Recovering from a historic crash in the housing market and responding to swelling competition from commercial banks have proved difficult for the Loan Brokers industry over the five years to 2016. Industry revenue peaked prior to the recession due to insatiable consumer demand for credit and the widespread use of a range of mortgage options for previously unqualified borrowers. With general improvements in the housing sector in recent years, the industry has turned its focus toward restoring its reputation. Over the five years to 2021, the continued recovery of the economy, particularly the housing market, will favorably impact the industry's performance. However, trends initiated by the subprime crisis will continue to temper growth, especially competition from commercial banks and the industry's declining share of mortgage originations. In addition, regulatory changes that are anticipated to increase barriers to entry are expected to prevent the industry from recovering fully.
This industry is made up of establishments that arrange loans, especially mortgages, by bringing borrowers and lenders together on a commission or fee basis.
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.