Loandepot Llc

Foothill Ranch, CA 92610

LEI: 549300AG64NHILB7ZP05

Tax ID: 26-4599244

2019 Data *Active* | 2018 Data


Overview

Loandepot Llc is a large mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Loandepot 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 Los Angeles, New York, San Diego, Phoenix, and Riverside 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. Loandepot Llc is typically a medium-low/ fee lendor.


Originations

149,321

Origination Dollar Volume (All Markets)

$44,869,985,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 102,100 $32,494,610,000 $318,263
FHA 25,472 $6,110,840,000 $239,904
VA 21,044 $6,143,360,000 $291,929
USDA 705 $121,175,000 $171,879

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 58,343 $18,203,825,000 $312,014
Home Improvement 10 $2,780,000 $278,000
Other 2,979 $510,125,000 $171,240
Refi 41,410 $13,932,880,000 $336,462
Cash Out Refi 46,579 $12,220,375,000 $262,358

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
LOS ANGELES-LONG BEACH-GLENDALE, CA 5,618 $2,652,880,000 $472,211
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 4,744 $2,169,280,000 $457,268
Outside of Metro Areas 10,153 $1,948,035,000 $191,868
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 3,832 $1,870,870,000 $488,223
PHOENIX-MESA-CHANDLER, AZ 6,902 $1,830,080,000 $265,152
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 5,269 $1,787,055,000 $339,164
ANAHEIM-SANTA ANA-IRVINE, CA 2,847 $1,482,425,000 $520,697
CHICAGO-NAPERVILLE-EVANSTON, IL 5,337 $1,410,245,000 $264,239
OAKLAND-BERKELEY-LIVERMORE, CA 2,395 $1,272,865,000 $531,468
SEATTLE-BELLEVUE-KENT, WA 2,643 $1,181,295,000 $446,952
DENVER-AURORA-LAKEWOOD, CO 3,080 $1,105,400,000 $358,896
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 2,532 $978,170,000 $386,323
SACRAMENTO-ROSEVILLE-FOLSOM, CA 2,479 $881,215,000 $355,472
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 3,419 $824,725,000 $241,218
LAS VEGAS-HENDERSON-PARADISE, NV 2,804 $794,010,000 $283,170
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 3,224 $790,020,000 $245,043
NASSAU COUNTY-SUFFOLK COUNTY, NY 1,681 $645,645,000 $384,084
DALLAS-PLANO-IRVING, TX 2,212 $599,100,000 $270,841
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 878 $525,520,000 $598,542
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 1,845 $511,145,000 $277,043
URBAN HONOLULU, HI 926 $483,760,000 $522,419
BOSTON, MA 1,282 $482,500,000 $376,365
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 659 $440,105,000 $667,838
NEWARK, NJ-PA 1,251 $439,635,000 $351,427
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 1,384 $430,110,000 $310,773
CHARLOTTE-CONCORD-GASTONIA, NC-SC 1,731 $416,245,000 $240,465
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 956 $384,440,000 $402,134
NEW BRUNSWICK-LAKEWOOD, NJ 1,192 $376,470,000 $315,831
STOCKTON, CA 1,093 $375,185,000 $343,262
SAN ANTONIO-NEW BRAUNFELS, TX 1,514 $371,600,000 $245,443
ORLANDO-KISSIMMEE-SANFORD, FL 1,416 $365,200,000 $257,910
AUSTIN-ROUND ROCK-GEORGETOWN, TX 1,390 $356,510,000 $256,482
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 1,371 $349,365,000 $254,825
OXNARD-THOUSAND OAKS-VENTURA, CA 693 $322,495,000 $465,361
