Loan Officers
The short answer
This job is expected to meaningfully change. AI can already assist with or automate many of its tasks. In New York State, the number of these jobs is expected to hold steady over the next decade, with about 1,102 openings expected each year.
Where your job stands
Compared with other New York jobs, this one is in the most exposed fifth for how much AI could touch it. That doesn't mean the job goes away—it means more of its tasks are the kind AI can help with.
How much AI could touch this job
Looking at the job itself, AI could help with more than half of this job's tasks.
What this means
Compared with other New York jobs, this one is in the most exposed fifth, out of 656 jobs we could rank. Read more in the methodology.
What AI can and can’t help with in this job
The score comes from the real, day-to-day tasks of this job—not a guess about the job as a whole. Below are the tasks that matter most in this job, split by whether AI can help with them.
AI can help with or automate about 97% of the tasks in this job.
Tasks AI can help with or automate
Meet with applicants to obtain information for loan applications and to answer questions about the process.
AI could help, but needs extra software
Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
AI could help, but needs extra software
Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
AI could help, but needs extra software
Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
AI could do much of this on its own
Submit applications to credit analysts for verification and recommendation.
AI could help, but needs extra software
Tasks AI can't do much of
Supervise loan personnel.
AI is unlikely to speed this up
Jobs you could switch to
If you're thinking about a change, these are jobs your experience already fits—related work you could move into. Pick your area to see local options.
See related jobs in
The closest matches by the skills they use—each has projected openings in New York State, pays within reach of your job now, and is no more exposed to AI than your job. Each card shows what the move would take.
Personal Financial Advisors
Very similar work+74% pay3,181 openings/yrLess exposed than your job nowPays about 74% more—$169,190 vs your $97,313 here.
What the move takes
Usually requires a bachelor's degree, plus long-term on-the-job training.
Getting ready typically takes two to four years.
Skills you already have
- Customer and Personal Service
- Oral Expression
- Economics and Accounting
- Active Listening
- Speaking
New skills to build
- Systems Evaluation
- Psychology
- Therapy and Counseling
- Systems Analysis
- Management of Financial Resources
Insurance Underwriters
Very similar work+2% pay748 openings/yrAbout as exposed as your job nowPays about 2% more—$99,085 vs your $97,313 here.
What the move takes
Usually requires a bachelor's degree, plus moderate-term on-the-job training.
Getting ready typically takes two to four years.
Skills you already have
- Customer and Personal Service
- Written Comprehension
- Active Listening
- Inductive Reasoning
- Critical Thinking
Your current skills largely cover this move.
Credit Analysts
Very similar work+39% pay622 openings/yrAbout as exposed as your job nowPays about 39% more—$135,507 vs your $97,313 here.
What the move takes
Usually requires a bachelor's degree.
Getting ready typically takes two to four years.
Skills you already have
- Oral Expression
- Economics and Accounting
- Oral Comprehension
- Written Comprehension
- Mathematics
New skills to build
- Mathematical Reasoning
- Number Facility
Accountants and Auditors
Very similar work+7% pay11,542 openings/yrAbout as exposed as your job nowPays about 7% more—$104,363 vs your $97,313 here.
What the move takes
Usually requires a bachelor's degree.
Getting ready typically takes two to four years.
Skills you already have
- Oral Comprehension
- Oral Expression
- Economics and Accounting
- Written Comprehension
- Reading Comprehension
Your current skills largely cover this move.
Financial Examiners
Very similar work+35% pay1,381 openings/yrLess exposed than your job nowPays about 35% more—$131,085 vs your $97,313 here.
What the move takes
Usually requires a bachelor's degree, plus long-term on-the-job training.
Getting ready typically takes two to four years.
Skills you already have
- Oral Comprehension
- Oral Expression
- Near Vision
- Economics and Accounting
- Active Listening
New skills to build
- Systems Evaluation
- Monitoring
- Systems Analysis
- Category Flexibility
- Operations Analysis
Financial Managers
Similar work+130% pay8,296 openings/yrLess exposed than your job nowPays about 130% more—$223,566 vs your $97,313 here.
What the move takes
Usually requires a bachelor's degree, with 5 years or more of experience.
Getting ready typically takes two to four years.
Skills you already have
- Customer and Personal Service
- Oral Comprehension
- Oral Expression
- Economics and Accounting
- Active Listening
New skills to build
- Management of Financial Resources
- Administration and Management
- Systems Evaluation
- Monitoring
- Systems Analysis
Securities, Commodities, and Financial Services Sales Agents
Similar work+75% pay6,214 openings/yrAbout as exposed as your job nowPays about 75% more—$169,877 vs your $97,313 here.
What the move takes
Usually requires a bachelor's degree, plus moderate-term on-the-job training.
Getting ready typically takes two to four years.
Skills you already have
- Customer and Personal Service
- Economics and Accounting
- Oral Comprehension
- Oral Expression
- Mathematics
New skills to build
- Systems Evaluation
- Management of Financial Resources