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Research Summary. Using a database of 30 million profiles, Zippia estimates demographics and statistics for mortgage brokers in the United States. Our estimates are verified against BLS, Census, and current job openings data for accuracy. After extensive research and analysis, Zippia's data science team found that:

  • 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 age of an employed mortgage broker 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 2021, 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.

Mortgage Broker Statistics By Gender

32.5% of mortgage brokers are women and 67.5% of mortgage brokers are men.

  • Male, 67.5%
  • Female, 32.5%

Mortgage Brokers By Gender

GenderPercentages
Male67.5%
Female32.5%

Gender Pay Gap For Mortgage Broker

Women Earn 90¢ For Every $1 Earned By Men

male-income
Male Income
$132,162
female-income
Female Income
$118,679

Mortgage Broker Gender Over Time

This data shows how men and women predominate in the mortgage broker position over time.

Male
Female
100%
80%
60%
40%
20%
0%
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021

Mortgage Broker Gender By Year

YearMaleFemale
201068.23%31.77%
201166.16%33.84%
201266.53%33.47%
201367.45%32.55%
201467.66%32.34%
201565.34%34.66%
201669.39%30.61%
201767.61%32.39%
201868.34%31.66%
201966.47%33.53%
202068.65%31.35%
202167.48%32.52%

Mortgage Broker Male to Female Ratio

We compared this job title with other job titles to see how gender percentages varied. As you can see, renewable energy system finance specialist and chartered finance analyst have the biggest difference in gender.

Job TitleMaleFemale
Escrow Officer15%85%
Customs Verifier20%80%
Credit Assistant20%80%
Mortgage Broker67%33%
Head Analyst86%14%
Chartered Finance Analyst90%10%
Renewable Energy System Finance Specialist92%8%

Mortgage Broker Statistics By Race

The most common ethnicity among mortgage brokers is White, which makes up 63.0% of all mortgage brokers. Comparatively, there are 16.1% of the Hispanic or Latino ethnicity and 9.3% of the Black or African American ethnicity.

  • 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 RacePercentages
White63.0%
Hispanic or Latino16.1%
Black or African American9.3%
Asian6.4%
Unknown4.6%
American Indian and Alaska Native0.6%

Mortgage Broker Race And Ethnicity Over Time

Using the Census Bureau data, we found out how the percentage of each ethnic category trended between 2010-2019 among mortgage brokers.

  • White
  • Asian
  • Hispanic or Latino
  • Black or African American

Mortgage Broker Race By Year

YearWhiteBlack or African AmericanAsianHispanic or Latino
201069.12%9.85%5.39%13.90%
201168.53%10.15%5.48%14.00%
201268.04%9.71%6.64%13.40%
201367.86%9.50%6.69%13.54%
201467.10%9.32%6.30%14.86%
201568.77%8.68%6.33%13.77%
201668.81%9.75%6.20%13.58%
201769.33%8.97%5.92%13.60%
201868.33%8.37%6.39%14.85%
201967.35%8.48%6.79%15.10%
202066.06%9.02%6.04%14.81%
202163.01%9.29%6.43%16.15%

Mortgage Broker Wage Gap By Race

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.
$140,000
$137,000
$134,000
$131,000
$128,000
$125,000
$122,000
Unknown
White
Black or African American
Asian
Hispanic or Latino
EthnicitySalary
Unknown$134,115
White$134,909
Black or African American$124,643
Asian$138,961
Hispanic or Latino$128,664

Average Age of a Mortgage Broker

We determined the average age of mortgage brokers based on ethnicity and gender.

Male
Female

Mortgage Broker Age By Race

RaceMale AgeFemale Age
Unknown4341
White4446
Black or African American42.542
Asian4245
Hispanic or Latino40.541

Mortgage Broker Age Breakdown

This chart breaks down the ages of mortgage broker employees. Interestingly enough, the average age of mortgage brokers is 40+ years old, which represents 64% of the population.

40+ years

30-40 years

20-30 years


Mortgage Broker Age

Mortgage Broker YearsPercentages
40+ years64%
30-40 years26%
20-30 years10%

Types of Mortgage Broker Degree Levels

The most common degree for mortgage brokers is bachelor's degree 64% of mortgage brokers earn that degree. A close second is associate degree with 17% and rounding it off is master's degree with 8%.

  • Bachelors, 64%
  • Associate, 17%
  • Masters, 8%
  • High School Diploma, 7%
  • Other Degrees, 4%

Mortgage Brokers By Education

Mortgage Broker DegreePercentages
Bachelors64%
Associate17%
Masters8%
High School Diploma7%
Other Degrees4%

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Mortgage Broker Wage Gap By Education

Mortgage brokers with a Masters degree earn more than those without, at $146,830 annually. With a Bachelors degree, mortgage brokers earn a median annual income of $136,735 compared to $123,591 for mortgage brokers with an Associate degree.
$148,000
$143,000
$138,000
$133,000
$128,000
$123,000
$118,000
High School Diploma or Less
Master's Degree
Bachelor's Degree
Some College/ Associate Degree
EducationSalary
High School Diploma or Less$122,689
Master's Degree$146,830
Bachelor's Degree$136,735
Some College/ Associate Degree$123,591

Mortgage Broker Employment Statistics

This section highlights information about where mortgage brokers work. We found most mortgage brokers work for a private company. In addition, the industry that employs the most mortgage brokers is the finance industry.

Company Size

We created this chart to show you the average size of companies that typically hire mortgage brokers.

