Ditech Financial Llc

FORT WASHINGTON, PA 19034

LEI: 5493003KZFGGEWCRH554

Tax ID: 41-1795868

2019 Data | 2018 Data


Overview

Ditech Financial Llc is a small mortgage company specializing in Refi and Cash Out Refi loans. Ditech Financial Llc 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 Riverside, Phoenix, San Diego, Los Angeles, and Denver among others. They have an average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Ditech Financial Llc is typically a low fee medium-low fee lendor.


Originations

17,579

Origination Dollar Volume (All Markets)

$3,837,375,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 10,390 $2,063,570,000 $198,611
FHA 4,939 $1,127,905,000 $228,367
VA 2,183 $634,225,000 $290,529
USDA 67 $11,675,000 $174,254

Conventional loans are assumed to be 20% downpayment and either fixed/adjustable rate. FHA loans start at 3.5% downpayment and are targeted towards first time homebuyers who will be owner-occupants. USDA loans target agrarian uses such as farms. VA loans are available to members of the military. FHA, USDA and VA loans are typically subsidized by the government so as to have more favorable terms for the borrower.

Loan Reason

Loan Reason Originations Total Value Average Loan
Home Purchase 2,181 $565,125,000 $259,113
Home Improvement 131 $32,705,000 $249,656
Other 54 $7,230,000 $133,889
NA 1 $215,000 $215,000
Refi 6,942 $1,523,450,000 $219,454
Cash Out Refi 8,270 $1,708,650,000 $206,608

Home purchase and refinance loans are typically offered by even the most prudent banks. Cash out refi loans typically carry higher fees-- they allow homeowners to get loans against the equity (appreciated value) of their home, but can be used irresponsibly. Lendors with a high ratio of cash out refi loans may be exposed in the event of an economic downturn, and may be more aggressive with their fee schedules.

