How to Become a Consumer Loan Servicing Clerk

Step 1: Understand the job description and responsibilities of a Consumer Loan Servicing Clerk

What does a Consumer Loan Servicing Clerk do?

A Consumer Loan Servicing Clerk performs routine administrative tasks to support the consumer loan servicing group. Tasks include verifying thoroughness and accuracy of documents, processing payments and maintaining payment file of delinquent loans. Being a Consumer Loan Servicing Clerk requires a high school diploma or its equivalent. Typically reports to a supervisor. To be a Consumer Loan Servicing Clerk typically requires 3-5 years of related experience. Has gained proficiency in multiple competencies relevant to the job. Works independently within established procedures associated with the specific job function.

People's Opinions on Consumer Loan Servicing Clerk responsibilities

A Consumer Loan Servicing clerk is an entry-level position in the field of consumer financing and lending.

12/28/2019: Baton Rouge, LA

People in this position assist the consumer loan servicing team with administration and proofing, ensuring that all information on submitted documents is accurate and thorough, as well as process and maintaining payments schedules on active loans.

01/17/2020: Vincennes, IN

At the most basic level, the Consumer Loan Servicing Clerk is responsible for performing a specific set of duties that have been outlines to them by a supervisor, and include coordinating between Consumer Loan staff, filing and administration, as well as maintaining a payment file on delinquent loans.

01/23/2020: Schenectady, NY

Most Consumer Loan Servicing Clerks work for financial companies and whether it is a small, single state credit union, or a large, international bank or mortgage firm, the level of professionalism is the same.

02/10/2020: Clarksville, TN

As an entry-level position, the salary that Consumer Loan Servicing clerks make is dynamic, with raises being commonplace for performance and initiative, and the prospect of promotion promising further salary increases.

12/12/2019: Fort Wayne, IN
Read all People's Opinions Submit your opinion

Step 2: Learn best tips to become a Consumer Loan Servicing Clerk

Best tips for those who want to become a Consumer Loan Servicing Clerk

Here are some tips to become a Consumer Loan Servicing Clerk.

Step 3: View best colleges and universities for Consumer Loan Servicing Clerk

Best colleges and universities for Consumer Loan Servicing Clerk

  • Florida Southern College
  • Colby College
  • Dartmouth College
  • University of Notre Dame
  • Western Washington University
  • Canisius College

Step 4: Think about whether is it worth to be a Consumer Loan Servicing Clerk

Is being a Consumer Loan Servicing Clerk Worth it?

People's Opinions on lifestyles

A Consumer Loan Servicing clerk is an entry-level position in the field of consumer financing and lending.

02/02/2020: Riverside, CA

People in this position assist the consumer loan servicing team with administration and proofing, ensuring that all information on submitted documents is accurate and thorough, as well as process and maintaining payments schedules on active loans.

03/03/2020: Saint Cloud, MN

Most Consumer Loan Servicing Clerks work for financial companies and whether it is a small, single state credit union, or a large, international bank or mortgage firm, the level of professionalism is the same.

12/14/2019: Montgomery, AL

As an entry-level position, the salary that Consumer Loan Servicing clerks make is dynamic, with raises being commonplace for performance and initiative, and the prospect of promotion promising further salary increases.

12/23/2019: Beaumont, TX

Consumer Loan Servicing Managers are an integral part of the Loan application process, working not only with the support and administrative staff to coordinate and streamline the process of lending.

02/27/2020: Saint Paul, MN
Read all People's Opinions Submit your opinion

Step 5: Prepare relevant skills for being a Consumer Loan Servicing Clerk

What skills do you need to be a Consumer Loan Servicing Clerk?

Supporting level roles often require a broad range of skills to ensure jobs can be executed accurately and efficiently.  Some of the more relevant day-to-day skills for this role include: Loan Servicing, Payment Processing, Quality Assurance Process, Transaction Monitoring.  In this role, you should command of the following: Loan Software.  Success in this function is highly dependant upon these skills, as well as others specific to each individual company.

People's Opinions on Consumer Loan Servicing Clerk skills

It is the loan clerk who does most of the preparation of paperwork and administrative duties related to the loan, and depending on the size of the financial institution, may have more or fewer duties as required.

02/17/2020: Washington, DC

Consumer loan servicing clerks are regarded as entry-level positions, but still within the accounting or financial industry, meaning they are ideal for gaining experience.

12/04/2019: Nashville, TN
Read all People's Opinions Submit your opinion

Step 6: View average salary for Consumer Loan Servicing Clerk

How much does a Consumer Loan Servicing Clerk make?

The average salary range for a Consumer Loan Servicing Clerk is from $38,805 to $50,259. The salary will change depending on your location, job level, experience, education, and skills.

Salary range for a Consumer Loan Servicing Clerk
$38,805 to $50,259

Step 7: Find relevant Consumer Loan Servicing Clerk jobs, and apply.

Looking for Consumer Loan Servicing Clerk jobs?

Here are some Consumer Loan Servicing Clerk jobs in the United States.

Search Consumer Loan Servicing Clerk Jobs in the United States

Step 8: Explore Career Path of Consumer Loan Servicing Clerk

Step 8: Explore Career Path of Consumer Loan Servicing Clerk? Consumer Loan Servicing Clerk III