NAICS UNIVERSITY · Free research for insurance agents
Mortgage and Nonmortgage Loan Brokers
NAICS 522310 · United States · 2022 edition
This industry comprises establishments primarily engaged in arranging loans by bringing borrowers and lenders together on a commission or fee basis.
Start with the work promised to the client.
For Mortgage and Nonmortgage Loan Brokers, clarify the services, contracts and consequences of an error. Review professional liability (e&o), regulatory and compliance liability, cyber liability. Confirm which professional activities and additional services the proposed coverage actually addresses.
Questions to ask
- What types of loans does the firm broker — residential, commercial, or both?
- Does the firm handle any subprime, non-QM, hard-money, or alternative lending products?
- What is the approximate annual transaction volume and total loan value brokered?
- Has the firm had any E&O claims, regulatory inquiries, or licensing actions in the past five years?
- How many licensed originators or brokers operate under the firm?
- What data security controls are in place for handling borrower financial documents?
- For Mortgage and Nonmortgage Loan Brokers, what should the underwriter know about prior e&o claims or regulatory disciplinary actions, including licensing suspensions or consent orders?
- For Mortgage and Nonmortgage Loan Brokers, what should the underwriter know about significant volume of subprime, non-qm, or hard-money loan facilitation?
Activities described by this code
Other activities to examine
- Lending funds with real estate as collateral: 522292 — Real Estate Credit
- Accepting deposits and lending funds secured by real estate: 5221 — Depository Credit Intermediation
- Servicing loans: 522390 — Other Activities Related to Credit Intermediation;
- Buying, pooling, and repackaging mortgage loans for sale to others on the secondary market: 522299 — International, Secondary Market, and All Other Nondepository Credit Intermediation
Census classification reference
For educational purposes only. AI-generated insurance research and automated logic can contain errors. Independently verify classification and coverage decisions.
Compare another operationInsurance operations research — draft
Mortgage and nonmortgage loan brokers act as intermediaries between borrowers and lenders, matching clients seeking financing with appropriate loan products and earning a commission or fee at closing. They do not fund loans themselves but facilitate the transaction, assist with applications, and guide clients through underwriting requirements. Operations are primarily office-based, with client meetings, document review, and lender communication making up the day-to-day activity.
Questions to investigate
- What types of loans does the firm broker — residential, commercial, or both?
- Does the firm handle any subprime, non-QM, hard-money, or alternative lending products?
- What is the approximate annual transaction volume and total loan value brokered?
- Has the firm had any E&O claims, regulatory inquiries, or licensing actions in the past five years?
This insurance research was generated in April 2026. It has not received a complete human review. The October 12, 2026 audit checked codes and titles only, not descriptions or coverage assertions.