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 Click link for Career Profile EmploymentEmp SE*Percentiles
Southeast Minnesota 25037$20.97/hr$15.64/hr$17.60/hr$20.58/hr$24.10/hr$28.25/hr

IndustryOES Employment (Statewide)OES Median Wage (Statewide)
Trade, Transportation and UtilitiesN/AN/A
Financial Activities4,730$20.28/hr
Professional and Business Services980$20.71/hr
Education and Health ServicesN/AN/A
Other ServicesN/AN/A
Public AdministrationN/AN/A
Geography Click link for details EmploymentMedian WageProjections
% Change 2016-2026
Grand Forks ND-MN MSA 50$20.15/hrN/A
Mankato-North Mankato MN MSA 50$19.26/hrN/A
Northeast Balance of State 60$18.35/hrN/A
Rochester MN MSA 110$21.53/hrN/A
La Crosse WI-MN MSA 130$17.69/hrN/A
Duluth MN-WI MSA 150$18.99/hrN/A
Northeast Minnesota 170$18.77/hr-8.7%
St Cloud MN MSA 200$22.84/hrN/A
Southeast Balance of State 200$19.78/hrN/A
Southeast Minnesota 250$20.58/hr-1.6%
Southwest Balance of State 290$18.66/hrN/A
Northwest Balance of State 310$19.23/hrN/A
Northwest Minnesota 340$19.21/hr-5.4%
Fargo ND-MN MSA 340$22.04/hrN/A
Southwest Minnesota 370$19.24/hr7.1%
Central Minnesota 410$20.70/hr0.7%
Seven County Mpls-St Paul, MN 4,110$20.68/hr7.2%
Minneapolis-St Paul-Bloomington MN-WI MSA 4,400$20.72/hrN/A
Minnesota 5,760$20.35/hr6.3%

Occupations Click link for details EmploymentMedian WageProjections
% Change 2016-2026
Securities, Commodities, and Financial Services Sales Agents 9,240$41.58/hr4.0%
Tax Examiners and Collectors, and Revenue Agents 1,170$28.87/hr2.6%
Accountants and Auditors 23,210$33.06/hr9.4%
Bill and Account Collectors 4,120$18.53/hr-5.5%
Insurance Underwriters 1,750$35.09/hr-8.4%
Loan Officers 8,550$35.96/hr8.1%
Brokerage Clerks 2,050$24.24/hr1.6%
New Accounts Clerks 980$19.45/hr-3.7%
Tax Preparers 1,350$26.02/hr10.7%
Correspondence Clerks N/A$22.72/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.