Kwik Mortgage Corporation Rates, Fees & Info
Parsippany, NJLEI: 2549004CU9LAM5CYA280
Tax ID: 22-3626334
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Mortgage Data
Review & Overview
Kwik Mortgage Corporation is a smaller mortgage company specializing in Home Purchase loans. Kwik Mortgage Corporation has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: New York, Atlanta, Dallas, Charlotte, and Philadelphia among others. We have data for 137 markets. (Some data included below & more in-depth data is available with an active subscription.)Kwik Mortgage Corporation has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Kwik Mortgage Corporation is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 12/30/24 |
| 30 Year Conventional Refi | 6.05% | 12/30/24 |
| 30 Year Cash-out Refi | 6.21% | 12/30/24 |
| 30 Year FHA Purchase | 7.18% | 12/30/24 |
| 15 Year Conventional Purchase | 5.57% | 12/30/24 |
| 15 Year Conventional Refi | 5.64% | 12/30/24 |
| 15 Year Cash-out Refi | 5.64% | 12/30/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Kwik Mortgage Corporation Mortgage Calculator
Your Estimates
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This is not an official calculator from Kwik Mortgage Corporation. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,044Origination Dollar Volume (All Markets)
$424,980,000Awards
Kwik Mortgage Corporation - 2022
Kwik Mortgage Corporation is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 317 | $135,945,000 | $428,849 | $6,528 | 4.47% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 69 | $26,475,000 | $383,696 | $3,895 | 4.41% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 50 | $21,860,000 | $437,200 | $5,599 | 4.33% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 39 | $17,245,000 | $442,179 | $4,395 | 4.04% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 43 | $16,445,000 | $382,442 | $5,908 | 4.55% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 31 | $13,525,000 | $436,290 | $4,484 | 5.07% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 36 | $13,290,000 | $369,167 | $5,121 | 4.23% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 30 | $12,970,000 | $432,333 | $7,133 | 4.08% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 23 | $10,295,000 | $447,609 | $3,884 | 4.56% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 20 | $8,870,000 | $443,500 | $4,019 | 3.39% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 20 | $8,750,000 | $437,500 | $4,898 | 3.89% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 11 | $5,995,000 | $545,000 | $4,591 | 3.66% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 17 | $5,705,000 | $335,588 | $4,746 | 4.40% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 15 | $5,235,000 | $349,000 | $4,392 | 4.63% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 12 | $5,160,000 | $430,000 | $6,327 | 4.58% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 10 | $5,040,000 | $504,000 | $2,180 | 2.91% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 9 | $4,515,000 | $501,667 | $5,818 | 4.96% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 8 | $4,060,000 | $507,500 | $5,519 | 4.09% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 9 | $3,795,000 | $421,667 | $4,066 | 4.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 9 | $3,795,000 | $421,667 | $4,350 | 3.82% |
| Outside of Metro Areas | 10 | $3,610,000 | $361,000 | $5,098 | 4.31% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 9 | $3,455,000 | $383,889 | $5,997 | 5.24% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 9 | $3,295,000 | $366,111 | $6,595 | 4.67% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 7 | $3,085,000 | $440,714 | $4,763 | 4.20% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 9 | $2,915,000 | $323,889 | $4,364 | 4.97% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 6 | $2,900,000 | $483,333 | $6,909 | 4.50% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 6 | $2,820,000 | $470,000 | $6,619 | 4.73% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 5 | $2,425,000 | $485,000 | $2,802 | 3.75% |
| KNOXVILLE, TN (FHA|USDA|VA) | 5 | $2,405,000 | $481,000 | $7,345 | 4.08% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 6 | $2,340,000 | $390,000 | $4,061 | 3.88% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 6 | $2,200,000 | $366,667 | $10,112 | 5.04% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 7 | $2,135,000 | $305,000 | $5,925 | 4.46% |
| RICHMOND, VA (FHA|USDA|VA) | 8 | $1,980,000 | $247,500 | $2,665 | 3.81% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 5 | $1,775,000 | $355,000 | $4,900 | 4.53% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 4 | $1,700,000 | $425,000 | $7,680 | 3.91% |
| WILMINGTON, NC (FHA|USDA|VA) | 5 | $1,685,000 | $337,000 | $3,715 | 3.75% |
| LYNCHBURG, VA (FHA|USDA|VA) | 5 | $1,645,000 | $329,000 | $4,425 | 4.35% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 4 | $1,620,000 | $405,000 | $2,683 | 3.44% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 3 | $1,575,000 | $525,000 | $1,829 | 3.92% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 4 | $1,570,000 | $392,500 | $4,936 | 5.13% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,400,000 | $350,000 | $6,368 | 5.25% |
| MODESTO, CA (FHA|USDA|VA) | 4 | $1,320,000 | $330,000 | $5,559 | 4.28% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $1,315,000 | $438,333 | $5,914 | 4.54% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 3 | $1,265,000 | $421,667 | $4,643 | 3.96% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 3 | $1,245,000 | $415,000 | $3,531 | 3.21% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 4 | $1,240,000 | $310,000 | $4,045 | 4.44% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $1,150,000 | $575,000 | $3,119 | 4.44% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $1,125,000 | $375,000 | $7,140 | 5.79% |
| SAVANNAH, GA (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $5,293 | 3.42% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 3 | $1,055,000 | $351,667 | $6,055 | 6.04% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $7,095 | 3.33% |
| READING, PA (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $5,428 | 4.79% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $980,000 | $490,000 | $2,346 | 3.06% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $2,448 | 4.58% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $4,683 | 3.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $8,653 | 3.94% |
| MIDLAND, TX (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $10,737 | 3.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $12,427 | 5.38% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $3,431 | 4.56% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $3,653 | 5.88% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $2,471 | 4.08% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $8,676 | 5.50% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $3,633 | 4.63% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $3,283 | 4.79% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $8,382 | 3.88% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $5,993 | 2.75% |
