Digital Mortgage Software Market By Component (Solutions, Services), By Deployment Mode (On-Premises, Cloud), By Enterprise Size (Large Enterprise, Small and Medium Enterprises), By Application (Residential Mortgage, Commercial Mortgage, Others), By Type (Adjustable-Rate Mortgages, Fixed-Rate Mortgages, Government-Insured Mortgages), By End User (Banks, Credit Unions, Mortgage Lenders and Brokers, Others): Global Opportunity Analysis and Industry Forecast, 2024-2032

September 2024 | 220 pages | ID: DB41BF587010EN
Allied Market Research

Abstracts

The global digital mortgage software market was worth $3.7 billion in 2022, and it is anticipated to expand to $35.3 billion by 2032, reflecting a CAGR of 24.7% between 2024 and 2032. Digital mortgage software is a specialized financial tool designed to streamline and automate the management of mortgage and loan processes. The tool enables the handling of tasks such as application processing, credit evaluation, interest rate calculations, payment scheduling, and document management. This software is crucial for financial institutions, including banks, credit unions, and mortgage lenders, as it accelerates loan origination, reduces manual errors, ensures regulatory compliance, and enhances customer experience.

An increase in demand for automation and integration of AI and ML boosts the growth of the global digital mortgage software market. In addition, the rise in popularity of online and mobile banking positively impacts the growth of the digital mortgage software market. However, high implementation costs and data security & privacy concerns hamper the digital mortgage software market growth. On the contrary, expansion into emerging markets is expected to offer remunerative opportunities for the growth of the digital mortgage software market during the forecast period.

The digital mortgage software market is segmented into component, deployment mode, enterprise size, application, end user, and region. By component, the market is categorized into solutions and services. On the basis of deployment mode, the market is divided into on-premises and cloud. By enterprise size, the market is bifurcated into large enterprises and SMEs. By application, the market is classified into residential mortgage, commercial mortgage, and others. By type the market is divided into adjustable-rate mortgages, fixed-rate mortgages, and government-insured mortgages. By end user, it is classified into banks, credit unions, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players that operate in the digital mortgage software market are StreamLoan, Maxwell Lender Solutions Inc., ICE Mortgage Technology Inc, Salesforce Inc, nCino, Blend, CoreLogic, Blue Sage Solutions, Calyx Software, and Finastra. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

The global digital mortgage software market has witnessed a rise in growth during the COVID-19 pandemic, owing to the dramatically increased digital penetration during the period of COVID-19-induced lockdowns and stringent social distancing policies, which further fueled the demand for remote operational tools such as SaaS-based digital mortgage software. Moreover, the COVID-19 pandemic highlighted more than any other event in human history, the critical role digital mortgage software infrastructure plays in keeping businesses, governments, and communities, customers connected and working with financial firms.

In addition, the unexpected social and financial disruption caused by the pandemic has forced individuals and businesses all around the world to rely on technology and IT services such as SaaS for documentation, wide-ranging set of account-centric business operations, repayment modes such as standing instructions, cash, and electronic payments, and to follow social distance, etc. Furthermore, digital mortgage software helps the financial industry reinvent customer relationships by identifying personalized needs and engaging with customers through hyper-personalized one-to-one contacts. In addition, digital mortgage software services offer the widest set of solutions for companies looking for a great loan management application which helped to boost the market during the pandemic. In addition, digital mortgage software services help to find a solution remotely for all the financial needs of businesses during COVID. Therefore, such factors propelled the growth of the global digital mortgage software market during the period.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the digital mortgage software market analysis from 2022 to 2032 to identify the prevailing digital mortgage software 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 make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the digital mortgage software 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 digital mortgage software market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

• Quarterly Update and* (only available with a corporate license, on listed price)
• 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
• Free Upcoming Version on the Purchase of Five and Enterprise User License.
• 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
• 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
• Free data Pack on the Five and Enterprise User License. (Excel version of the report)
• Free Updated report if the report is 6-12 months old or older.
• 24-hour priority response*
• Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

• End user preferences and pain points
• Industry life cycle assessment, by region
• Product Benchmarking / Product specification and applications
• Product Life Cycles
• Senario Analysis & Growth Trend Comparision
• Technology Trend Analysis
• Go To Market Strategy
• Market share analysis of players by products/segments
• New Product Development/ Product Matrix of Key Players
• Pain Point Analysis
• Regulatory Guidelines
• Strategic Recommedations
• Additional company profiles with specific to client's interest
• Additional country or region analysis- market size and forecast
• Brands Share Analysis
• Criss-cross segment analysis- market size and forecast
• Expanded list for Company Profiles
• Historic market data
• Market share analysis of players at global/region/country level
• SWOT Analysis

