Loan Administration, Check Cashing & Other Services in the US
Over the five years to 2018, the Loan Administration, Check Cashing and Other Services industry has performed strongly, due to strong access to credit and growth in consumer spending, disposable income, and housing starts. The industry is highly dependent on the health of the housing market, and the rebound from the prolonged housing lull has created demand for industry operators who service mortgages. Over the five years to 2023, the industry is expected to continue growing. Continued growth in access to credit, housing starts, and disposable income will sustain lending activity and demand for administrative services conducted by industry operators.
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook