Market Overview:
The global loan origination software market is expected to grow at a CAGR of 10.5% from 2018 to 2030. The market was valued at USD 2,362.8 million in 2018 and is projected to reach USD 5,711.4 million by 2030. Cloud-based loan origination software is the most widely used type which takes up about 79.7% of the total sales in 2018., By application, banks were the most widely used area which took up about 70.5% of the global total in 2018., North America accounted for the largest share of the global loan origination software market in 2017 and is projected to maintain its dominance during the forecast period.
Product Definition:
Loan origination software is a computer program that helps mortgage lenders originate loans. It allows the lender to input information about the borrower, such as income and credit history, and then generates a loan proposal that can be presented to the borrower. The software also tracks the progress of each loan through the approval process. This allows lenders to keep track of their pipeline of loans and make better decisions about which loans to fund.
Cloud Based:
Cloud-based software is a type of software system that provides shared computer resources over the internet. It uses cloud as a medium to store data. The technology has evolved from simple storage capacity and sharing of information to complex services such as online analytical processing, database management systems, and business process integration. Cloud-based loan origination software is used by banks for originating loans; it helps them streamline their processes through automation while improving customer experience with faster turnaround time on lending decisions.
On-premise:
On-premise software is a type of lending software that is installed and used on the end-users premises. The software can be installed on computers within the organization or can also be accessed from remote locations. On-premise solutions offer high data security as they are stored internally in an organization's IT infrastructure, thereby avoiding external breaches in information security.
Application Insights:
The banks application segment is expected to grow at a CAGR of XX% from 2018 to 2030 owing to the increasing adoption of these software solutions by banks for originating loans. The growing digitalization and technological upsurge in banking sector has led the lenders towards adopting modern technology which in turn will boost the market growth over next few years.
The others application segment includes non-bank financial institutions such as insurance companies, mutual funds, and pension funds among others who originate loans for their customers or investors on behalf of them through online funding sources or via phone calls with outside investors. These organizations are also using these applications as they offer various functionalities including easy interface design, real-time data entry & management capabilities along with fraud detection features that helpOriginate more secured Loans within a short period of time.
Regional Analysis:
North America was the largest regional market in 2018 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to presence of a large number of players, high usage rate for loan origination software, and increasing demand from small & medium enterprises. In North America, U.S dominated the market with about 78% share in 2018 owing to increasing use by mortgage lenders & brokers as well as banks for originating home loans.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising adoption by financial institutions such as banks and NBFCs for processing loans quickly and efficiently thereby reducing overall processing time resulting into higher approval rates which ultimately results into increased revenue generation capacity thus propelling regional growth over the next eight years (2030).
Growth Factors:
- Increasing demand for online and mobile banking services
- Rising awareness about the benefits of using loan origination software among small businesses
- Proliferation of digital channels such as social media and e-commerce platforms
- Growing need to streamline lending processes for faster approvals
- Emergence of new technologies such as artificial intelligence and machine learning
Scope Of The Report
Report Attributes
Report Details
Report Title
Loan Origination Software Market Research Report
By Type
Cloud Based, On-premise, Cloud based is the most widely used type which takes up about 79.7% of the total sales in 2018., Loan Origination Softwar
By Application
Banks, Credit Unions, Mortgage Lenders & Brokers, Others, Banks were the most widely used area which took up about 70.5% of the global total in 2018.
By Companies
Ellie Mae, Calyx Software, FICS, Fiserv, Byte Software, White Clarke Group, Mortgage Builder, Mortgage Cadence (Accenture), Wipro, Tavant, Finastra, MeridianLink, Black Knight, ISGN Corp, Pegasystems, Juris Technologies, Scorto, Axcess Consulting, Turnkey Lender, VSC, Loan Origination Softwar
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Loan Origination Software Market Report Segments:
The global Loan Origination Software market is segmented on the basis of:
Types
Cloud Based, On-premise, Cloud based is the most widely used type which takes up about 79.7% of the total sales in 2018., Loan Origination Softwar
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, Banks were the most widely used area which took up about 70.5% of the global total in 2018.
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
- White Clarke Group
- Mortgage Builder
- Mortgage Cadence (Accenture)
- Wipro
- Tavant
- Finastra
- MeridianLink
- Black Knight
- ISGN Corp
- Pegasystems
- Juris Technologies
- Scorto
- Axcess Consulting
- Turnkey Lender
- VSC
- Loan Origination Softwar
Highlights of The Loan Origination Software 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:
- Cloud Based
- On-premise
- Cloud based is the most widely used type which takes up about 79.7% of the total sales in 2018.
