Will “Escrow Representative” be Replaced By Robots? 🤔
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“Escrow Representative” will definitely be replaced by robots.
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Job Description
Analyze credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with credit information for use in decision making.
Job Details
- The SOC (Standard Occupational Classification) code is 13-2041.00
- The Mean Annual Wage in the U.S. is $ 81,160.00
- The Mean Hourly Wage is $ 39.00
- Currently, there are 72,930 people on this job
☝️ Information based on the reference occupation “Credit Analysts”.
Also Known As…
- Credit Analysts
- Underwriter
- Risk Analyst
- Credit Risk Analyst
- Credit Representative
- Credit Manager
- Credit and Collections Analyst
- Credit Analyst
- Credit Administrator
- Analyst
- Loan Review Analyst
- Loan Officer
- Financing Analyst
- Financial Analyst
- Factorer
- Credit Specialist
- Credit Negotiator
- Credit Assessment Analyst
Tasks for “Escrow Representative”
- Analyze financial data such as income growth, quality of management, and market share to determine expected profitability of loans.
- Generate financial ratios, using computer programs, to evaluate customers' financial status.
- Prepare reports that include the degree of risk involved in extending credit or lending money.
- Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.
- Evaluate customer records and recommend payment plans based on earnings, savings data, payment history, and purchase activity.
- Consult with customers to resolve complaints and verify financial and credit transactions.
- Confer with credit association and other business representatives to exchange credit information.
- Review individual or commercial customer files to identify and select delinquent accounts for collection.
- Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
- Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
Related Technology & Tools
- Desktop computers
- Notebook computers
- Scanners
- 10-key calculators
- Personal computers
- Moody's KMV Risk Analyst
- SAS
- CGI-AMS Strata
- Equifax InterConnect
- Experian FraudShield
- Dun and Bradstreet Global DecisionMaker
- Equifax Application Engine
- Experian Strategy Management
- Fair Isaac Application Risk Model Software
- Fair Isaac Falcon ID
- Fair Isaac Capstone Decision Manager
- Experian Credinomics
- Structured query language SQL
- CGI-AMS BureauLink Enterprise
- eCredit Enterprise
- Moody's KMV CreditEdge
- Credit and risk analysis software
- Microsoft Excel
- Credit fraud detection software
- Experian Quest
- Experian Transact SM
- SAP
- Oracle JD Edwards EnterpriseOne
- CGI-AMS CACS Enterprise
- Equifax Advanced Decisioning
- Credit adjudication and lending management system CALMS
- Microsoft Office
- Microsoft PowerPoint
- Moody's KMV Financial Analyst
- Moody's KMV Decisions
- Experian Detect
- Microsoft Word
- Experian Retention Triggers
- Moody's KMV Risk Advisor