Mortgage specialist demographics and statistics in the US
Mortgage specialist demographics research summary. Zippia estimates mortgage specialist demographics and statistics in the United States by using a database of 30 million profiles. Our mortgage specialist 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 specialists after extensive research and analysis:
- There are over 57,162 mortgage specialists currently employed in the United States.
- 60.7% of all mortgage specialists are women, while 39.3% are men.
- The average mortgage specialist age is 41 years old.
- The most common ethnicity of mortgage specialists is White (60.2%), followed by Hispanic or Latino (14.2%), Black or African American (13.3%) and Asian (7.5%).
- Mortgage specialists are most in-demand in East Lansing, MI.
- The finance industry is the highest-paying for mortgage specialists.
- Oakland, CA pays an annual average wage of $49,328, the highest in the US.
- In 2022, women mortgage specialists earned 97% of what men earned.
- 7% of all mortgage specialists are LGBT.
- North Carolina is the best state for mortgage specialists to live.
- Mortgage specialists are 69% more likely to work at private companies in comparison to public companies.
On this page
Mortgage specialist demographics by:
Mortgage specialist gender statistics
60.7% of mortgage specialists are women and 39.3% of mortgage specialists are men.
- Female, 60.7%
- Male, 39.3%
Mortgage specialist gender ratio
| Gender | Percentages |
|---|---|
| Female | 60.7% |
| Male | 39.3% |
Mortgage specialist gender pay gap
Women earn 97¢ for every $1 earned by men
Male income
$39,316
Female income
$38,248
Mortgage specialist gender ratio over time
This data breaks down the percentage of men and women in mortgage specialist positions over time. Currently, 60.7% of mortgage specialists are female.
Mortgage specialist gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 29.09% | 70.91% |
| 2011 | 33.09% | 66.91% |
| 2012 | 32.25% | 67.75% |
| 2013 | 34.42% | 65.58% |
| 2014 | 32.33% | 67.67% |
| 2015 | 34.94% | 65.06% |
| 2016 | 36.89% | 63.11% |
| 2017 | 39.45% | 60.55% |
| 2018 | 39.35% | 60.65% |
| 2019 | 36.67% | 63.33% |
| 2020 | 38.33% | 61.67% |
| 2021 | 39.32% | 60.68% |
Mortgage specialist related jobs gender ratio
We compared mortgage specialists 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 Specialist | 39% | 61% |
| 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 specialist demographics by race
The most common ethnicity among mortgage specialists is White, which makes up 60.2% of all mortgage specialists. Comparatively, 14.2% of mortgage specialists are Hispanic or Latino and 13.3% of mortgage specialists are Black or African American.
- White, 60.2%
- Hispanic or Latino, 14.2%
- Black or African American, 13.3%
- Asian, 7.5%
- Unknown, 4.4%
- American Indian and Alaska Native, 0.4%
Mortgage specialist race
| Mortgage specialist race | Percentages |
|---|---|
| White | 60.2% |
| Hispanic or Latino | 14.2% |
| Black or African American | 13.3% |
| Asian | 7.5% |
| Unknown | 4.4% |
| American Indian and Alaska Native | 0.4% |
Mortgage specialist race and ethnicity over time
See how mortgage specialist racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
Mortgage specialist race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 64.28% | 12.40% | 6.94% | 13.96% |
| 2011 | 63.72% | 12.49% | 7.05% | 13.91% |
| 2012 | 65.24% | 13.46% | 5.98% | 12.87% |
| 2013 | 62.30% | 15.21% | 7.23% | 12.75% |
| 2014 | 62.74% | 11.98% | 7.35% | 15.38% |
| 2015 | 64.79% | 13.37% | 7.47% | 11.73% |
| 2016 | 66.28% | 11.49% | 6.58% | 13.37% |
| 2017 | 63.48% | 12.60% | 7.16% | 14.58% |
| 2018 | 65.03% | 12.23% | 7.72% | 12.31% |
| 2019 | 67.29% | 8.71% | 6.13% | 15.17% |
| 2020 | 63.88% | 11.21% | 7.89% | 12.91% |
| 2021 | 60.20% | 13.30% | 7.50% | 14.23% |
Mortgage specialist wage gap by race
According to our data, hispanic or latino mortgage specialists have the highest average salary compared to other ethnicities. Black or african american mortgage specialists have the lowest average salary at $36,774.
| Ethnicity | Salary |
|---|---|
| Unknown | $40,051 |
| White | $39,510 |
| Black or African American | $36,774 |
| Asian | $39,903 |
| Hispanic or Latino | $40,455 |
Average mortgage specialist age
See how the average age of mortgage specialists varies based on ethnicity and gender.
Male
Female
Mortgage specialist 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 specialist age breakdown
The average age of mortgage specialists is 40+ years years old, representing 54% of the mortgage specialist population.
Mortgage specialist age breakdown
| Mortgage Specialist Years | Percentages |
|---|---|
| 40+ years | 54% |
| 30-40 years | 28% |
| 20-30 years | 18% |
Mortgage specialist educational attainment
The most common degree for mortgage specialists is bachelor's degree, with 55% of mortgage specialists earning that degree. The second and third most common degree levels are associate degree degree at 20% and associate degree degree at 12%.
- Bachelor's, 55%
- Associate, 20%
- High School Diploma, 12%
- Master's, 6%
- Other Degrees, 7%
Mortgage specialists by degree level
| Mortgage specialist degree | Percentages |
|---|---|
| Bachelor's | 55% |
| Associate | 20% |
| High School Diploma | 12% |
| Master's | 6% |
| Other Degrees | 7% |
Mortgage specialist jobs you might like
Mortgage specialist wage gap by degree level
According to the data, mortgage specialists with a Bachelor's degree earn more than those without, at $41,373 annually. With a High School Diploma degree, mortgage specialists earn a median annual income of $38,848 compared to $38,666 for mortgage specialists with an Associate degree.
| Education | Salary |
|---|---|
| High School Diploma or Less | $38,848 |
| Bachelor's Degree | $41,373 |
| Some College/ Associate Degree | $38,666 |
Mortgage specialist employment statistics
Most mortgage specialists work for a private in the finance industry.
Company size where mortgage specialists work
Below, you can see the size of companies where mortgage specialists work.
Mortgage specialist jobs by employer size
| Company size | Percentages |
|---|---|
| < 50 employees | 5% |
| 50 - 100 employees | 20% |
| 100 - 500 employees | 23% |
| 500 - 1,000 employees | 9% |
| 1,000 - 10,000 employees | 26% |
| > 10,000 employees | 18% |
Mortgage specialist jobs by company type
Employees with the mortgage specialist job title have their preferences when it comes to working for a company. For instance, most mortgage specialists prefer to work at private companies over public companies.
Mortgage specialist jobs by sector
| Company type | Percentages |
|---|---|
| Public | 30% |
| Private | 69% |
| Government | 1% |
Mortgage specialist jobs by industry
The most common industries for mortgage specialists are finance, professional and real estate.
Mortgage specialist industry statistics
| Industry | Percentages |
|---|---|
| Finance | 58% |
| Fortune 500 | 9% |
| Professional | 9% |
| Real Estate | 5% |
| Technology | 4% |
| Insurance | 3% |
| Start-up | 2% |
| Manufacturing | 2% |
| Non Profits | 1% |
| Transportation | 1% |
| Government | 1% |
| Internet | 1% |
| Energy | 1% |
| Utilities | 1% |
| Health Care | 1% |
| Hospitality | 1% |
| Retail | 1% |
Mortgage specialist turnover and employment statistics
Mortgage specialist unemployment rate over time
The unemployment rate for mortgage specialists between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
Mortgage specialist unemployment rate by year
| Year | Mortgage specialist 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 specialist tenure
The average mortgage specialist stays at their job for 1-2 years, based on the 5,110 mortgage specialists resumes in Zippia's database.
Mortgage specialist tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 25% |
| 1-2 years | 42% |
| 3-4 years | 15% |
| 5-7 years | 9% |
| 8-10 years | 4% |
| 11+ years | 4% |
Mortgage specialist LGBT ratio compared to similar jobs
Review the percent of mortgage specialists 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 |
|---|---|---|
| Work Force Advisor | 6.73% | 41,540 |
| Mortgage Specialist | 6.78% | - |
| Registration Representative | 7.19% | 118,803 |
| Imaging Clerk | 8.60% | 102,498 |
| Credit Investigator | 8.99% | 9,442 |
| Library Aide | 11.16% | 40,987 |
| Learning Resources Assistant | 15.31% | 41,804 |
Similar mortgage specialist jobs LGBT demographics
| Profession | Percentages of LGBT | Job openings |
|---|---|---|
| Work Force Advisor | 6.73% | 41,540 |
| Registration Representative | 7.19% | 118,803 |
| Imaging Clerk | 8.60% | 102,498 |
| Credit Investigator | 8.99% | 9,442 |
| Library Aide | 11.16% | 40,987 |
| Learning Resources Assistant | 15.31% | 41,804 |
Foreign languages spoken by mortgage specialists
The most common foreign language among mortgage specialists is Spanish at 63.7%. The second-most popular foreign language spoken is French at 7.3% and Russian is the third-most popular at 3.2%.
- Spanish, 63.7%
- French, 7.3%
- Russian, 3.2%
- Portuguese, 3.2%
- Hindi, 3.2%
- Other, 19.4%
Mortgage specialist languages spoken
| Foreign language | Percentages |
|---|---|
| Spanish | 63.7% |
| French | 7.3% |
| Russian | 3.2% |
| Portuguese | 3.2% |
| Hindi | 3.2% |
| Other | 19.4% |
