Mortgage banker demographics and statistics in the US
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Mortgage banker demographics by:
Mortgage banker gender statistics
28.3% of mortgage bankers are women and 71.7% of mortgage bankers are men.
- Male, 71.7%
- Female, 28.3%
Mortgage banker gender ratio
| Gender | Percentages |
|---|---|
| Male | 71.7% |
| Female | 28.3% |
Mortgage banker gender pay gap
Women earn 71¢ for every $1 earned by men
Male income
$33,261
Female income
$23,485
Mortgage banker gender ratio over time
This data breaks down the percentage of men and women in mortgage banker positions over time. Currently, 28.3% of mortgage bankers are female.
Mortgage banker gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 72.37% | 27.63% |
| 2011 | 70.45% | 29.55% |
| 2012 | 70.79% | 29.21% |
| 2013 | 71.65% | 28.35% |
| 2014 | 71.84% | 28.16% |
| 2015 | 69.69% | 30.31% |
| 2016 | 73.43% | 26.57% |
| 2017 | 71.80% | 28.20% |
| 2018 | 72.48% | 27.52% |
| 2019 | 70.74% | 29.26% |
| 2020 | 72.75% | 27.25% |
| 2021 | 71.67% | 28.33% |
Mortgage banker related jobs gender ratio
We compared mortgage bankers with similar job titles to see how gender ratios vary. As you can see, renewable energy system finance specialist and chartered finance analyst have the biggest gender ratio gaps.
| Job title | Male | Female |
|---|---|---|
| Escrow Officer | 15% | 85% |
| Customs Verifier | 20% | 80% |
| Credit Assistant | 20% | 80% |
| Mortgage Banker | 72% | 28% |
| Head Analyst | 86% | 14% |
| Chartered Finance Analyst | 90% | 10% |
| Renewable Energy System Finance Specialist | 92% | 8% |
Male
Female
100%
75%
50%
25%
0%
0%
25%
50%
75%
100%
Mortgage banker demographics by race
The most common ethnicity among mortgage bankers is White, which makes up 63.2% of all mortgage bankers. Comparatively, 15.7% of mortgage bankers are Hispanic or Latino and 9.5% of mortgage bankers are Black or African American.
- White, 63.2%
- Hispanic or Latino, 15.7%
- Black or African American, 9.5%
- Asian, 6.5%
- Unknown, 4.7%
- American Indian and Alaska Native, 0.4%
Mortgage banker race
| Mortgage banker race | Percentages |
|---|---|
| White | 63.2% |
| Hispanic or Latino | 15.7% |
| Black or African American | 9.5% |
| Asian | 6.5% |
| Unknown | 4.7% |
| American Indian and Alaska Native | 0.4% |
Mortgage banker race and ethnicity over time
See how mortgage banker racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
Mortgage banker race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 69.27% | 10.05% | 5.50% | 13.43% |
| 2011 | 68.68% | 10.35% | 5.59% | 13.53% |
| 2012 | 68.20% | 9.91% | 6.75% | 12.93% |
| 2013 | 68.02% | 9.70% | 6.80% | 13.07% |
| 2014 | 67.25% | 9.52% | 6.40% | 14.39% |
| 2015 | 68.92% | 8.88% | 6.43% | 13.30% |
| 2016 | 68.96% | 9.95% | 6.30% | 13.11% |
| 2017 | 69.48% | 9.17% | 6.02% | 13.13% |
| 2018 | 68.48% | 8.57% | 6.49% | 14.38% |
| 2019 | 67.50% | 8.68% | 6.89% | 14.62% |
| 2020 | 66.21% | 9.22% | 6.15% | 14.34% |
| 2021 | 63.16% | 9.49% | 6.54% | 15.68% |
Mortgage banker wage gap by race
According to our data, asian mortgage bankers have the highest average salary compared to other ethnicities. Black or african american mortgage bankers have the lowest average salary at $27,521.
| Ethnicity | Salary |
|---|---|
| Unknown | $34,877 |
| White | $35,549 |
| Black or African American | $27,521 |
| Asian | $39,119 |
| Hispanic or Latino | $30,497 |
Average mortgage banker age
See how the average age of mortgage bankers varies based on ethnicity and gender.
Male
Female
Mortgage banker age by race and gender
| Race | Male age | Female age |
|---|---|---|
| Unknown | 43 | 41 |
| White | 44 | 46 |
| Black or African American | 42.5 | 42 |
| Asian | 42 | 45 |
| Hispanic or Latino | 40.5 | 41 |
Mortgage banker age breakdown
The average age of mortgage bankers is 40+ years years old, representing 64% of the mortgage banker population.
