Occupations/43-4131.00
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.
Usually a certificate, vocational program, or associate degree — not a bachelor’s.
AI automation risk
77%
Higher automation risk
Human characteristics
57%
Balanced human and task mix
Task orientation
78%
Higher automation risk
A day in this job
- Mostly routine
Assemble and compile documents for loan closings, such as title abstracts, insurance forms, loan forms, and tax receipts.
- Mostly routine
File and maintain loan records.
- Mostly routine
Record applications for loan and credit, loan information, and disbursements of funds, using computers.
The tasks we can read here lean routine. That sits next to the AI risk rank — it is not a forecast that the job disappears.
Core tasks
- 01Verify and examine information and accuracy of loan application and closing documents.
- 02Assemble and compile documents for loan closings, such as title abstracts, insurance forms, loan forms, and tax receipts.
- 03Record applications for loan and credit, loan information, and disbursements of funds, using computers.
- 04Submit loan applications with recommendation for underwriting approval.
- 05Contact customers by mail, telephone, or in person concerning acceptance or rejection of applications.
- 06File and maintain loan records.
Model drivers (O*NET 1–5)
- Repeating same tasks4.31
- Degree of automation2.96
- Time sitting4.69
- Originality (ability)2.62
- Conflict situations3.63
- Hands-on objects/tools2.85
- Outdoors / weather1.05
- Disease exposure1.66
- Decision freedom4.42
Top abilities
- Written Comprehension4.12
- Oral Comprehension4.12
- Speech Recognition4.00
- Speech Clarity4.00
- Oral Expression4.00
- Problem Sensitivity3.75
- Near Vision3.75
- Information Ordering3.75
Essential skills
- Reading Comprehension3.88
- Active Listening4.12
- Writing3.62
- Speaking4.00
- Mathematics3.12
- Science1.12
- Critical Thinking3.75
- Active Learning3.38
- Learning Strategies2.62
- Monitoring3.00
CIP matches
Schools offering related programs
12 of 67 shown
Earnings are College Scorecard medians for that program, 1 and 2 years after completion. A dash means the Department suppressed the cell or the campus is not in the field file.
| Institution | Program | Tuition | Admit | Grad 6-yr | Earnings |
|---|---|---|---|---|---|
Massachusetts Institute of Technology Cambridge, MA · Private nonprofit | Banking and Financial Support Services 52.0803 | $60,100 | 4% | 96% | 1 yr $101,964 2 yr $88,198 Master's · CIP 52.08 |
Georgetown University Washington, DC · Private nonprofit | Banking and Financial Support Services 52.0803 | $65,400 | 12% | 95% | 1 yr $92,505 2 yr $85,538 Bachelor's · CIP 52.08 |
Boston University Boston, MA · Private nonprofit | Banking and Financial Support Services 52.0803 | $65,200 | 14% | 89% | 1 yr $91,744 2 yr $84,653 Master's · CIP 52.08 |
New York University New York, NY · Private nonprofit | Banking and Financial Support Services 52.0803 | $60,400 | 12% | 88% | 1 yr — 2 yr $84,653 Bachelor's · CIP 52.08 |
Northeastern University Boston, MA · Private nonprofit | Banking and Financial Support Services 52.0803 | $63,200 | 7% | 91% | 1 yr $75,413 2 yr $75,518 Bachelor's · CIP 52.08 |
Howard University Washington, DC · Private nonprofit | Banking and Financial Support Services 52.0803 | $33,200 | 53% | 65% | 1 yr $73,852 2 yr $72,214 Bachelor's · CIP 52.08 |
University of Southern California Los Angeles, CA · Private nonprofit | Banking and Financial Support Services 52.0803 | $68,200 | 12% | 92% | 1 yr $72,671 2 yr $74,576 Master's · CIP 52.08 |
The University of Texas at Austin Austin, TX · Public | Banking and Financial Support Services 52.0803 | $11,700 | 31% | 88% | 1 yr $72,588 2 yr $70,680 Bachelor's · CIP 52.08 |
University of Illinois Urbana-Champaign Champaign, IL · Public | Banking and Financial Support Services 52.0803 | $17,500 | 45% | 85% | 1 yr $71,619 2 yr $71,935 Bachelor's · CIP 52.08 |
University of Washington-Seattle Campus Seattle, WA · Public | Banking and Financial Support Services 52.0803 | $12,600 | 48% | 84% | 1 yr $64,672 2 yr $63,898 Bachelor's · CIP 52.08 |
Pennsylvania State University-Main Campus University Park, PA · Public | Banking and Financial Support Services 52.0803 | $19,600 | 55% | 86% | 1 yr $63,972 2 yr $65,013 Bachelor's · CIP 52.08 |
University of Wisconsin-Madison Madison, WI · Public | Banking and Financial Support Services 52.0803 | $11,200 | 49% | 89% | 1 yr $63,228 2 yr $65,029 Bachelor's · CIP 52.08 |