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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.

What you’d do

  • Interview loan applicants to obtain personal and financial data and to assist in completing applications.
  • Answer questions and advise customers regarding loans and transactions.
  • Submit loan applications with recommendation for underwriting approval.
  • Verify and examine information and accuracy of loan application and closing documents.
  • Record applications for loan and credit, loan information, and disbursements of funds, using computers.
  • Check value of customer collateral to be held as loan security.
  • Contact customers by mail, telephone, or in person concerning acceptance or rejection of applications.
  • Prepare and type loan applications, closing documents, legal documents, letters, forms, government notices, and checks, using computers.

Skills that matter

  • Active Listening
  • Speaking
  • Reading Comprehension
  • Critical Thinking
  • Writing
  • Complex Problem Solving

How to get there

Medium preparation: usually vocational school, related on-the-job experience, or an associate's degree

Also called

  • Loan Analyst
  • Loan Assistant
  • Loan Processor
  • Mortgage Loan Processor
  • Licensed Loan Officer Assistant
  • Loan Clerk

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