Mortgage and Loans Software Market Report 2025

This Mortgage and Loans Software Market report delivers an in-depth analysis of the market’s key characteristics, including size, growth potential, and segmentation. It provides a detailed breakdown of the market across major regions and leading countries, highlighting historical data and future growth projections. The report also examines the competitive landscape, market share insights, emerging trends, and strategic developments shaping the market.

The mortgage and loans software market size has grown rapidly in recent years. It will grow from $16.08 billion in 2024 to $18.46 billion in 2025 at a compound annual growth rate (CAGR) of 14.8%. The growth during the historic period can be attributed to the rise in digital transformation, increased smartphone usage, the growth of online lending platforms, higher demand for customer-centric solutions, and the emergence of open banking.

The mortgage and loans software market size is expected to see rapid growth in the next few years. It will grow to $31.63 billion in 2029 at a compound annual growth rate (CAGR) of 14.4%. The growth during the forecast period can be attributed to the increasing demand for automated loan processing, greater digitization and automation, rising internet penetration, higher consumer expectations, and the growing adoption of digital tools. Key trends expected during this period include integration with financial technology (fintech) platforms, enhanced automation for quicker loan processing, improved fraud prevention tools, cloud adoption, and ongoing digital transformation.

The growth of mobile banking is expected to drive the expansion of the mortgage and loans software market. Mobile banking is a digital service that allows users to perform financial transactions via their smartphones. The increasing popularity of mobile banking is due to factors such as the widespread use of smartphones, improved internet access, a shift in consumer preference towards digital financial services, and advancements in secure mobile payment technologies. Mortgage and loan software supports mobile banking by allowing users to easily apply for loans, track repayments, calculate EMIs, and manage mortgages, thereby improving engagement and financial accessibility. For example, a report by UK Finance Limited published in July 2024 revealed that in 2023, 42% of adults were registered for mobile payments, up from 30% in 2022. Additionally, 34% of the population used mobile payments on a monthly basis. As a result, the growth of mobile banking is fueling the demand for mortgage and loan software.

Companies in the mortgage and loans software market are increasingly focusing on developing innovative solutions, such as voice-based AI loan assistants, to enhance customer experiences, simplify loan origination, and provide personalized services. These AI-powered assistants use voice recognition and natural language processing (NLP) to assist customers in applying for, managing, and inquiring about loans through voice interactions. Integrated into banking apps, call centers, or smart devices, these assistants can provide information on loan eligibility, interest rates, and repayment schedules. For instance, in October 2024, Better Home & Finance Holding Company, a US-based financial services provider, introduced Betsy, the first voice-based AI loan assistant for the US mortgage market. Betsy automates routine tasks, offers real-time customer support, and streamlines the mortgage process, improving efficiency, reducing costs, and enhancing the overall customer experience. This innovation allows loan officers to focus on more complex tasks, such as discussing interest rates and other licensed activities, thereby streamlining the entire mortgage process.

In November 2022, MeridianLink Inc., a US-based company specializing in cloud-based digital lending and account opening solutions, acquired OpenClose Inc. for an undisclosed amount. This acquisition aims to enhance MeridianLink's digital lending capabilities and streamline mortgage processes. OpenClose Inc. is a US-based fintech company known for its mortgage loan origination software.

Major players in the mortgage and loans software market are Fiserv Inc., First American Financial Corporation, Wolters Kluwer Financial Services Inc., Finastra Inc., Black Knight Inc., The Mortgage Office Inc., Blend Inc., PathSoftware Inc., Provenir Inc., MortgageCadence LLC, Financial Industry Computer Systems Inc., TruHome Solutions LLC, Turnkey Lender Inc., Calyx Software Inc., SimpleNexus LLC, LoanLogics Inc., LoanPro Inc., LendingQB LLC, Better Mortgage Corporation, Ellie Mae Inc.

North America was the largest region in the mortgage and loans software market in 2024. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the mortgage and loans software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Mortgage and loan software refers to specialized tools designed to simplify and automate the process of managing and processing mortgage and loan applications. This software is widely used by various professionals and institutions involved in the lending process, such as banks, mortgage lenders, loan officers, underwriters, and servicing agents.

The main types of mortgage and loan software include loan origination software, loan servicing software, loan management software, compliance management software, and other related tools. Loan origination software (LOS) automates the entire process of loan application, approval, and funding, improving efficiency in loan origination and decision-making. These solutions can be deployed either on-premises or via cloud-based platforms. The software is used in a range of applications, such as residential mortgages, commercial mortgages, consumer loans, and more. Key end users include banks, credit unions, mortgage lenders, non-banking financial institutions, and others.

The mortgage and loans software market research report is one of a series of new reports that provides mortgage and loans software market statistics, including the mortgage and loans software industry global market size, regional shares, competitors with the mortgage and loans software market share, detailed mortgage and loans software market segments, market trends, and opportunities, and any further data you may need to thrive in the mortgage and loans software industry. This mortgage and loans software 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 and loans software market consists of revenues earned by entities by providing services such as software selection consulting, testing and quality assurance, system updates and upgrades, business process consulting, and digital transformation consulting. The market value includes the value of related goods sold by the service provider or included within the service offering. The mortgage and loans software market also includes sales of residential loan origination tools, auto loan servicing tools and digital mortgage lending tools. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

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.

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