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Mortgage Analyst Careers

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.

There is more than meets the eye when it comes to being a mortgage analyst. For example, did you know that they make an average of $24.78 an hour? That's $51,536 a year!

Between 2018 and 2028, the career is expected to grow 8% and produce 24,300 job opportunities across the U.S.

What Does a Mortgage Analyst Do

There are certain skills that many mortgage analysts have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed initiative, detail oriented and interpersonal skills.

When it comes to the most important skills required to be a mortgage analyst, we found that a lot of resumes listed 13.2% of mortgage analysts included financial statements, while 11.3% of resumes included loan portfolio, and 9.5% of resumes included ensure compliance. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the mortgage analyst job title. But what industry to start with? Most mortgage analysts actually find jobs in the finance and technology industries.

How To Become a Mortgage Analyst

If you're interested in becoming a mortgage analyst, one of the first things to consider is how much education you need. We've determined that 62.3% of mortgage analysts have a bachelor's degree. In terms of higher education levels, we found that 6.8% of mortgage analysts have master's degrees. Even though most mortgage analysts have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a mortgage analyst. When we researched the most common majors for a mortgage analyst, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on mortgage analyst resumes include master's degree degrees or high school diploma degrees.

You may find that experience in other jobs will help you become a mortgage analyst. In fact, many mortgage analyst jobs require experience in a role such as customer service representative. Meanwhile, many mortgage analysts also have previous career experience in roles such as loan officer or underwriter.

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Average Salary
$51,536
Average Salary
Job Growth Rate
8%
Job Growth Rate
Job Openings
14,032
Job Openings

Mortgage Analyst Career Paths

Top Careers Before Mortgage Analyst

Top Careers After Mortgage Analyst

Mortgage Analyst Jobs You Might Like

What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for a Mortgage Analyst

Mortgage Analysts in America make an average salary of $51,536 per year or $25 per hour. The top 10 percent makes over $93,000 per year, while the bottom 10 percent under $28,000 per year.
Average Salary
$51,536
Find Your Salary Estimate
How much should you be earning as an Architect? Use Zippia's Salary Calculator to get an estimation of how much you should be earning.

Best Paying Cities

City
ascdesc
Average Salarydesc
Livermore, CA
Salary Range43k - 87k$62k$61,798
New York, NY
Salary Range41k - 85k$60k$59,613
Jersey City, NJ
Salary Range39k - 80k$57k$56,647
Bethesda, MD
Salary Range33k - 66k$47k$46,859
Atlanta, GA
Salary Range31k - 61k$44k$44,046
Coral Gables, FL
Salary Range30k - 60k$43k$42,853
$24k
$87k

Recently Added Salaries

Job TitleCompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Mortgage Analyst
Mortgage Analyst
Randstad
Randstad
06/10/2021
06/10/2021
$31,30506/10/2021
$31,305
Mortgage Suspense Analyst
Mortgage Suspense Analyst
Summit Funding
Summit Funding
05/31/2021
05/31/2021
$33,39205/31/2021
$33,392
Mortgage Tracking Analyst
Mortgage Tracking Analyst
Hub International
Hub International
05/31/2021
05/31/2021
$31,30505/31/2021
$31,305
Mortgage Suspense Analyst
Mortgage Suspense Analyst
Summit Funding
Summit Funding
05/26/2021
05/26/2021
$33,39205/26/2021
$33,392
Mortgage Remediation Analyst
Mortgage Remediation Analyst
Randstad
Randstad
05/26/2021
05/26/2021
$45,91405/26/2021
$45,914
See More Recent Salaries

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Mortgage Analyst Demographics

Gender

male

50.3 %

female

44.9 %

unknown

4.8 %

Ethnicity

White

67.9 %

Hispanic or Latino

12.4 %

Black or African American

9.0 %

Foreign Languages Spoken

Spanish

35.7 %

Russian

9.5 %

Chinese

7.1 %
See More Demographics

Mortgage Analyst Education

Majors

Business
36.9 %
Finance
12.9 %

Degrees

Bachelors

62.3 %

Certificate

12.6 %

Associate

10.6 %

Top Colleges for Mortgage Analysts

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

5. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

6. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

7. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

8. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

9. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

10. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339
See More Education Info

Online Courses For Mortgage Analyst That You May Like

Become a Mortgage Loan Processor
udemy
4.4
(2,162)

Finibi Mortgage CEO, Joe Correa, teaches you how to become a mortgage loan processor...

Advanced Mortgage Loan Processor: Essential Skills Training
udemy
4.5
(385)

Finibi Mortgage CEO, Joe Correa, teaches you how to take your mortgage loan processor career to the next level...

U.S. Residential Mortgage Business
udemy
4.3
(1,638)

A comprehensive US mortgage analysis. Covering all aspects of the residential mortgage industry in the US...

See more
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Part Time
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Top Skills For a Mortgage Analyst

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 13.2% of mortgage analysts listed financial statements on their resume, but soft skills such as initiative and detail oriented are important as well.

  • Financial Statements, 13.2%
  • Loan Portfolio, 11.3%
  • Ensure Compliance, 9.5%
  • Regulatory Agencies, 5.3%
  • Investor Guidelines, 4.5%
  • Other Skills, 56.2%
  • See All Mortgage Analyst Skills

Best States For a Mortgage Analyst

Some places are better than others when it comes to starting a career as a mortgage analyst. The best states for people in this position are Pennsylvania, New York, Oregon, and Virginia. Mortgage analysts make the most in Pennsylvania with an average salary of $60,218. Whereas in New York and Oregon, they would average $59,404 and $58,865, respectively. While mortgage analysts would only make an average of $57,567 in Virginia, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. New York

Total Mortgage Analyst Jobs:
819
Highest 10% Earn:
$114,000
Location Quotient:
1.48
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. District of Columbia

Total Mortgage Analyst Jobs:
136
Highest 10% Earn:
$113,000
Location Quotient:
1.87
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Pennsylvania

Total Mortgage Analyst Jobs:
565
Highest 10% Earn:
$115,000
Location Quotient:
1.12
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Mortgage Analyst Employers

1. Wells Fargo
4.7
Avg. Salary: 
$36,372
Mortgage Analysts Hired: 
73+
2. Bank of America
4.8
Avg. Salary: 
$36,337
Mortgage Analysts Hired: 
45+
3. Accenture
4.8
Avg. Salary: 
$93,105
Mortgage Analysts Hired: 
39+
4. JPMorgan Chase & Co.
4.9
Avg. Salary: 
$37,646
Mortgage Analysts Hired: 
34+
5. Digital Risk
4.4
Avg. Salary: 
$49,366
Mortgage Analysts Hired: 
14+
6. Fifth Third Bank
4.9
Avg. Salary: 
$39,393
Mortgage Analysts Hired: 
14+

Mortgage Analyst Videos

Updated October 2, 2020