Global Loan Origination Software Market Overview:
Loan Origination Software is meant to provide loan or credit services on the go to the consumers. Changing socio-economic conditions and advent of digital platforms meant users want to avail the banking service on the go. These software manages various lending tasks such as origination, underwriting, closing and documentation for contract services, title companies, credit unions, government agencies and private lenders.
As per latest study released by AMA Research, the Global Loan Origination Software market is expected to see growth rate of 11.9% and may see market size of USD4.37 Billion by 2027.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Billion) |
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:
Rise in deployment of big data and cloud services in banking sector
Market Growth Drivers:
Increasing developments and investment in both developed and developing countries and Pre-determined decision rules used to evaluate the qualifying criteria
Challenges:
Changing regulatory frameworks adversely affecting lending businesses
Opportunities:
Adoption of automation technology for speeds up the lending processes and facilitates consistency in decisions
Competitive Landscape:
Some of the key players profiled in the report are Ellie Mae (United States), Calyx Software (United States), FICS (United States), Fiserv (United States), Byte Software (United States), Mortgage Builder Software (United States), Mortgage Cadence (Accenture) (United States), Wipro (India), Tavant Tech (United States), D+H Corp (Canada), Lending QB (United States), Black Knight (United States), ISGN Corp (United States) and Pegasystems (United States). Additionally, following companies can also be profiled that are part of our coverage like Juris Technologies (Malaysia), Axcess Consulting Group (Australia) and Turnkey Lender (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Loan Origination Software market by 2027.
In November 2018, Calyx Software a leading provider of comprehensive mortgage software solutions for banks, credit unions, mortgage bankers, wholesale and correspondent lenders and brokers, announced its cloud-based software Path, dynamic mortgage loan origination software (LOS), is now integrated with LodeStar Software Solutions, a leading settlement services data provider.
What Can be Explored with the Loan Origination Software Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Loan Origination Software Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Loan Origination 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 Loan Origination 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 Loan Origination 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.
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.