Mortgage Loan Processor demographics and statistics in the US
Mortgage loan processor demographics research summary. Zippia estimates mortgage loan processor demographics and statistics in the United States by using a database of 30 million profiles. Our mortgage loan 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 loan processors after extensive research and analysis:
- There are over 186,064 mortgage loan processors currently employed in the United States.
- 78.3% of all mortgage loan processors are women, while 21.7% are men.
- The average mortgage loan processor age is 41 years old.
- The most common ethnicity of mortgage loan processors is White (61.1%), followed by Hispanic or Latino (14.2%), Black or African American (13.3%) and Asian (6.8%).
- Mortgage loan processors are most in-demand in Chicago, IL.
- The professional industry is the highest-paying for mortgage loan processors.
- 7% of all mortgage loan processors are LGBT.
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Mortgage Loan Processor demographics by:
Mortgage Loan Processor gender statistics
78.3% of mortgage loan processors are women and 21.7% of mortgage loan processors are men.
- Female, 78.3%
- Male, 21.7%
Mortgage Loan Processor gender ratio
| Gender | Percentages |
|---|---|
| Female | 78.3% |
| Male | 21.7% |
Mortgage Loan Processor gender pay gap
Women earn 97¢ for every $1 earned by men
Male Income
$44,190
Female Income
$43,051
Mortgage Loan Processor gender ratio over time
This data breaks down the percentage of men and women in mortgage loan processor positions over time. Currently, 78.3% of mortgage loan processors are female.
Mortgage Loan Processor gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 14.93% | 85.07% |
| 2011 | 17.46% | 82.54% |
| 2012 | 16.92% | 83.08% |
| 2013 | 18.34% | 81.66% |
| 2014 | 16.97% | 83.03% |
| 2015 | 18.68% | 81.32% |
| 2016 | 20.00% | 80.00% |
| 2017 | 21.79% | 78.21% |
| 2018 | 21.72% | 78.28% |
| 2019 | 19.85% | 80.15% |
| 2020 | 21.00% | 79.00% |
| 2021 | 21.70% | 78.30% |
Mortgage Loan Processor related jobs gender ratio
We compared mortgage loan 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 Loan Processor | 22% | 78% |
| 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 Loan Processor demographics by race
The most common ethnicity among mortgage loan processors is White, which makes up 61.1% of all mortgage loan processors. Comparatively, 14.2% of mortgage loan processors are Hispanic or Latino and 13.3% of mortgage loan processors are Black or African American.
- White, 61.1%
- Hispanic or Latino, 14.2%
- Black or African American, 13.3%
- Asian, 6.8%
- Unknown, 4.3%
- American Indian and Alaska Native, 0.3%
Mortgage Loan Processor Race
| Mortgage Loan Processor Race | Percentages |
|---|---|
| White | 61.1% |
| Hispanic or Latino | 14.2% |
| Black or African American | 13.3% |
| Asian | 6.8% |
| Unknown | 4.3% |
| American Indian and Alaska Native | 0.3% |
Mortgage Loan Processor race and ethnicity over time
See how mortgage loan processor racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
- White
- Asian
- Hispanic or Latino
- Black or African American
Mortgage Loan Processor race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 65.17% | 12.38% | 6.24% | 13.90% |
| 2011 | 64.60% | 12.47% | 6.35% | 13.85% |
| 2012 | 66.13% | 13.43% | 5.28% | 12.81% |
| 2013 | 63.18% | 15.19% | 6.53% | 12.68% |
| 2014 | 63.63% | 11.96% | 6.65% | 15.32% |
| 2015 | 65.68% | 13.35% | 6.77% | 11.66% |
| 2016 | 67.17% | 11.47% | 5.88% | 13.30% |
| 2017 | 64.37% | 12.57% | 6.46% | 14.52% |
| 2018 | 65.91% | 12.21% | 7.02% | 12.25% |
| 2019 | 68.18% | 8.69% | 5.43% | 15.10% |
| 2020 | 64.76% | 11.19% | 7.19% | 12.85% |
| 2021 | 61.09% | 13.28% | 6.80% | 14.16% |
Mortgage Loan Processor wage gap by race
According to our data, hispanic or latino mortgage loan processors have the highest average salary compared to other ethnicities. Black or african american mortgage loan processors have the lowest average salary at $41,475.
| Ethnicity | Salary |
|---|---|
| Unknown | $44,973 |
| White | $44,397 |
| Black or African American | $41,475 |
| Asian | $44,816 |
| Hispanic or Latino | $45,403 |
Average mortgage loan processor age
See how the average age of mortgage loan processors varies based on ethnicity and gender.
Male
Female
Mortgage Loan 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 Loan Processor age breakdown
The average age of mortgage loan processors is 40+ years years old, representing 54% of the mortgage loan processor population.
