Industry Description
Establishments primarily engaged in originating mortgage loans, selling mortgage loans to permanent investors, and servicing these loans. They may also provide real estate construction loans.
Business Examples
Common types of business activities within US SIC 6162 - Mortgage Bankers and Loan Correspondents are:
- Bond and mortgage companies
- Loan correspondents
- Mortgage bankers
- Mortgage brokers, using own money
- Mortgage companies, urban
IBISWorld Industry Research Report
Real Estate Loans & Collateralized Debt in the US (52229)
Revenue 2025
$488.9bn
Growth 2025
-0.09%
Key Trends
Higher access to credit and greater disposable income have fueled primary market lending
Rapid economic recovery fuels strong revenue growth
Volatile real estate markets threaten future revenue growth
Products and Services
US-SIC Hierarchy 6162 - Mortgage Bankers and Loan Correspondents
US-SIC Code 6162 - Mortgage Bankers and Loan Correspondents sits in the 2-digit Mortgage Bankers and Loan Correspondents sector. US SIC codes can be 2 to 8 digits and the further along the hierarchy, the more detailed and specific the category will be.
Division: H
Division Title: Finance, Insurance, and Real Estate
2 Digits 3 Digits 4 Digits
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601 Central Reserve Depository Institutions
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602 Commercial Banks
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603 Savings Institutions
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606 Credit Unions
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608 Foreign Banking and Branches and Agencies Of
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609 Functions Related To Depository Banking
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611 Federal and Federally-sponsored Credit Agencies
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614 Personal Credit Institutions
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615 Business Credit Institutions
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616 Mortgage Bankers and Brokers
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621 Security Brokers, Dealers, and Flotation
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622 Commodity Contracts Brokers and Dealers
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623 Security and Commodity Exchanges
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628 Services Allied With the Exchange of Securities
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631 Life Insurance
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632 Accident and Health Insurance and Medical
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633 Fire, Marine, and Casualty Insurance
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635 Surety Insurance
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636 Title Insurance
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637 Pension, Health, and Welfare Funds
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639 Insurance Carriers, Not Elsewhere Classified
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651 Real Estate Operators (except Developers) and Lessors
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653 Real Estate Agents and Managers
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654 Title Abstract Offices
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655 Land Subdividers and Developers
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671 Holding Offices
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672 Investment Offices
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673 Trusts
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679 Miscellaneous Investing
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Extended US-SIC Hierarchy for 6162 - Mortgage Bankers and Loan Correspondents
For business marketing and targeting, US SIC Codes have been extended to provide more specific classifications within US-SIC 6162 - Mortgage Bankers and Loan Correspondents. Extended US SIC Codes are being continuously updated to reflect the current business environment.
6 Digit SIC Codes
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616201 Real estate loans
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616202 Foreclosure assistance
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616203 Mortgage brokers
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616204 Mortgage feasibility consultants
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616205 Settlement companies
8 Digit SIC Codes
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61620000 Mortgage bankers and loan correspondents
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61629900 Mortgage bankers and correspondents, nec
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61629901 Bond and mortgage companies
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61629902 Loan correspondents
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61629903 Mortgage bankers
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61629904 Mortgage brokers, using own money
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61629905 Mortgage companies, urban
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