Loan Brokers in the US - Industry Market Research Report

The Loan Brokers industry grew significantly over the five years to 2023 as interest rates hit record lows and consumer confidence soared. Interest rates have remained artificially low since the 2008 global financial crisis. Low interest rates offered in the period and increased consumer spending spurred demand for mortgage and nonmortgage loan brokerage services, resulting in a 33. 8% revenue increase in 2020 alone. But rising interest rates have significantly reduced loan originations, reducing revenue. Also, the industry continues to contend with educated consumers attracted to the easy lending processes popularized by online lenders.

Overall, Loan Brokers revenue is set to increase at a CAGR of 13. 6% to $23. 7 billion over the five years to 2023. In 2023, revenue is expected to increase 3. 1% as aggressive interest rate hikes curb demand for mortgages. This industry is composed of operators that arrange loans, especially mortgages, by bringing borrowers and lenders together on a commission or fee basis. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.