TAMPA-ST. PETERSBURG-CLEARWATER, FL 1,373 $305,235,000 $222,312
BRIDGEPORT-STAMFORD-NORWALK, CT 665 $249,855,000 $375,722
COLORADO SPRINGS, CO 807 $244,455,000 $302,918
TUCSON, AZ 1,087 $240,755,000 $221,486
VALLEJO, CA 578 $237,360,000 $410,657
MIAMI-MIAMI BEACH-KENDALL, FL 810 $234,930,000 $290,037
TACOMA-LAKEWOOD, WA 732 $234,420,000 $320,246
BALTIMORE-COLUMBIA-TOWSON, MD 730 $215,780,000 $295,589
SANTA ROSA-PETALUMA, CA 461 $214,335,000 $464,935
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 708 $206,380,000 $291,497
FORT WORTH-ARLINGTON-GRAPEVINE, TX 895 $202,065,000 $225,771
BAKERSFIELD, CA 868 $195,680,000 $225,438
JACKSONVILLE, FL 842 $193,200,000 $229,454
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 734 $189,670,000 $258,406
ALBUQUERQUE, NM 923 $186,955,000 $202,551
NORTH PORT-SARASOTA-BRADENTON, FL 701 $183,115,000 $261,220
RALEIGH-CARY, NC 687 $178,375,000 $259,643
SALT LAKE CITY, UT 609 $174,305,000 $286,215
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 607 $172,685,000 $284,489
PHILADELPHIA, PA 682 $170,480,000 $249,971
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 455 $169,155,000 $371,769
LAKE COUNTY-KENOSHA COUNTY, IL-WI 608 $168,460,000 $277,072
PALM BAY-MELBOURNE-TITUSVILLE, FL 726 $161,550,000 $222,521
INDIANAPOLIS-CARMEL-ANDERSON, IN 802 $157,930,000 $196,920
GREELEY, CO 477 $155,875,000 $326,782
WARREN-TROY-FARMINGTON HILLS, MI 719 $149,655,000 $208,143
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 586 $147,020,000 $250,887
RENO, NV 485 $144,635,000 $298,216
FORT COLLINS, CO 429 $139,915,000 $326,142
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 484 $139,570,000 $288,368
BOULDER, CO 324 $136,170,000 $420,278
PROVIDENCE-WARWICK, RI-MA 503 $133,195,000 $264,801
SANTA MARIA-SANTA BARBARA, CA 314 $123,780,000 $394,204
FRESNO, CA 419 $116,635,000 $278,365
SAN RAFAEL, CA 172 $116,390,000 $676,686
MODESTO, CA 415 $116,285,000 $280,205
WORCESTER, MA-CT 459 $115,965,000 $252,647
CAPE CORAL-FORT MYERS, FL 548 $115,830,000 $211,369
HUNTSVILLE, AL 578 $114,680,000 $198,408
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 368 $112,070,000 $304,538
BEND, OR 381 $111,715,000 $293,215
KANSAS CITY, MO-KS 574 $111,650,000 $194,512
RICHMOND, VA 467 $111,615,000 $239,004
ELGIN, IL 535 $109,685,000 $205,019
BIRMINGHAM-HOOVER, AL 517 $104,935,000 $202,969
ST. LOUIS, MO-IL 519 $103,135,000 $198,719
KAHULUI-WAILUKU-LAHAINA, HI 205 $99,055,000 $483,195
OGDEN-CLEARFIELD, UT 384 $98,870,000 $257,474
BOISE CITY, ID 390 $95,630,000 $245,205
GREENVILLE-ANDERSON, SC 408 $94,070,000 $230,564
OKLAHOMA CITY, OK 502 $93,720,000 $186,693
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 405 $90,875,000 $224,383
BREMERTON-SILVERDALE-PORT ORCHARD, WA 281 $89,845,000 $319,733
CINCINNATI, OH-KY-IN 472 $88,540,000 $187,585
COLUMBUS, OH 455 $88,505,000 $194,516
OLYMPIA-LACEY-TUMWATER, WA 282 $86,480,000 $306,667
PROVO-OREM, UT 295 $84,715,000 $287,169
EUGENE-SPRINGFIELD, OR 322 $84,200,000 $261,491
NEW ORLEANS-METAIRIE, LA 444 $82,190,000 $185,113
NEW HAVEN-MILFORD, CT 348 $81,500,000 $234,195
CHARLESTON-NORTH CHARLESTON, SC 318 $78,980,000 $248,365
PITTSBURGH, PA 423 $77,555,000 $183,345
SALINAS, CA 170 $72,460,000 $426,235
