Corporate Investors Mortgage Group Rates, Fees & Info
Chapel Hill, NCLEI: 2549006SV57592TPRW11
Tax ID: 56-2007637
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
3,691Origination Dollar Volume (All Markets)
$1,200,085,000Awards
Corporate Investors Mortgage Group - 2021
Corporate Investors Mortgage Group is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 applications99.66%
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 origination91.31%
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% |
