Loan Representative Career

*A job as a Loan Representative falls under the broader career category of Loan Interviewers and Clerks. The information on this page will generally apply to all careers in this category but may not specifically apply to this career title.

Job Description for 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.


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Loan Interviewers and Clerk Career

Salary Info

Median Annual Wage

$40,300

Median Hourly Wage

$19.38*

Total Employed Nationally

224,340


Source: Bureau of Labor Statistics May 2016 wage data and 2016-2026 employment projections. "Projected growth" represents the estimated change in total employment over the projections period (2016-2026). "Projected job openings" represent openings due to growth and replacement.