Corporate Investors Mortgage Group Rates, Fees & Info

Chapel Hill, NC

LEI: 2549006SV57592TPRW11

Tax ID: 56-2007637

5 stars - out of 5 stars, based on 61 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Corporate Investors Mortgage Group is a small mortgage company specializing in Refi and Home Purchase loans. Corporate Investors Mortgage Group 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.) They have a low ratio of USDA loans. Their top markets include Durham, Raleigh, Morehead City, Burlington, and Charlotte among others. Corporate Investors Mortgage Group has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. Corporate Investors Mortgage Group is typically a low fee lendor.


Originations

3,691

Origination Dollar Volume (All Markets)

$1,200,085,000
Show all (16) awards

Relative Rate

Corporate Investors Mortgage Group 's average 30 year fixed rate mortgage of loans were 3.02%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.13%.

Relative Fees

Corporate Investors Mortgage Group 's average total fees for a 30 year fixed rate mortgage are $3,105.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1,925 $633,955,000 $329,327 $2,895 2.91%
RALEIGH-CARY, NC (FHA|USDA|VA) 1,167 $382,075,000 $327,399 $3,039 2.92%
Morehead City, NC (FHA|USDA|VA) 243 $83,305,000 $342,819 $3,180 2.95%
BURLINGTON, NC (FHA|USDA|VA) 63 $14,435,000 $229,127 $3,024 2.87%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 46 $13,930,000 $302,826 $2,859 2.96%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 35 $11,065,000 $316,143 $3,128 3.03%
WILMINGTON, NC (FHA|USDA|VA) 33 $10,695,000 $324,091 $3,620 3.11%
Outside of Metro Areas 17 $6,075,000 $357,353 $3,394 2.90%
Boone, NC (FHA|USDA|VA) 9 $5,015,000 $557,222 $5,128 3.06%
NEW BERN, NC (FHA|USDA|VA) 18 $5,000,000 $277,778 $3,055 3.13%
FAYETTEVILLE, NC (FHA|USDA|VA) 18 $4,970,000 $276,111 $3,805 3.15%
JACKSONVILLE, NC (FHA|USDA|VA) 16 $4,720,000 $295,000 $3,477 2.95%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 19 $4,295,000 $226,053 $2,773 2.95%
ASHEVILLE, NC (FHA|USDA|VA) 13 $3,955,000 $304,231 $3,733 2.93%
WINSTON-SALEM, NC (FHA|USDA|VA) 10 $2,280,000 $228,000 $2,697 3.10%
GREENVILLE, NC (FHA|USDA|VA) 8 $1,790,000 $223,750 $2,978 3.08%
Sanford, NC (FHA|USDA|VA) 8 $1,750,000 $218,750 $3,168 3.20%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 5 $1,275,000 $255,000 $4,148 2.80%
Roanoke Rapids, NC (FHA|USDA|VA) 3 $1,065,000 $355,000 $2,479 2.88%
Cullowhee, NC (FHA|USDA|VA) 3 $1,015,000 $338,333 $4,501 2.92%
Henderson, NC (FHA|USDA|VA) 4 $860,000 $215,000 $2,283 2.75%
ROCKY MOUNT, NC (FHA|USDA|VA) 5 $845,000 $169,000 $3,296 2.60%
Washington, NC (FHA|USDA|VA) 3 $815,000 $271,667 $2,275 2.96%
Kill Devil Hills, NC (FHA|USDA|VA) 2 $740,000 $370,000 $3,057 2.94%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 3 $565,000 $188,333 $4,223 3.21%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $545,000 $545,000 $3,344 3.25%
GOLDSBORO, NC (FHA|USDA|VA) 2 $470,000 $235,000 $2,481 3.00%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $435,000 $435,000 $3,882 3.25%
Seneca, SC (FHA|USDA|VA) 1 $365,000 $365,000 $2,168 2.75%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $310,000 $155,000 $4,604 3.50%
Brevard, NC (FHA|USDA|VA) 1 $305,000 $305,000 $6,097 3.00%
COLUMBIA, SC (FHA|USDA|VA) 1 $235,000 $235,000 $2,222 3.00%
Forest City, NC (FHA|USDA|VA) 1 $215,000 $215,000 $3,905 3.38%
Shelby, NC (FHA|USDA|VA) 1 $205,000 $205,000 $3,457 2.75%
Wilson, NC (FHA|USDA|VA) 2 $200,000 $100,000 $2,627 3.19%
Marion, NC (FHA|USDA|VA) 1 $195,000 $195,000 $3,084 2.63%
Albemarle, NC (FHA|USDA|VA) 1 $115,000 $115,000 $3,531 3.38%

Corporate Investors Mortgage Group 's top markets include Durham, Raleigh, Morehead City, Burlington, and Charlotte among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 3,578 $1,166,160,000 $325,925 $2,898 2.93%
VA 58 $19,690,000 $339,483 $4,986 2.66%
FHA 41 $10,745,000 $262,073 $7,612 2.72%
USDA 14 $3,490,000 $249,286 $5,329 2.77%

For the 2021 period, Corporate Investors Mortgage Group 's most frequently originated loan type of loans were Conventional, with 3,578 originations. Their 2nd most popular type is VA, with 58 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 2,125 $653,285,000 $307,428 $2,552 2.88%
Home Purchase 1,564 $545,970,000 $349,086 $3,591 2.98%
Home Improvement 1 $415,000 $415,000 $4,571 2.88%
Cash Out Refi 1 $415,000 $415,000 $2,099 2.75%

