Fay Servicing Mortgage Rates, Fees & Info
DOVER, DELEI: 549300D0H09HSURFXA20
Tax ID: 41-2277737
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage 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: Phoenix, Riverside, San Diego, Portland, and Los Angeles among others. We have data for 141 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 relatively high 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% | 11/22/24 |
30 Year Conventional Refi | 6.88% | 11/22/24 |
30 Year Cash-out Refi | 7.07% | 11/22/24 |
30 Year FHA Purchase | 7.54% | 11/22/24 |
30 Year FHA Refi | 7.30% | 11/22/24 |
30 Year VA Refi | 6.27% | 11/22/24 |
15 Year Conventional Refi | 6.39% | 11/22/24 |
15 Year Cash-out Refi | 6.39% | 11/22/24 |
15 Year FHA Refi | 7.26% | 11/22/24 |
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
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
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
560Origination Dollar Volume (All Markets)
$153,400,000FAY SERVICING - 2022
FAY SERVICING is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
Work for FAY SERVICING?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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 |
---|---|---|---|---|---|
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 82 | $29,970,000 | $365,488 | $0 | 6.08% |
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 38 | $11,610,000 | $305,526 | $5,551 | 6.31% |
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 14 | $10,370,000 | $740,714 | $0 | 4.67% |
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 13 | $6,965,000 | $535,769 | $15,593 | 6.27% |
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 11 | $6,465,000 | $587,727 | $14,004 | 6.09% |
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 11 | $5,515,000 | $501,364 | $12,146 | 5.99% |
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 31 | $5,345,000 | $172,419 | $5,953 | 6.71% |
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $5,005,000 | $5,005,000 | $0 | 4.63% |
FRESNO, CA (FHA|USDA|VA) | 17 | $4,245,000 | $249,706 | $0 | 6.66% |
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 14 | $3,430,000 | $245,000 | $7,336 | 5.34% |
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 14 | $3,160,000 | $225,714 | $6,495 | 4.13% |
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 11 | $2,815,000 | $255,909 | $7,154 | 5.06% |
RICHMOND, VA (FHA|USDA|VA) | 12 | $2,780,000 | $231,667 | $6,173 | 6.16% |
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 10 | $2,720,000 | $272,000 | $7,450 | 4.91% |
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 15 | $2,695,000 | $179,667 | $6,627 | 4.43% |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 14 | $2,550,000 | $182,143 | $7,032 | 4.96% |
TUCSON, AZ (FHA|USDA|VA) | 7 | $2,465,000 | $352,143 | $0 | 6.70% |
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 10 | $1,890,000 | $189,000 | $7,018 | 4.58% |
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 10 | $1,810,000 | $181,000 | $8,092 | 4.55% |
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $1,595,000 | $531,667 | $0 | 7.21% |
Outside of Metro Areas | 11 | $1,545,000 | $140,455 | $4,874 | 5.52% |
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 9 | $1,485,000 | $165,000 | $6,254 | 5.26% |
SALEM, OR (FHA|USDA|VA) | 4 | $1,330,000 | $332,500 | $0 | 7.69% |
BAKERSFIELD, CA (FHA|USDA|VA) | 5 | $1,175,000 | $235,000 | $0 | 6.30% |
PITTSBURGH, PA (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $12,187 | 5.88% |
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 7 | $1,115,000 | $159,286 | $3,830 | 6.54% |
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 6 | $980,000 | $163,333 | $5,705 | 4.63% |
EL CENTRO, CA (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $0 | 4.88% |
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 6 | $960,000 | $160,000 | $7,380 | 4.52% |
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 6 | $910,000 | $151,667 | $7,706 | 6.60% |
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $10,898 | 5.13% |
CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $13,823 | 4.19% |
VALLEJO, CA (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $6,227 | 4.44% |
MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 5 | $735,000 | $147,000 | $5,643 | 5.20% |
ALBANY-LEBANON, OR (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $0 | 6.46% |
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $10,582 | 4.69% |
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 6 | $680,000 | $113,333 | $7,884 | 5.85% |
JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $5,199 | 5.13% |
FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $0 | 6.63% |
Okeechobee, FL (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $0 | 6.75% |
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $10,430 | 4.25% |
TULSA, OK (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $5,628 | 4.63% |
KNOXVILLE, TN (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $9,441 | 4.88% |
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $0 | 7.75% |
LYNCHBURG, VA (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $0 | 7.04% |
REDDING, CA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 6.75% |
Roseburg, OR (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $0 | 5.69% |
PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $7,908 | 5.69% |
Key West, FL (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 6.25% |
SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $10,039 | 5.38% |
COLUMBUS, OH (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $5,278 | 6.13% |
AKRON, OH (FHA|USDA|VA) | 4 | $360,000 | $90,000 | $0 | 5.81% |
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $6,041 | 4.19% |
STOCKTON, CA (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $3,728 | 4.71% |
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 7.13% |
MADERA, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 5.00% |
PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $5,463 | 4.50% |
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $5,255 | 5.00% |
Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 8.49% |
FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $6,042 | 4.63% |
KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $4,649 | 6.75% |
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,624 | 4.75% |
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,065 | 5.38% |
Danville, VA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $6,857 | 6.31% |
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $3,852 | 5.17% |
VISALIA, CA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 5.94% |
HANFORD-CORCORAN, CA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $7,909 | 5.56% |
READING, PA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $4,424 | 4.75% |
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,436 | 4.00% |
SALINAS, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,685 | 3.38% |
FLINT, MI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 7.13% |
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,710 | 4.75% |
KINGSTON, NY (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 6.75% |
Albertville, AL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $12,465 | 3.63% |
HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 6.00% |
