Mortgage processor demographics and statistics in the US
Mortgage processor demographics research summary. Zippia estimates mortgage processor demographics and statistics in the United States by using a database of 30 million profiles. Our mortgage processor 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 processors after extensive research and analysis:
- There are over 149,958 mortgage processors currently employed in the United States.
- 75.8% of all mortgage processors are women, while 24.2% are men.
- The average mortgage processor age is 41 years old.
- The most common ethnicity of mortgage processors is White (61.6%), followed by Hispanic or Latino (14.1%), Black or African American (13.0%) and Asian (6.6%).
- Mortgage processors are most in-demand in Urbandale, IA.
- The professional industry is the highest-paying for mortgage processors.
- Phoenix, AZ pays an annual average wage of $53,493, the highest in the US.
- In 2022, women mortgage processors earned 98% of what men earned.
- 7% of all mortgage processors are LGBT.
- Arizona is the best state for mortgage processors to live.
- Mortgage processors are 71% more likely to work at private companies in comparison to public companies.
On this page
Mortgage processor demographics by:
Mortgage processor gender statistics
75.8% of mortgage processors are women and 24.2% of mortgage processors are men.
- Female, 75.8%
- Male, 24.2%
Mortgage processor gender ratio
| Gender | Percentages |
|---|---|
| Female | 75.8% |
| Male | 24.2% |
Mortgage processor gender pay gap
Women earn 98¢ for every $1 earned by men
Male income
$41,043
Female income
$40,055
Mortgage processor gender ratio over time
This data breaks down the percentage of men and women in mortgage processor positions over time. Currently, 75.8% of mortgage processors are female.
Mortgage processor gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 16.79% | 83.21% |
| 2011 | 19.57% | 80.43% |
| 2012 | 18.97% | 81.03% |
| 2013 | 20.52% | 79.48% |
| 2014 | 19.02% | 80.98% |
| 2015 | 20.89% | 79.11% |
| 2016 | 22.33% | 77.67% |
| 2017 | 24.26% | 75.74% |
| 2018 | 24.19% | 75.81% |
| 2019 | 22.17% | 77.83% |
| 2020 | 23.41% | 76.59% |
| 2021 | 24.16% | 75.84% |
Mortgage processor related jobs gender ratio
We compared mortgage processors with similar job titles to see how gender ratios vary. As you can see, technical service advisor and courtesy associate have the biggest gender ratio gaps.
| Job title | Male | Female |
|---|---|---|
| Loan Secretary | 4% | 96% |
| Dental Receptionist | 5% | 95% |
| Receptionist Secretary | 6% | 94% |
| Mortgage Processor | 24% | 76% |
| Lead Ramp Agent | 86% | 14% |
| Courtesy Associate | 88% | 12% |
| Technical Service Advisor | 89% | 11% |
Male
Female
100%
75%
50%
25%
0%
0%
25%
50%
75%
100%
Mortgage processor demographics by race
The most common ethnicity among mortgage processors is White, which makes up 61.6% of all mortgage processors. Comparatively, 14.1% of mortgage processors are Hispanic or Latino and 13.0% of mortgage processors are Black or African American.
- White, 61.6%
- Hispanic or Latino, 14.1%
- Black or African American, 13.0%
- Asian, 6.6%
- Unknown, 4.2%
- American Indian and Alaska Native, 0.5%
Mortgage processor race
| Mortgage processor race | Percentages |
|---|---|
| White | 61.6% |
| Hispanic or Latino | 14.1% |
| Black or African American | 13.0% |
| Asian | 6.6% |
| Unknown | 4.2% |
| American Indian and Alaska Native | 0.5% |
Mortgage processor race and ethnicity over time
See how mortgage processor racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
Mortgage processor race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 65.68% | 12.13% | 6.06% | 13.84% |
| 2011 | 65.12% | 12.21% | 6.18% | 13.79% |
| 2012 | 66.64% | 13.18% | 5.11% | 12.74% |
| 2013 | 63.69% | 14.93% | 6.36% | 12.62% |
| 2014 | 64.14% | 11.70% | 6.47% | 15.26% |
| 2015 | 66.19% | 13.10% | 6.60% | 11.60% |
| 2016 | 67.68% | 11.21% | 5.70% | 13.24% |
| 2017 | 64.88% | 12.32% | 6.29% | 14.45% |
| 2018 | 66.42% | 11.95% | 6.84% | 12.19% |
| 2019 | 68.69% | 8.43% | 5.26% | 15.04% |
| 2020 | 65.27% | 10.93% | 7.02% | 12.79% |
| 2021 | 61.60% | 13.03% | 6.63% | 14.10% |
Mortgage processor wage gap by race
According to our data, hispanic or latino mortgage processors have the highest average salary compared to other ethnicities. Black or african american mortgage processors have the lowest average salary at $38,687.
| Ethnicity | Salary |
|---|---|
| Unknown | $41,721 |
| White | $41,222 |
| Black or African American | $38,687 |
| Asian | $41,585 |
| Hispanic or Latino | $42,092 |
Average mortgage processor age
See how the average age of mortgage processors varies based on ethnicity and gender.
Male
Female
Mortgage processor age by race and gender
| Race | Male age | Female age |
|---|---|---|
| Unknown | 32 | 43 |
| White | 34 | 43.5 |
| Black or African American | 38 | 38 |
| Asian | 41 | 45.5 |
| Hispanic or Latino | 39 | 38.5 |
Mortgage processor age breakdown
The average age of mortgage processors is 40+ years years old, representing 54% of the mortgage processor population.
