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Freelance Mortgage Risk Analyst Jobs (NOW HIRING)

Federal Home Loan Bank of Chicago

$75 - $126/hr

... support of mortgage lending and community investment. What it's like to work here At FHLBank ... What you'll do The Model Risk Analyst (Analyst) within the Model Risk Management Group (MRM) is ...

Pe-Risk

Insurance and Risk Analyst

Dallas, TX

... mortgage services - and more. In the last twelve years, Acrisure has grown in revenue from $38 ... Responsibilities Risk Analysis and Assessment * Conduct comprehensive risk assessments for the real ...

First American

$97K - $130K/yr

ServiceMac is focused on providing superior technology, products, and services for the mortgage and ... Conducts risk assessments to ensure compliance with federal and state regulatory requirements ...

First American

Principal Risk Analyst-ServiceMac

Iowa, LA · On-site +1

$97K - $130K/yr

ServiceMac is focused on providing superior technology, products, and services for the mortgage and ... Conducts risk assessments to ensure compliance with federal and state regulatory requirements ...

First American

Risk Analyst (Hybrid)

Santa Ana, CA · Hybrid

What We Do First American is seeking a Risk Analyst to help strengthen our risk management and ... Financial services, title insurance, mortgage, settlement services, banking, insurance ...

Fhlbatl

Senior Collateral Risk Analyst

Atlanta, GA · On-site

$80 - $100/hr

Senior Collateral Risk Analyst page is loaded## Senior Collateral Risk Analystlocations: Atlanta ... Prepares and participates in the evaluation of all mortgage loan collateral pledged to the Bank ...

FHLB Des Moines

Senior Mortgage Analyst

Des Moines, IA · Hybrid

$65K - $77K/yr

Responsible for monitoring and reporting relative to mortgage key risk indicators for the Bank ... Detail-oriented with strong analytical and organization skills. * Highly-motivated, results ...

Alliant

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 Sep 6, 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.

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:

Freelance Mortgage Risk Analyst jobs near you
Infographic showing various Freelance Mortgage Risk Analyst job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 88% Full Time, 8% Part Time, and 3% Contract. Highlights an 87% Physical, 5% Hybrid, and 8% Remote job distribution, with an average salary of $75,267 per year, or $36.2 per hour.

Model Risk Analyst

Federal Home Loan Bank of Chicago

Chicago, IL • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 4 days ago

Job description

At the Federal Home Loan Bank of Chicago, employees come first - that's why we offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees.
  • Collaborative, in-office operating model

  • Retirement program (401k and Pension)

  • Medical, dental and vision insurance

  • Lifestyle Spending Account

  • Competitive PTO plan

  • 11 paid holidays per year

Who we are
Our mission at FHLBank Chicago: To partner with our members in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment, and support for their community investment activities.
Simply said, we're a bank for banks and other financial institutions, focused on being a strategic partner for our members and working together to reinvest in our communities, from urban centers to rural areas. Created by Congress in 1932, FHLBank Chicago is one of 11 Federal Home Loan Banks, government sponsored in support of mortgage lending and community investment.
What it's like to work here
At FHLBank Chicago, we bring people together. We are committed to a high performing, engaged workforce, and to supporting the communities we serve across Illinois and Wisconsin. Our Buddy Program pairs new hires with tenured employees to guide their onboarding. Our professional development and training opportunities through upskilling, mentorship programs, and tuition reimbursement allow employees to grow their career with us. Our collaborative, in-office operating model brings teams together to foster innovation, connection, and shared success. To support balance and flexibility, employees are provided with an allocation of remote days to use as needed throughout the year.
What you'll do
The Model Risk Analyst (Analyst) within the Model Risk Management Group (MRM) is responsible for various tasks supporting model validation and risk governance. The tasks are both technical (e.g., related to data analytics and quantitative modeling) and administrative (e.g., documentation requirements). By completing these tasks, the analyst will enhance both his/her technical skills and understanding of how financial models are used within the bank.
How you'll make an impact
  • Drive Innovation: Lead the charge in enhancing credit and financial models by challenging current methods and proposing innovative enhancements to improve model effectiveness.
  • Collaborate and Influence: Work closely with model owners and stakeholders, presenting testing results and providing constructive recommendations to strengthen our risk management practices.
  • Automate and Optimize: Recommend new ways to automate and improve the modeling process, ensuring efficiency and accuracy in our financial risk assessments.

What you can expect
  • Explain and present testing results to MRM, model owners and other stakeholders;
  • Work effectively with other risk analysts within MRM and perform ad-hoc analysis to support model-related initiatives;
  • Review model data sources, assumptions, and underlying theory for conceptual soundness;
  • Perform sensitivity analysis and attribution analysis to determine the key financial risk factor(s)/input(s) impacting the Model;
  • Challenge current methods by considering additional modeling enhancements or different metrics to assess model effectiveness;
  • Perform independent benchmarking, back testing and other analysis for applicable models;
  • Recommend new ways to automate/improve the modeling process;
  • Effectively challenge the model owners by identifying potential model weakness and provide constructive recommendations.

What you'll bring
  • Graduate Degree (MS/MA/MBA) in a quantitative discipline (e.g., Mathematics, Statistics, Financial Mathematics, Econometrics);
  • 0-3 years of modeling or model validation working experience;
  • Passionate about risk management and interested in model validation;
  • Detail-oriented, a critical thinker and possess excellent communication skills;
  • Proficient in Microsoft Office suite (Excel, Word, Access, PowerPoints)
  • Knowledge in Statistics (logistic regression) and basic data analysis plus knowledge of SQL/R/Python
  • Basic understanding in fixed income securities or mortgage products (CFA/FRM certifications a plus).
  • Knowledge of stochastic processes or interest-rate model techniques preferred;
  • Experience using machine learning techniques utilizing regression and classification algorithms preferred;
  • Familiar with Tableau and level of detail (LOD) preferred

The Perks
At FHLBank Chicago, we believe in rewarding our high performing workforce. We offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees. Our retirement program includes a 401(k) and pension plan. Our wellbeing program supports employees at work and in their personal lives: Our PTO plan provides five weeks of vacation for new employees and 11 paid holidays per year; our Lifestyle Spending Account provides an annual stipend for employees to support wellbeing activities; and our central downtown location at the Old Post Office provides easy access to public transportation and breathtaking views from our award-winning rooftop. Visit FHLBCbenefits.com for additional details about our benefits. Step into a brighter future with us.
Salary Range:
$75,325.00 - $125,500.00
The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we may also consider your experience, and other job-related factors. In addition to the base salary, we offer a comprehensive benefits package which can be found here: https://hrportal.ehr.com/fhlbc

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