CLEVELAND-ELYRIA, OH 427 $70,915,000 $166,077
LAKE HAVASU CITY-KINGMAN, AZ 320 $70,720,000 $221,000
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 365 $70,415,000 $192,918
MILWAUKEE-WAUKESHA, WI 322 $69,530,000 $215,932
SAN LUIS OBISPO-PASO ROBLES, CA 162 $68,990,000 $425,864
SANTA CRUZ-WATSONVILLE, CA 124 $68,130,000 $549,435
LAKELAND-WINTER HAVEN, FL 342 $65,890,000 $192,661
PORTLAND-SOUTH PORTLAND, ME 266 $63,910,000 $240,263
MEMPHIS, TN-MS-AR 318 $62,430,000 $196,321
CAMDEN, NJ 284 $60,870,000 $214,331
BARNSTABLE TOWN, MA 208 $60,340,000 $290,096
GARY, IN 317 $58,955,000 $185,978
DETROIT-DEARBORN-LIVONIA, MI 323 $57,425,000 $177,786
SALEM, OR 238 $56,160,000 $235,966
BATON ROUGE, LA 266 $53,990,000 $202,970
KNOXVILLE, TN 255 $53,575,000 $210,098
DURHAM-CHAPEL HILL, NC 203 $53,215,000 $262,143
SPOKANE-SPOKANE VALLEY, WA 224 $50,980,000 $227,589
PORT ST. LUCIE, FL 236 $50,630,000 $214,534
MANCHESTER-NASHUA, NH 188 $49,400,000 $262,766
WILMINGTON, DE-MD-NJ 203 $46,625,000 $229,680
PRESCOTT VALLEY-PRESCOTT, AZ 179 $44,965,000 $251,201
COLUMBIA, SC 242 $44,790,000 $185,083
DAYTON-KETTERING, OH 280 $44,710,000 $159,679
SAVANNAH, GA 222 $43,450,000 $195,721
NAPLES-MARCO ISLAND, FL 133 $42,255,000 $317,707
LYNCHBURG, VA 227 $41,655,000 $183,502
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 212 $40,790,000 $192,406
PUEBLO, CO 208 $39,910,000 $191,875
HARRISBURG-CARLISLE, PA 207 $39,245,000 $189,589
NAPA, CA 84 $38,250,000 $455,357
SALISBURY, MD-DE 160 $37,980,000 $237,375
HILTON HEAD ISLAND-BLUFFTON, SC 146 $37,620,000 $257,671
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 174 $37,510,000 $215,575
PENSACOLA-FERRY PASS-BRENT, FL 192 $37,480,000 $195,208
ALBANY-LEBANON, OR 167 $37,155,000 $222,485
LANCASTER, PA 178 $37,060,000 $208,202
MEDFORD, OR 148 $36,970,000 $249,797
LOUISVILLE/JEFFERSON COUNTY, KY-IN 194 $36,660,000 $188,969
HUNTINGTON-ASHLAND, WV-KY-OH 219 $36,605,000 $167,146
VISALIA, CA 161 $36,025,000 $223,758
TRENTON-PRINCETON, NJ 112 $35,550,000 $317,411
OMAHA-COUNCIL BLUFFS, NE-IA 179 $35,195,000 $196,620
KENNEWICK-RICHLAND, WA 133 $35,095,000 $263,872
TALLAHASSEE, FL 173 $34,675,000 $200,434
CHICO, CA 130 $34,550,000 $265,769
ANCHORAGE, AK 127 $34,495,000 $271,614
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 140 $33,990,000 $242,786
MERCED, CA 125 $33,725,000 $269,800
EL PASO, TX 213 $33,605,000 $157,770
ASHEVILLE, NC 145 $33,025,000 $227,759
GRAND RAPIDS-KENTWOOD, MI 174 $32,690,000 $187,874
PUNTA GORDA, FL 165 $31,495,000 $190,879
MOUNT VERNON-ANACORTES, WA 106 $31,300,000 $295,283
ST. GEORGE, UT 106 $30,900,000 $291,509
SANTA FE, NM 116 $30,880,000 $266,207
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 150 $30,880,000 $205,867
CHATTANOOGA, TN-GA 153 $30,445,000 $198,987
BUFFALO-CHEEKTOWAGA, NY 170 $29,700,000 $174,706
GREENSBORO-HIGH POINT, NC 158 $28,920,000 $183,038
YUMA, AZ 165 $28,255,000 $171,242
AUGUSTA-RICHMOND COUNTY, GA-SC 146 $27,770,000 $190,205
EL CENTRO, CA 126 $26,890,000 $213,413
DES MOINES-WEST DES MOINES, IA 129 $25,935,000 $201,047
SPARTANBURG, SC 116 $25,480,000 $219,655
FAYETTEVILLE, NC 141 $24,955,000 $176,986
CHARLESTON, WV 184 $24,630,000 $133,859
YUBA CITY, CA 89 $24,435,000 $274,551