| OCALA, FL (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $4,711 | 4.88% |
| ROANOKE, VA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $3,357 | 5.19% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $2,310 | 3.50% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $3,186 | 5.31% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $10,912 | 7.00% |
| ALTOONA, PA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $4,842 | 5.38% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $3,201 | 3.63% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $1,503 | 5.38% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $23,685 | 4.50% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $6,876 | 5.88% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $4,109 | 7.13% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $5,723 | 4.75% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $1,957 | 4.44% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $13,966 | 4.63% |
| Palestine, TX (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $9,165 | 5.25% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $5,621 | 4.25% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,140 | 4.38% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $3,984 | 4.38% |
| BRUNSWICK, GA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $3,190 | 5.06% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $18,421 | 4.38% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $2,865 | 6.50% |
| WACO, TX (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $3,542 | 3.00% |
| EL PASO, TX (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,020 | 3.50% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $19,370 | 5.63% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,740 | 3.50% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,211 | 4.88% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $5,093 | 3.88% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $7,313 | 6.00% |
| CHICO, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $2,249 | 2.88% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $1,096 | 2.75% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $1,805 | 2.25% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $1,592 | 5.25% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,843 | 6.38% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,168 | 6.63% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,325 | 3.75% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $1,842 | 4.38% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $10,990 | 3.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $12,964 | 4.88% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,102 | 4.63% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,065 | 4.75% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,609 | 5.88% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,096 | 3.75% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,985 | 3.38% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,751 | 2.63% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,531 | 5.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,096 | 5.63% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,580 | 4.25% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $1,736 | 3.56% |
| ITHACA, NY (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,718 | 5.63% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,423 | 2.00% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,231 | 4.63% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,280 | 2.25% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,864 | 4.88% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,707 | 5.25% |
| Dayton, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,404 | 6.63% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,385 | 3.88% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,846 | 5.88% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,449 | 3.63% |
| Greeneville, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,717 | 6.38% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,632 | 5.00% |
| Craig, CO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,579 | 2.63% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,096 | 5.13% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,228 | 6.75% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,996 | 7.38% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,514 | 3.63% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,649 | 6.13% |
| Sanford, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,419 | 6.13% |
| Warren, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,601 | 4.25% |
| Port Lavaca, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,393 | 5.63% |
| ERIE, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,562 | 6.13% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,959 | 5.75% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,016 | $413,530,000 | $407,018 | $5,224 | 4.39% |
| FHA | 28 | $11,450,000 | $408,929 | $13,929 | 4.61% |
For 2022, Kwik Mortgage Corporation's most frequently originated type of loan was Conventional, with 1,016 originations. Their 2nd most popular type was FHA, with 28 originations.
Loan Reason
For 2022, Kwik Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 826 originations. The 2nd most popular reason was Cash Out Refi, with 177 originations.
Loan Duration/Length
For 2022, Kwik Mortgage Corporation's most frequently cited loan duration was 30 Year, with 893 originations. The 2nd most popular length was 15 Year, with 115 originations.
Origination Fees/Closing Costs
Kwik Mortgage Corporation's average total fees were $5,650, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 647 originations.
Interest Rates
During 2022, Kwik Mortgage Corporation's average interest rate for loans was 4.55%, while their most frequently originated rate bucket for loans was 4-5%, with 292 originations.
Loan Sizing
2022 saw Kwik Mortgage Corporation place emphasis on $200k-400k loans with 446 originations, totaling $138,230,000 in origination value.
Applicant Income
Kwik Mortgage Corporation lent most frequently to those with incomes in the $150k-250k range, with 346 originations. The second most popular income band? $100k-150k, with 343 originations.
Applicant Debt to Income Ratio
Kwik Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 215 originations. The next most common DTI ratio? 20-30%, with 198 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.46%
Kwik Mortgage Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination38.79%
Kwik Mortgage Corporation has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,044 | $424,980,000 | $407,069 |