Loan interviewers and clerks salary
| Measure | Annual | Hourly |
|---|---|---|
| 10th percentile | $37,330 | $17.95 |
| Median (50th percentile) | $50,020 | $24.05 |
| Mean (average) | $52,520 | $25.25 |
| 90th percentile | $69,770 | $33.55 |
These wages describe everyone employed in the occupation, from new entrants to experienced workers. They are not starting salaries and not earnings of graduates from any particular program. Verified data
Loan interviewers and clerks pay by state and metro area
Table: median wage and employment for all 52 states and territories
| State | Median | 10th pct | 90th pct | Employment | Location quotient |
|---|---|---|---|---|---|
| Alabama | $40,300 | $29,460 | $57,410 | 2,960 | 1.32 |
| Alaska | $51,470 | $44,660 | $66,500 | 330 | 0.95 |
| Arizona | $50,120 | $37,780 | $75,230 | 4,700 | 1.37 |
| Arkansas | $45,140 | $34,220 | $61,410 | 1,970 | 1.42 |
| California | $57,300 | $39,170 | $75,940 | 14,680 | 0.76 |
| Colorado | $56,760 | $37,020 | $75,010 | 2,500 | 0.82 |
| Connecticut | $58,980 | $45,330 | $73,340 | 970 | 0.54 |
| Delaware | $57,760 | $35,690 | $78,030 | 950 | 1.85 |
| District of Columbia | $77,080 | $56,800 | $101,790 | 140 | 0.19 |
| Florida | $50,510 | $36,280 | $66,410 | 10,690 | 1.02 |
| Georgia | $48,310 | $34,730 | $64,690 | 4,020 | 0.78 |
| Hawaii | $55,410 | $44,800 | $81,600 | 450 | 0.68 |
| Idaho | $48,090 | $36,810 | $62,710 | 1,240 | 1.36 |
| Illinois | $50,000 | $39,030 | $67,400 | 6,850 | 1.06 |
| Indiana | $47,310 | $36,080 | $60,540 | 3,350 | 0.99 |
| Iowa | $50,080 | $39,880 | $64,790 | 2,380 | 1.44 |
| Kansas | $47,640 | $37,340 | $66,430 | 2,770 | 1.82 |
| Kentucky | $47,910 | $34,460 | $63,240 | 3,690 | 1.74 |
| Louisiana | $46,700 | $27,640 | $58,330 | 2,010 | 0.98 |
| Maine | $50,020 | $44,870 | $61,600 | 650 | 0.96 |
| Maryland | $59,430 | $45,560 | $76,550 | 1,590 | 0.54 |
| Massachusetts | $58,940 | $45,770 | $70,760 | 2,080 | 0.54 |
| Michigan | $51,500 | $39,010 | $67,670 | 7,930 | 1.7 |
| Minnesota | $51,760 | $39,210 | $71,720 | 2,850 | 0.91 |
| Mississippi | $39,120 | $31,030 | $57,400 | 1,770 | 1.44 |
| Missouri | $47,170 | $36,470 | $62,670 | 5,080 | 1.63 |
| Montana | $48,460 | $40,040 | $59,770 | 640 | 1.18 |
| Nebraska | $48,970 | $40,130 | $62,300 | 1,010 | 0.93 |
| Nevada | $57,070 | $38,950 | $76,060 | 1,520 | 0.93 |
| New Hampshire | $56,040 | $45,150 | $72,090 | 520 | 0.71 |
| New Jersey | $58,760 | $43,740 | $77,580 | 3,620 | 0.8 |
| New Mexico | $46,100 | $34,950 | $71,980 | 880 | 0.96 |
| New York | $58,120 | $44,450 | $77,100 | 4,780 | 0.47 |
| North Carolina | $57,780 | $40,030 | $70,050 | 4,800 | 0.92 |
| North Dakota | $51,290 | $42,730 | $69,800 | 980 | 2.16 |
| Ohio | $49,150 | $39,180 | $64,260 | 5,800 | 0.99 |
| Oklahoma | $47,210 | $34,670 | $63,000 | 3,300 | 1.82 |
| Oregon | $57,650 | $42,030 | $72,850 | 1,920 | 0.92 |
| Pennsylvania | $47,350 | $36,250 | $63,250 | 4,330 | 0.67 |
| Puerto Rico | $35,940 | $23,880 | $44,020 | 810 | 0.81 |
| Rhode Island | $51,560 | $31,450 | $65,570 | 650 | 1.23 |
| South Carolina | $47,500 | $28,690 | $64,590 | 2,820 | 1.16 |
| South Dakota | $47,000 | $38,800 | $58,000 | 1,710 | 3.53 |
| Tennessee | $45,230 | $34,560 | $65,900 | 3,990 | 1.15 |
| Texas | $49,980 | $37,850 | $70,010 | 17,090 | 1.15 |
| Utah | $48,110 | $39,180 | $61,350 | 2,820 | 1.53 |
| Vermont | $50,060 | $43,350 | $60,930 | 290 | 0.91 |
| Virginia | $50,140 | $37,510 | $71,930 | 3,990 | 0.92 |
| Washington | $58,740 | $46,580 | $75,520 | 3,290 | 0.87 |
| West Virginia | $42,490 | $35,460 | $50,690 | 840 | 1.13 |
| Wisconsin | $48,930 | $39,150 | $61,470 | 4,270 | 1.37 |
| Wyoming | $47,950 | $41,290 | $63,650 | 300 | 1 |
A location quotient above 1 means the occupation is more concentrated in that state than in the nation overall.
