Description
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.
Interests
- Conventional
- Enterprising
- Social
Work Values
- Relationships
- Support
- Working Conditions
Work Styles
- Attention to Detail
- Integrity
- Dependability
- Cooperation
- Initiative
Tasks
- Verify and examine information and accuracy of loan application and closing documents.
- Assemble and compile documents for loan closings, such as title abstracts, insurance forms, loan forms, and tax receipts.
- Record applications for loan and credit, loan information, and disbursements of funds, using computers.
- Submit loan applications with recommendation for underwriting approval.
- Contact customers by mail, telephone, or in person concerning acceptance or rejection of applications.
Work Activities
- Working with Computers
- Getting Information
- Performing for or Working Directly with the Public
- Evaluating Information to Determine Compliance with Standards
- Processing Information
Detailed Work Activities
- Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
- Observing, receiving, and otherwise obtaining information from all relevant sources.
- Performing for people or dealing directly with the public. This includes serving customers in restaurants and stores, and receiving clients or guests.
- Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.
- Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
- Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
- Analyzing information and evaluating results to choose the best solution and solve problems.
- Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
- Developing constructive and cooperative working relationships with others, and maintaining them over time.
- Keeping up-to-date technically and applying new knowledge to your job.
Technology Skills
- Spreadsheet software
- Presentation software
- Financial analysis software
- Customer relationship management CRM software
- Electronic mail software
Abilities
- Oral Comprehension
- Written Comprehension
- Oral Expression
- Speech Clarity
- Speech Recognition
Skills
- Active Listening
- Speaking
- Reading Comprehension
- Critical Thinking
- Writing
Knowledge
- Customer and Personal Service
- English Language
- Administrative
- Computers and Electronics
- Law and Government
Most Common Education Level
The “Most Common Education Level” refers to the level of education held by the majority of workers in a given occupation. For example, if the highest percentage of workers in a role have an Associate’s Degree, that suggests this is the typical educational requirement. Knowing this helps you plan how many years of education you may need to pursue that career.
Certificates
Certificate name
Certified Mortgage ConsultantCertifying Organization
National Association of Mortgage Brokers
Type
Advanced
Certificate name
Certified Senior Mortgage ExaminerCertifying Organization
Conference of State Bank Supervisors
Type
Advanced
Certificate name
Certified Forensic InterviewerCertifying Organization
Certified Forensic Interviewer
Type
Core
Certificate name
Accredited Mortgage ProfessionalCertifying Organization
Mortgage Bankers Association of America
Type
Core
Certificate name
General Mortgage AssociateCertifying Organization
National Association of Mortgage Brokers
Type
Core
Income Percentile
The income percentiles show how earnings are distributed within a profession. The 10th percentile means that 10% of workers earned less than that amount. The median (50th percentile) indicates that half of workers earned more, and half earned less. The 90th percentile reflects what the top 10% of earners in the field make.
| Income Percentile | Annual Income |
|---|---|
| Low (10%) | $37,266 |
| Median (50%) | $49,178 |
| High (90%) | $95,997 |
Income by Experience
This table shows how income typically grows with experience—from entry level (0–2 years), to mid-level (3–5 years), to senior level (6–8 years), to expert level (8+ years).
| Experience | Income |
|---|---|
Entry Level  | $48,442 |
| Mid Level | $65,152 |
| Senior Level | $86,261 |
| Expert Level | $131,851 |
Employability
There are currently 206,100 jobs in this career path. Over the next 10 years, that number is expected to decrease to 201,200 positions, reflecting a projected decline of -2%.
The Projected Job Growth figure refers to the expected increase or decrease in employment within a specific career field over a certain period of time.
Projected Job Growth of -2%
Related Careers
The career information and data on this site incorporates information from O*NET Web Services, Lightcast, CareerOneStop, and the U.S. Bureau of Labor Statistics (BLS). For more details regarding the data sources and the specific information sourced, click here.
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