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Career and Education Opportunities for Loan Inspectors in Rancho Cucamonga, California

Loan inspector career and educational opportunities abound in Rancho Cucamonga, California. Currently, 39,600 people work as loan inspectors in California. This is expected to shrink 6% to about 37,300 people by 2016. This is not quite as good as the nation as a whole, where employment opportunities for loan inspectors are expected to grow by about 4.3%. Loan inspectors generally 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.

Income for loan inspectors is about $17 hourly or $37,310 yearly on average in California. Nationally, their income is about $15 hourly or $32,470 per year. Compared with people working in the overall category of Clerical, people working as loan inspectors in California earn more. They earn more than people working in the overall category of Clerical nationally.

There is one school within twenty-five miles of Rancho Cucamonga where you can study to be a loan inspector, among twenty-seven schools of higher education total in the Rancho Cucamonga area. The most common level of education for loan inspectors is an Associate's, or other 2-year degree. You can expect to spend about two years studying to be a loan inspector if you already have a high school diploma.

CAREER DESCRIPTION: Loan Inspector

Loan Inspector video from the State of New Jersey Dept. of Labor and Workforce Development

In general, loan inspectors 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. They also review loan papers to ensure completeness, and complete transactions between loan establishment, borrowers, and sellers upon approval of loan.

Loan inspectors verify and examine data and precision of loan application and closing documents. They also answer questions and advise customers regarding loans and transactions. Equally important, loan inspectors have to calculate and correct errors on interest and closing costs, using computers or calculators. They are often called upon to assemble and compile documents for loan closings, such as title abstracts and tax receipts. They are expected to ready and type loan applications and checks, using computers. Finally, loan inspectors file and maintain loan archives.

Every day, loan inspectors are expected to be able to articulate ideas and problems. They need to listen to and understand others in meetings.

It is important for loan inspectors to accept payment on accounts. They are often called upon to contact credit bureaus and other sources so as to check applicants' credit and personal references. They also interview loan applicants so as to obtain personal and financial data, and to help in completing applications. They are sometimes expected to check value of customer collateral to be held as loan security. Somewhat less frequently, loan inspectors are also expected to establish credit limits and grant extensions of credit on overdue accounts.

They also have to be able to record applications for loan and credit and disbursements of funds, using computers and inspect customer accounts in order to establish whether payments are made on time and that other loan terms are being followed. And finally, they sometimes have to answer questions and advise customers regarding loans and transactions.

Like many other jobs, loan inspectors must be reliable and be thorough and dependable.

Similar jobs with educational opportunities in Rancho Cucamonga include:

  • Bank Teller. Receive and pay out money. Keep records of money and negotiable instruments involved in a financial institution's various transactions.
  • Bookkeeper. Compute, classify, and record numerical data to keep financial records complete. Perform any combination of routine calculating, posting, and verifying duties to obtain primary financial data for use in maintaining accounting records. May also check the accuracy of figures, calculations, and postings pertaining to business transactions recorded by other workers.
  • Library Clerk. Compile records, sort and shelve books, and issue and receive library materials such as pictures, cards, slides and microfilm. Locate library materials for loan and replace material in shelving area, stacks, or files according to identification number and title. Register patrons to permit them to borrow books, periodicals, and other library materials.
  • Secretary. Perform routine clerical and administrative functions such as drafting correspondence, scheduling appointments, organizing and maintaining paper and electronic files, or providing information to callers.
  • Store Clerk. Receive, store, and issue sales floor merchandise. Stock shelves, racks, and tables with merchandise and arrange merchandise displays to attract customers. May periodically take physical count of stock or check and mark merchandise.

EDUCATIONAL OPPORTUNITIES: Loan Inspector Training

Chaffey College - Rancho Cucamonga, CA

Chaffey College, 5885 Haven Ave, Rancho Cucamonga, CA 91737-3002. Chaffey College is a large college located in Rancho Cucamonga, California. It is a public school with primarily 2-year programs and has 20,486 students. Chaffey College has a two to four year program in Banking and Financial Support Services.

CERTIFICATIONS

Certified Forensic Interviewer: The objective of this certification program is to create comprehensive, universally accepted professional standards combined with an objective measure of an interviewer's knowledge of those standards.

For more information, see the Center for Interviewer Standards and Assessment Ltd. website.

LOCATION INFORMATION: Rancho Cucamonga, California

Rancho Cucamonga, California
Rancho Cucamonga, California photo by Sfan00_IMG

Rancho Cucamonga is situated in San Bernardino County, California. It has a population of over 171,176, which has grown by 34.0% in the past ten years. The cost of living index in Rancho Cucamonga, 128, is far greater than the national average. New single-family homes in Rancho Cucamonga are valued at $207,800 on average, which is far less than the state average. In 2008, one hundred fifty-nine new homes were built in Rancho Cucamonga, down from five hundred eighty-three the previous year.

The top three industries for women in Rancho Cucamonga are educational services, health care, and finance and insurance. For men, it is construction, public administration, and educational services. The average commute to work is about 32 minutes. More than 23.3% of Rancho Cucamonga residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 7.3%, is lower than the state average.

The unemployment rate in Rancho Cucamonga is 9.2%, which is less than California's average of 12.3%.

The percentage of Rancho Cucamonga residents that are affiliated with a religious congregation, 42.0%, is less than both the national and state average. Alta Loma Christian Church, Grace Fellowship Church and The Lords House are all churches located in Rancho Cucamonga. The largest religious groups are the Catholic Church, the Southern Baptist Convention and the LDS (Mormon) Church.

Rancho Cucamonga is home to the Etiwanda Fire Station and the John Rains House as well as Victoria Groves Park and Hermosa Park. Shopping malls in the area include Alta Loma Plaza Shopping Center, Alta Loma Square Shopping Center and AltaLoma Country Village Shopping Center.