Mortgage Lending Market By Type of Mortgage Loan (Conventional Mortgage Loans, Jumbo Loans, Government-insured Mortgage Loans, Others), By Mortgage Loan Terms (30-year Mortgage, 20-year Mortgage, 15-year Mortgage, Others), By Interest Rate (Fixed-rate Mortgage Loan, Adjustable-rate Mortgage Loan), By Provider (Primary Mortgage Lender, Secondary Mortgage Lender): Global Opportunity Analysis and Industry Forecast, 2021-2031
A mortgage loan, often known as a mortgage, is a loan utilized by either real estate buyers or current property owners to acquire money for any purpose while enforcing a lien on the real estate being mortgaged. In addition, a mortgage is a loan provided by a bank or other financial organization to aid in the purchase of a house. The actual house is the mortgage's collateral. In other words, if the borrower stops paying the lender on a regular basis and defaults on the loan, the lender can sell the house to recuperate its losses.
To speed up and simplify the front-to-back-end mortgage application process for customers, the mortgage sector has been steadily implementing technology. In addition, the availability of mortgage services on smartphones applications for underwriting processes is boosting the growth of the market. However, higher interest rates on mortgages loans and higher fees for mortgage broker are some of the factors that hamper the market growth. On the contrary, adoption of APIs and open banking in mortgage lending industry is expected to boost the market growth in upcoming years. Moreover, increasing implementation of artificial intelligence (AI) and machine learning (ML) for automation of underwriting and application processes is anticipated to create lucrative opportunities for the market to grow in future.
The mortgage lending market is segmented into type of mortgage loan, mortgage loan terms, interest rate, provider, and region. By type of mortgage loan, the market is differentiated into conventional mortgage loans, jumbo loans, government-insured mortgage loans and others. Depending on mortgage loan term it is fragmented into 30-year mortgage, 20-year mortgage, 15-year mortgage and others. The interest rate segment is divided into fixed-rate mortgage loan, adjustable-rate mortgage loan. The provider segment is segregated into primary mortgage lender and secondary mortgage lender. The primary mortgage lender is further segmented into banks, credit unions, NBFC’s and others. The NBFC’s is further segregated in online and offline. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The mortgage lending market analysis includes top companies operating in the market such as Ally Financial Inc., Bank of America Corporation, BNP Paribas Fortis, Citigroup, Inc., Fannie Mae, JPMorgan Chase & Co, Mr. Cooper Group Inc., PT Bank Central Asia Tbk, QNB, Royal Bank of Canada, Rocket Mortgage, LLC, Social Finance, Inc., Standard Chartered, Truist, Wells Fargo, ClearCapital.com, Inc. and Roostify, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the accounting and budgeting software industry.
KEY BENEFITS FOR STAKEHOLDERS
The study provides in-depth analysis of the global mortgage lending market along with current trends and future estimations to illustrate the imminent investment pockets.
Information about key drivers, restrains, & opportunities and their impact analysis on the global mortgage lending market size are provided in the report.
The Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the global mortgage lending market from 2021 to 2031 is provided to determine the market potential.
Key Market Segments
By Type of Mortgage Loan
Conventional Mortgage Loans
Jumbo Loans
Government-insured Mortgage Loans
Others
By Mortgage Loan Terms
30-year Mortgage
20-year Mortgage
15-year Mortgage
Others
By Interest Rate
Fixed-rate Mortgage Loan
Adjustable-rate Mortgage Loan
By 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
Key Market Players
Ally
Bank of America Corporation
BNP Paribas
China Zheshang Bank
Federal National Mortgage Association (FNMA)
JP Morgan & Chase
Mitsubishi UFJ Financial Group
PT Bank Central Asia Tbk
Qatar National Bank
Royal Bank of Canada
Rocket Mortgage, LLC
Sofi
Standard Chartered PLC
Truist financial corporation
Clear Capital
Roostify
Mr. Cooper
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