Loan Servicing Software Market (Updated Version Available)

Loan servicing software helps banks, mortgage lenders, and credit unions deliver real-time and precise data analysis related to price setting and examining the credit profiles of potential clients. Moreover, it helps the banks, wholesale lenders, commercial finance, and specialty lenders to manage all types of installment loans, notes, contracts, mortgages, and deeds of trust, as well as some clients and contracts.
According to the Segmentation of types, all the market of Loan Servicing Software can be divided as follows:
The first kind need to mention is Cloud Based, it holds a comparatively larger share in global market, which accounts for about 65.51% in 2018.
The following is On-Premises took 34.49% market share in 2018.Loan Servicing Software main application area is Banks. In 2018, this sector hold a market share of 46.44%. Then followed by the Credit Unions which account for 23.94%. The market share of Mortgage Lenders & Brokers was 18.13% in 2018.From the view of region, North America have a larger market share in 2018 which account for 40.92% and will witness a stable growth in following years. Europe hold a market share of 29.30% will still play an important role which cannot be ignored. Any changes from Asia-Pacific, which share a 19.48% market share in 2018, might affect the development trend of Loan Servicing Software. South America and Middle East and Africa are also play important role in Global market.

In 2018, the global Loan Servicing Software market size was 507.6 million US$ and it is expected to reach 1093.9 million US$ by the end of 2025, with a CAGR of 11.2% during 2019-2025.

This report focuses on the global Loan Servicing Software status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Loan Servicing Software development in North America..

The key players covered in this study
FICS
Fiserv
Mortgage Builder
Nortridge Software
Shaw Systems
Applied Business Software
AutoPal
Cloud Lending
Emphasys
GMS
Graveco Software
C-Loans
Bryt Software
ISGN Corporation
Margill
GOLDPoint Systems
LoanPro Software

Market segment by Type, the product can be split into
Cloud Based
On-Premises

In 2018, Cloud Based accounted for a major share of 65% in the global Loan Servicing Software market. And this product segment is poised to reach 614 M USD by 2024 from 364 M USD in 2019.

Market Segment by Application, split into
Banks
Credit Unions
Mortgage Lenders & Brokers
Others

In Loan Servicing Software market, Banks segment holds an important share in terms of application, and it is expected to reach 446 M USD by 2024, at a CAGR of 11.46% during 2019 and 2024. It means that Loan Servicing Software will be promising in the Banks field in the next couple of years.

Market segment by Regions/Countries, this report covers
North America

The study objectives of this report are:
To analyze global Loan Servicing Software status, future forecast, growth opportunity, key market and key players.
To present the Loan Servicing Software development in North America..
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.

In this study, the years considered to estimate the market size of Loan Servicing Software are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.