My Move Mortgage Rates, Fees & Info
Salt Lake City, UTLEI: 54930016ZSB1QWXLRJ13
Tax ID: 81-4978092
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
My Move Mortgage is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. My Move Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Salt Lake City, Provo, Ogden, St. George, and Heber among others. My Move Mortgage has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. My Move Mortgage is typically an average fee lendor.Originations
2,354Origination Dollar Volume (All Markets)
$835,430,000Awards
MY MOVE MORTGAGE - 2021
MY MOVE MORTGAGE is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
My Move Mortgage 's average 30 year fixed rate mortgage of loans were
3.06%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.09%.
Relative Fees
My Move Mortgage 's average total fees for a 30 year fixed rate
mortgage are $4,545.
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 |
|---|---|---|---|---|---|
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1,090 | $390,300,000 | $358,073 | $4,511 | 3.02% |
| PROVO-OREM, UT (FHA|USDA|VA) | 631 | $223,925,000 | $354,873 | $4,233 | 3.04% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 412 | $141,660,000 | $343,835 | $4,558 | 2.95% |
| ST. GEORGE, UT (FHA|USDA|VA) | 96 | $34,780,000 | $362,292 | $4,434 | 3.12% |
| Heber, UT (FHA|USDA|VA) | 40 | $17,560,000 | $439,000 | $4,280 | 2.93% |
| LOGAN, UT-ID (FHA|USDA|VA) | 28 | $7,970,000 | $284,643 | $3,268 | 3.05% |
| Outside of Metro Areas | 14 | $3,810,000 | $272,143 | $3,913 | 3.02% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 5 | $3,685,000 | $737,000 | $5,677 | 2.95% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 10 | $2,870,000 | $287,000 | $3,505 | 3.10% |
| BOISE CITY, ID (FHA|USDA|VA) | 7 | $2,395,000 | $342,143 | $3,845 | 2.71% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $3,270 | 3.00% |
| Price, UT (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $5,475 | 2.87% |
| Rexburg, ID (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $4,808 | 2.87% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $4,310 | 3.00% |
| Cedar City, UT (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $8,102 | 2.50% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $2,493 | 2.88% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,988 | 2.94% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,304 | 3.37% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,758 | 3.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $11,371 | 3.38% |
| Vernal, UT (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,148 | 2.75% |
| Blackfoot, ID (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,620 | 3.38% |
| Evanston, WY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,599 | 2.75% |
| Burley, ID (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,553 | 2.75% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,377 | 2.88% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,522 | 3.13% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,436 | 3.25% |
My Move Mortgage 's top markets include Salt Lake City, Provo, Ogden, St. George, and Heber among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 2,106 | $741,410,000 | $352,047 | $3,798 | 3.04% |
| FHA | 160 | $58,090,000 | $363,063 | $10,547 | 2.83% |
| VA | 74 | $30,920,000 | $417,838 | $8,277 | 2.60% |
| USDA | 14 | $5,010,000 | $357,857 | $6,802 | 2.62% |
For the 2021 period, My Move Mortgage 's most frequently originated loan type of loans were Conventional, with 2,106 originations. Their 2nd most popular type is FHA, with 160 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 1,296 | $496,930,000 | $383,434 | $5,066 | 3.06% |
| Refi | 538 | $162,100,000 | $301,301 | $3,250 | 2.84% |
| Cash Out Refi | 515 | $175,205,000 | $340,204 | $4,005 | 3.09% |
| Home Improvement | 5 | $1,195,000 | $239,000 | $4,031 | 3.05% |
For the 2021, My Move Mortgage 's most frequently cited loan purpose of loans were Home Purchase, with 1,296 originations. The 2nd most popular reason of loans were Refi, with 538 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 2,140 | $779,840,000 | $364,411 | $4,545 | 3.06% |
| 15 Year | 140 | $34,450,000 | $246,071 | $3,102 | 2.41% |
| 20 Year | 54 | $16,370,000 | $303,148 | $3,209 | 2.87% |
| 10 Year | 12 | $2,650,000 | $220,833 | $2,951 | 2.32% |
| Other | 8 | $2,120,000 | $265,000 | $3,018 | 2.92% |
