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 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.

Learn more about what a Mortgage Analyst does

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 71.1% of mortgage analysts have a bachelor's degree. In terms of higher education levels, we found that 7.7% 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.

Learn More About How To Become a Mortgage Analyst

Mortgage Analyst Career Paths

Average Salary for a Mortgage Analyst

Mortgage Analysts in America make an average salary of $32,763 per year or $16 per hour. The top 10 percent makes over $77,000 per year, while the bottom 10 percent under $13,000 per year.
Average Mortgage Analyst Salary
$32,763 Yearly
$15.75 hourly
$13,000
10 %
$32,000
Median
$77,000
90 %

What Am I Worth?

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How To Become a Mortgage Analyst
How To Become a Mortgage Analyst Career Overview

States With The Most Mortgage Analyst Jobs

Mouse over a state to see the number of active mortgage analyst jobs in each state. The darker areas on the map show where mortgage analysts earn the highest salaries across all 50 states.

Average Salary: Job Openings:

Number Of Mortgage Analyst Jobs By State

RankStateNumber of JobsAverage Salary
1California1,705$44,599
2Texas1,283$27,192
3Florida911$30,477
4Illinois834$31,809
5New York819$67,181
6Arizona589$34,096
7Pennsylvania565$41,565
8Georgia530$32,012
9North Carolina513$36,603
10Colorado474$36,376
11Michigan431$33,984
12Massachusetts374$47,177
13Indiana340$21,972
14Minnesota325$29,013
15Missouri285$28,168
16Wisconsin242$29,663
17Alabama211$33,238
18Iowa188$30,664
19Kansas180$30,639
20South Carolina171$27,754
21Kentucky169$28,596
22Connecticut167$39,968
23Nevada123$46,848
24Arkansas92$25,673
25Delaware85$46,123
26Louisiana84$23,568
27Mississippi77$25,049
28Rhode Island75$48,001
29South Dakota71$29,479
30Hawaii63$54,646
31Maine60$44,265
32West Virginia53$33,027
33Wyoming51$37,948
34Alaska49$33,668
35Vermont37$48,226
36New Hampshire0$52,357
37New Jersey0$45,819
38Oregon0$41,718
39Maryland0$40,499
40Washington0$36,874
41Virginia0$38,870
42Ohio0$32,371
43Montana0$31,297
44North Dakota0$30,138
45Utah0$28,950
46Nebraska0$28,225
47New Mexico0$28,346
48Oklahoma0$25,627
49Tennessee0$23,923
50Idaho0$25,888

Mortgage Analyst Education

Mortgage Analyst Majors

36.8 %
13.2 %

Mortgage Analyst Degrees

Bachelors

71.1 %

Associate

12.0 %

Masters

7.7 %

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

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, 10.0% of mortgage analysts listed origination on their resume, but soft skills such as initiative and detail oriented are important as well.

  • Origination, 10.0%
  • Financial Statements, 7.9%
  • Excellent Organizational, 6.3%
  • Strong Analytical, 5.1%
  • Real Estate, 4.8%
  • Other Skills, 65.9%

Choose From 10+ Customizable Mortgage Analyst Resume templates

Zippia allows you to choose from different easy-to-use Mortgage Analyst templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Mortgage Analyst resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

Mortgage Analyst Resume
Mortgage Analyst Resume
Mortgage Analyst Resume
Mortgage Analyst Resume
Mortgage Analyst Resume
Mortgage Analyst Resume
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Mortgage Analyst Resume
Mortgage Analyst Resume
Mortgage Analyst Resume
Mortgage Analyst Resume
Mortgage Analyst Resume
Mortgage Analyst Resume
Mortgage Analyst Resume
Mortgage Analyst Resume
Mortgage Analyst Resume

Mortgage Analyst Demographics

Mortgage Analyst Gender Distribution

Male
Male
54%
Female
Female
46%

After extensive research and analysis, Zippia's data science team found that:

  • Among mortgage analysts, 45.9% of them are women, while 54.1% are men.

  • The most common race/ethnicity among mortgage analysts is White, which makes up 64.3% of all mortgage analysts.

  • The most common foreign language among mortgage analysts is Spanish at 35.7%.

Work Experience Programs For Mortgage Analysts

Virtual work experience programs replicate work at top companies and help you gain the skills to be successful when applying and working there. In only a few hours, learn the relevant tools necessary to complete a typical work day at that company. Virtual work experience programs are 100% free, open-access, and self-paced. No experience or application is required!

Financial Services Regulation Program

Company: Herbert Smith Freehills

Cost: Free

Duration: 5-6.5 hours

Audit Program

Company: Grant Thornton Australia

Cost: Free

Duration: 5-6 hours

Emerging Companies Program

Company: Latham & Watkins

Cost: Free

Duration: 5-6 hours

Women in Commercial Real Estate Program

Company: JLL

Cost: Free

Duration: 2-3 hours

Audit & Assurance Program

Company: KPMG AU

Cost: Free

Duration: 5-6 hours

Financial Audit Program

Company: PwC Switzerland

Cost: Free

Duration: 5-6 hours

Internal Audit Analyst Virtual Experience Program Program

Company: JPMorgan Chase & Co.

Cost: Free

Duration: 5 hours

Client Service Program

Company: Bloomberg

Cost: Free

Duration: 5-6 hours

Online Courses For Mortgage Analyst That You May Like

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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 New York, Hawaii, New Hampshire, and Vermont. Mortgage analysts make the most in New York with an average salary of $67,181. Whereas in Hawaii and New Hampshire, they would average $54,646 and $52,357, respectively. While mortgage analysts would only make an average of $48,226 in Vermont, 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:
$151,000
Location Quotient:
1.48

2. Rhode Island

Total Mortgage Analyst Jobs:
75
Highest 10% Earn:
$116,000
Location Quotient:
1.43

3. Hawaii

Total Mortgage Analyst Jobs:
63
Highest 10% Earn:
$96,000
Location Quotient:
1.74
Full List Of Best States For Mortgage Analysts

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Top Mortgage Analyst Employers

Most Common Employers For Mortgage Analyst

RankCompanyAverage SalaryHourly RateJob Openings
1Accenture$104,994$50.4839
2Citi$95,488$45.917
3JPMorgan Chase & Co.$68,597$32.9835
4Fifth Third Bank$46,358$22.2915
5HUB International$45,528$21.8912
6M&T Bank$44,706$21.498
7BB&T$44,662$21.476
8Bank of America$43,781$21.0547
9Wells Fargo$42,889$20.6275
10Capital One$42,289$20.336

Mortgage Analyst Videos