Loan Interviewers and Clerks: Salary, Job Outlook & How to Become One (2026 Parent Guide)

Loan Interviewers and Clerks fall under the Office and Administrative Support category in the U.S. occupational classification. Loan Interviewers and Clerks earn a median salary of $48,950 per year, ranking in the top 65% of all U.S. occupations. The Bureau of Labor Statistics projects -2.3% job growth through 2034, projected to lose jobs through 2034. Entry into this field typically requires a high school diploma plus on-the-job training, certifications, or postsecondary credentials, with specific licensing or certification depending on the state and employer. For parents whose teenager is exploring this path, the most actionable step is mapping the education requirements to specific colleges and majors before junior year — not waiting until application season.

What do loan interviewers and clerks earn?

The median annual wage for loan interviewers and clerks is $48,950. That puts loan interviewers and clerks at #530 on the BLS ranked list of all U.S. occupations by median pay. This salary is around or below the U.S. median for individual workers, so career growth often depends on advancement into supervisory roles, specialization, or additional credentials. Actual pay varies meaningfully by state, employer type, and years of experience — entry-level salaries are typically 30–40% below the median, while top-decile earners often exceed it by 50% or more.

Is loan interviewers and clerks a growing career?

The 10-year outlook for loan interviewers and clerks is -2.3%, projected to lose jobs through 2034. Employment is projected to move from approximately 177K positions in 2024 to 173K in 2034, a net change of -4K. A declining outlook does not mean the field is disappearing; it means automation, demographics, or substitution effects are shrinking the pool of openings. Students entering a declining field should plan for adjacent skills that transfer to growing roles.

What do loan interviewers and clerks do every day?

According to O*NET task surveys of working loan interviewers and clerks, these are the core responsibilities most professionals perform. This is what your teen would actually be doing in this role.

1. 1.Verify and examine information and accuracy of loan application and closing documents.
2. 2.Record applications for loan and credit, loan information, and disbursements of funds, using computers.
3. 3.Submit loan applications with recommendation for underwriting approval.
4. 4.Contact customers by mail, telephone, or in person concerning acceptance or rejection of applications.
5. 5.Present loan and repayment schedules to customers.
6. 6.Review customer accounts to determine whether payments are made on time and that other loan terms are being followed.
7. 7.Calculate, review, and correct errors on interest, principal, payment, and closing costs, using computers or calculators.
8. 8.File and maintain loan records.

Top skills for loan interviewers and clerks

O*NET ranks these as the most important skills for this occupation, on a 1–5 importance scale derived from worker surveys.

What education does my child need to become loan interviewers and clerk?

Many loan interviewers and clerks enter the field with a high school diploma plus on-the-job training, though employers increasingly favor candidates with certifications or some postsecondary coursework. For parents helping a teen prepare, the highest-leverage step before junior year is identifying colleges and programs that feed reliably into this occupation — Solyo's college search lets parents filter by major and admissions data side by side.

Related careers your child might also consider

• Executive Secretaries and Executive Administrative Assistants
  $74,260 median
• First-Line Supervisors of Office and Administrative Support Workers
  $66,140 median
• Brokerage Clerks
  $62,940 median
• Postal Service Clerks
  $61,630 median
• Production, Planning, and Expediting Clerks
  $57,770 median
• Postal Service Mail Carriers
  $57,490 median

Common questions parents ask about loan interviewers and clerks