Occupational Employment Statistics


43-4131 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.

Geography EmploymentEmp SE*Percentiles
Northwest Minnesota 21038$18.52/hr$14.22/hr$15.99/hr$18.01/hr$20.27/hr$24.30/hr

IndustryOES Employment (Statewide)OES Median Wage (Statewide)
Trade, Transportation and UtilitiesN/AN/A
Financial Activities4,730$19.95/hr
Professional and Business Services680$20.59/hr
Education and Health ServicesN/AN/A
Other ServicesN/AN/A
Public AdministrationN/AN/A
Geography EmploymentMedian WageProjections
% Change 2016-2026
Grand Forks ND-MN MSA 40$20.66/hrN/A
Mankato-North Mankato MN MSA 50$19.78/hrN/A
Northeast Balance of State 70$17.66/hrN/A
Rochester MN MSA 110$21.99/hrN/A
Duluth MN-WI MSA 120$20.01/hrN/A
Northeast Minnesota 130$19.44/hr-8.7%
La Crosse WI-MN MSA 130$17.34/hrN/A
St Cloud MN MSA 170$21.78/hrN/A
Southeast Balance of State 180$19.56/hrN/A
Northwest Balance of State 200$17.84/hrN/A
Northwest Minnesota 210$18.01/hr-5.4%
Southwest Balance of State 220$18.30/hrN/A
Fargo ND-MN MSA 230$21.79/hrN/A
Southeast Minnesota 260$20.93/hr-1.6%
Southwest Minnesota 290$18.97/hr7.1%
Central Minnesota 500$20.22/hr0.7%
Seven County Mpls-St Paul, MN 4,030$20.28/hr7.2%
Minneapolis-St Paul-Bloomington MN-WI MSA 4,390$20.41/hrN/A
Minnesota 5,530$20.02/hr6.3%

Occupations EmploymentMedian WageProjections
% Change 2016-2026
Securities, Commodities, and Financial Services Sales Agents 9,470$39.36/hr4.0%
Tax Examiners, Collectors, and Revenue Agents 1,080$29.99/hr2.6%
Accountants and Auditors 22,960$32.46/hr9.4%
Bill and Account Collectors 4,940$18.58/hr-5.5%
Insurance Underwriters 1,620$31.27/hr-8.4%
Loan Officers 7,740$35.30/hr8.1%
Brokerage Clerks 2,470$23.88/hr1.6%
New Accounts Clerks 1,170$18.76/hr-3.7%
Tax Preparers 990$25.12/hr10.7%
Correspondence Clerks 30$20.60/hr3.1%

  • Check value of customer collateral to be held as loan security.
  • Verify and examine information and accuracy of loan application and closing documents.
  • Contact credit bureaus, employers, and other sources to check applicants' credit and personal references.
  • Record applications for loan and credit, loan information, and disbursements of funds, using computers.
  • Contact customers by mail, telephone, or in person concerning acceptance or rejection of applications.
  • Answer questions and advise customers regarding loans and transactions.
  • File and maintain loan records.
  • Interview loan applicants to obtain personal and financial data and to assist in completing applications.
  • Submit loan applications with recommendation for underwriting approval.
  • Assemble and compile documents for loan closings, such as title abstracts, insurance forms, loan forms, and tax receipts.