Loan Officers
Business and Financial OperationsAI Impact Assessment
This job is relatively safe from AI automation and may even benefit from AI tools.
Loan Officers with an AI automation risk score of 16%. Analysis includes 17 core tasks.
Why This Score?
- Work environment requires human interaction and presence
Responsibilities and Abilities
Key Responsibilities
- Getting Information
- Evaluating Information to Determine Compliance with Standards
- Establishing and Maintaining Interpersonal Relationships
- Processing Information
- Analyzing Data or Information
Required Abilities
- Oral Comprehension
- Written Comprehension
- Oral Expression
- Written Expression
- Near Vision
Key Tasks
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.
Review and update credit and loan files.
Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting 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.
Meet with applicants to obtain information for loan applications and to answer questions about the process.
Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
Safer Career Pivots
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Data Sources
Analysis based on O*NET data