Mortgage Lender Global Market Report 2024

The mortgage lender market size has grown rapidly in recent years. It will grow from $1024.5 billion in 2023 to $1158.58 billion in 2024 at a compound annual growth rate (CAGR) of 13.1%. The growth observed in the historical period can be attributed to elevated interest rates, heightened costs of living, increased per capita income, population growth, and the tightening of credit markets.

The mortgage lender market size is expected to see rapid growth in the next few years. It will grow to $1809.66 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The anticipated growth in the forecast period can be attributed to rising inflation, elevated mortgage rates and impairments, government regulations and initiatives, and an increase in disposable income. Key trends expected in the forecast period include the adoption of innovative solutions, technological advancements, strategic collaborations, the uptake of mortgage processing and workflow software, and a focus on green loans and sustainability.

The growth of the mortgage lender market is expected to be propelled by the increasing demand for housing in the foreseeable future. Housing, denoting the portion of a building utilized for residential or commercial purposes, benefits from mortgage lenders that provide borrowers with capital, flexible payment options, long-term financing, low-interest rates, and guidance throughout the home purchase process. As of June 2023, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported that sales of new single-family dwellings reached a seasonally adjusted annual rate of 763,000 in May 2023, marking a 12.2% increase from the adjusted April rate of 680,000 and a 20.0% rise from the May 2022 estimate of 636,000. Consequently, the heightened demand for housing is a driving force behind the mortgage lender market.

The anticipated growth of the mortgage lender market is also expected to be fueled by the increasing Gross Domestic Product (GDP). Serving as a crucial economic indicator, GDP represents the total monetary value of finished goods and services produced within a country's borders over a specific period. The mortgage lender market contributes to GDP growth by facilitating real estate transactions, boosting consumer spending, and supporting the financial services sector. As of December 2023, the UK's Office for National Statistics reported a 0.6% increase in GDP for Q3 2023 compared to the same quarter the previous year, with a 0.1% rise in construction and production remaining stable. Therefore, the growing GDP is a driving factor for the mortgage lender market.

A notable trend gaining popularity in the mortgage lender market is the integration of technological advancements. Major companies within the market are adopting new technologies to maintain their competitive positions. In September 2022, Constellation Mortgage Solutions Inc., a U.S.-based provider of business mortgage loan origination and software services, introduced NOVA, a dynamic mortgage loan origination system (LOS). This system combines an end-to-end business solution with a cloud platform, a dynamic user interface, and other features, enhancing efficiency and productivity through automation and a user-friendly interface.

The mortgage lender market is witnessing a strategic partnership approach among major companies to deliver reliable services to customers. Strategic partnerships involve companies leveraging each other's strengths and resources for mutual benefits and success. For instance, in July 2023, Oper Credits, a Belgium-based mortgage platform, collaborated with GFT Technologies SE, a Germany-based digital transformation pioneer, to digitize mortgages in Europe. This strategic partnership aims to enhance customer experiences, streamline and automate processes for faster decisions, and increase overall efficiency in the mortgage ecosystem.

In April 2023, SoFi Technologies Inc., a U.S.-based financial services provider, acquired Wyndham Capital Mortgage Inc. for an undisclosed amount. Through this acquisition, SoFi Technologies Inc. seeks to broaden its range of mortgage products available to members, improve unit economics, and take control of an innovative and scalable platform that has set the industry standard for a fully digital mortgage experience. Wyndham Capital Mortgage Inc. is a U.S.-based fintech mortgage lender company offering home loans, purchase loans, refinance loans, and digital home lender services.

Major companies operating in the mortgage lender market report are Santander Bank N.A., Wells Fargo & Company, Citibank N.A., U.S. Bank N.A., Bank of America Corporation, Ally Financial Inc., BNP Paribas Fortis, Navy Federal Credit Union, Rocket Mortgage LLC, Guild Mortgage Company, United Wholesale Mortgage LLC, PennyMac Financial Services Inc., Finance of America Mortgage LLC, Flagstar Bank NA, Freedom Mortgage Corporation, Caliber Home Loans Inc., Loan Depot LLC, Texas Capital Bank N.A., AmeriFirst Financial Corporation, Primary Residential Mortgage Inc., AmeriHome Mortgage Company, Stearns Lending LLC, RoundPoint Mortgage Servicing Corporation, Fairway Independent Mortgage Corporation, Guaranteed Rate Inc., Carrington Mortgage Services, Homebridge Financial Services Inc., CrossCountry Mortgage LLC.

North America was the largest region in the mortgage lender market in 2023. The regions covered in the mortgage lender market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the mortgage lender market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The primary types of mortgage lenders are residential and commercial. Residential pertains to properties or areas predominantly designated for housing or living. Providers in this category include banks, credit unions, and mortgage brokers, offering a range of mortgage rates such as fixed-rate and adjustable-rate, as well as varying repayment periods spanning short-term and long-term. These mortgage products find applications in various scenarios, including the acquisition of new houses and second-hand houses.

The mortgage lender market research report is one of a series of new reports that provides mortgage lender statistics, including mortgage lender industry global market size, regional shares, competitors with a mortgage lender market share, detailed mortgage lender market segments, market trends, and opportunities, and any further data you may need to thrive in the mortgage lender industry. This mortgage lender market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The mortgage lender market consists of revenues earned by entities by providing loan servicing, mortgage refinancing, home equity loans, and lines of credit. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).


The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.