Key Market Segments

By Component

• Solutions
• Services

By Deployment Mode

• On-Premises
• Cloud

By Enterprise Size

• Large Enterprise
• Small and Medium Enterprises

By Application

• Residential Mortgage
• Commercial Mortgage
• Others

By Type

• Adjustable-Rate Mortgages
• Fixed-Rate Mortgages
• Government-Insured Mortgages

By End User

• Banks
• Credit Unions
• Mortgage Lenders and Brokers
• Others

By Region

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Italy
• Spain
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
• LAMEA
• Latin America
• Middle East
• Africa
• Key Market Players
• Blend Labs, Inc.
• Blue Sage Solutions, LLC
• Calyx Technology, Inc.
• CoreLogic
• Finastra
• ICE Mortgage Technology, Inc
• Maxwell Financial Labs, Inc
• nCino Opco, Inc.
• Salesforce, Inc.
• StreamLoan.io

Contents

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
  1.4.1. Primary research
  1.4.2. Secondary research
  1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
  3.2.1. Top impacting factors
  3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
  3.3.1. Low bargaining power of suppliers
  3.3.2. Low threat of new entrants
  3.3.3. Low threat of substitutes
  3.3.4. Low intensity of rivalry
  3.3.5. Low bargaining power of buyers
3.4. Market dynamics
  3.4.1. Drivers
    3.4.1.1. Increase in demand for automation
    3.4.1.2. Integration of AI and Machine Learning
    3.4.1.3. Growing popularity of online and mobile banking
  3.4.2. Restraints
    3.4.2.1. Data security and privacy concerns
    3.4.2.2. High Implementation Costs
  3.4.3. Opportunities
    3.4.3.1. Expansion into emerging markets

CHAPTER 4: DIGITAL MORTGAGE SOFTWARE MARKET, BY COMPONENT

4.1. Overview
  4.1.1. Market size and forecast
4.2. Solutions
  4.2.1. Key market trends, growth factors and opportunities
  4.2.2. Market size and forecast, by region
  4.2.3. Market share analysis by country
4.3. Services
  4.3.1. Key market trends, growth factors and opportunities
  4.3.2. Market size and forecast, by region
  4.3.3. Market share analysis by country

CHAPTER 5: DIGITAL MORTGAGE SOFTWARE MARKET, BY DEPLOYMENT MODE

5.1. Overview
  5.1.1. Market size and forecast
5.2. On-Premises
  5.2.1. Key market trends, growth factors and opportunities
  5.2.2. Market size and forecast, by region
  5.2.3. Market share analysis by country
5.3. Cloud
  5.3.1. Key market trends, growth factors and opportunities
  5.3.2. Market size and forecast, by region
  5.3.3. Market share analysis by country

CHAPTER 6: DIGITAL MORTGAGE SOFTWARE MARKET, BY ENTERPRISE SIZE

6.1. Overview
  6.1.1. Market size and forecast
6.2. Large Enterprise
  6.2.1. Key market trends, growth factors and opportunities
  6.2.2. Market size and forecast, by region
  6.2.3. Market share analysis by country
6.3. Small and Medium Enterprises
  6.3.1. Key market trends, growth factors and opportunities
  6.3.2. Market size and forecast, by region
  6.3.3. Market share analysis by country

CHAPTER 7: DIGITAL MORTGAGE SOFTWARE MARKET, BY APPLICATION

7.1. Overview
  7.1.1. Market size and forecast
7.2. Residential Mortgage
  7.2.1. Key market trends, growth factors and opportunities
  7.2.2. Market size and forecast, by region
  7.2.3. Market share analysis by country
7.3. Commercial Mortgage
  7.3.1. Key market trends, growth factors and opportunities
  7.3.2. Market size and forecast, by region
  7.3.3. Market share analysis by country
7.4. Others
  7.4.1. Key market trends, growth factors and opportunities
  7.4.2. Market size and forecast, by region
  7.4.3. Market share analysis by country

