Over the past five years, the Loan Administration, Check Cashing and Other Services industry has rebounded strongly from the recession, during which its reliance on the housing market hampered revenue and spurred consolidation among major players. Lower interest rates, increasing housing starts and rising home prices underpinned this recovery, as much of the industry's revenue is derived from fees associated with servicing mortgages. Conversely, new government regulations, declining housing starts and rising interest rates over the next five years will stunt the growth. The industry is still expected to expand through 2019, but is anticipated to grow at a far slower rate than in the previous five years.
The Loan Administration, Check Cashing and Other Services industry services loans, most notably mortgages. This industry does not originate loans, which includes legally arranging and issuing the loan. Servicing loans includes performing all of the administrative aspects of managing a debt portfolio. Operators also perform money transmission services, which include selling and cashing traveler's checks, money orders and cashier's checks, as well as renting safe-deposit boxes.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.