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.
Loan Interviewers and Clerks
SOC: 43-4131 O*NET: 43-4131.00
Median Salary
$48,950
per year
Job Growth
📉 -2.3%
Slower (2024-2034)
Annual Openings
13.3
projected jobs/year
Education Level
Vocational school, on-the-job training, or associate degree
Job Zone 3
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.
What does a Loan Interviewers and Clerks do?
How much can you earn?
Entry Level
$36,360
10th percentile
Early Career
$42,720
25th percentile
Median
$48,950
50th percentile
Experienced
$59,520
75th percentile
Top Earners
$65,910
90th percentile
National Salary Distribution
10th
$36,360
25th
$42,720
Middle 50%
MEDIAN
$48,950
Mean: $51,050
75th
$59,520
90th
$65,910
Middle 50% of earners
Median salary
Mean (average)
Key Insights
- •Salary range spans $29,550 from entry level to top earners
- •Middle 50% earn between $42,720 and $59,520
- •Salary spread is 34.3% around the median, showing moderate variation
- •Total national employment: 173,100 professionals
What's the job outlook?
Job Market Intelligence
Low Demand
Market demand
Medium Risk
Automation risk
Current Employment
National Employment:177,600
Top Industries
Finance and Insurance84.4%
Credit Intermediation and Related Activities79.7%
Credit Intermediation and Related Activities (5221 and 5223 only)49.3%
10-Year Outlook
Growth Rate:-2.3%
Annual Openings:13,300
Employment Projections
2024 (Current)177,600
Current
2034 (Projected)173,500
-2.3%
-4,100
Employment Change
-2.3%
Growth Rate
10
Year Projection
Growth Category: Decline
Geographic Salary & Employment Data
Explore where Loan Interviewers and Clerks professionals work across the United States
Showing 15 of 50 locations
Texas
20,940 jobs$49,1801.35x
California
14,060 jobs$57,7900.69x
Florida
11,380 jobs$50,9201.03x
Michigan
8,160 jobs$48,3801.66x
Ohio
6,480 jobs$49,3701.04x
Illinois
6,250 jobs$50,3300.92x
Arizona
5,340 jobs$48,9101.49x
Virginia
5,050 jobs$50,9101.11x
Wisconsin
4,900 jobs$48,0201.49x
Pennsylvania
4,700 jobs$46,0500.70x
Missouri
4,670 jobs$47,5601.42x
New York
4,650 jobs$56,3000.43x
North Carolina
4,580 jobs$50,1000.83x
Indiana
4,170 jobs$46,7901.17x
Georgia
4,130 jobs$45,9500.76x
Understanding the Data
Location Quotient (LQ):
- • LQ > 1.0: More jobs than national average
- • LQ = 1.0: Same as national average
- • LQ < 1.0: Fewer jobs than national average
Data Source:
Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS), May 2024
Key Growth Factors
- •Employment decline projected
What skills do you need?
Top 10 Most Important Skills
#1
Active Listening
100%
#2
Speaking
94%
#3
Reading Comprehension
86%
#4
Critical Thinking
80%
#5
Writing
74%
#6
Complex Problem Solving
66%
#7
Active Learning
60%
#8
Social Perceptiveness
54%
#9
Judgment and Decision Making
46%
#10
Time Management
40%
Skills Overview
Active Listening
advanced5.0
100%
Speaking
advanced4.7
94%
Reading Comprehension
basic4.3
86%
Critical Thinking
intermediate4.0
80%
Writing
intermediate3.7
74%
Complex Problem Solving
advanced3.3
66%
Active Learning
intermediate3.0
60%
Social Perceptiveness
basic2.7
54%
Skills are rated on a scale of 0-5, with 5 being the most important. The complexity level indicates how advanced the skill typically needs to be.