SPRINGFIELD, MO 141 $24,285,000 $172,234
TULSA, OK 122 $24,000,000 $196,721
ROCHESTER, MN 115 $23,595,000 $205,174
MADISON, WI 96 $23,260,000 $242,292
AKRON, OH 135 $23,115,000 $171,222
BELLINGHAM, WA 76 $23,010,000 $302,763
WINSTON-SALEM, NC 129 $22,865,000 $177,248
YORK-HANOVER, PA 115 $22,655,000 $197,000
OCALA, FL 130 $22,650,000 $174,231
TOLEDO, OH 150 $22,300,000 $148,667
CLARKSVILLE, TN-KY 117 $21,935,000 $187,479
NORWICH-NEW LONDON, CT 98 $21,730,000 $221,735
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 127 $21,705,000 $170,906
COLUMBUS, GA-AL 117 $21,535,000 $184,060
SPRINGFIELD, MA 109 $21,335,000 $195,734
PANAMA CITY, FL 95 $21,235,000 $223,526
ROANOKE, VA 105 $21,215,000 $202,048
COEUR D'ALENE, ID 84 $20,870,000 $248,452
GRANTS PASS, OR 75 $20,025,000 $267,000
ALBANY-SCHENECTADY-TROY, NY 101 $19,675,000 $194,802
MADERA, CA 78 $19,650,000 $251,923
GAINESVILLE, GA 88 $19,610,000 $222,841
READING, PA 116 $19,340,000 $166,724
REDDING, CA 79 $19,195,000 $242,975
LEXINGTON-FAYETTE, KY 98 $19,120,000 $195,102
ANN ARBOR, MI 80 $18,940,000 $236,750
DAPHNE-FAIRHOPE-FOLEY, AL 84 $18,820,000 $224,048
SPRINGFIELD, OH 141 $18,175,000 $128,901
SHREVEPORT-BOSSIER CITY, LA 92 $18,060,000 $196,304
FLAGSTAFF, AZ 62 $17,500,000 $282,258
HAGERSTOWN-MARTINSBURG, MD-WV 95 $17,155,000 $180,579
SCRANTON--WILKES-BARRE, PA 102 $17,110,000 $167,745
SEBASTIAN-VERO BEACH, FL 83 $17,075,000 $205,723
JACKSON, MS 88 $16,720,000 $190,000
LAFAYETTE, LA 98 $16,700,000 $170,408
OCEAN CITY, NJ 49 $16,245,000 $331,531
MANSFIELD, OH 125 $16,105,000 $128,840
WICHITA, KS 102 $16,100,000 $157,843
GRAND JUNCTION, CO 63 $16,055,000 $254,841
COLLEGE STATION-BRYAN, TX 68 $16,000,000 $235,294
HICKORY-LENOIR-MORGANTON, NC 95 $15,995,000 $168,368
CORVALLIS, OR 54 $15,920,000 $294,815
AUBURN-OPELIKA, AL 68 $15,530,000 $228,382
YAKIMA, WA 74 $14,960,000 $202,162
WILMINGTON, NC 71 $14,795,000 $208,380
CHARLOTTESVILLE, VA 51 $14,645,000 $287,157
ROCHESTER, NY 92 $14,510,000 $157,717
LAS CRUCES, NM 77 $14,475,000 $187,987
LONGVIEW, WA 64 $14,140,000 $220,938
MOBILE, AL 81 $14,135,000 $174,506
CANTON-MASSILLON, OH 98 $14,080,000 $143,673
KINGSPORT-BRISTOL, TN-VA 82 $13,910,000 $169,634
WENATCHEE, WA 45 $13,725,000 $305,000
KILLEEN-TEMPLE, TX 75 $13,505,000 $180,067
HOMOSASSA SPRINGS, FL 87 $13,325,000 $153,161
LANSING-EAST LANSING, MI 77 $13,305,000 $172,792
LAKE CHARLES, LA 69 $13,155,000 $190,652
MONTGOMERY, AL 71 $12,695,000 $178,803
WARNER ROBINS, GA 75 $12,555,000 $167,400
CHEYENNE, WY 54 $12,520,000 $231,852
LOGAN, UT-ID 56 $12,520,000 $223,571
GULFPORT-BILOXI, MS 77 $12,025,000 $156,169
IDAHO FALLS, ID 60 $11,650,000 $194,167
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 81 $11,405,000 $140,802
NILES, MI 49 $11,385,000 $232,347
SOUTH BEND-MISHAWAKA, IN-MI 68 $11,330,000 $166,618
LAFAYETTE-WEST LAFAYETTE, IN 68 $11,310,000 $166,324
WACO, TX 58 $11,210,000 $193,276
GAINESVILLE, FL 60 $11,140,000 $185,667
FLINT, MI 66 $10,850,000 $164,394
BILLINGS, MT 56 $10,770,000 $192,321
CALIFORNIA-LEXINGTON PARK, MD 37 $10,585,000 $286,081
KINGSTON, NY 49 $10,555,000 $215,408
FORT WAYNE, IN 63 $10,485,000 $166,429
DULUTH, MN-WI 56 $10,180,000 $181,786
SYRACUSE, NY 67 $10,145,000 $151,418
