Overview

You're approved: The increasing number of services conducted online will benefit the industry

IBISWorld’s Online Mortgage Brokers market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Lenders continue to bypass mortgage brokers during the origination process
  • Large banks announced their intention to bypass brokers in mortgage origination
  • Forecast growth in mortgage originations is primarily reliant on an increase in housing starts

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    Industry Analysis & Industry Trends

    The Online Mortgage Brokers industry is expected to have increased over the five years to 2017. As more services are conducted online, more consumers will use online resources to broker mortgages. However, over the next five years, growth will be subdued as bankers continue to bypass mortgage brokers...

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    Industry Report - Industry Locations Chapter

    West

    In 2017, the West region is anticipated to account for 35.0% of total industry establishments, the largest share of any region. While California dominates the region's share of establishments, representing 28.7% of the industry's total, the state was severely damaged by the housing crisis and subsequent recession. According to USA Today, one out of every 156 homes in California was in foreclosure in October 2009, making the state the second worst impacted in the nation. Consequently, a large portion of operators in the region were forced to exit the industry following the subprime mortgage crisis.

    Southeast

    In 2017, the Southeast region is expected to account for 18.9% of total industry establishments, the second largest share of any region. Sim..

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    Additional Insights for the Online Mortgage Brokers Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Online Mortgage Brokers Industry are

  • Aggressive marketing and advertising
  • Having contacts with key markets
  • Having a good reputation
  • IBISWorld analysts also discuss how external factors such as Housing starts and year conventional mortgage rate in the Online Mortgage Brokers industry impact industry performance..

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    Industry Products

    What is the Online Mortgage Brokers Industry?

    This industry includes firms that originate home mortgage loans online, firms that broker home mortgages online and firms that provide online mortgage marketplaces. It excludes banking institutions that originate home mortgages through online channels, but does include revenue from brokers that earn commissions on online home mortgages originated by banking institutions.

    Industry Products
    Residential mortgages
    Refinancing
    Home equity loans
    Industry Activities
    Brokering residential mortgages online
    Brokering mortgage refinances online
    Brokering home equity loans online
    Providing an online mortgage marketplace

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Housing starts
  • year conventional mortgage rate
  • Percentage of services conducted online
  • House price index
  • External competition

  • Current Performance
  • Origination and refinancing trends
  • Brokers bypassed
  • Concentration escalates
  • Chart: Revenue Growth

  • Industry Outlook
  • Housing market outlook
  • Online share contrasts brokers’ share
  • Patent lawsuit, competition and participation
  • Table: Online Mortgage Brokers Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Online Mortgage Brokers Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Commercial Banking
  • Savings Banks & Thrifts
  • Consumers

  • Key Selling Industries
  • Commercial Banking
  • IT Consulting
  • Savings Banks & Thrifts

  • Products & Services
  • Residential mortgages
  • Refinancing
  • Home equity loans
  • Chart: Online Mortgage Brokers Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 26 to 40
  • Consumers aged 41 to 55
  • Consumers aged 56 to 65
  • Consumers aged 66 and older
  • Consumers aged 18 to 25
  • Chart: Major Market Segmentation for the Online Mortgage Brokers Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Marketing
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Online Mortgage Brokers

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Online Mortgage Brokers Industry

  • Industry Globalization
    Major Companies
    LendingTree LLCZillow
  • Table: LendingTree LLC - financial performance
  • Table: Zillow - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Online Mortgage Brokers Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Online Mortgage Brokers Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Housing Starts (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Mortgage Brokers
  • Intermediaries between lenders and borrowers that facilitate a mortgage transaction on a commission fee basis.
  • Mortgage Lenders
  • Provide funds to borrowers in exchange for an agreement to pay back the original mortgage loan principal with interest.
  • Mortgage Origination
  • The process of creating a mortgage, where a borrower submits financial information and a lender determines the borrower's eligibility and the characteristics of the loan.
  • Refinancing
  • The replacement of an existing debt obligation with a debt obligation under different terms. This also includes cash-out refinancing loans.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Online Mortgage Brokers:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Online Mortgage Brokers market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Online Mortgage Brokers, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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