For the 2021, Corporate Investors Mortgage Group 's most frequently cited loan purpose of loans were Refi, with 2,125 originations. The 2nd most popular reason of loans were Home Purchase, with 1,564 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 2,939 $985,415,000 $335,289 $3,105 3.02%
15 Year 559 $159,425,000 $285,197 $2,592 2.49%
20 Year 105 $29,495,000 $280,905 $2,522 2.83%
Other 76 $22,360,000 $294,211 $2,160 2.75%
10 Year 12 $3,390,000 $282,500 $3,611 2.26%

For the 2021, Corporate Investors Mortgage Group 's most frequently cited loan length of loans were 30 Year, with 2,939 originations. The 2nd most popular length of loans were 15 Year, with 559 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 3,111 $1,011,655,000 $325,186
$1k-2k 287 $85,035,000 $296,289
$3k-4k 133 $44,785,000 $336,729
$2k-3k 95 $28,885,000 $304,053
$5k+ 65 $29,725,000 $457,308

$3,105 of loans were Corporate Investors Mortgage Group 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 3,111 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 2,024 $675,860,000 $333,923
3-4% 1,129 $361,155,000 $319,889
<2.5% 518 $158,710,000 $306,390
4-5% 20 $4,360,000 $218,000

During 2021, Corporate Investors Mortgage Group 's average interest rate of loans were 3.02%, while their most frequently originated rate bucket of loans were 2.5-3%, with 2,024 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 2,025 $590,955,000 $291,830 $2,934 2.93%
$400k-600k 880 $425,840,000 $483,909 $3,399 2.88%
$100k-200k 664 $106,080,000 $159,759 $2,497 2.96%
$600k-1MM 83 $61,995,000 $746,928 $4,251 3.06%
$100,000 or less 28 $2,320,000 $82,857 $2,219 2.87%
$1MM+ 11 $12,895,000 $1,172,273 $3,734 3.06%

2021 saw Corporate Investors Mortgage Group place emphasis on $200k-400k loans with 2,025 originations, totaling $590,955,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$150k-250k 962 $352,980,000 $366,923 $3,018 2.92%
$100k-150k 958 $306,320,000 $319,749 $2,957 2.91%
$50k-75k 534 $128,890,000 $241,367 $2,925 2.93%
$75k-100k 532 $149,550,000 $281,109 $2,929 2.96%
$250k+ 491 $220,345,000 $448,768 $3,196 2.92%
$50k or less 214 $42,000,000 $196,262 $2,897 2.89%

Corporate Investors Mortgage Group lent most frequently to those with incomes in the $150k-250k range, with 962 originations. The second most popular income band? $100k-150k, with 958 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 1,147 $372,525,000 $324,782 $2,873 2.91%
<20% 718 $234,370,000 $326,421 $2,763 2.83%
30-36% 656 $214,460,000 $326,921 $2,946 2.96%
36% 111 $34,645,000 $312,117 $2,957 3.02%
40% 100 $33,440,000 $334,400 $3,208 2.96%
42% 97 $30,275,000 $312,113 $3,254 3.01%
37% 97 $32,485,000 $334,897 $3,410 2.97%
41% 92 $30,240,000 $328,696 $3,353 2.97%
38% 91 $29,755,000 $326,978 $3,127 3.03%
44% 91 $29,235,000 $321,264 $3,422 2.98%
43% 84 $28,240,000 $336,190 $3,375 3.05%
39% 83 $25,555,000 $307,892 $3,061 3.03%
46% 72 $22,530,000 $312,917 $2,958 2.91%
45% 61 $19,815,000 $324,836 $3,444 2.96%
49% 54 $18,440,000 $341,481 $3,453 2.97%
48% 51 $16,315,000 $319,902 $3,060 2.91%
47% 45 $14,815,000 $329,222 $2,981 2.97%
50-60% 18 $5,660,000 $314,444 $6,500 2.83%
>60% 1 $385,000 $385,000 $16,025 2.88%

Corporate Investors Mortgage Group lent most frequently to those with DTI ratios of 20-30%, with 1,147 originations. The next most common DTI ratio? <20%, with 718 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 3,315 $1,081,235,000 $326,164 $2,965 2.92%
Asian 181 $57,955,000 $320,193 $3,082 2.96%
Black 135 $40,645,000 $301,074 $3,362 2.95%
Not provided 45 $14,465,000 $321,444 $3,414 2.88%
American Indian 6 $2,120,000 $353,333 $3,338 2.73%
Asian Indian 5 $1,915,000 $383,000 $3,226 3.05%
Native Hawaiian 3 $1,115,000 $371,667 $4,196 3.08%
Japanese 1 $635,000 $635,000 $2,287 2.75%

Approval Rates

Total approvals of all applications
99.66%

Corporate Investors Mortgage Group has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
91.31%

Corporate Investors Mortgage Group has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 3,691 $1,200,085,000 $325,138

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
3,691 $1,200,085,000 $325,138

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 201 $45,805,000 $227,886 $2,497 2.67%
40-60% 795 $241,245,000 $303,453 $2,541 2.79%
60-80% 1,658 $562,470,000 $339,246 $2,868 2.99%
80-100% 1,016 $345,440,000 $340,000 $3,589 2.97%
Over 100% 9 $3,105,000 $345,000 $10,668 2.64%
Under 20% 12 $2,020,000 $168,333 $2,272 2.71%