The Mortgage Firm Rates, Fees & Info

LOXAHATCHEE, FL

LEI: 5493007CXTOHZ2JBEJ61

Tax ID: 59-3345547

4 stars - out of 5 stars, based on 116 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

The Mortgage Firm is a mid-sized mortgage company specializing in Home Purchase loans. The Mortgage Firm 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 Miami, Orlando, Tampa, Palm Bay, and Atlanta among others. The Mortgage Firm 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. The Mortgage Firm is typically an average fee lendor.


Originations

13,500

Origination Dollar Volume (All Markets)

$3,659,410,000

Awards

THE MORTGAGE FIRM  30 Year Conventional Loans bronze THE MORTGAGE FIRM  USDA Loans gold THE MORTGAGE FIRM  30 Year Conventional Loans bronze THE MORTGAGE FIRM  30 Year Conventional Loans bronze
Show all (4) awards

Relative Rate

The Mortgage Firm 's average 30 year fixed rate mortgage of loans were 3.23%.

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

This yields a difference of 0.08%.

Relative Fees

The Mortgage Firm 's average total fees for a 30 year fixed rate mortgage are $5,519.

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
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1,547 $545,965,000 $352,919 $5,790 3.13%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1,927 $515,595,000 $267,564 $5,173 3.13%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1,498 $397,290,000 $265,214 $5,444 3.25%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1,414 $386,600,000 $273,409 $5,545 3.14%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 988 $292,540,000 $296,093 $5,644 3.36%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1,190 $255,530,000 $214,731 $5,613 3.20%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 789 $177,965,000 $225,558 $4,821 3.19%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 572 $145,300,000 $254,021 $5,356 3.14%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 471 $123,425,000 $262,049 $5,235 3.22%
PORT ST. LUCIE, FL (FHA|USDA|VA) 290 $86,990,000 $299,966 $5,357 3.17%
RALEIGH-CARY, NC (FHA|USDA|VA) 218 $57,130,000 $262,064 $4,317 3.06%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 201 $56,835,000 $282,761 $6,204 3.23%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 174 $52,310,000 $300,632 $6,061 3.17%
GAINESVILLE, FL (FHA|USDA|VA) 187 $42,775,000 $228,743 $5,275 3.24%
PUNTA GORDA, FL (FHA|USDA|VA) 164 $41,820,000 $255,000 $5,330 3.28%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 99 $30,935,000 $312,475 $6,116 2.98%
JACKSONVILLE, FL (FHA|USDA|VA) 92 $29,440,000 $320,000 $5,627 3.19%
OCALA, FL (FHA|USDA|VA) 136 $29,130,000 $214,191 $5,454 3.21%
Outside of Metro Areas 111 $26,605,000 $239,685 $4,730 3.26%
WILMINGTON, NC (FHA|USDA|VA) 74 $21,430,000 $289,595 $4,272 3.23%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 70 $20,880,000 $298,286 $4,391 3.30%
THE VILLAGES, FL (FHA|USDA|VA) 92 $20,270,000 $220,326 $4,513 3.22%
