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Occupational Employment Statistics


DETAILED OCCUPATION DATA

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 Click link for Career Profile EmploymentEmp SE*Percentiles
Mean10th25thMedian75th90th
Northwest Minnesota 30023$23.08/hr$18.06/hr$20.15/hr$22.66/hr$24.08/hr$28.50/hr


IndustryOES Employment (Statewide)OES Median Wage (Statewide)
Trade, Transportation and Utilities40$20.98/hr
Financial Activities3,730$24.38/hr
Professional and Business Services540$22.83/hr
Education and Health ServicesN/AN/A
Public AdministrationN/AN/A
 
Geography Click link for details EmploymentMedian WageProjections
% Change 2022-2032
Grand Forks ND-MN MSA 50$24.12/hrN/A
Mankato-North Mankato MN MSA 60$26.76/hrN/A
Northeast Balance of State 70$23.20/hrN/A
Rochester MN MSA 90$24.25/hrN/A
Northeast Minnesota 140$23.27/hr-5.2%
Duluth MN-WI MSA 140$23.38/hrN/A
Southwest Balance of State 180$22.81/hrN/A
La Crosse WI-MN MSA 190$21.82/hrN/A
Southeast Minnesota 230$23.68/hr-2.9%
St Cloud MN MSA 230$23.60/hrN/A
Southeast Balance of State 230$23.27/hrN/A
Northwest Balance of State 280$22.64/hrN/A
Northwest Minnesota 300$22.66/hr-2.8%
Southwest Minnesota 300$23.24/hr-4.0%
Central Minnesota 390$23.52/hr-2.0%
Fargo ND-MN MSA 390$24.02/hrN/A
Seven County Mpls-St Paul, MN 2,670$24.58/hr-3.2%
Minneapolis-St Paul-Bloomington MN-WI MSA 2,860$24.58/hrN/A
Minnesota 4,320$24.06/hr-3.2%


Occupations Click link for details EmploymentMedian WageProjections
% Change 2022-2032
Securities, Commodities, and Financial Services Sales Agents 7,830$36.43/hr6.2%
Tax Preparers 1,100$23.71/hr1.7%
Tax Examiners and Collectors, and Revenue Agents 1,050$35.29/hr3.4%
Accountants and Auditors 30,370$38.52/hr5.6%
Bill and Account Collectors 4,100$22.46/hr-14.8%
Insurance Underwriters 1,970$38.92/hr-3.0%
Credit Analysts 1,660$37.42/hr-4.6%
Loan Officers 7,270$40.54/hr0.7%
Brokerage Clerks 1,170$27.90/hr-9.2%
Correspondence Clerks N/AN/AN/A


  • 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.