Research and Markets


Printer Friendly

Printed from http://www.researchandmarkets.com/reports/367699


Mortgage Processing Outsourcing: Feasibility for the UK Market


Description: Mortgage processing outsourcing (MPO) can be a valuable asset to UK lenders as more look to cut costs in an ever more competitive market. Yet MPO has not yet been taken up by the majority of mainstream lenders. What are the advantages and disadvantages MPO offers to lenders? To what size will the market grow?

Scope of this title:
- Sizes the UK mortgage processing outsourcing market and forecasts its growth to 2008.
- Provides insight into how the UK MPO market is changing.
- Gives insight into the benefits and drawbacks of MPO for lenders.
- Incorporates primary interviews from industry experts and secondary data from a wide range of sources.

Highlights of this title:
- While starting from a small base, the UK MPO market has continued to grow. In 2006, we estimate that it will have grown at an average annual rate of 8.4 per cent since 2002, showing its potential.
- MPO firms need to regain the trust of mainstream lenders. Indeed, the market was given a heavy blow by Barclays Banks pull-out with Countrywide as well as the earlier break-up between Alltel and Bradford & Bingley.
- An increasing number of investment banks and smaller lenders are using the services of MPO firms in the sub-prime mortgage market. These firms provide a ready-made infrastructure and a variable cost base for lenders. Recent deals in the sub-prime market include db mortgages with Vertex and Mortgages plc with Home Loan Management (HML).

Reasons to order your copy:
- In-depth analysis of where the MPO market is headed and the extent to which UK lenders will be involved.
- Evaluate any opportunities or disadvantages that MPO poses to your business.
- Understand how the market is changing through our forecast of the UK MPO market to 2008.


Contents: OUR VIEW 1
CATALYST 1
SUMMARY 1
METHODOLOGY 1
ANALYSIS 2
Mortgage processing outsourcing is a growing industry in the UK 2
Mortgage processing outsourcing involves a variety of functions 2
There are a number of well-known and established MPO firms in the UK 4
There are a number of advantages that lenders can garner by outsourcing one or more of these processes 5
In 2006, mortgage processing outsourcing amounted to $218.8 million 5
Such growth is unsurprising as falling margins in the UK mortgage market has meant that MPO can serve as a key competitive differentiator for lenders 6
Yet, mortgage processing outsourcing remains a niche sector in the UK 7
A few lenders are active in this sector, however, it has not taken off substantially in the mainstream 7
Many more have stayed away because of the disadvantages associated with MPO 8
As a result, most MPO is done at the back-end of the business 9
Moreover, the FSA is going to investigate overseas outsourcing, which does not help MPOs reputation 9
But could this change in the future? 10
A competitive MPO market is developing in the UK 10
In particular, investment banks and those in the sub-prime sector have been increasingly using outsourcing 10
Will those in the sub-prime sector bring their culture to the UK mainstream market? 11
While future expansion is likely, the sector will remain a niche market in the short-term 11
Some areas of MPO will see more custom than others 12
APPENDIX 13
Definitions 13
Mortgage processing outsourcing 13
Further reading 13
European mortgage reports 13
UK mortgage reports 13
UK mortgage briefings 14
Forthcoming mortgage briefings 14
UK Mortgage Market Map 2006 15
Key Features 16
For further information 17
Relevant links 17
Our custom research capabilities 18
Ask the analyst
List of Tables
Table 1: Different areas of MPO will see different rates of growth over the next few years, 2006
List of Figures
Figure 1: There are five different stages of mortgage processing that can be outsourced, 2006 3
Figure 2: The UK mortgage processing outsourcing market has grown consistently over the last five years, 2002-2006 6
Figure 3: Mortgage processing will continue to grow gradually, 2006-2008f 11
Figure 4: The UK Mortgage Market Map 2006 covers a wide range of mortgage sectors 15
Figure 5: Taxonomy of UK Mortgage Market Map 2006 16
Figure 6: Our core consulting capabilities 19





Ordering: Order Online - visit http://www.researchandmarkets.com/reports/367699

Order by Fax - using the order form below

Order By Post - print the order form below and send to

Research and Markets,
Guinness Centre,
Taylors Lane,
Dublin 8,
Ireland.


Research and Markets Page 1 of 2
Printed 27/11/2009 18:38:06
Fax Order Form
To place an order via fax simply print this form, fill in the information below and fax the completed form to
646-607-1907 (from USA) or +353 1 6849977 (from Rest of World). If you have any questions please email help@researchandmarkets.net

Order information
Please verify that the product information is correct and select the format you require.
Product Name:
Mortgage Processing Outsourcing: Feasibility for the UK Market
Web Address:
http://www.researchandmarkets.com/reports/367699
Office Code:
OC8HJNPOUMUXU

Report formats
Please enter the quantity of the report format you require.

Format Quantity Price
Electronic - Single User €1,138.00



Contact information
Please enter all the information below in BLOCK CAPITALS.

First Name:   Last Name:  
Email Address:
Job Title:
Organisation:
Address:
City:
Postal/Zip Code:
Country:
Phone Number:
Fax Number:


Please fax this form to:
(646) 607-1907 or (646) 964-6609 (from USA)
+353-1-481-1716 or +353-1-653-1571 (from Rest of World)
Research and Markets Page 2 of 2
Printed 27/11/2009 18:38:06

Payment information

Please indicate the payment method you would like to use by selecting the appropriate box.

 Pay by Credit Card:
American Express
Diners Club
Master Card
Visa
Cardholder's Name:
Cardholder's Signature:
Expiry Date: /
Card Number:
CVV Security Code:
Issue Date: /   (Diners Club only)


 Pay by Check:
Please post the check, accompanied by this form, to:

Research and Markets,
Guinness Centre,
Taylors Lane,
Dublin 8,
Ireland.


 Pay by Wire Transfer:
Please transfer funds to:

Account number: 83313083
Sort code: 98-53-30
Swift code: ULSBIE2D
IBAN number: IE78ULSB98533083313083
Bank Address: Ulster Bank,
27-35 Main St,
Blackrock,
Co. Dublin,
Ireland.
If you have a Marketing Code please enter it below:
Marketing Code:


Please note that by ordering from Research and Markets you are agreeing to our Terms and Conditions at http://www.researchandmarkets.com/info/terms.asp

Please fax this form to:
(646) 607-1907 or (646) 964-6609 (from USA)
+353-1-481-1716 or +353-1-653-1571 (from Rest of World)