522310

Analysis

NAICS 522310 is the 2022 national industry for mortgage and nonmortgage loan brokers, part of 52231 (Mortgage and Nonmortgage Loan Brokers). Census lists 9 example activities under it in the official index.

Between 2018 and 2023 the number of establishments grew 29% and employment rose 25%. The 2018 count used NAICS 2017, so part of a large move can come from codes being redefined rather than from businesses opening or closing.

County Business Patterns counts 9,792 US establishments in this code in 2023, employing 54,952 people at an average annual payroll of $89,382 per employee (77th percentile of national industries). 82% of the establishments have fewer than five employees, which marks it as a small-business industry.

Its index entries, the activities Census uses to assign businesses to this code, include agencies, loan, brokerages, loan, brokerages, mortgage and brokers' offices, loan, among 9 in all.

Census lists 4 related activities that belong elsewhere, most often in 522292, 5221, 522390 and 522299. Businesses that do several things are classified by their primary activity, the one that generates the most value, so check those boundaries before settling on this code.

For example, lending funds with real estate as collateral are classified in 522292 (Real Estate Credit) instead.