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”

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

Related Technology & Tools

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

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