Calhoun, GA (FHA|USDA|VA) 85 $17,385,000 $204,529 $4,455 3.31%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 51 $15,135,000 $296,765 $5,283 3.02%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 27 $14,845,000 $549,815 $6,774 3.10%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 49 $14,115,000 $288,061 $5,204 3.07%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 53 $13,455,000 $253,868 $4,710 3.30%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 38 $11,470,000 $301,842 $7,634 3.35%
GAINESVILLE, GA (FHA|USDA|VA) 43 $11,445,000 $266,163 $5,329 3.25%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 46 $11,430,000 $248,478 $5,722 3.29%
LAKE CHARLES, LA (FHA|USDA|VA) 57 $10,785,000 $189,211 $4,971 3.06%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 48 $10,750,000 $223,958 $5,257 3.33%
ROME, GA (FHA|USDA|VA) 46 $9,170,000 $199,348 $4,112 3.30%
Key West, FL (FHA|USDA|VA) 16 $7,500,000 $468,750 $8,371 3.16%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 19 $6,985,000 $367,632 $4,197 3.23%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 30 $6,700,000 $223,333 $4,476 3.24%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 22 $6,340,000 $288,182 $5,057 3.26%
BATON ROUGE, LA (FHA|USDA|VA) 25 $6,115,000 $244,600 $4,411 3.03%
FAYETTEVILLE, NC (FHA|USDA|VA) 28 $5,900,000 $210,714 $5,472 3.17%
TALLAHASSEE, FL (FHA|USDA|VA) 22 $5,280,000 $240,000 $5,117 3.18%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 23 $4,995,000 $217,174 $6,450 3.22%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 17 $4,975,000 $292,647 $3,904 2.91%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 25 $4,465,000 $178,600 $6,025 3.15%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 11 $4,405,000 $400,455 $5,939 3.12%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 13 $4,035,000 $310,385 $5,501 3.02%
MOBILE, AL (FHA|USDA|VA) 23 $3,835,000 $166,739 $4,787 3.29%
Jefferson, GA (FHA|USDA|VA) 14 $3,130,000 $223,571 $5,467 3.07%
WARNER ROBINS, GA (FHA|USDA|VA) 15 $2,985,000 $199,000 $6,237 3.32%
Arcadia, FL (FHA|USDA|VA) 11 $2,715,000 $246,818 $6,077 3.24%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 5 $2,605,000 $521,000 $6,312 2.95%
Cedartown, GA (FHA|USDA|VA) 12 $2,550,000 $212,500 $4,281 3.10%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 9 $2,375,000 $263,889 $3,645 3.01%
PANAMA CITY, FL (FHA|USDA|VA) 12 $2,360,000 $196,667 $5,645 3.42%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 9 $2,315,000 $257,222 $4,565 3.15%
Lake City, FL (FHA|USDA|VA) 9 $2,295,000 $255,000 $5,849 3.54%
ASHEVILLE, NC (FHA|USDA|VA) 9 $2,255,000 $250,556 $5,112 3.22%
Toccoa, GA (FHA|USDA|VA) 15 $2,225,000 $148,333 $4,881 2.96%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 8 $2,120,000 $265,000 $5,487 3.91%
Forest City, NC (FHA|USDA|VA) 5 $2,055,000 $411,000 $5,180 3.43%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 5 $2,015,000 $403,000 $5,832 2.80%
BRUNSWICK, GA (FHA|USDA|VA) 6 $2,010,000 $335,000 $7,239 3.10%
SAVANNAH, GA (FHA|USDA|VA) 8 $1,990,000 $248,750 $4,809 3.51%
Vidalia, GA (FHA|USDA|VA) 8 $1,970,000 $246,250 $7,891 2.95%
JACKSONVILLE, NC (FHA|USDA|VA) 6 $1,630,000 $271,667 $4,727 3.29%
COLUMBIA, SC (FHA|USDA|VA) 8 $1,540,000 $192,500 $4,702 3.23%
Cornelia, GA (FHA|USDA|VA) 6 $1,490,000 $248,333 $4,338 3.53%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $1,415,000 $471,667 $5,370 3.42%
