Also called: Loan Clerk
Gathers the documents and paperwork needed to close loans.
You request a borrower's tax returns, order an appraisal and make sure every page is in the loan file.
Approximate: anchored on Bureau of Labor Statistics data for a broader job group.
High school diploma, about 0 years after high school. A high school diploma plus on-the-job training at a bank or mortgage lender; some states require mortgage processors to be licensed.
Ways in: On-the-job training. Training cost: Under $15k.
Shrinking (about -5% over 10 years). Declining with digital loan applications.
High risk for 10 years. Document collection, verification and checklist work are what AI loan platforms automate first; openings are shrinking.
Age 18+. One way to start: Apply to banks, credit unions and mortgage lenders for loan processor assistant roles
Classes: Computer applications, Business CTE class, Personal finance, Keyboarding.
Official data: O*NET occupation 43-4131.
Career Universe is an early version. Pay, training and AI-risk figures are estimates to start your own research, not verified facts. The research was written with AI research assistants, checked by validation scripts and spot-checked by hand. Check anything important with schools, employers and official sources. How the numbers work.