Will “Business Banker” be Replaced By Robots? 🤔

100 % Chance of Automation

“Business Banker” 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…

Tasks for “Business Banker”

Stay abreast of new types of loans and other financial services and products to better meet customers' needs.
Supervise loan personnel.
Analyze potential loan markets and develop referral networks to locate prospects for loans.
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.
Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
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.
Compute payment schedules.
Provide special services such as investment banking for clients with more specialized needs.
Arrange for maintenance and liquidation of delinquent properties.
Submit applications to credit analysts for verification and recommendation.
Set credit policies, credit lines, procedures and standards in conjunction with senior managers.
Interview, hire, and train new employees.
Meet with applicants to obtain information for loan applications and to answer questions about the process.
Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
Market bank products to individuals and firms, promoting bank services that may meet customers' needs.
Petition courts to transfer titles and deeds of collateral to banks.
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.
Negotiate payment arrangements with customers who have delinquent loans.
Prepare reports to send to customers whose accounts are delinquent, and forward irreconcilable accounts for collector action.
Review loan agreements to ensure that they are complete and accurate according to policy.

Related Technology & Tools

Scanners
Desktop computers
Personal digital assistants PDA
Tablet computers
Notebook computers
Personal computers

CGI-AMS CACS Enterprise
Dun and Bradstreet Global DecisionMaker
CGI-AMS Strata
Financial Industry Computer Systems Loan Producer
Delphi Discovery
Moody's KMV CreditEdge
Experian Detect
Moody's KMV Financial Analyst
eOriginal eCore Business Suite
Equifax InterConnect
Equifax Advanced Decisioning
Microsoft Word
IA Systems StreamLend
Microsoft Outlook
Equifax Application Engine
Experian FraudShield
Customer information control system CICS
LexisNexis
Fannie Mae Desktop Underwriter
Opportunity management system OMS
Bankers Systems Rembrandt Lending System
Amortization loan software
Fair Isaac Application Risk Model Software
Technicost LOS
Microsoft Office
Credit underwriting software
Common business oriented language COBOL
RealBenefits Amortization Loan
Bottom Line LoanMaster Loan Servicing
Harland Financial Solutions DecisionPro
QuikDraw Loan Management System
Integra Destiny Loan Origination
FAS Loan Service Plus
Experian Retention Triggers
1003 Uniform Residential Loan Application
Moody's KMV Risk Advisor
IBM Notes
Financial Industry Computer Systems Loan Accountant
Loan origination software
CGI-AMS BureauLink Enterprise
Microsoft PowerPoint
Fair Isaac Capstone Decision Manager
Microsoft Excel
Ellie Mae Contour
Loan application processing software
Experian Quest
Calyx Point
California Infinite LPS
Financial Industry Computer Systems Loan Originator
Freddie Mac Loan Prospector
Click1003 Online Mortgage Application
The Mortgage Office Loan Servicing
Moody's KMV Risk Analyst
Plimus Loan Artist
LA PRO Loan Administrator Pro
Experian Strategy Management
Dynamic Loanledger
VueCentric MortgageDashboard
Harland Interlinq MortgageWare
Wolters Kluwer Financial Services ComplianceOne
Web browser software
eCredit Enterprise
Indus Lending Solutions
Moody's KMV Decisions
Fair Isaac Falcon ID
Experian Credinomics
Ellie Mae Genesis
Experian Transact SM
Credit and risk analysis software
Credit fraud detection software
White Clarke North America Credit Adjudication and Lending Management
The Mortgage Office Loan Origination