Occupational Employment Statistics

DETAILED OCCUPATION DATA

43-4131 Loan Interviewers and Clerks

Occupational Description:
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.

Occupational Employment Statistics(OES) Wage Data
First Quarter 2025

Geography	Employment	Emp SE*	Percentiles
Geography	Employment	Emp SE*	Mean	10th	25th	Median	75th	90th
Southeast Minnesota	230	21	$25.15/hr	$21.66/hr	$22.51/hr	$24.20/hr	$28.20/hr	$30.60/hr

Leading Industries for Loan Interviewers and Clerks

Industry	OES Employment (Statewide)	OES Median Wage (Statewide)
Construction	N/A	N/A
Trade, Transportation and Utilities	40	$26.02/hr
Financial Activities	2,860	$24.39/hr
Professional and Business Services	370	$23.68/hr
Education and Health Services	N/A	N/A
Other Services	N/A	N/A
Public Administration	N/A	N/A

Other Regional Data for Loan Interviewers and Clerks

Geography	Employment	Median Wage	Projections % Change 2022-2032
Grand Forks ND-MN MSA	50	$25.01/hr	N/A
Mankato-North Mankato MN MSA	50	$23.27/hr	N/A
Northeast Balance of State	70	$23.27/hr	N/A
Rochester MN MSA	90	$24.22/hr	N/A
Northeast Minnesota	150	$23.08/hr	-5.2%
La Crosse WI-MN MSA	150	$23.25/hr	N/A
Southwest Balance of State	150	$23.19/hr	N/A
Duluth MN-WI MSA	160	$23.11/hr	N/A
St Cloud MN MSA	190	$23.61/hr	N/A
Southeast Balance of State	210	$24.20/hr	N/A
Southeast Minnesota	230	$24.20/hr	-2.9%
Southwest Minnesota	250	$23.33/hr	-4.0%
Central Minnesota	330	$23.70/hr	-2.0%
Northwest Balance of State	330	$23.09/hr	N/A
Fargo ND-MN MSA	350	$23.79/hr	N/A
Northwest Minnesota	360	$23.08/hr	-2.8%
Seven County Mpls-St Paul, MN	1,790	$25.43/hr	-3.2%
Minneapolis-St Paul-Bloomington MN-WI MSA	1,970	$25.30/hr	N/A
Minnesota	3,300	$24.35/hr	-3.2%

Related Occupations

Occupations	Employment	Median Wage	Projections % Change 2022-2032
Securities, Commodities, and Financial Services Sales Agents	7,690	$38.70/hr	6.2%
Tax Preparers	1,330	$31.83/hr	1.7%
Tax Examiners and Collectors, and Revenue Agents	290	$31.70/hr	3.4%
Accountants and Auditors	30,400	$39.40/hr	5.6%
Bill and Account Collectors	3,800	$23.42/hr	-14.8%
Insurance Underwriters	2,670	$38.36/hr	-3.0%
Credit Analysts	1,190	$38.52/hr	-4.6%
Loan Officers	6,950	$41.05/hr	0.7%
Brokerage Clerks	1,300	$29.35/hr	-9.2%
Correspondence Clerks	N/A	$25.95/hr	N/A

Task for Loan Interviewers and Clerks

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.