Loan Officers: how much of the work does AI already do?

What this means for your search

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Median pay

$76,690

What the job involves

• Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
• 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.
• Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.

Related jobs that pay more or are less exposed

Chosen by overlap in skills and knowledge with loan officers, so the move uses what you already know.

• Insurance Underwriters

  Pays about $5,000 more (median $81,370). AI use is lower: 6% of tasks.

• Budget Analysts

  Pays about $15,000 more (median $91,640). AI use is lower: 7% of tasks.

• Personal Financial Advisors

  Pays about $28,000 more (median $105,070).

• Investment Fund Managers

  Pays about $90,000 more (median $166,570).

• Credit Analysts

  Pays about $7,000 more (median $83,510).

Compare with a related job

• Loan Officers vs Financial Managers: AI exposure, pay and openings
• Loan Officers vs Personal Financial Advisors: AI exposure, pay and openings
• Loan Officers vs Insurance Underwriters: AI exposure, pay and openings
• Loan Officers vs Securities, Commodities, and Financial Services Sales Agents: AI exposure, pay and openings
• Loan Officers vs Credit Authorizers, Checkers, and Clerks: AI exposure, pay and openings

Prompts to run on your own résumé in any AI assistant

Has your employer filed layoff notices?

A separate question from AI exposure. This checks public WARN filings for the company you work for.

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Questions

Will AI replace loan officers?

This data cannot say. It measures how much of the work AI is already used for today: 19% of the tasks, which is some. It is not a forecast of job loss.

How is the number worked out?

Share of this job’s tasks that AI is already used for at work, from real usage. It is not a forecast of job loss, and a low number means no use seen yet. Source: Anthropic Economic Index, March 2026.

What do loan officers earn?

The national median is $76,690 a year (Bureau of Labor Statistics).

Exposure: Anthropic Economic Index, March 2026. Pay and growth: Bureau of Labor Statistics. Tasks and skills: O*NET. All jobs.