GREEN BAY, WI 51 $10,105,000 $198,137
TUSCALOOSA, AL 50 $9,860,000 $197,200
WINCHESTER, VA-WV 43 $9,855,000 $229,186
ATHENS-CLARKE COUNTY, GA 46 $9,720,000 $211,304
HATTIESBURG, MS 69 $9,705,000 $140,652
CORPUS CHRISTI, TX 49 $9,695,000 $197,857
LINCOLN, NE 51 $9,685,000 $189,902
DECATUR, AL 62 $9,420,000 $151,935
ROCKFORD, IL 67 $9,385,000 $140,075
THE VILLAGES, FL 42 $9,350,000 $222,619
HOUMA-THIBODAUX, LA 51 $9,215,000 $180,686
TOPEKA, KS 61 $9,075,000 $148,770
EAST STROUDSBURG, PA 53 $9,065,000 $171,038
BROWNSVILLE-HARLINGEN, TX 53 $9,055,000 $170,849
DOVER, DE 46 $8,880,000 $193,043
CARSON CITY, NV 33 $8,805,000 $266,818
MIDLAND, TX 36 $8,470,000 $235,278
ATLANTIC CITY-HAMMONTON, NJ 48 $8,470,000 $176,458
ST. CLOUD, MN 45 $8,405,000 $186,778
FLORENCE, SC 53 $8,275,000 $156,132
RACINE, WI 41 $8,055,000 $196,463
MCALLEN-EDINBURG-MISSION, TX 49 $7,995,000 $163,163
EAU CLAIRE, WI 48 $7,910,000 $164,792
JOHNSON CITY, TN 44 $7,880,000 $179,091
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 56 $7,730,000 $138,036
JACKSONVILLE, NC 44 $7,650,000 $173,864
BURLINGTON-SOUTH BURLINGTON, VT 32 $7,570,000 $236,563
ELKHART-GOSHEN, IN 46 $7,530,000 $163,696
HANFORD-CORCORAN, CA 37 $7,495,000 $202,568
MICHIGAN CITY-LA PORTE, IN 53 $7,455,000 $140,660
AMARILLO, TX 39 $7,345,000 $188,333
EVANSVILLE, IN-KY 40 $7,280,000 $182,000
SIOUX FALLS, SD 32 $7,230,000 $225,938
LEBANON, PA 40 $7,190,000 $179,750
MISSOULA, MT 29 $7,155,000 $246,724
SIERRA VISTA-DOUGLAS, AZ 42 $7,030,000 $167,381
HAMMOND, LA 39 $6,885,000 $176,538
BURLINGTON, NC 42 $6,750,000 $160,714
MORRISTOWN, TN 37 $6,725,000 $181,757
NEW BERN, NC 43 $6,535,000 $151,977
WALLA WALLA, WA 24 $6,400,000 $266,667
SUMTER, SC 45 $6,235,000 $138,556
BANGOR, ME 36 $6,170,000 $171,389
BLOOMINGTON, IN 32 $6,130,000 $191,563
RAPID CITY, SD 31 $6,125,000 $197,581
SAN ANGELO, TX 36 $6,100,000 $169,444
CASPER, WY 29 $6,035,000 $208,103
MONROE, LA 28 $5,970,000 $213,214
PEORIA, IL 36 $5,870,000 $163,056
FORT SMITH, AR-OK 39 $5,825,000 $149,359
MONROE, MI 33 $5,815,000 $176,212
TYLER, TX 29 $5,755,000 $198,448
JACKSON, MI 32 $5,530,000 $172,813
BISMARCK, ND 26 $5,520,000 $212,308
LEWISTON-AUBURN, ME 34 $5,410,000 $159,118
UTICA-ROME, NY 36 $5,370,000 $149,167
MUSKEGON, MI 35 $5,335,000 $152,429
SEBRING-AVON PARK, FL 42 $5,250,000 $125,000
MACON-BIBB COUNTY, GA 39 $5,195,000 $133,205
FLORENCE-MUSCLE SHOALS, AL 28 $5,150,000 $183,929
SIOUX CITY, IA-NE-SD 29 $5,115,000 $176,379
VALDOSTA, GA 33 $5,045,000 $152,879
LONGVIEW, TX 27 $5,015,000 $185,741
HINESVILLE, GA 32 $5,010,000 $156,563
LIMA, OH 32 $5,000,000 $156,250
POCATELLO, ID 25 $4,985,000 $199,400
TERRE HAUTE, IN 34 $4,860,000 $142,941
GREENVILLE, NC 24 $4,790,000 $199,583
MORGANTOWN, WV 24 $4,770,000 $198,750
STAUNTON, VA 23 $4,765,000 $207,174
OSHKOSH-NEENAH, WI 20 $4,730,000 $236,500
FAIRBANKS, AK 20 $4,710,000 $235,500
FARGO, ND-MN 21 $4,695,000 $223,571
GETTYSBURG, PA 24 $4,690,000 $195,417
ROCKY MOUNT, NC 31 $4,625,000 $149,194
KANKAKEE, IL 29 $4,545,000 $156,724
APPLETON, WI 24 $4,540,000 $189,167
STATE COLLEGE, PA 22 $4,520,000 $205,455
HARRISONBURG, VA 21 $4,515,000 $215,000
JANESVILLE-BELOIT, WI 29 $4,485,000 $154,655
COLUMBIA, MO 21 $4,435,000 $211,190
