[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Loan Servicing Software Market by Component (Software, Services), Deployment Mode (On-premises, Cloud-based), Enterprise Size (Large Enterprises, Small and Medium-sized Enterprises), End User (Banks, Credit Unions, Mortgage Lenders and Brokers, and Others), and Region 2024-2032

January 2024 | 144 pages | ID: LFBE3A011CE6EN
IMARC Group

US$ 3,899.00

E-mail Delivery (PDF), Hard Copy Mail Delivery, CD-ROM Mail Delivery

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
The global loan servicing software market size reached US$ 3.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 7.7 Billion by 2032, exhibiting a growth rate (CAGR) of 10.9% during 2024-2032. Significant growth in the banking, financial services and insurance (BFSI) sector, the launch of mobile applications, and the integration of advanced technologies represent some of the key factors driving the market.

Loan servicing software is designed to support lenders in increasing revenue, enhancing customer satisfaction, simplifying portfolio management, and lessening operating expenses. It facilitates mortgage lenders, banks, and credit unions to produce real-time and precise data analysis related to price setting and examining credit profiles of potential clients. It assists in automating and managing the loan lifecycle, from origination, credit decisions, payment and collections, accounting, and reporting. It also improves workflow efficiency, controls service loans internally, manages customer service operations, and minimizes error and effort when tracking and reconciling loans. It offers mortgage, home equity, consumer, and business loans. As loan servicing software is being integrated with payment gateways and accounting software to provide a comprehensive solution for borrowers and lenders, its demand is escalating across the globe.

Loan Servicing Software Market Trends:
Loan servicing software is employed in the banking, financial services and insurance (BFSI) sector to streamline banking operations and improve the customer experience by providing borrowers with easy access to their loan information and payment options. This represents one of the major factors bolstering the market growth around the world. Moreover, the increasing adoption of loan servicing software in small and medium enterprises (SMEs) to provide real time data on loan performance and identify and manage potential risks is contributing to the market growth. Apart from this, the advent of mobile applications that facilitates borrowers to manage their loans and make payments via smartphones and enhance convenience and accessibility is propelling the market growth. Furthermore, there is a rise in the integration of artificial intelligence (AI), machine learning (ML), cloud computing, and blockchain technology in loan servicing software to improve efficiency and enhance the experience of the user. These advanced technologies are also used to automate various tasks, such as identifying and categorizing documents and analyzing data to identify trends and patterns that can help in decision-making. They also enable secure and transparent tracking of transactions that can help improve the accuracy and efficiency of the loan servicing process. This, coupled with the incorporation of robotic process automation (RPA) that allows the software to automate repetitive tasks, such as data entry, and helps reduce the workload of staff, is strengthening the growth of the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global loan servicing software market, along with forecasts at the global, regional, and country level from 2024-2032. Our report has categorized the market based on component, deployment mode, enterprise size, and end user.

Component Insights:

Software
Services

The report has provided a detailed breakup and analysis of the loan servicing software market based on the component. This includes software and services. According to the report, software represented the largest segment.

Deployment Mode Insights:

On-premises
Cloud-based

A detailed breakup and analysis of the loan servicing software market based on the deployment mode has also been provided in the report. This includes on-premises and cloud-based. According to the report, cloud-based accounted for the largest market share.

Enterprise Size Insights:

Large Enterprises
Small and Medium-sized Enterprises

The report has provided a detailed breakup and analysis of the loan servicing software market based on the enterprise size. This includes large enterprises and small and medium-sized enterprises. According to the report, large enterprises represented the largest segment.

End User Insights:

Banks
Credit Unions
Mortgage Lenders and Brokers
Others

A detailed breakup and analysis of the loan servicing software market based on the end user has also been provided in the report. This includes banks, credit unions, mortgage lenders and brokers, and others. According to the report, banks represented the largest segment.

Regional Insights:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa. According to the report, North America was the largest market for loan servicing software. Some of the factors driving the North America loan servicing software market included significant growth in the banking, financial services and insurance (BFSI) sector, integration of advanced technologies, increasing adoption of loan servicing software in numerous industries, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global loan servicing software market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Altisource, Applied Business Software, Bryt Software LCC, C-Loans Inc., Emphasys Software (Constellation Software), Financial Industry Computer Systems Inc., Fiserv Inc., GOLDPoint Systems Inc., Graveco Software Inc., LoanPro, Nortridge Software LLC, Q2 Software Inc. (Q2 Holdings Inc.), and Shaw Systems Associates LLC.