Top Markets

Market Originations Total Value Average Loan
Outside of Metro Areas 1,332 $207,150,000 $155,518
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 555 $158,995,000 $286,477
PHOENIX-MESA-CHANDLER, AZ 659 $154,255,000 $234,074
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 359 $149,625,000 $416,783
LOS ANGELES-LONG BEACH-GLENDALE, CA 402 $142,920,000 $355,522
DENVER-AURORA-LAKEWOOD, CO 371 $109,115,000 $294,111
CHICAGO-NAPERVILLE-EVANSTON, IL 444 $95,890,000 $215,968
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 509 $90,695,000 $178,183
SACRAMENTO-ROSEVILLE-FOLSOM, CA 274 $83,250,000 $303,832
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 289 $82,315,000 $284,827
MILWAUKEE-WAUKESHA, WI 299 $68,565,000 $229,314
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 283 $59,835,000 $211,431
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 179 $54,515,000 $304,553
OAKLAND-BERKELEY-LIVERMORE, CA 144 $54,020,000 $375,139
BOSTON, MA 168 $53,730,000 $319,821
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 301 $52,195,000 $173,405
SEATTLE-BELLEVUE-KENT, WA 153 $50,755,000 $331,732
LAS VEGAS-HENDERSON-PARADISE, NV 237 $49,805,000 $210,148
ANAHEIM-SANTA ANA-IRVINE, CA 125 $47,905,000 $383,240
WARREN-TROY-FARMINGTON HILLS, MI 273 $45,905,000 $168,150
DALLAS-PLANO-IRVING, TX 232 $45,480,000 $196,034
TAMPA-ST. PETERSBURG-CLEARWATER, FL 237 $39,405,000 $166,266
AUSTIN-ROUND ROCK-GEORGETOWN, TX 162 $39,210,000 $242,037
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 146 $37,710,000 $258,288
INDIANAPOLIS-CARMEL-ANDERSON, IN 228 $37,350,000 $163,816
NEW BRUNSWICK-LAKEWOOD, NJ 142 $35,510,000 $250,070
ST. LOUIS, MO-IL 201 $34,925,000 $173,756
ORLANDO-KISSIMMEE-SANFORD, FL 180 $34,150,000 $189,722
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 144 $33,790,000 $234,653
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 145 $33,025,000 $227,759
PROVIDENCE-WARWICK, RI-MA 134 $33,010,000 $246,343
MIAMI-MIAMI BEACH-KENDALL, FL 146 $32,610,000 $223,356
CHARLOTTE-CONCORD-GASTONIA, NC-SC 191 $32,415,000 $169,712
BALTIMORE-COLUMBIA-TOWSON, MD 132 $30,380,000 $230,152
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 127 $29,235,000 $230,197
OXNARD-THOUSAND OAKS-VENTURA, CA 73 $28,305,000 $387,740
WORCESTER, MA-CT 127 $27,405,000 $215,787
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 65 $26,475,000 $407,308
FORT WORTH-ARLINGTON-GRAPEVINE, TX 132 $24,860,000 $188,333
NEWARK, NJ-PA 97 $24,285,000 $250,361
TACOMA-LAKEWOOD, WA 89 $23,945,000 $269,045
STOCKTON, CA 89 $23,725,000 $266,573
PHILADELPHIA, PA 125 $22,635,000 $181,080
JACKSONVILLE, FL 122 $22,190,000 $181,885
COLORADO SPRINGS, CO 88 $21,860,000 $248,409
SALT LAKE CITY, UT 83 $21,395,000 $257,771
