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