Will “Personal Banking Officer” be Replaced By Robots? 🤔

100 % Chance of Automation

“Personal Banking Officer” 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 “Personal Banking Officer”

Petition courts to transfer titles and deeds of collateral to banks.
Confer with underwriters to aid in resolving mortgage application problems.
Provide special services such as investment banking for clients with more specialized needs.
Interview, hire, and train new employees.
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.
Negotiate payment arrangements with customers who have delinquent loans.
Review and update credit and loan files.
Stay abreast of new types of loans and other financial services and products to better meet customers' needs.
Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
Set credit policies, credit lines, procedures and standards in conjunction with senior managers.
Review loan agreements to ensure that they are complete and accurate according to policy.
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.
Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
Analyze potential loan markets and develop referral networks to locate prospects for loans.
Market bank products to individuals and firms, promoting bank services that may meet customers' needs.
Compute payment schedules.
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.
Supervise loan personnel.
Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information.

Related Technology & Tools

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

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