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Loan Interviewers and Clerks

General Information

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.

Business Breakdown

People in this career work in these sectors.

  1. Private, for profit91.48%
  2. Private, not for profit4.00%
  3. Self-employed2.47%
  4. State and local government1.22%
  5. Federal government0.83%

Workplace at a Glance

What you can expect to experience while on the job

  • Responsibility
  • Exposure to job hazards
  • Physical activity
  • Decision making
  • Repetitiveness
  • Level of competition
  • Time pressure

Industry areas

  • Finance

Job Outlook

Projected Job Growth (2021 - 2031)
-3%
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Job Outlook

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Overall employment of financial clerks is projected to decline 3 percent from 2021 to 2031. Despite decliningemployment, about 130,500 openings for financial clerks are projected each year, on average, over the decade. All of those openings are expected to result from the need to replace workers who transfer to other occupations or exit the labor force, such as to retire.

Similar Careers

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Salary

Average Salary

Salary

$45,940

State-by-state Salary

Gray states indicate no data available

$57,480
$22,830
No Information for this section

Education & Interests

Most Common Education Levels

People in this career achieve this level of education.

  • High school 42%
  • Bachelor's degree 38%
  • Post-secondary certificate 12%
  • Associate's degree 6%
  • Some college 0%
  • Master's degree 0%
  • Doctoral degree 0%
  • Post baccalaureate 0%
  • Less than high school 0%
  • Post-doctoral training 0%
  • Post-master's certificate 0%
  • First professional degree 0%

Related College Majors

Select major to see colleges that offer it

PERSONALITY CHARACTERISTICS

You may find this career fulfilling if you consider yourself to be:

  • Conventional — You have an interest in following procedures and regulations to organize information or data.
  • Enterprising — You have an interest in managing, negotiating and marketing, or leading and advising others.

Not sure what characteristics best describe you? Take the RIASEC Test.

Skills at a Glance

Skills helpful in this career

  • Verbal skills
  • Critical thinking & problem solving
  • Equipment operation & maintenance
  • Math & science skills
  • Technology design & control
  • Leadership

Knowledge

  • Administrative
  • English Language
  • Customer and Personal Service
  • Law and Government
  • Mathematics

Gain insights into your knowledge by using the ASVAB Career Exploration Program

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* Military pay may be higher based on specialty pays or bonuses. Learn more about Military benefits.

Data supplied by Bureau of Labor Statistics, National Center of Education Statistics, Defense Manpower Data Center (View our update schedule). Contact any business, college or military service branch to answer additional questions.