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.
The national average annual salary for this occupation is $35,180 per year. Nationally, the average hourly wage for this occupation is $16.91. The average wage in New Mexico is well below the national average. In New Mexico, the average hourly wage is $13.54 and most workers in this occupation earn between $9.88 and $15.37 per hour.
In the table click on the "+" sign to expand/collapse areas.
| Area | Entry Wage | Average Wage | Experienced Wage |
|---|---|---|---|
| National Annual | $35,180 | ||
| National Hourly | $16.91 | ||
| Statewide Annual | $20,547 | $28,163 | $31,971 |
| Statewide Hourly | $9.88 | $13.54 | $15.37 |
| Metro Areas | |||
| Albuquerque Annual | $20,778 | $29,670 | $34,116 |
| Hourly | $9.99 | $14.26 | $16.40 |
| Farmington Annual | $20,784 | $23,138 | $24,315 |
| Hourly | $9.99 | $11.12 | $11.69 |
| Las Cruces Annual | $18,587 | $28,685 | $33,734 |
| Hourly | $8.94 | $13.79 | $16.22 |
| Santa Fe Annual | $26,460 | $32,089 | $34,903 |
| Hourly | $12.72 | $15.43 | $16.78 |
| Regions | |||
| Central Annual | $20,778 | $29,670 | $34,116 |
| Hourly | $9.99 | $14.26 | $16.40 |
| Eastern Annual | $20,973 | $26,087 | $28,643 |
| Hourly | $10.08 | $12.54 | $13.77 |
| Northern Annual | $20,956 | $25,928 | $28,415 |
| Hourly | $10.07 | $12.47 | $13.66 |
| Southwestern Annual | $18,875 | $28,267 | $32,963 |
| Hourly | $9.07 | $13.59 | $15.85 |
A dash '-' indicates that information is not available for this occupation or area.
Metro Areas refer to Metropolitan Statistical Areas.
Regions refer to Workforce Investment Areas.
For more detailed information about New Mexico wages visit the Occupational Employment Statistics program website.
Information displayed represents annual 2010 wages.
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New Mexico
2008 to 2018
In 2008 there were about 1,570 workers in this occupation in New Mexico. The Department of Workforce Solutions estimates that by 2018 this number will have no growth by about -2 percent and an estmated 1,530 will be employed in this occupation. Compared to other occupations, employment growth in this occupation is declining. Job opportunities indicate few and keen competition, as there should be about 0 openings each year for workers in this occupation.
In the Table click on the "+" sign to expand/collapse areas
| Area | Estimated Employment 2008 | Projected Employment 2018 | Annual Percent Change | Total Annual Average Openings |
|---|---|---|---|---|
| New Mexico | 1,570 | 1,530 | -0.24% | 0 |
| + Metro Areas | ||||
| Albuquerque | 870 | 860 | -0.17% | 0 |
| Farmington | 150 | 150 | -0.34% | 0 |
| Las Cruces | 100 | 90 | -0.73% | 0 |
| Santa Fe | - | - | - | - |
| + Regions | ||||
| Central | 870 | 860 | -0.17% | 0 |
| Eastern | 180 | 180 | -0.11% | 0 |
| Northern | 320 | 320 | -0.09% | 0 |
| Southwestern | 160 | 150 | -0.13% | 0 |
A dash '-' indicates that information is not available for this occupation or area.
Metro Areas refer to Metropolitan Statistical Areas.
Regions refer to Workforce Investment Areas.
Loan Interviewers and Clerks usually need Associate's Degree (or other 2-year degree).
| Education Level | Percentage |
|---|---|
| Associate's Degree (or other 2-year degree) | 40% |
| High School Diploma (or GED or High School Equivalence Certificate) | 28% |
| Some College Courses | 15% |
| Post-Secondary Certificate - awarded for training completed after high school (for example, in Personnel Services, Engineering-related Technologies, Vocational Home Economics, Construction Trades, Mechanics and Repairers, Precision Production Trades) | 14% |
| Bachelor's Degree | 4% |
Information based on O*NET data and is the result of a national survey.
Use this list to find educational opportunities for this occupation. Contact the specific schools directly to find out application requirements and program availability.
