SOC 13-2072
Loan Officers
Risk Score
โ ๏ธ68/100
High Risk
US Employment
๐ฅ290,530
Total workers
Median Wage
๐ฐ$74K
$38K โ $146K
Projected Growth
๐+1.7%
2023-2033 (BLS)
GenAI Exposure
๐ค95/100
High exposure
๐ก Loan Officers face a risk score of 68/100 โ 24 points above the national average of 44. With 95/100 GenAI exposure, this occupation faces significant pressure from AI tools despite strong projected growth. See our methodology โ
๐ก Workers in this field earn $74K ($28K above the national median). The 3 recommended career transitions all maintain competitive wages while reducing automation exposure. Explore transition paths โ
๐ AI Impact Analysis
With a risk score of 68/100, Loan Officers faces moderate automation pressure. While tasks like ai-powered research and literature review tools are increasingly handled by AI, the role retains significant human elements. The 290,530 workers in this occupation should focus on strengthening skills in strategic advisory requiring deep client relationship knowledge and navigating regulatory ambiguity and compliance judgment to stay ahead. The role will likely evolve rather than disappear.
Will AI Replace Loan Officers?
Read our full analysis with verdict, risk factors, safe tasks, and career transition paths โ
โ ๏ธ Top Risk Factors
AI-powered research and literature review tools
Algorithmic trading and AI portfolio management
Automated data interpretation and insight generation
Automated financial reporting and reconciliation
๐ก๏ธ Tasks Safe from Automation
Strategic advisory requiring deep client relationship knowledge
Navigating regulatory ambiguity and compliance judgment
Ethical judgment in fiduciary and advisory roles
๐ Task Automation Breakdown
Based on O*NET task analysis and GenAI exposure scoring. Shows the estimated proportion of this occupation's core tasks that are automatable by current AI, augmented by AI tools, or require essential human skills.
๐ O*NET Task Profile
Meet with applicants to obtain information for loan applications and to answer questions about the process.
Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
Submit applications to credit analysts for verification and recommendation.
๐ป Technology Skills
Financial analysis software
Accounting software
Information retrieval or search software
Development environment software
Transaction server software
๐ Key Knowledge Areas
Customer and Personal Service
Economics and Accounting
English Language
Mathematics
Sales and Marketing
๐ vs National Average
National avg: $46K
National avg: 44/100
National avg: 38/100
National avg: 3.7%
๐ Career Transition Paths
| Occupation | Risk | Wage | Overlap |
|---|---|---|---|
| Advertising, Marketing, Promotions, Public Relations, and Sales Managers | 16 | $145K | 69% |
| Lawyers, Judges, and Related Workers | 17 | $144K | 67% |
| Business Operations Specialists | 28 | $80K | 80% |