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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 26022$22.52/hr$18.97/hr$18.98/hr$22.38/hr$24.47/hr$29.99/hr

IndustryOES Employment (Statewide)OES Median Wage (Statewide)
Trade, Transportation and Utilities30$26.12/hr
Financial Activities3,840$24.47/hr
Professional and Business Services610$20.49/hr
Education and Health ServicesN/AN/A
Other ServicesN/AN/A
Public AdministrationN/AN/A
Geography Click link for details EmploymentMedian WageProjections
% Change 2020-2030
Grand Forks ND-MN MSA 60$23.93/hrN/A
Northeast Balance of State 70$19.60/hrN/A
Mankato-North Mankato MN MSA 80$24.23/hrN/A
Rochester MN MSA 110$24.01/hrN/A
La Crosse WI-MN MSA 140$23.43/hrN/A
Duluth MN-WI MSA 150$22.81/hrN/A
Northeast Minnesota 190$22.68/hr3.3%
St Cloud MN MSA 210$24.36/hrN/A
Northwest Balance of State 250$23.13/hrN/A
Southeast Balance of State 250$19.20/hrN/A
Southeast Minnesota 260$22.38/hr-0.5%
Northwest Minnesota 280$23.13/hr3.4%
Southwest Balance of State 290$19.42/hrN/A
Fargo ND-MN MSA 310$24.15/hrN/A
Central Minnesota 390$24.14/hr-0.3%
Southwest Minnesota 410$20.32/hr1.2%
Seven County Mpls-St Paul, MN 2,830$24.71/hr-2.3%
Minneapolis-St Paul-Bloomington MN-WI MSA 3,000$24.70/hrN/A
Minnesota 4,500$24.46/hr-2.0%

Occupations Click link for details EmploymentMedian WageProjections
% Change 2020-2030
Securities, Commodities, and Financial Services Sales Agents 7,530$40.46/hr6.7%
Tax Preparers 1,360$28.17/hr1.7%
Tax Examiners and Collectors, and Revenue Agents 1,440$31.90/hr-2.5%
Accountants and Auditors 27,490$38.67/hr4.4%
Bill and Account Collectors 4,150$23.54/hr-14.4%
Insurance Underwriters 2,410$34.02/hr-5.5%
Credit Analysts 1,750$39.24/hr-5.3%
Loan Officers 7,520$39.79/hr2.3%
Brokerage Clerks 1,790$24.98/hr-8.3%
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.