Filter:
Sort by:
Active Listening
advancedImportance100%
skills
5.0/5.0
Speaking
advancedImportance94%
skills
4.7/5.0
Reading Comprehension
basicImportance86%
abilities
4.3/5.0
Critical Thinking
intermediateImportance80%
abilities
4.0/5.0
Writing
intermediateImportance74%
skills
3.7/5.0
Complex Problem Solving
advancedImportance66%
abilities
3.3/5.0
Active Learning
intermediateImportance60%
abilities
3.0/5.0
Social Perceptiveness
basicImportance54%
skills
2.7/5.0
Judgment and Decision Making
basicImportance46%
abilities
2.3/5.0
Time Management
basicImportance40%
skills
2.0/5.0
Highly Transferable Skills
These skills are valuable across multiple career paths, making career transitions easier:
Broadcast Announcers and Radio Disc Jockeys100%
5 shared skills
Judicial Law Clerks100%
5 shared skills
Appraisers of Personal and Business Property90%
5 shared skills
Administrative Law Judges, Adjudicators, and Hearing Officers82%
5 shared skills
Advertising and Promotions Managers82%
5 shared skills
Urologists82%
5 shared skills
Skills by Career Stage
Entry Level
Must Have:
- ✓Active Listening
- ✓Speaking
Learn on the Job:
- →Social Perceptiveness
- →Complex Problem Solving
- →Active Learning
Mid Career
Expected:
- ✓Active Listening
- ✓Speaking
- ✓Reading Comprehension
- ✓Critical Thinking
Senior Level
Mastery Required:
- ★Active Listening
- ★Speaking
- ★Reading Comprehension
- ★Critical Thinking
- ★Writing
Skill Development Tips
- •Focus on developing the top 5 skills first - they have the highest impact on career success
- •Transferable skills open doors to related careers and provide flexibility
- •Balance technical skills with soft skills for well-rounded professional development
- •Entry-level positions prioritize foundational skills that can be built upon over time
What technology will you use?
Technology & Digital Skills
Essential technology proficiencies for Loan Interviewers and Clerks
Technology Intensity
High
Digital Literacy Requirements
This career requires advanced digital literacy
1
Basic
2
Intermediate
3
Advanced
4
Expert
Key Digital Competencies:
Proficiency with specialized softwareTechnical documentationData analysis toolsSystem integration
🔥
Hot Technologies in Demand
These technologies are currently trending and highly sought after in this field
Microsoft Dynamics
🔥 Hot TechMicrosoft Access
🔥 Hot TechMicrosoft Outlook
🔥 Hot TechMicrosoft Office software
🔥 Hot TechMicrosoft Windows
🔥 Hot TechMicrosoft PowerPoint
🔥 Hot TechMicrosoft Excel
🔥 Hot TechMicrosoft Word
🔥 Hot TechTechnology Stack
Technology Stack Overview
Key technologies used in this career
Microsoft Dynamics
Microsoft Access
Microsoft Outlook
Microsoft Office software
Microsoft Windows
Microsoft PowerPoint
Microsoft Excel
Microsoft Word
📚 Technology Learning Resources
Recommended Certifications
- •Vendor-specific software certifications
- •Industry-recognized technology credentials
- •Professional development courses
Online Learning Platforms
- •LinkedIn Learning - Comprehensive technology courses
- •Coursera - University-level programs
- •Udemy - Practical skills training
💡 Technology Skill Development Tips
- •Focus on mastering hot technologies first - they're currently most in-demand
- •Build a portfolio demonstrating your proficiency with key tools and software
- •Stay current through continuous learning - technology evolves rapidly
- •Consider vendor certifications to validate your skills to employers
What's the work environment like?
🏢
Location
MOSTLY INDOOR
💪
Physical Demand
HIGH
👥
Team Orientation
MOSTLY TEAM
🤝
Customer Interaction
CONSTANT
💡Is This Work Environment Right for You?
Consider these factors when evaluating if you'll thrive in this work environment:
- •Are you comfortable working in mostly indoor environments?
- •Can you meet high physical demands?
- •Do you enjoy mostly team team environments?
- •Are you comfortable working with safety protocols and protective equipment?
What are the key tasks?
Tasks & Responsibilities
18
Core Tasks
8
Daily Tasks
20
Work Activities
0
Emerging Tasks
Filter:
Sort by:
General Responsibilities (15)Documentation & Record-Keeping (3)
1
Verify and examine information and accuracy of loan application and closing documents.
