Loan Administration, Check Cashing & Other Services in the US - Market Research Report (2014-2029)

Cashed check: A decline in housing starts is expected to limit industry growth over the next five years

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.

The Loan Administration, Check Cashing and Other Services industry is highly dependent on the health of the housing market and throughout the current period its continued expansion amid low interest rates and increasing per capita disposable income created demand for industry operators. The servicing operations of the big banks have been increasingly replaced by regional bank servicers as well as nonbanks. Revenue from miscellaneous services within this industry, such as check cashing and money orders, experience competition from online money transfer services.

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.