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

What is a mortgage assistant and how to become one

Updated January 8, 2025

4 min read

A mortgage assistant is a financial professional who reviews home and property loan applications. These individuals work with loan applicants to prepare letters of credit, and under the supervision of a mortgage loan officer, assist in preparing mortgage documents for clients.

A mortgage assistant performs administrative tasks such as organizing documentation and loan records, assisting clients and co-workers throughout the loan process, reviewing loan applications, and offering required administrative support to supervising loan officers. These individuals can work for a bank or a mortgage company and are often required to use computer programs and financial software to monitor mortgage loan processing from start to finish.

Most mortgage assistants have at least a high school diploma or equivalent and have some experience working in a bank or a similar financial field. These individuals should possess strong interpersonal, communication, analytical and organizational skills and should be familiar with how the mortgage loan process works. They should also be comfortable working with computers and financial software.

A mortgage assistant can make up to $32,000 annually in the US, and the job market is expected to grow 5% by 2028.

ScoreMortgage AssistantUS Average

Salary

2.7

Avg. Salary $33,961

Avg. Salary $59,228

Stability level

8.6

Growth rate -3%

Growth rate 0.3%

Diversity

8.0

Race

American Indian and Alaska Native 0.41%

Asian 7.93%

Black or African American 12.04%

Hispanic or Latino 13.72%

Unknown 4.40%

White 61.51%

Gender

female 78.42%

male 21.58%

Age - 41

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 - 41

Stress level

8.6

Stress level is very high

7.1 - high

Complexity level

6.9

Complexity level is challenging

7 - challenging

Work life balance

5.2

Work life balance is fair

6.4 - fair

Key steps to become a mortgage assistant

Explore mortgage assistant education requirements

Most common mortgage assistant degrees

Bachelor's

53.1 %

Associate

22.0 %

High School Diploma

14.2 %

Start to develop specific mortgage assistant skills

Skills	Percentages
Data Entry	16.14%
Mortgage Loans	13.00%
Loan Applications	9.23%
Origination	7.76%
Excellent Organizational	5.67%

Complete relevant mortgage assistant training and internships

Accountants spend an average of 1-2 years on post-employment, on-the-job training. New mortgage assistants 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 assistant based on U.S. Bureau of Labor Statistics data and data from real mortgage assistant resumes.

Research mortgage assistant duties and responsibilities

Review HUD-1 for accuracy and to make sure it is within the RESPA guidelines. ''
Re-Disclose file per RESPA guidelines when require.
Well verse in first and second mortgage options and reverse mortgages with FHA.
Prepare HMDA data for deny and withdrawn loans to be submit to compliance officer for audit

Prepare your mortgage assistant resume

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

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a mortgage assistant resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

Choose from 10+ customizable mortgage assistant resume templates

Build a professional mortgage assistant resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your mortgage assistant resume.