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Global Mortgage/Loan Brokers Market Size (2024 - 2029)

The global mortgage/loan brokers market is experiencing significant growth, with its market size expanding rapidly during the forecast period. Mortgage brokers act as intermediaries between lenders and borrowers, negotiating favorable loan terms and rates from multiple lenders, unlike bank loan officers who represent a single institution. The market's expansion was initially hindered by the COVID-19 pandemic, which reduced loan demand and caused substantial losses for brokers. However, the recovery strategies implemented by governments and institutions are aiding in the stabilization and growth of the market.

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Market Size of Global Mortgage/Loan Brokers Industry

Mortgage/Loan Brokers Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
CAGR 15.00 %
Fastest Growing Market North America
Largest Market Asia-Pacific
Market Concentration Medium

Major Players

Mortgage/Loans Broker Market Major Players

*Disclaimer: Major Players sorted in no particular order

Mortgage/Loan Brokers Market Analysis

The Mortgage/Loans Broker Market is valued at USD 260 billion in the current year and is expected to grow at a CAGR of 15% in the forecasted period.

A mortgage/loan broker is a specialist who serves as a point of contact between lenders who authorize loans and companies looking to borrow money. Brokers search for the finest financial rates and terms whether their customer wants to fund a loan or launch a new business. They bargain with lenders to secure loan approval or look into other options. A bank loan officer offers mortgage rates and programs from just one company. In contrast, a mortgage broker works on behalf of a borrower to locate the best lending programs and/or lowest rates offered by several lenders.

The Covid-19 epidemic had a detrimental effect on the expansion of the global loan brokers' business since fewer consumers were seeking loans during the COVID era, which caused many loan brokers to suffer significant losses. The impact of the COVID-19 epidemic explores how governments and major institutions are handling the issue and recuperating, as well as the immediate repercussions and ongoing difficulties lenders are facing. Institutions' actions can be categorized into one of three broad categories: preparing for recovery, controlling and stabilizing business risk, and responding to volume influxes.

Mortgage/Loan Brokers Industry Segmentation

A mortgage broker is a middleman who handles the mortgage loan application procedure on behalf of individuals or companies. In essence, they build connections between mortgage lenders and borrowers without investing any of their own money. The Global Mortgage/Loans Broker Market is segmented by Enterprise (Large, Small, and Medium-sized) by Application (Home Loans, Commercial and Industrial Loans, Vehicle Loans, Loans to Governments, and Others), by End- User (Businesses and Individuals), and by Geography (North America, Europe, Asia- Pacific, Latin - America, Middle East, and Africa). The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.

Enterprise
Large
Small
Medium- sized
Application
Home Loans
Commercial and Industrial Loans
Vehicle Loans
Loans to Governments
Others
End - User
Businesses
Individuals
Geography
North America
Europe
Asia - Pacific
Middle- East & Africa
South America
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Global Mortgage/Loan Brokers Market Size Summary

The global mortgage and loan broker market is experiencing significant growth, driven by the increasing demand for digital transformation in the industry. Mortgage brokers serve as intermediaries between lenders and borrowers, offering a broader range of lending programs and competitive rates compared to traditional bank loan officers. The market has been impacted by the COVID-19 pandemic, which initially led to a decline in loan applications and challenges for brokers. However, the shift towards digital processes and virtual closings has enhanced consumer experiences and improved returns on investment for lenders. This digital transformation is particularly appealing to younger, tech-savvy homebuyers, such as millennials, who prefer seamless online interactions for their mortgage transactions.

As the housing market continues to thrive, the broker channel is well-positioned to expand its market share due to its relationship-based services, diverse loan options, and technological resources. Despite the competitive landscape, brokers must prioritize customer needs, leverage technology, and maintain strong market relationships to succeed. The market is characterized by intense competition among key players, including major financial institutions like Bank of America and BNP Paribas, which are actively expanding their operations and offering innovative mortgage solutions. The ongoing digital shift and the brokers' adaptability to market demands are crucial for sustaining growth and navigating the evolving industry landscape.

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Global Mortgage/Loan Brokers Market Size - Table of Contents

  1. 1. MARKET DYNAMICS AND INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Insights on Various Regulatory Trends Shaping Mortgage Broker Market

    5. 1.5 Insights on the impact of technology and innovation in Operation in Mortgage Broker Market

    6. 1.6 Insights on Performance of Asset Managers

    7. 1.7 Industry Attractiveness - Porters' Five Forces Analysis

      1. 1.7.1 Threat of New Entrants

      2. 1.7.2 Bargaining Power of Buyers

      3. 1.7.3 Bargaining Power of Suppliers

      4. 1.7.4 Threat of Substitutes

      5. 1.7.5 Intensity of Competitive Rivalry

    8. 1.8 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 Enterprise

      1. 2.1.1 Large

      2. 2.1.2 Small

      3. 2.1.3 Medium- sized

    2. 2.2 Application

      1. 2.2.1 Home Loans

      2. 2.2.2 Commercial and Industrial Loans

      3. 2.2.3 Vehicle Loans

      4. 2.2.4 Loans to Governments

      5. 2.2.5 Others

    3. 2.3 End - User

      1. 2.3.1 Businesses

      2. 2.3.2 Individuals

    4. 2.4 Geography

      1. 2.4.1 North America

      2. 2.4.2 Europe

      3. 2.4.3 Asia - Pacific

      4. 2.4.4 Middle- East & Africa

      5. 2.4.5 South America

Global Mortgage/Loan Brokers Market Size FAQs

The Global Mortgage/Loan Brokers Market is projected to register a CAGR of 15% during the forecast period (2024-2029)

Bank Of America, Royal Bank of Canada, BNP Paribas, Truist Financial Corporation and Mitsubishi UFJ Financial Group are the major companies operating in the Global Mortgage/Loan Brokers Market.

Global Mortgage/Loan Brokers Report Snapshots

Global Mortgage/Loan Brokers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)