Number of Mortgage and Nonmortgage Loan Brokers Businesses in the US (2000–2023)
As of 2023
12,705
mortgage and nonmortgage loan brokers businesses in the United States
Number of Firms Over Time
Total Employment Over Time
Key Insights
- •The mortgage and nonmortgage loan brokers industry has declined 9.1% since 2000 (from 13,979 to 12,705 firms).
- •The peak year was 2007 with 26,983 firms.
- •Recent trend (last 5 years): the industry is growing (+11.8%).
- •Employment: 295,465 workers in 2023 (39.8% change since 2000).
- •Estimated 5-year survival rate: 40%.
Year-by-Year Data
| Year | Firms | Establishments | Employment | Entry Rate | Exit Rate | Net Growth |
|---|---|---|---|---|---|---|
| 2023 | 12,705 | 22,353 | 295,465 | 7.9% | 16.9% | -7.5% |
| 2022 | 13,656 | 25,489 | 326,223 | 10.0% | 12.9% | +2.4% |
| 2021 | 12,939 | 26,054 | 320,875 | 11.7% | 11.0% | +1.4% |
| 2020 | 11,876 | 25,825 | 317,620 | 8.7% | 8.6% | +2.5% |
| 2019 | 11,363 | 25,798 | 309,447 | 12.0% | 10.2% | +2.4% |
| 2018 | 11,434 | 25,023 | 292,420 | 6.6% | 8.0% | -0.1% |
| 2017 | 11,598 | 25,509 | 294,797 | 7.5% | 11.5% | +2.5% |
| 2016 | 11,607 | 26,964 | 287,029 | 8.0% | 9.0% | +5.0% |
| 2015 | 11,556 | 27,204 | 273,254 | 9.2% | 9.3% | +2.3% |
| 2014 | 11,576 | 27,172 | 258,112 | 9.3% | 9.0% | +3.0% |
Source: U.S. Census Bureau, Business Dynamics Statistics (BDS). Entry/exit rates refer to establishment openings and closings.