Loan Servicing Market Research Report covers the present scenario and the growth prospects of the Loan Servicing Industry for 2017-2021. Loan Servicing Market, has been prepared based on an in-depth market analysis with inputs from industry experts.
The report covers the market landscape and its growth prospects over the coming years and discussion of the key vendors effective in this market. To calculate the market size, the report considers the revenue generated from the sales of Loan Servicing globally.
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The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry.
Following Companies Are Key Players of the Loan Servicing Market:
• Mortgage Builder
• Nortridge Software
• Shaw Systems Associates
Other Prominent Vendors of Loan Servicing Market Are:
• Altisource Portfolio Solutions
• Applied Business Software
• AutoPal Software
• Cloud Lending
“The global loan servicing software market is currently witnessing the emergence of SaaS-based loan servicing software. SaaS-based loan servicing software enables loan originators to manage the entire lending cycle from origination to maturity from any location with a secure Internet connection. SaaS-based loan servicing software is cost effective as the installation and maintenance of such solutions does not require any extra cost.”
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According to the report, one of the major drivers for this market is need to comply with multiple regulations. Organizations are made to follow regulatory requirements to protect and manage the corporate information. Governments of many countries are enforcing acts and policies, such as Sarbanes–Oxley (SOX) Act and the Health Insurance Portability and Accountability Act (HIPAA) in the US, and data breach notification laws that companies need to comply with for conducting business effectively.
Report also presents Geographical Segmentation analysis of Loan Servicing Market of Americas, APAC, EMEA region.
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Further, the report states that one of the major factors hindering the growth of this market is security risks associated with SaaS offerings. Data security concerns remain an issue for mortgage banks, credit unions, and commercial lenders as business data are critical. Though cloud service providers adopt the compliance regulations and industry certifications for storing data and important files but providing data to external service providers always opens up risks of data breach.
Key questions answered in Loan Servicing market report:
No of Pages: 62
Price of Report: $ 3500 (Single User License)
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