CHAPTER 8: DIGITAL MORTGAGE SOFTWARE MARKET, BY TYPE

8.1. Overview
  8.1.1. Market size and forecast
8.2. Adjustable-Rate Mortgages
  8.2.1. Key market trends, growth factors and opportunities
  8.2.2. Market size and forecast, by region
  8.2.3. Market share analysis by country
8.3. Fixed-Rate Mortgages
  8.3.1. Key market trends, growth factors and opportunities
  8.3.2. Market size and forecast, by region
  8.3.3. Market share analysis by country
8.4. Government-Insured Mortgages
  8.4.1. Key market trends, growth factors and opportunities
  8.4.2. Market size and forecast, by region
  8.4.3. Market share analysis by country

CHAPTER 9: DIGITAL MORTGAGE SOFTWARE MARKET, BY END USER

9.1. Overview
  9.1.1. Market size and forecast
9.2. Banks
  9.2.1. Key market trends, growth factors and opportunities
  9.2.2. Market size and forecast, by region
  9.2.3. Market share analysis by country
9.3. Credit Unions
  9.3.1. Key market trends, growth factors and opportunities
  9.3.2. Market size and forecast, by region
  9.3.3. Market share analysis by country
9.4. Mortgage Lenders and Brokers
  9.4.1. Key market trends, growth factors and opportunities
  9.4.2. Market size and forecast, by region
  9.4.3. Market share analysis by country
9.5. Others
  9.5.1. Key market trends, growth factors and opportunities
  9.5.2. Market size and forecast, by region
  9.5.3. Market share analysis by country

