Credit clerks contact applicants, credit bureaus, and other sources for information, and verify the completeness of loan documents. Credit authorizers refer to credit records and reports to decide whether to approve a customer's credit card purchase. Clerks in credit bureaus secure, update, and verify information for credit reports. These workers are often called credit investigators or reporters. Clerks in banks and other financial institutions process loan and credit applications.
Some clerks verify employment and financial information of credit card applicants.
Loan processing clerks prepare loan applications for underwriters. They review loan applications, contact credit bureaus and reporting agencies for applicant records, and contact employers, banks, and references to verify personal and financial information. Clerks order appraisals from appraisal companies and secure tax forms, bank statements, and any required government forms from applicants. If any information in the loan package is inaccurate or incomplete, clerks contact the proper source for further information. Closing clerks obtain and prepare documents needed for real estate settlements.