Loan Officers

Comments (3)

Will "Loan Officers" be replaced by AI & Robots?

It's highly likely this occupation will be replaced by robots/AI. However, our poll is less clear, and shows a 60% chance of automation within the next couple of decades.

Automation Risk Level

You are doomed

or 98% probability of automation

Projected Growth


by 2024

Median Annual Wage


or $30.60 hourly

People Employed


as of 2016

Most likely
Least likely

How this compares with other jobs: 673 out of 706

Cast Your Vote

How likely do you think this occupation will be taken over by robots/AI within the next 20 years?

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.

SOC Code: 13-2072

If you're thinking of starting a new career, or looking to change jobs, we've created a handy job search tool which might just help you land that perfect new role.

Search jobs in your local area


Al C. (Could go either way) says
There is no way for a Mortgage Loan Officer to go away anytime soon. A Mortgage is to complicated to not have an actual person walk some one through the process from start to finish. Automation is great to bring in customers but not to complete the transaction together.
Dec 26, 2019 at 09:18 PM
Joe (No chance) says
There is a large social aspect associated with the job. In addition, there are a lot of legal and other various parts of the job that are hard to automate.
Jul 10, 2019 at 09:02 PM
Matt (No chance) says
There is no entry for a mortgage loan officer.

Consumer loan officers like credit card or unsecured debt peddlers might be automated. In a lot of regards they already are.

But if you're going to say that mortgage lending is going away just look at quicken mortgage. Their model is the future.
Apr 15, 2019 at 12:21 PM

Leave a reply about this occupation

Your email address will not be published.
Email (optional)