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

What is a mortgage specialist and how to become one

Updated January 8, 2025

4 min read

While working under the Bank's policies, procedures, and associated laws, the Mortgage Specialist is responsible for completing normal operational activities about residential, construction, and commercial mortgage loans.

As a mortgage specialist, you're to work with lending institutions to find the best financing solution for clients in exchange for gaining ownership of the debtors' properties. Before submitting mortgage loan applications for approval, you must evaluate the material to guarantee correctness and completeness. You must keep an eye on accounts during the bankruptcy proceedings to ensure that customers' interests are safeguarded.

If you plan to enter this career path, you must have strong interpersonal skills and an ability to interact with customers. It is also critical that you possess excellent communication skills, both written and verbal. Employers require no less than a degree in business, finance, or accounting. In the United States, mortgage experts earn an average of $34,377 a year, or $16.53 an hour.

ScoreMortgage SpecialistUS Average

Salary

3.0

Avg. Salary $38,757

Avg. Salary $59,228

Stability level

8.6

Growth rate -3%

Growth rate 0.3%

Diversity

8.2

Race

American Indian and Alaska Native 0.41%

Asian 7.50%

Black or African American 13.30%

Hispanic or Latino 14.23%

Unknown 4.36%

White 60.20%

Gender

female 60.68%

male 39.32%

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 specialist

Explore mortgage specialist education requirements

Most common mortgage specialist degrees

Bachelor's

55.1 %

Associate

20.4 %

High School Diploma

11.7 %

Start to develop specific mortgage specialist skills

Skills	Percentages
Customer Service	21.90%
Residential Mortgage Loans	6.49%
Origination	6.15%
FHA	5.28%
Va	5.28%

Complete relevant mortgage specialist training and internships

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

Research mortgage specialist duties and responsibilities

Manage internal team SharePoint and document repository.
Time management and organization skills to effectively prioritize multiple objectives and achieve volume goals.
Work due diligence and process loans per FHLMC guidelines on conventional, USDA, FHA/VA and CHFA/DAP loans.
Advise clients with mortgage needs by providing information regarding traditional and government programs, including USVA, FHA and VA loans.

Prepare your mortgage specialist resume

When your background is strong enough, you can start writing your mortgage specialist 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 specialist 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 specialist resume templates

Build a professional mortgage specialist 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 specialist resume.