Loan Administration, Check Cashing & Other Services in the US
During the five years to 2014, the Loan Administration, Checking and Other Services industry has rebounded strongly from the recession due to the resurgence of the housing market, increased demand from mortgage originations and housing starts, growing value of new residential construction and a depressed prime rate. Over the five years to 2019, the industry is expected to return to its normal growth pattern, as a result of new loan activity. Rising home prices will lead to renewed demand for mortgages as consumers' trust in real estate investments renews and the rise in demand will increase operators' ability to acquire mortgage-servicing rights and the associated fees. Moreover, the number of mergers and acquisitions will settle down as companies grow revenue through increased demand for mortgage originations and innovation.
The Loan Administration, Check Cashing and Other Services industry services loans, most notably mortgages. This industry does not originate loans, which includes legally arranging and issuing the loan. Servicing loans includes performing all of the administrative aspects of managing a debt portfolio. Operators also perform money transmission services, which includes selling and cashing traveler's checks, money orders and cashier's checks, while also renting safe-deposit boxes.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.