Will “Loan Auditor” be Replaced By Robots? 🤔

100 % Chance of Automation

“Loan Auditor” will definitely be replaced by robots.

This job is ranked #686 out of #702, where higher means 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 “Loan Auditor”

Provide special services such as investment banking for clients with more specialized needs.
Prepare reports to send to customers whose accounts are delinquent, and forward irreconcilable accounts for collector action.
Meet with applicants to obtain information for loan applications and to answer questions about the process.
Compute payment schedules.
Petition courts to transfer titles and deeds of collateral to banks.
Work with clients to identify their financial goals and to find ways of reaching those goals.
Negotiate payment arrangements with customers who have delinquent loans.
Stay abreast of new types of loans and other financial services and products to better meet customers' needs.
Arrange for maintenance and liquidation of delinquent properties.
Supervise loan personnel.
Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
Review loan agreements to ensure that they are complete and accurate according to policy.
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.
Review and update credit and loan files.
Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information.
Set credit policies, credit lines, procedures and standards in conjunction with senior managers.
Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
Submit applications to credit analysts for verification and recommendation.
Interview, hire, and train new employees.
Analyze potential loan markets and develop referral networks to locate prospects for loans.
Confer with underwriters to aid in resolving mortgage application problems.
Handle customer complaints and take appropriate action to resolve them.

Related Technology & Tools

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

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