Industry Background:
A mortgage loan is a loan used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. Earlier, the processes of mortgage origination were very complex due to manual paperwork. However, complex processes have been easier with the introduction of advanced mortgage software tools. The SaaS mortgage software automates the loan lending process and manages the loan lifecycle, it helps in the approval, management, and closure of the mortgage loans. The software is widely used in small medium and large size enterprises for the loan lending process, it increases the productivity and efficiency of the mortgage-providing companies and minimizes errors in loan operation. The global SaaS mortgage software was estimated to be around USD 4,399.3 Million n 2019, according to the AMA study.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Dominating Application | Medium Business |
Key Companies Profiled | Ellie Mae Inc. (United States), Black Knight, Inc., (United States), Accenture plc (Ireland), Wipro Limited (India), PCLender LLC (Fiserv) (United States), Jungo (United States), Calyx Software, Inc. (United States) and ASG Technologies Group, Inc. (United States) |
According to AMA, the market for SaaS Mortgage Software is expected to register a CAGR of 4.93% during the forecast period to 2027. This growth is primarily driven by A Rise in Millennial Population and fall in Mortgage Rates Fuelling the Mortgage Industry, Rising Demand to Provide Enhanced Customer Experience across the Mortgage Industry and Low Cost of SaaS Software Compared With On-Premises Software.
Globally, a noticeable market trend is evident The Acceleration of Automation and Digitization in the Mortgage Process The Internet Software & Services sector in the Europe region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Ellie Mae Inc. (United States), Black Knight, Inc., (United States), Accenture plc (Ireland), Wipro Limited (India), PCLender LLC (Fiserv) (United States), Jungo (United States), Calyx Software, Inc. (United States) and ASG Technologies Group, Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 25th June 2020, ASG Technologies Group, Inc., a portfolio company of Alpine Investors that buys, builds and operates vertical SaaS companies, announced that it has acquired Homebot, a mortgage lending, and real estate software solution that maximizes repeat business for lenders and agents by empowering consumers to build wealth through homeownership.
On 28th October 2019, Ellie Mae Inc. the leading cloud-based platform provider for the mortgage finance industry announced that is has signed a definitive agreement to acquire Capsilon, the leading provider of AI-powered mortgage automation software for mortgage lenders, investors and servicers. With the acquisition of Capsilon, Ellie Mae is accelerating the vision of offering a fully digital mortgage by combining Ellie Mae’s Encompass™ Digital Lending Platform with Capsilon’s AI-powered solutions to create the most comprehensive end-to-end SaaS solution for companies in the mortgage industry.
Influencing Trend:
The Acceleration of Automation and Digitization in the Mortgage Process
Market Growth Drivers:
A Rise in Millennial Population and fall in Mortgage Rates Fuelling the Mortgage Industry, Rising Demand to Provide Enhanced Customer Experience across the Mortgage Industry and Low Cost of SaaS Software Compared With On-Premises Software
Challenges:
Data Security Issues
Restraints:
Data Safety Related Risks Associated with SaaS Mortgage Software
Opportunities:
Surging Demand for the Mortgage Among the Developing Nation will boost the SaaS Mortgage Software
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in SaaS Mortgage Software Market
- Analysis about New Entrants in SaaS Mortgage Software Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, SaaS Mortgage Software Study Sheds Light on
The SaaS Mortgage Software Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the SaaS Mortgage Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where SaaS Mortgage Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.