Online Mortgage Brokers
Growth in the housing market and an increase in the percentage of services conducted online significantly boosted revenue for the Online Mortgage Brokers industry over the five years to 2019. Industry operators match consumers seeking mortgages with lenders on a fee basis or host mortgage marketplaces where mortgage lenders can access a network of potential borrowers. A greater share of mortgages brokered online and increasing advertising revenue from online mortgage marketplaces have caused industry revenue to grow over the five years to 2019. Over the five years to 2024, the industry is expected to expand further, albeit at a decelerated pace.
This industry includes firms that broker home mortgages online and firms that provide online mortgage marketplaces. It excludes banking and nonbanking institutions that originate home mortgages through online channels, but does include revenue from brokers that earn commissions on online home mortgages originated by these institutions.
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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