The introduction of technology in the lending and mortgage space will increase business opportunities for e-mortgage companies, Fact.MR evaluates

FACT.MR

FACT.MR

The landscape of traditional mortgage processes will be completely overtaken by e-mortgage technology, creating ample market opportunities in the future

United States, Rockville MD, June 15, 2022 (GLOBE NEWSWIRE) — According to the latest report from Fact.MR, a provider of market research and competitive intelligence, the global demand from e-mortgage market It is estimated to reach a valuation of $46.2 billion by the end of 2022 and will grow at a CAGR of 18.2% over the valuation period (2022-2032).

Banks, fintech, NBFC and others are taking advantage of the digitization wave. This has enabled improved customer experience and cost savings at a much higher level, as well as optimal decision-making. Both lenders and customers are opting for a hassle-free, fast and more reliable digital experience, as well as convenience and security.

For critical insights on e-mortgage market, request a sample report
https://www.factmr.com/connectus/sample?flag=S&rep_id=7474

According to the report, nearly 90% of lenders are confident that technology can help improve the process of processing mortgage applications. In addition, the entire process minimizes data entry by 2/3 while reducing the time required by 70% compared to traditional mortgage processes. Therefore, the adoption curve of e-mortgage technology will show full penetration of the lending and mortgage market in the years to come.

Why will the e-mortgage market boom in the future?

“Increasing Digitization in Banking & Lending”

Consumer demand for e-mortgage has grown exponentially in recent years. In 2018, almost 17,000 electronic promissory notes were registered. After just one year, the number jumped to around 95,000 in 2019, an increase of around 500%. This continued with a month-long tally reaching around 19,240 eNotes in February 2020.

The main reason is the security, speed and cost-effectiveness of e-mortgages compared to traditional paper-based mortgages. The entire process and lending documents, including eNotes, are created, signed, transmitted and stored electronically, limiting the risk of misplacement or theft and enabling automated data verification on a single platform.

This full end-to-end digitization has fueled double-digit growth in e-mortgage and will continue to drive the adoption of mobile personal finance apps for years to come.

learn more about it e-mortgage Market, you can get in touch with our analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=7474

Key segments covered in the e-mortgage industry survey

competitive landscape

Leading players in the e-mortgage market are AmoCRM, BNTouch, Calyx PointCentral, Cimmaron, Encompass, Floify LLC, HubSpot, ICE Mortgage Technology, Inc, Jungo, Keap, Maxwell Financial Labs, Inc., MLO Shift, Pipedrive, Podium, RealINSIGHT, Salesforce, Simple Nexus, Surefire, TeamSupport, Total Expert, Turnkey Loan Originator, Unify, Velocify LoanEngage, Whiteboard, and Zendesk Sell

Market players are on the continuous path to delivering next-generation services by offering additional and faster APIs and high-end customization skills with tools and e-forms. The ability to initiate, manage and execute loans with exceptions and an improved customer experience has been the market leaders’ foremost strategy.

Enable customization e-mortgage market Report for specific research solutions
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7474

Key players in the e-mortgage market

Key takeaways from e-mortgage market survey

  • Global e-Mortgage is poised to expand at a CAGR of 18.2% and reach a valuation of US$46.2 billion by 2032.

  • Based on lender type, the market is expected to be dominated by fintech, which is expected to account for around 50% market share by 2032.

  • North America is expected to be the most attractive region for e-mortgage technology, expected to create an absolute dollar opportunity of $9.2 billion by the end of 2032.

  • The buying segment is expected to grow by 4.2x while the refinancing segment is expected to grow by 6.1x over the forecast period.

  • It is estimated that banks will reach a market valuation of USD 8.3 billion by 2032; However, this segment is expected to lose 328 BPS over the next decade.

About the technology department at Fact.MR

Expert analysis, actionable insights and strategic recommendations from Fact.MR’s highly experienced technology team help customers from around the world with their unique business intelligence needs. With a repertoire of over a thousand reports and over 1 million data points, the team has analyzed the technology industry in over 50 countries for over a decade. The team provides unmatched end-to-end research and consulting services. Contact us to find out how we can help you.

Discover fact.MR Reporting on the technology domain-

Computer Aided Engineering market forecast – The flexibility and cost-effectiveness of cloud computing are key factors behind the increasing adoption of Computer Aided Engineering. For computer-aided engineering systems, cloud computing eliminates the significant expense of hardware procurement, installation, and support infrastructure.

Scope of the market for big data technology and services – The growing importance of big data technology in the Internet of Things is the latest trend gaining traction in the big data and services (IoT) business. As a result, multiple industries are adopting big data services to process massive amounts of data and generate useful insights.

Critical Infrastructure Protection Market analysis– The growing threat of cyber-attacks and security breaches on physical systems leads to a growing requirement to protect OT networks around the world in the coming years, fueling the growth of the critical infrastructure protection market around the world.

cryptocurrency market– Improved clarity of information about different types of cryptocurrencies available in the market is expected to be the main driving factor for the cryptocurrency market. Using cryptocurrency wallets on online platforms has become a new trend among youth.

Computer Aided Recognition Market Trends – Computer-aided detection enables early detection of diseases that can be devastating, such as cancer. Patients were therefore encouraged to opt for random testing and check-ups. Due to these factors, the global computer-aided recognition market is expected to grow rapidly.

Network Access Control Market Analysis – Network Access Control (NAC) has come a long way and a number of industry leaders have developed solutions to evolve it over the years. With an ever-increasing number of large and small and medium-sized businesses, North America will continue to be the most attractive market for Network Access Control.

Market Forecast for Facility Management– The increasing penetration of big data technologies, cloud computing and other advanced technologies has prompted facilities management to take services to a whole new level.
Market for digital experience platforms– The advent of Digital Experience Platforms or DXP has fully integrated the different channels to reach the customers through different multimedia devices with the help of Digital Experience Platform Service Providers.

Commercial Drones Market Sales– According to Fact.MR, the global commercial drone market was valued at US$5.2 billion in 2021 and is expected to grow gradually in the coming years. Manufacturers have recognized the application potential and are introducing a variety of innovative product lines that offer highly customized solutions to specific industry needs.

Electronic Design Automation Market Analysis– According to market research and competitive intelligence provider Fact. MR, the electronic design automation market, recorded a CAGR of 8.3% from 2015 to 2021. As the demand for complex integrated circuits (ICs) increases, the electronic design automation market is growing.

About us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us with their most important decisions. While our experienced consultants use the latest technologies to uncover hard-to-find insights, we believe our differentiator is the trust clients place in our expertise. Our coverage spans a wide spectrum – from Automotive & Industry 4.0 to Healthcare & Retail – and is extensive, but we make sure to analyze even the most niche categories. Our sales offices in the USA and Dublin, Ireland. Headquarters in Dubai, United Arab Emirates. Contact us with your goals and we are a competent research partner.

Contact:
Mahendra Singh
US sales office:
11140 Rockville Pike
suite 400
Rockville, MD 20852
Email: sales@factmr.com
Tel: +1 (628) 251-1583
Follow us: LinkedIn | Twitter

Leave a Comment