Market Overview:
The global loan origination systems market is expected to grow at a CAGR of 9.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for cloud-based loan origination systems and the growing need for automation in the banking sector. Based on type, the global loan origination systems market is segmented into on-demand (cloud) and on-premise. The cloud-based segment is expected to grow at a higher CAGR than the on-premise segment during the forecast period from 2018 to 2030. This can be attributed to factors such as lower costs, scalability, and ease of use offered by cloud-based solutions. Based on application, banks are expected to account for a major share of the global loan origination systems market duringthe forecast period from 2018to2030.
Product Definition:
Loan origination system is a software that helps in the processing and approval of loans. It stores information about borrowers, lenders, and loan products. This system also tracks the progress of a loan from application to closing.
On-demand (Cloud):
On-demand (Cloud) is a software-as-a-service model that allows users to use the software and services online without having to install it on their computers. The service can be used through a web browser, smartphone, or personal computer. On demand software is also referred to as cloud based software since it relies on the cloud for storage of data.
On-premise:
On-premise software is a type of software that is installed and used on the end-users' computers. The loan originators use this type of software to originate loans. It has been observed that most of the loan originators prefer to have their own customized system as it helps them save time in terms of managing clients, files, and workflows.
Application Insights:
The banks segment led the market in 2017 and is projected to continue its dominance over the forecast period. The segment growth can be attributed to increasing adoption of LOS by banks for various applications, such as business loans, real estate loans, personal loans and education loan among others. Furthermore, rising penetration of online banking services is also expected to drive demand for LOS solutions over the forecast period.
The credit unions segment accounted for a significant share in 2017 owing to low-cost funding options offered by credit unions that are not available with other financial institutions. In addition, rapid expansion of credit union footprints across regions due largely to increased awareness about their benefits among consumers is expected fuel market growth over the next seven years. Increasing usage of automated systems has been driving mortgage application volume at mortgage lenders and brokers offices across regions including North America and Europe Pacific which was estimated at USD 1 Trillion in 2016 according to Mortgage Brokerage Association (MBA).
Regional Analysis:
The Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing adoption of LGOS in emerging economies, such as India and China. Furthermore, growing digitization across various financial services sectors in these countries has led to increased demand for LGOS solutions. Moreover, regulatory reforms by governments of developing countries are paving way for increased usage of LGOS solutions over the next few years. For instance, in India government has allowed 12% FDI investment through Foreign Direct Investment (FDI) route into banking and insurance sector since 2005; however this limit was not applicable till 2014 for non-banking financial companies ( NBFCs).
North America region accounted for more than 25% revenue share owing to high demand from U.S.
Growth Factors:
- Increasing demand for loans from individuals and businesses
- Rapid technological advancements in loan origination systems
- Rising awareness about the benefits of using loan origination systems
- Growing number of lenders entering the market
- Proliferation of mobile devices and apps facilitating easy access to loan origination systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Loan Origination Systems Market Research Report
By Type
On-demand (Cloud), On-premise
By Application
Banks, Credit Unions, Mortgage Lenders & Brokers, Others
By Companies
Ellie Mae, Calyx Software, FICS, Fiserv, Byte Software, PCLender, LLC, Mortgage Builder Software, Mortgage Cadence (Accenture), Wipro, Tavant Tech, DH Corp, Lending QB, Black Knight, ISGN Corp, Pegasystems, Juris Technologies, SPARK, Axcess Consulting Group, Turnkey Lender, VSC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Loan Origination Systems Market Report Segments:
The global Loan Origination Systems market is segmented on the basis of:
Types
On-demand (Cloud), On-premise
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Banks, Credit Unions, Mortgage Lenders & Brokers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ellie Mae
- Calyx Software
- FICS
- Fiserv
- Byte Software
- PCLender, LLC
- Mortgage Builder Software
- Mortgage Cadence (Accenture)
- Wipro
- Tavant Tech
- DH Corp
- Lending QB
- Black Knight
- ISGN Corp
- Pegasystems
- Juris Technologies
- SPARK
- Axcess Consulting Group
- Turnkey Lender
- VSC
Highlights of The Loan Origination Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-demand (Cloud)
- On-premise
- By Application:
- Banks
- Credit Unions
- Mortgage Lenders & Brokers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Loan Origination Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A loan origination system is a computerized process that helps banks and other lenders originate loans. The system allows lenders to electronically submit applications, track loan approvals, and collect payments.
