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The differences between senior fraud analysts and mortgage analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a senior fraud analyst and a mortgage analyst. Additionally, a senior fraud analyst has an average salary of $91,428, which is higher than the $32,763 average annual salary of a mortgage analyst.
The top three skills for a senior fraud analyst include SQL, fraud risk and fraud prevention. The most important skills for a mortgage analyst are origination, financial statements, and excellent organizational.
| Senior Fraud Analyst | Mortgage Analyst | |
| Yearly salary | $91,428 | $32,763 |
| Hourly rate | $43.96 | $15.75 |
| Growth rate | 3% | 4% |
| Number of jobs | 13,411 | 22,208 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 57% | Bachelor's Degree, 71% |
| Average age | 39 | 39 |
| Years of experience | 2 | 2 |
A Senior Fraud Analyst performs extensive research and analyses to detect suspicious transactions and determine fraudulent activities in financial institutions or business establishments. Their responsibilities typically revolve around monitoring financial transactions and documents, gathering and analyzing various data, conducting account assessments, validating information, and thoroughly reviewing documents. There are also instances where they must set objectives, establish guidelines, produce progress reports, and resolve issues promptly and efficiently. Moreover, as a senior fraud analyst, it is essential to lead and serve as a role model for junior fraud analysts, overseeing their performance while implementing company policies and regulations.
Mortgage analysts are financial professionals who are responsible for executing mortgage or loan applications by assessing financial risks and rewards. These analysts are required to analyze the financial and supporting documents on incoming applications to determine whether they are consistent with the internal and insurer policies. They must determine their borrowers' creditworthiness by evaluating property values based on appraised market prices. Mortgage analysts should also collaborate with credit bureaus and reporting agencies to investigate the credit ratings of loan applicants.
Senior fraud analysts and mortgage analysts have different pay scales, as shown below.
| Senior Fraud Analyst | Mortgage Analyst | |
| Average salary | $91,428 | $32,763 |
| Salary range | Between $69,000 And $120,000 | Between $13,000 And $77,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | SoFi | Citi |
| Best paying industry | Start-up | - |
There are a few differences between a senior fraud analyst and a mortgage analyst in terms of educational background:
| Senior Fraud Analyst | Mortgage Analyst | |
| Most common degree | Bachelor's Degree, 57% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior fraud analysts' and mortgage analysts' demographics:
| Senior Fraud Analyst | Mortgage Analyst | |
| Average age | 39 | 39 |
| Gender ratio | Male, 43.5% Female, 56.5% | Male, 54.1% Female, 45.9% |
| Race ratio | Black or African American, 8.2% Unknown, 2.7% Hispanic or Latino, 9.8% Asian, 10.0% White, 69.0% American Indian and Alaska Native, 0.3% | Black or African American, 8.2% Unknown, 2.7% Hispanic or Latino, 9.8% Asian, 9.6% White, 69.3% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |