Fay Servicing Mortgage Rates, Fees & Info

DOVER, DE

LEI: 549300D0H09HSURFXA20

Tax ID: 41-2277737

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Fay Servicing is a smaller mortgage company specializing in Cash Out Refi and Refi loans. Fay Servicing has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: New York, Los Angeles, Phoenix, Dallas, and Washington among others. We have data for 159 markets. (Some data included below & more in-depth data is available with an active subscription.)

Fay Servicing has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Fay Servicing is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	7.04%	4/21/24
30 Year Conventional Refi	6.88%	4/21/24
30 Year Cash-out Refi	7.07%	4/21/24
30 Year FHA Purchase	7.54%	4/21/24
30 Year FHA Refi	7.30%	4/21/24
30 Year VA Refi	6.27%	4/21/24
15 Year Conventional Refi	6.39%	4/21/24
15 Year Cash-out Refi	6.39%	4/21/24
15 Year FHA Refi	7.26%	4/21/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Fay Servicing Mortgage Calculator

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This is not an official calculator from Fay Servicing. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.

Originations

892

Origination Dollar Volume (All Markets)

$256,000,000

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market	Originations	Total Value	Average Loan	Average Fees	Average Rate
New York-Newark-Jersey City, NY-NJ-PA (FHA\|USDA\|VA)	106	$43,460,000	$410,000	$3,542	4.71%
Los Angeles-Long Beach-Anaheim, CA (FHA\|USDA\|VA)	26	$19,330,000	$743,462	$5,931	4.18%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	52	$13,840,000	$266,154	$0	4.91%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	25	$13,725,000	$549,000	$6,123	4.62%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA\|USDA\|VA)	36	$12,420,000	$345,000	$6,365	3.74%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA\|USDA\|VA)	79	$11,825,000	$149,684	$5,445	4.68%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA\|USDA\|VA)	14	$9,920,000	$708,571	$5,512	3.85%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA\|USDA\|VA)	25	$9,205,000	$368,200	$5,092	3.53%
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	43	$9,115,000	$211,977	$3,994	3.61%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA\|USDA\|VA)	18	$6,850,000	$380,556	$4,104	4.88%
Pinehurst-Southern Pines, NC (FHA\|USDA\|VA)	13	$5,565,000	$428,077	$0	5.53%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	23	$4,105,000	$178,478	$5,255	4.23%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA\|USDA\|VA)	6	$3,940,000	$656,667	$6,103	4.98%
SANTA MARIA-SANTA BARBARA, CA (FHA\|USDA\|VA)	4	$3,830,000	$957,500	$0	6.37%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA\|USDA\|VA)	19	$3,605,000	$189,737	$6,045	3.57%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA\|USDA\|VA)	6	$3,540,000	$590,000	$7,006	3.73%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA\|USDA\|VA)	9	$3,195,000	$355,000	$5,998	4.24%
San Francisco-Oakland-Berkeley, CA (FHA\|USDA\|VA)	9	$3,115,000	$346,111	$4,246	3.50%
SCRANTON--WILKES-BARRE, PA (FHA\|USDA\|VA)	5	$2,815,000	$563,000	$3,911	4.45%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	17	$2,575,000	$151,471	$4,937	4.53%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA\|USDA\|VA)	15	$2,505,000	$167,000	$4,656	3.78%
