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Mortgage Broker Careers

There is more than meets the eye when it comes to being a mortgage broker. For example, did you know that they make an average of $64.73 an hour? That's $134,639 a year!

Between 2018 and 2028, the career is expected to grow 8% and produce 24,300 job opportunities across the U.S.

What Does a Mortgage Broker Do

There are certain skills that many mortgage brokers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed detail oriented, initiative and interpersonal skills.

When it comes to the most important skills required to be a mortgage broker, we found that a lot of resumes listed 16.4% of mortgage brokers included financial status, while 15.7% of resumes included loan portfolio, and 13.0% of resumes included loan applications. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the mortgage broker job title. But what industry to start with? Most mortgage brokers actually find jobs in the finance and hospitality industries.

How To Become a Mortgage Broker

If you're interested in becoming a mortgage broker, one of the first things to consider is how much education you need. We've determined that 52.9% of mortgage brokers have a bachelor's degree. In terms of higher education levels, we found that 6.5% of mortgage brokers have master's degrees. Even though most mortgage brokers have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a mortgage broker. When we researched the most common majors for a mortgage broker, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on mortgage broker resumes include master's degree degrees or high school diploma degrees.

You may find that experience in other jobs will help you become a mortgage broker. In fact, many mortgage broker jobs require experience in a role such as loan officer. Meanwhile, many mortgage brokers also have previous career experience in roles such as account executive or branch manager.

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Average Salary
$134,639
Average Salary
Job Growth Rate
8%
Job Growth Rate
Job Openings
12,557
Job Openings

Mortgage Broker Career Paths

Top Careers Before Mortgage Broker

Top Careers After Mortgage Broker

Mortgage Broker Jobs You Might Like

What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Mortgage Broker Resumes

Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming a Mortgage Broker. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.

Learn How To Write a Mortgage Broker Resume

At Zippia, we went through countless Mortgage Broker resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Detailed Information

Mortgage Broker Demographics

Gender

male

63.8 %

female

32.0 %

unknown

4.2 %

Ethnicity

White

68.7 %

Hispanic or Latino

14.6 %

Black or African American

8.3 %

Foreign Languages Spoken

Spanish

65.7 %

French

9.3 %

Portuguese

4.1 %
See More Demographics

Mortgage Broker Education

Majors

Business
37.7 %
Finance
11.3 %

Degrees

Bachelors

52.9 %

Certificate

17.0 %

Associate

13.9 %

Top Colleges for Mortgage Brokers

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

5. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

6. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

7. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

8. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

9. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

10. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339
See More Education Info

Online Courses For Mortgage Broker That You May Like

Advanced Mortgage Loan Processor: Essential Skills Training
udemy
4.5
(385)

Finibi Mortgage CEO, Joe Correa, teaches you how to take your mortgage loan processor career to the next level...

Become a Mortgage Loan Processor
udemy
4.4
(2,162)

Finibi Mortgage CEO, Joe Correa, teaches you how to become a mortgage loan processor...

U.S. Residential Mortgage Business
udemy
4.3
(1,638)

A comprehensive US mortgage analysis. Covering all aspects of the residential mortgage industry in the US...

See more
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Top Skills For a Mortgage Broker

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 16.4% of mortgage brokers listed financial status on their resume, but soft skills such as detail oriented and initiative are important as well.

  • Financial Status, 16.4%
  • Loan Portfolio, 15.7%
  • Loan Applications, 13.0%
  • Real Estate, 8.4%
  • Credit Reports, 6.6%
  • Other Skills, 39.9%
  • See All Mortgage Broker Skills

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Top Mortgage Broker Employers

1. First Mortgage
4.2
Avg. Salary: 
$124,656
Mortgage Brokers Hired: 
24+
2. American Mortgage
4.2
Avg. Salary: 
$120,740
Mortgage Brokers Hired: 
21+
3. Allied Mortgage Group
3.5
Avg. Salary: 
$128,742
Mortgage Brokers Hired: 
16+
4. Wells Fargo
4.7
Avg. Salary: 
$111,936
Mortgage Brokers Hired: 
13+
5. Allied Capital
4.6
Avg. Salary: 
$130,538
Mortgage Brokers Hired: 
13+
6. Homestar Mortgage Services
4.2
Avg. Salary: 
$125,805
Mortgage Brokers Hired: 
11+

Mortgage Broker Videos

Updated October 2, 2020