Press release
Mortgage Lending Market : Increased focus toward digitalizing lending process
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Report coverage & details:
Report Coverage Details
Forecast Period 2022-2031
Base Year 2021
Market Size in 2021 $11.48 billion
Market Size in 2031 $27.50 billion
CAGR 9.5%
No. of Pages in Report 363
Segments covered Type of Mortgage Loan, Mortgage Loan Terms, Interest Rate, Provider, and Region
Drivers Increase in innovations in software designs to speed up the mortgage-application process
Lower costs for the lender
Need to improve the overall customer experience
Opportunities Increase in digitization in mortgage lending market
Restrains Higher interest rate on mortgage loans and additional costs
Covid-19 Scenario:
The Covid-19 pandemic had a moderate impact on the industry as some lenders struggled to keep up with the workload and had no choice but to raise rates.
Mortgage debt represents the single largest source of debt for individual homeowners and had a significant impact on their financial situation and capacity to maintain financial stability in case of pay reductions or wage loss.
The report offers detailed segmentation of the global mortgage lending market based on type of mortgage loan, mortgage loan terms, interest rate, provider, and region. The report provides analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
Based on type of mortgage loan, the conventional mortgage loans segment accounted for the highest share in 2021, contributing to nearly three-fourths of the total share, and is expected to maintain its leadership status during the forecast period. However, the jumbo loans segment is expected to manifest the highest CAGR of 13.7% from 2022 to 2031.
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Based on mortgage loan terms, the 30-year mortgage segment held the largest share in 2021, accounting for more than half of the market, and is expected to maintain its dominance in terms of revenue by 2031. However, the 15-year mortgage segment is estimated to witness the largest CAGR of 13.7% during the forecast period.
On the basis of interest rate, the fixed-rate mortgage loan segment dominated the market in terms of revenue in 2021, accounting for more than two-thirds of the market, and is expected to maintain its leading position during the forecast period. However, the adjustable-rate mortgage loan segment is estimated to register the highest CAGR of 11.3% during the forecast period.
Based on provider, the primary mortgage lender segment held the largest share in 2021, accounting for nearly three-fourths of the market, and is expected to continue its dominance through 2031. However, secondary mortgage lender segment is expected to showcase the highest CAGR of 12.1% during the forecast period.
Based on region, North America accounted for the highest share in 2021, contributing to nearly half of the total market share, and is projected to continue its leadership status by 2030. However, Asia-Pacific is projected to portray the fastest CAGR of 13.2% during the forecast period.
Leading players of the global mortgage lending market analyzed in the research include Bank of America Corporation, Ally Financial Inc., Citigroup, Inc., BNP Paribas Fortis, JPMorgan Chase & Co, Fannie Mae, PT Bank Central Asia Tbk, Mr. Cooper Group Inc., Royal Bank of Canada, QNB, Social Finance, Inc., Rocket Mortgage, LLC, Truist, Standard Chartered, Wells Fargo, ClearCapital.com, Inc. and Roostify, Inc.
The report analyzes these key players of the global mortgage lending market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
Key Benefits for Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the mortgage lending market analysis from 2021 to 2031 to identify the prevailing mortgage lending market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the mortgage lending market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global mortgage lending market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
Type of Mortgage Loan
Conventional Mortgage Loans
Jumbo Loans
Government-insured Mortgage Loans
Others
Mortgage Loan Terms
30-year Mortgage
20-year Mortgage
15-year Mortgage
Others
Interest Rate
Fixed-rate Mortgage Loan
Adjustable-rate Mortgage Loan
Provider
Primary Mortgage Lender
Primary Mortgage Lender
Banks
Credit Unions
NBFC's
Others
Secondary Mortgage Lender
By Region
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Netherlands
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Singapore
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Related Reports:
Personal Loans Market: https://www.alliedmarketresearch.com/personal-loans-market-A07580
Payday Loans Market : https://www.alliedmarketresearch.com/payday-loans-market-A10012
Trade Loans Services Market : https://www.alliedmarketresearch.com/trade-loan-services-market-A08281
Loan Origination Software Market: https://www.alliedmarketresearch.com/loan-origination-software-market-A15124
Property Loan Market: https://www.alliedmarketresearch.com/property-loan-market-A15131
Florida Digital Lending Market : https://www.alliedmarketresearch.com/florida-digital-lending-market-A11092
United States
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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