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,842 | 3.38% |
YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $10,280 | 3.75% |
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,370 | 4.88% |
ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $9,243 | 5.75% |
LANCASTER, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $13,117 | 5.25% |
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.75% |
SAVANNAH, GA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $6,244 | 5.25% |
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 5.63% |
Richmond-Berea, KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $9,003 | 4.00% |
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 6.75% |
YUBA CITY, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,224 | 6.13% |
BILLINGS, MT (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 8.00% |
MERCED, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 5.38% |
Freeport, IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 6.38% |
Mount Pleasant, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $10,446 | 4.50% |
Coos Bay, OR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 6.38% |
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,278 | 3.25% |
EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,133 | 3.25% |
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,319 | 3.88% |
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,174 | 5.75% |
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 6.13% |
Boone, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,254 | 4.13% |
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,156 | 5.75% |
APPLETON, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $9,475 | 4.88% |
MODESTO, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,005 | 3.50% |
JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,783 | 5.00% |
SAGINAW, MI (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 7.31% |
Austin, MN (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $3,017 | 4.31% |
SPARTANBURG, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,569 | 5.25% |
Wauchula, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,143 | 4.00% |
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,013 | 3.38% |
HATTIESBURG, MS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,431 | 4.00% |
AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 5.25% |
BELLINGHAM, WA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,082 | 2.75% |
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 4.75% |
Torrington, CT (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 8.25% |
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $8,033 | 3.00% |
AMES, IA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $8,307 | 4.88% |
Angola, IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,434 | 3.88% |
Defiance, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,935 | 4.50% |
WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 11.49% |
LOUISVILLE, KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,479 | 4.63% |
Willmar, MN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,859 | 2.88% |
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,765 | 3.38% |
Logansport, IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,660 | 5.50% |
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,074 | 4.50% |
CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.00% |
BURLINGTON, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,853 | 5.00% |
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,732 | 3.25% |
Frankfort, KY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,392 | 4.88% |
Lewisburg, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,134 | 4.13% |
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,768 | 4.38% |
ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,433 | 3.38% |
ROANOKE, VA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 8.38% |
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 7.75% |
LaGrange, GA-AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,153 | 4.63% |
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,564 | 3.38% |
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 5.25% |
Martinsville, VA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.13% |
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.75% |
GADSDEN, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.75% |
Bellefontaine, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,570 | 5.63% |
GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,760 | 4.50% |
MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.63% |
Lumberton, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $5,535 | 5.13% |
LONGVIEW, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,099 | 3.38% |
Similar Lenders
We use machine learning to identify the top lenders compared against FAY SERVICING based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 30
Similarity Rank: 51
Similarity Rank: 64
Similarity Rank: 94
Similarity Rank: 112
Similarity Rank: 116
Similarity Rank: 124
Similarity Rank: 142
Similarity Rank: 156
Similarity Rank: 198
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 492 | $139,850,000 | $284,248 | $5,662 | 5.78% |
FHA | 68 | $13,550,000 | $199,265 | $9,291 | 4.69% |
For 2022, Fay Servicing's most frequently originated type of loan was Conventional, with 492 originations. Their 2nd most popular type was FHA, with 68 originations.
Loan Reason
For 2022, Fay Servicing's most frequently cited loan purpose was Cash Out Refi, with 352 originations. The 2nd most popular reason was Refi, with 137 originations.
Loan Duration/Length
For 2022, Fay Servicing's most frequently cited loan duration was 30 Year, with 488 originations. The 2nd most popular length was 15 Year, with 48 originations.
Origination Fees/Closing Costs
Fay Servicing's average total fees were $7,453, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 54 originations.
Interest Rates
During 2022, Fay Servicing's average interest rate for loans was 5.81%, while their most frequently originated rate bucket for loans was 6-7%, with 138 originations.
Loan Sizing
2022 saw Fay Servicing place emphasis on $100k-200k loans with 221 originations, totaling $33,385,000 in origination value.
Applicant Income
Fay Servicing lent most frequently to those with incomes in the $50k or less range, with 110 originations. The second most popular income band? $50k-75k, with 69 originations.
Applicant Debt to Income Ratio
Fay Servicing lent most frequently to those with DTI ratios of <20%, with 82 originations. The next most common DTI ratio? 20-30%, with 58 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.73%
Fay Servicing has a below average approval rate.
Pick Rate
Approvals leading to origination17.32%
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 | 560 | $153,400,000 | $273,929 |
LTV Distribution
Complaints
Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
Fay Servicing, LLC | Conventional home mortgage | Incorrect information on your report | 1 | 25.0% |
Fay Servicing, LLC | Conventional home mortgage | Struggling to pay mortgage | 1 | 25.0% |
Fay Servicing, LLC | Conventional home mortgage | Trouble during payment process | 1 | 25.0% |
Fay Servicing, LLC | FHA mortgage | Trouble during payment process | 1 | 25.0% |