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.
AI Impact Summary
Loan Interviewers and Clerks faces moderate AI displacement risk with a score of 47/100. This occupation has higher AI displacement risk than 94% of all analyzed occupations. Of 18 analyzed tasks, 9 are highly automatable, particularly routine cognitive tasks. Strong protective factors — including social intelligence, creativity, or regulatory barriers — significantly reduce effective risk.
Skill Impact Analysis
AI-Vulnerable Skills (6)
High reliance on Reading Comprehension is a risk area. Consider developing complementary AI-resistant skills to maintain value.
High reliance on Information Ordering is a risk area. Consider developing complementary AI-resistant skills to maintain value.
High reliance on Mathematics is a risk area. Consider developing complementary AI-resistant skills to maintain value.
High reliance on Mathematics is a risk area. Consider developing complementary AI-resistant skills to maintain value.
Memorization is AI-vulnerable but has moderate importance in this role. AI tools may handle this; focus on higher-value skills.
Programming is AI-vulnerable but has moderate importance in this role. AI tools may handle this; focus on higher-value skills.
AI-Resistant Skills (11)
Adaptability/Flexibility is AI-resistant — strengthening this skill provides durable career protection.
Complex Problem Solving is AI-resistant — strengthening this skill provides durable career protection.
Leadership is AI-resistant — strengthening this skill provides durable career protection.
Social Perceptiveness is AI-resistant — strengthening this skill provides durable career protection.
Persuasion is AI-resistant — strengthening this skill provides durable career protection.
Service Orientation is AI-resistant — strengthening this skill provides durable career protection.
Coordination is AI-resistant — strengthening this skill provides durable career protection.
Instructing is AI-resistant — strengthening this skill provides durable career protection.
AI-Augmented Skills (7)
Recommended Courses
Courses matched to Loan Interviewers and Clerks skill gaps, ranked by relevance to your displacement risk profile.
Get personalized recommendations. Answer a few questions about your experience and skills to get course suggestions tailored specifically to you.
Upskill to Reduce Risk
Courses addressing your most AI-vulnerable skills
SQL Fundamentals Skill Track
by DataCamp
Estimated Impact
AI-Augmentation Tools
Learn to work alongside AI and boost your productivity
Creative Writing Specialization
by Wesleyan University
Estimated Impact
Strengthen Your Edge
Double down on skills AI can't replicate
Leading People and Teams Specialization
by University of Michigan
Estimated Impact
We may earn a commission when you enroll through our links, at no extra cost to you. This helps fund the Takeover Tracker.
Risk reduction and salary impact are estimates based on skill gap analysis, course relevance, and labor market data. Actual results vary by individual circumstance.
Education & Training
Percentage of workers at each education and training level
Training Provided After Hiring
How long it typically takes to learn on the job
How AI Impacts Each Task
18 tasks analyzed
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.
File and maintain loan records.
Contact credit bureaus, employers, and other sources to check applicants' credit and personal references.
Check value of customer collateral to be held as loan security.
Interview loan applicants to obtain personal and financial data and to assist in completing applications.
Prepare and type loan applications, closing documents, legal documents, letters, forms, government notices, and checks, using computers.
Review customer accounts to determine whether payments are made on time and that other loan terms are being followed.
Calculate, review, and correct errors on interest, principal, payment, and closing costs, using computers or calculators.
Order property insurance or mortgage insurance policies to ensure protection against loss on mortgaged property.
Answer questions and advise customers regarding loans and transactions.
Present loan and repayment schedules to customers.
Accept payment on accounts.
Schedule and conduct closings of mortgage transactions.
Establish credit limits and grant extensions of credit on overdue accounts.
