Loan Officers
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, loan underwriters, and payday loan officers.
274,330 people do this job in the US. $76,690 a year.
of the working time. Estimate.
- 84%
- 16%
- 0%
Measured, from Anthropic's usage data (2025). Counts help on part of a task.
On the chosen pace and reliability. Estimate.
Share of the working time within reach, now to 2030
What each choice means: , , , , . Every pace starts from .
At this date and pace, models finish tasks up to 4.4 h long four times in five.
How far this has come
With GPT-4, measured in March 2023, 0% of this job's working time was within reach at . With Claude 3.7 Sonnet, measured in February 2025, 2%. With Claude Mythos Preview (early), measured in April 2026, 72%. Today's estimate: 77%.
A backcast: today's task data with the best model METR had measured by each date. It shows how fast the models have moved, not what anyone forecast at the time.
The tasks
Sorted by . 30 tasks from .
| Task | Kind | |||
|---|---|---|---|---|
| Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.Done daily by most who do it. | 15% | 1.3 h25 min to 2.5 h | 87%Half by now | |
| Work with clients to identify their financial goals and to find ways of reaching those goals.Done more than weekly by most who do it. | 7% | 50 min25 min to 1.7 h | 99%Half by now | |
| Meet with applicants to obtain information for loan applications and to answer questions about the process.Done daily by most who do it. | 7% | 38 min17 min to 1.3 h | Stays with people | |
| Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information.Done more than weekly by most who do it. | 5% | 38 min17 min to 1.7 h | 98%Half by now | |
| Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.Done daily by most who do it. AI observed on this task. | 5% | 25 min13 min to 50 min | 100%Half by now | |
| Stay abreast of new types of loans and other financial services and products to better meet customers' needs.Done more than monthly by most who do it. | 5% | 50 min25 min to 2.5 h | 95%Half by now | |
| Analyze potential loan markets and develop referral networks to locate prospects for loans.Done more than weekly by most who do it. AI observed on this task. | 5% | 1.7 h50 min to 4.2 h | 82%Half by now | |
| Supervise loan personnel.Done daily by most who do it. | 5% | 50 min25 min to 2.5 h | Stays with people | |
| Review accounts to determine write-offs for collection agencies. | 4% | 1.3 h25 min to 2.5 h | 87%Half by now | |
| Set credit policies, credit lines, procedures and standards in conjunction with senior managers.Done more than yearly by most who do it. | 4% | 5 h1.7 h to 2.1 work days | 15%Half by Jun 2027 | |
| Review and update credit and loan files.Done daily by most who do it. | 4% | 21 min8 min to 42 min | 100%Half by now | |
| Market bank products to individuals and firms, promoting bank services that may meet customers' needs.Done daily by most who do it. AI observed on this task. | 3% | 50 min25 min to 2.5 h | 95%Half by now |
Within reach, per task: the share of the task's time whose instances are short enough for a model to finish at the chosen date, pace and reliability. Half by: the date half of that time comes within reach.
Jobs that share skills with this one
From O*NET's related occupations. Within reach now and by the end of 2028, long-run pace, four in five.
- Loan Interviewers and Clerks82% now, 83% by 2028
- Credit Counselors73% now, 73% by 2028
- Credit Analysts47% now, 99% by 2028
- Credit Authorizers, Checkers, and Clerks75% now, 86% by 2028
- Personal Financial Advisors66% now, 90% by 2028
- Securities, Commodities, and Financial Services Sales Agents59% now, 87% by 2028
Where this job works
The industry groups that employ the most of it (BLS, May 2025).
Where the most of these jobs are
The metro areas with the most people in it (BLS, May 2025).