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