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
Gender Pay Gap For Mortgage Broker
Women Earn 90¢ For Every $1 Earned By Men
Mortgage Broker Gender Over Time
This data shows how men and women predominate in the mortgage broker position over time.
Mortgage Broker Gender By Year
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.
|Chartered Finance Analyst||90%||10%|
|Renewable Energy System Finance Specialist||92%||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 Race||Percentages|
|Hispanic or Latino||16.1%|
|Black or African American||9.3%|
|American Indian and Alaska Native||0.6%|
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.
- Hispanic or Latino
- Black or African American
Mortgage Broker Race By Year
|Year||White||Black or African American||Asian||Hispanic or Latino|
Mortgage Broker Wage Gap By Race
|Black or African American||$124,643|
|Hispanic or Latino||$128,664|
Average Age of a Mortgage Broker
We determined the average age of mortgage brokers based on ethnicity and gender.
Mortgage Broker Age By Race
|Race||Male Age||Female Age|
|Black or African American||42.5||42|
|Hispanic or Latino||40.5||41|
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.
Mortgage Broker Age
|Mortgage Broker Years||Percentages|
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 Degree||Percentages|
|High School Diploma||7%|
Mortgage Broker Jobs You Might Like
Mortgage Broker Wage Gap By Education
|High School Diploma or Less||$122,689|
|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.
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
Mortgage Broker Jobs By Employer Size
|< 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%|
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.
Mortgage Broker Jobs By Sector
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.
Mortgage Broker Industry Statistics
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
|Year||Mortgage Broker Unemployment Rate|
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
Mortgage Broker Tenure
|Number or Years||Percentages|
|Less than 1 year||11%|
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 Title||LGBT||Job Openings|
|Business & Finance Analyst||7.33%||168,111|
Mortgage Broker LGBT Demographics
|Profession||Percentages of LGBT||Job Openings|
|Business & Finance Analyst||7.33%||168,111|
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