Loan Administration, Check Cashing & Other Services in the US
Over the five years to 2017, the Loan Administration, Check Cashing and Other Services industry performed strongly, thanks to favorable macroeconomic conditions and increasing purchasing activity. In particular, the industry is highly dependent on the health of the housing market, and crash left operators in a very precarious position. However, following the meltdown, the industry consolidated significantly. Over the five years to 2022, this industry is expected to continue growth. Origination of new mortgages will be governed by new government regulations such as Ability-to-Repay and Qualified Mortgages rule, which will restrict the growth in new originations, especially those that are subprime.
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.