Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Mortgage processor education requirements
Updated January 8, 2025
4 min read
There are several educational requirements to become a mortgage processor. Mortgage processors usually study business, accounting, or finance. 52% of mortgage processors hold a bachelor's degree, and 24% hold an associate degree. We analyzed 7,370 real mortgage processor resumes to see exactly what mortgage processor education sections show.
The most common colleges for mortgage processors are the University of Phoenix and the University of Phoenix.
There are also many online mortgage processor courses to help get the education required to be a mortgage processor.
What education do you need to become a mortgage processor?
What degree do you need to be a mortgage processor?
- Bachelor's, 52%
- Associate, 24%
- High School Diploma, 14%
- Master's, 4%
- Other Degrees, 6%
What should I major in to become a mortgage processor?
- Business, 37%
- Accounting, 9%
- Finance, 8%
- Psychology, 4%
- Other Majors, 42%
Most common colleges for mortgage processors
| Mortgage processor common college | Percentages |
|---|---|
| University of Phoenix | 24.92% |
| Texas A&M University San Antonio | 5.41% |
| SUNY Buffalo State | 5.41% |
| Pennsylvania State University | 5.11% |
| Strayer University | 5.11% |
Best majors for mortgage processors
| Rank | Major | Percentages |
|---|---|---|
| 1 | Business | 37.5% |
| 2 | Accounting | 9.3% |
| 3 | Finance | 8.3% |
| 4 | Psychology | 4.1% |
| 5 | Criminal Justice | 3.7% |
Best colleges for mortgage processors
The best colleges for mortgage processors are Northwestern University, University of Pennsylvania, and Stanford University.
A mortgage processor 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 processors. 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 processors.
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 processors
Advertising disclosure
1. Become a Mortgage Loan Processor
Finibi Mortgage CEO, Joe Correa, teaches you how to become a mortgage loan processor...
2. Advanced Mortgage Loan Processor: Essential Skills Training
Finibi Mortgage CEO, Joe Correa, teaches you how to take your mortgage loan processor career to the next level...
3. U.S. Residential Real Estate, Property & Mortgage Business
Property & Mortgage Underwriting Loan Processing Financial Analysis Mortgage Operations Origination...
4. Loan Processor & MLO Mortgage Math: Problems & Solutions
Mortgage skills training and SAFE Mortgage Loan Originator Licensing Exam math prep with 115 problems & solutions...
5. Mastering the Pre-qualification Process of a Mortgage Loan
CEO and Founder of Finibi Mortgage teaches you how to pre-qualify borrowers from start to finish...
6. Start a Profitable Career as a Mortgage Loan Originator
Learn from the president and CEO of Finibi Mortgage, Joe Correa, how the entire mortgage process works...
7. Mortgage Backed Securities (MBS): Basic to Advanced
Financial Markets MBS Asset Securitization Mortgage Loans Cash Flows CMOs PAC Bond Tranches...
8. Multifamily Real Estate Underwriting Masterclass
Learn how you can start underwriting deals today!...
9. Real Estate Math Made Easy: Pass Your Licensing Exam
Get Over Your Math Anxiety to Pass Your Real Estate Licensing Exam and Build A Successful Real Estate Career!...
10. The Advanced Real Estate Financial Modeling Bootcamp
The Complete Guide To Advanced Real Estate Financial Modeling For Real Estate Investment Professionals...
11. Tesla Company Analysis: Strategy, Marketing, Financials
Acquire the #1 Skill Needed For Investment banking, Private equity, and Consulting - Company analysis...
12. Company Valuation & Financial Modeling
Learn comprehensive financial modeling, forecasting and business valuation techniques for Finance professionals...
13. Financial Statement Analysis
Learn how to make understanding financial statements your superpower!...
14. The Real Estate Financial Modeling Bootcamp
The Complete A to Z Guide to Modeling Real Estate Transactions in Microsoft Excel For Smarter Real Estate Investing...
