Global Mortgage & Loans Software Market Overview:
Mortgage & Loans software consists of computer programs, both cloud, and on-premise, designed to replace traditionally manual operations that were historically handled by individuals during the origination or servicing of mortgages and loans. Mortgage and loans software comes in a variety of packages depending on the functionality desired. The software is specifically designed to aid loan officers in developing business and demand generation, to enhance the experience of loan borrowers, and to streamline the replicable and time-consuming portions of the origination process.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Virtual Loan Officers On-Demand, Fully Digital Mortgage Platforms and The rise in the Adoption of AI, Machine Learning, and Block Chain Technology
Market Growth Drivers:
The Rising Need for Trusted and Transparent Transactions, The Growth in Digitalization & Internet Infrastructure and Need for Better Customer Experience
Challenges:
Lack of Digital Literacy in Underdeveloped Countries
Restraints:
Data Security and Privacy Concerns Due to Increasing Cyber-Attacks
Opportunities:
The Emerging Demand for Mortgage and Loans Software from Developed As Well As Developing Countries
Competitive Landscape:
Some of the key players profiled in the report are Integrated Accounting Solutions (United States), BNTouch (United States), Magna Computer (United States), Floify (United States), Ellie Mae (United States), Byte Software (United States), Calyx Software (United States), Mortgage Lens (United States), QC Solutions (South Africa) and PCLender (United States). Additionally, following companies can also be profiled that are part of our coverage like Mortgage Builder Software, Inc. (United States), MortgageFlex Systems, Inc. (United States), Mortgage Cadence, LLC (United States) and Avista Solutions, Inc. (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Mortgage & Loans Software market by 2027. Considering Market by Organisation Size, the sub-segment i.e. Small and Medium Enterprises (SMEs) will boost the Mortgage & Loans Software market.
Latest Market Insights:
On 10 Oct 2017, Calyx Software, a leading mortgage software provider has announced a new partnership with Quicken Loans Mortgage Services (QLMS), a division of Quicken Loans Inc., to release its Quicken Loans Origination System.
On 11 Oct 2018, Calyx Software, a leading mortgage software solutions provider has announced that all the Calyx Point users can access Deephaven’s non-QM mortgage products, enabling them to serve more borrowers as well as capitalize on the growing opportunities for non-QM.
What Can be Explored with the Mortgage & Loans Software Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Mortgage & Loans Software Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Mortgage & Loans Software
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Mortgage & Loans Software 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 Mortgage & Loans Software 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 Mortgage and Loans Software Providers, System Integrators, Government Agencies, Research Institutes, Market and Research Institutes, Potential Investors, Downstream Vendors and Others.
This helps us to gather the data related to 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, USPTO, EPO, Annual reports, press releases etc.