What is Loan Origination Software Market?
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.
The market study is being classified by Type (On-demand (Cloud) and On-premise ), by Application (Banks, Credit Unions, Mortgage Lenders & Brokers and Others) and major geographies with country level break-up. According to AMA, 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 2025.
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) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Juris Technologies (Malaysia), Axcess Consulting Group (Australia) and Turnkey Lender (United States).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Loan Origination Software market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Loan Origination Software market by Type, Application and Region.
On the basis of geography, the market of Loan Origination Software 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing developments and investment in both developed and developing countries
- Pre-determined decision rules used to evaluate the qualifying criteria
- Rise in deployment of big data and cloud services in banking sector
- Adoption of automation technology for speeds up the lending processes and facilitates consistency in decisions
- Changing regulatory frameworks adversely affecting lending businesses
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.
Customization in the Report Available:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase