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 | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| 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?
Q2. Which 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?
Q4. Which region holds the largest share in the Loan Management Software market?
Q5. Which are the prominent players in the Loan Management Software Market?
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
- 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
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
