$26.6bn
$X.Xbn
97,897
20,780
$XX.Xbn
US loan brokers enjoyed significant revenue growth through much of the five years to 2024 as interest rates hit record lows in the early years 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 surge in revenue of 33.8% in 2020 alone. These interest rates have steadily risen after the pandemic, bringing back a compressed lending environment in the latter half of the period. Loan brokers also continue to contend with educated consumers attracted to the easy lending processes popularized by online lenders. Overall, industry revenue is set to increase at a CAGR of 12.5% to $26.6 billion over the five years to 2024. In 2024, revenue will increase by 2.1% as aggressive interest rate hikes curb mortgage demand.
Industry revenue has grown at a CAGR of 12.5 % over the past five years, to reach an estimated $26.6bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Lendingtree Inc. | 1,018.5 | -7.9 | -0.8 |
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Industry revenue is measured across several distinct product and services lines, including Residential mortgages for single family residences, Commercial and industrial mortgages and Residential mortgages for multifamily residences . Residential mortgages for single family residences is the largest segment of the Loan Brokers in the US.
Residential loan originations tempered by higher interest rates
This industry comprises brokers who arrange loans, especially mortgages, by bringing borrowers and lenders together on a commission or fee basis. Since loan brokers generate revenue through commission or on a fee basis, the increase in loan originations contributed to revenue generation and profit.
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NAICS 52231 - Loan Brokers in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Rising interest rates are reducing loan originations as consumers and businesses dodge the high cost of borrowing. Stiff competition with online brokerage firms drives demand...
Learn about an industry's products and services, markets and trends in international trade.
Residential mortgages are the largest product for loan brokers. Prospective homebuyers use loan brokers to shop for the best interest rates.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Regions with heavily populated cities have a higher demand for loan brokers. Prospective homebuyers seek out brokers to assist in the homebuying process, necessary in a compe...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Consumers’ need for local knowledge keeps market share concentration low. Loan brokers rely on connections with top realtors and lenders to remain competitive.
Learn about the performance of the top companies in the industry.
Loan brokers gain success through partnering with lenders and real estate vendors. This partnership helps them offer competitive prices and quality service. Brokers experienc...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Buyers select loan brokers based on local knowledge and product offerings. Price is a key consideration. Experience and quality of service are also deciding factors.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Knowledgeable employees carry a high price tag, putting pressure on brokers to retain their employees. Technically skilled employees can assist in revenue generation as consu...
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Loan Brokers in the US industry in United States is $26.6bn in 2024.
There are 20,780 businesses in the Loan Brokers in the US industry in United States, which has grown at a CAGR of 10.3 % between 2019 and 2024.
The market size of the Loan Brokers in the US industry in United States has been growing at a CAGR of 12.5 % between 2019 and 2024.
Over the next five years, the Loan Brokers in the US industry in United States is expected to grow.
The biggest company operating in the Loan Brokers market in United States is Lendingtree Inc.
Brokering residential mortgages and Brokering commercial and industrial mortgages are part of the Loan Brokers in the US industry.
The company holding the most market share in United States is Lendingtree Inc..
The level of competition is high and increasing in the Loan Brokers in the US industry in United States.