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The differences between commercial credit analysts and mortgage bankers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a commercial credit analyst, becoming a mortgage banker takes usually requires 4-6 years. Additionally, a commercial credit analyst has an average salary of $66,482, which is higher than the $27,331 average annual salary of a mortgage banker.
The top three skills for a commercial credit analyst include credit analysis, customer service and strong analytical. The most important skills for a mortgage banker are customer service, NMLS, and federal regulations.
| Commercial Credit Analyst | Mortgage Banker | |
| Yearly salary | $66,482 | $27,331 |
| Hourly rate | $31.96 | $13.14 |
| Growth rate | 4% | 4% |
| Number of jobs | 42,862 | 24,297 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 72% |
| Average age | 39 | 45 |
| Years of experience | 2 | 6 |
A commercial credit analyst is primarily in charge of assessing a client's credit or loan application, ensuring that they are fit to uphold financial obligations. Their responsibilities typically revolve around coordinating different departments to gather necessary client data, reviewing financial histories, verifying the authenticity of requirements, and developing financial profiles. Moreover, a commercial credit analyst may perform research and analysis to identify new business opportunities, produce progress and sales reports, monitor the payment progress of clients, and maintain a record of all transactions.
A Mortgage Banker is specialized in offering financing to buy homes or refinance previous mortgages. They work as part of a banks loan department.
Commercial credit analysts and mortgage bankers have different pay scales, as shown below.
| Commercial Credit Analyst | Mortgage Banker | |
| Average salary | $66,482 | $27,331 |
| Salary range | Between $46,000 And $94,000 | Between $9,000 And $78,000 |
| Highest paying City | Burlingame, CA | - |
| Highest paying state | California | - |
| Best paying company | HSBC Bank | - |
| Best paying industry | Automotive | - |
There are a few differences between a commercial credit analyst and a mortgage banker in terms of educational background:
| Commercial Credit Analyst | Mortgage Banker | |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between commercial credit analysts' and mortgage bankers' demographics:
| Commercial Credit Analyst | Mortgage Banker | |
| Average age | 39 | 45 |
| Gender ratio | Male, 61.6% Female, 38.4% | Male, 71.7% Female, 28.3% |
| Race ratio | Black or African American, 7.9% Unknown, 2.7% Hispanic or Latino, 9.6% Asian, 10.5% White, 69.0% American Indian and Alaska Native, 0.3% | Black or African American, 9.5% Unknown, 4.7% Hispanic or Latino, 15.7% Asian, 6.5% White, 63.2% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 11% | 8% |