About Mortgage Broker
A mortgage broker acts as an intermediary between the mortgage borrower and the mortgage lender. They are in charge of gathering information and completing the documentation process for income earned, assets owned, credit report, employment details, and other information needed to assess the borrower's ability to secure financing. Individuals' preference for using brokerage services for mortgage lending and increased awareness of access to finance services are key market drivers. Increased demand for brokers in developing countries, as well as the implementation of newer technologies in mortgage brokerage software, are expected to provide lucrative opportunities for the market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
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. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Mortgage Broker market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
United Wholesale Mortgage (United States), Mortgage Choice Limited (Australia), Freedom Mortgage Corporation (United States), Caliber Home Loans (United States), PennyMac Loan Services (United States), Fairway Independent Mortgage (United States), Associated Mortgage Group (Australia), Redbrick Mortgage (United States) and Habito (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Athena (Australia), Rose Capital Partners (United Kingdom) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Mortgage Broker market by Type (Pure Mortgage Broker, Correspondent Mortgage Broker and Lending Mortgage Broker), Application (Business and Individuals) and Region.
On the basis of geography, the market of Mortgage Broker has been segmented into 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). If we see Market by , the sub-segment i.e.
will boost the Mortgage Broker market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Mortgage Type, the sub-segment i.e. Conventional will boost the Mortgage Broker market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase In Demand For Brokers In Developing Nations And Execution Of New Technologies In Mortgage Brokerage Software
Market Growth Drivers:
A Rise In Millennial Population And Fall In Mortgage Rates Fuelling The Mortgage Industry and Rising Demand To Provide Enhanced Customer Experience Across The Mortgage Industry
Challenges:
The Customer Has To Pay Additional Charges Apart From The Premium
Restraints:
Lack About Mortgage Brokers in Rural Area
Opportunities:
Surging Demand For The Mortgage Among The Developing Nation Will Boost The Mortgage Industry and Growth In The Housing Market Leads The Demand For Mortgage Brokers
Market Leaders and their expansionary development strategies
In September 2020, United Wholesale Mortgage (UWM) has agreed to go public by merging with special purpose acquisition company (SPAC) Gores Holdings IV Inc GHIV.O in a deal that will value the wholesale mortgage lender at USD 16.1 billion. It is the most highly-valued company ever acquired by a SPAC and comes amid a boom of deals by blank-check acquisition companies in 2020.
In November 2023, GPARENCY, a pioneering force in the commercial real estate industry, launched its full-service, game-changing Brokerage as a Services (BaaS) division. With a mandate to onboard mortgage brokers to meet market demand, GPARENCY is seeking those aspiring to break into the field and experienced brokers looking for new opportunities to staff this division. This groundbreaking endeavor is set to redefine commercial real estate services by allowing clients to pay only half a point at closing. Simultaneously, it offers brokers an exceptional 80% commission rate and access to a wide range of products, addressing a common challenge faced by most brokers who typically have only one product in their portfolio.
Key Target Audience
mortgage brokers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.