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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
Southwest Minnesota 27023$22.82/hr$18.42/hr$19.00/hr$22.56/hr$24.52/hr$29.97/hr

IndustryOES Employment (Statewide)OES Median Wage (Statewide)
Trade, Transportation and Utilities50$28.13/hr
Financial Activities4,500$23.86/hr
Professional and Business Services600$22.09/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 40$23.80/hrN/A
Northeast Balance of State 60$20.18/hrN/A
Mankato-North Mankato MN MSA 70$23.38/hrN/A
Rochester MN MSA 110$23.16/hrN/A
Duluth MN-WI MSA 130$23.12/hrN/A
Southwest Balance of State 140$21.80/hrN/A
Northeast Minnesota 140$22.44/hr3.3%
St Cloud MN MSA 200$23.51/hrN/A
La Crosse WI-MN MSA 230$18.83/hrN/A
Southeast Balance of State 250$20.70/hrN/A
Southeast Minnesota 260$22.35/hr-0.5%
Southwest Minnesota 270$22.56/hr1.2%
Northwest Balance of State 310$21.10/hrN/A
Northwest Minnesota 340$21.10/hr3.4%
Central Minnesota 350$23.50/hr-0.3%
Fargo ND-MN MSA 390$23.75/hrN/A
Seven County Mpls-St Paul, MN 3,490$24.39/hr-2.3%
Minneapolis-St Paul-Bloomington MN-WI MSA 3,680$24.38/hrN/A
Minnesota 5,160$23.77/hr-2.0%

Occupations Click link for details EmploymentMedian WageProjections
% Change 2020-2030
Securities, Commodities, and Financial Services Sales Agents 8,560$36.33/hr6.7%
Tax Preparers 1,430$30.00/hr1.7%
Tax Examiners and Collectors, and Revenue Agents 1,090$33.14/hr-2.5%
Accountants and Auditors 28,730$37.36/hr4.4%
Bill and Account Collectors 3,970$21.82/hr-14.4%
Insurance Underwriters 2,080$37.79/hr-5.5%
Credit Analysts 1,930$38.88/hr-5.3%
Loan Officers 8,020$38.66/hr2.3%
Brokerage Clerks 1,570$25.31/hr-8.3%
Correspondence Clerks N/A$24.93/hrN/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.