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

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...read more.

Industry Statistics & Market Size
Revenue
$356m
Annual Growth 12-17
6.1%
Forecast Growth 17-22
Profit
Employment
1,695
Businesses
499
Market Share of Companies
What Our Customers Say

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
  • Industry Report - Industry Analysis Chapter

    The Online Mortgage Brokers industry rebounded over the five years to 2017, as services conducted online increased. Industry operators primarily bring borrowers and lenders together on a commission or fee basis. As opposed to traditional loan brokers that operate brick-and-mortar establishments, industry operators solely provide this function online. The largest industry participants typically take the form of marketplace exchanges that connect consumers and lenders, while also providing a range of ancillary services to both of these markets.Despite the harrowing effects the recession had on this industry, a growing housing market and stronger economy has provided industry operators with substantial room for growth over the period. Inc...purchase to read more.

    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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    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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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

  • 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
    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
    LendingTree LLCZillow
  • Table: LendingTree LLC - financial performance
  • Table: Zillow - financial performance

  • 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
    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
    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’s industry research report on Online Mortgage Brokers contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

    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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