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Business & Finance

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.

Median salary (BLS)

$50,020

10th–90th percentile (BLS)

$37k – $70k

Job outlook

No separate BLS projection for this specific role

AI exposure

Early-career check: graduates of the matching programs below typically earn $112,000 ten years after starting college — an early-career figure, vs. the all-experience BLS median above. Source: U.S. Dept. of Education College Scorecard.

Plan a path to Loan Interviewers and Clerks

Qualification costsStack incomeBest cities/statesSchool ROIJob-posting fitTailored resume

Education

Typical entry: Associate degree

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How to qualify

Estimate

Cost to qualify

$8,500–$25,000

Time to qualify

2.5 yr

Renewal

—

  1. 1

    Associate degree (community college)

    Degree

    Two years at in-district rates — average published tuition & fees ≈ $4,050/yr, plus ~$1,200/yr books & supplies.

    $8,000–$22,000 · 2 years source

  2. 2

    Industry certification (optional for many roles)

    Certification

    Role-dependent — e.g. CPA, Series 7/65, PMP, SHRM. Not always required, but often expected for advancement.

    $500–$3,000 · 6 months source

Estimated typical U.S. route for "Loan Interviewers and Clerks" — built from BLS education requirements and College Board 2024–25 average published prices (public, in-state tuition + fees + books). Not yet verified against a specific state's licensing rules — confirm with your state licensing board or program.

Typical progression

  1. Junior Loan Interviewers and Clerks

    Entry / Junior

    $37,330

    ~2 yrs to advance

  2. Loan Interviewers and Clerks

    Established

    $50,020

    ~3 yrs to advance

  3. Senior Loan Interviewers and Clerks

    Senior

    $59,895

Key skills

A typical day

  • •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.

Fields of study

Any field

Top colleges for Business & Finance

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Reputation-based selection; stats shown are outcome data per school.