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Loans origination and processing in US retail bankingProduct Type: Market Research ReportPublished by: Datamonitor Published: May 2004 Product Code: R313-6678 Description IntroductionThis report examines the key recent developments in US retail banking loans origination and servicing. Looking specifically at consumer loans and mortgages, the report looks at key drivers for renewed investment in this space as well as key success factors for vendors. It provides the latest forecasts for spending on loans origination and servicing solutions. Scope The report looks at both origination and servicing technology for consumer loans and mortgages in the US market. The report discusses a range of different technology implications, incl. for branch renewal, process transformation and document imaging. Highlights Increased competitive pressures, tightening margins and the decline of traditional growth engines have combined to increased the focus of banks on transforming core loans processes. This is translating into a key opportunity for vendors in the loans origination and servicing space, with spending expected to top $3.6bn by 2006. Datamonitor believes that banks are moving away from point solutions for particular elements of their loans processes. Instead, they are looking to achieve an end-to-end loans architecture. Reasons to Purchase The report provides in-depth research into key business and technology drivers for loans technology spending and vendor competitive positioning. The report provides the latest spending forecasts for loans technology, split down between servicing and origination and by source. Table of Contents TABLE OF CONTENTSCHAPTER 1 EXECUTIVE SUMMARY 3 Introduction 3 Market context 3 The technology challenge 4 The future decoded 6 Key take-outs 7 CHAPTER 2 INTRODUCTION 14 What is this report about? 14 How to use this report 14 CHAPTER 3 MARKET CONTEXT 15 Background - industry structure and recent developments 15 Mortgage banking in the US context 16 What future for variable rate mortgages? 19 The loans process 20 CHAPTER 4 BUSINESS CONTEXT 22 Introduction 22 Key findings 22 Business drivers for loans origination and process investments 23 The technology challenge 27 The next-generation loans process - a target end-to-end framework 29 Areas of investments - a phased approach to loans process efficiency 32 Origination systems consolidation, followed by standardization, will lead the way 32 A scalable servicing platform is key to maximizing operational efficiency 34 Oppprtunities for outsourcing in loans 35 CHAPTER 5 MARKET OPPORTUNITY 38 Key findings 38 Reflecting its growing importance, spending on loans technology is set to grow at a CAGR of 3.6% between 2003 and 2006 39 Origination spending will see the strongest growth to 2006, driven by external spending 41 Services will provide the main driver for further servicing investments, reflecting banks’ efforts to streamline processes 43 CHAPTER 6 VENDOR DYNAMICS 45 Key findings 45 The loans offering value chain 45 Vendor success factors 46 Vendor offerings 48 The ISV market remains highly fragmented, but is likely to consolidate 49 Services providers must combine technology and domain expertise 52 Key take-outs 56 CHAPTER 7 APPENDIX 57 Future readings 57 SPP writing team 58 |
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