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”

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

Related Technology & Tools

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

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