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The differences between credit assistants and mortgage analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a credit assistant and a mortgage analyst. Additionally, a credit assistant has an average salary of $33,741, which is higher than the $32,763 average annual salary of a mortgage analyst.
The top three skills for a credit assistant include data entry, financial statements and customer service. The most important skills for a mortgage analyst are origination, financial statements, and excellent organizational.
| Credit Assistant | Mortgage Analyst | |
| Yearly salary | $33,741 | $32,763 |
| Hourly rate | $16.22 | $15.75 |
| Growth rate | -5% | 4% |
| Number of jobs | 5,294 | 22,208 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 71% |
| Average age | 39 | 39 |
| Years of experience | 2 | 2 |
A credit assistant is responsible for processing credit requests and assisting customers. They usually answer inquiries, explain procedures, provide instructions, and deal with customer concerns. In some companies, a credit assistant is also in charge of providing support to managers, supervisors, or investigators by preparing and processing documents, handling calls and correspondence, arranging appointments, and coordinating with different departments. They may also participate in training new employees.
Mortgage analysts are financial professionals who are responsible for executing mortgage or loan applications by assessing financial risks and rewards. These analysts are required to analyze the financial and supporting documents on incoming applications to determine whether they are consistent with the internal and insurer policies. They must determine their borrowers' creditworthiness by evaluating property values based on appraised market prices. Mortgage analysts should also collaborate with credit bureaus and reporting agencies to investigate the credit ratings of loan applicants.
Credit assistants and mortgage analysts have different pay scales, as shown below.
| Credit Assistant | Mortgage Analyst | |
| Average salary | $33,741 | $32,763 |
| Salary range | Between $26,000 And $43,000 | Between $13,000 And $77,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | California | New York |
| Best paying company | Carter Lumber | Citi |
| Best paying industry | Finance | - |
There are a few differences between a credit assistant and a mortgage analyst in terms of educational background:
| Credit Assistant | Mortgage Analyst | |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between credit assistants' and mortgage analysts' demographics:
| Credit Assistant | Mortgage Analyst | |
| Average age | 39 | 39 |
| Gender ratio | Male, 20.4% Female, 79.6% | Male, 54.1% Female, 45.9% |
| Race ratio | Black or African American, 7.9% Unknown, 2.7% Hispanic or Latino, 9.7% Asian, 10.7% White, 68.7% American Indian and Alaska Native, 0.3% | Black or African American, 8.2% Unknown, 2.7% Hispanic or Latino, 9.8% Asian, 9.6% White, 69.3% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |