- Home
- Statistics
- Mortgage brokers
Mortgage broker statistics 2026
How many mortgage brokerages there are in the US, how fast they shrank, how big the lender side is and what loan officers earn. Official numbers from the Census Bureau, BLS, CFPB and FFIEC, each with its source and year.
Updated October 24, 2026 · NAICS 522310 (Mortgage and Nonmortgage Loan Brokers)
Key numbers
- 9,792
mortgage and loan broker locations with paid employees.
- −27.7%
fewer employees at loan brokers than a year earlier: 54,952, down from 76,003.
- 81.5%
of broker locations have fewer than 5 employees.
- $13.39 billion
revenue of mortgage and nonmortgage loan brokers with paid employees.
- 63.1%
of closed-end home purchase loans came from independent mortgage companies.
- 283,000
jobs as loan officers, across all loan types.
Mortgage brokers in numbers
Mortgage brokers fall under NAICS 522310, which also includes brokers of other loans. The count covers locations with paid employees. Both the number of locations and the number of employees fell sharply from 2022 to 2023.
- 9,792
loan broker locations with paid employees, down 10.6% from 10,957 in 2022.
- 54,952
people worked at loan brokers in mid-March, down 27.7% from 76,003 a year earlier.
- $4.91 billion
in annual payroll at loan brokers.
- 7,981
of the 9,792 locations (81.5%) had fewer than 5 employees.
- $13.39 billion
revenue of mortgage and nonmortgage loan brokers with paid employees.
The lender side: HMDA data
Brokers place loans with lenders. Lenders report their mortgage activity under the Home Mortgage Disclosure Act (HMDA), so these counts are lenders, not brokers.
- 4,898
HMDA filers reported mortgage data for 2024, according to the CFPB (approximately).
- 5,113
institutions reported for 2023, with 10 million applications, down from 14.3 million in 2022. 7.7 million of them were closed-end.
- 63.1%
of closed-end home purchase loans came from non-depository, independent mortgage companies, up from 60.2% in 2022.
Loan officers, pay and licensing
BLS counts loan officers across all loan types, not only mortgage loan originators. Mortgage loan originator licensing runs through the states and NMLS; Virginia publishes its own yearly count.
- 283,000
jobs as loan officers, with employment projected to grow 1% from 2025 to 2035.
- $76,690
median annual pay for loan officers.
- $89,400
payroll per employee at loan brokers.
- 20,898
mortgage loan originator licensees were in approved status in Virginia on Dec 31, 2025. In 2025 the state received 5,850 applications and issued 5,286 licenses.
A national count of licensed loan originators from NMLS is not on this page yet, because we could not read the report itself.
How customers find a local business
These numbers come from consumer surveys, not from official statistics. They describe local customers in general, including people looking for a mortgage broker, and are labeled as surveys.
- 97%
of consumers read reviews for local businesses.
- 41%
of consumers “always” read reviews when browsing for businesses.
- 71%
is Google’s share as a review source, down from 83% in 2025.
- 45%
use ChatGPT or other generative AI tools for local recommendations, up from 6% the year before.
- 47%
won’t use a business with fewer than 20 reviews, and 31% will only use a business rated 4.5 stars or more.
- 89%
expect business owners to respond to reviews; 74% only care about reviews written in the last three months.
- 54%
are most likely to visit a business’s website after reading positive reviews.
- 76%
of people who searched on a smartphone for something nearby visited a business within a day, and 28% of those searches led to a purchase.
The Google numbers are from 2016, so read them as a direction, not as today’s share.
How to cite this page
You are welcome to use these numbers in articles, reports and presentations. Please name the original agency, and link to this page as the place you found them.
StrideRank. “Mortgage Broker Statistics 2026.” Updated October 24, 2026. https://striderank.com/statistics/mortgage-brokers<a href="https://striderank.com/statistics/mortgage-brokers">Mortgage broker statistics 2026</a> (StrideRank)Click a box to select it, then copy.
Sources and method
All sources accessed October 24, 2026. Each number above links to its source by number.
How we built this page
- Only official or primary sources: federal agencies and the original publisher of a survey.
- Numbers StrideRank worked out from a source, such as shares, changes and pay per employee, are labeled “StrideRank calculation”.
- Survey results are labeled as surveys, with the publisher and year.
Left out on purpose
- A national NMLS count of licensed loan originators, until we can read the report itself.
- Loan originator counts from trade press, because they are second-hand figures.
- Market-size figures from paid research firms, because their methods cannot be checked.
U.S. Census Bureau, County Business Patterns 2023 (U.S. file, establishments with paid employees)
Employment as of mid-March; establishments with paid employees only.
U.S. Census Bureau, County Business Patterns 2022 (U.S. file)
U.S. Census Bureau via FRED, Total Revenue for Mortgage and Nonmortgage Loan Brokers, All Establishments, Employer Firms (REVEF52231ALLEST)
FFIEC via Consumer Financial Protection Bureau, FFIEC publishes 2023 data on mortgage lending (July 11, 2024)
U.S. Bureau of Labor Statistics, Occupational Outlook Handbook: Loan Officers
Consumer Financial Protection Bureau, 2024 HMDA data on mortgage lending now available (March 31, 2025)
Virginia State Corporation Commission, Bureau of Financial Institutions, Report on the 2025 Operations of the State Regulatory Registry LLC and the Nationwide Multistate Licensing System and Registry (July 1, 2026)
One state only.
BrightLocal, Local Consumer Review Survey 2026 (published February 11, 2026)
Industry survey: representative panel of 1,002 US adult consumers via SurveyMonkey.
Google / Think with Google, How Mobile Search Connects Consumers to Stores (Purchased Digital Diary, May 2016)
Survey of 1,000 smartphone users, of them 634 local searchers. Older data, dated 2016.
Common questions
How many mortgage brokers are there in the US?
The Census Bureau counted 9,792 mortgage and loan broker locations with paid employees in 2023 (County Business Patterns, NAICS 522310), down 10.6% from 10,957 in 2022. 81.5% of them had fewer than 5 employees.
Is the number of mortgage brokers shrinking?
Yes, from 2022 to 2023. Employment at loan brokers fell 27.7%, from 76,003 to 54,952, and the number of locations fell 10.6% (County Business Patterns).
How much do loan officers make?
The median annual pay for loan officers was $76,690 in 2025, according to the BLS Occupational Outlook Handbook. The figure covers all loan types, not only mortgages.
Can I use these statistics?
Yes. Every number links to its original source, so you can check it and cite the agency directly. If this page helped you, a link back to it as the place you found the numbers is appreciated.
More for your business
Now see how customers find your business.
Enter your website. The free audit shows how Google sees your site today — in under a minute, no account needed.
- No call needed
- No contract
- Cancel any time
StrideRank is not affiliated with Google. No ranking guarantees — nobody honest can give one.