Career & Workforce Preparation
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Loan Interviewers and Clerks
Description
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.
Common Tasks
- 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.
Required Education
High school diploma or equivalent
Wages
In 2016 the mean hourly wage in the Greater Sacramento area was $19.21 . The hourly rate for this occupation typically paid between $9.46 and $28.14 .
In 2016 the mean annual salary in the Greater Sacramento area was $39,941.33 . The annual salary for this occupation typically paid between $19,679.00 and $58,525.35 .
Occupation Outlook
This occupation employed 910 people in the Greater Sacramento area during 2014.
By 2024, there is expected to be an increase of 20.9% in the number of jobs in the Greater Sacramento area for this occupation, bringing to total number to 1,100.
By 2024, in the Greater Sacramento area, the median hourly rate for this occupation is expected to be $18.00 with the median annual salary reaching $38,908.
