Loan Servicing Market to grow at a CAGR of 14.19% during the period 2017-2021

Market Research Analysts forecast global loan servicing market to grow at a CAGR of 14.19% during the period 2017-2021.

According to the report, one of the major drivers for this market is need to comply with multiple regulations. Organizations are made to follow regulatory requirements to protect and manage the corporate information. Governments of many countries are enforcing acts and policies, such as Sarbanes–Oxley (SOX) Act and the Health Insurance Portability and Accountability Act (HIPAA) in the US, and data breach notification laws that companies need to comply with for conducting business effectively.

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Further, the report states that one of the major factors hindering the growth of this market is security risks associated with SaaS offerings. Data security concerns remain an issue for mortgage banks, credit unions, and commercial lenders as business data are critical. Though cloud service providers adopt the compliance regulations and industry certifications for storing data and important files but providing data to external service providers always opens up risks of data breach.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Covered in this report

Loan servicing software functions as a complete loan servicing system, transaction processing and banking, investor accounting, collection management system, credit reporting software, and electronic funds automated clearing house (ACH) payments and collections. The pricing of loan servicing software is dependent upon the volume, complexity, essential features, and exact requirements in a customer's requested proposal.

Technavio’s analysts forecast the global loan servicing market to grow at a CAGR of 14.19% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global loan servicing market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of loan servicing software licenses, installation and implementation of software, training, maintenance, and subscriptions.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Loan Servicing Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
FICS
Fiserv
Mortgage Builder
Nortridge Software
Shaw Systems Associates

Other prominent vendors
Altisource Portfolio Solutions
Applied Business Software
AutoPal Software
Cassiopae
C-Loans
Cloud Lending
DownHome Solutions
Emphasys Software
FIS
Grants Management Systems (GMS)
Graveco Software
IBM
INTEGRATED ACCOUNTING SOLUTIONS
ISGN
LOAN SERVICING SOFT
Misys
NBFC Software
Nucleus Software
Oracle
PCFS Solutions
Simnang
Sopra Banking Software

Market driver
Need to comply with multiple regulations
For a full, detailed list, view our report

Market challenge
Security risks associated with SaaS offerings
For a full, detailed list, view our report

Market trend
Emergence of SaaS-based loan servicing
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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