Will “Mortgage Consultant” be Replaced By Robots? 🤔

100 % Chance of Automation

“Mortgage Consultant” 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 “Mortgage Consultant”

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

Related Technology & Tools

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

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