| Task | AI Capability | Risk | Time % | |
|---|---|---|---|---|
| Verify and examine information and accuracy of loan application and closing documents. | 17.5Observed | 56.2% | 10% | |
| Assemble and compile documents for loan closings, such as title abstracts, insurance forms, loan forms, and tax receipts. | 43.97Observed | 66.8% | 8% | |
| Record applications for loan and credit, loan information, and disbursements of funds, using computers. | 92Estimated | 86.0% | 8% | |
| Submit loan applications with recommendation for underwriting approval. | 87Estimated | 84.0% | 5% | |
| Contact customers by mail, telephone, or in person concerning acceptance or rejection of applications. | 65Estimated | 41.0% | 5% | |
| File and maintain loan records. | 95Estimated | 87.2% | 5% | |
| Contact credit bureaus, employers, and other sources to check applicants' credit and personal references. | 90Estimated | 85.2% | 6% | |
| Check value of customer collateral to be held as loan security. | 85Estimated | 83.2% | 4% | |
| Interview loan applicants to obtain personal and financial data and to assist in completing applications. | 40.35Observed | 31.1% | 10% | |
| Prepare and type loan applications, closing documents, legal documents, letters, forms, government notices, and checks, using computers. | 92Estimated | 86.0% | 8% | |
| Review customer accounts to determine whether payments are made on time and that other loan terms are being followed. | 95Estimated | 87.2% | 5% | |
| Calculate, review, and correct errors on interest, principal, payment, and closing costs, using computers or calculators. | 39.9Observed | 65.2% | 5% | |
| Order property insurance or mortgage insurance policies to ensure protection against loss on mortgaged property. | 90Estimated | 85.2% | 3% | |
| Answer questions and advise customers regarding loans and transactions. | 60Estimated | 39.0% | 6% | |
| Present loan and repayment schedules to customers. | 55Estimated | 37.0% | 4% | |
| Accept payment on accounts. | 98Estimated | 88.4% | 3% | |
| Schedule and conduct closings of mortgage transactions. | 43.75Observed | 32.5% | 3% | |
| Establish credit limits and grant extensions of credit on overdue accounts. | 80Estimated | 59.0% | 2% |
Protective Factors
Total protective discount: 28.9%
Essential Soft Skills
Traits that are hard for AI to replicate
Wage & Employment (2024)
Median Wage
$48,950
per year
Mean Wage
$51,050
per year
Employment
173K
workers
Wage Range
$36,360 - $65,910
10th - 90th pct
Wage Distribution
Explore other career paths
Compare displacement risk across occupations and find careers with stronger long-term prospects.
Alternate Career Paths
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Higher risk than 71% of other occupations
Customer Service Representatives
39%Median salary: $42,830
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Credit Analysts
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Paralegals and Legal Assistants
43%Median salary: $61,010
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Tax Examiners and Collectors, and Revenue Agents
43%Median salary: $59,740
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Tax Preparers
45%Median salary: $50,560
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Executive Secretaries and Executive Administrative Assistants
46%Median salary: $74,260
Higher risk than 93% of other occupations
Billing, Cost, and Rate Clerks
51%Median salary: $47,170
Higher risk than 98% of other occupations
Brokerage Clerks
52%Median salary: $62,940
Higher risk than 98% of other occupations
Bookkeeping, Accounting, and Auditing Clerks
56%Median salary: $49,210
Higher risk than 99% of other occupations
Sales Managers
25%Higher risk than 20% of other occupations
Chief Executives
26%Higher risk than 23% of other occupations
General and Operations Managers
28%Higher risk than 29% of other occupations
Marketing Managers
30%Higher risk than 38% of other occupations
Advertising and Promotions Managers
31%Higher risk than 43% of other occupations
Computer and Information Systems Managers
31%Higher risk than 45% of other occupations
Recommendations
Skills to Develop
These skills are at risk from AI automation. Loan Interviewers and Clerks professionals should diversify beyond them.
- Reading Comprehension
High reliance on Reading Comprehension is a risk area. Consider developing complementary AI-resistant skills to maintain value.
- Information Ordering
High reliance on Information Ordering is a risk area. Consider developing complementary AI-resistant skills to maintain value.
- Mathematics
High reliance on Mathematics is a risk area. Consider developing complementary AI-resistant skills to maintain value.
- Mathematics
High reliance on Mathematics is a risk area. Consider developing complementary AI-resistant skills to maintain value.
- Memorization
Memorization is AI-vulnerable but has moderate importance in this role. AI tools may handle this; focus on higher-value skills.
Skills to Leverage
These human-centric skills remain difficult for AI to replicate. Double down here.
- Adaptability/Flexibility
Adaptability/Flexibility is AI-resistant — strengthening this skill provides durable career protection.
- Complex Problem Solving
Complex Problem Solving is AI-resistant — strengthening this skill provides durable career protection.
- Leadership
Leadership is AI-resistant — strengthening this skill provides durable career protection.
- Social Perceptiveness
Social Perceptiveness is AI-resistant — strengthening this skill provides durable career protection.
- Persuasion
Persuasion is AI-resistant — strengthening this skill provides durable career protection.
Tools to Adopt
AI can amplify these skills. Learn the tools that augment rather than replace your work.
- Critical Thinking
Critical Thinking will be enhanced by AI. Develop expertise in using AI tools for this skill to increase productivity.
- Writing
Writing will be enhanced by AI. Develop expertise in using AI tools for this skill to increase productivity.
- Judgment and Decision Making
Judgment and Decision Making will be enhanced by AI. Develop expertise in using AI tools for this skill to increase productivity.
- Active Learning
Active Learning will be enhanced by AI. Develop expertise in using AI tools for this skill to increase productivity.
- Monitoring
Monitoring will be enhanced by AI. Develop expertise in using AI tools for this skill to increase productivity.
Score History
Risk score over 2 scoring runs
overall change