LOUISVILLE, KY (FHA\|USDA\|VA)	2	$2,450,000	$1,225,000	$3,934	4.38%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA\|USDA\|VA)	7	$2,305,000	$329,286	$4,741	4.66%
Detroit-Warren-Dearborn, MI (FHA\|USDA\|VA)	16	$2,180,000	$136,250	$5,098	4.25%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA\|USDA\|VA)	4	$2,050,000	$512,500	$6,117	3.44%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	6	$2,050,000	$341,667	$4,627	3.35%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA\|USDA\|VA)	12	$1,990,000	$165,833	$5,287	4.11%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA\|USDA\|VA)	6	$1,910,000	$318,333	$5,305	4.19%
Outside of Metro Areas	8	$1,700,000	$212,500	$3,708	3.81%
FLAGSTAFF, AZ (FHA\|USDA\|VA)	3	$1,645,000	$548,333	$0	5.25%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA\|USDA\|VA)	14	$1,640,000	$117,143	$3,461	4.71%
Seattle-Tacoma-Bellevue, WA (FHA\|USDA\|VA)	4	$1,610,000	$402,500	$5,150	3.22%
FRESNO, CA (FHA\|USDA\|VA)	3	$1,535,000	$511,667	$3,266	3.71%
MEMPHIS, TN-MS-AR (FHA\|USDA\|VA)	6	$1,410,000	$235,000	$3,244	4.06%
TUCSON, AZ (FHA\|USDA\|VA)	5	$1,265,000	$253,000	$0	6.10%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA\|USDA\|VA)	8	$1,260,000	$157,500	$3,867	4.13%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA\|USDA\|VA)	9	$1,255,000	$139,444	$4,202	5.32%
CINCINNATI, OH-KY-IN (FHA\|USDA\|VA)	8	$1,170,000	$146,250	$4,638	4.42%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA\|USDA\|VA)	6	$1,140,000	$190,000	$4,318	3.00%
SAVANNAH, GA (FHA\|USDA\|VA)	9	$1,135,000	$126,111	$5,212	5.28%
TRENTON-PRINCETON, NJ (FHA\|USDA\|VA)	7	$1,135,000	$162,143	$0	5.11%
RICHMOND, VA (FHA\|USDA\|VA)	7	$1,105,000	$157,857	$6,345	4.89%
NAPLES-MARCO ISLAND, FL (FHA\|USDA\|VA)	3	$905,000	$301,667	$2,580	4.21%
Scottsburg, IN (FHA\|USDA\|VA)	1	$845,000	$845,000	$0	6.00%
PITTSBURGH, PA (FHA\|USDA\|VA)	5	$805,000	$161,000	$4,994	3.80%
ST. LOUIS, MO-IL (FHA\|USDA\|VA)	6	$800,000	$133,333	$4,304	3.02%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA\|USDA\|VA)	3	$795,000	$265,000	$0	4.88%
JACKSONVILLE, FL (FHA\|USDA\|VA)	5	$785,000	$157,000	$4,675	3.55%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA\|USDA\|VA)	3	$765,000	$255,000	$0	4.42%
DENVER-AURORA-LAKEWOOD, CO (FHA\|USDA\|VA)	3	$745,000	$248,333	$5,113	3.88%
BELLINGHAM, WA (FHA\|USDA\|VA)	2	$710,000	$355,000	$7,667	4.69%
North Port-Sarasota-Bradenton, FL (FHA\|USDA\|VA)	3	$705,000	$235,000	$5,503	3.50%
SALINAS, CA (FHA\|USDA\|VA)	1	$685,000	$685,000	$3,228	3.00%
Roseburg, OR (FHA\|USDA\|VA)	1	$665,000	$665,000	$0	5.25%
Key West, FL (FHA\|USDA\|VA)	2	$640,000	$320,000	$7,484	3.81%
COLUMBUS, OH (FHA\|USDA\|VA)	4	$610,000	$152,500	$5,497	4.84%
NEW ORLEANS-METAIRIE, LA (FHA\|USDA\|VA)	4	$590,000	$147,500	$5,089	3.47%
STOCKTON, CA (FHA\|USDA\|VA)	4	$580,000	$145,000	$2,582	3.94%
LAKELAND-WINTER HAVEN, FL (FHA\|USDA\|VA)	5	$575,000	$115,000	$6,823	4.43%
MODESTO, CA (FHA\|USDA\|VA)	2	$560,000	$280,000	$3,366	2.88%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA\|USDA\|VA)	4	$550,000	$137,500	$3,413	2.72%
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	4	$510,000	$127,500	$3,760	3.59%
SANTA CRUZ-WATSONVILLE, CA (FHA\|USDA\|VA)	1	$495,000	$495,000	$3,025	2.88%
DAYTON-KETTERING, OH (FHA\|USDA\|VA)	6	$480,000	$80,000	$5,348	5.56%
MONTGOMERY, AL (FHA\|USDA\|VA)	4	$450,000	$112,500	$3,946	4.72%
DURHAM-CHAPEL HILL, NC (FHA\|USDA\|VA)	2	$400,000	$200,000	$4,140	3.31%
BAKERSFIELD, CA (FHA\|USDA\|VA)	2	$400,000	$200,000	$4,661	3.13%
SANTA ROSA-PETALUMA, CA (FHA\|USDA\|VA)	1	$395,000	$395,000	$2,500	2.88%
NEW HAVEN-MILFORD, CT (FHA\|USDA\|VA)	1	$395,000	$395,000	$0	5.25%
HATTIESBURG, MS (FHA\|USDA\|VA)	2	$390,000	$195,000	$6,634	2.75%
PORT ST. LUCIE, FL (FHA\|USDA\|VA)	3	$385,000	$128,333	$4,081	3.50%
ATLANTIC CITY-HAMMONTON, NJ (FHA\|USDA\|VA)	2	$380,000	$190,000	$3,408	4.69%
ALBANY-SCHENECTADY-TROY, NY (FHA\|USDA\|VA)	1	$375,000	$375,000	$0	6.13%
VALLEJO, CA (FHA\|USDA\|VA)	1	$375,000	$375,000	$0	4.50%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA\|USDA\|VA)	2	$360,000	$180,000	$0	5.63%
TYLER, TX (FHA\|USDA\|VA)	2	$360,000	$180,000	$7,424	2.81%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA\|USDA\|VA)	1	$325,000	$325,000	$0	4.50%
GRAND JUNCTION, CO (FHA\|USDA\|VA)	1	$325,000	$325,000	$0	4.00%
Brainerd, MN (FHA\|USDA\|VA)	1	$315,000	$315,000	$5,348	2.75%
WORCESTER, MA-CT (FHA\|USDA\|VA)	1	$315,000	$315,000	$0	6.13%
OLYMPIA-LACEY-TUMWATER, WA (FHA\|USDA\|VA)	1	$305,000	$305,000	$10,071	3.00%
TALLAHASSEE, FL (FHA\|USDA\|VA)	1	$305,000	$305,000	$2,712	2.75%
Grand Rapids, MN (FHA\|USDA\|VA)	1	$305,000	$305,000	$0	5.63%
BATON ROUGE, LA (FHA\|USDA\|VA)	2	$300,000	$150,000	$6,544	2.94%
CLEVELAND-ELYRIA, OH (FHA\|USDA\|VA)	2	$300,000	$150,000	$6,461	3.19%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA\|USDA\|VA)	1	$295,000	$295,000	$7,268	3.38%
KINGSTON, NY (FHA\|USDA\|VA)	2	$290,000	$145,000	$0	4.94%
SPRINGFIELD, MA (FHA\|USDA\|VA)	3	$285,000	$95,000	$0	6.13%
DULUTH, MN-WI (FHA\|USDA\|VA)	1	$285,000	$285,000	$0	5.38%
MILWAUKEE-WAUKESHA, WI (FHA\|USDA\|VA)	3	$285,000	$95,000	$3,269	3.96%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA\|USDA\|VA)	1	$285,000	$285,000	$3,150	3.00%
WINSTON-SALEM, NC (FHA\|USDA\|VA)	2	$270,000	$135,000	$4,474	3.38%
Breckenridge, CO (FHA\|USDA\|VA)	1	$265,000	$265,000	$0	4.13%
BLACKSBURG-CHRISTIANSBURG, VA (FHA\|USDA\|VA)	1	$255,000	$255,000	$0	8.99%
FORT COLLINS, CO (FHA\|USDA\|VA)	1	$255,000	$255,000	$5,871	4.00%
BIRMINGHAM-HOOVER, AL (FHA\|USDA\|VA)	3	$245,000	$81,667	$2,383	3.21%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA\|USDA\|VA)	1	$245,000	$245,000	$0	4.75%
LANCASTER, PA (FHA\|USDA\|VA)	1	$225,000	$225,000	$8,531	2.75%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA\|USDA\|VA)	1	$225,000	$225,000	$0	4.50%
CHATTANOOGA, TN-GA (FHA\|USDA\|VA)	2	$210,000	$105,000	$4,745	2.81%
WARNER ROBINS, GA (FHA\|USDA\|VA)	2	$210,000	$105,000	$0	5.13%
GREENVILLE-ANDERSON, SC (FHA\|USDA\|VA)	1	$205,000	$205,000	$7,283	2.88%
SIERRA VISTA-DOUGLAS, AZ (FHA\|USDA\|VA)	1	$205,000	$205,000	$0	4.75%
CORPUS CHRISTI, TX (FHA\|USDA\|VA)	1	$195,000	$195,000	$4,155	3.00%
Milledgeville, GA (FHA\|USDA\|VA)	2	$190,000	$95,000	$4,264	2.94%
GREELEY, CO (FHA\|USDA\|VA)	1	$185,000	$185,000	$2,546	3.00%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA\|USDA\|VA)	1	$185,000	$185,000	$6,187	3.38%
READING, PA (FHA\|USDA\|VA)	1	$185,000	$185,000	$0	5.25%
DALTON, GA (FHA\|USDA\|VA)	1	$185,000	$185,000	$4,333	2.88%
