Searching

Career Exploration

Loan Interviewers and Clerks

Also called: Licensed Loan Officer Assistant, Loan Analyst, Loan Processor, Mortgage Loan Processor

What they do:

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.

On the job, you would:
  • 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.
On the job, you'll need:

Business

  • customer service
  • administrative services

Arts and Humanities

  • English language

Engineering and Technology

  • computers and electronics

Safety and Government

  • law and government

Basic Skills

  • listening to others, not interrupting, and asking good questions
  • talking to others

Problem Solving

  • noticing a problem and figuring out the best way to solve it

Social

  • understanding people's reactions
  • changing what is done based on other people's actions

Verbal

  • listen and understand what people say
  • read and understand what is written

Ideas and Logic

  • notice when problems happen
  • order or arrange things

Math

  • choose the right type of math to solve a problem
  • add, subtract, multiply, or divide

Attention

  • pay attention to something without being distracted

Conventional

People interested in this work like activities that include data, detail, and regular routines.

  • Attention to Detail
  • Integrity
  • Dependability
  • Cooperation
  • Initiative
  • Self Control

Spreadsheet software

  • Microsoft Excel
  • Rockport Integrated Excel Underwriting

Presentation software

  • Microsoft PowerPoint

Financial analysis software

  • Fannie Mae Desktop Underwriter
  • Software AG Underwriting Solution

Video courtesy of CareerOneStop.

Job Outlook

The job outlook for this position is Below Average.

New job opportunities are less likely in the future.

Median Annual Salary: $46,490

Education

High school diploma/GED or bachelor's degree is usually needed.