Market Size of Global Mortgage/Loan Brokers Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 15.00 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players_-_Copy.webp)
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Mortgage/Loan Brokers Market Analysis
The Mortgage/Loans Broker Market is valued at USD 260 billion in the current year and is expected to grow at a CAGR of 15% in the forecasted period.
A mortgage/loan broker is a specialist who serves as a point of contact between lenders who authorize loans and companies looking to borrow money. Brokers search for the finest financial rates and terms whether their customer wants to fund a loan or launch a new business. They bargain with lenders to secure loan approval or look into other options. A bank loan officer offers mortgage rates and programs from just one company. In contrast, a mortgage broker works on behalf of a borrower to locate the best lending programs and/or lowest rates offered by several lenders.
The Covid-19 epidemic had a detrimental effect on the expansion of the global loan brokers' business since fewer consumers were seeking loans during the COVID era, which caused many loan brokers to suffer significant losses. The impact of the COVID-19 epidemic explores how governments and major institutions are handling the issue and recuperating, as well as the immediate repercussions and ongoing difficulties lenders are facing. Institutions' actions can be categorized into one of three broad categories: preparing for recovery, controlling and stabilizing business risk, and responding to volume influxes.
