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 profit90.11%
  2. Private, not for profit6.14%
  3. Self-employed2.47%
  4. Federal government0.89%
  5. State and local government0.11%

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

Job Outlook

Overall employment of financial clerks is projected to decline 2 percent from 2020 to 2030. Despite declining employment, about 120,900 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.

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Salary

Average Salary

Salary

$41,370

State-by-state Salary

Gray states indicate no data available

$48,530
$27,270
No Information for this section

Education

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

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Knowledge

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

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
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