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Mortgage clerk education requirements

Updated January 8, 2025
4 min read

There are several educational requirements to become a mortgage clerk. Mortgage clerks usually study business, accounting, or liberal arts. 40% of mortgage clerks hold a bachelor's degree, and 29% hold an associate degree. We analyzed 366 real mortgage clerk resumes to see exactly what mortgage clerk education sections show.

The most common colleges for mortgage clerks are the University of Phoenix and the University of Phoenix.

There are also many online mortgage clerk courses to help get the education required to be a mortgage clerk.

What education do you need to become a mortgage clerk?

What degree do you need to be a mortgage clerk?

The most common degree for mortgage clerks is bachelor's degree, with 40% of mortgage clerks earning that degree. The second and third most common degree levels are associate degree degree at 29% and associate degree degree at 22%.
  • Bachelor's, 40%
  • Associate, 29%
  • High School Diploma, 22%
  • Diploma, 7%
  • Other Degrees, 2%

What should I major in to become a mortgage clerk?

You should major in business to become a mortgage clerk. 32% of mortgage clerks major in business. Other common majors for a mortgage clerk include accounting and liberal arts.

Most common colleges for mortgage clerks

Mortgage clerks often get their degrees at University of Phoenix, Northwood University, and Johnson & Wales University. Here are the most common colleges for mortgage clerks in the US based on their resumes.
Mortgage clerk common collegePercentages
University of Phoenix11.11%
Northwood University7.41%
Johnson & Wales University7.41%
Argosy University7.41%
SUNY Buffalo State7.41%

Best majors for mortgage clerks

Best colleges for mortgage clerks

The best colleges for mortgage clerks are Northwestern University, University of Pennsylvania, and University of Southern California.

A mortgage clerk with advanced education typically earns a higher salary and has access to better jobs. That's why Zippia looked into the best colleges for mortgage clerks. We based this list on several metrics: admissions rate, retention rate, mean earnings of graduates, the ratio of working vs. non-working students ten years after admission, the average cost of attendance, and median debt for graduates who become mortgage clerks.

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

20 best online courses for mortgage clerks

Advertising disclosure

1. Create a Mortgage Calculator in Excel

coursera

By the end of this project, you will learn how to create a mortgage payment calculator in an Excel Spreadsheet by using a free version of Microsoft Office Excel. Excel is a spreadsheet that is similar in layout as accounting spreadsheets. It consists of individual cells that can be used to build functions, formulas, tables, and graphs that easily organize and analyze large amounts of information and data. While a mortgage calculator helps you to see how extra payments effect your principal...

2. GST - Using input tax credit

coursera

GST, if applicable, can be paid in cash or through the utilization of input tax credit, also commonly known as ITC. In this course, you will learn about the concept of the input tax credit, conditions , and restrictions on availing and utilizing ITC, legal requirements and procedures for reconciliation of ITC , and the concept of distribution of ITC. Input tax credits, along with valuations, play an important role in the pricing of goods and services. This course provides a platform for...

3. U.S. Residential Real Estate, Property & Mortgage Business

udemy
4.6
(2,324)

Property & Mortgage Underwriting Loan Processing Financial Analysis Mortgage Operations Origination...

4. Become a Mortgage Loan Processor

udemy
4.6
(3,074)

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

5. Advanced Mortgage Loan Processor: Essential Skills Training

udemy
4.5
(764)

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

6. Start a Profitable Career as a Mortgage Loan Originator

udemy
4.3
(371)

Learn from the president and CEO of Finibi Mortgage, Joe Correa, how the entire mortgage process works...

7. Loan Processor & MLO Mortgage Math: Problems & Solutions

udemy
4.7
(271)

Mortgage skills training and SAFE Mortgage Loan Originator Licensing Exam math prep with 115 problems & solutions...

8. Mastering the Pre-qualification Process of a Mortgage Loan

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4.3
(257)

CEO and Founder of Finibi Mortgage teaches you how to pre-qualify borrowers from start to finish...

9. Mortgage Backed Securities (MBS): Basic to Advanced

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4.8
(896)

Financial Markets MBS Asset Securitization Mortgage Loans Cash Flows CMOs PAC Bond Tranches...

10. Cloud Security Course: Cloud Compliance, Audits,Legal issues

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4.4
(309)

For CCSK and CCSP Aspirants - Cloud Agreements/Contracts, Legal and Compliance Concepts...

11. Real Estate Math Made Easy: Pass Your Licensing Exam

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4.4
(802)

Get Over Your Math Anxiety to Pass Your Real Estate Licensing Exam and Build A Successful Real Estate Career!...

12. Multifamily Real Estate Underwriting Masterclass

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4.3
(270)

Learn how you can start underwriting deals today!...

13. Legal English

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4.5
(1,299)

Legal language and communication skills...

14. How to Prepare Your U.S. Federal Tax Returns Online

udemy
4.5
(268)

Master Income Tax Preparation Using Turbo Tax...

15. Practical Course in Goods and Services Tax

udemy
4
(314)

Learn GSTR1 and GSTR2 Returns,GSTR3B Monthly return & GSTR9 Annual return...

16. Customer Service Fundamentals: Putting People First

udemy
4.4
(313)

Customer Care Listening Great Customer Service Concern for Others Company Culture Engaging People Responding...

17. Legal Writing Master Class

udemy
4.5
(258)

Learn with lawyers by learning the correct use of prepositions and articles, drafting contracts and writing letters...

