Loan Brokers in the US
The Loan Brokers industry has faired well over the past five years as consumer confidence levels have risen. Favorable economic conditions and low interest rates have fueled consumer spending over the past five years with purchases of homes and cars increasing demand for mortgages and auto loans. As household spending on big-ticket items increases, demand for loans is also slated to increase. As a result, industry revenue is projected to grow. The next five years are expected to be positive for the Loan Brokers industry as the general economy is expected to grow, albeit at a slower pace. However, the industry is expected to face several headwinds. Over the next five years, interest rates are expected to increase, and, as a result, mortgages will become less attractive to consumers. Moreover, external competition from commercial banks is also expected to continue as certain restrictions under Dodd-Frank are pulled back.
This industry is composed 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.
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