Wauchula, FL (FHA|USDA|VA) 8 $1,400,000 $175,000 $4,930 3.22%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 4 $1,360,000 $340,000 $4,240 3.31%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 5 $1,345,000 $269,000 $3,884 3.20%
Milledgeville, GA (FHA|USDA|VA) 5 $1,295,000 $259,000 $4,478 3.03%
GOLDSBORO, NC (FHA|USDA|VA) 6 $1,260,000 $210,000 $6,081 3.04%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 5 $1,255,000 $251,000 $3,613 3.25%
Morehead City, NC (FHA|USDA|VA) 5 $1,225,000 $245,000 $3,715 3.23%
ROCKY MOUNT, NC (FHA|USDA|VA) 5 $1,175,000 $235,000 $6,579 3.08%
RICHMOND, VA (FHA|USDA|VA) 2 $1,050,000 $525,000 $5,942 2.87%
DALTON, GA (FHA|USDA|VA) 6 $990,000 $165,000 $4,503 3.19%
Cullowhee, NC (FHA|USDA|VA) 3 $975,000 $325,000 $4,163 3.50%
Okeechobee, FL (FHA|USDA|VA) 5 $935,000 $187,000 $6,746 3.30%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $930,000 $232,500 $6,611 3.34%
Lewisburg, TN (FHA|USDA|VA) 3 $905,000 $301,667 $4,388 3.33%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $875,000 $291,667 $1,932 2.91%
BURLINGTON, NC (FHA|USDA|VA) 3 $865,000 $288,333 $6,809 3.08%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $850,000 $425,000 $3,104 3.81%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 5 $835,000 $167,000 $5,073 3.13%
HUNTSVILLE, AL (FHA|USDA|VA) 3 $785,000 $261,667 $3,748 3.13%
Sanford, NC (FHA|USDA|VA) 4 $780,000 $195,000 $6,610 3.15%
Thomaston, GA (FHA|USDA|VA) 4 $730,000 $182,500 $5,789 3.41%
Georgetown, SC (FHA|USDA|VA) 2 $710,000 $355,000 $4,065 3.56%
WINSTON-SALEM, NC (FHA|USDA|VA) 3 $705,000 $235,000 $3,072 3.08%
Shelbyville, TN (FHA|USDA|VA) 4 $700,000 $175,000 $4,258 3.40%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 4 $690,000 $172,500 $4,526 2.88%
Easton, MD (FHA|USDA|VA) 2 $670,000 $335,000 $4,790 3.00%
Atmore, AL (FHA|USDA|VA) 3 $615,000 $205,000 $8,241 2.92%
MORRISTOWN, TN (FHA|USDA|VA) 2 $590,000 $295,000 $3,528 2.94%
Brevard, NC (FHA|USDA|VA) 2 $560,000 $280,000 $5,668 2.93%
LONGVIEW, TX (FHA|USDA|VA) 1 $545,000 $545,000 $6,653 2.63%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $545,000 $545,000 $3,952 3.25%
Tullahoma-Manchester, TN (FHA|USDA|VA) 2 $510,000 $255,000 $8,494 3.25%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $490,000 $245,000 $3,782 3.38%
Wilson, NC (FHA|USDA|VA) 2 $490,000 $245,000 $3,297 3.16%
Orangeburg, SC (FHA|USDA|VA) 2 $460,000 $230,000 $3,928 3.19%
SUMTER, SC (FHA|USDA|VA) 2 $460,000 $230,000 $4,850 3.13%
Rockingham, NC (FHA|USDA|VA) 2 $460,000 $230,000 $5,505 3.31%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 2 $460,000 $230,000 $2,818 2.88%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $460,000 $230,000 $4,906 3.56%
Washington, NC (FHA|USDA|VA) 1 $415,000 $415,000 $4,887 2.50%
Enterprise, AL (FHA|USDA|VA) 1 $395,000 $395,000 $8,601 2.75%
VALDOSTA, GA (FHA|USDA|VA) 2 $390,000 $195,000 $4,636 3.31%
Jennings, LA (FHA|USDA|VA) 2 $390,000 $195,000 $4,549 2.94%
FORT COLLINS, CO (FHA|USDA|VA) 1 $375,000 $375,000 $2,760 3.12%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $375,000 $375,000 $3,938 3.13%
COLUMBUS, GA-AL (FHA|USDA|VA) 4 $360,000 $90,000 $3,578 3.44%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $355,000 $355,000 $4,146 2.25%
Moultrie, GA (FHA|USDA|VA) 1 $345,000 $345,000 $6,328 2.25%
