Loan Clerks
Official O*NET title: Loan Interviewers and Clerks (43-4131.00)
Also called: licensed loan officer assistant, loan analyst, loan assistant, loan clerk, loan originator
Do you do this at work?
Answer each card — it takes about a minute.
Do you do this at work?
Assemble and compile documents for loan closings
Swipe right for yes, left for not me. On a keyboard: → yes, ← not me, Z undo. +2 XP per answer.
How AI is changing loan clerks work
3 of 18 measurable main tasks for this job show up in real AI-use data, so we rate it Green (little AI use yet) — 17%.
This shows where people already use AI, not whether the job will disappear. How we measure this.
Tasks in this job and recorded AI use
- Assemble and compile documents for loan closings (main task) — some recorded AI use
- Calculate, review, and correct errors on interest, principal, payment, and closing costs, using computers or calculators (main task) — some recorded AI use
- Schedule and conduct closings of mortgage transactions (main task) — some recorded AI use
- Interview loan applicants to obtain personal and financial data and to assist in completing applications (main task) — no recorded AI use
- Answer questions and advise customers regarding loans and transactions (main task) — no recorded AI use
- Submit loan applications with recommendation for underwriting approval (main task) — no recorded AI use
- Verify and examine information and accuracy of loan application and closing documents (main task) — no recorded AI use
- Record applications for loan and credit, loan information, and disbursements of funds, using computers (main task) — no recorded AI use
- Check value of customer collateral to be held as loan security (main task) — no recorded AI use
- Contact customers by mail, telephone, or in person concerning acceptance or rejection of applications (main task) — no recorded AI use
- Prepare and type loan applications, closing documents, legal documents, letters, forms, government notices, and checks, using computers (main task) — no recorded AI use
- Order property insurance or mortgage insurance policies to make sure protection against loss on mortgaged property (main task) — no recorded AI use
- Accept payment on accounts (main task) — no recorded AI use
- Present loan and repayment schedules to customers (main task) — no recorded AI use
- Review customer accounts to determine whether payments are made on time and that other loan terms are being followed (main task) — no recorded AI use
- Establish credit limits and grant extensions of credit on overdue accounts (main task) — no recorded AI use
- File and maintain loan records (main task) — no recorded AI use
- Contact credit bureaus, employers, and other sources to check applicants' credit and personal references (main task) — no recorded AI use
Tasks: O*NET 31.0. AI use: Anthropic Economic Index (exact or close text match).
Your first steps (guidance)
- Week 1: Open a free AI assistant and say hello. Follow our “Getting started with AI” guide. Ask it one simple question about your work.
- Week 2: Use AI on one task you do often. Try the prompt for: “Assemble and compile documents for loan closings”. Try the prompt for: “Calculate, review, and correct errors on interest, principal, payment, and closing costs, using computers or calculators”.
Tick your own tasks above to get a plan based on what you really do. The first 2 weeks are free; Premium (coming soon) adds weeks 3–12. New to AI? Read our beginner’s guide.
Questions about AI and loan clerks
Will AI replace loan clerks?
Our data can’t predict job losses, and we don’t try to. What it does show: 3 of the 18 main tasks for this job match tasks people already use AI for (Anthropic Economic Index), giving a Green rating (little AI use yet). Using AI on a task is not the same as AI doing the whole job, and 15 of the 18 listed tasks show no recorded AI use yet.
Which loan clerk tasks is AI used for most?
In the data, the most AI use among this job’s tasks is for: assemble and compile documents for loan closings; calculate, review, and correct errors on interest, principal, payment, and closing costs, using computers or calculators; schedule and conduct closings of mortgage transactions.
Which loan clerk tasks show little or no AI use?
For example: 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. These are good places to keep building your own skills.
How does this job compare to others?
In Microsoft Research’s “Working with AI” study, this job’s AI applicability score is equal to or higher than 85% of the occupations they scored. That measures overlap with AI chat use, not risk of job loss.
How can a loan clerk start learning AI?
Start small: open a free AI assistant, try it on one task you do often, and always check facts and numbers yourself. The plan on this page is guidance, not professional advice.
See how this job ranks
Loan Clerks ranks #386 of 572 jobs for the share of main tasks with AI use (#1 = most), and #26 of 34 in Office & Admin.
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