How To Become A Mortgage Analyst: What It Is and Career Path

What is a mortgage analyst and how to become one

Updated January 8, 2025

3 min read

Quoted expert

Robert Hoyt, Ph.D.

A Mortgage Analyst is a financial specialist who is tasked with the investigation and analysis of mortgage and loan applications for financial and other supporting information and documents with the purpose of determining the applicant's economic stability and abilities.

Amongst other things, they are meant to interview and aid applicants throughout the entire process of applying and submitting for a loan or mortgage, calculating their credit score, help with real estate purchases, gather and analyze lots of information, including salaries, savings, debts, and daily and annual expenses, and should be able to organize these applications.

A person hoping to begin work as a Mortgage Analyst should generally have a Bachelor's degree, at least, in a field such as Finance. Previous experience in a similar role is preferred, and excellent analytical, statistical, communication, and mathematical skills are key to the position, as well as proficiency in the use of various financial and loan-related software and networks.

What's a day at work look like for a mortgage analyst?

Robert Hoyt, Ph.D.

Department Head and Dudley L. Moore Jr. Chair of Insurance, University of Georgia

They are training for it now. Due to pandemic restrictions, they are taking classes in a hybrid environment with less face-to-face class time integrated with virtual interaction. Some of their classmates are restricted to their home countries and are joining virtually throughout the class. Group work in our courses is always important, but now they are having to working in teams through virtual platforms. This is how business will be done and it will be increasingly global given the convenience of engaging virtually without the cost of travel. In my opinion, the future work environment in insurance is going to look a lot like how we are educating students currently. However, thankfully, without the masks and with more opportunities for face-to-face socializing with clients and colleagues. As I note in more detail below, I think geographic limits will be much less important going forward due to the ability to be effective through virtual platforms and much more flexibility around where and when we work with be the norm.

ScoreMortgage AnalystUS Average

Salary

2.6

Avg. Salary $32,763

Avg. Salary $59,228

Stability level

6.0

Growth rate 4%

Growth rate 0.3%

Diversity

5.7

Race

American Indian and Alaska Native 0.27%

Asian 9.64%

Black or African American 8.24%

Hispanic or Latino 9.84%

Unknown 2.69%

White 69.32%

Gender

female 45.86%

male 54.14%

Age - 38

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 38

Stress level

6.0

Stress level is manageable

7.1 - high

Complexity level

8.0

Complexity level is challenging

7 - challenging

Work life balance

6.4

Work life balance is fair

6.4 - fair

Key steps to become a mortgage analyst

Explore mortgage analyst education requirements

Most common mortgage analyst degrees

Bachelor's

71.1 %

Associate

12.0 %

Master's

7.7 %

Start to develop specific mortgage analyst skills

Skills	Percentages
Origination	9.97%
Financial Statements	7.87%
Excellent Organizational	6.27%
Strong Analytical	5.08%
Real Estate	4.79%

Complete relevant mortgage analyst training and internships

Accountants spend an average of 1-3 months on post-employment, on-the-job training. New mortgage analysts learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a mortgage analyst based on U.S. Bureau of Labor Statistics data and data from real mortgage analyst resumes.

Research mortgage analyst duties and 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

Prepare your mortgage analyst resume

When your background is strong enough, you can start writing your mortgage analyst resume.

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