Market Highlights: Commercial Loan Origination System (LOS) was created specifically to support the loan application processing needs of banks and financial institutions. It uses workflow technology to control and monitor the various work steps in loan processing, as well as digital imaging technology to reduce delays and inefficiencies in handling paper documents. A loan origination system manages and automates the entire loan process, from loan application submission to funds disbursement. It establishes repeatable, consistent, and standardised processes for financial institutions. The market study is being classified, by Application (Small and Medium Enterprises (SMEs) and Large Enterprises) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Commercial Loan Origination System are Calyx Software (United States), FICS (United States), nCino (United States), Fiserv (United States), FIS (United States), Qualia (United States), Valeyo (Canada), Mortgage Cadence (Accenture) (United States) and Byte Software (United States).
The Industry Vertical, such as Banks, is boosting the Commercial Loan Origination System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Deployment , such as Cloud-Based, is boosting the Commercial Loan Origination System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
Major Market Development Highlights On 16 November 2021, nCino, Inc., a pioneer in cloud banking and digital transformation solutions for the global financial services industry, announced it has entered into a definitive agreement to acquire SimpleNexus. SimpleNexus seamlessly unites the people, systems, and stages of the home buying process into a single end-to-end experience, enabling loan officers, borrowers, real estate agents and settlement agents to manage the homeownership journey in the palm of their hands.
Key Questions Answered in the Report What will the Commercial Loan Origination System Market size and the growth rate be in Future? What are the key factors driving the Commercial Loan Origination System Market? What are the key market trends and macro-economic impacting the growth of the Commercial Loan Origination System Market? What are the challenges to market growth? Who are the key vendors in the Commercial Loan Origination System Market? What are the market opportunities and threats faced by the vendors in the Commercial Loan Origination System Market? Trending factors influencing the market shares of the Players. What are the key outcomes of the five forces analysis of the Commercial Loan Origination System Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Commercial Loan Origination System market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Commercial Loan Origination System market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.