SPARTANBURG, SC (FHA\|USDA\|VA)	1	$185,000	$185,000	$3,566	2.88%
SHREVEPORT-BOSSIER CITY, LA (FHA\|USDA\|VA)	1	$175,000	$175,000	$4,344	2.63%
YUBA CITY, CA (FHA\|USDA\|VA)	1	$175,000	$175,000	$0	4.75%
KANKAKEE, IL (FHA\|USDA\|VA)	1	$175,000	$175,000	$5,724	2.75%
BATTLE CREEK, MI (FHA\|USDA\|VA)	2	$170,000	$85,000	$3,433	2.75%
HARRISBURG-CARLISLE, PA (FHA\|USDA\|VA)	1	$165,000	$165,000	$5,142	2.75%
GREENVILLE, NC (FHA\|USDA\|VA)	1	$165,000	$165,000	$0	5.25%
EAST STROUDSBURG, PA (FHA\|USDA\|VA)	1	$155,000	$155,000	$0	6.00%
SALISBURY, MD-DE (FHA\|USDA\|VA)	1	$145,000	$145,000	$4,520	2.88%
LONGVIEW, TX (FHA\|USDA\|VA)	1	$145,000	$145,000	$0	5.13%
FORT WAYNE, IN (FHA\|USDA\|VA)	1	$135,000	$135,000	$0	4.75%
CLARKSVILLE, TN-KY (FHA\|USDA\|VA)	1	$135,000	$135,000	$3,759	3.00%
Danville, VA (FHA\|USDA\|VA)	1	$135,000	$135,000	$0	4.50%
OCEAN CITY, NJ (FHA\|USDA\|VA)	1	$135,000	$135,000	$3,506	2.88%
WINCHESTER, VA-WV (FHA\|USDA\|VA)	1	$135,000	$135,000	$0	5.25%
ELKHART-GOSHEN, IN (FHA\|USDA\|VA)	1	$135,000	$135,000	$1,849	3.13%
WILMINGTON, NC (FHA\|USDA\|VA)	1	$135,000	$135,000	$0	5.13%
Talladega-Sylacauga, AL (FHA\|USDA\|VA)	1	$125,000	$125,000	$5,472	2.88%
BRUNSWICK, GA (FHA\|USDA\|VA)	1	$125,000	$125,000	$5,153	2.75%
Sebastian-Vero Beach, FL (FHA\|USDA\|VA)	1	$125,000	$125,000	$2,490	2.25%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA\|USDA\|VA)	1	$115,000	$115,000	$2,999	3.13%
GULFPORT-BILOXI, MS (FHA\|USDA\|VA)	1	$115,000	$115,000	$0	5.75%
New Castle, IN (FHA\|USDA\|VA)	1	$105,000	$105,000	$2,709	3.00%
MONROE, MI (FHA\|USDA\|VA)	1	$105,000	$105,000	$3,867	2.63%
BINGHAMTON, NY (FHA\|USDA\|VA)	1	$105,000	$105,000	$0	6.00%
NEW BERN, NC (FHA\|USDA\|VA)	1	$105,000	$105,000	$3,130	2.88%
COLUMBUS, GA-AL (FHA\|USDA\|VA)	1	$95,000	$95,000	$3,201	3.25%
OCALA, FL (FHA\|USDA\|VA)	1	$95,000	$95,000	$0	6.50%
Fergus Falls, MN (FHA\|USDA\|VA)	1	$95,000	$95,000	$3,200	2.50%
CHARLESTON, WV (FHA\|USDA\|VA)	1	$95,000	$95,000	$0	5.50%
DECATUR, AL (FHA\|USDA\|VA)	1	$95,000	$95,000	$2,676	3.38%
MANKATO, MN (FHA\|USDA\|VA)	1	$95,000	$95,000	$4,721	2.75%
NILES, MI (FHA\|USDA\|VA)	1	$95,000	$95,000	$3,532	2.63%
WICHITA, KS (FHA\|USDA\|VA)	1	$95,000	$95,000	$4,916	2.63%
LAREDO, TX (FHA\|USDA\|VA)	1	$85,000	$85,000	$3,276	2.63%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	5.63%
SPRINGFIELD, OH (FHA\|USDA\|VA)	1	$85,000	$85,000	$4,799	3.13%
Sikeston, MO (FHA\|USDA\|VA)	1	$85,000	$85,000	$2,955	3.50%
RACINE, WI (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	5.88%
ALBUQUERQUE, NM (FHA\|USDA\|VA)	1	$85,000	$85,000	$3,105	3.00%
JACKSON, MI (FHA\|USDA\|VA)	1	$85,000	$85,000	$3,558	2.88%
Cullman, AL (FHA\|USDA\|VA)	1	$85,000	$85,000	$2,793	2.63%
JACKSONVILLE, NC (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	5.88%
MUSKEGON, MI (FHA\|USDA\|VA)	1	$85,000	$85,000	$471	2.75%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA\|USDA\|VA)	1	$85,000	$85,000	$4,993	2.75%
Albertville, AL (FHA\|USDA\|VA)	1	$75,000	$75,000	$3,952	2.75%
Warren, PA (FHA\|USDA\|VA)	1	$75,000	$75,000	$4,827	2.75%
TEXARKANA, TX-AR (FHA\|USDA\|VA)	1	$65,000	$65,000	$2,846	2.63%
ANNISTON-OXFORD, AL (FHA\|USDA\|VA)	1	$65,000	$65,000	$2,090	2.75%
HICKORY-LENOIR-MORGANTON, NC (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	6.00%

