NAICS Code 522180-01 - Savings & Loan Assns-Representatives

Marketing Level - NAICS 8-Digit

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Looking for more companies? See NAICS 522180 - Savings Institutions and Other Depository Credit Intermediation - 335 companies, 1,018 emails.

NAICS Code 522180-01 Description (8-Digit)

Savings & Loan Assns-Representatives is a subdivision of the NAICS Code 522180 that involves companies that act as agents or brokers for savings and loan associations. These representatives facilitate the process of obtaining loans and other financial services from savings and loan associations for their clients. They provide advice and guidance to clients on the best savings and loan products that suit their financial needs. Savings & Loan Assns-Representatives also assist clients in filling out loan applications and other necessary paperwork.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 522180 page

Tools

Tools commonly used in the Savings & Loan Assns-Representatives industry for day-to-day tasks and operations.

  • Loan origination software
  • Customer relationship management (CRM) software
  • Financial calculators
  • Electronic signature software
  • Document management software
  • Credit analysis software
  • Loan servicing software
  • Accounting software
  • Compliance management software
  • Data analytics software

Industry Examples of Savings & Loan Assns-Representatives

Common products and services typical of NAICS Code 522180-01, illustrating the main business activities and contributions to the market.

  • Mortgage brokers
  • Financial advisors
  • Loan officers
  • Loan consultants
  • Loan brokers
  • Loan processors
  • Loan underwriters
  • Loan closers
  • Loan originators
  • Loan coordinators

History

A concise historical narrative of NAICS Code 522180-01 covering global milestones and recent developments within the United States.

  • The Savings & Loan Assns-Representatives industry has a long history dating back to the 19th century when savings and loan associations were first established in the United States. These associations were created to provide a safe place for people to save their money and to offer affordable loans to members of the community. In the 20th century, the industry experienced significant growth, with many new savings and loan associations being established across the country. However, in the 1980s, the industry faced a crisis due to risky lending practices and a lack of government oversight. Many savings and loan associations failed, leading to the creation of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. Since then, the industry has undergone significant changes, with many savings and loan associations merging or being acquired by larger financial institutions. In recent years, the Savings & Loan Assns-Representatives industry in the United States has faced new challenges due to changing consumer preferences and increased competition from online banks and other financial institutions. However, the industry has also seen new opportunities emerge, such as the growing demand for personalized financial advice and the increasing popularity of mobile banking. Overall, the industry has adapted to these changes and continues to play an important role in the US financial system.