CHAPTER 10: DIGITAL MORTGAGE SOFTWARE MARKET, BY REGION

10.1. Overview
  10.1.1. Market size and forecast By Region
10.2. North America
  10.2.1. Key market trends, growth factors and opportunities
  10.2.2. Market size and forecast, by Component
  10.2.3. Market size and forecast, by Deployment Mode
  10.2.4. Market size and forecast, by Enterprise Size
  10.2.5. Market size and forecast, by Application
  10.2.6. Market size and forecast, by Type
  10.2.7. Market size and forecast, by End User
  10.2.8. Market size and forecast, by country
    10.2.8.1. U.S.
      10.2.8.1.1. Market size and forecast, by Component
      10.2.8.1.2. Market size and forecast, by Deployment Mode
      10.2.8.1.3. Market size and forecast, by Enterprise Size
      10.2.8.1.4. Market size and forecast, by Application
      10.2.8.1.5. Market size and forecast, by Type
      10.2.8.1.6. Market size and forecast, by End User
    10.2.8.2. Canada
      10.2.8.2.1. Market size and forecast, by Component
      10.2.8.2.2. Market size and forecast, by Deployment Mode
      10.2.8.2.3. Market size and forecast, by Enterprise Size
      10.2.8.2.4. Market size and forecast, by Application
      10.2.8.2.5. Market size and forecast, by Type
      10.2.8.2.6. Market size and forecast, by End User
10.3. Europe
  10.3.1. Key market trends, growth factors and opportunities
  10.3.2. Market size and forecast, by Component
  10.3.3. Market size and forecast, by Deployment Mode
  10.3.4. Market size and forecast, by Enterprise Size
  10.3.5. Market size and forecast, by Application
  10.3.6. Market size and forecast, by Type
  10.3.7. Market size and forecast, by End User
  10.3.8. Market size and forecast, by country
    10.3.8.1. UK
      10.3.8.1.1. Market size and forecast, by Component
      10.3.8.1.2. Market size and forecast, by Deployment Mode
      10.3.8.1.3. Market size and forecast, by Enterprise Size
      10.3.8.1.4. Market size and forecast, by Application
      10.3.8.1.5. Market size and forecast, by Type
      10.3.8.1.6. Market size and forecast, by End User
    10.3.8.2. Germany
      10.3.8.2.1. Market size and forecast, by Component
      10.3.8.2.2. Market size and forecast, by Deployment Mode
      10.3.8.2.3. Market size and forecast, by Enterprise Size
      10.3.8.2.4. Market size and forecast, by Application
      10.3.8.2.5. Market size and forecast, by Type
      10.3.8.2.6. Market size and forecast, by End User
    10.3.8.3. France
      10.3.8.3.1. Market size and forecast, by Component
      10.3.8.3.2. Market size and forecast, by Deployment Mode
      10.3.8.3.3. Market size and forecast, by Enterprise Size
      10.3.8.3.4. Market size and forecast, by Application
      10.3.8.3.5. Market size and forecast, by Type
      10.3.8.3.6. Market size and forecast, by End User
    10.3.8.4. Italy
      10.3.8.4.1. Market size and forecast, by Component
      10.3.8.4.2. Market size and forecast, by Deployment Mode
      10.3.8.4.3. Market size and forecast, by Enterprise Size
      10.3.8.4.4. Market size and forecast, by Application
      10.3.8.4.5. Market size and forecast, by Type
      10.3.8.4.6. Market size and forecast, by End User
    10.3.8.5. Spain
      10.3.8.5.1. Market size and forecast, by Component
      10.3.8.5.2. Market size and forecast, by Deployment Mode
      10.3.8.5.3. Market size and forecast, by Enterprise Size
      10.3.8.5.4. Market size and forecast, by Application
      10.3.8.5.5. Market size and forecast, by Type
      10.3.8.5.6. Market size and forecast, by End User
    10.3.8.6. Rest of Europe
      10.3.8.6.1. Market size and forecast, by Component
      10.3.8.6.2. Market size and forecast, by Deployment Mode
      10.3.8.6.3. Market size and forecast, by Enterprise Size
      10.3.8.6.4. Market size and forecast, by Application
      10.3.8.6.5. Market size and forecast, by Type
      10.3.8.6.6. Market size and forecast, by End User
10.4. Asia-Pacific
  10.4.1. Key market trends, growth factors and opportunities
  10.4.2. Market size and forecast, by Component
  10.4.3. Market size and forecast, by Deployment Mode
  10.4.4. Market size and forecast, by Enterprise Size
  10.4.5. Market size and forecast, by Application
  10.4.6. Market size and forecast, by Type
  10.4.7. Market size and forecast, by End User
  10.4.8. Market size and forecast, by country
    10.4.8.1. China
      10.4.8.1.1. Market size and forecast, by Component
      10.4.8.1.2. Market size and forecast, by Deployment Mode
      10.4.8.1.3. Market size and forecast, by Enterprise Size
      10.4.8.1.4. Market size and forecast, by Application
      10.4.8.1.5. Market size and forecast, by Type
      10.4.8.1.6. Market size and forecast, by End User
    10.4.8.2. Japan
      10.4.8.2.1. Market size and forecast, by Component
      10.4.8.2.2. Market size and forecast, by Deployment Mode
      10.4.8.2.3. Market size and forecast, by Enterprise Size
      10.4.8.2.4. Market size and forecast, by Application
      10.4.8.2.5. Market size and forecast, by Type
      10.4.8.2.6. Market size and forecast, by End User
    10.4.8.3. India
      10.4.8.3.1. Market size and forecast, by Component
      10.4.8.3.2. Market size and forecast, by Deployment Mode
      10.4.8.3.3. Market size and forecast, by Enterprise Size
      10.4.8.3.4. Market size and forecast, by Application
      10.4.8.3.5. Market size and forecast, by Type
      10.4.8.3.6. Market size and forecast, by End User
    10.4.8.4. Australia
      10.4.8.4.1. Market size and forecast, by Component
      10.4.8.4.2. Market size and forecast, by Deployment Mode
      10.4.8.4.3. Market size and forecast, by Enterprise Size
      10.4.8.4.4. Market size and forecast, by Application
      10.4.8.4.5. Market size and forecast, by Type
      10.4.8.4.6. Market size and forecast, by End User
    10.4.8.5. South Korea
      10.4.8.5.1. Market size and forecast, by Component
      10.4.8.5.2. Market size and forecast, by Deployment Mode
      10.4.8.5.3. Market size and forecast, by Enterprise Size
      10.4.8.5.4. Market size and forecast, by Application
      10.4.8.5.5. Market size and forecast, by Type
      10.4.8.5.6. Market size and forecast, by End User
    10.4.8.6. Rest of Asia-Pacific
      10.4.8.6.1. Market size and forecast, by Component
      10.4.8.6.2. Market size and forecast, by Deployment Mode
      10.4.8.6.3. Market size and forecast, by Enterprise Size
      10.4.8.6.4. Market size and forecast, by Application
      10.4.8.6.5. Market size and forecast, by Type
      10.4.8.6.6. Market size and forecast, by End User
10.5. LAMEA
  10.5.1. Key market trends, growth factors and opportunities
  10.5.2. Market size and forecast, by Component
  10.5.3. Market size and forecast, by Deployment Mode
  10.5.4. Market size and forecast, by Enterprise Size
  10.5.5. Market size and forecast, by Application
  10.5.6. Market size and forecast, by Type
  10.5.7. Market size and forecast, by End User
  10.5.8. Market size and forecast, by country
    10.5.8.1. Latin America
      10.5.8.1.1. Market size and forecast, by Component
      10.5.8.1.2. Market size and forecast, by Deployment Mode
      10.5.8.1.3. Market size and forecast, by Enterprise Size
      10.5.8.1.4. Market size and forecast, by Application
      10.5.8.1.5. Market size and forecast, by Type
      10.5.8.1.6. Market size and forecast, by End User
    10.5.8.2. Middle East
      10.5.8.2.1. Market size and forecast, by Component
      10.5.8.2.2. Market size and forecast, by Deployment Mode
      10.5.8.2.3. Market size and forecast, by Enterprise Size
      10.5.8.2.4. Market size and forecast, by Application
      10.5.8.2.5. Market size and forecast, by Type
      10.5.8.2.6. Market size and forecast, by End User
    10.5.8.3. Africa
      10.5.8.3.1. Market size and forecast, by Component
      10.5.8.3.2. Market size and forecast, by Deployment Mode
      10.5.8.3.3. Market size and forecast, by Enterprise Size
      10.5.8.3.4. Market size and forecast, by Application
      10.5.8.3.5. Market size and forecast, by Type
      10.5.8.3.6. Market size and forecast, by End User