In the table click on the "+" sign to expand/collapse areas.
| + Bency Associates IT Computer Training | ||
|---|---|---|
| Website:http://www.bency.com | ||
| Type | Standardized Program Title | |
| Postsec. Awards/Cert./Diplomas; 1-2 yrs. | Banking and Financial Support Services | |
| + Central New Mexico Community College | ||
| Website:http://www.cnm.edu/ | ||
| Type | Standardized Program Title | |
| Associate's Degree | Banking and Financial Support Services | |
| Postsec. Awards/Cert./Diplomas; 1-2 yrs. | Banking and Financial Support Services | |
| + Central New Mexico Community College-Mon | ||
| Website:http://www.cnm.edu/campus/montoya/index.php | ||
| Type | Standardized Program Title | |
| Associate's Degree | Banking and Financial Support Services | |
| Postsec. Awards/Cert./Diplomas; 1-2 yrs. | Banking and Financial Support Services | |
| + Central New Mexico Community College-Sou | ||
| Website:http://www.cnm.edu/svc/index.php | ||
| Type | Standardized Program Title | |
| Associate's Degree | Banking and Financial Support Services | |
| Postsec. Awards/Cert./Diplomas; 1-2 yrs. | Banking and Financial Support Services | |
| + Central New Mexico Community College-Wes | ||
| Website:http://www.cnm.edu/campus/westside/index.php | ||
| Type | Standardized Program Title | |
| Associate's Degree | Banking and Financial Support Services | |
| Postsec. Awards/Cert./Diplomas; 1-2 yrs. | Banking and Financial Support Services | |
| + Central New Mexico Community College-Wo | ||
| Website:http://www.cnm.edu/campus/wtc/index.php | ||
| Type | Standardized Program Title | |
| Associate's Degree | Banking and Financial Support Services | |
| Postsec. Awards/Cert./Diplomas; 1-2 yrs. | Banking and Financial Support Services | |
| + Western New Mexico University | ||
| Website:http://www.wnmu.edu/ | ||
| Type | Standardized Program Title | |
| Associate's Degree | Banking and Financial Support Services | |
This list is updated once a year and is compiled from the NM Department of Higher Education and other sources.
| License Title | Contact | Year | Number issued |
|---|---|---|---|
| Registered Mortgage Company | Financial Institutions Division 2550 Cerrillos Road, 3rd Floor, Santa Fe, NM 87505 (505) 547-4885 www.rld.state.nm.us/FID/index.html | 2010 | 574 |
Other available certificates or credentials may also be desirable. Additional local licenses or permits may be required, and individual businesses may have specific employment requirements. Licensing information is collected through a variety of New Mexico-based resources and does NOT include federal licensing requirements.
| Applied Mathematics | Applied Technology | Listening | Locating Information | Obersvation | Reading for Information | Teamwork | Writing |
|---|---|---|---|---|---|---|---|
| 5 | 0 | 3 | 4 | 5 | 4 | 5 | 3 |
For further information on WorkKeys please visit the ACT-WorkKeys website. Skill levels are provided for individuals who know thier scores.
| Industry | Percent of Employed |
|---|---|
| Credit Intermediation and Related Activities | 84.3% |
| Educational Services | * |
| Insurance Carriers and Related Activities | * |
| Management of Companies and Enterprises | * |
| Professional, Scientific, and Technical Services | * |
| Securities, Commodity Contracts, and Other Financial Investm | * |
| Self-Employed Workers, Primary Job | 2.2% |
* Data is confidential.
Source: NMDWS, Economic Research and Analysis Bureau
- Administrative Assistant
- Closer
- Closing Agent
- Closing Coordinator
- Credit Clerk
- Disbursement Clerk
- Document Coordinator
- Document Processor
- Eligibility Clerk
- Funding Specialist
- Inspector, Loan
- Investigator
- Loan Analyst
- Loan Assistant
- Loan Clerk
- Loan Closer
- Loan Coordinator
- Loan Counselor
- Loan Expediter
- Loan Interviewer, Mortgage
- Loan Officer
- Loan Originator
- Loan Processing Supervisor
- Loan Processor
- Loan Representative
- Loan Secretary
- Mortgage Broker
- Mortgage Clerk
- Mortgage Closing Clerk
- Mortgage Loan Closer
- Mortgage Loan Officer
- Mortgage Loan Processor
- Mortgage Processing Clerk
- Mortgage Processor
- Mortgage Underwriter
- Office Manager
- Opener
- Post Closer
- Processing Manager
- Processor
- Production Assistant
- Retail Mortgage Processor
- Sales Support Specialist
- Underwriter