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.
- Tasks
- 18 tasks14 core, 4 supplemental
- Family
- Office & Administrative SupportOne of its 55 occupations
- Code
- 43-4131.00SOC 2018: 43-4131
What the work is made of
14 core tasks and 4 supplemental, each quoted as published, with the survey it came from.
Core: central to the jobSupplemental: done by some, not all
- Task 1. Verify and examine information and accuracy of loan application and closing documents.Core taskTask 11291Rated by 62 people who do the job, July 2017
- Task 2. Assemble and compile documents for loan closings, such as title abstracts, insurance forms, loan forms, and tax receipts.Core taskTask 11293Rated by 62 people who do the job, July 2017
- Task 3. Record applications for loan and credit, loan information, and disbursements of funds, using computers.Core taskTask 11296Rated by 61 people who do the job, July 2017
- Task 4. Submit loan applications with recommendation for underwriting approval.Core taskTask 11305Rated by 62 people who do the job, July 2017
- Task 5. Contact customers by mail, telephone, or in person concerning acceptance or rejection of applications.Core taskTask 11295Rated by 62 people who do the job, July 2017
- Task 6. File and maintain loan records.Core taskTask 11302Rated by 61 people who do the job, July 2017
- Task 7. Contact credit bureaus, employers, and other sources to check applicants' credit and personal references.Core taskTask 11301Rated by 61 people who do the job, July 2017
- Task 8. Check value of customer collateral to be held as loan security.Core taskTask 11300Rated by 61 people who do the job, July 2017
- Task 9. Interview loan applicants to obtain personal and financial data and to assist in completing applications.Core taskTask 11292Rated by 62 people who do the job, July 2017
- Task 10. Prepare and type loan applications, closing documents, legal documents, letters, forms, government notices, and checks, using computers.Core taskTask 11297Rated by 62 people who do the job, July 2017
- Task 11. Review customer accounts to determine whether payments are made on time and that other loan terms are being followed.Core taskTask 11307Rated by 61 people who do the job, July 2017
- Task 12. Calculate, review, and correct errors on interest, principal, payment, and closing costs, using computers or calculators.Core taskTask 11299Rated by 61 people who do the job, July 2017
- Task 13. Answer questions and advise customers regarding loans and transactions.Core taskTask 11294Rated by 62 people who do the job, July 2017
- Task 14. Present loan and repayment schedules to customers.Core taskTask 11298Rated by 61 people who do the job, July 2017
- Task 15. Order property insurance or mortgage insurance policies to ensure protection against loss on mortgaged property.Supplemental taskTask 11306Rated by 62 people who do the job, July 2017
- Task 16. Accept payment on accounts.Supplemental taskTask 11304Rated by 62 people who do the job, July 2017
- Task 17. Schedule and conduct closings of mortgage transactions.Supplemental taskTask 11303Rated by 61 people who do the job, July 2017
- Task 18. Establish credit limits and grant extensions of credit on overdue accounts.Supplemental taskTask 11308Rated by 61 people who do the job, July 2017
Where this comes from
Quoted from the U.S. Department of Labor, and credited. Nothing on this page is written by us.
How we copy and credit sources- Published byO*NET 29.0, U.S. Department of LaborEmployment and Training Administration
- ClassificationStandard Occupational Classification 2018, 43-4131
- LicenseCC BY 4.0Free to copy and reuse, with credit
- Changed by usNothing.
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