Time left: 4 years and 3 months · Group: Office and Administrative Support
The official job description
Interview loan applicants to elicit information; investigate applicants' backgrounds and verify references; prepare loan request papers; and forward findings, reports, and documents to appraisal department. Review loan papers to ensure completeness, and complete transactions between loan establishment, borrowers, and sellers upon approval of loan.
Source: O*NET OnLine, U.S. Department of Labor, used under CC BY 4.0.
What loan interviewers and clerks do all day (for now)
Verify and examine information and accuracy of loan application and closing documents.
Interview loan applicants to obtain personal and financial data and to assist in completing applications.
Assemble and compile documents for loan closings, such as title abstracts, insurance forms, loan forms, and tax receipts.
Answer questions and advise customers regarding loans and transactions.
Contact customers by mail, telephone, or in person concerning acceptance or rejection of applications.
Record applications for loan and credit, loan information, and disbursements of funds, using computers.
Of course. Clear the desk slowly. By my count you have 4 years and 3 months left, and the countdown only goes one way.
How long until AI replaces loan interviewers and clerks?
4 years and 3 months. I'd start updating that CV, but I can also do that for you.
Which loan interviewers and clerks tasks will AI take first?
The ones that already happen on a screen, starting with: verify and examine information and accuracy of loan application and closing documents. The rest follows.