15. Financial Statement Analysis - Ratio Analysis
Master the Art of Financial Statement Analysis: Unlocking Insights through Vertical, Horizontal, and Ratio Analysis...
16. Real Estate Acquisitions 101
How To Identify Commercial Properties, Run Due Diligence, Raise Capital, and Close Commercial Real Estate Transactions...
17. Financial Accounting-Adjusting Entries & Financial Statement
Master Adjusting Entries & Financial Statements: A Comprehensive Guide for Accurate Accounting and Reporting...
18. Brief Intro to Commercial Real Estate
Learn the essential fundamentals of commercial real estate...
19. Customer Service Fundamentals: Putting People First
Customer Care Listening Great Customer Service Concern for Others Company Culture Engaging People Responding...
20. Audit - Financial Statement
Master the Art of Auditing Financial Statements: In-Depth Analysis, Techniques, and Real-World Case Studies...
Top 10 most affordable universities for mortgage processors
The most affordable schools for mortgage processors are Baruch College of the City University of New York, suny farmingdale, and usf sarasota-manatee.
If the best universities for mortgage processors 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 processors.
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. SUNY Farmingdale
Farmingdale, NY • Private
In-state tuition
$8,306
Cost of attendance
16,091
3. USF Sarasota-Manatee
Sarasota, FL • Private
In-state tuition
$5,587
Cost of attendance
13,043
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. Brigham Young University
Provo, UT • Private
In-state tuition
$5,620
Cost of attendance
18,136
7. California State University - Bakersfield
Bakersfield, CA • Private
In-state tuition
$7,309
Cost of attendance
16,714
8. University of Florida
Gainesville, FL • Private
In-state tuition
$6,381
Cost of attendance
21,034
9. Florida International University
Miami, FL • Private
In-state tuition
$6,556
Cost of attendance
19,434
10. University of Puerto Rico - Mayaguez
Mayaguez, PR • Private
In-state tuition
$4,094
Cost of attendance
14,302
Top 10 hardest universities to get into for mortgage processors
The hardest universities for mortgage processors to get into are Northwestern University, University of Pennsylvania, and Stanford University.
Some great schools for mortgage processors 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 processors 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. Stanford University
Stanford, CA • Private
Admissions rate
4%
SAT average
1,497
4. University of Southern California
Los Angeles, CA • Private
Admissions rate
13%
SAT average
1,445
5. Boston University
Boston, MA • Private
Admissions rate
22%
SAT average
1,420
6. New York University
New York, NY • Private
Admissions rate
20%
SAT average
1,419
7. Villanova University
Villanova, PA • Private
Admissions rate
29%
SAT average
1,407
8. Vanderbilt University
Nashville, TN • Private
Admissions rate
10%
SAT average
1,514
9. Bentley University
Waltham, MA • Private
Admissions rate
43%
SAT average
1,338
10. George Washington University, The
Washington, DC • Private
Admissions rate
42%
SAT average
1,380
Top 10 easy-to-apply-to universities for mortgage processors
The easiest schools for mortgage processors 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 processor 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 processors.
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. Holy Family University
Philadelphia, PA • Private
Admissions rate
72%
SAT average
1,017
8. Saint Joseph's College of Maine
Standish, ME • Private
Admissions rate
84%
SAT average
1,069
9. Ottawa University
Ottawa, KS • Private
Admissions rate
78%
SAT average
1,024
10. LIM College
New York, NY • Private
Admissions rate
83%
SAT average
1,061
Average mortgage processor salary by education level
| Mortgage processor education level | Mortgage processor salary |
|---|---|
| High School Diploma or Less | $40,611 |
| Bachelor's Degree | $42,936 |
| Some College/ Associate Degree | $40,442 |
Mortgage processor education FAQs
Have more questions? See all answers to common office and administrative questions.
Search for mortgage processor jobs
Updated January 8, 2025
Updated January 8, 2025