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The differences between mortgage analysts and loan originators can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a mortgage analyst, becoming a loan originator takes usually requires 4-6 years. Additionally, a loan originator has an average salary of $41,291, which is higher than the $32,763 average annual salary of a mortgage analyst.
The top three skills for a mortgage analyst include origination, financial statements and excellent organizational. The most important skills for a loan originator are customer service, origination, and FHA.
| Mortgage Analyst | Loan Originator | |
| Yearly salary | $32,763 | $41,291 |
| Hourly rate | $15.75 | $19.85 |
| Growth rate | 4% | 4% |
| Number of jobs | 22,208 | 10,716 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 61% |
| Average age | 39 | 45 |
| Years of experience | 2 | 6 |
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.
A Loan Originator is a potential liaison between borrowers and lenders. They help borrowers complete loan applications and evaluate which loans are most appropriate for the customers.
Mortgage analysts and loan originators have different pay scales, as shown below.
| Mortgage Analyst | Loan Originator | |
| Average salary | $32,763 | $41,291 |
| Salary range | Between $13,000 And $77,000 | Between $28,000 And $60,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | South Dakota |
| Best paying company | Citi | Centennial Bank |
| Best paying industry | - | Transportation |
There are a few differences between a mortgage analyst and a loan originator in terms of educational background:
| Mortgage Analyst | Loan Originator | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 61% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between mortgage analysts' and loan originators' demographics:
| Mortgage Analyst | Loan Originator | |
| Average age | 39 | 45 |
| Gender ratio | Male, 54.1% Female, 45.9% | Male, 54.0% Female, 46.0% |
| Race ratio | 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% | Black or African American, 9.2% Unknown, 4.6% Hispanic or Latino, 16.1% Asian, 6.4% White, 63.2% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 11% | 8% |