KANSAS CITY, MO-KS 126 $21,310,000 $169,127
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 68 $20,280,000 $298,235
SAN ANTONIO-NEW BRAUNFELS, TX 114 $19,120,000 $167,719
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 87 $18,935,000 $217,644
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 95 $18,585,000 $195,632
MODESTO, CA 74 $18,570,000 $250,946
COLUMBUS, OH 103 $18,285,000 $177,524
OGDEN-CLEARFIELD, UT 69 $17,775,000 $257,609
VALLEJO, CA 58 $17,620,000 $303,793
RICHMOND, VA 81 $17,615,000 $217,469
LAKE COUNTY-KENOSHA COUNTY, IL-WI 74 $17,550,000 $237,162
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 60 $17,530,000 $292,167
TUCSON, AZ 95 $17,415,000 $183,316
CHARLESTON-NORTH CHARLESTON, SC 82 $17,240,000 $210,244
CAMDEN, NJ 89 $15,955,000 $179,270
FRESNO, CA 74 $15,910,000 $215,000
DETROIT-DEARBORN-LIVONIA, MI 113 $15,525,000 $137,389
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 65 $15,345,000 $236,077
SANTA ROSA-PETALUMA, CA 36 $13,480,000 $374,444
LOUISVILLE/JEFFERSON COUNTY, KY-IN 83 $13,415,000 $161,627
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 72 $12,870,000 $178,750
MANCHESTER-NASHUA, NH 50 $12,870,000 $257,400
CINCINNATI, OH-KY-IN 83 $12,565,000 $151,386
REDDING, CA 53 $12,015,000 $226,698
RALEIGH-CARY, NC 68 $11,620,000 $170,882
BAKERSFIELD, CA 61 $11,595,000 $190,082
BOISE CITY, ID 61 $11,595,000 $190,082
ELGIN, IL 52 $11,400,000 $219,231
PITTSBURGH, PA 85 $11,385,000 $133,941
RENO, NV 42 $11,330,000 $269,762
NORTH PORT-SARASOTA-BRADENTON, FL 58 $11,190,000 $192,931
PORT ST. LUCIE, FL 54 $11,110,000 $205,741
PROVO-OREM, UT 42 $10,990,000 $261,667
BRIDGEPORT-STAMFORD-NORWALK, CT 36 $10,960,000 $304,444
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 49 $10,945,000 $223,367
GREELEY, CO 41 $10,565,000 $257,683
CAPE CORAL-FORT MYERS, FL 53 $9,995,000 $188,585
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 62 $9,740,000 $157,097
BIRMINGHAM-HOOVER, AL 61 $9,735,000 $159,590
WILMINGTON, DE-MD-NJ 48 $9,380,000 $195,417
LAKELAND-WINTER HAVEN, FL 52 $9,190,000 $176,731
PRESCOTT VALLEY-PRESCOTT, AZ 40 $9,070,000 $226,750
NEW HAVEN-MILFORD, CT 48 $9,000,000 $187,500
PORTLAND-SOUTH PORTLAND, ME 41 $8,865,000 $216,220
NEW ORLEANS-METAIRIE, LA 54 $8,780,000 $162,593
GREENVILLE-ANDERSON, SC 54 $8,560,000 $158,519
GARY, IN 50 $8,170,000 $163,400
CLEVELAND-ELYRIA, OH 62 $8,090,000 $130,484
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 20 $8,040,000 $402,000
MADISON, WI 30 $7,950,000 $265,000
GREENSBORO-HIGH POINT, NC 52 $7,870,000 $151,346
ALBUQUERQUE, NM 45 $7,615,000 $169,222
SALINAS, CA 21 $7,345,000 $349,762
ROANOKE, VA 40 $7,290,000 $182,250
MEMPHIS, TN-MS-AR 52 $7,050,000 $135,577
MERCED, CA 28 $7,040,000 $251,429
MONROE, LA 51 $7,015,000 $137,549
