Loan Officers

98%
Vote
Comment
Developments

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 67% chance of automation within the next couple of decades.

Automation Risk Level

You are doomed

or 98% probability of automation

Projected Growth

8%

by 2024

Median Annual Wage

$63,650

or $30.60 hourly

People Employed

305,700

as of 2016

Compare
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

Comments

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Your email address will not be published.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

Have your say

Tom on Psychologists, All Other

he he on Graphic Designers

John Doe on Writers and Authors

Kwise on Sheet Metal Workers

Matthew J Watson on Bakers

Copied