Will “Real Estate Officer” be Replaced By Robots? 🤔

100 % Chance of Automation

“Real Estate 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 “Real Estate Officer”

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.
Arrange for maintenance and liquidation of delinquent properties.
Market bank products to individuals and firms, promoting bank services that may 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.
Compute payment schedules.
Set credit policies, credit lines, procedures and standards in conjunction with senior managers.
Petition courts to transfer titles and deeds of collateral to banks.
Review and update credit and loan files.
Confer with underwriters to aid in resolving mortgage application problems.
Review loan agreements to ensure that they are complete and accurate according to policy.
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.
Supervise loan personnel.
Negotiate payment arrangements with customers who have delinquent loans.
Provide special services such as investment banking for clients with more specialized needs.
Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information.
Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
Prepare reports to send to customers whose accounts are delinquent, and forward irreconcilable accounts for collector action.
Work with clients to identify their financial goals and to find ways of reaching those goals.
Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.

Related Technology & Tools

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

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