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