Some of the major players in the loan origination systems market are Ellie Mae, Calyx Software, FICS, Fiserv, Byte Software, PCLender, LLC, Mortgage Builder Software, Mortgage Cadence (Accenture), Wipro, Tavant Tech, DH Corp, Lending QB, Black Knight, ISGN Corp, Pegasystems, Juris Technologies, SPARK, Axcess Consulting Group, Turnkey Lender, VSC.
The loan origination systems market is expected to grow at a compound annual growth rate of 9.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Loan Origination Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Loan Origination Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Loan Origination Systems Market - Supply Chain
4.5. Global Loan Origination Systems Market Forecast
4.5.1. Loan Origination Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Loan Origination Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Loan Origination Systems Market Absolute $ Opportunity
5. Global Loan Origination Systems Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Loan Origination Systems Market Size and Volume Forecast by Type
5.3.1. On-demand (Cloud)
5.3.2. On-premise
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Loan Origination Systems Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Loan Origination Systems Market Size and Volume Forecast by Application
6.3.1. Banks
6.3.2. Credit Unions
6.3.3. Mortgage Lenders & Brokers
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Loan Origination Systems Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Loan Origination Systems Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Loan Origination Systems Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Loan Origination Systems Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Loan Origination Systems Demand Share Forecast, 2019-2029
9. North America Loan Origination Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Loan Origination Systems Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Loan Origination Systems Market Size and Volume Forecast by Application
9.4.1. Banks
9.4.2. Credit Unions
9.4.3. Mortgage Lenders & Brokers
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Loan Origination Systems Market Size and Volume Forecast by Type
9.7.1. On-demand (Cloud)
9.7.2. On-premise
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Loan Origination Systems Demand Share Forecast, 2019-2029
10. Latin America Loan Origination Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Loan Origination Systems Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Loan Origination Systems Market Size and Volume Forecast by Application
10.4.1. Banks
10.4.2. Credit Unions
10.4.3. Mortgage Lenders & Brokers
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Loan Origination Systems Market Size and Volume Forecast by Type
10.7.1. On-demand (Cloud)
10.7.2. On-premise
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Loan Origination Systems Demand Share Forecast, 2019-2029
11. Europe Loan Origination Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Loan Origination Systems Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Loan Origination Systems Market Size and Volume Forecast by Application
11.4.1. Banks
11.4.2. Credit Unions
11.4.3. Mortgage Lenders & Brokers
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Loan Origination Systems Market Size and Volume Forecast by Type
11.7.1. On-demand (Cloud)
11.7.2. On-premise
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Loan Origination Systems Demand Share, 2019-2029
12. Asia Pacific Loan Origination Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Loan Origination Systems Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Loan Origination Systems Market Size and Volume Forecast by Application
12.4.1. Banks
12.4.2. Credit Unions
12.4.3. Mortgage Lenders & Brokers
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Loan Origination Systems Market Size and Volume Forecast by Type
12.7.1. On-demand (Cloud)
12.7.2. On-premise
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Loan Origination Systems Demand Share, 2019-2029
13. Middle East & Africa Loan Origination Systems Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Loan Origination Systems Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Loan Origination Systems Market Size and Volume Forecast by Application
13.4.1. Banks
13.4.2. Credit Unions
13.4.3. Mortgage Lenders & Brokers
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Loan Origination Systems Market Size and Volume Forecast by Type
13.7.1. On-demand (Cloud)
13.7.2. On-premise
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Loan Origination Systems Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Loan Origination Systems Market: Market Share Analysis
14.2. Loan Origination Systems Distributors and Customers
14.3. Loan Origination Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ellie Mae
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Calyx Software
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. FICS
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Fiserv
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Byte Software
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. PCLender, LLC
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mortgage Builder Software
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mortgage Cadence (Accenture)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Wipro
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Tavant Tech
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. DH Corp
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Lending QB
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Black Knight
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. ISGN Corp
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Pegasystems
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Juris Technologies
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. SPARK
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Axcess Consulting Group
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Turnkey Lender
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. VSC
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
