WestwardAI Consulting

Local market data · Mortgage brokers · New York

AI for mortgage brokers in New York

The New York metro area had 523 mortgage brokers in 2022, the 2nd most of 239 US metros and 5% of all in the country. They employed 3,677 people at an average of $144,579 a year. 85% have fewer than 10 staff, so the same few people answer the phone, book, follow up and do the paperwork. Those are the jobs AI tools take on today.

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Mortgage brokers in New York vs the US

New York metroUnited States
Businesses52310,957
People employed3,67776,003
Average staff per business7.06.9
Average yearly pay per employee$144,579$91,842
Share with fewer than 10 staff85%89%

Pay here is 57% higher than the national average for mortgage brokers, so every hour of staff time costs more to spend on admin. The average mortgage broker here has 7.0 people on payroll, about the same as the US figure of 6.9.

How big mortgage brokers in New York are

Fewer than 5 staff386 (74%) US 75%
5 to 960 (11%) US 13%
10 to 1945 (9%) US 6%
20 to 4917 (3%) US 3%
50 or more13 (2%) US 2%

Businesses with paid employees, by number of employees, March 2022.

Mortgage brokers by county in the New York area

Nassau County has the most, with 77 of the metro's 523 (15%). Among the 10 big metros on this page, New York ranks 1st for average pay and 8th for the share of small firms.

CountyBusinessesEmployeesAvg pay
Nassau County77401$85,012
New York County70709$357,939
Bergen County43148$75,162
Kings County42192$69,932
Suffolk County41695$100,095
Westchester County35226$100,429
Middlesex County32168$115,476
Queens County32108$79,093
Monmouth County28332$97,611
Rockland County19164$88,061
Essex County18141$111,291
Ocean County1536$99,417

7 smaller counties not shown. Census withholds pay where few firms would make it identifiable.

Where AI helps a mortgage broker first

A mortgage broker should automate the repeat work that waits on someone: replying to new inquiries, chasing missing documents, and staying in touch with past borrowers. AI can draft, sort and remind, but a licensed person decides what is said about rates, programs and eligibility. Westward builds these pieces for brokerages and maps the best first one from your website for free.

What your team's admin hours cost in New York

Change any number. The starting values are the New York averages above; the hours and the share are yours to set.

Those hours cost you$196,000 a year

The share you would hand off$58,800 a year

Hours your team gets back840 a year

See what we would build for this

Guides for mortgage brokers, one job each

Mortgage brokers in other big metros

MetroBusinessesAvg payRank of 387
Los Angeles1,447$78,2651st
Chicago308$116,2717th
Miami464$93,4413rd
Dallas241$79,63911th
Houston169$84,39817th
Atlanta267$103,07910th
Washington190$117,59514th
Philadelphia185$103,67415th
Boston126$113,20721st

Where these numbers come from

From the U.S. Census Bureau, County Business Patterns 2022 (released 2024), industry code NAICS 522310 (Mortgage and nonmortgage loan brokers), for the New York-Newark-Jersey City, NY-NJ metro area (22 counties). It counts businesses with paid employees in March 2022, so solo owners with no payroll are not in it. Average pay is total yearly payroll divided by employees. The calculator uses 50 working weeks and 2,080 hours a year. Page checked 2026-11-12.

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Related businesses in New York

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