Mortgage processor age breakdown
| Mortgage Processor Years | Percentages |
|---|---|
| 40+ years | 54% |
| 30-40 years | 28% |
| 20-30 years | 18% |
Mortgage processor educational attainment
The most common degree for mortgage processors is bachelor's degree, with 52% of mortgage processors earning that degree. The second and third most common degree levels are associate degree degree at 24% and associate degree degree at 14%.
- Bachelor's, 52%
- Associate, 24%
- High School Diploma, 14%
- Master's, 4%
- Other Degrees, 6%
Mortgage processors by degree level
| Mortgage processor degree | Percentages |
|---|---|
| Bachelor's | 52% |
| Associate | 24% |
| High School Diploma | 14% |
| Master's | 4% |
| Other Degrees | 6% |
Mortgage processor jobs you might like
Mortgage processor wage gap by degree level
According to the data, mortgage processors with a Bachelor's degree earn more than those without, at $42,936 annually. With a High School Diploma degree, mortgage processors earn a median annual income of $40,611 compared to $40,442 for mortgage processors with an Associate degree.
| Education | Salary |
|---|---|
| High School Diploma or Less | $40,611 |
| Bachelor's Degree | $42,936 |
| Some College/ Associate Degree | $40,442 |
Mortgage processor employment statistics
Most mortgage processors work for a private in the finance industry.
Company size where mortgage processors work
Below, you can see the size of companies where mortgage processors work.
Mortgage processor jobs by employer size
| Company size | Percentages |
|---|---|
| < 50 employees | 5% |
| 50 - 100 employees | 24% |
| 100 - 500 employees | 23% |
| 500 - 1,000 employees | 11% |
| 1,000 - 10,000 employees | 24% |
| > 10,000 employees | 13% |
Mortgage processor jobs by company type
Employees with the mortgage processor job title have their preferences when it comes to working for a company. For instance, most mortgage processors prefer to work at private companies over public companies.
Mortgage processor jobs by sector
| Company type | Percentages |
|---|---|
| Education | 0% |
| Public | 28% |
| Private | 71% |
| Government | 1% |
Mortgage processor jobs by industry
The most common industries for mortgage processors are finance, professional and technology.
Mortgage processor industry statistics
| Industry | Percentages |
|---|---|
| Finance | 70% |
| Fortune 500 | 9% |
| Professional | 7% |
| Technology | 3% |
| Real Estate | 2% |
| Non Profits | 1% |
| Government | 1% |
| Energy | 1% |
| Health Care | 1% |
| Construction | 1% |
| Hospitality | 1% |
| Manufacturing | 1% |
| Insurance | 1% |
| Telecommunication | 1% |
Mortgage processor turnover and employment statistics
Mortgage processor unemployment rate over time
The unemployment rate for mortgage processors between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
Mortgage processor unemployment rate by year
| Year | Mortgage processor unemployment rate |
|---|---|
| 2010 | 11.22% |
| 2011 | 9.54% |
| 2012 | 6.27% |
| 2013 | 5.49% |
| 2014 | 7.20% |
| 2015 | 3.15% |
| 2016 | 3.20% |
| 2017 | 2.30% |
| 2018 | 2.81% |
| 2019 | 2.16% |
| 2020 | 2.86% |
| 2021 | 2.21% |
Average mortgage processor tenure
The average mortgage processor stays at their job for 1-2 years, based on the 7,370 mortgage processors resumes in Zippia's database.
Mortgage processor tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 27% |
| 1-2 years | 40% |
| 3-4 years | 13% |
| 5-7 years | 11% |
| 8-10 years | 5% |
| 11+ years | 4% |
Mortgage processor LGBT ratio compared to similar jobs
Review the percent of mortgage processors 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 |
|---|---|---|
| Public Housing Interviewer | 6.73% | 10,942 |
| Mortgage Processor | 6.78% | - |
| Service Center Representative | 7.19% | 196,101 |
| Records Clerk | 8.60% | 101,023 |
| Charge Authorizer | 8.99% | 8,729 |
| Library Clerk | 11.16% | 67,131 |
| Human Resources Technician | 15.31% | 39,846 |
Similar mortgage processor jobs LGBT demographics
| Profession | Percentages of LGBT | Job openings |
|---|---|---|
| Public Housing Interviewer | 6.73% | 10,942 |
| Service Center Representative | 7.19% | 196,101 |
| Records Clerk | 8.60% | 101,023 |
| Charge Authorizer | 8.99% | 8,729 |
| Library Clerk | 11.16% | 67,131 |
| Human Resources Technician | 15.31% | 39,846 |
Foreign languages spoken by mortgage processors
The most common foreign language among mortgage processors is Spanish at 62.6%. The second-most popular foreign language spoken is French at 6.1% and Portuguese is the third-most popular at 4.3%.
- Spanish, 62.6%
- French, 6.1%
- Portuguese, 4.3%
- German, 3.7%
- Polish, 3.1%
- Other, 20.2%
Mortgage processor languages spoken
| Foreign language | Percentages |
|---|---|
| Spanish | 62.6% |
| French | 6.1% |
| Portuguese | 4.3% |
| German | 3.7% |
| Polish | 3.1% |
| Other | 20.2% |
