Will “Corporate Banking Officer” be Replaced By Robots? 🤔

100 % Chance of Automation

“Corporate Banking 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…

Tasks for “Corporate Banking Officer”

Confer with underwriters to aid in resolving mortgage application problems.
Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information.
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.
Stay abreast of new types of loans and other financial services and products to better meet customers' needs.
Handle customer complaints and take appropriate action to resolve them.
Market bank products to individuals and firms, promoting bank services that may meet customers' 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.
Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
Submit applications to credit analysts for verification and recommendation.
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.
Supervise loan personnel.
Petition courts to transfer titles and deeds of collateral to banks.
Arrange for maintenance and liquidation of delinquent properties.
Meet with applicants to obtain information for loan applications and to answer questions about the process.
Interview, hire, and train new employees.
Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
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.

Related Technology & Tools

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

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