BLACKSBURG-CHRISTIANSBURG, VA 21 $4,215,000 $200,714
PITTSFIELD, MA 20 $4,200,000 $210,000
CARBONDALE-MARION, IL 23 $4,135,000 $179,783
ODESSA, TX 25 $4,125,000 $165,000
ABILENE, TX 22 $4,050,000 $184,091
DOTHAN, AL 26 $3,980,000 $153,077
SHEBOYGAN, WI 20 $3,930,000 $196,500
DALTON, GA 24 $3,900,000 $162,500
BATTLE CREEK, MI 27 $3,885,000 $143,889
CAPE GIRARDEAU, MO-IL 19 $3,865,000 $203,421
ALEXANDRIA, LA 22 $3,860,000 $175,455
CLEVELAND, TN 22 $3,790,000 $172,273
SHERMAN-DENISON, TX 21 $3,775,000 $179,762
WAUSAU-WESTON, WI 21 $3,735,000 $177,857
JACKSON, TN 28 $3,700,000 $132,143
MUNCIE, IN 22 $3,680,000 $167,273
CHAMPAIGN-URBANA, IL 25 $3,645,000 $145,800
LUBBOCK, TX 22 $3,640,000 $165,455
LAREDO, TX 23 $3,635,000 $158,043
CEDAR RAPIDS, IA 26 $3,620,000 $139,231
CHAMBERSBURG-WAYNESBORO, PA 19 $3,615,000 $190,263
HOT SPRINGS, AR 22 $3,590,000 $163,182
LAWRENCE, KS 19 $3,585,000 $188,684
LEWISTON, ID-WA 19 $3,515,000 $185,000
TWIN FALLS, ID 22 $3,490,000 $158,636
LAWTON, OK 21 $3,375,000 $160,714
BEAUMONT-PORT ARTHUR, TX 26 $3,360,000 $129,231
WHEELING, WV-OH 16 $3,350,000 $209,375
MANHATTAN, KS 18 $3,310,000 $183,889
SPRINGFIELD, IL 18 $3,200,000 $177,778
JEFFERSON CITY, MO 20 $3,190,000 $159,500
FARMINGTON, NM 17 $3,165,000 $186,176
ALBANY, GA 19 $3,155,000 $166,053
AMES, IA 20 $3,130,000 $156,500
BECKLEY, WV 24 $3,050,000 $127,083
KOKOMO, IN 22 $3,020,000 $137,273
GLENS FALLS, NY 17 $2,975,000 $175,000
WATERTOWN-FORT DRUM, NY 18 $2,970,000 $165,000
LA CROSSE-ONALASKA, WI-MN 15 $2,955,000 $197,000
JOPLIN, MO 20 $2,950,000 $147,500
SAGINAW, MI 17 $2,875,000 $169,118
ROME, GA 17 $2,845,000 $167,353
GREAT FALLS, MT 12 $2,820,000 $235,000
BLOOMINGTON, IL 18 $2,820,000 $156,667
ANNISTON-OXFORD, AL 22 $2,810,000 $127,727
COLUMBUS, IN 17 $2,745,000 $161,471
IOWA CITY, IA 16 $2,740,000 $171,250
PARKERSBURG-VIENNA, WV 19 $2,715,000 $142,895
BRUNSWICK, GA 16 $2,590,000 $161,875
FOND DU LAC, WI 16 $2,580,000 $161,250
ST. JOSEPH, MO-KS 18 $2,540,000 $141,111
BLOOMSBURG-BERWICK, PA 14 $2,470,000 $176,429
KALAMAZOO-PORTAGE, MI 15 $2,365,000 $157,667
VINELAND-BRIDGETON, NJ 15 $2,355,000 $157,000
GRAND FORKS, ND-MN 13 $2,335,000 $179,615
BINGHAMTON, NY 18 $2,160,000 $120,000
DECATUR, IL 15 $2,095,000 $139,667
GADSDEN, AL 17 $2,095,000 $123,235
BOWLING GREEN, KY 11 $2,065,000 $187,727
JONESBORO, AR 11 $2,035,000 $185,000
ERIE, PA 17 $1,995,000 $117,353
MANKATO, MN 12 $1,980,000 $165,000
WATERLOO-CEDAR FALLS, IA 11 $1,965,000 $178,636
ENID, OK 15 $1,895,000 $126,333
TEXARKANA, TX-AR 13 $1,845,000 $141,923
GOLDSBORO, NC 11 $1,805,000 $164,091
PINE BLUFF, AR 13 $1,795,000 $138,077
ALTOONA, PA 13 $1,745,000 $134,231
ELIZABETHTOWN-FORT KNOX, KY 10 $1,550,000 $155,000
VICTORIA, TX 10 $1,530,000 $153,000
ELMIRA, NY 10 $1,520,000 $152,000
WILLIAMSPORT, PA 10 $1,510,000 $151,000
DUBUQUE, IA 7 $1,445,000 $206,429
GRAND ISLAND, NE 9 $1,325,000 $147,222
BAY CITY, MI 10 $1,290,000 $129,000
WICHITA FALLS, TX 10 $1,260,000 $126,000
CUMBERLAND, MD-WV 9 $1,235,000 $137,222
OWENSBORO, KY 6 $1,000,000 $166,667
MIDLAND, MI 6 $980,000 $163,333
ITHACA, NY 4 $960,000 $240,000
DANVILLE, IL 7 $835,000 $119,286
JOHNSTOWN, PA 5 $635,000 $127,000
WEIRTON-STEUBENVILLE, WV-OH 5 $525,000 $105,000

