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The US Real Appraisal Estate Market: Size, Trends & Forecasts (2017-2021)

The US Real Estate Market: Size, Trends & Forecasts (2017-2021)

Scope of the Report
The report titled “The US Real Estate Market: Size, Trends & Forecasts (2017-2021)” provides an in-depth analysis of the US appraisal market by value, by volume, by segments, by number of AMCs, appraisers tenure, etc. The report also gives an insight of the Canada addressable appraisal market opportunity.

The competition in the US Real Estate Appraisal Market is very fragmented, with several local and regional players procuring major share of the market. Further, key players of US real estate appraisal market, CoreLogic, Inc., Real Matters, Inc., Wells Fargo & Company and JP Morgan Chase & Co. are also profiled with their financial information and respective business strategies.

Company Coverage

CoreLogic, Inc.
Real Matters, Inc.
Wells Fargo & Company
JP Morgan Chase & Co.

  Executive Summary

Mortgage is a loan in which the house functions as the collateral. The banks or the mortgage lenders, loan a large chunk of money that is around 80% of the price of home that the borrower is required to pay back with interest over a set period of time. On failure of repaying the loan, the lender takes the home through a legal process known as foreclosure.

The mortgage lending process includes Lenders, Appraisal Management Companies (AMC), Appraisers, Title & Closing Companies, Title Agents, and Title Insurers.

An appraisal is a document that establishes an opinion of value for a property. Appraisals can be performed for a variety of reasons, although the most common reason is to help a lender establish the value of the collateral that is associated with a mortgage loan. In the US, most mortgage transactions require an appraisal, which needs to be performed by a certified appraiser.

Financial crises have played a critical role in shaping the relevant regulations to the appraisal process. The appraisal of a property could be done either in-house or through third-party known as Appraisal Management Company (AMC).

An AMC serves as a co-ordinator between the bank and a panel of independent third-party appraisers, who do the actual appraisal work.

The AMCs are either traditional AMC in which the appraiser visits the property site to assess the value of the property or Digitalized version of AMC known as Automated Valuation Model (AVM).

An AVM can come up with a property value much more quickly, and at much lower cost, than a human appraiser, by applying a valuation model of some sort against various sets of data. The AVMs has their own set of features and shortcomings that may evolve with time. The AVMs are at a niche stage of penetration in the US currently.

The US Real Estate Appraisal market has been on a declining trend since 2012; due to increased regulations in the industry, as a result of which several appraisers switch to other fields of work within a span of five years.

The US Real Estate Appraisal Market is further expected to depict a downward trend from 2017-2021 due to significant barriers to entry, low technology penetration in the industry, restricted demand for appraisers based on the region, etc. Yet there are certain trends in the industry such as US mortgage market scenario, poor working relations of AMCs with the appraisers, fragmented market share of mortgage lenders, etc.


