Mortgage broker demographics and statistics in the US
Mortgage broker demographics research summary. Zippia estimates mortgage broker demographics and statistics in the United States by using a database of 30 million profiles. Our mortgage broker estimates are verified against BLS, Census, and current job openings data for accuracy. Zippia's data science team found the following key facts about mortgage brokers after extensive research and analysis:
- There are over 25,510 mortgage brokers currently employed in the United States.
- 32.5% of all mortgage brokers are women, while 67.5% are men.
- The average mortgage broker age is 44 years old.
- The most common ethnicity of mortgage brokers is White (63.0%), followed by Hispanic or Latino (16.1%), Black or African American (9.3%) and Asian (6.4%).
- In 2022, women earned 90% of what men earned.
- 8% of all mortgage brokers are LGBT.
- Mortgage brokers are 81% more likely to work at private companies in comparison to public companies.
On this page
Mortgage broker demographics by:
Mortgage broker gender statistics
32.5% of mortgage brokers are women and 67.5% of mortgage brokers are men.
- Male, 67.5%
- Female, 32.5%
Mortgage broker gender ratio
| Gender | Percentages |
|---|---|
| Male | 67.5% |
| Female | 32.5% |
Mortgage broker gender pay gap
Women earn 90¢ for every $1 earned by men
Male income
$132,162
Female income
$118,679
Mortgage broker gender ratio over time
This data breaks down the percentage of men and women in mortgage broker positions over time. Currently, 32.5% of mortgage brokers are female.
Mortgage broker gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 68.23% | 31.77% |
| 2011 | 66.16% | 33.84% |
| 2012 | 66.53% | 33.47% |
| 2013 | 67.45% | 32.55% |
| 2014 | 67.66% | 32.34% |
| 2015 | 65.34% | 34.66% |
| 2016 | 69.39% | 30.61% |
| 2017 | 67.61% | 32.39% |
| 2018 | 68.34% | 31.66% |
| 2019 | 66.47% | 33.53% |
| 2020 | 68.65% | 31.35% |
| 2021 | 67.48% | 32.52% |
Mortgage broker related jobs gender ratio
We compared mortgage brokers 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 Broker | 67% | 33% |
| 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 broker demographics by race
The most common ethnicity among mortgage brokers is White, which makes up 63.0% of all mortgage brokers. Comparatively, 16.1% of mortgage brokers are Hispanic or Latino and 9.3% of mortgage brokers are Black or African American.
- White, 63.0%
- Hispanic or Latino, 16.1%
- Black or African American, 9.3%
- Asian, 6.4%
- Unknown, 4.6%
- American Indian and Alaska Native, 0.6%
Mortgage broker race
| Mortgage broker race | Percentages |
|---|---|
| White | 63.0% |
| Hispanic or Latino | 16.1% |
| Black or African American | 9.3% |
| Asian | 6.4% |
| Unknown | 4.6% |
| American Indian and Alaska Native | 0.6% |
Mortgage broker race and ethnicity over time
See how mortgage broker racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
Mortgage broker race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 69.12% | 9.85% | 5.39% | 13.90% |
| 2011 | 68.53% | 10.15% | 5.48% | 14.00% |
| 2012 | 68.04% | 9.71% | 6.64% | 13.40% |
| 2013 | 67.86% | 9.50% | 6.69% | 13.54% |
| 2014 | 67.10% | 9.32% | 6.30% | 14.86% |
| 2015 | 68.77% | 8.68% | 6.33% | 13.77% |
| 2016 | 68.81% | 9.75% | 6.20% | 13.58% |
| 2017 | 69.33% | 8.97% | 5.92% | 13.60% |
| 2018 | 68.33% | 8.37% | 6.39% | 14.85% |
| 2019 | 67.35% | 8.48% | 6.79% | 15.10% |
| 2020 | 66.06% | 9.02% | 6.04% | 14.81% |
| 2021 | 63.01% | 9.29% | 6.43% | 16.15% |
Mortgage broker wage gap by race
According to our data, asian mortgage brokers have the highest average salary compared to other ethnicities. Black or african american mortgage brokers have the lowest average salary at $124,643.
| Ethnicity | Salary |
|---|---|
| Unknown | $134,115 |
| White | $134,909 |
| Black or African American | $124,643 |
| Asian | $138,961 |
| Hispanic or Latino | $128,664 |
Average mortgage broker age
See how the average age of mortgage brokers varies based on ethnicity and gender.
Male
Female
Mortgage broker 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 broker age breakdown
The average age of mortgage brokers is 40+ years years old, representing 64% of the mortgage broker population.
Mortgage broker age breakdown
| Mortgage Broker Years | Percentages |
|---|---|
| 40+ years | 64% |
| 30-40 years | 26% |
| 20-30 years | 10% |
Mortgage broker educational attainment
The most common degree for mortgage brokers is bachelor's degree, with 64% of mortgage brokers earning that degree. The second and third most common degree levels are associate degree degree at 17% and associate degree degree at 8%.