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% 145 $43,345,000 $298,931
2.5-3% 7,681 $2,568,865,000 $334,444
3-4% 77,289 $24,845,975,000 $321,468
4-5% 51,300 $14,496,280,000 $282,579
5-6% 11,997 $2,735,745,000 $228,036
6-7% 896 $176,700,000 $197,210
7-8% 10 $2,990,000 $299,000
Over 8% 3 $85,000 $28,333

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 7,538 $604,950,000 $80,253
$100k-200k 39,734 $6,058,690,000 $152,481
$200k-400k 68,314 $19,494,580,000 $285,367
$400k-600k 24,909 $11,828,995,000 $474,888
$600k-1000k 7,756 $5,462,980,000 $704,355
$Over $1MM 1,070 $1,419,790,000 $1,326,907

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% 5,018 $1,136,480,000 $226,481
40-60% 17,684 $5,053,740,000 $285,780
60-80% 54,389 $17,181,625,000 $315,903
80-100% 69,115 $20,596,395,000 $298,002
Over 100% 2,569 $808,155,000 $314,580
Under 20% 546 $93,590,000 $171,410

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 33,339 $11,513,925,000 $345,359
$150k-250k 21,138 $9,139,090,000 $432,354
$50k-75k 32,802 $7,013,090,000 $213,801
$50k-or less 20,566 $3,050,280,000 $148,317
$75k-100k 26,755 $7,372,415,000 $275,553
$Over $250k 7,748 $4,501,050,000 $580,931

