Will “Relationship Manager” be Replaced By Robots? 🤔

100 % Chance of Automation

“Relationship 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…

Tasks for “Relationship Manager”

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

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

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