Metro areas with the most jobs
Highest paying metro areas
Job outlook for loan interviewers and clerks
- Average annual openings, 2025 to 2035: 10,500. Openings include new jobs plus replacement needs when workers retire or leave the occupation. Official projection
- Share of workers who are self-employed (2025): 0.4%.
- Read the official BLS Occupational Outlook Handbook profile.
These are official BLS projections. ConnectPrep does not alter them or present its own forecasts as official statistics.
Education and training for loan interviewers and clerks
- Typical entry education
- High school diploma or equivalent
- Related work experience
- None
- On-the-job training
- Short-term on-the-job training
- O*NET Job Zone
- Job Zone Three: Medium Preparation Needed
Highest education of people working in this occupation
O*NET describes this preparation level as: Most occupations in this zone require training in vocational schools, related on-the-job experience, or an associate's degree.
Degrees and programs that lead to this career
Programs officially mapped to this occupation in the NCES and BLS CIP to SOC crosswalk. A mapping means the program commonly prepares students for the occupation, not that every graduate works in it. Official crosswalk
- Banking and Financial Support Services CIP 52.0803
Skills, knowledge, and daily work
Most important skills
Most important knowledge areas
Typical tasks
- Interview loan applicants to obtain personal and financial data and to assist in completing applications.
- Answer questions and advise customers regarding loans and transactions.
- Submit loan applications with recommendation for underwriting approval.
- Verify and examine information and accuracy of loan application and closing documents.
- Record applications for loan and credit, loan information, and disbursements of funds, using computers.
- Check value of customer collateral to be held as loan security.
- Contact customers by mail, telephone, or in person concerning acceptance or rejection of applications.
- Prepare and type loan applications, closing documents, legal documents, letters, forms, government notices, and checks, using computers.
Technology skills
- Microsoft Excel (in demand)
- Microsoft Office software (in demand)
- Microsoft Outlook (in demand)
- Microsoft PowerPoint (in demand)
- Microsoft Word (in demand)
- Microsoft Access (hot technology)
- Microsoft Windows (hot technology)
- Automated financial software
- Automated underwriting software
- Credit reporting software
- Encompass software
- Fannie Mae Desktop Underwriter
- Lending software systems
- Loan tracking software
- Microsoft Dynamics
- Rockport Integrated Excel Underwriting
Transferable skills for career changers: Complex Problem Solving, Social Perceptiveness, Judgment and Decision Making, Time Management, Coordination, Persuasion.
Common job titles: Licensed Loan Officer Assistant, Loan Analyst, Loan Assistant, Loan Clerk, Loan Originator, Loan Processor, Loan Representative, Mortgage Broker, Mortgage Loan Processor, Mortgage Processor.
Is it worth it? Model the cost of getting there
Use the ROI calculator to compare the cost of the education this career usually requires against staying on your current path. It starts from the official wage distribution above, and you can change every assumption.
Frequently asked questions
How much do loan interviewers and clerks make?
The national median annual wage for loan interviewers and clerks was $50,020 in May 2025, according to the BLS Occupational Employment and Wage Statistics program. The lowest paid 10 percent earned less than $37,330 and the highest paid 10 percent earned more than $69,770. These figures cover all workers in the occupation, not only new entrants.
What education do loan interviewers and clerks need?
BLS lists high school diploma or equivalent as the typical education needed to enter this occupation, with none of related work experience and short-term on-the-job training on-the-job training typically needed to become competent.
Is loan interviewers and clerks a growing career?
BLS projects employment of loan interviewers and clerks to change -2.4% from 2025 to 2035, compared with +3.5% for all occupations. About 10,500 openings are projected each year on average, including openings from workers who retire or change occupations.
Which states pay loan interviewers and clerks the most?
By median annual wage in May 2025, the highest paying states were District of Columbia ($77,080), Maryland ($59,430), Connecticut ($58,980). Pay differences partly reflect differences in living costs.