Nmsi Mortgage Rates, Fees & Info

LOS ANGELES, CA

LEI: 549300DCGBXW5FJMV921

Tax ID: 26-3874984

1 stars - out of 5 stars, based on 88 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Nmsi is a mid-sized mortgage company specializing in Home Purchase and Refi loans. Nmsi has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Los Angeles, Riverside, San Francisco, San Diego, and San Jose among others. Nmsi has an above average approval rate for mortages when compared nationally. They have an above average pick rate when compared to the same sample of other lendors. Nmsi is typically a high fee lendor.


Originations

7,802

Origination Dollar Volume (All Markets)

$3,571,920,000

Awards

NMSI  FHA Loans bronze
Show all (1) awards

Relative Rate

Nmsi 's average 30 year fixed rate mortgage of loans were 3.17%.

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

This yields a difference of 0.02%.

Relative Fees

Nmsi 's average total fees for a 30 year fixed rate mortgage are $9,431.

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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3,708 $1,765,000,000 $475,998 $8,608 2.94%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1,049 $409,365,000 $390,243 $9,024 3.10%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 693 $382,765,000 $552,330 $11,455 3.19%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 575 $269,885,000 $469,365 $8,539 2.73%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 273 $167,415,000 $613,242 $10,921 2.80%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 225 $117,945,000 $524,200 $6,175 2.91%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 273 $105,205,000 $385,366 $7,472 3.06%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 215 $65,995,000 $306,953 $4,373 2.94%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 73 $34,835,000 $477,192 $9,451 2.85%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 92 $31,210,000 $339,239 $6,483 2.84%
VALLEJO, CA (FHA|USDA|VA) 61 $26,045,000 $426,967 $10,467 3.68%
STOCKTON, CA (FHA|USDA|VA) 60 $24,640,000 $410,667 $10,423 3.50%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 54 $17,780,000 $329,259 $6,406 3.08%
BAKERSFIELD, CA (FHA|USDA|VA) 39 $10,865,000 $278,590 $8,114 3.21%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 38 $10,740,000 $282,632 $8,437 3.79%
FRESNO, CA (FHA|USDA|VA) 27 $9,375,000 $347,222 $9,101 3.13%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 26 $8,560,000 $329,231 $7,058 2.91%
SALINAS, CA (FHA|USDA|VA) 16 $6,690,000 $418,125 $9,453 2.88%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 22 $6,580,000 $299,091 $8,821 3.02%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 14 $5,780,000 $412,857 $8,117 3.03%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 10 $5,430,000 $543,000 $9,610 2.95%
MODESTO, CA (FHA|USDA|VA) 16 $5,120,000 $320,000 $8,394 3.54%
Outside of Metro Areas 11 $5,045,000 $458,636 $12,483 3.81%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 12 $4,500,000 $375,000 $8,751 2.76%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 12 $4,210,000 $350,833 $8,780 2.89%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 6 $4,080,000 $680,000 $7,767 3.40%
YUBA CITY, CA (FHA|USDA|VA) 9 $3,065,000 $340,556 $9,309 3.39%
REDDING, CA (FHA|USDA|VA) 11 $3,005,000 $273,182 $9,373 3.59%
MEDFORD, OR (FHA|USDA|VA) 4 $2,840,000 $710,000 $13,149 2.81%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 7 $2,645,000 $377,857 $9,201 2.66%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $2,560,000 $640,000 $15,555 2.91%
RALEIGH-CARY, NC (FHA|USDA|VA) 7 $2,455,000 $350,714 $6,383 3.34%
VISALIA, CA (FHA|USDA|VA) 9 $2,445,000 $271,667 $7,836 3.67%
MERCED, CA (FHA|USDA|VA) 8 $2,300,000 $287,500 $8,726 3.64%
NAPA, CA (FHA|USDA|VA) 5 $2,185,000 $437,000 $8,916 2.85%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 4 $2,150,000 $537,500 $12,902 2.56%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 4 $2,140,000 $535,000 $9,530 2.88%
