How Many Mortgage Brokers Are There in the US?

There are over 852 Commercial Mortgage Brokers in the United States.
Loan Factory was the top-ranked US mortgage broker company in 2022, established in 2006 and headquartered in San Jose, California.
Mortgage brokers are typically required to obtain a license to operate legally.
On average, a mortgage broker’s commission is 0.15% of the loan balance, approximately $600 a year on a $400,000 loan balance.
At the peak, 51% of all mortgage loans in America are originated by a mortgage broker.
In most developed mortgage markets, mortgage brokers are the largest sellers of mortgage products for lenders.

Quicken Loans: Weighing number 1 on the list of the greatest mortgage brokers in the USA, known for their online mortgage application process and national exposure.

There are approximately 11,000 mortgage lenders in the United States.
Quicken Loans, operating through Rocket Mortgage, is one of the largest mortgage lenders in the US.

Mortgage brokers typically earn 0.15% of the loan amount as commission.
Quicken Loans is the largest mortgage broker in the US, offering loans through brokers and online platforms.

To find the best mortgage lenders of 2023, consider factors like online functionality, customer service, and loan options.