Software

Global Loan Management Software Market Opportunities and Forecast 2020-2027

  • DLR2855
  • 02 April, 2022
  • Service & Software
  • Pages: 120
  • Global
Global Loan Management Software Market, By Deployment (SaaS-Based, On-Premise), and opportunities and forecast 2020-2027

Loan Management Software Market Overview

Loan management software is cost-effective because it does not require any additional maintenance or installation. Additionally, loan management software eliminates the need for IT personnel to update the software. For businesses searching for a solid loan management application, loan management software provides the most comprehensive collection of options. Loan management software lowers IT costs, saves time to market, increases revenues, and improves client satisfaction. The program makes it simple to handle loan processing activities. Its goal is to make business operations easier to manage by enhancing loan quality. Furthermore, loan management software aids in the discovery of a solution for all of a company's financial requirements.
 
Several financial organizations require more risk controls during the loan process to avoid losses and increase capital and lending capabilities under regulatory standards. The loan management software assists mortgage lenders, banks, and credit unions in providing precise and real-time data analysis in connection with pricing fixing and examining potential clients' credit histories. Loan management software also assists wholesale lenders, banks, specialty lenders, and commercial finance businesses in the management of various forms of notes, installment loans, mortgages, and contracts. Loan management software also helps to increase the speed of service and customer satisfaction by automating loan decisions. In the next years, these factors are projected to enhance the global loan management software market.
 
On the other hand, increased competition is expected to hinder the global loan management software market during the forecast period. Nonetheless, leading players in the global loan management software market are expected to benefit from the rise in popularity and demand for loan management software in the next years.

Report Metric Details
Market size available for years 2019–2027
Base year considered 2019
Forecast period 2020–2027
Forecast unit Value (USD Million)
Segments covered Deployment, and Region.
Regions covered North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA)
Companies covered Calyx Technology, Inc., Ellie Mae, Inc., FICS Software, Fiserv, Inc., Ncino, Inc., Nucleus Software Exports Ltd., Byte Software, Vernon Street Capital, LLC, Mortgage Builder Software, Mortgage Cadence, Intellect Design Arena Limited, Wipro Limited, Tavant Technologies, Inc., Finastra Group Holdings Limited, DH Corporation, ISGN Corporation, Lending QB, Pegasystems Inc. Black Knight, Inc., Newgen Software Technologies Limited, Juris Technologies, SPARK, Axcess Consulting Group, and Turnkey Lender.


Covid-19 Impact on Loan Management Software Market

Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
 
Loan Management Software Market Segment Overview



According to Deployment, the SaaS-based segment is anticipated to hold the largest share of the global loan management software market in the forthcoming years. This is mainly due to its lower implementation cost than on-premises loan management software.  Further, the pricing model of SaaS-based software is primarily based on system maintenance and upgrades. In addition, SaaS-based software does not require installation because it is maintained by the vendor's data center and may be accessed per the subscription.

Loan Management Software Market, By Deployment
·       SaaS-Based 
·       On-Premise
 
Loan Management Software Market Regional Overview

Region-Wise, North America is expected to hold a maximum share of the global market during the forecast period. This is mainly due to the presence of global players in the region. Furthermore, the market in the Asia Pacific is expected to grow at a considerable rate in the coming years.

Loan Management Software Market, By Geography
 
·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
 
Loan Management Software Market Competitor overview

Some key developments and strategies adopted by manufacturers in the Loan Management Software are highlighted below.

·       In November 2021, LoanPro, a tech-forward leader in loan servicing software, announced an agreement with Finicity, a Mastercard company and leading provider of open banking solutions. LoanPro will utilize consumer-permissioned data and smart analytics from FinicityPay solutions to verify account ownership, fund loans, and mitigate payment failure and fraud.

·       In November 2021, Applied Business Software™ ("ABS"), makers of The Mortgage Office®, leader in loan administration and MIC management software, announced the launch of a fully web-based loan origination system specifically designed for the Canadian market.

·       In November 2021, William Mills Agency, the largest independent public relations and marketing firm specializing in the financial industry, has been selected by Vergent LMS for public relations services. The company also engaged William Mills Agency’s marketing services for a complete redesign and update of the Vergent LMS’s website which went live this fall. Headquartered in Ridgeland, Mississippi, the company provides omnichannel loan management software for lending institutions and financial services organizations across several vertical markets.
 
Loan Management Software Market, Key Players

·       Calyx Technology, Inc.
·       Ellie Mae, Inc.
·       FICS Software
·       Fiserv, Inc.
·       Ncino, Inc.
·       Nucleus Software Exports Ltd.
·       Byte Software
·       Vernon Street Capital, LLC
·       Mortgage Builder Software
·       Mortgage Cadence
·       Intellect Design Arena Limited
·       Wipro Limited
·       Tavant Technologies, Inc.
·       Finastra Group Holdings Limited
·       DH Corporation
·       ISGN Corporation
·       Lending QB
·       Pegasystems Inc
·       Black Knight, Inc.
·       Newgen Software Technologies Limited
·       Juris Technologies
·       SPARK
·       Axcess Consulting Group
·       Turnkey Lender

Frequently Asked Questions (FAQ) :

Q1. What are the restraining factors for the Loan Management Software market?

A. Increased competition is expected to hinder the global loan management software market during the forecast period.

Q2. Which Segments are covered in the Loan Management Software Market report?