PALM BAY-MELBOURNE-TITUSVILLE, FL 37 $6,875,000 $185,811
BARNSTABLE TOWN, MA 25 $6,525,000 $261,000
AUBURN-OPELIKA, AL 27 $6,485,000 $240,185
RACINE, WI 30 $6,420,000 $214,000
FORT COLLINS, CO 26 $6,390,000 $245,769
SALEM, OR 26 $6,240,000 $240,000
GRAND RAPIDS-KENTWOOD, MI 42 $6,200,000 $147,619
SPRINGFIELD, MA 32 $6,150,000 $192,188
SANTA MARIA-SANTA BARBARA, CA 18 $6,110,000 $339,444
MONTGOMERY, AL 32 $5,870,000 $183,438
PENSACOLA-FERRY PASS-BRENT, FL 32 $5,770,000 $180,313
URBAN HONOLULU, HI 14 $5,730,000 $409,286
SALISBURY, MD-DE 29 $5,605,000 $193,276
OLYMPIA-LACEY-TUMWATER, WA 20 $5,520,000 $276,000
NAPLES-MARCO ISLAND, FL 22 $5,440,000 $247,273
ANN ARBOR, MI 35 $5,365,000 $153,286
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 25 $5,095,000 $203,800
LANSING-EAST LANSING, MI 39 $5,085,000 $130,385
SPOKANE-SPOKANE VALLEY, WA 27 $4,985,000 $184,630
YUBA CITY, CA 20 $4,980,000 $249,000
YORK-HANOVER, PA 26 $4,880,000 $187,692
LAKE HAVASU CITY-KINGMAN, AZ 25 $4,855,000 $194,200
BATON ROUGE, LA 27 $4,845,000 $179,444
CHICO, CA 19 $4,765,000 $250,789
BOULDER, CO 15 $4,725,000 $315,000
DES MOINES-WEST DES MOINES, IA 29 $4,685,000 $161,552
GAINESVILLE, FL 28 $4,550,000 $162,500
TULSA, OK 34 $4,500,000 $132,353
SAN LUIS OBISPO-PASO ROBLES, CA 12 $4,360,000 $363,333
OKLAHOMA CITY, OK 29 $4,295,000 $148,103
DURHAM-CHAPEL HILL, NC 29 $4,265,000 $147,069
VISALIA, CA 24 $4,230,000 $176,250
MADERA, CA 18 $4,180,000 $232,222
READING, PA 24 $4,160,000 $173,333
WILMINGTON, NC 22 $4,080,000 $185,455
ASHEVILLE, NC 22 $4,050,000 $184,091
SAVANNAH, GA 26 $4,000,000 $153,846
FLINT, MI 31 $3,985,000 $128,548
BREMERTON-SILVERDALE-PORT ORCHARD, WA 16 $3,980,000 $248,750
EUGENE-SPRINGFIELD, OR 17 $3,865,000 $227,353
DAYTON-KETTERING, OH 25 $3,825,000 $153,000
NAPA, CA 9 $3,725,000 $413,889
MCALLEN-EDINBURG-MISSION, TX 30 $3,650,000 $121,667
AKRON, OH 20 $3,540,000 $177,000
YUMA, AZ 22 $3,430,000 $155,909
MEDFORD, OR 14 $3,410,000 $243,571
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 18 $3,380,000 $187,778
KNOXVILLE, TN 19 $3,335,000 $175,526
SPARTANBURG, SC 22 $3,270,000 $148,636
WINSTON-SALEM, NC 25 $3,255,000 $130,200
SHEBOYGAN, WI 14 $3,250,000 $232,143
BEND, OR 14 $3,220,000 $230,000
ANCHORAGE, AK 12 $3,200,000 $266,667
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 17 $3,155,000 $185,588
SOUTH BEND-MISHAWAKA, IN-MI 21 $3,105,000 $147,857
LYNCHBURG, VA 19 $3,095,000 $162,895
KENNEWICK-RICHLAND, WA 16 $3,090,000 $193,125
OCEAN CITY, NJ 11 $3,055,000 $277,727
WICHITA, KS 29 $3,055,000 $105,345
COLUMBIA, SC 21 $3,025,000 $144,048
HARRISBURG-CARLISLE, PA 18 $3,010,000 $167,222
LONGVIEW, TX 18 $2,980,000 $165,556
ST. GEORGE, UT 11 $2,895,000 $263,182
TALLAHASSEE, FL 15 $2,845,000 $189,667