Sevierville, TN (FHA|USDA|VA) 1 $345,000 $345,000 $4,899 3.38%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $345,000 $345,000 $2,537 2.63%
GREENVILLE, NC (FHA|USDA|VA) 2 $330,000 $165,000 $2,858 3.06%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $315,000 $315,000 $8,204 2.88%
Clewiston, FL (FHA|USDA|VA) 1 $295,000 $295,000 $9,581 3.00%
Mount Pleasant, TX (FHA|USDA|VA) 1 $295,000 $295,000 $3,453 3.63%
Cullman, AL (FHA|USDA|VA) 1 $285,000 $285,000 $5,439 2.88%
Lumberton, NC (FHA|USDA|VA) 2 $280,000 $140,000 $5,167 2.81%
Dublin, GA (FHA|USDA|VA) 1 $275,000 $275,000 $7,917 3.13%
LAFAYETTE, LA (FHA|USDA|VA) 1 $265,000 $265,000 $6,949 2.63%
KNOXVILLE, TN (FHA|USDA|VA) 2 $260,000 $130,000 $4,927 3.50%
Montrose, CO (FHA|USDA|VA) 1 $255,000 $255,000 $3,086 3.00%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $255,000 $255,000 $3,424 3.00%
Athens, TN (FHA|USDA|VA) 1 $255,000 $255,000 $4,079 3.50%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $245,000 $245,000 $4,682 3.63%
ALBANY, GA (FHA|USDA|VA) 1 $245,000 $245,000 $4,091 3.13%
Fredericksburg, TX (FHA|USDA|VA) 1 $245,000 $245,000 $12,315 3.63%
WACO, TX (FHA|USDA|VA) 1 $245,000 $245,000 $4,382 3.13%
JONESBORO, AR (FHA|USDA|VA) 1 $235,000 $235,000 $3,046 2.63%
Martin, TN (FHA|USDA|VA) 1 $225,000 $225,000 $4,603 3.25%
Waycross, GA (FHA|USDA|VA) 1 $225,000 $225,000 $6,592 3.50%
Greeneville, TN (FHA|USDA|VA) 1 $225,000 $225,000 $3,007 3.25%
Granbury, TX (FHA|USDA|VA) 1 $215,000 $215,000 $5,971 2.99%
ROANOKE, VA (FHA|USDA|VA) 1 $215,000 $215,000 $2,754 3.50%
Greenwood, SC (FHA|USDA|VA) 1 $205,000 $205,000 $4,106 3.25%
Elizabeth City, NC (FHA|USDA|VA) 1 $205,000 $205,000 $2,376 2.88%
DeRidder, LA (FHA|USDA|VA) 1 $205,000 $205,000 $3,866 3.75%
GADSDEN, AL (FHA|USDA|VA) 1 $195,000 $195,000 $5,708 2.88%
Lawrenceburg, TN (FHA|USDA|VA) 1 $165,000 $165,000 $6,771 2.88%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $165,000 $165,000 $3,756 2.88%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $155,000 $155,000 $3,889 3.25%
Brownwood, TX (FHA|USDA|VA) 1 $155,000 $155,000 $3,762 3.00%
Opelousas, LA (FHA|USDA|VA) 1 $155,000 $155,000 $3,916 3.13%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $155,000 $155,000 $3,431 3.30%
Palatka, FL (FHA|USDA|VA) 1 $155,000 $155,000 $7,833 2.50%
Tifton, GA (FHA|USDA|VA) 1 $145,000 $145,000 $4,194 3.13%
MONTGOMERY, AL (FHA|USDA|VA) 1 $135,000 $135,000 $2,606 3.63%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $125,000 $125,000 $4,848 3.25%
VICTORIA, TX (FHA|USDA|VA) 1 $125,000 $125,000 $4,871 3.13%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $125,000 $125,000 $3,385 3.25%
LaGrange, GA-AL (FHA|USDA|VA) 1 $125,000 $125,000 $5,877 3.25%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $115,000 $115,000 $2,395 2.88%
Fort Polk South, LA (FHA|USDA|VA) 1 $105,000 $105,000 $5,303 3.00%
EL PASO, TX (FHA|USDA|VA) 1 $105,000 $105,000 $2,519 2.50%
Picayune, MS (FHA|USDA|VA) 1 $95,000 $95,000 $5,199 2.25%
Murray, KY (FHA|USDA|VA) 1 $85,000 $85,000 $4,300 3.00%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $65,000 $65,000 $3,537 3.25%
COLUMBUS, OH (FHA|USDA|VA) 1 $65,000 $65,000 $472 2.75%
Kinston, NC (FHA|USDA|VA) 1 $45,000 $45,000 $3,327 3.25%