For the 2021, My Move Mortgage 's most frequently cited loan length of loans were 30 Year, with 2,140 originations. The 2nd most popular length of loans were 15 Year, with 140 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1,249 | $437,625,000 | $350,380 |
| $1k-2k | 459 | $141,715,000 | $308,747 |
| $2k-3k | 291 | $105,355,000 | $362,045 |
| $3k-4k | 240 | $94,440,000 | $393,500 |
| $5k+ | 115 | $56,295,000 | $489,522 |
$4,545 of loans were My Move Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,249 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 1,226 | $440,490,000 | $359,290 |
| 3-4% | 812 | $308,470,000 | $379,889 |
| <2.5% | 251 | $78,335,000 | $312,092 |
| 4-5% | 48 | $7,770,000 | $161,875 |
| 5-6% | 17 | $365,000 | $21,471 |
During 2021, My Move Mortgage 's average interest rate of loans were 3.06%, while their most frequently originated rate bucket of loans were 2.5-3%, with 1,226 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 1,224 | $374,750,000 | $306,168 | $4,179 | 2.98% |
| $400k-600k | 733 | $348,795,000 | $475,846 | $5,223 | 3.00% |
| $100k-200k | 233 | $38,305,000 | $164,399 | $2,825 | 2.88% |
| $600k-1MM | 92 | $62,170,000 | $675,761 | $7,020 | 3.07% |
| $100,000 or less | 65 | $2,745,000 | $42,231 | $861 | 4.21% |
| $1MM+ | 7 | $8,665,000 | $1,237,857 | $13,449 | 3.09% |
2021 saw My Move Mortgage place emphasis on $200k-400k loans with 1,224 originations, totaling $374,750,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 608 | $239,760,000 | $394,342 | $4,608 | 3.02% |
| $50k-75k | 579 | $168,435,000 | $290,907 | $4,247 | 3.01% |
| $75k-100k | 532 | $187,050,000 | $351,598 | $4,645 | 3.04% |
| $150k-250k | 333 | $140,725,000 | $422,598 | $4,182 | 2.99% |
| $50k or less | 165 | $36,645,000 | $222,091 | $3,629 | 2.91% |
| $250k+ | 113 | $56,115,000 | $496,593 | $5,303 | 3.13% |
My Move Mortgage lent most frequently to those with incomes in the $100k-150k range, with 608 originations. The second most popular income band? $50k-75k, with 579 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 577 | $197,375,000 | $342,071 | $3,840 | 2.96% |
| 30-36% | 410 | $144,890,000 | $353,390 | $4,179 | 2.99% |
| <20% | 183 | $57,735,000 | $315,492 | $3,642 | 2.90% |
| 39% | 102 | $38,220,000 | $374,706 | $4,551 | 3.04% |
| 41% | 101 | $36,465,000 | $361,040 | $4,466 | 3.02% |
| 44% | 97 | $35,975,000 | $370,876 | $4,839 | 3.12% |
| 38% | 96 | $34,490,000 | $359,271 | $4,149 | 3.09% |
| 43% | 90 | $34,080,000 | $378,667 | $4,551 | 3.07% |
| 37% | 84 | $30,880,000 | $367,619 | $4,087 | 3.06% |
| 36% | 84 | $30,510,000 | $363,214 | $4,654 | 3.00% |
| 42% | 82 | $32,470,000 | $395,976 | $4,357 | 3.10% |
| 40% | 82 | $31,560,000 | $384,878 | $4,817 | 3.02% |
| 49% | 68 | $23,530,000 | $346,029 | $5,335 | 3.13% |
| 45% | 60 | $22,750,000 | $379,167 | $4,902 | 3.09% |
| 48% | 59 | $21,365,000 | $362,119 | $5,285 | 3.13% |
| 46% | 57 | $20,825,000 | $365,351 | $5,165 | 3.11% |
| 50-60% | 57 | $20,855,000 | $365,877 | $10,167 | 3.07% |
| 47% | 51 | $17,815,000 | $349,314 | $4,406 | 3.04% |
| >60% | 11 | $2,985,000 | $271,364 | $3,966 | 2.80% |
My Move Mortgage lent most frequently to those with DTI ratios of 20-30%, with 577 originations. The next most common DTI ratio? 30-36%, with 410 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 2,032 | $717,740,000 | $353,219 | $4,398 | 3.01% |
| Not provided | 143 | $53,295,000 | $372,692 | $4,714 | 3.05% |
| Asian | 135 | $47,515,000 | $351,963 | $3,875 | 2.97% |
| Native Hawaiian | 15 | $6,425,000 | $428,333 | $6,911 | 3.03% |
| Black | 16 | $5,910,000 | $369,375 | $5,841 | 3.09% |
| American Indian | 13 | $4,545,000 | $349,615 | $4,915 | 3.13% |
Approval Rates
Total approvals of all applications99.12%
My Move Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination84.15%
My Move Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,354 | $835,430,000 | $354,898 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2,354 | $835,430,000 | $354,898 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 127 | $25,715,000 | $202,480 | $2,817 | 2.73% |
| 40-60% | 423 | $128,605,000 | $304,031 | $3,484 | 2.83% |
| 60-80% | 908 | $339,830,000 | $374,262 | $4,039 | 3.09% |
| 80-100% | 822 | $331,080,000 | $402,774 | $5,600 | 2.98% |
| Over 100% | 15 | $6,735,000 | $449,000 | $16,090 | 2.63% |
| Under 20% | 59 | $3,465,000 | $58,729 | $853 | 4.33% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MANN FINANCIAL INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 50.0% |
| MANN FINANCIAL INC. | Conventional home mortgage | Trouble during payment process | 2 | 50.0% |
