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