The Mortgage Firm 's top markets include Miami, Orlando, Tampa, Palm Bay, and Atlanta among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 10,422 $2,859,750,000 $274,396 $4,611 3.21%
FHA 1,934 $455,920,000 $235,739 $8,516 3.20%
VA 965 $305,235,000 $316,306 $7,475 2.92%
USDA 179 $38,505,000 $215,112 $5,851 3.03%

For the 2021 period, The Mortgage Firm 's most frequently originated loan type of loans were Conventional, with 10,422 originations. Their 2nd most popular type is FHA, with 1,934 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 9,355 $2,596,275,000 $277,528 $5,817 3.23%
Refi 2,341 $597,655,000 $255,299 $4,032 2.97%
Cash Out Refi 1,800 $464,000,000 $257,778 $4,981 3.27%
Other 4 $1,480,000 $370,000 $8,572 3.75%

For the 2021, The Mortgage Firm 's most frequently cited loan purpose of loans were Home Purchase, with 9,355 originations. The 2nd most popular reason of loans were Refi, with 2,341 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 12,324 $3,375,170,000 $273,870 $5,519 3.23%
15 Year 834 $193,980,000 $232,590 $4,008 2.62%
20 Year 183 $46,185,000 $252,377 $3,927 2.98%
Other 73 $18,695,000 $256,096 $4,339 3.21%
30+ year 55 $22,505,000 $409,182 $8,781 4.05%
10 Year 31 $2,875,000 $92,742 $2,218 2.83%

For the 2021, The Mortgage Firm 's most frequently cited loan length of loans were 30 Year, with 12,324 originations. The 2nd most popular length of loans were 15 Year, with 834 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 9,151 $2,438,845,000 $266,511
$2k-3k 1,647 $435,285,000 $264,290
$<1k 1,189 $293,765,000 $247,069
$3k-4k 1,083 $314,565,000 $290,457
$5k+ 428 $174,150,000 $406,893

$5,519 of loans were The Mortgage Firm 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 9,151 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 7,939 $2,115,415,000 $266,459
2.5-3% 4,322 $1,231,280,000 $284,887
<2.5% 844 $217,250,000 $257,405
4-5% 342 $82,900,000 $242,398
7-8% 19 $4,615,000 $242,895
6-7% 16 $3,930,000 $245,625
5-6% 13 $2,715,000 $208,846
Over 8% 5 $1,305,000 $261,000

During 2021, The Mortgage Firm 's average interest rate of loans were 3.23%, while their most frequently originated rate bucket of loans were 3-4%, with 7,939 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 7,100 $1,973,980,000 $278,025 $5,697 3.19%
$100k-200k 3,957 $620,595,000 $156,835 $4,381 3.23%
$400k-600k 1,588 $761,010,000 $479,225 $6,513 3.17%
$100,000 or less 547 $41,105,000 $75,146 $3,214 3.00%
$600k-1MM 246 $178,710,000 $726,463 $9,070 3.12%
$1MM+ 62 $84,010,000 $1,355,000 $12,165 3.08%

