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”

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

Related Technology & Tools

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

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