A recent report indicates that, driven by regulations, loan servicing technology is migrating to the cloud. One service provider seems to recently be dominating the market.

Research and Markets reported last month that the global loan servicing market is expected to grow at a compound annual growth rate of 14.19 percent from 2017 to 2021.

The report indicated that the global loan servicing software market is currently witnessing the emergence of software-as-a-service-based loan servicing technology.

Source: Mortgage Daily