Will “Commercial Banker” be Replaced By Robots? 🤔

100 % Chance of Automation

“Commercial Banker” 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 “Commercial Banker”

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

Related Technology & Tools

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

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