Mortgage Loan Processor age breakdown
| Mortgage Loan Processor Years | Percentages |
|---|---|
| 40+ years | 54% |
| 30-40 years | 28% |
| 20-30 years | 18% |
Mortgage Loan Processor educational attainment
The most common degree for mortgage loan processors is bachelor's degree, with 50% of mortgage loan processors earning that degree. The second and third most common degree levels are associate degree degree at 23% and associate degree degree at 16%.
- Bachelor's, 50%
- Associate, 23%
- High School Diploma, 16%
- Master's, 4%
- Other Degrees, 7%
Mortgage Loan Processors by degree level
| Mortgage Loan Processor Degree | Percentages |
|---|---|
| Bachelor's | 50% |
| Associate | 23% |
| High School Diploma | 16% |
| Master's | 4% |
| Other Degrees | 7% |
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Mortgage Loan Processor wage gap by degree level
According to the data, mortgage loan processors with a Bachelor's degree earn more than those without, at $46,380 annually. With a High School Diploma degree, mortgage loan processors earn a median annual income of $43,691 compared to $43,497 for mortgage loan processors with an Associate degree.
| Education | Salary |
|---|---|
| High School Diploma or Less | $43,691 |
| Bachelor's Degree | $46,380 |
| Some College/ Associate Degree | $43,497 |
Mortgage Loan Processor employment statistics
Company size where mortgage loan processors work
Below, you can see the size of companies where mortgage loan processors work.
Mortgage Loan Processor jobs by employer size
| Company Size | Percentages |
|---|---|
| < 50 employees | 7% |
| 50 - 100 employees | 18% |
| 100 - 500 employees | 25% |
| 500 - 1,000 employees | 13% |
| 1,000 - 10,000 employees | 25% |
| > 10,000 employees | 12% |
Mortgage Loan Processor jobs by industry
The most common industries for mortgage loan processors are finance, professional and real estate.
Mortgage Loan Processor industry statistics
| Industry | Percentages |
|---|---|
| Finance | 74% |
| Fortune 500 | 7% |
| Professional | 6% |
| Real Estate | 3% |
| Internet | 1% |
| Health Care | 1% |
| Construction | 1% |
| Hospitality | 1% |
| Manufacturing | 1% |
| Technology | 1% |
| Insurance | 1% |
Mortgage Loan Processor turnover and employment statistics
Mortgage Loan Processor unemployment rate over time
The unemployment rate for mortgage loan processors between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
- Unemployment rate
Mortgage Loan Processor unemployment rate by year
| Year | Mortgage Loan 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 loan processor tenure
The average mortgage loan processor stays at their job for 1-2 years, based on the 12,769 mortgage loan processors resumes in Zippia's database.
Mortgage Loan Processor tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 24% |
| 1-2 years | 39% |
| 3-4 years | 15% |
| 5-7 years | 12% |
| 8-10 years | 5% |
| 11+ years | 4% |
Mortgage Loan Processor LGBT ratio compared to similar jobs
Review the percent of mortgage loan 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 |
|---|---|---|
| Welfare Eligibility Interviewer | 6.73% | 1,877 |
| Mortgage Loan Processor | 6.78% | - |
| Customer Service Advocate | 7.19% | 211,969 |
| Legal File Clerk | 8.60% | 71,132 |
| Charge Authorizer | 8.99% | 8,729 |
| Reference Library Assistant | 11.16% | 1,130 |
| Personnel Security Assistant | 15.31% | 44,808 |
Similar mortgage loan processor jobs LGBT demographics
| Profession | Percentages of LGBT | Job Openings |
|---|---|---|
| Welfare Eligibility Interviewer | 6.73% | 1,877 |
| Customer Service Advocate | 7.19% | 211,969 |
| Legal File Clerk | 8.60% | 71,132 |
| Charge Authorizer | 8.99% | 8,729 |
| Reference Library Assistant | 11.16% | 1,130 |
| Personnel Security Assistant | 15.31% | 44,808 |
Foreign languages spoken by mortgage loan processors
The most common foreign language among mortgage loan processors is Spanish at 57.6%. The second-most popular foreign language spoken is French at 6.3% and Mandarin is the third-most popular at 5.6%.
- Spanish, 57.6%
- French, 6.3%
- Mandarin, 5.6%
- Portuguese, 4.8%
- Chinese, 3.0%
- Other, 22.7%
Mortgage Loan Processor languages spoken
| Foreign Language | Percentages |
|---|---|
| Spanish | 57.6% |
| French | 6.3% |
| Mandarin | 5.6% |
| Portuguese | 4.8% |
| Chinese | 3.0% |
| Other | 22.7% |