Fay Servicing's top markets include New York, Los Angeles, Phoenix, Dallas, and Washington among others.

Their top states include:

California (FHA|USDA|VA)

New Jersey (FHA|USDA|VA)

New York (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Texas (FHA|USDA|VA)

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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	790	$236,730,000	$299,658	$4,196	4.45%
FHA	102	$19,270,000	$188,922	$6,400	3.03%

For 2021, Fay Servicing's most frequently originated type of loan was Conventional, with 790 originations. Their 2nd most popular type was FHA, with 102 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Cash Out Refi	461	$145,665,000	$315,976	$5,439	4.31%
Refi	269	$65,655,000	$244,071	$4,207	3.62%
Home Purchase	162	$44,680,000	$275,802	$6,077	5.30%

For 2021, Fay Servicing's most frequently cited loan purpose was Cash Out Refi, with 461 originations. The 2nd most popular reason was Refi, with 269 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	745	$221,445,000	$297,242	$5,313	4.41%
15 Year	83	$14,625,000	$176,205	$4,226	2.68%
1 Year	22	$11,520,000	$523,636	$0	8.09%
20 Year	19	$3,535,000	$186,053	$3,346	3.09%
Other	17	$4,355,000	$256,176	$3,739	3.48%
10 Year	6	$520,000	$86,667	$3,075	2.85%

For 2021, Fay Servicing's most frequently cited loan duration was 30 Year, with 745 originations. The 2nd most popular length was 15 Year, with 83 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$1k-2k	214	$41,630,000	$194,533
$2k-3k	51	$10,325,000	$202,451
$3k-4k	30	$7,630,000	$254,333
$<1k	29	$4,985,000	$171,897
$5k+	16	$5,800,000	$362,500
$4k-5k	11	$3,695,000	$335,909

Fay Servicing's average total fees were $5,313, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 214 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	263	$84,725,000	$322,148
3-4%	198	$62,660,000	$316,465
5-6%	191	$52,525,000	$275,000
2.5-3%	151	$29,485,000	$195,265
<2.5%	34	$6,440,000	$189,412
6-7%	32	$7,920,000	$247,500
7-8%	15	$4,825,000	$321,667
Over 8%	8	$7,420,000	$927,500

During 2021, Fay Servicing's average interest rate for loans was 4.41%, while their most frequently originated rate bucket for loans was 4-5%, with 263 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	355	$53,125,000	$149,648	$4,475	4.24%
$200k-400k	257	$72,295,000	$281,304	$5,396	4.04%
$100,000 or less	137	$11,015,000	$80,401	$3,401	4.44%
$400k-600k	74	$35,770,000	$483,378	$7,339	4.41%
$600k-1MM	40	$29,240,000	$731,000	$3,826	4.78%
$1MM+	29	$54,555,000	$1,881,207	$0	5.34%

2021 saw Fay Servicing place emphasis on $100k-200k loans with 355 originations, totaling $53,125,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	89	$17,185,000	$193,090	$4,376	3.61%
$50k-75k	86	$15,420,000	$179,302	$5,020	3.08%
$75k-100k	76	$16,220,000	$213,421	$4,929	3.00%
$100k-150k	73	$18,695,000	$256,096	$5,039	3.05%
$150k-250k	31	$11,225,000	$362,097	$5,543	3.01%
$250k+	4	$990,000	$247,500	$3,375	3.38%