Mortgage banker age breakdown
| Mortgage Banker Years | Percentages |
|---|---|
| 40+ years | 64% |
| 30-40 years | 26% |
| 20-30 years | 10% |
Mortgage banker educational attainment
The most common degree for mortgage bankers is bachelor's degree, with 72% of mortgage bankers earning that degree. The second and third most common degree levels are associate degree degree at 12% and associate degree degree at 7%.
- Bachelor's, 72%
- Associate, 12%
- Master's, 7%
- High School Diploma, 5%
- Other Degrees, 4%
Mortgage bankers by degree level
| Mortgage banker degree | Percentages |
|---|---|
| Bachelor's | 72% |
| Associate | 12% |
| Master's | 7% |
| High School Diploma | 5% |
| Other Degrees | 4% |
Mortgage banker jobs you might like
Mortgage banker wage gap by degree level
According to the data, mortgage bankers with a Master's degree earn more than those without, at $46,747 annually. With a Bachelor's degree, mortgage bankers earn a median annual income of $37,129 compared to $26,777 for mortgage bankers with an Associate degree.
| Education | Salary |
|---|---|
| Master's Degree | $46,747 |
| High School Diploma or Less | $26,150 |
| Bachelor's Degree | $37,129 |
| Some College/ Associate Degree | $26,777 |
Mortgage banker employment statistics
Company size where mortgage bankers work
Below, you can see the size of companies where mortgage bankers work.
Mortgage banker jobs by employer size
| Company size | Percentages |
|---|---|
| < 50 employees | 7% |
| 50 - 100 employees | 25% |
| 100 - 500 employees | 27% |
| 500 - 1,000 employees | 13% |
| 1,000 - 10,000 employees | 18% |
| > 10,000 employees | 10% |
Mortgage banker jobs by industry
The most common industries for mortgage bankers are finance, real estate and professional.
Mortgage banker industry statistics
| Industry | Percentages |
|---|---|
| Finance | 74% |
| Fortune 500 | 5% |
| Real Estate | 4% |
| Professional | 4% |
| Construction | 2% |
| Manufacturing | 2% |
| Technology | 2% |
| Start-up | 1% |
| Non Profits | 1% |
| Health Care | 1% |
| Automotive | 1% |
| Hospitality | 1% |
| Insurance | 1% |
Mortgage banker turnover and employment statistics
Mortgage banker unemployment rate over time
The unemployment rate for mortgage bankers between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
Mortgage banker unemployment rate by year
| Year | Mortgage banker unemployment rate |
|---|---|
| 2010 | 7.62% |
| 2011 | 6.08% |
| 2012 | 4.66% |
| 2013 | 3.31% |
| 2014 | 4.27% |
| 2015 | 2.27% |
| 2016 | 2.06% |
| 2017 | 1.56% |
| 2018 | 1.99% |
| 2019 | 1.92% |
| 2020 | 1.62% |
| 2021 | 2.33% |
Average mortgage banker tenure
The average mortgage banker stays at their job for 1-2 years, based on the 5,930 mortgage bankers resumes in Zippia's database.
Mortgage banker tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 26% |
| 1-2 years | 40% |
| 3-4 years | 11% |
| 5-7 years | 12% |
| 8-10 years | 5% |
| 11+ years | 5% |
Mortgage banker LGBT ratio compared to similar jobs
Review the percent of mortgage bankers that are members of the LGBT community. You can see how this compares to similar jobs in the chart below.
| Job title | LGBT | Job openings |
|---|---|---|
| Financial Analyst Internship | 7.33% | 104,448 |
| Information Technology Auditor | 7.40% | 91,033 |
| Tax Internship | 7.56% | 71,991 |
| Revenue Agent | 7.65% | 36,984 |
| Mortgage Banker | 7.87% | - |
| Budget Assistant | 12.94% | 895 |
| Examining Officer | 19.38% | 55,872 |
Similar mortgage banker jobs LGBT demographics
| Profession | Percentages of LGBT | Job openings |
|---|---|---|
| Financial Analyst Internship | 7.33% | 104,448 |
| Information Technology Auditor | 7.40% | 91,033 |
| Tax Internship | 7.56% | 71,991 |
| Revenue Agent | 7.65% | 36,984 |
| Budget Assistant | 12.94% | 895 |
| Examining Officer | 19.38% | 55,872 |
Foreign languages spoken by mortgage bankers
The most common foreign language among mortgage bankers is Spanish at 55.8%. The second-most popular foreign language spoken is French at 8.6% and Arabic is the third-most popular at 6.1%.
- Spanish, 55.8%
- French, 8.6%
- Arabic, 6.1%
- Italian, 5.1%
- Portuguese, 4.6%
- Other, 19.8%
Mortgage banker languages spoken
| Foreign language | Percentages |
|---|---|
| Spanish | 55.8% |
| French | 8.6% |
| Arabic | 6.1% |
| Italian | 5.1% |
| Portuguese | 4.6% |
| Other | 19.8% |