Clearlake, CA (FHA|USDA|VA) 7 $2,125,000 $303,571 $10,805 3.64%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 7 $1,965,000 $280,714 $6,562 2.79%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 8 $1,710,000 $213,750 $7,076 2.78%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 5 $1,695,000 $339,000 $6,139 3.25%
GAINESVILLE, GA (FHA|USDA|VA) 5 $1,615,000 $323,000 $6,134 3.38%
Jefferson, GA (FHA|USDA|VA) 5 $1,355,000 $271,000 $4,971 2.93%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $1,340,000 $335,000 $9,812 3.09%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 3 $1,315,000 $438,333 $8,912 3.96%
Truckee-Grass Valley, CA (FHA|USDA|VA) 3 $1,315,000 $438,333 $7,010 2.79%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 3 $1,305,000 $435,000 $14,155 4.92%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $1,215,000 $1,215,000 $35,215 2.63%
MADERA, CA (FHA|USDA|VA) 3 $1,065,000 $355,000 $11,073 4.13%
Glenwood Springs, CO (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $18,178 2.88%
LANCASTER, PA (FHA|USDA|VA) 4 $990,000 $247,500 $9,175 2.84%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $970,000 $485,000 $11,975 3.06%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $890,000 $445,000 $13,651 3.44%
LaGrange, GA-AL (FHA|USDA|VA) 4 $880,000 $220,000 $3,503 2.81%
TUCSON, AZ (FHA|USDA|VA) 3 $875,000 $291,667 $8,956 2.79%
BOULDER, CO (FHA|USDA|VA) 3 $865,000 $288,333 $5,316 2.46%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 4 $840,000 $210,000 $4,349 2.63%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $795,000 $795,000 $13,047 2.63%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $795,000 $265,000 $7,609 2.75%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 3 $725,000 $241,667 $3,639 2.79%
Red Bluff, CA (FHA|USDA|VA) 2 $670,000 $335,000 $11,169 4.69%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 2 $580,000 $290,000 $6,015 2.81%
Outside of Metro Areas 1 $545,000 $545,000 $15,794 2.75%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $520,000 $260,000 $6,996 3.69%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $500,000 $250,000 $10,324 2.63%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $480,000 $240,000 $4,095 3.38%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 2 $470,000 $235,000 $3,462 2.13%
COLUMBUS, GA-AL (FHA|USDA|VA) 2 $460,000 $230,000 $4,376 3.19%
LINCOLN, NE (FHA|USDA|VA) 1 $435,000 $435,000 $14,410 2.00%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $375,000 $375,000 $7,805 2.75%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 2 $350,000 $175,000 $7,461 2.81%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 3 $345,000 $115,000 $4,362 3.96%
BOISE CITY, ID (FHA|USDA|VA) 1 $345,000 $345,000 $11,294 3.00%
Crescent City, CA (FHA|USDA|VA) 1 $345,000 $345,000 $5,596 2.88%
EL CENTRO, CA (FHA|USDA|VA) 2 $340,000 $170,000 $4,712 3.00%
SALEM, OR (FHA|USDA|VA) 1 $325,000 $325,000 $10,720 3.00%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $325,000 $325,000 $5,432 2.88%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $305,000 $305,000 $4,239 3.13%
YAKIMA, WA (FHA|USDA|VA) 1 $305,000 $305,000 $3,946 2.25%
CHICO, CA (FHA|USDA|VA) 1 $305,000 $305,000 $4,135 2.63%
PITTSBURGH, PA (FHA|USDA|VA) 1 $305,000 $305,000 $9,487 3.00%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $285,000 $285,000 $7,411 2.75%
FORT COLLINS, CO (FHA|USDA|VA) 1 $265,000 $265,000 $9,032 3.25%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $265,000 $265,000 $6,932 3.50%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $245,000 $245,000 $3,594 2.75%
GREELEY, CO (FHA|USDA|VA) 1 $235,000 $235,000 $3,436 3.50%
READING, PA (FHA|USDA|VA) 1 $225,000 $225,000 $4,646 2.13%
MONTGOMERY, AL (FHA|USDA|VA) 1 $225,000 $225,000 $3,084 2.38%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $195,000 $195,000 $3,998 3.13%
LEWISTON, ID-WA (FHA|USDA|VA) 1 $195,000 $195,000 $8,194 5.13%
LUBBOCK, TX (FHA|USDA|VA) 1 $165,000 $165,000 $4,692 2.63%
ODESSA, TX (FHA|USDA|VA) 1 $155,000 $155,000 $6,895 4.25%
Sonora, CA (FHA|USDA|VA) 1 $125,000 $125,000 $3,849 2.50%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $125,000 $125,000 $6,673 3.25%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $85,000 $85,000 $3,863 2.75%

