Will “Branch Lending Officer” be Replaced By Robots? 🤔
100 % Chance of Automation
“Branch Lending 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 Banker
- Branch Account Manager
- Branch Account Executive
- Banking Services Officer
- Bank Representative
- Bank Officer
- Agricultural Loan Officer
Tasks for “Branch Lending Officer”
- 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.
- Submit applications to credit analysts for verification and recommendation.
- Interview, hire, and train new employees.
- Supervise loan personnel.
- Market bank products to individuals and firms, promoting bank services that may meet customers' needs.
- Handle customer complaints and take appropriate action to resolve them.
- Set credit policies, credit lines, procedures and standards in conjunction with senior managers.
- Stay abreast of new types of loans and other financial services and products to better meet customers' needs.
- Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
- Arrange for maintenance and liquidation of delinquent properties.
- Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
- Confer with underwriters to aid in resolving mortgage application problems.
- Provide special services such as investment banking for clients with more specialized needs.
- 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.
- Petition courts to transfer titles and deeds of collateral to banks.
- 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.
- Work with clients to identify their financial goals and to find ways of reaching those goals.
- Compute payment schedules.
- Meet with applicants to obtain information for loan applications and to answer questions about the process.
- Review and update credit and loan files.
Related Technology & Tools
- Desktop computers
- Notebook computers
- Tablet computers
- Personal digital assistants PDA
- Scanners
- Personal computers
- RealBenefits Amortization Loan
- Equifax Application Engine
- Technicost LOS
- Fair Isaac Falcon ID
- Experian Transact SM
- Web browser software
- Common business oriented language COBOL
- Loan origination software
- Financial Industry Computer Systems Loan Originator
- Loan application processing software
- Bottom Line LoanMaster Loan Servicing
- IA Systems StreamLend
- LA PRO Loan Administrator Pro
- CGI-AMS Strata
- Experian Quest
- eCredit Enterprise
- Harland Financial Solutions DecisionPro
- Delphi Discovery
- Credit fraud detection software
- IBM Notes
- Moody's KMV Risk Advisor
- Wolters Kluwer Financial Services ComplianceOne
- Financial Industry Computer Systems Loan Accountant
- Opportunity management system OMS
- Fannie Mae Desktop Underwriter
- Experian Credinomics
- The Mortgage Office Loan Origination
- Bankers Systems Rembrandt Lending System
- 1003 Uniform Residential Loan Application
- Customer information control system CICS
- Credit underwriting software
- eOriginal eCore Business Suite
- Microsoft Office
- Moody's KMV Risk Analyst
- Indus Lending Solutions
- Freddie Mac Loan Prospector
- Moody's KMV CreditEdge
- Fair Isaac Application Risk Model Software
- Calyx Point
- California Infinite LPS
- Amortization loan software
- VueCentric MortgageDashboard
- The Mortgage Office Loan Servicing
- Experian FraudShield
- FAS Loan Service Plus
- CGI-AMS CACS Enterprise
- CGI-AMS BureauLink Enterprise
- Microsoft PowerPoint
- Plimus Loan Artist
- Microsoft Excel
- Dun and Bradstreet Global DecisionMaker
- Click1003 Online Mortgage Application
- Ellie Mae Contour
- Moody's KMV Decisions
- Moody's KMV Financial Analyst
- White Clarke North America Credit Adjudication and Lending Management
- Financial Industry Computer Systems Loan Producer
- Microsoft Outlook
- LexisNexis
- Fair Isaac Capstone Decision Manager
- Experian Detect
- Harland Interlinq MortgageWare
- Credit and risk analysis software
- Equifax InterConnect
- Equifax Advanced Decisioning
- Experian Strategy Management
- Ellie Mae Genesis
- QuikDraw Loan Management System
- Experian Retention Triggers
- Integra Destiny Loan Origination
- Dynamic Loanledger
- Microsoft Word