Loan Interviewers and Clerks

The work

Core tasks

1. 01Verify and examine information and accuracy of loan application and closing documents.
2. 02Assemble and compile documents for loan closings, such as title abstracts, insurance forms, loan forms, and tax receipts.
3. 03Record applications for loan and credit, loan information, and disbursements of funds, using computers.
4. 04Submit loan applications with recommendation for underwriting approval.
5. 05Contact customers by mail, telephone, or in person concerning acceptance or rejection of applications.
6. 06File and maintain loan records.
7. 07Contact credit bureaus, employers, and other sources to check applicants' credit and personal references.
8. 08Check value of customer collateral to be held as loan security.
9. 09Interview loan applicants to obtain personal and financial data and to assist in completing applications.
10. 10Prepare and type loan applications, closing documents, legal documents, letters, forms, government notices, and checks, using computers.
11. 11Review customer accounts to determine whether payments are made on time and that other loan terms are being followed.
12. 12Calculate, review, and correct errors on interest, principal, payment, and closing costs, using computers or calculators.

Capabilities

Essential skills

Employment outlook

Where the role is heading