- Bachelor's, 64%
- Associate, 17%
- Master's, 8%
- High School Diploma, 7%
- Other Degrees, 4%
Mortgage brokers by degree level
| Mortgage broker degree | Percentages |
|---|---|
| Bachelor's | 64% |
| Associate | 17% |
| Master's | 8% |
| High School Diploma | 7% |
| Other Degrees | 4% |
Mortgage broker jobs you might like
Mortgage broker wage gap by degree level
According to the data, mortgage brokers with a Master's degree earn more than those without, at $146,830 annually. With a Bachelor's degree, mortgage brokers earn a median annual income of $136,735 compared to $123,591 for mortgage brokers with an Associate degree.
| Education | Salary |
|---|---|
| Master's Degree | $146,830 |
| High School Diploma or Less | $122,689 |
| Bachelor's Degree | $136,735 |
| Some College/ Associate Degree | $123,591 |
Mortgage broker employment statistics
Most mortgage brokers work for a private in the finance industry.
Company size where mortgage brokers work
Below, you can see the size of companies where mortgage brokers work.
Mortgage broker jobs by employer size
| Company size | Percentages |
|---|---|
| < 50 employees | 11% |
| 50 - 100 employees | 34% |
| 100 - 500 employees | 27% |
| 500 - 1,000 employees | 8% |
| 1,000 - 10,000 employees | 14% |
| > 10,000 employees | 7% |
Mortgage broker jobs by company type
Employees with the mortgage broker job title have their preferences when it comes to working for a company. For instance, most mortgage brokers prefer to work at private companies over public companies.
Mortgage broker jobs by sector
| Company type | Percentages |
|---|---|
| Public | 16% |
| Private | 81% |
| Government | 2% |
Mortgage broker jobs by industry
The most common industries for mortgage brokers are finance, professional and manufacturing.
Mortgage broker industry statistics
| Industry | Percentages |
|---|---|
| Finance | 54% |
| Professional | 7% |
| Manufacturing | 5% |
| Retail | 4% |
| Real Estate | 4% |
| Construction | 3% |
| Insurance | 3% |
| Fortune 500 | 3% |
| Technology | 3% |
| Government | 2% |
| Health Care | 2% |
| Start-up | 2% |
| Media | 1% |
| Internet | 1% |
| Hospitality | 1% |
| Transportation | 1% |
| Automotive | 1% |
| Utilities | 1% |
| Energy | 1% |
| Non Profits | 1% |
Mortgage broker turnover and employment statistics
Mortgage broker unemployment rate over time
The unemployment rate for mortgage brokers between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
Mortgage broker unemployment rate by year
| Year | Mortgage broker 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 broker tenure
The average mortgage broker stays at their job for 1-2 years, based on the 4,989 mortgage brokers resumes in Zippia's database.
Mortgage broker tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 11% |
| 1-2 years | 39% |
| 3-4 years | 23% |
| 5-7 years | 15% |
| 8-10 years | 5% |
| 11+ years | 8% |
Mortgage broker LGBT ratio compared to similar jobs
Review the percent of mortgage brokers 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 |
|---|---|---|
| Business & Finance Analyst | 7.33% | 168,111 |
| Field Auditor | 7.40% | 63,599 |
| Tax Preparer | 7.56% | 41,736 |
| Customs Verifier | 7.65% | 1,264 |
| Mortgage Broker | 7.87% | - |
| Budget Examiner | 12.94% | 2,896 |
| Senior Examiner | 19.38% | 2,135 |
Similar mortgage broker jobs LGBT demographics
| Profession | Percentages of LGBT | Job openings |
|---|---|---|
| Business & Finance Analyst | 7.33% | 168,111 |
| Field Auditor | 7.40% | 63,599 |
| Tax Preparer | 7.56% | 41,736 |
| Customs Verifier | 7.65% | 1,264 |
| Budget Examiner | 12.94% | 2,896 |
| Senior Examiner | 19.38% | 2,135 |
Foreign languages spoken by mortgage brokers
The most common foreign language among mortgage brokers is Spanish at 65.7%. The second-most popular foreign language spoken is French at 9.3% and Portuguese is the third-most popular at 4.1%.
- Spanish, 65.7%
- French, 9.3%
- Portuguese, 4.1%
- Mandarin, 2.9%
- Chinese, 2.3%
- Other, 15.7%
Mortgage broker languages spoken
| Foreign language | Percentages |
|---|---|
| Spanish | 65.7% |
| French | 9.3% |
| Portuguese | 4.1% |
| Mandarin | 2.9% |
| Chinese | 2.3% |
| Other | 15.7% |