ST. CLOUD, MN 15 $2,835,000 $189,000
YAKIMA, WA 13 $2,835,000 $218,077
FAYETTEVILLE, NC 21 $2,835,000 $135,000
LEXINGTON-FAYETTE, KY 20 $2,800,000 $140,000
COLUMBUS, GA-AL 20 $2,790,000 $139,500
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 20 $2,780,000 $139,000
OMAHA-COUNCIL BLUFFS, NE-IA 22 $2,770,000 $125,909
AUGUSTA-RICHMOND COUNTY, GA-SC 24 $2,770,000 $115,417
JACKSON, MS 19 $2,735,000 $143,947
CHATTANOOGA, TN-GA 22 $2,690,000 $122,273
OCALA, FL 14 $2,660,000 $190,000
CAPE GIRARDEAU, MO-IL 13 $2,655,000 $204,231
PUNTA GORDA, FL 15 $2,615,000 $174,333
STAUNTON, VA 13 $2,535,000 $195,000
MIDLAND, TX 11 $2,535,000 $230,455
LAFAYETTE, LA 16 $2,440,000 $152,500
KILLEEN-TEMPLE, TX 25 $2,425,000 $97,000
KAHULUI-WAILUKU-LAHAINA, HI 9 $2,425,000 $269,444
BELLINGHAM, WA 8 $2,390,000 $298,750
LANCASTER, PA 13 $2,365,000 $181,923
BURLINGTON, NC 14 $2,360,000 $168,571
MOBILE, AL 20 $2,360,000 $118,000
LUBBOCK, TX 15 $2,355,000 $157,000
LONGVIEW, WA 11 $2,335,000 $212,273
CALIFORNIA-LEXINGTON PARK, MD 8 $2,310,000 $288,750
ATLANTIC CITY-HAMMONTON, NJ 13 $2,305,000 $177,308
TOLEDO, OH 16 $2,300,000 $143,750
EAST STROUDSBURG, PA 14 $2,240,000 $160,000
FORT WAYNE, IN 17 $2,205,000 $129,706
FLAGSTAFF, AZ 10 $2,160,000 $216,000
SAN RAFAEL, CA 5 $2,155,000 $431,000
HICKORY-LENOIR-MORGANTON, NC 20 $2,150,000 $107,500
WINCHESTER, VA-WV 10 $2,150,000 $215,000
NORWICH-NEW LONDON, CT 11 $2,135,000 $194,091
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 16 $2,110,000 $131,875
SPRINGFIELD, MO 17 $2,105,000 $123,824
DOVER, DE 11 $2,095,000 $190,455
WARNER ROBINS, GA 14 $2,060,000 $147,143
CANTON-MASSILLON, OH 17 $2,045,000 $120,294
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 12 $2,040,000 $170,000
PUEBLO, CO 13 $2,025,000 $155,769
HANFORD-CORCORAN, CA 11 $1,985,000 $180,455
ABILENE, TX 10 $1,980,000 $198,000
JACKSON, MI 15 $1,975,000 $131,667
HUNTSVILLE, AL 16 $1,940,000 $121,250
EL PASO, TX 17 $1,915,000 $112,647
TYLER, TX 11 $1,835,000 $166,818
CORPUS CHRISTI, TX 12 $1,810,000 $150,833
FOND DU LAC, WI 11 $1,745,000 $158,636
GAINESVILLE, GA 13 $1,745,000 $134,231
BILLINGS, MT 8 $1,720,000 $215,000
SANTA FE, NM 6 $1,680,000 $280,000
GREENVILLE, NC 11 $1,675,000 $152,273
ATHENS-CLARKE COUNTY, GA 9 $1,615,000 $179,444
SEBASTIAN-VERO BEACH, FL 11 $1,595,000 $145,000
HOMOSASSA SPRINGS, FL 13 $1,565,000 $120,385
HAGERSTOWN-MARTINSBURG, MD-WV 6 $1,530,000 $255,000
SANTA CRUZ-WATSONVILLE, CA 4 $1,520,000 $380,000
ROCKFORD, IL 13 $1,515,000 $116,538
GRAND JUNCTION, CO 8 $1,510,000 $188,750
HARRISONBURG, VA 7 $1,505,000 $215,000
JACKSONVILLE, NC 9 $1,495,000 $166,111
IDAHO FALLS, ID 8 $1,490,000 $186,250
HILTON HEAD ISLAND-BLUFFTON, SC 5 $1,465,000 $293,000
BEAUMONT-PORT ARTHUR, TX 15 $1,445,000 $96,333
APPLETON, WI 8 $1,420,000 $177,500