A. Deployment, and Region. these segments are covered in the Loan Management Software market report

Q3. Which segment is projected to hold the largest share in the Loan Management Software Market?

A. SaaS-based segment is projected to hold the largest share in the Loan Management Software Market.

Q4. Which region holds the largest share in the Loan Management Software market?

A. North America held the largest share in the global Loan Management Software market

Q5. Which are the prominent players in the Loan Management Software Market?

A. Calyx Technology, Inc., Ellie Mae, Inc., FICS Software, Fiserv, Inc., Ncino, Inc., Nucleus Software Exports Ltd., Byte Software, Vernon Street Capital, LLC, Mortgage Builder Software, Mortgage Cadence, Intellect Design Arena Limited, Wipro Limited, Tavant Technologies, Inc., Finastra Group Holdings Limited, DH Corporation, ISGN Corporation, Lending QB, Pegasystems Inc. Black Knight, Inc., Newgen Software Technologies Limited, Juris Technologies, SPARK, Axcess Consulting Group, and Turnkey Lender. are some key players in the Loan Management Software Market.
Loan Management Software Market Study Global Market Analysis, Insights and Forecast, 2020-2027

    1. Introduction

    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions

    2. Executive Summary

      3. Market Dynamics

      • 3.1. Market Drivers
      • 3.2. Market Restraints
      • 3.3. Market Opportunities

      4. Key Insights

      • 4.1. Key Emerging Trends – For Major Countries
      • 4.2. Latest Technological Advancement
      • 4.3. Regulatory Landscape
      • 4.4. Industry SWOT Analysis
      • 4.5. Porters Five Forces Analysis

      5. Global Loan Management Software Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 5.1. Key Findings / Summary
      • 5.2. Market Analysis, Insights and Forecast – By Deployment
        • 5.2.1. SaaS-Based
        • 5.2.2. On-Premise
      • 5.3. Market Analysis, Insights and Forecast – By Region
        • 5.3.1. North America
        • 5.3.2. Europe
        • 5.3.3. Asia Pacific
        • 5.3.4. Latin America, Middle East and Africa

      6. North America Loan Management Software Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 6.1. Key Findings / Summary
      • 6.2. Market Analysis, Insights and Forecast – By Deployment
        • 6.2.1. SaaS-Based
        • 6.2.2. On-Premise
      • 6.3. Market Analysis, Insights and Forecast – By Country
        • 6.3.1. U.S.
        • 6.3.2. Canada

      7. Europe Loan Management Software Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 7.1. Key Findings / Summary
      • 7.2. Market Analysis, Insights and Forecast – By Deployment
        • 7.2.1. SaaS-Based
        • 7.2.2. On-Premise
      • 7.3. Market Analysis, Insights and Forecast – By Country
        • 7.3.1. UK
        • 7.3.2. Germany
        • 7.3.3. France
        • 7.3.4. Italy
        • 7.3.5. Spain
        • 7.3.6. Russia
        • 7.3.7. Rest of Europe

      8. Asia Pacific Loan Management Software Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 8.1. Key Findings / Summary
      • 8.2. Market Analysis, Insights and Forecast – By Deployment
        • 8.2.1. SaaS-Based
        • 8.2.2. On-Premise
      • 8.3. Market Analysis, Insights and Forecast – By Country
        • 8.3.1. China
        • 8.3.2. India
        • 8.3.3. Japan
        • 8.3.4. Australia
        • 8.3.5. South East Asia
        • 8.3.6. Rest of Asia Pacific

      9. Latin America, Middle East and Africa Loan Management Software Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 9.1. Key Findings / Summary
      • 9.2. Market Analysis, Insights and Forecast – By Deployment
        • 9.2.1. SaaS-Based
        • 9.2.2. On-Premise
      • 9.3. Market Analysis, Insights and Forecast – By Country
        • 9.3.1. Brazil
        • 9.3.2. Saudi Arabia
        • 9.3.3. UAE
        • 9.3.4. Rest of LAMEA

      10. Competitive Analysis

      • 10.1. Company Market Share Analysis, 2018
      • 10.2. Key Industry Developments
      • 10.3. Company Profile
      • 10.4. Calyx Technology, Inc.
        • 10.4.1. Business Overview
        • 10.4.2. Segment 1 & Service Offering
        • 10.4.3. Overall Revenue
        • 10.4.4. Geographic Presence
        • 10.4.5. Recent Development
      *Similar details will be provided for the following companies
      • 10.5. Ellie Mae, Inc.
      • 10.6. FICS Software
      • 10.7. Fiserv, Inc.
      • 10.8. Ncino, Inc.
      • 10.9. Nucleus Software Exports Ltd.
      • 10.10. Byte Software
      • 10.11. Vernon Street Capital, LLC
      • 10.12. Mortgage Builder Software
      • 10.13. Mortgage Cadence
      • 10.14. Intellect Design Arena Limited
      • 10.15. Wipro Limited
      • 10.16. Tavant Technologies, Inc.
      • 10.17. Finastra Group Holdings Limited
      • 10.18. DH Corporation
      • 10.19. ISGN Corporation
      • 10.20. Lending QB
      • 10.21. Pegasystems Inc
      • 10.22. Black Knight, Inc.
      • 10.23. Newgen Software Technologies Limited
      • 10.24. Juris Technologies
      • 10.25. SPARK
      • 10.26. Axcess Consulting Group

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