< 50 employees

50 - 100 employees

100 - 500 employees

500 - 1,000 employees

1,000 - 10,000 employees

> 10,000

Mortgage Broker Jobs By Employer Size

Company SizePercentages
< 50 employees11%
50 - 100 employees34%
100 - 500 employees27%
500 - 1,000 employees8%
1,000 - 10,000 employees14%
> 10,000 employees7%

The Types Of Companies Mortgage Broker Work In

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.

Public

Private

Government

Mortgage Broker Jobs By Sector

Company TypePercentages
Public16%
Private81%
Government2%

Top Industries Hiring Mortgage Brokers

Just based on the number of employees within each industry, we were able to determine the most common industries that employ mortgage brokers. Those industries include finance, professional and manufacturing.

Finance

Professional

Manufacturing

Retail

Real Estate

Mortgage Broker Turnover And Employment Statistics

Mortgage Broker Unemployment Rate Over Time

The Bureau of Labor Statistics came in clutch when it came down to figuring out how the unemployment rate has changed over time. Between 2008 and 2018, this is how the number of mortgage brokers changed.

  • Unemployment rate

Mortgage Broker Unemployment Rate By Year

YearMortgage Broker Unemployment Rate
20107.62%
20116.08%
20124.66%
20133.31%
20144.27%
20152.27%
20162.06%
20171.56%
20181.99%
20191.92%
20201.62%
20212.33%

The Average Number of Years That Mortgage Broker Stay in a Job

By looking over 4,989 mortgage brokers resumes, we figured out that the average mortgage broker enjoys staying at their job for 1-2 years for a percentage of 39%.

Less than one year

1-2 years

3-4 years

5-7 years

8-10 years

11+ years

Mortgage Broker Tenure

Number or YearsPercentages
Less than 1 year11%
1-2 years39%
3-4 years23%
5-7 years15%
8-10 years5%
11+ years8%

Comparing The LGBT Ratio of Mortgage Brokers with Other Job Titles

After finding the gender ratio, we wondered if the percentages of LGBT persons were different as well. Using the data below, you can see how other job titles compare to mortgage brokers.

Job TitleLGBTJob Openings
Business & Finance Analyst7.33%168,111
Field Auditor7.40%63,599
Tax Preparer7.56%41,736
Customs Verifier7.65%1,264
Mortgage Broker7.87%-
Budget Examiner12.94%2,896
Senior Examiner19.38%2,135

Mortgage Broker LGBT Demographics

ProfessionPercentages of LGBT Job Openings
Business & Finance Analyst7.33%168,111
Field Auditor7.40%63,599
Tax Preparer7.56%41,736
Customs Verifier7.65%1,264
Budget Examiner12.94%2,896
Senior Examiner19.38%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 LanguagePercentages
Spanish65.7%
French9.3%
Portuguese4.1%
Mandarin2.9%
Chinese2.3%
Other15.7%

Mortgage Broker Jobs

Mortgage Broker Heatmaps

Which State Has The Most Mortgage Brokers?

By looking through more than 4,989 resumes, we found that the most popular places for mortgage brokers are Miami, FL and Tampa, FL.

Number of Mortgage Brokers

Number Of Mortgage Broker Jobs By State

RankStateNumber of JobsAverage Salary
1California1,217$129,136
2Texas984$124,115
3Florida861$112,693
4Illinois610$106,239
5New York583$126,585
6Ohio491$105,649
7Arizona476$102,691
8North Carolina466$107,953
9Pennsylvania459$112,714
10Minnesota447$121,666
11Michigan419$110,123
12Georgia415$104,424
13New Jersey358$124,044
14Colorado340$114,675
15Washington283$130,660
16Indiana262$88,875
17Maryland258$115,869
18Missouri236$105,661
19Massachusetts234$112,278
20Tennessee234$98,104
21Iowa157$112,809
22South Carolina146$108,371
23Oregon143$135,929
24Kentucky140$105,338
25Kansas137$109,216
26Alabama136$92,205
27Connecticut133$112,199
28Nevada106$108,606
29Nebraska88$112,145
30Arkansas85$138,256
31Louisiana82$108,165
32Oklahoma77$113,388
33Idaho77$107,437
34Rhode Island76$123,037
35Mississippi68$90,823
36South Dakota66$135,568
37Maine61$139,540
38Delaware59$89,809
39North Dakota53$112,008
40New Mexico51$149,263
41West Virginia49$106,743
42Montana48$123,026
43New Hampshire47$115,535
44Hawaii45$125,767
45District of Columbia41$115,766
46Alaska32$96,005
47Vermont0$126,568
48Wyoming0$125,342
49Virginia0$108,632
50Wisconsin0$99,848
51Utah0$98,479

Mortgage Broker Demographics FAQs

How Many Mortgage Broker Are There In The Us?

There are over 25,510 Mortgage Brokers in the United States.

What Percentage Of Mortgage Brokers Are Black?

9.3% of Mortgage Brokers are Black or African American

What Race Are Most Mortgage Brokers?

Most a are White, with 63.0% of Mortgage Brokers belonging to this ethnicity. 16.1% of Mortgage Brokers are Hispanic or Latino, 9.3% of Mortgage Brokers are Black or African American, 6.4% of Mortgage Brokers are Asian, 4.6% of Mortgage Brokers are Unknown, and 0.6% of Mortgage Brokers are American Indian and Alaska Native

Are Mortgage Broker Jobs Male - Dominated?

Yes, Mortgage Broker jobs are male - dominated. 67% of Mortgage Brokers are male, and 32% are female, so there are more male Mortgage Brokers than female Mortgage Brokers in the United States.

How Old Is The Average Mortgage Broker?

The average Mortgage Broker is 45 years old. 64% of Mortgage Brokers are 40+ years old or older, 26% are between the ages of 30-40 years, and 10% are between 20-30 years old

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