CHARLOTTESVILLE, VA 7 $1,415,000 $202,143
TOPEKA, KS 10 $1,390,000 $139,000
EL CENTRO, CA 8 $1,380,000 $172,500
MONROE, MI 10 $1,380,000 $138,000
PANAMA CITY, FL 7 $1,365,000 $195,000
ELKHART-GOSHEN, IN 10 $1,340,000 $134,000
DAPHNE-FAIRHOPE-FOLEY, AL 7 $1,295,000 $185,000
LAS CRUCES, NM 8 $1,290,000 $161,250
PEORIA, IL 10 $1,290,000 $129,000
TRENTON-PRINCETON, NJ 6 $1,280,000 $213,333
MUSKEGON, MI 11 $1,265,000 $115,000
BLOOMINGTON, IN 7 $1,255,000 $179,286
WACO, TX 9 $1,225,000 $136,111
VINELAND-BRIDGETON, NJ 10 $1,220,000 $122,000
ROCHESTER, MN 6 $1,210,000 $201,667
COEUR D'ALENE, ID 4 $1,210,000 $302,500
FLORENCE, SC 8 $1,210,000 $151,250
RAPID CITY, SD 8 $1,160,000 $145,000
BROWNSVILLE-HARLINGEN, TX 9 $1,155,000 $128,333
GADSDEN, AL 7 $1,145,000 $163,571
LAFAYETTE-WEST LAFAYETTE, IN 10 $1,130,000 $113,000
MICHIGAN CITY-LA PORTE, IN 8 $1,090,000 $136,250
SCRANTON--WILKES-BARRE, PA 12 $1,090,000 $90,833
WENATCHEE, WA 7 $1,075,000 $153,571
KINGSPORT-BRISTOL, TN-VA 9 $1,055,000 $117,222
NILES, MI 8 $1,030,000 $128,750
BURLINGTON-SOUTH BURLINGTON, VT 5 $975,000 $195,000
SYRACUSE, NY 7 $965,000 $137,857
MUNCIE, IN 8 $960,000 $120,000
SAN ANGELO, TX 6 $930,000 $155,000
LAREDO, TX 6 $930,000 $155,000
HATTIESBURG, MS 10 $920,000 $92,000
JONESBORO, AR 8 $920,000 $115,000
NEW BERN, NC 7 $895,000 $127,857
TWIN FALLS, ID 6 $890,000 $148,333
GULFPORT-BILOXI, MS 8 $890,000 $111,250
CARSON CITY, NV 5 $885,000 $177,000
SIERRA VISTA-DOUGLAS, AZ 6 $880,000 $146,667
LAWRENCE, KS 7 $875,000 $125,000
MORRISTOWN, TN 5 $875,000 $175,000
COLUMBUS, IN 5 $875,000 $175,000
JOHNSON CITY, TN 5 $875,000 $175,000
AMARILLO, TX 7 $865,000 $123,571
SAGINAW, MI 7 $865,000 $123,571
LINCOLN, NE 6 $860,000 $143,333
EVANSVILLE, IN-KY 7 $855,000 $122,143
CASPER, WY 3 $855,000 $285,000
FARGO, ND-MN 5 $855,000 $171,000
GREEN BAY, WI 5 $855,000 $171,000
THE VILLAGES, FL 5 $845,000 $169,000
GETTYSBURG, PA 4 $840,000 $210,000
JANESVILLE-BELOIT, WI 6 $820,000 $136,667
MACON-BIBB COUNTY, GA 8 $820,000 $102,500
DULUTH, MN-WI 6 $820,000 $136,667
HUNTINGTON-ASHLAND, WV-KY-OH 6 $820,000 $136,667
COLUMBIA, MO 5 $815,000 $163,000
GREAT FALLS, MT 6 $810,000 $135,000
CORVALLIS, OR 3 $805,000 $268,333
SHERMAN-DENISON, TX 6 $800,000 $133,333
ALBANY, GA 9 $785,000 $87,222
HINESVILLE, GA 5 $785,000 $157,000
CEDAR RAPIDS, IA 5 $785,000 $157,000
MOUNT VERNON-ANACORTES, WA 5 $775,000 $155,000
SHREVEPORT-BOSSIER CITY, LA 6 $760,000 $126,667
CLARKSVILLE, TN-KY 6 $760,000 $126,667
WILLIAMSPORT, PA 5 $745,000 $149,000
VALDOSTA, GA 5 $725,000 $145,000
KALAMAZOO-PORTAGE, MI 7 $725,000 $103,571
LEBANON, PA 4 $700,000 $175,000
KANKAKEE, IL 3 $685,000 $228,333
TUSCALOOSA, AL 6 $680,000 $113,333
JOPLIN, MO 8 $670,000 $83,750
POCATELLO, ID 3 $665,000 $221,667
