Will “Loan Supervisor” be Replaced By Robots? 🤔
100 % Chance of Automation
“Loan Supervisor” 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 Specialist
- Loan Servicing Specialist
- Loan Service Officer
- Loan Reviewer
- 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 Supervisor”
- Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information.
- Arrange for maintenance and liquidation of delinquent properties.
- Review loan agreements to ensure that they are complete and accurate according to policy.
- Meet with applicants to obtain information for loan applications and to answer questions about the process.
- 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.
- Prepare reports to send to customers whose accounts are delinquent, and forward irreconcilable accounts for collector action.
- Set credit policies, credit lines, procedures and standards in conjunction with senior managers.
- Negotiate payment arrangements with customers who have delinquent loans.
- Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
- 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.
- Submit applications to credit analysts for verification and recommendation.
- Compute payment schedules.
- 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.
- Review and update credit and loan files.
- Petition courts to transfer titles and deeds of collateral to banks.
- Confer with underwriters to aid in resolving mortgage application problems.
- Work with clients to identify their financial goals and to find ways of reaching those goals.
- Interview, hire, and train new employees.
- Stay abreast of new types of loans and other financial services and products to better meet customers' needs.
- Supervise loan personnel.
Related Technology & Tools
- Desktop computers
- Personal computers
- Notebook computers
- Personal digital assistants PDA
- Scanners
- Tablet computers
- Loan origination software
- California Infinite LPS
- FAS Loan Service Plus
- White Clarke North America Credit Adjudication and Lending Management
- CGI-AMS Strata
- Experian Detect
- Moody's KMV Decisions
- eOriginal eCore Business Suite
- Indus Lending Solutions
- Ellie Mae Contour
- Credit underwriting software
- Financial Industry Computer Systems Loan Accountant
- Delphi Discovery
- Fair Isaac Capstone Decision Manager
- Loan application processing software
- Equifax Advanced Decisioning
- Experian Quest
- The Mortgage Office Loan Origination
- Microsoft Outlook
- Integra Destiny Loan Origination
- 1003 Uniform Residential Loan Application
- Bankers Systems Rembrandt Lending System
- Experian Credinomics
- Equifax Application Engine
- Web browser software
- Technicost LOS
- VueCentric MortgageDashboard
- Moody's KMV Risk Advisor
- Microsoft Word
- Financial Industry Computer Systems Loan Originator
- Experian Retention Triggers
- Microsoft PowerPoint
- Opportunity management system OMS
- Experian FraudShield
- Financial Industry Computer Systems Loan Producer
- Ellie Mae Genesis
- IBM Notes
- The Mortgage Office Loan Servicing
- Fair Isaac Falcon ID
- Bottom Line LoanMaster Loan Servicing
- Experian Strategy Management
- Moody's KMV Financial Analyst
- Freddie Mac Loan Prospector
- Credit fraud detection software
- Equifax InterConnect
- LexisNexis
- Harland Financial Solutions DecisionPro
- Amortization loan software
- Plimus Loan Artist
- Dynamic Loanledger
- Dun and Bradstreet Global DecisionMaker
- CGI-AMS BureauLink Enterprise
- Moody's KMV CreditEdge
- Click1003 Online Mortgage Application
- CGI-AMS CACS Enterprise
- Harland Interlinq MortgageWare
- eCredit Enterprise
- Common business oriented language COBOL
- QuikDraw Loan Management System
- Fair Isaac Application Risk Model Software
- Microsoft Excel
- Calyx Point
- Customer information control system CICS
- LA PRO Loan Administrator Pro
- IA Systems StreamLend
- Microsoft Office
- Fannie Mae Desktop Underwriter
- RealBenefits Amortization Loan
- Credit and risk analysis software
- Experian Transact SM
- Moody's KMV Risk Analyst
- Wolters Kluwer Financial Services ComplianceOne