This paper introduces an alternative form of analytic signal that is formed using homomorphic signal processing techniques. It may be generated for signals that demonstrate redundancy in their pole-zero distributions, such as phase signals and real signals. The analytic signal is formed by manipulating the positions of the signal's nonminimum phase poles and zeros to create a minimum phase signal. A factorization of real signals is presented that demonstrates the properties of the homomorphic analytic signal, and a new definition of instantaneous frequency is developed. Examples are given to verify the theory and comparisons with the linear analytic signal, and instantaneous frequency are made.