1. Executive Summary
2. Introduction
2.1 Mortgage Industry: An Overview
2.1.1 History of Mortgages
2.1.2 Mortgage Lending Process
Table 1: Mortgage Lending Process
2.2 Appraisal Market: An Overview
2.2.1 The Rise of Appraisal Market
2.2.2 Appraisal Market by Mode of Appraisal
Table 2: Appraisal Market by Mode of Appraisal
2.3 AMCs: An Overview
2.3.1 Comparison of AMCs
Table 3: Comparison of AMCs
2.3.2 Type of AMCs
Table 4: Type of AMCs
2.3.3 Type of AMCs: A Comparison
Table 5: Type of AMCs: A Comparison
2.3.4 Features of Digitalized AMC (AVM)
Table 6: Features of Digitalized AMC (AVM)
2.3.5 Shortcoming of Digitalized AMC (AVM)
Table 7: Shortcoming of Digitalized AMC (AVM)
2.3.6 Digital Management of End-to-End Appraisal Process
Table 8: Digital Management of End-to-End Appraisal Process
3. The US Market Analysis
3.1 The US Mortgage Origination Market: An Analysis
3.1.1 The US Mortgage Origination Market by Value
Table 9: The US Mortgage Origination Market by Value; 2011-2019 (US$ Trillion)
3.2 The US Appraisal Market: An Analysis
3.2.1 The US Appraisal Market by Value
Table 10: The US Appraisal Market by Value; 2012-2016 (US$ Billion)
Table 11: The US Appraisal Market by Value; 2017-2021 (US$ Billion)
3.2.2 The US Appraisal Market by Volume
Table 12: The US Appraisal Market by Volume; 2012-2016 (Million)
Table 13: The US Appraisal Market by Volume; 2017-2021 (Million)
3.2.3 The US Appraisal Market Volume by Segments
Table 14: The US Appraisal Market Volume by Segments; 2016 (Percentage, %)
3.2.4 The US Appraisal Market by Number of Active Appraisers
Table 15: The US Appraisal Market by Number of Active Appraisers; 2012-2016 (Number of Appraisers)
3.2.5 The US Appraisal Market by Active Appraisers’ Tenure
Table 16: The US Appraisal Market by Active Appraisers’ Tenure; 2016 (Percentage, %)
3.3 The US AMC Appraisal Market: An Analysis
3.3.1 The US AMC Appraisal Market by Value
Table 17: The US AMC Appraisal Market by Value; 2015-2021 (US$ Million)
3.3.2 The US AMC Appraisal Market by Number of AMCs
Table 18: The US AMC Appraisal Market by Number of AMCs; 2012-2016 (Number of AMCs)
3.3.3 The US AMC Appraisal Market by Lender Size
Table 19: The US AMC Appraisal Market by Lender Size; 2016 (Percentage, %)
3.4 Canada Addressable Appraisal Market Opportunity
Table 20: Canada Addressable Appraisal Market Opportunity; 2016
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Increasing Penetration in the Less Mature Regions
4.1.2 Increased Dependence on AMCs for Appraisal
4.1.3 Rising Technology Penetration in the Appraisal Industry
Table 21: Traditional and Digital AMCs: A Comparison
Table 22: Traditional and Digital AMCs: A Comparison
4.2 Challenges
4.2.1 Obstacles in the Appraisal Industry
Table 23: Obstacles in the Appraisal Industry
4.2.2 Significant barriers to entry.
4.2.3 Shrinking Supply of Appraisers
4.2.4 Restricted Demand for Appraisers Based on the Region
4.2.5 Low Technology Penetration in the Industry
4.3 Market Trends
4.3.1 The US Mortgage Market Scenario
Table 24: The US Mortgage Market Scenario; 2011-2019
4.3.2 The US Appraisal Market Regulations
Table 25: The US Appraisal Market Regulations ; 2016 (Percentage, %)
4.3.3 The US AMC Poor Working Relations with Appraisers
Table 26: The US AMC Poor Working Relations with Appraisers (Reasons); 2016 (Percentage, %)
4.3.4 Digital and Traditional AMCs Platform: Appraiser Compensation Comparison
Table 27: Digital and Traditional AMCs Platform: Appraiser Compensation Comparison; 2016 (US$)
4.3.5 Fragmented Market Share of Mortgage Lenders
Table 28: Fragmented Market Share of Mortgage Lenders; 2011 & 2016 (Percentage, %)
4.3.6 Other Trends in The Appraisal Industry
Table 29: Other Trends in The Appraisal Industry
5. Competitive Landscape
5.1 The US Large AMC Appraisal Market Players by Market Share
Table 30: The US Large AMC Appraisal Market Players by Market Share; 2016 (Percentage, %)
5.2 The US Large AMC Appraisal Market Players: Competitive Analysis
Table 31: The US Large AMC Appraisal Market Players: Competitive Analysis; 2016
6. Company Profile
6.1 CoreLogic, Inc.
6.1.1 Business Overview
6.1.2 Financial Overview
Table 32: CoreLogic Operating Revenue; 2012-2016 (US$ Billion)
Table 33: CoreLogic Operating Revenue by Segments; 2016 (Percentage, %)
6.1.3 Business Strategy
6.2 Real Matters, Inc.
6.2.1 Business Overview
6.2.2 Financial Overview
Table 34: Real Matters Revenue; 2014-2017 (US$ Million)
Table 35: Real Matters Revenue by Segments; 2016 (Percentage, %)
6.2.3 Business Strategy
Table 36: Timeline of Real Matters, Inc.
6.3 Wells Fargo & Company
6.3.1 Business Overview
6.3.2 Financial Overview
Table 37: Wells Fargo Revenue; 2012-2016 (US$ Billion)
Table 38: Wells Fargo Revenue; 2016 (Percentage, %)
6.3.3 Business Strategy
6.4 JP Morgan Chase & Co.
6.4.1 Business Overview
6.4.2 Financial Overview
Table 39: JP Morgan Net Revenue; 2012-2016 (US$ Billion)
Table 40: JP Morgan Net Revenue by Segments; 2016 (Percentage, %)
6.4.3 Business Strategy

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