This occupation has an extremely high probability of automation.
$40,300 annual wage
What they do
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.
Risk of automation
This occupation is 92.0% likely to be automated. It ranks 563 of 702 occupations analyzed (higher rank means higher likelihood).
People affected and economic value
In the US, 229,800 people have this job. They earn $40,300 per year on average (the mean annual wage). The occupation therefore represents $9,260,940,000 in annual economic value. The mean hourly wage for this occupation is $19.37.
Official growth forecast
This occupation is projected to grow 12.4% between 2016 and 2026. At this rate, there would be 258,200 people with this job at that time.
References and notes
This article uses data from "The Future of Employment" (PDF), a 2013 study from University of Oxford researchers, and US Bureau of Labor Statistics files including Standard Occupational Classification 2010 Definitions (XLS), May 2016 Occupational Employment Statistics (zip) and 2016-2026 Employment Projections (XLS).