Tools commonly used in the Housing-Loans & Development industry for day-to-day tasks and operations.

• Mortgage calculators
• Loan origination software
• Credit scoring models
• Property valuation tools
• Loan servicing software
• Risk management software
• Construction project management software
• Real estate investment analysis software
• Property management software
• Customer relationship management (CRM) software

Common products and services typical of NAICS Code 522299-11, illustrating the main business activities and contributions to the market.

• Home mortgages
• Construction loans
• Renovation loans
• Land development loans
• Real estate investment loans
• Affordable housing loans
• Condominium development loans
• Housing cooperative loans
• Manufactured housing loans
• Reverse mortgages

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• National Mortgage Licensing System (NMLS): The NMLS is a web-based platform that provides a centralized system for companies and individuals involved in the mortgage industry to apply for, amend, update or renew licenses. The NMLS is managed by the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR).
• Certified Mortgage Banker (CMB): The CMB designation is a professional certification awarded by the Mortgage Bankers Association (MBA) to mortgage bankers who have demonstrated a high level of expertise in the field. The certification requires a minimum of three years of experience in the industry, completion of a comprehensive exam, and adherence to a code of ethics.
• Certified Mortgage Planning Specialist (CMPS): The CMPS is a professional certification awarded by the CMPS Institute to mortgage professionals who have demonstrated a high level of expertise in the field of mortgage planning. The certification requires completion of a comprehensive course of study, passing an exam, and adherence to a code of ethics.
• Certified Residential Mortgage Specialist (CRMS): The CRMS is a professional certification awarded by the National Association of Mortgage Brokers (NAMB) to mortgage brokers who have demonstrated a high level of expertise in the field of residential mortgage lending. The certification requires completion of a comprehensive course of study, passing an exam, and adherence to a code of ethics.
• Certified Mortgage Servicer (CMS): The CMS is a professional certification awarded by the Mortgage Bankers Association (MBA) to mortgage servicing professionals who have demonstrated a high level of expertise in the field. The certification requires completion of a comprehensive course of study, passing an exam, and adherence to a code of ethics.

A concise historical narrative of NAICS Code 522299-11 covering global milestones and recent developments within the United States.

• The "Housing-Loans & Development" industry has a long history dating back to the early 20th century when the US government started providing loans to veterans to purchase homes. This led to the creation of the Federal Housing Administration (FHA) in 1934, which insured private lenders against losses on mortgage loans. In the 1950s, the US government introduced the concept of urban renewal, which aimed to revitalize urban areas by providing loans for the construction of new housing units. The 1970s saw the introduction of adjustable-rate mortgages (ARMs), which allowed borrowers to take advantage of lower interest rates. In recent years, the industry has been impacted by the 2008 financial crisis, which led to a tightening of lending standards and a decrease in the number of new housing units being built. In the United States, the "Housing-Loans & Development" industry has undergone significant changes in recent years. The 2008 financial crisis led to a tightening of lending standards, which made it more difficult for borrowers to obtain loans. The industry has also been impacted by the rise of online lending platforms, which have made it easier for borrowers to compare rates and apply for loans. In addition, the industry has seen an increase in the number of non-bank lenders, which has led to increased competition. Despite these challenges, the industry has remained resilient, and there are signs that it is starting to recover.

The anticipated future trajectory of the NAICS 522299-11 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The Housing-Loans & Development industry in the USA is expected to experience steady growth in the coming years. The industry is expected to benefit from the low-interest-rate environment, which is likely to continue in the near future. Additionally, the industry is expected to benefit from the increasing demand for housing, driven by population growth and urbanization. However, the industry may face challenges from rising interest rates, which could reduce demand for housing loans. Furthermore, the industry may face increased competition from alternative lenders, such as peer-to-peer lending platforms. Overall, the industry is expected to continue to grow, albeit at a slower pace than in recent years.

Recent groundbreaking advancements and milestones in the Housing-Loans & Development industry, reflecting notable innovations that have reshaped its landscape.

• Digital Mortgage Platforms: Digital mortgage platforms have emerged as a popular alternative to traditional mortgage lending. These platforms use technology to streamline the mortgage application process, making it faster and more convenient for borrowers. Some of the leading digital mortgage platforms in the USA include Better.com, Rocket Mortgage, and LoanDepot.
• Green Mortgages: Green mortgages are a new type of mortgage that incentivizes borrowers to invest in energy-efficient upgrades for their homes. These mortgages offer lower interest rates and other benefits to borrowers who make energy-efficient upgrades to their homes. Some of the leading providers of green mortgages in the USA include Fannie Mae and Freddie Mac.
• Shared Equity Mortgages: Shared equity mortgages are a new type of mortgage that allows borrowers to share the equity in their homes with investors. This allows borrowers to access capital without taking on additional debt. Some of the leading providers of shared equity mortgages in the USA include Unison and Point.
• Non-QM Mortgages: Non-QM mortgages are a new type of mortgage that is designed for borrowers who do not meet the strict underwriting standards of traditional mortgages. These mortgages are typically offered by alternative lenders and are designed to be more flexible than traditional mortgages. Some of the leading providers of non-QM mortgages in the USA include Angel Oak Mortgage Solutions and Citadel Servicing Corporation.
• Community Land Trusts: Community land trusts are a new type of organization that helps low-income families access affordable housing. These organizations acquire land and then lease it to homeowners at an affordable rate. This allows low-income families to own their homes without having to pay the high cost of land. Some of the leading community land trusts in the USA include the Champlain Housing Trust and the Dudley Street Neighborhood Initiative.