18. How to Become a Mobile Notary and Loan Signing Agent

udemy
4.4
(2,960)

Learn how to make over six figures as a Real Estate Loan Signing Agent and Mobile Notary...

19. Compliance Training for Employees

udemy
4.6
(5,050)

Compliance: a simple, comprehensive and effective way to protect your company!...

20. Data Entry Skills: A Complete Data Entry Course from Scratch

udemy
4.7
(533)

A Complete Guide to Data Entry Skills: Learn Data Entry Skills and become a Data Entry Pro & Get a Online Data Entry Job...

Top 10 most affordable universities for mortgage clerks

The most affordable schools for mortgage clerks are Baruch College of the City University of New York, usf sarasota-manatee, and suny farmingdale.

If the best universities for mortgage clerks are out of your price range, check out these affordable schools. After factoring in in-state tuition and fees, the average cost of attendance, admissions rate, average net price, and mean earnings after six years, we found that these are the most affordable schools for mortgage clerks.

1. Baruch College of the City University of New York

New York, NY • Private

In-state tuition

$7,262

Cost of attendance

14,046

2. USF Sarasota-Manatee

Sarasota, FL • Private

In-state tuition

$5,587

Cost of attendance

13,043

3. SUNY Farmingdale

Farmingdale, NY • Private

In-state tuition

$8,306

Cost of attendance

16,091

4. Brooklyn College of the City University of New York

Brooklyn, NY • Private

In-state tuition

$7,240

Cost of attendance

13,991

5. California State University - Dominguez Hills

Carson, CA • Private

In-state tuition

$6,942

Cost of attendance

14,469

6. University of Florida

Gainesville, FL • Private

In-state tuition

$6,381

Cost of attendance

21,034

7. Brigham Young University

Provo, UT • Private

In-state tuition

$5,620

Cost of attendance

18,136

8. California State University - Long Beach

Long Beach, CA • Private

In-state tuition

$6,798

Cost of attendance

18,306

9. University of Puerto Rico - Mayaguez

Mayaguez, PR • Private

In-state tuition

$4,094

Cost of attendance

14,302

10. Florida International University

Miami, FL • Private

In-state tuition

$6,556

Cost of attendance

19,434

Top 10 hardest universities to get into for mortgage clerks

The hardest universities for mortgage clerks to get into are Northwestern University, University of Pennsylvania, and University of Southern California.

Some great schools for mortgage clerks are hard to get into, but they also set your career up for greater success. The list below shows the most challenging universities to get into for mortgage clerks based on an institution's admissions rates, average SAT scores accepted, median ACT scores accepted, and mean earnings of students six years after admission.

1. Northwestern University

Evanston, IL • Private

Admissions rate

8%

SAT average

1,508

2. University of Pennsylvania

Philadelphia, PA • Private

Admissions rate

8%

SAT average

1,492

3. University of Southern California

Los Angeles, CA • Private

Admissions rate

13%

SAT average

1,445

4. Boston University

Boston, MA • Private

Admissions rate

22%

SAT average

1,420

5. New York University

New York, NY • Private

Admissions rate

20%

SAT average

1,419

6. Villanova University

Villanova, PA • Private

Admissions rate

29%

SAT average

1,407

7. Vanderbilt University

Nashville, TN • Private

Admissions rate

10%

SAT average

1,514

8. Bentley University

Waltham, MA • Private

Admissions rate

43%

SAT average

1,338

9. George Washington University, The

Washington, DC • Private

Admissions rate

42%

SAT average

1,380

10. University of Rochester

Rochester, NY • Private

Admissions rate

29%

SAT average

1,422

Top 10 easy-to-apply-to universities for mortgage clerks

The easiest schools for mortgage clerks to get into are Oklahoma Wesleyan University, holy names university, and barry university.

Some schools are much easier to get into. If you want to start your career as a mortgage clerk without much hassle, check out the list of schools where you will be accepted in no time. We compiled admissions rates, average SAT scores, average ACT scores, and average salary of students six years after graduation to uncover which were the easiest schools to get into for mortgage clerks.

1. Oklahoma Wesleyan University

Bartlesville, OK • Private

Admissions rate

68%

SAT average

964

2. Holy Names University

Oakland, CA • Private

Admissions rate

70%

SAT average

849

3. Barry University

Miami, FL • Private

Admissions rate

91%

SAT average

1,006

4. Notre Dame College

Cleveland, OH • Private

Admissions rate

90%

SAT average

994

5. University of North Texas at Dallas

Dallas, TX • Private

Admissions rate

83%

SAT average

992

6. La Roche College

Pittsburgh, PA • Private

Admissions rate

99%

SAT average

1,008

7. Ottawa University

Ottawa, KS • Private

Admissions rate

78%

SAT average

1,024

8. Holy Family University

Philadelphia, PA • Private

Admissions rate

72%

SAT average

1,017

9. Saint Joseph's College of Maine

Standish, ME • Private

Admissions rate

84%

SAT average

1,069

10. Kean University

Union, NJ • Private

Admissions rate

86%

SAT average

991

Average mortgage clerk salary by education level

Mortgage clerks with a Bachelor's degree earn more than those without, at $33,464 annually. With a High School Diploma degree, mortgage clerks earn a median annual income of $31,782 compared to $31,660 for mortgage clerks with an Associate degree.
Mortgage clerk education levelMortgage clerk salary
High School Diploma or Less$31,782
Bachelor's Degree$33,464
Some College/ Associate Degree$31,660

Mortgage clerk education FAQs

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Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

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