Salary for Loan Interviewers and Clerks

Also known as:  Loan Interviewer, Loan Processor, Mortgage Closing Clerk, Mortgage Loan Closer, Mortgage Loan Processing Clerk, Mortgage Loan Processor, Mortgage Processor

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Loan Interviewers and Clerks perform numerous duties to those wishing to obtain a loan. Once an individual applies for a loan it is the clerk or interviewers job to perform background checks and verify their history, as well as verify references and credit history. Those findings must then be sent to the appropriate department in order for the loan transaction to complete. A high school diploma is always required, and many times an associate's degree or a bachelor's degree is needed. Loan Interviewer and Clerks positions are expected to increase in th coming years.

A Loan Interviewers or Clerk will usually earn a salary between 24000 and 36000 based on experience and talent. Loan Interviewers and Clerks receive an average compensation of Thirty Five Thousand Two Hundred dollars each year.

Loan Interviewers and Clerks are compensated most highly in Massachusetts, where they can get average wages of approximately $40660. These employees make the greatest compensation in Real Estate and Rental and Leasing, where they get pay of $46910.

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The national wage distribution is shown below. To overlay local salaries for a Loan Interviewers or Clerk, please select your state.
ANNUAL SALARY
HOURLY RATE
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SALARY TREND
The annual compensation for this career has gone up since 2004. Salaries have increased by an average of 14.67 percent nationwide in that time.
INDUSTRIES
Loan Interviewers and Clerks tend to make the most in the following industries
Retail Trade $46,910
Real Estate and Rental and Leasing $37,320
Construction $37,140
Information $37,010
Other Services (except Public Administration) $36,410
Professional, Scientific, and Technical Services $36,130
In general, they earn less within the industries below
Manufacturing $32,230
Wholesale Trade $32,830
Health Care and Social Assistance $33,500
Educational Services $33,640
Administrative, Support and Waste Management Services $34,560
Finance and Insurance $35,040
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