BLACKSBURG-CHRISTIANSBURG, VA 4 $660,000 $165,000
LEWISTON-AUBURN, ME 4 $660,000 $165,000
ALBANY-LEBANON, OR 3 $655,000 $218,333
JACKSON, TN 6 $650,000 $108,333
IOWA CITY, IA 4 $650,000 $162,500
CHEYENNE, WY 4 $650,000 $162,500
ODESSA, TX 3 $645,000 $215,000
FLORENCE-MUSCLE SHOALS, AL 5 $645,000 $129,000
HOUMA-THIBODAUX, LA 7 $625,000 $89,286
LOGAN, UT-ID 4 $620,000 $155,000
DECATUR, AL 8 $610,000 $76,250
BATTLE CREEK, MI 5 $605,000 $121,000
SIOUX FALLS, SD 2 $590,000 $295,000
DOTHAN, AL 3 $585,000 $195,000
ANNISTON-OXFORD, AL 5 $575,000 $115,000
TERRE HAUTE, IN 6 $560,000 $93,333
ERIE, PA 6 $530,000 $88,333
PITTSFIELD, MA 3 $525,000 $175,000
BOWLING GREEN, KY 4 $520,000 $130,000
COLLEGE STATION-BRYAN, TX 4 $520,000 $130,000
BANGOR, ME 5 $515,000 $103,000
WAUSAU-WESTON, WI 3 $515,000 $171,667
DUBUQUE, IA 4 $510,000 $127,500
HOT SPRINGS, AR 4 $460,000 $115,000
LAWTON, OK 6 $460,000 $76,667
WALLA WALLA, WA 2 $460,000 $230,000
LEWISTON, ID-WA 3 $455,000 $151,667
SPRINGFIELD, OH 5 $455,000 $91,000
SEBRING-AVON PARK, FL 3 $445,000 $148,333
FORT SMITH, AR-OK 4 $440,000 $110,000
SUMTER, SC 4 $440,000 $110,000
WHEELING, WV-OH 3 $435,000 $145,000
MISSOULA, MT 3 $425,000 $141,667
EAU CLAIRE, WI 3 $425,000 $141,667
OSHKOSH-NEENAH, WI 3 $415,000 $138,333
PINE BLUFF, AR 4 $410,000 $102,500
SIOUX CITY, IA-NE-SD 3 $405,000 $135,000
WICHITA FALLS, TX 4 $400,000 $100,000
CLEVELAND, TN 2 $380,000 $190,000
LAKE CHARLES, LA 3 $375,000 $125,000
ROME, GA 3 $375,000 $125,000
CARBONDALE-MARION, IL 3 $365,000 $121,667
ELIZABETHTOWN-FORT KNOX, KY 2 $340,000 $170,000
ROCKY MOUNT, NC 5 $335,000 $67,000
GRANTS PASS, OR 2 $330,000 $165,000
DECATUR, IL 2 $330,000 $165,000
UTICA-ROME, NY 1 $325,000 $325,000
TEXARKANA, TX-AR 3 $325,000 $108,333
CHAMBERSBURG-WAYNESBORO, PA 3 $275,000 $91,667
AMES, IA 2 $270,000 $135,000
STATE COLLEGE, PA 2 $270,000 $135,000
CUMBERLAND, MD-WV 2 $260,000 $130,000
VICTORIA, TX 2 $260,000 $130,000
BLOOMINGTON, IL 3 $255,000 $85,000
BLOOMSBURG-BERWICK, PA 3 $255,000 $85,000
ST. JOSEPH, MO-KS 2 $230,000 $115,000
BAY CITY, MI 3 $225,000 $75,000
LA CROSSE-ONALASKA, WI-MN 1 $225,000 $225,000
ALTOONA, PA 1 $215,000 $215,000
MANKATO, MN 1 $215,000 $215,000
BRUNSWICK, GA 2 $210,000 $105,000
BISMARCK, ND 2 $210,000 $105,000
MANSFIELD, OH 2 $200,000 $100,000
WATERLOO-CEDAR FALLS, IA 2 $200,000 $100,000
CHAMPAIGN-URBANA, IL 2 $200,000 $100,000
DALTON, GA 2 $200,000 $100,000
OWENSBORO, KY 1 $195,000 $195,000
GOLDSBORO, NC 1 $165,000 $165,000
ALEXANDRIA, LA 2 $150,000 $75,000
JEFFERSON CITY, MO 1 $145,000 $145,000
KOKOMO, IN 2 $140,000 $70,000
GRAND FORKS, ND-MN 1 $125,000 $125,000
GRAND ISLAND, NE 1 $115,000 $115,000
DANVILLE, IL 2 $70,000 $35,000
SPRINGFIELD, IL 1 $45,000 $45,000
FARMINGTON, NM 1 $45,000 $45,000

