Will “Corporate Banking Officer” be Replaced By Robots? 🤔
100 % Chance of Automation
“Corporate Banking Officer” will definitely be replaced by robots.
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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
- Commercial Loan Officer
- Commercial Banker
- Business Banking Officer
- Branch Manager
- Small Business Banking Officer
- Real Estate Officer
- Real Estate Loan Officer
- Personal Loan Specialist
- Personal Banking Officer
- 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
- Corporate Banking 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 “Corporate Banking Officer”
- 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.
- Review and update credit and loan files.
- Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
- Handle customer complaints and take appropriate action to resolve them.
- Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
- Analyze potential loan markets and develop referral networks to locate prospects for loans.
- Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
- Compute payment schedules.
- Supervise loan personnel.
- 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.
- Set credit policies, credit lines, procedures and standards in conjunction with senior managers.
- Provide special services such as investment banking for clients with more specialized needs.
- Arrange for maintenance and liquidation of delinquent properties.
- Confer with underwriters to aid in resolving mortgage application problems.
- Review loan agreements to ensure that they are complete and accurate according to policy.
- Negotiate payment arrangements with customers who have delinquent loans.
- Interview, hire, and train new employees.
- Petition courts to transfer titles and deeds of collateral to banks.
- Submit applications to credit analysts for verification and recommendation.
- Meet with applicants to obtain information for loan applications and to answer questions about the process.
- Market bank products to individuals and firms, promoting bank services that may meet customers' needs.
Related Technology & Tools
- Personal digital assistants PDA
- Notebook computers
- Desktop computers
- Tablet computers
- Personal computers
- Scanners
- IA Systems StreamLend
- White Clarke North America Credit Adjudication and Lending Management
- Fair Isaac Falcon ID
- Ellie Mae Contour
- CGI-AMS CACS Enterprise
- Technicost LOS
- Bankers Systems Rembrandt Lending System
- VueCentric MortgageDashboard
- Experian Transact SM
- Experian Retention Triggers
- Common business oriented language COBOL
- Web browser software
- LexisNexis
- Microsoft Outlook
- California Infinite LPS
- Harland Interlinq MortgageWare
- Moody's KMV Risk Advisor
- Experian Strategy Management
- LA PRO Loan Administrator Pro
- Amortization loan software
- Equifax InterConnect
- Moody's KMV Risk Analyst
- Bottom Line LoanMaster Loan Servicing
- Equifax Advanced Decisioning
- Moody's KMV Decisions
- Experian Quest
- Experian Credinomics
- FAS Loan Service Plus
- Moody's KMV Financial Analyst
- Wolters Kluwer Financial Services ComplianceOne
- CGI-AMS Strata
- Loan origination software
- Integra Destiny Loan Origination
- Click1003 Online Mortgage Application
- Plimus Loan Artist
- QuikDraw Loan Management System
- Dun and Bradstreet Global DecisionMaker
- Loan application processing software
- Equifax Application Engine
- Fair Isaac Capstone Decision Manager
- Calyx Point
- Indus Lending Solutions
- Financial Industry Computer Systems Loan Originator
- CGI-AMS BureauLink Enterprise
- The Mortgage Office Loan Origination
- Credit and risk analysis software
- Experian FraudShield
- Opportunity management system OMS
- Moody's KMV CreditEdge
- Microsoft Office
- Fannie Mae Desktop Underwriter
- Microsoft Word
- Ellie Mae Genesis
- Credit underwriting software
- RealBenefits Amortization Loan
- Experian Detect
- eOriginal eCore Business Suite
- Delphi Discovery
- eCredit Enterprise
- Microsoft PowerPoint
- IBM Notes
- Financial Industry Computer Systems Loan Producer
- Financial Industry Computer Systems Loan Accountant
- Fair Isaac Application Risk Model Software
- Customer information control system CICS
- The Mortgage Office Loan Servicing
- Harland Financial Solutions DecisionPro
- Freddie Mac Loan Prospector
- Dynamic Loanledger
- Microsoft Excel
- Credit fraud detection software
- 1003 Uniform Residential Loan Application