What is Commercial Loan Origination System?
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.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | 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 study covers a detailed analysis segmented by key business segments i.e. , by application (Small and Medium Enterprises (SMEs) and Large Enterprises) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Commercial Loan Origination System market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Commercial Loan Origination System market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them 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).
Market Overview:
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.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Influencing Trend:
Increased Focus On The Development Of Innovative Commercial Banking Solutions
Market Growth Drivers:
Rising Consumer Demand For Convenient Banking Services and Rising Number Of Small Businesses Around The Globe
Challenges:
Increasing Complexity Process Of Commercial Loan Origination and Lack Of Awareness In The Emerging Economies
Restraints:
Strict Government Regulation and Stiff Competition Of Among The Major Players
Opportunities:
Increasing Development And Investment In Developing Countries and Increasing Awareness Regarding The Benefit Of Commercial Loan
Key highlights of the Global Commercial Loan Origination System market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Commercial Loan Origination System market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Commercial Loan Origination System market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Commercial Loan Origination System Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
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, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Commercial Loan Origination System market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using 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 include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.