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.
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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
- 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 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 “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