What Do Loan Interviewers and Clerks Do?
At its core, the job of loan interviewers and clerks is to research and gather information. Loaning money is an inherently risky business. As such, should you take on one of these positions, it becomes your responsibility to minimize those risks to the best of your ability. For both current and prospective clients, backgrounds and references need to be checked and all paperwork needs to be filled out entirely to make the loan process go as smoothly as possible.
Loan Interviewers and Clerks Skills and Abilities
Loan interviewers and clerks have as much of a duty to clients as they do to the business, meaning that you need to be personable to succeed in this job. Assessing customers’ needs as well as their level of satisfaction with the business’ services is the key to a long-running enterprise. Since this is a job that deals heavily with numbers, you must have strong skills in advanced mathematics as well as economics and accounting. All of this information is nearly useless without organization, and that is where strong clerical skills also come in.
Loan Interviewers and Clerks Duties
This is a job that is all about gathering and processing information. As you research, interview and otherwise compile data, it all needs to be calculated, verified and organized in such a way that everything is up-to-date and easy to access for anyone in the company who might need it. You also have to write programs and functions so that you have a standardized process for organizing the data. Additionally, the job involves frequent communication with entities outside the business such as the general public and the government.
Loan Interviewers and Clerks Tools and Technology
As a loan interviewer or clerk, you need office tools that expedite the gathering and exchanging of information. A reliable desktop computer and likely a laptop are must-haves. In terms of software, it will be necessary to have access to programs for accounting and financial analysis, loan tracking and spreadsheets. Printers, photocopies and fax machines are all enormously helpful with creating hard copies of any particularly important data that would be compromised if your computer were to crash.
Education and Training for Loan Interviewers and Clerks
You should have at least a high school diploma to be considered as a legitimate candidate for one of these jobs. However, many already working in the field also have at least spent some time in college, if not earned an Associate’s or Bachelor’s degree. Should you decide to pursue higher education first, coursework in banking and finance sets the strongest foundation for this job. While no prior work experience is necessary to be a loan interviewer or clerk, expect to participate in some brief on-the-job training before you are allowed to work on your own.
Loan Interviewers and Clerks Salary
This is the kind of job that is great for someone right out of college who is looking to get his or her start in the financial industry. With this in mind, the median annual wage figure for this position in the United States is around $37,000. Those in the lower ten percent make a little over $24,000 while those in the highest ten percent receive close to $55,000.
Loan Interviewers and Clerks Jobs by Geography
The highest concentration of jobs in this field are in large states like California, Florida and Texas, while the states projected to experience the highest rate of growth are Arizona, Colorado and Utah. When considering location with the best annual pay, you have options in each major sector of the country, with the top three states being California, Colorado and Massachusetts. Keep all of this information in mind when you choose where to get started.