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Freelance Mortgage Risk Analyst Jobs (NOW HIRING)

Position Overview: Assist in the development, implementation, and maintenance of the Model Risk ... and/or mortgage servicing rights, derivatives, Compliance (BSA/AML/OFAC), Liquidity, or Fraud

Senior Credit Risk Analyst

Chicago, IL · On-site

$84K - $131K/yr

Analyze origination risk factors and recommend/implement improvements in areas such as underwriting ... Prepare data for third-party quarterly mortgage & consumer loan portfolio performance analysis.

Principal Credit Risk Analyst

Chicago, IL · On-site

$119K - $204K/yr

Conduct third-party quarterly mortgage & consumer loan portfolio performance analysis. * Provide ... Assess the risk-adjusted profitability (NPV) of new originations across the portfolios managed.

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Freelance Mortgage Risk Analyst information

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$16

$36

$63

How much do freelance mortgage risk analyst jobs pay per hour?

As of Jul 24, 2026, the average hourly pay for freelance mortgage risk analyst in the United States is $36.19, according to ZipRecruiter salary data. Most workers in this role earn between $20.91 and $53.85 per hour, depending on experience, location, and employer.

What is the difference between Freelance Mortgage Risk Analyst vs Mortgage Underwriter?

AspectFreelance Mortgage Risk AnalystMortgage Underwriter
CredentialsTypically requires mortgage risk analysis certifications, financial analysis skillsRequires mortgage underwriting licenses or certifications, financial and credit analysis skills
Work EnvironmentRemote, project-based, freelanceOffice or remote, employed by banks or lending institutions
Employer & IndustryFreelance, consulting firms, mortgage companiesBanks, credit unions, mortgage lenders
Search & Comparison IntentLooking for freelance mortgage risk analysis rolesSeeking mortgage underwriting positions or roles

While both roles involve assessing mortgage applications, a Freelance Mortgage Risk Analyst primarily provides risk analysis services on a project basis, often remotely, whereas a Mortgage Underwriter is typically employed full-time by a financial institution to evaluate loan applications for approval. The skills and certifications overlap, but the work environment and employment structure differ significantly.

More about Freelance Mortgage Risk Analyst jobs
What cities are hiring for Freelance Mortgage Risk Analyst jobs? Cities with the most Freelance Mortgage Risk Analyst job openings:
What are the most commonly searched types of Mortgage Risk Analyst jobs? The most popular types of Mortgage Risk Analyst jobs are:
What states have the most Freelance Mortgage Risk Analyst jobs? States with the most job openings for Freelance Mortgage Risk Analyst jobs include:
Infographic showing various Freelance Mortgage Risk Analyst job openings in the United States as of July 2026, with employment types broken down into 89% Full Time, 6% Part Time, 1% Temporary, and 4% Contract. Highlights an 83% Physical, 7% Hybrid, and 10% Remote job distribution, with an average salary of $75,267 per year, or $36.2 per hour.
Model Risk Analyst

Full-time

Medical, Dental, Retirement

Posted 19 days ago


Job description

Job Title:
Model Risk Analyst
Location:
CityScape
What you'll do:
Western Alliance Bank (WAL) is seeking a Model Risk Analyst to join its Model Risk Management Group. Being part of the Model Risk team will put you at the center of the firm's model validation and governance activities with exposure to a wide variety of model types and cutting edge modeling techniques. In this role, you will help identify, assess, mitigate, and monitor model risk, while contributing to the ongoing development of the bank's Model Risk Management program.
  • Apply statistical, financial, economic, and business expertise to conduct independent model validation activities in accordance with the bank's Model Risk Management Policy and Federal Reserve SR 26 (including evaluating conceptual soundness, reviewing ongoing monitoring plans and reports, and conducting outcomes analysis and benchmarking etc.).
  • Prepare comprehensive model validation reports and presentations.
  • Aid in model governance activities including enhancing policies and procedures, maintaining model and critical spreadsheet inventories, managing issues/findings, and producing quarterly reporting.
  • Stay current with research and trends in statistical modeling and model risk management.

What you'll need:
  • Preferred PhD or 3+ years of related work experience in validating and/or developing the types of models used in the financial services industry.
  • Masters degree or greater in a quantitative field such as Statistics, Economics, Math, Physics, Engineering or Finance.
  • Intermediate knowledge of regulatory and legal compliance obligations, industry standards, and best practices.
  • Intermediate project management skills and ability to manage multiple projects independently.
  • Intermediate to Advanced quantitative modeling, analytical, research, and programming skills.
  • Intermediate to Advanced experience with Python, R, or SAS, with hands-on experience in SQL.
  • Intermediate verbal and written communication skills.
  • Knowledge of general banking operations, including deposit operations, loan administration, treasury management, and other commercial banking products and services preferred.

Benefits you'll love:
We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!
About the company:
Western Alliance Bank, Member FDIC, is a wholly owned subsidiary of Western Alliance Bancorporation. Serving clients nationwide, Western Alliance Bank includes six legacy bank brands - Alliance Association Bank, Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank - that remain part of the company's heritage, as well as AmeriHome Mortgage, a Western Alliance Bank Company.
Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.
© Western Alliance Bancorporation