Will “Banking Services Officer” be Replaced By Robots? 🤔
100 % Chance of Automation
“Banking Services Officer” will definitely be replaced by robots.
This job is ranked #686 out of #702. A higher ranking (i.e., a lower number) means the job is less likely to be replaced.
Care to share? Click for Facebook, Twitter, LinkedIn, or XING. 👍
Job Description
Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
Job Details
- The SOC (Standard Occupational Classification) code is 13-2072.00
- The Mean Annual Wage in the U.S. is $ 76,260.00
- The Mean Hourly Wage is $ 36.00
- Currently, there are 305,700 people on this job
☝️ Information based on the reference occupation “Loan Officers”.
Also Known As…
- Loan Officers
- Relationship Manager
- Portfolio Manager
- Mortgage Loan Originator
- Mortgage Loan Officer
- Loan Officer
- Corporate Banking Officer
- Commercial Loan Officer
- Commercial Banker
- Business Banking Officer
- Branch Manager
- Small Business Banking Officer
- Real Estate Officer
- Real Estate Loan Officer
- Personal Loan Specialist
- Personal Banking Officer
- Mortgage Underwriter
- Mortgage Specialist
- Mortgage Originator
- Mortgage or Loan Underwriter
- Mortgage Loan Closer
- Mortgage Consultant
- Mortgage Closer
- Mortgage Broker
- Mortgage Banker
- Loan Workout Officer
- Loan Supervisor
- Loan Specialist
- Loan Servicing Specialist
- Loan Service Officer
- Loan Reviewer
- Loan Originator
- Loan Interviewer
- Loan Examiner
- Loan Counselor
- Loan Coordinator
- Loan Consultant
- Loan Auditor
- Loan Approver
- Loan Analyst
- Loan Adviser
- Loan Administrator
- Lender
- Home Lending Officer
- Farm Loan Representative
- Escrow Officer
- Consumer Loan Officer
- Commercial Mortgage Broker
- Commercial Loan Collection Officer
- Commercial Lender
- Business Banker
- Branch Lending Officer
- Branch Banker
- Branch Account Manager
- Branch Account Executive
- Bank Representative
- Bank Officer
- Agricultural Loan Officer
Tasks for “Banking Services Officer”
- Analyze potential loan markets and develop referral networks to locate prospects for loans.
- Prepare reports to send to customers whose accounts are delinquent, and forward irreconcilable accounts for collector action.
- Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
- Review loan agreements to ensure that they are complete and accurate according to policy.
- Petition courts to transfer titles and deeds of collateral to banks.
- Arrange for maintenance and liquidation of delinquent properties.
- Interview, hire, and train new employees.
- Market bank products to individuals and firms, promoting bank services that may meet customers' needs.
- Set credit policies, credit lines, procedures and standards in conjunction with senior managers.
- Work with clients to identify their financial goals and to find ways of reaching those goals.
- Provide special services such as investment banking for clients with more specialized needs.
- Review and update credit and loan files.
- Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
- Stay abreast of new types of loans and other financial services and products to better meet customers' needs.
- Compute payment schedules.
- Meet with applicants to obtain information for loan applications and to answer questions about the process.
- Negotiate payment arrangements with customers who have delinquent loans.
- Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information.
- Supervise loan personnel.
- Confer with underwriters to aid in resolving mortgage application problems.
- Submit applications to credit analysts for verification and recommendation.
- Handle customer complaints and take appropriate action to resolve them.
- Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
Related Technology & Tools
- Desktop computers
- Personal computers
- Scanners
- Tablet computers
- Notebook computers
- Personal digital assistants PDA
- Freddie Mac Loan Prospector
- FAS Loan Service Plus
- Loan application processing software
- Wolters Kluwer Financial Services ComplianceOne
- Microsoft Excel
- California Infinite LPS
- Delphi Discovery
- Equifax Advanced Decisioning
- Moody's KMV Risk Advisor
- Credit fraud detection software
- Plimus Loan Artist
- eOriginal eCore Business Suite
- Experian Transact SM
- The Mortgage Office Loan Origination
- VueCentric MortgageDashboard
- Financial Industry Computer Systems Loan Originator
- Indus Lending Solutions
- LA PRO Loan Administrator Pro
- Ellie Mae Genesis
- Credit and risk analysis software
- Equifax InterConnect
- eCredit Enterprise
- Bottom Line LoanMaster Loan Servicing
- Harland Financial Solutions DecisionPro
- White Clarke North America Credit Adjudication and Lending Management
- IBM Notes
- Microsoft Outlook
- QuikDraw Loan Management System
- Customer information control system CICS
- Experian Quest
- CGI-AMS CACS Enterprise
- 1003 Uniform Residential Loan Application
- Moody's KMV CreditEdge
- Moody's KMV Risk Analyst
- LexisNexis
- Ellie Mae Contour
- The Mortgage Office Loan Servicing
- CGI-AMS BureauLink Enterprise
- Experian Detect
- RealBenefits Amortization Loan
- Opportunity management system OMS
- Equifax Application Engine
- Experian Strategy Management
- Moody's KMV Financial Analyst
- Fair Isaac Falcon ID
- Common business oriented language COBOL
- Integra Destiny Loan Origination
- Fannie Mae Desktop Underwriter
- Fair Isaac Application Risk Model Software
- Bankers Systems Rembrandt Lending System
- Fair Isaac Capstone Decision Manager
- Experian FraudShield
- Financial Industry Computer Systems Loan Accountant
- Microsoft Word
- Calyx Point
- Web browser software
- Financial Industry Computer Systems Loan Producer
- Dun and Bradstreet Global DecisionMaker
- Amortization loan software
- Experian Credinomics
- Dynamic Loanledger
- Microsoft PowerPoint
- IA Systems StreamLend
- Harland Interlinq MortgageWare
- Moody's KMV Decisions
- Microsoft Office
- Click1003 Online Mortgage Application
- CGI-AMS Strata
- Credit underwriting software
- Technicost LOS
- Experian Retention Triggers
- Loan origination software