CHAPTER 11: COMPETITIVE LANDSCAPE

11.1. Introduction
11.2. Top winning strategies
11.3. Product mapping of top 10 player
11.4. Competitive dashboard
11.5. Competitive heatmap
11.6. Top player positioning, 2022

CHAPTER 12: COMPANY PROFILES

12.1. Maxwell Financial Labs, Inc
  12.1.1. Company overview
  12.1.2. Key executives
  12.1.3. Company snapshot
  12.1.4. Operating business segments
  12.1.5. Product portfolio
  12.1.6. Key strategic moves and developments
12.2. ICE Mortgage Technology, Inc
  12.2.1. Company overview
  12.2.2. Key executives
  12.2.3. Company snapshot
  12.2.4. Operating business segments
  12.2.5. Product portfolio
  12.2.6. Business performance
12.3. Salesforce, Inc.
  12.3.1. Company overview
  12.3.2. Key executives
  12.3.3. Company snapshot
  12.3.4. Operating business segments
  12.3.5. Product portfolio
  12.3.6. Business performance
12.4. Blend Labs, Inc.
  12.4.1. Company overview
  12.4.2. Key executives
  12.4.3. Company snapshot
  12.4.4. Operating business segments
  12.4.5. Product portfolio
  12.4.6. Business performance
  12.4.7. Key strategic moves and developments
12.5. CoreLogic
  12.5.1. Company overview
  12.5.2. Key executives
  12.5.3. Company snapshot
  12.5.4. Operating business segments
  12.5.5. Product portfolio
  12.5.6. Key strategic moves and developments
12.6. Blue Sage Solutions, LLC
  12.6.1. Company overview
  12.6.2. Key executives
  12.6.3. Company snapshot
  12.6.4. Operating business segments
  12.6.5. Product portfolio
  12.6.6. Key strategic moves and developments
12.7. Calyx Technology, Inc.
  12.7.1. Company overview
  12.7.2. Key executives
  12.7.3. Company snapshot
  12.7.4. Operating business segments
  12.7.5. Product portfolio
12.8. Finastra
  12.8.1. Company overview
  12.8.2. Key executives
  12.8.3. Company snapshot
  12.8.4. Operating business segments
  12.8.5. Product portfolio
12.9. nCino Opco, Inc.
  12.9.1. Company overview
  12.9.2. Key executives
  12.9.3. Company snapshot
  12.9.4. Operating business segments
  12.9.5. Product portfolio
  12.9.6. Business performance
  12.9.7. Key strategic moves and developments
12.10. StreamLoan.io
  12.10.1. Company overview
  12.10.2. Key executives
  12.10.3. Company snapshot
  12.10.4. Operating business segments
  12.10.5. Product portfolio