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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
- Banking Services Officer
- Bank Representative
- Bank Officer
- Agricultural Loan Officer
Tasks for “Branch Account Executive”
- Prepare reports to send to customers whose accounts are delinquent, and forward irreconcilable accounts for collector action.
- Negotiate payment arrangements with customers who have delinquent loans.
- Arrange for maintenance and liquidation of delinquent properties.
- Meet with applicants to obtain information for loan applications and to answer questions about the process.
- Confer with underwriters to aid in resolving mortgage application problems.
- Analyze potential loan markets and develop referral networks to locate prospects for loans.
- 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.
- Compute payment schedules.
- Submit applications to credit analysts for verification and recommendation.
- Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
- Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
- 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.
- Petition courts to transfer titles and deeds of collateral to banks.
- Provide special services such as investment banking for clients with more specialized needs.
- Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information.
- Review and update credit and loan files.
- Review loan agreements to ensure that they are complete and accurate according to policy.
- Handle customer complaints and take appropriate action to resolve them.
- Supervise loan personnel.
Related Technology & Tools
- Tablet computers
- Personal digital assistants PDA
- Notebook computers
- Desktop computers
- Personal computers
- Scanners
- 1003 Uniform Residential Loan Application
- FAS Loan Service Plus
- Experian Retention Triggers
- eCredit Enterprise
- Ellie Mae Genesis
- Fair Isaac Capstone Decision Manager
- eOriginal eCore Business Suite
- CGI-AMS BureauLink Enterprise
- Equifax Application Engine
- Harland Interlinq MortgageWare
- Microsoft PowerPoint
- Experian Credinomics
- Moody's KMV Risk Advisor
- Microsoft Word
- Experian Detect
- Ellie Mae Contour
- Fair Isaac Falcon ID
- CGI-AMS CACS Enterprise
- Technicost LOS
- Fannie Mae Desktop Underwriter
- Fair Isaac Application Risk Model Software
- California Infinite LPS
- QuikDraw Loan Management System
- RealBenefits Amortization Loan
- Microsoft Excel
- Common business oriented language COBOL
- Loan origination software
- Calyx Point
- The Mortgage Office Loan Origination
- IBM Notes
- Delphi Discovery
- Microsoft Outlook
- Financial Industry Computer Systems Loan Accountant
- White Clarke North America Credit Adjudication and Lending Management
- Loan application processing software
- Moody's KMV Risk Analyst
- Experian Strategy Management
- Equifax InterConnect
- Amortization loan software
- Equifax Advanced Decisioning
- Moody's KMV CreditEdge
- Credit and risk analysis software
- Web browser software
- Click1003 Online Mortgage Application
- Plimus Loan Artist
- IA Systems StreamLend
- Opportunity management system OMS
- Dynamic Loanledger
- Wolters Kluwer Financial Services ComplianceOne
- LA PRO Loan Administrator Pro
- Credit underwriting software
- Harland Financial Solutions DecisionPro
- Dun and Bradstreet Global DecisionMaker
- Experian Transact SM
- Bottom Line LoanMaster Loan Servicing
- Freddie Mac Loan Prospector
- Indus Lending Solutions
- Moody's KMV Decisions
- LexisNexis
- Financial Industry Computer Systems Loan Producer
- Bankers Systems Rembrandt Lending System
- Experian Quest
- Financial Industry Computer Systems Loan Originator
- Moody's KMV Financial Analyst
- Customer information control system CICS
- CGI-AMS Strata
- Credit fraud detection software
- Experian FraudShield
- The Mortgage Office Loan Servicing
- VueCentric MortgageDashboard
- Microsoft Office
- Integra Destiny Loan Origination