Loan Administration, Check Cashing & Other Services in the US - Industry Market Research Report
Description
Loan Administration, Check Cashing & Other Services in the US
Over the five years to 2019, the Loan Administration, Check Cashing and Other Services industry has grown modestly due to increased access to credit, disposable income and housing starts. The continued expansion of the housing market has fueled demand for industry operators. However, large banks' share of industry revenue has declined as their loan servicing portfolios dwindle and a reduction in subprime lending deters their involvement in the industry. Over the five years to 2024, the industry is expected to continue growing, supported by rising housing starts and access to credit. Continued growth in consumer spending and disposable income will sustain lending activity and demand for servicing 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.
Over the five years to 2019, the Loan Administration, Check Cashing and Other Services industry has grown modestly due to increased access to credit, disposable income and housing starts. The continued expansion of the housing market has fueled demand for industry operators. However, large banks' share of industry revenue has declined as their loan servicing portfolios dwindle and a reduction in subprime lending deters their involvement in the industry. Over the five years to 2024, the industry is expected to continue growing, supported by rising housing starts and access to credit. Continued growth in consumer spending and disposable income will sustain lending activity and demand for servicing 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.
Table of Contents
47 Pages
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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