The May 2023 report evaluates the competitive position of commercial loan origination vendors, identifying trends such as the push for highly digital borrower experiences, productivity gains amid talent shortages, and regulatory pressures from Dodd-Frank Section 1071 extending CFPB oversight to SMB lending. AI, ML, and APIs are transforming financial data ingestion, third-party integrations, and continuous underwriting. Market revenue is projected to grow from $1.3 billion in 2022 to $3.2 billion by 2027. Dominant vendors include Abrigo, nCino, Baker Hill, Moody’s, and Finastra, with others positioned as established players.

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