Nmsi 's top markets include Los Angeles, Riverside, San Francisco, San Diego, and San Jose among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 7,740 $3,545,170,000 $458,032 $8,695 2.99%
FHA 62 $26,750,000 $431,452 $16,163 2.90%

For the 2021 period, Nmsi 's most frequently originated loan type of loans were Conventional, with 7,740 originations. Their 2nd most popular type is FHA, with 62 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 3,600 $1,755,140,000 $487,539 $9,287 3.17%
Refi 2,734 $1,170,290,000 $428,050 $8,011 2.76%
Cash Out Refi 1,468 $646,490,000 $440,388 $8,833 3.00%

For the 2021, Nmsi 's most frequently cited loan purpose of loans were Home Purchase, with 3,600 originations. The 2nd most popular reason of loans were Refi, with 2,734 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 6,229 $3,014,245,000 $483,905 $9,431 3.17%
15 Year 1,107 $398,805,000 $360,257 $6,048 2.24%
20 Year 316 $114,540,000 $362,468 $6,380 2.63%
10 Year 150 $44,330,000 $295,533 $5,626 2.10%

For the 2021, Nmsi 's most frequently cited loan length of loans were 30 Year, with 6,229 originations. The 2nd most popular length of loans were 15 Year, with 1,107 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$5k+ 4,139 $2,067,745,000 $499,576
$1k-2k 1,672 $703,240,000 $420,598
$2k-3k 1,128 $505,140,000 $447,819
$3k-4k 798 $271,090,000 $339,712
$<1k 64 $24,250,000 $378,906

$9,431 of loans were Nmsi 's average total fees, while their most frequently occuring range of origination fees were in the $5k+ bucket, with 4,139 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 3,564 $1,654,110,000 $464,116
3-4% 2,222 $1,105,690,000 $497,610
<2.5% 1,493 $558,665,000 $374,190
4-5% 470 $229,870,000 $489,085
5-6% 53 $23,585,000 $445,000

During 2021, Nmsi 's average interest rate of loans were 3.17%, while their most frequently originated rate bucket of loans were 2.5-3%, with 3,564 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$400k-600k 3,090 $1,515,960,000 $490,602 $9,090 3.01%
$200k-400k 2,943 $907,745,000 $308,442 $6,785 2.88%
$600k-1MM 1,194 $869,260,000 $728,023 $12,422 3.23%
$100k-200k 393 $64,645,000 $164,491 $5,006 2.88%
$1MM+ 169 $213,325,000 $1,262,278 $20,122 3.14%
$100,000 or less 13 $985,000 $75,769 $3,550 3.35%

2021 saw Nmsi place emphasis on $400k-600k loans with 3,090 originations, totaling $1,515,960,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k or less 7,732 $3,509,790,000 $453,930 $8,705 2.99%
$50k-75k 43 $33,845,000 $787,093 $12,692 3.10%
$75k-100k 13 $9,665,000 $743,462 $14,873 2.79%
$100k-150k 7 $3,805,000 $543,571 $10,354 3.39%
$250k+ 6 $13,060,000 $2,176,667 $29,594 3.02%
$150k-250k 1 $1,755,000 $1,755,000 $6,214 4.13%

Nmsi lent most frequently to those with incomes in the $50k or less range, with 7,732 originations. The second most popular income band? $50k-75k, with 43 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 1,369 $601,095,000 $439,076 $7,594 2.76%
30-36% 1,305 $606,255,000 $464,563 $8,434 2.95%
40% 390 $189,800,000 $486,667 $10,050 3.17%
<20% 381 $159,525,000 $418,701 $7,632 2.75%
42% 376 $183,140,000 $487,074 $9,449 3.10%
49% 368 $156,130,000 $424,266 $8,372 2.92%
41% 364 $176,070,000 $483,709 $9,718 3.22%
43% 360 $163,830,000 $455,083 $9,217 3.21%
44% 348 $159,510,000 $458,362 $9,081 3.08%
38% 326 $156,750,000 $480,828 $9,642 3.13%
39% 321 $154,605,000 $481,636 $9,955 3.18%
48% 318 $137,560,000 $432,579 $8,067 2.93%
37% 291 $145,855,000 $501,220 $9,958 3.11%
47% 290 $131,700,000 $454,138 $8,714 3.04%
46% 280 $126,170,000 $450,607 $8,719 2.98%
45% 274 $122,450,000 $446,898 $8,881 3.00%
36% 266 $123,790,000 $465,376 $8,980 3.05%
50-60% 92 $41,500,000 $451,087 $10,611 2.99%
>60% 55 $25,245,000 $459,000 $9,902 3.35%

Nmsi lent most frequently to those with DTI ratios of 20-30%, with 1,369 originations. The next most common DTI ratio? 30-36%, with 1,305 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Asian 3,433 $1,593,855,000 $464,275 $8,799 3.12%
Not provided 2,176 $1,003,220,000 $461,039 $8,210 2.85%
White 1,626 $706,840,000 $434,711 $9,374 2.95%
Other Asian 469 $229,035,000 $488,348 $8,596 2.92%
Black 87 $34,945,000 $401,667 $10,090 3.01%
American Indian 6 $2,000,000 $333,333 $7,506 3.13%
Native Hawaiian 3 $1,425,000 $475,000 $8,019 2.67%
1 $305,000 $305,000 $5,331 2.50%
Korean 1 $295,000 $295,000 $6,267 2.75%

Approval Rates

Total approvals of all applications
100.00%

Nmsi 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
99.99%

Nmsi has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

Points and Fees

Points Originations Total Value Average Loan
NA 7,802 $3,571,920,000 $457,821

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
7,802 $3,571,920,000 $457,821

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 1,033 $327,405,000 $316,946 $6,395 2.63%
40-60% 2,556 $1,129,740,000 $441,995 $7,790 2.82%
60-80% 3,459 $1,749,145,000 $505,679 $9,919 3.22%
80-100% 668 $345,510,000 $517,231 $10,438 3.06%
Under 20% 86 $20,120,000 $233,953 $5,797 2.88%