Mortgage Credit Analyst Salary in Michigan
Mortgage Credit Analyst Salary in Michigan
How much does a Mortgage Credit Analyst make in Michigan? The average Mortgage Credit Analyst salary in Michigan is $56,248 as of March 26, 2024, but the range typically falls between $49,031 and $70,368. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
| Percentile | Salary | Location | Last Updated |
| 10th Percentile Mortgage Credit Analyst Salary | $42,460 | MI | March 26, 2024 |
| 25th Percentile Mortgage Credit Analyst Salary | $49,031 | MI | March 26, 2024 |
| 50th Percentile Mortgage Credit Analyst Salary | $56,248 | MI | March 26, 2024 |
| 75th Percentile Mortgage Credit Analyst Salary | $70,368 | MI | March 26, 2024 |
| 90th Percentile Mortgage Credit Analyst Salary | $83,224 | MI | March 26, 2024 |
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What skills does a Mortgage Credit Analyst need?
Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Microsoft Office: Microsoft Office is a suite of desktop productivity applications that is designed by Microsoft for business use. You can create documents containing text and images, work with data in spreadsheets and databases, create presentations and posters.
Loan Review: Loan review is a process routinely used by banks to assess the current value of loan portfolios. Provisioning is a technique to translate loan review results into the balance sheet.
Job Description for Mortgage Credit Analyst
Mortgage Credit Analyst assesses the risk and creditworthiness of loan applicants and recommends loan approval, terms, or application denial. Gathers necessary credit, income, and tax information to conduct financial assessments. Being a Mortgage Credit Analyst reviews and verifies property appraisals, collateral value, and key indicators such as debt-to-income and loan-to-value ratios. Prepares a detailed credit analysis and summary using underwriting guidelines, risk assessment frameworks, and following applicable regulatory compliance. Additionally, Mortgage Credit Analyst may require a bachelor's degree. Typically reports to a manager. The Mortgage Credit Analyst work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Mortgage Credit Analyst typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)... View full job description
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| Location | Avg. Salary | Date Updated |
|---|---|---|
| Location Taylor, MI | Avg. Salary $57,331 | Date Updated March 26, 2024 |
| Location Acme, MI | Avg. Salary $53,626 | Date Updated March 26, 2024 |
| Location Ada, MI | Avg. Salary $55,279 | Date Updated March 26, 2024 |
| Location Addison, MI | Avg. Salary $57,274 | Date Updated March 26, 2024 |
| Location Adrian, MI | Avg. Salary $56,419 | Date Updated March 26, 2024 |
| Location Afton, MI | Avg. Salary $52,942 | Date Updated March 26, 2024 |
| Location Ahmeek, MI | Avg. Salary $54,196 | Date Updated March 26, 2024 |
| Location Akron, MI | Avg. Salary $52,999 | Date Updated March 26, 2024 |
| Location Alanson, MI | Avg. Salary $52,942 | Date Updated March 26, 2024 |
| Location Alba, MI | Avg. Salary $52,942 | Date Updated March 26, 2024 |
Career Path for Mortgage Credit Analyst
A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.
For Mortgage Credit Analyst, the upper level is Mortgage Underwriter II and then progresses to Mortgage Underwriter IV.
What does a Mortgage Credit Analyst do?
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About Michigan
Similar Jobs to Mortgage Credit Analyst
| Job Title | Experience | EDUCATION | Salary Compared to This Job |
|---|---|---|---|
| Job Title Credit Analyst I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
| Job Title Credit Analyst II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
| Job Title Credit Analyst III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
| Job Title Credit and Collections Analyst I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
| Job Title Credit and Collections Analyst II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Level of Education for Mortgage Credit Analyst
Jobs with different levels of education may pay very differently. Check the Mortgage Credit Analyst salary of your education level.
- Mortgage Credit Analyst Salaries with a High School Diploma or Technical Certificate
- Mortgage Credit Analyst Salaries with an Associate's Degree
- Mortgage Credit Analyst Salaries with a Bachelor's Degree
- Mortgage Credit Analyst Salaries with a Master's Degree or MBA
- Mortgage Credit Analyst Salaries with a JD, MD, PhD or Equivalent
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Most Popular Cities for Mortgage Credit Analyst Job
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Browse Related Job Categories With Mortgage Credit Analyst
A job category is a classification or grouping of job positions that share similar characteristics, functions, or industries. Mortgage Credit Analyst salary varies from category to category. Click below to see Mortgage Credit Analyst salary in different categories.
About Michigan Michigan consists of two peninsulas that lie between 82°30' to about 90°30' west longitude, and are separated by the Straits of Mackinac. The 45th par....More
Skills associated with Mortgage Credit Analyst: Loan Review, Loan Underwriting, Mortgage Loans, Regulatory Compliance ...More
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