Fay Servicing lent most frequently to those with incomes in the $50k or less range, with 89 originations. The second most popular income band? $50k-75k, with 86 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
<20%	104	$18,160,000	$174,615	$4,459	3.02%
20-30%	93	$22,635,000	$243,387	$4,965	3.12%
30-36%	41	$10,065,000	$245,488	$5,078	3.05%
44%	12	$2,710,000	$225,833	$4,399	3.18%
40%	11	$2,025,000	$184,091	$5,447	2.75%
39%	11	$2,305,000	$209,545	$5,088	3.01%
45%	9	$1,565,000	$173,889	$3,747	3.06%
38%	9	$1,965,000	$218,333	$5,140	3.04%
36%	8	$2,020,000	$252,500	$6,042	2.91%
42%	8	$1,670,000	$208,750	$5,036	2.80%
37%	7	$825,000	$117,857	$3,827	2.89%
41%	6	$1,680,000	$280,000	$6,054	3.10%
43%	6	$1,350,000	$225,000	$5,453	3.06%
46%	5	$1,345,000	$269,000	$7,678	2.95%
50-60%	4	$1,100,000	$275,000	$7,881	2.94%
47%	3	$425,000	$141,667	$5,702	2.88%
48%	1	$255,000	$255,000	$7,576	2.75%

Fay Servicing lent most frequently to those with DTI ratios of <20%, with 104 originations. The next most common DTI ratio? 20-30%, with 93 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	443	$151,125,000	$341,140	$0	5.13%
White	250	$56,260,000	$225,040	$4,667	3.42%
Black	98	$21,010,000	$214,388	$4,820	3.25%
Not provided	73	$18,475,000	$253,082	$5,377	3.62%
Asian	20	$6,210,000	$310,500	$5,490	3.77%
American Indian	6	$2,340,000	$390,000	$4,492	4.46%
Native Hawaiian or Islander	2	$580,000	$290,000	$6,595	3.00%

Approval Rates

Total approvals of all applications
81.01%

Fay Servicing has a below average approval rate.

Pick Rate

Approvals leading to origination
31.61%

Fay Servicing has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	892	$256,000,000	$286,996

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	892	$256,000,000	$286,996

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	46	$10,620,000	$230,870	$4,173	3.19%
40-60%	144	$35,600,000	$247,222	$4,398	3.65%
60-80%	597	$179,685,000	$300,980	$4,987	4.51%
80-100%	85	$21,915,000	$257,824	$5,491	3.72%
Over 100%	16	$7,690,000	$480,625	$0	8.00%
Under 20%	3	$405,000	$135,000	$4,127	3.04%

Complaints

Bank Name	Product	Issue	2021 CPFB Complaints	% of Total Issues
Fay Servicing, LLC	Conventional home mortgage	Applying for a mortgage or refinancing an existing mortgage	11	3.5%
Fay Servicing, LLC	Conventional home mortgage	Closing on a mortgage	9	2.9%
Fay Servicing, LLC	Conventional home mortgage	Incorrect information on your report	4	1.3%
Fay Servicing, LLC	Conventional home mortgage	Problem with a credit reporting company's investigation into an existing problem	1	0.3%
Fay Servicing, LLC	Conventional home mortgage	Struggling to pay mortgage	145	46.8%
Fay Servicing, LLC	Conventional home mortgage	Trouble during payment process	91	29.4%
Fay Servicing, LLC	FHA mortgage	Applying for a mortgage or refinancing an existing mortgage	1	0.3%
Fay Servicing, LLC	FHA mortgage	Closing on a mortgage	2	0.6%
Fay Servicing, LLC	FHA mortgage	Struggling to pay mortgage	10	3.2%
Fay Servicing, LLC	FHA mortgage	Trouble during payment process	5	1.6%
Fay Servicing, LLC	Home equity loan or line of credit (HELOC)	Trouble during payment process	1	0.3%
Fay Servicing, LLC	Other type of mortgage	Closing on a mortgage	1	0.3%
Fay Servicing, LLC	Other type of mortgage	Struggling to pay mortgage	7	2.3%
Fay Servicing, LLC	Other type of mortgage	Trouble during payment process	21	6.8%
Fay Servicing, LLC	VA mortgage	Struggling to pay mortgage	1	0.3%