NAICS Code 522292-01 - Mortgage Amortization Schedules

Marketing Level - NAICS 8-Digit

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  • Industry Codes (Primary and Secondary SIC & NAICS Codes)
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  • Employee Count
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Looking for more companies? See NAICS 522292 - Real Estate Credit - 32,441 companies, 126,919 emails.

NAICS Code 522292-01 Description (8-Digit)

Mortgage Amortization Schedules is a subdivision of the Real Estate Credit industry that involves the creation and management of schedules that outline the repayment of mortgage loans. These schedules are used to calculate the amount of each payment, the portion of each payment that goes towards interest and principal, and the remaining balance of the loan after each payment. Mortgage Amortization Schedules are an essential tool for both lenders and borrowers, as they provide a clear understanding of the repayment process and help to ensure that payments are made on time.

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 522292 page

Tools

Tools commonly used in the Mortgage Amortization Schedules industry for day-to-day tasks and operations.

  • Mortgage Calculator Software
  • Spreadsheet Software (e.g. Microsoft Excel, Google Sheets)
  • Loan Servicing Software
  • Payment Processing Software
  • Accounting Software
  • Financial Analysis Software
  • Loan Origination Software
  • Document Management Software
  • Customer Relationship Management (CRM) Software
  • Electronic Signature Software

Industry Examples of Mortgage Amortization Schedules

Common products and services typical of NAICS Code 522292-01, illustrating the main business activities and contributions to the market.

  • Mortgage Lenders
  • Banks
  • Credit Unions
  • Mortgage Brokers
  • Loan Servicing Companies
  • Real Estate Investment Trusts (REITs)
  • Insurance Companies
  • Pension Funds
  • Hedge Funds
  • Private Equity Firms

History

A concise historical narrative of NAICS Code 522292-01 covering global milestones and recent developments within the United States.

  • The history of the Mortgage Amortization Schedules industry dates back to the early 20th century when the first mortgage loan was issued in the United States. The concept of amortization schedules was introduced in the 1930s when the Federal Housing Administration (FHA) was established to provide mortgage insurance to lenders. The use of computers in the 1960s revolutionized the industry, making it easier to calculate and manage mortgage payments. In recent years, the industry has seen advancements in technology, with the development of mobile apps and online tools that allow borrowers to calculate their mortgage payments and create amortization schedules. In the United States, the Mortgage Amortization Schedules industry has seen significant growth in recent years, driven by low-interest rates and a strong housing market. The industry has also benefited from advancements in technology, with the development of online tools and mobile apps that make it easier for borrowers to manage their mortgage payments. In 2020, the COVID-19 pandemic had a significant impact on the industry, with many borrowers seeking forbearance on their mortgage payments. Despite this, the industry has remained resilient, and experts predict that it will continue to grow in the coming years.