- Loan Origination Softwar
- By Application:
- Banks
- Credit Unions
- Mortgage Lenders & Brokers
- Others
- Banks were the most widely used area which took up about 70.5% of the global total in 2018.
- 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 Software 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?
Loan origination software is a computer program that helps banks and other lenders originate loans. The software can be used to create loan applications, track loan approvals, and manage the lending process.
Some of the major companies in the loan origination software market are Ellie Mae, Calyx Software, FICS, Fiserv, Byte Software, White Clarke Group, Mortgage Builder, Mortgage Cadence (Accenture), Wipro, Tavant, Finastra, MeridianLink, Black Knight, ISGN Corp, Pegasystems, Juris Technologies, Scorto, Axcess Consulting, Turnkey Lender, VSC, Loan Origination Softwar.
The loan origination software market is expected to grow at a compound annual growth rate of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Loan Origination Software 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 Software 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 Software Market - Supply Chain
4.5. Global Loan Origination Software Market Forecast
4.5.1. Loan Origination Software Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Loan Origination Software Market Size (000 Units) and Y-o-Y Growth
4.5.3. Loan Origination Software Market Absolute $ Opportunity
5. Global Loan Origination Software 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 Software Market Size and Volume Forecast by Type
5.3.1. Cloud Based
5.3.2. On-premise
5.3.3. Cloud based is the most widely used type which takes up about 79.7% of the total sales in 2018.
5.3.4. Loan Origination Softwar
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Loan Origination Software 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 Software 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
6.3.5. Banks were the most widely used area which took up about 70.5% of the global total in 2018.
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Loan Origination Software 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 Software 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 Software 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 Software 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 Software Demand Share Forecast, 2019-2026
9. North America Loan Origination Software 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 Software 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 Software 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
9.4.5. Banks were the most widely used area which took up about 70.5% of the global total in 2018.
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Loan Origination Software Market Size and Volume Forecast by Type
9.7.1. Cloud Based
9.7.2. On-premise
9.7.3. Cloud based is the most widely used type which takes up about 79.7% of the total sales in 2018.
9.7.4. Loan Origination Softwar
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 Software Demand Share Forecast, 2019-2026
10. Latin America Loan Origination Software 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 Software 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 Software 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
10.4.5. Banks were the most widely used area which took up about 70.5% of the global total in 2018.
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Loan Origination Software Market Size and Volume Forecast by Type
10.7.1. Cloud Based
10.7.2. On-premise
10.7.3. Cloud based is the most widely used type which takes up about 79.7% of the total sales in 2018.
10.7.4. Loan Origination Softwar
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 Software Demand Share Forecast, 2019-2026
11. Europe Loan Origination Software 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 Software 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 Software 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
11.4.5. Banks were the most widely used area which took up about 70.5% of the global total in 2018.
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Loan Origination Software Market Size and Volume Forecast b Type
11.7.1. Cloud Based
11.7.2. On-premise
11.7.3. Cloud based is the most widely used type which takes up about 79.7% of the total sales in 2018.
11.7.4. Loan Origination Softwar
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 Software Demand Share, 2019-2026
12. Asia Pacific Loan Origination Software 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 Software 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 Software 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
12.4.5. Banks were the most widely used area which took up about 70.5% of the global total in 2018.
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Loan Origination Software Market Size and Volume Forecast by Type
12.7.1. Cloud Based
12.7.2. On-premise
12.7.3. Cloud based is the most widely used type which takes up about 79.7% of the total sales in 2018.
12.7.4. Loan Origination Softwar
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 Software Demand Share, 2019-2026
13. Middle East & Africa Loan Origination Software 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 Software 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 Software 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
13.4.5. Banks were the most widely used area which took up about 70.5% of the global total in 2018.
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 Software Market Size and Volume Forecast by Type
13.7.1. Cloud Based
13.7.2. On-premise
13.7.3. Cloud based is the most widely used type which takes up about 79.7% of the total sales in 2018.
13.7.4. Loan Origination Softwar
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 Software Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Loan Origination Software Market: Market Share Analysis
14.2. Loan Origination Software Distributors and Customers
14.3. Loan Origination Software 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. White Clarke Group
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
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
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Finastra
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. MeridianLink
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. Scorto
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
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 Out
