What Loan Interviewers and Clerks do
The U.S. Department of Labor's O*NET database describes the work of Loan Interviewers and Clerks this way: "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."
The core tasks O*NET records for this occupation include: "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"; "Answer questions and advise customers regarding loans and transactions"; "Contact customers by mail, telephone, or in person concerning acceptance or rejection of applications".
Education, experience and training
According to the BLS Employment Projections, the typical education needed to enter this occupation is high school diploma or equivalent. Typical on-the-job training to reach competency is short-term on-the-job training.
Job outlook for Loan Interviewers and Clerks
The Bureau of Labor Statistics counted 169,100 jobs in this occupation in 2025 and projects 165,000 in 2035, a decrease of 4,100 jobs (-2.4%). That is slower than the 3.5% projected for all occupations.
About 10,500 openings a year are projected on average, counting both new positions and positions vacated by workers who retire or switch occupations. Relative to today's employment that is 6.2% a year, against 10.3% for all occupations. BLS lists a national median annual wage of $50,020, compared with $50,980 for all occupations.
Where Loan Interviewers and Clerks earn the most
Published data currently covers Texas, where the employment-weighted average of local median wages is $49,793. More states are added as pages are published.
Occupations related to Loan Interviewers and Clerks
Other occupations in the same SOC minor group (43-4000) include Brokerage Clerks, Eligibility Interviewers, Government Programs, Human Resources Assistants, Except Payroll and Timekeeping and Court, Municipal, and License Clerks.
Frequently asked questions about Loan Interviewers and Clerks
How much do Loan Interviewers and Clerks earn in the United States?
BLS lists a national median annual wage of $50,020.
Is Loan Interviewers and Clerks a growing occupation?
BLS projects employment to shrink by 2.4% between 2025 and 2035, compared with 3.5% for all occupations, with about 10,500 openings a year.
What education do Loan Interviewers and Clerks need?
The typical entry-level education is high school diploma or equivalent and short-term on-the-job training, according to BLS.