🔴Daily
Importance:
General Responsibilities100% perform100%
2
Interview loan applicants to obtain personal and financial data and to assist in completing applications.
🔴Daily
Importance:
General Responsibilities97% perform98%
3
Assemble and compile documents for loan closings, such as title abstracts, insurance forms, loan forms, and tax receipts.
🔴Daily
Importance:
General Responsibilities94% perform96%
4
Answer questions and advise customers regarding loans and transactions.
🔴Daily
Importance:
General Responsibilities91% perform94%
5
Contact customers by mail, telephone, or in person concerning acceptance or rejection of applications.
🔴Daily
Importance:
General Responsibilities88% perform92%
6
Record applications for loan and credit, loan information, and disbursements of funds, using computers.
🔴Daily
Importance:
Documentation & Record-Keeping85% perform90%
7
Prepare and type loan applications, closing documents, legal documents, letters, forms, government notices, and checks, using computers.
🔴Daily
Importance:
Documentation & Record-Keeping82% perform88%
8
Present loan and repayment schedules to customers.
🔴Daily
Importance:
General Responsibilities79% perform86%
9
Calculate, review, and correct errors on interest, principal, payment, and closing costs, using computers or calculators.
🟡Weekly
Importance:
General Responsibilities76% perform84%
10
Check value of customer collateral to be held as loan security.
🟡Weekly
Importance:
General Responsibilities73% perform82%
💡 Key Takeaways
- •Daily tasks focus primarily on general responsibilities activities
- •39% of tasks are performed by most workers in this occupation
- •Career advancement brings increased leadership and strategic responsibilities
What career paths are available?
Career Pathways
0
Advancement Opportunities
0
Lateral Move Options
0%
Avg. Salary Increase
Advancement Opportunities
Typical career progression paths from Loan Interviewers and Clerks
💡 Career Planning Tips
- •Most successful advancement happens after 3-5 years of experience
- •Lateral moves can provide valuable cross-functional experience for future leadership roles
- •Focus on developing skills that are transferable across multiple career paths
- •Consider industry trends when planning long-term career moves
Is this career right for you?
Personality & Values Fit
Is This Career Right for You?
Loan Interviewers and Clerks professionals typically have a CES Holland code and highly value relationships
CConventional
EEnterprising
SSocial
Important Personality Traits
Work styles that contribute to success as a Loan Interviewers and Clerks
Attention to Detail
CriticalAttention to Detail
Importance Level4.63
Integrity
CriticalIntegrity
Importance Level4.61
Dependability
Very ImportantDependability
Importance Level4.42
Cooperation
Very ImportantCooperation
Importance Level4.22
Initiative
Very ImportantInitiative
Importance Level4.17
Self-Control
Very ImportantSelf-Control
Importance Level4.15
Complete Work Styles Profile
Attention to Detail
4.6
Integrity
4.6
Dependability
4.4
Cooperation
4.2
Initiative
4.2
Self-Control
4.2
Stress Tolerance
4.0
Persistence
4.0
Independence
4.0
Adaptability/Flexibility
3.9
💡 Tips for Career Fit Success
- •While personality fit is important, skills can be developed with practice and training
- •Consider informational interviews to better understand the day-to-day personality requirements
- •Work environments vary by employer - research specific companies for cultural fit
- •Your interests and values may evolve - reassess periodically throughout your career
What education is required?
Education Level
Vocational school, on-the-job training, or associate degree
Typical duration: Varies
Preparation Level
Job Zone 3
Medium Preparation Needed
Experience Needed
Previous work-related skill, knowledge, or experience required
📚 Education Requirement
Required Level:Vocational school, on-the-job training, or associate degree
Most occupations in this zone require training in vocational schools, related on-the-job experience, or an associate's degree.
Training:
Training of more than one year
💼 Experience Requirement
Previous work-related skill, knowledge, or experience required
Common pathways to gain experience:
- • Associate degree programs
- • Apprenticeships (1-2 years)
- • Vocational training with related experience
3
Job Zone Three: Medium Preparation Needed
Most occupations in this zone require training in vocational schools, related on-the-job experience, or an associate's degree.
Associate degree programsApprenticeships (1-2 years)Vocational training with related experience
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