Key Questions Answered in This Report:
How has the global loan servicing software market performed so far and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global loan servicing software market?
What are the key regional markets?
Which countries represent the most attractive loan servicing software markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the deployment mode?
What is the breakup of the market based on the enterprise size?
What is the breakup of the market based on the end user?
What is the competitive structure of the global loan servicing software market?
Who are the key players/companies in the global loan servicing software market?
1 PREFACE


2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY


4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL LOAN SERVICING SOFTWARE MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY COMPONENT

6.1 Software
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Services
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY DEPLOYMENT MODE

7.1 On-premises
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Cloud-based
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY ENTERPRISE SIZE

8.1 Large Enterprises
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Small and Medium-sized Enterprises
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY END USER

9.1 Banks
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Credit Unions
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Mortgage Lenders and Brokers
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Others
  9.4.1 Market Trends
  9.4.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia-Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 DRIVERS, RESTRAINTS, AND OPPORTUNITIES

11.1 Overview
11.2 Drivers
11.3 Restraints
11.4 Opportunities

12 VALUE CHAIN ANALYSIS


13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS


15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Altisource
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
  15.3.2 Applied Business Software
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
  15.3.3 Bryt Software LCC
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
  15.3.4 C-Loans Inc.
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
  15.3.5 Emphasys Software (Constellation Software)
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
  15.3.6 Financial Industry Computer Systems Inc.
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
  15.3.7 Fiserv Inc.
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
    15.3.7.3 Financials
    15.3.7.4 SWOT Analysis
  15.3.8 GOLDPoint Systems Inc.
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
  15.3.9 Graveco Software Inc.
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
  15.3.10 LoanPro
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
  15.3.11 Nortridge Software LLC
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
  15.3.12 Q2 Software Inc. (Q2 Holdings Inc.)
    15.3.12.1 Company Overview
    15.3.12.2 Product Portfolio
  15.3.13 Shaw Systems Associates LLC
    15.3.13.1 Company Overview
    15.3.13.2 Product Portfolio


LIST OF TABLES

Table 1: Global: Loan Servicing Software Market: Key Industry Highlights, 2023 & 2032
Table 2: Global: Loan Servicing Software Market Forecast: Breakup by Component (in Million US$), 2024-2032
Table 3: Global: Loan Servicing Software Market Forecast: Breakup by Deployment Mode (in Million US$), 2024-2032
Table 4: Global: Loan Servicing Software Market Forecast: Breakup by Enterprise Size (in Million US$), 2024-2032
Table 5: Global: Loan Servicing Software Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 6: Global: Loan Servicing Software Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Loan Servicing Software Market: Competitive Structure
Table 8: Global: Loan Servicing Software Market: Key Players

LIST OF FIGURES

Figure 1: Global: Loan Servicing Software Market: Major Drivers and Challenges
Figure 2: Global: Loan Servicing Software Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Loan Servicing Software Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Loan Servicing Software Market: Breakup by Component (in %), 2023
Figure 5: Global: Loan Servicing Software Market: Breakup by Deployment Mode (in %), 2023
Figure 6: Global: Loan Servicing Software Market: Breakup by Enterprise Size (in %), 2023
Figure 7: Global: Loan Servicing Software Market: Breakup by End User (in %), 2023
Figure 8: Global: Loan Servicing Software Market: Breakup by Region (in %), 2023
Figure 9: Global: Loan Servicing Software (Software) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Loan Servicing Software (Software) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Loan Servicing Software (Services) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Loan Servicing Software (Services) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Loan Servicing Software (On-premises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Loan Servicing Software (On-premises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Loan Servicing Software (Cloud-based) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Loan Servicing Software (Cloud-based) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Loan Servicing Software (Large Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Loan Servicing Software (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Loan Servicing Software (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Loan Servicing Software (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Loan Servicing Software (Banks) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Loan Servicing Software (Banks) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Loan Servicing Software (Credit Unions) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Loan Servicing Software (Credit Unions) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Loan Servicing Software (Mortgage Lenders and Brokers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Loan Servicing Software (Mortgage Lenders and Brokers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Loan Servicing Software (Other End Users) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Loan Servicing Software (Other End Users) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: North America: Loan Servicing Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: North America: Loan Servicing Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: United States: Loan Servicing Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: United States: Loan Servicing Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Canada: Loan Servicing Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Canada: Loan Servicing Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Asia-Pacific: Loan Servicing Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Asia-Pacific: Loan Servicing Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: China: Loan Servicing Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: China: Loan Servicing Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Japan: Loan Servicing Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Japan: Loan Servicing Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: India: Loan Servicing Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: India: Loan Servicing Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: South Korea: Loan Servicing Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: South Korea: Loan Servicing Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Australia: Loan Servicing Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Australia: Loan Servicing Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Indonesia: Loan Servicing Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Indonesia: Loan Servicing Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Others: Loan Servicing Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Others: Loan Servicing Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Europe: Loan Servicing Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Europe: Loan Servicing Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Germany: Loan Servicing Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Germany: Loan Servicing Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: France: Loan Servicing Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: France: Loan Servicing Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: United Kingdom: Loan Servicing Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: United Kingdom: Loan Servicing Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Italy: Loan Servicing Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Italy: Loan Servicing Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Spain: Loan Servicing Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Spain: Loan Servicing Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Russia: Loan Servicing Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Russia: Loan Servicing Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Others: Loan Servicing Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Others: Loan Servicing Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Latin America: Loan Servicing Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Latin America: Loan Servicing Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Brazil: Loan Servicing Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Brazil: Loan Servicing Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Mexico: Loan Servicing Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Mexico: Loan Servicing Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Others: Loan Servicing Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Others: Loan Servicing Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Middle East and Africa: Loan Servicing Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Middle East and Africa: Loan Servicing Software Market: Breakup by Country (in %), 2023
Figure 77: Middle East and Africa: Loan Servicing Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Global: Loan Servicing Software Industry: Drivers, Restraints, and Opportunities
Figure 79: Global: Loan Servicing Software Industry: Value Chain Analysis
Figure 80: Global: Loan Servicing Software Industry: Porter's Five Forces Analysis


More Publications