How do they match: 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.

Answer questions and advise customers regarding loans and transactions.
Assemble and compile documents for loan closings, such as title abstracts, insurance forms, loan forms, and tax receipts.
Check value of customer collateral to be held as loan security.
Contact credit bureaus, employers, and other sources to check applicants' credit and personal references.
Establish credit limits and grant extensions of credit on overdue accounts.
File and maintain loan records.
Interview loan applicants to obtain personal and financial data and to assist in completing applications.
Prepare and type loan applications, closing documents, legal documents, letters, forms, government notices, and checks, using computers.
Present loan and repayment schedules to customers.
Record applications for loan and credit, loan information, and disbursements of funds, using computers.
Review customer accounts to determine whether payments are made on time and that other loan terms are being followed.
Submit loan applications with recommendation for underwriting approval.
Verify and examine information and accuracy of loan application and closing documents.

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Site updated April 16, 2024

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