Mortgage & Nonmortgage Loan Brokers
Key Figures
Figures are published for NAICS 522310 directly.
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Official definition
This industry comprises establishments primarily engaged in arranging loans by bringing borrowers and lenders together on a commission or fee basis.
Source: US Census Bureau, 2017 NAICS Definitions. Public domain.
Which code does this activity belong in?
Loan brokers arrange loans by bringing borrowers and lenders together on a commission or fee basis, distinguishing them from establishments engaged in financial transactions processing, reserve, and clearinghouse activities. Brokers facilitate the connection between parties rather than originating or underwriting loans themselves, which separates them from other credit intermediation activities not primarily focused on the brokerage arrangement function.