Loan Administration, Check Cashing & Other Services in the US
Over the past five years, the Loan Administration, Check Cashing and Other Services industry has rebounded strongly from the recession. The industry is highly dependent on the health of the housing market, and its crash left operators in a very precarious position. In the coming years, this industry is expected to return to its normal growth pattern. The industry is forecast to expand at a steady pace over the next five years as a result of new loan activity, which had been severely hurt by the subprime fallout and the subsequent decline in home prices. Rising home prices and increasing housing starts will lead to renewed demand for mortgages as consumers' trust in real estate investments renews.
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 include selling and cashing traveler’s checks, money orders and cashier’s checks, as well as 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.