Market Overview:
The global loan servicing market is expected to grow from USD XX billion in 2018 to USD XX billion by 2030, at a CAGR of X%. The growth of the market can be attributed to the increasing demand for conventional and conforming loans, rising number of private money and hard money loans, and growing application of loan servicing software. The global loan servicing market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into conventional loans, conforming loans FHA Loans Private Money Loans Hard Money Loans. On the basis of application, the market is segmented into homeowner local bank company.
Product Definition:
Loan Servicing is the process of managing a loan. This includes collecting payments, maintaining records, and communicating with the borrower. Loan servicing is important because it helps ensure that the loan is repaid on time and in full.
Conventional Loans:
Conventional loans are those provided by banks and other financial institutions against real estate or automobile as security. These loans can be used for various purposes, such as home improvement, education, business start-up enterprises and personal needs like medical emergencies. Conventional lending is a time-tested method that has been used over the centuries to fund projects ranging from churches to skyscrapers.
Conforming Loans:
Conforming loans are those that comply with the requirements set by the regulatory bodies.
The loan amount should not be more than the principal balance of your mortgage (the remaining balance on your home). The interest rate should be no more than 2% above what you were paying before. Your income and credit history mustn’t change since last year.
Application Insights:
The homeowner application segment accounted for the largest revenue share of over 40% in 2017. The growth is attributed to increasing number of first-time homebuyers across the globe. In addition, easy availability of mortgage products with low down payments and interest rates has been fueling demand globally.
The local bank application segment is expected to witness significant growth over the forecast period owing to rising adoption of e-banking services by banks globally. As a result, customers are preferring online payment options for their loans as well which further reduces servicing requirements on a day-to-day basis.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market for global loan servicing over the forecast period. The growth of this region can be attributed to increasing foreign investments in developing economies, such as China and India. For instance, according to a study by the United Nations Conference on Trade and Development (UNCTAD), from 2015 to 2016, Foreign Direct Investments (FDI) in China increased by USD X billion while FDI inflows into India witnessed an increase of USD X billion. Such investments are expected to boost economic development thereby driving demand for various financial products including loans over the forecast period.
The Asia Pacific regional market accounted for approximately 37% share of global revenue in 2017 owing high growth rates observed in emerging economies like China.
Growth Factors:
- Increasing demand for loan servicing from the banking and non-banking financial institutions (NBFCs) due to the growth of credit offtake.
- The need for better customer experience and faster turnaround time is driving the adoption of new technology platforms in loan servicing market.
- Rising awareness about automated loan servicing solutions is propelling the growth of this market across different geographies.
- Growing number of defaults and restructured loans are fueling the demand for Loan Servicing Solutions (LSS) providers’ services worldwide .
Scope Of The Report
Report Attributes
Report Details
Report Title
Loan Servicing Market Research Report
By Type
Conventional Loans, Conforming Loans, FHA Loans, Private Money Loans, Hard Money Loans
By Application
Homeowner, Local Bank, Company
By Companies
FICS, Fiserv, Mortgage Builder, Nortridge Software, Shaw Systems Associates
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
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Loan Servicing Market Report Segments:
The global Loan Servicing market is segmented on the basis of:
Types
Conventional Loans, Conforming Loans, FHA Loans, Private Money Loans, Hard Money Loans
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
Homeowner, Local Bank, Company
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:
- FICS
- Fiserv
- Mortgage Builder
- Nortridge Software
- Shaw Systems Associates
Highlights of The Loan Servicing 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:
- Conventional Loans
- Conforming Loans
- FHA Loans
- Private Money Loans
- Hard Money Loans
- By Application:
- Homeowner
- Local Bank
- Company
- 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 Servicing 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Loan servicing is the process of monitoring, managing and servicing a loan. This includes collecting payments, communicating with borrowers and ensuring that the terms of the loan are met.
Some of the major players in the loan servicing market are FICS, Fiserv, Mortgage Builder, Nortridge Software, Shaw Systems Associates.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Loan Servicing Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Loan Servicing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Loan Servicing Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Loan Servicing Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Loan Servicing Market Size & Forecast, 2018-2028
4.5.1 Loan Servicing Market Size and Y-o-Y Growth
4.5.2 Loan Servicing Market Absolute $ Opportunity
Chapter 5 Global Loan Servicing Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Loan Servicing Market Size Forecast by Type
5.2.1 Conventional Loans
5.2.2 Conforming Loans
5.2.3 FHA Loans
5.2.4 Private Money Loans
5.2.5 Hard Money Loans
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Loan Servicing Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Loan Servicing Market Size Forecast by Applications
6.2.1 Homeowner
6.2.2 Local Bank
6.2.3 Company
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Loan Servicing Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Loan Servicing Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Loan Servicing Analysis and Forecast
9.1 Introduction
9.2 North America Loan Servicing Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Loan Servicing Market Size Forecast by Type
9.6.1 Conventional Loans
9.6.2 Conforming Loans
9.6.3 FHA Loans
9.6.4 Private Money Loans
9.6.5 Hard Money Loans
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Loan Servicing Market Size Forecast by Applications
9.10.1 Homeowner
9.10.2 Local Bank
9.10.3 Company
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Loan Servicing Analysis and Forecast
10.1 Introduction
10.2 Europe Loan Servicing Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Loan Servicing Market Size Forecast by Type
10.6.1 Conventional Loans
10.6.2 Conforming Loans
10.6.3 FHA Loans
10.6.4 Private Money Loans
10.6.5 Hard Money Loans
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Loan Servicing Market Size Forecast by Applications
10.10.1 Homeowner
10.10.2 Local Bank
10.10.3 Company
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Loan Servicing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Loan Servicing Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Loan Servicing Market Size Forecast by Type
11.6.1 Conventional Loans
11.6.2 Conforming Loans
11.6.3 FHA Loans
11.6.4 Private Money Loans
11.6.5 Hard Money Loans
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Loan Servicing Market Size Forecast by Applications
11.10.1 Homeowner
11.10.2 Local Bank
11.10.3 Company
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Loan Servicing Analysis and Forecast
12.1 Introduction
12.2 Latin America Loan Servicing Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Loan Servicing Market Size Forecast by Type
12.6.1 Conventional Loans
12.6.2 Conforming Loans
12.6.3 FHA Loans
12.6.4 Private Money Loans
12.6.5 Hard Money Loans
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Loan Servicing Market Size Forecast by Applications
12.10.1 Homeowner
12.10.2 Local Bank
12.10.3 Company
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Loan Servicing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Loan Servicing Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Loan Servicing Market Size Forecast by Type
13.6.1 Conventional Loans
13.6.2 Conforming Loans
13.6.3 FHA Loans
13.6.4 Private Money Loans
13.6.5 Hard Money Loans
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Loan Servicing Market Size Forecast by Applications
13.10.1 Homeowner
13.10.2 Local Bank
13.10.3 Company
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Loan Servicing Market: Competitive Dashboard
14.2 Global Loan Servicing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 FICS
14.3.2 Fiserv
14.3.3 Mortgage Builder
14.3.4 Nortridge Software
14.3.5 Shaw Systems Associates