2021 saw The Mortgage Firm place emphasis on $200k-400k loans with 7,100 originations, totaling $1,973,980,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 3,513 $782,915,000 $222,862 $5,404 3.20%
$100k-150k 2,742 $836,730,000 $305,153 $5,485 3.20%
$50k or less 2,483 $419,095,000 $168,786 $4,822 3.16%
$75k-100k 2,377 $629,415,000 $264,794 $5,383 3.21%
$150k-250k 1,624 $602,700,000 $371,121 $5,592 3.18%
$250k+ 761 $388,555,000 $510,585 $6,508 3.16%

The Mortgage Firm lent most frequently to those with incomes in the $50k-75k range, with 3,513 originations. The second most popular income band? $100k-150k, with 2,742 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 2,377 $639,375,000 $268,984 $5,109 3.21%
20-30% 2,368 $648,070,000 $273,678 $4,849 3.13%
50-60% 895 $231,255,000 $258,385 $8,236 3.16%
<20% 784 $219,140,000 $279,515 $4,619 3.04%
44% 628 $173,180,000 $275,764 $5,390 3.26%
43% 552 $151,910,000 $275,199 $5,457 3.24%
41% 551 $148,095,000 $268,775 $5,081 3.20%
42% 548 $157,410,000 $287,245 $5,594 3.26%
38% 519 $138,095,000 $266,079 $5,087 3.23%
40% 510 $138,150,000 $270,882 $5,408 3.25%
37% 506 $137,600,000 $271,937 $5,329 3.22%
39% 494 $139,130,000 $281,640 $5,272 3.23%
49% 478 $124,910,000 $261,318 $5,697 3.21%
45% 457 $118,045,000 $258,304 $5,374 3.25%
36% 439 $124,295,000 $283,132 $5,121 3.20%
46% 427 $114,505,000 $268,162 $5,779 3.23%
48% 414 $108,100,000 $261,111 $5,424 3.24%
47% 414 $107,410,000 $259,444 $5,815 3.23%
>60% 40 $14,550,000 $363,750 $7,794 2.96%

The Mortgage Firm lent most frequently to those with DTI ratios of 30-36%, with 2,377 originations. The next most common DTI ratio? 20-30%, with 2,368 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 11,184 $3,057,420,000 $273,374 $5,332 3.19%
Not provided 1,241 $322,325,000 $259,730 $5,602 3.23%
Black 724 $180,760,000 $249,669 $6,108 3.18%
Asian 234 $67,600,000 $288,889 $4,976 3.19%
American Indian 53 $12,425,000 $234,434 $5,262 3.32%
Native Hawaiian 20 $5,810,000 $290,500 $5,911 3.06%
Asian Indian 12 $4,080,000 $340,000 $5,591 3.20%
Other Asian 12 $3,560,000 $296,667 $6,603 3.51%
Not applicable 12 $3,110,000 $259,167 $4,773 2.99%
Filipino 4 $1,310,000 $327,500 $5,747 3.19%
Other Pacific Islander 3 $735,000 $245,000 $5,520 3.38%
Japanese 1 $275,000 $275,000 $9,149 3.85%

Approval Rates

Total approvals of all applications
98.11%

The Mortgage Firm 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
79.65%

The Mortgage Firm has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 13,500 $3,659,410,000 $271,067

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
13,500 $3,659,410,000 $271,067

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 397 $67,855,000 $170,919 $3,763 2.92%
40-60% 1,498 $350,460,000 $233,952 $4,139 3.03%
60-80% 4,542 $1,270,950,000 $279,822 $4,849 3.27%
80-100% 6,734 $1,882,900,000 $279,611 $5,948 3.21%
Over 100% 206 $68,180,000 $330,971 $13,463 3.02%
Under 20% 66 $3,420,000 $51,818 $1,218 1.59%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
THE MORTGAGE EXPERTS LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%