What is the median annual mortgage production volume for active mortgage professionals in 2024?
Answered at 7:23 in The Three Biggest Mortgage Rate Drivers and Untapped Opportunities for Leads and Referrals · On The Highway
What is the median annual mortgage production volume for active mortgage professionals in 2024?
There are 180,000 active mortgage professionals, classified as those who closed at least one transaction over the last 120 days. The median production level over the last 12 months is 4.4 million dollars, meaning half the professionals did more than this and half did less. To reach the top 25 percent of production, you need 13 million dollars annually, with the top 1 percent reaching 83 million dollars.
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In short
There are 180,000 active mortgage professionals, classified as those who closed at least one transaction over the last 120 days.
Dan Habib, Chief Revenue Officer and Head Market Analyst at Highway · The Three Biggest Mortgage Rate Drivers and Untapped Opportunities for Leads and Referrals · On The Highway · answer at 7:23
Key takeaways
- There are 180,000 active mortgage professionals, classified as those who closed at least one transaction over the last 120 days.
Quote to remember
“The common thread amongst successful people is optimism. You cannot feel sorry for yourself; you need to focus on what you can control.”
— Dan Habib
The full answer · about 1 min
There are 180,000 active mortgage professionals, classified as those who closed at least one transaction over the last 120 days. The median production level over the last 12 months is 4.4 million dollars, meaning half the professionals did more than this and half did less. To reach the top 25 percent of production, you need 13 million dollars annually, with the top 1 percent reaching 83 million dollars.
Key facts
- 180,000 active mortgage professionals classified as closing at least one transaction over 120 days
- 4.4 million dollars median annual production for active mortgage professionals over 12 months
- 13 million dollars required for top 25 percent production annually
- 28 million dollars required for top 10 percent production annually
- 83 million dollars for top 1 percent annual mortgage production