Credit representative vs mortgage analyst

The differences between credit representatives 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 representative and a mortgage analyst. Additionally, a credit representative has an average salary of $39,268, which is higher than the $32,763 average annual salary of a mortgage analyst.

The top three skills for a credit representative include customer service, customer accounts and patients. The most important skills for a mortgage analyst are origination, financial statements, and excellent organizational.

Credit representative vs mortgage analyst overview

	Credit Representative	Mortgage Analyst
Yearly salary	$39,268	$32,763
Hourly rate	$18.88	$15.75
Growth rate	-8%	4%
Number of jobs	73,520	22,208
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 47%	Bachelor's Degree, 71%
Average age	39	39
Years of experience	2	2

What does a credit representative do?

Credit representatives are professionals who analyze the credit data and the financial statements of firms or individuals for the determination of the risk in lending money or extending credit. The representatives are tasked to prepare reports with credit information used in decision making. They manage credit files and process credit reports from different credit reporting sources. They also mentor and coach credit representatives newly hired in corporate procedures and policies. Also, they expand collection procedures and policies to lessen DSO parameter risk.

What does a mortgage analyst do?

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 representative vs mortgage analyst salary

Credit representatives and mortgage analysts have different pay scales, as shown below.

	Credit Representative	Mortgage Analyst
Average salary	$39,268	$32,763
Salary range	Between $28,000 And $54,000	Between $13,000 And $77,000
Highest paying City	White Plains, NY	New York, NY
Highest paying state	New York	New York
Best paying company	Systemax	Citi
Best paying industry	Construction	-

Differences between credit representative and mortgage analyst education

There are a few differences between a credit representative and a mortgage analyst in terms of educational background:

	Credit Representative	Mortgage Analyst
Most common degree	Bachelor's Degree, 47%	Bachelor's Degree, 71%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Credit representative vs mortgage analyst demographics

Here are the differences between credit representatives' and mortgage analysts' demographics:

	Credit Representative	Mortgage Analyst
Average age	39	39
Gender ratio	Male, 29.5% Female, 70.5%	Male, 54.1% Female, 45.9%
Race ratio	Black or African American, 8.3% Unknown, 2.7% Hispanic or Latino, 10.0% Asian, 7.8% White, 71.0% 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%

Differences between credit representative and mortgage analyst duties and responsibilities

Credit representative example responsibilities.

Manage portfolio utilizing AS400 and GetPaid systems.
Manage all credit files and process credit reports from various credit reporting sources including TRW and Dunn & Bradstreet.
Manage customer relations with internal personnel, group administrators, brokers and members as related to Medicare insurance.
Apply customer credit card and ACH payments.
Perform the posting of checks refunds and credit cards into the AS400 database.
Collect invoices through wire payment, ACH payments, and overnight mail options.

Mortgage analyst example responsibilities.

Manage a pipeline of fund TRID loans for completeness so they can be deliver and purchase by the required investor.
Examine bankruptcy documentation for possible misrepresentation of employment and income at the time of origination.
Review loan documents relating to origination, collateral valuations and perform accounting audits & research.
Work closely with attorneys on daily basis to discuss need documents and possible mitigation or litigation strategies on foreclosure and bankruptcy matters
Cite for excellence in interpersonal communications, teamwork, QC review, flexibility and reliability.

Credit representative vs mortgage analyst skills

Common credit representative skills

Customer Service, 22%
Customer Accounts, 6%
Patients, 5%
Credit Card Payments, 4%
Credit Balances, 4%
Payment Arrangements, 4%

Common mortgage analyst skills

Origination, 10%
Financial Statements, 8%
Excellent Organizational, 6%
Strong Analytical, 5%
Real Estate, 5%
Investor Guidelines, 4%

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Credit Representative
Credit Representative vs Mortgage Analyst

Updated January 8, 2025

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