Lendors vary in competitiveness at the per market level-- meaning they may have better terms, deals or promotions based on the mortgaged property's location.

Interest Rate & Spreads

Loan Rate Originations Total Value Average Loan
2.5-3% 59 $14,445,000 $244,831
3-4% 6,871 $1,647,755,000 $239,813
4-5% 8,636 $1,749,660,000 $202,601
5-6% 1,537 $282,965,000 $184,102
6-7% 43 $8,435,000 $196,163
Over 8% 433 $134,115,000 $309,734

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 2,464 $176,590,000 $71,668
$100k-200k 6,595 $993,515,000 $150,647
$200k-400k 7,092 $1,961,490,000 $276,578
$400k-600k 1,240 $577,600,000 $465,806
$600k-1000k 187 $126,905,000 $678,636
$Over $1MM 1 $1,275,000 $1,275,000

Different banks have different objectives. Some banks focus solely on high net worth individuals. Others focus on FHA loans for lower income applicants. Knowing what a bank specializes in allows better optimization given the applicant's financial situation.

LTV Distribution

Loan to Value Originations Total Value Average Loan
20-40% 949 $121,765,000 $128,309
40-60% 2,854 $510,200,000 $178,767
60-80% 6,474 $1,369,490,000 $211,537
80-100% 6,987 $1,766,505,000 $252,827
Over 100% 170 $54,140,000 $318,471
Under 20% 133 $13,375,000 $100,564

LTV, or loan-to-value, is the amount loaned relative to a home's value. Lower LTV lending implies a larger downpayment-- reducing risk to the lendor. FHA loans will nearly always have a higher LTV due to the lower downpayment requirements. Higher LTVs may also mean a bank is charging higher fees or interest rates to compensate for their risk exposure.

Applicant Income

Applicant Income Originations Total Value Average Loan
$100k-150k 2,740 $745,250,000 $271,989
$150k-250k 1,351 $428,715,000 $317,332
$50k-75k 3,270 $582,730,000 $178,205
$50k-or less 7,040 $1,284,860,000 $182,509
$75k-100k 2,463 $550,755,000 $223,611
$Over $250k 271 $90,125,000 $332,565

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 12,554 $2,711,220,000 $215,965
Not provided 2,340 $553,960,000 $236,735
Black 1,791 $344,995,000 $192,627
Asian 582 $157,740,000 $271,031
American Indian 203 $39,855,000 $196,330
Native Hawaiian 49 $14,065,000 $287,041
Filipino 23 $6,505,000 $282,826
Asian Indian 12 $3,320,000 $276,667
Other Pacific Islander 8 $1,930,000 $241,250
Vietnamese 5 $1,085,000 $217,000
Other Asian 3 $965,000 $321,667
Chinese 4 $690,000 $172,500
2 $410,000 $205,000
Korean 2 $380,000 $190,000
Samoan 1 $255,000 $255,000

Approval Rates

Total approvals of all applications
80.40%

A high approval rate means banks are more selective in who they market to or that they are loosey-goosey with who they lend to. Low approval rates may mean a lendor is more stringent in their lending standards.

Pick Rate

Approvals leading to origination
3.39%

A bank's pick rate is how often they are chosen by an applicant once approved. A high pick rate typically means the bank has some sort of advantage-- either the best terms (rates/fees), fastest closing time or even the best customer service. Banks with <75% pick rate may need further investigation as to why they are not more competitive.

Points and Fees

Points Originations Total Value Average Loan
NA 17,579 $3,837,375,000 $218,293

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 7,488 $1,853,250,000 $247,496
$1k-2k 4,664 $819,450,000 $175,697
$2k-3k 2,843 $511,195,000 $179,808
$3k-4k 1,828 $400,310,000 $218,988
$5k+ 744 $251,270,000 $337,728

Banks make money on their float/interest spread (fees charged to borrowers vs fees they pay for their capital), for servicing loans, as well as charging origination fees when a loan is disbursed. Modern low-cost efficient lendors can have fees totaling less than $500 for many mortgages-- as low as $250 in some cases. Average lendors will be in the $1k-2k range and high cost lendors will be even more. The costs incurred by the bank will be similar no matter the loan amount, so this is to be viewed as a profit center for most banks.

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 407 $53,435,000 $131,290
Single Family (1-4 Units):Site-Built 17,172 $3,783,940,000 $220,355