Mortgage Processor Education Requirements And Degrees

There are several education requirements to become a mortgage processor. Mortgage processors usually study business, accounting or finance. 42% of mortgage processors hold a bachelor's degree and 19% hold a associate degree. We found these by analyzing 7,370 mortgage processor resumes to investigate the topic of mortgage processor education more precisely.

The most common colleges for students to pursue their goal of becoming a mortgage processor are Texas A&M; University San Antonio and University of Pittsburgh.

For those who would rather stay in your pajamas during the day, we prepared some online courses that can help in mortgage processor education paths.

What Degree Should I Get to Become a Mortgage Processor ?

We assessed our data to determine the typical level of education for mortgage processors. The most common degree for mortgage processors is bachelor's degree. In fact, 42% of mortgage processors earn that degree. A close second is associate degree with 19% and rounding it off is high school diploma with 11%.

  • Bachelors degree, 42%
  • Associate degree, 19%
  • High School Diploma degree, 11%
  • Masters degree, 3%
  • Other Degrees, 25%
What Should I Major in to Become a Mortgage Processor ?

According to our resume data, most mortgage processors, 36% to be exact, major in business. Some other common majors for a mortgage processor include accounting and finance majors.

Most Common Colleges for Mortgage Processor

Here are the most common colleges for a mortgage processor career in the US based on their resumes. Mortgage processors often get their degree in Texas A&M; University San Antonio, University of Pittsburgh, and Pennsylvania State University.

Texas A&M University San Antonio

University of Pittsburgh

Pennsylvania State University

University of Phoenix

Miami Dade College

Average Mortgage Processor Salary by Education Level

Mortgage processors with a Masters degree earn more than those without, at $40,663 annually. With a Bachelors degree, mortgage processors earn a median annual income of $39,731 compared to $39,725 for mortgage processors with an High School Diploma degree.

High School Diploma or Less

Some College/ Associate Degree

Bachelor's Degree

Master's Degree

Educationascdesc
Salaryascdesc
High School Diploma or Less$39,725
Some College/ Associate Degree$39,521
Bachelor's Degree$39,731
Master's Degree$40,663

Mortgage Processor Jobs You Might Like

Entry Level Jobs For Becoming A Mortgage Processor

Top Online Courses For Mortgage Processors

Sometimes things are just better when you get to stay in your pajamas all day. That includes school. We found top courses for mortgage processors from Udemy, Coursera, EDX, and ed2go that will help you advance in your career. Here are essential skills you need to be a mortgage processor:

  • Loan portfolio
  • Customer service
  • Underwriting guidelines
If you want to improve mortgage processors skills these courses could help you in this.

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Become a Mortgage Loan Processor
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U.S. Residential Mortgage Business
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Real Estate Law
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Learn the basics of real estate law, including investing, title searching, and mortgages...

Real Estate Investing
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FPGA Softcore Processors and IP Acquisition
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This course will introduce you to all aspects of development of Soft Processors and Intellectual Property (IP) in FPGA design. You will learn the extent of Soft Processor types and capabilities, how to make your own Soft Processor in and FPGA, including how to design the hardware and the software for a Soft Processor. You will learn how to add IP blocks and custom instructions to your Soft Processor. After the Soft Processor is made, you learn how to verify the design using simulation and an int...

Real Estate Math Made Easy: Pass Your Licensing Exam
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The Real Estate Syndication Process
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How To Raise Money to Invest Profitably Commercial Real Estate Properties...

The Advanced Real Estate Financial Modeling Bootcamp
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The Real Estate Financial Modeling Bootcamp
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The Complete A to Z Guide to Modeling Real Estate Transactions in Microsoft Excel For Smarter Real Estate Investing...

Understanding Financial Statements: Company Position
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This course is designed to provide a basic understanding of financial statements with an emphasis on the balance sheet. However, to understand accounting driven financial statements, it is important to recognize that accounting is less about counting and more about measuring. "What is it that is being measured?" Well, as the course unfolds, you will learn about the three measurement questions and how the balance sheet helps to answer the first two of these questions. By touring a real company an...

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Understanding Financial Statements: Company Performance
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This course is designed to provide a basic understanding of financial statements with an emphasis on the income statement. Building on the foundation formed in the first course, you will learn about the third of our three measurement questions and how the income statement helps to answer this final measurement question. Returning to the real business people introduced in the first course, this second course describes the basic content of income statement in a simple yet relevant context. The cou...

Real Estate Asset Management 101
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The Real Estate Financial Modeling Interview Exam Guide
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Audit - Financial Statement
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Top 10 Colleges For Mortgage Processors

In a lot of cases, a higher education can mean a higher salary or even a better job. That's why we found out the best colleges for mortgage processors. We based this list on these metrics: admissions rate, retention rate, mean earnings of students working, ratio of working vs. non-working students 10 years after admission, average cost of attendance and median debt for graduates.

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 10 Affordable Colleges For Mortgage Processors

If those top 10 were a bit out of your price range, you might want to check these schools instead. After factoring in in-state tuition and fees, average cost of attendance, admissions rate, average net price and mean earnings after 6 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
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$14,046

2. SUNY Farmingdale

Farmingdale, NY • Private

In-State Tuition
$8,306
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$16,091

3. USF Sarasota-Manatee

Sarasota, FL • Private

In-State Tuition
$5,587
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$13,043

4. Brooklyn College of the City University of New York

Brooklyn, NY • Private

In-State Tuition
$7,240
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$13,991

5. California State University - Dominguez Hills

Carson, CA • Private

In-State Tuition
$6,942
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$14,469

6. Brigham Young University

Provo, UT • Private

In-State Tuition
$5,620
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$18,136

7. California State University - Bakersfield

Bakersfield, CA • Private

In-State Tuition
$7,309
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$16,714

8. University of Florida

Gainesville, FL • Private

In-State Tuition
$6,381
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$21,034

9. Florida International University

Miami, FL • Private

In-State Tuition
$6,556
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$19,434

10. University of Puerto Rico - Mayaguez

Mayaguez, PR • Private

In-State Tuition
$4,094
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$14,302

Top 10 Hardest Colleges To Get Into For Mortgage Processors

Some people like a challenge. Well, we challenge you to get into one of these schools. It's not going to be easy. We know this based on these institutions' admissions rates, average SAT scores accepted, median ACT scores accepted and mean earnings of students 6 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 Easier To Apply Colleges For Mortgage Processors

Why make getting a job harder on yourself than it has to be? With these colleges, you're sure to be accepted in no time. We compiled admissions rates, average SAT scores, average ACT scores and average salary of students 6 years after graduation in order to uncover which were the easiest schools to get into.

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

Mortgage Processor Internship Jobs

Mortgage Processor Jobs

Updated April 30, 2021