 1.6% |
| Nevada | 1,630 | 140 | — |
| Puerto Rico | 1,610 | 140 | 5.9% |
| Nebraska | 1,550 | 130 | 2.6% |
| Connecticut | 1,450 | 110 | −6.5% |
| Rhode Island | 1,150 | 90 | −2.5% |
| Maine | 1,130 | 90 | — |
| Massachusetts | 1,120 | 90 | −3.4% |
| New Mexico | 1,090 | 90 | 4.8% |
| Montana | 1,070 | 90 | 3.9% |
| New Hampshire | 1,020 | 90 | 6.3% |
| North Dakota | 870 | 70 | 7.4% |
| Idaho | 860 | 70 | 6.2% |
| Delaware | 850 | 70 | −6.6% |
| West Virginia | 810 | 70 | 14.1% |
| Wyoming | 600 | 50 | 9.1% |
| Alaska | 390 | 30 | −2.5% |
| Vermont | 320 | 20 | −11.1% |
| District of Columbia | 120 | 10 | −7.7% |
| Guam | 60 | 10 | — |
| Virgin Islands | 20 | 0 | — |
Career to college
Build a path toward this work.
Start with a related major, then compare colleges where students complete that field.
Where to study
Colleges with strong activity in these fields.
Start with program size, admission, and likely cost. Open a college for the full picture.
CUNY Bernard M Baruch College
- Degrees each year
- 891
- Admit rate
- 50%
- Annual cost after aid
- $6,000
Program entryApply after enrollment
Open college OHOhio State University-Main Campus
- Degrees each year
- 817
- Admit rate
- 51%
- Annual cost after aid
- $10,000
Program entryOpen major
Open college FLFlorida State University
- Degrees each year
- 703
- Admit rate
- 25%
- Annual cost after aid
- $10,000
Program entryApply after enrollment
Open college SCUniversity of South Carolina-Columbia
- Degrees each year
- 597
- Admit rate
- 61%
- Annual cost after aid
- $20,000
Program entryOpen major
Open college PAPennsylvania State University-Main Campus
- Degrees each year
- 577
- Admit rate
- 54%
- Annual cost after aid
- $26,000
Program entryDirect to major
Open college FLFlorida International University
- Degrees each year
- 573
- Admit rate
- 59%
- Annual cost after aid
- $11,000
Program entryOpen major
Open college ALThe University of Alabama
- Degrees each year
- 572
- Admit rate
- 76%
- Annual cost after aid
- $22,000
Program entryOpen major
Open college GAUniversity of Georgia
- Degrees each year
- 545
- Admit rate
- 37%
- Annual cost after aid
- $13,000
Program entryApply after enrollment
Open collegeCompare every college offering finance and financial management services