Loan Interviewers and Clerks

Course Advisor; United States; On-site; USD 25,600 - 59,710; Full time

Job summary

Course Advisor is seeking a Loan Interviewer or Clerk to interview loan applicants and conduct mortgage closings. You will be responsible for verifying applicants' backgrounds, preparing loan documents, and advising customers on loans. Essential skills include active listening, critical thinking, and problem solving. With a growing job outlook, this role offers competitive annual salaries ranging between $25,600 and $59,710, especially for those in high-paying states like Colorado. Join Course Advisor to make a difference in the financial industry.

Responsibilities

• Schedule and conduct closings of mortgage transactions.
• Answer questions and advise customers regarding loans and transactions.
• Check value of customer collateral to be held as loan security.
• Calculate, review, and correct errors on interest, principal, payment, and closing costs, using computers or calculators.
• File and maintain loan records.
• Assemble and compile documents for loan closings.

Skills

Active Listening

Speaking

Reading Comprehension

Critical Thinking

Writing

Complex Problem Solving

Job description

Loan Interviewer or Clerk

Job Description: Interview loan applicants to elicit information; investigate applicants’ backgrounds and verify references; prepare loan request papers; 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 Interviewer or Clerk Responsibilities

• Schedule and conduct closings of mortgage transactions.
• Answer questions and advise customers regarding loans and transactions.
• Check value of customer collateral to be held as loan security.
• Calculate, review, and correct errors on interest, principal, payment, and closing costs, using computers or calculators.
• File and maintain loan records.
• Assemble and compile documents for loan closings, such as title abstracts, insurance forms, loan forms, and tax receipts.

Required Skills

• Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
• Speaking: Talking to others to convey information effectively.
• Reading Comprehension: Understanding written sentences and paragraphs in work‑related documents.
• Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
• Writing: Communicating effectively in writing as appropriate for the needs of the audience.
• Complex Problem Solving: Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.

Types of Loan Interviewer or Clerk

• Disbursement Clerk
• Loan Inspector
• Credit Clerk
• Loan Documentation Specialist
• Loan Closer

Job Outlook

In the United States, there were 229,800 jobs for Loan Interviewers or Clerks in 2016. New jobs are being produced at a rate of 12.4% which is above the national average. The Bureau of Labor Statistics predicts 28,400 new jobs for Loan Interviewers or Clerks by 2026. The BLS estimates 25,700 yearly job openings in this field.

Salary

The salary for Loan Interviewers and Clerks ranges between about $25,600 and $59,710 per year.

Loan Interviewers and Clerks who work in District of Columbia, Connecticut, or Colorado make the highest salaries.