Mortgage Brokerage Services Industry Report 2024-2033,

Dublin, Jan. 06, 2025 (GLOBE NEWSWIRE) — The “Mortgage Brokerage Services Market Report 2024” report has been added to ResearchAndMarkets.com’s offering.

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This Mortgage Brokerage Services market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The mortgage brokerage services market size has grown rapidly in recent years. It will grow from $93.09 billion in 2023 to $102.55 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to interest rate fluctuations, housing market trends, regulatory changes, economic expansion, and shifts in consumer demand.

The mortgage brokerage services market size is expected to see rapid growth in the next few years. It will grow to $151.6 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to rising housing demand, increasing urbanization, low-interest rates, government incentives, and growing disposable income. Major trends expected during this period include AI-driven mortgage processing, the use of blockchain for secure transactions, automated underwriting systems, virtual property tours, and advanced data analytics for customer insights.

The increasing demand for personalized financial guidance is expected to drive growth in the mortgage brokerage services market. Personalized financial guidance involves creating financial strategies and solutions tailored to an individual’s specific financial needs and goals. The rise in personalized financial guidance is influenced by various factors, including interest rates, inflation, economic growth, market complexity, and technological advancements.

Mortgage brokerage services serve as intermediaries between borrowers and lenders, offering customized advice based on personal financial situations and long-term objectives. For example, the U.S. Bureau of Labor Statistics reported in April 2024 that employment for personal financial advisors is projected to grow by 13%, from 327,600 in 2022 to 42,000 by 2032, which is significantly faster than the average growth rate for all occupations. Thus, the increasing demand for personalized financial guidance is fueling the growth of the mortgage brokerage services market.

Leading companies in the mortgage brokerage services market are developing innovative offerings, such as brokerage as a service (BAAS), to enhance their services and meet evolving market needs. Brokerage as a service (BAAS) is a modern solution that allows businesses, particularly in the financial sector, to outsource their brokerage operations. This model provides companies with access to a third-party provider’s infrastructure and technology, enabling them to offer brokerage services without managing their own brokerage systems.

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In April 2023, RESAAS Services Inc., a Canada-based network of real estate professionals, teamed up with Rocket Mortgage Canada to improve the real estate transaction process. This partnership provides real estate agents with access to a streamlined mortgage process, allowing them to quickly pre-qualify clients for optimal mortgage products and competitive rates, thus enhancing the value they offer. Rocket Mortgage Canada is a provider of mortgage brokerage services based in Canada.

North America was the largest region in the mortgage brokerage services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mortgage brokerage services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the mortgage brokerage services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Mortgage Brokerage Services Competitive Landscape and Company Profiles: Overview, Products and Services, Strategy, Financial Performance

• JPMorgan Chase & Co
• Federal National Mortgage Association
• Wells Fargo Bank N.a.
• Fairway Independent Mortgage Corporation
• Rocket Mortgage

Other Major and Innovative Mortgage Brokerage Services Companies

• Homebridge Financial Services Inc
• Mr. Cooper Group Inc
• PennyMac Financial Services Inc
• Guild Mortgage Company
• Caliber Home Loans Inc
• Movement Mortgage LLC
• American Pacific Mortgage Corporation
• LendingTree Inc
• PrimeLending a PlainsCapital Company
• Loan Factory Inc
• Union Home Mortgage Corp
• CitiMortgage Inc
• Morty Inc
• a-M-S Mortgage Services Inc
• Counsel Mortgage Group LLC

Key Attributes:

Report Attribute	Details
No. of Pages	175
Forecast Period	2024 – 2028
Estimated Market Value (USD) in 2024	$102.55 Billion
Forecasted Market Value (USD) by 2028	$151.6 Billion
Compound Annual Growth Rate	10.3%
Regions Covered	Global

Key Topics Covered:

1. Executive Summary

2. Mortgage Brokerage Services Market Characteristics

3. Mortgage Brokerage Services Market Trends and Strategies

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4. Mortgage Brokerage Services Market – Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market

5. Global Mortgage Brokerage Services Market Size and Growth
5.1. Global Mortgage Brokerage Services Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Mortgage Brokerage Services Historic Market Size and Growth, 2018 – 2023, Value ($ Billion)
5.3. Global Mortgage Brokerage Services Forecast Market Size and Growth, 2023 – 2028, 2033F, Value ($ Billion)

6. Mortgage Brokerage Services Market Segmentation
6.1. Global Mortgage Brokerage Services Market, Segmentation by Interest Rate, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

6.2. Global Mortgage Brokerage Services Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

6.3. Global Mortgage Brokerage Services Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

• Residential Property Loans
• Commercial Property Loans

6.4. Global Mortgage Brokerage Services Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7. Mortgage Brokerage Services Market Regional and Country Analysis
7.1. Global Mortgage Brokerage Services Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Mortgage Brokerage Services Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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• Mortgage Brokerage Services Market Report 2024