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 89,923 $26,323,095,000 $292,729
Not provided 35,707 $10,804,875,000 $302,598
Asian 10,718 $4,210,640,000 $392,857
Black 10,306 $2,659,320,000 $258,036
American Indian 1,382 $368,960,000 $266,975
Native Hawaiian 513 $188,645,000 $367,729
Asian Indian 347 $144,265,000 $415,749
Filipino 166 $72,450,000 $436,446
Korean 60 $24,820,000 $413,667
Vietnamese 65 $24,255,000 $373,154
Chinese 62 $23,970,000 $386,613
Other Asian 28 $8,860,000 $316,429
Native Hawiian 8 $4,370,000 $546,250
Other Pacific Islander 14 $4,100,000 $292,857
Japanese 13 $3,605,000 $277,308
Samoan 4 $1,880,000 $470,000
Guamanian 5 $1,875,000 $375,000

Approval Rates

Total approvals of all applications
78.76%

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
58.58%

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 149,321 $44,869,985,000 $300,493

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 26,840 $8,617,020,000 $321,051
$1k-2k 51,685 $15,959,975,000 $308,793
$2k-3k 19,821 $4,786,845,000 $241,504
$3k-4k 24,546 $6,320,310,000 $257,488
$5k+ 16,866 $6,320,190,000 $374,730

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 1,785 $250,885,000 $140,552
Single Family (1-4 Units):Site-Built 147,536 $44,619,100,000 $302,429