Nmsi Mortgage Rates, Fees & Info
LOS ANGELES, CALEI: 549300DCGBXW5FJMV921
Tax ID: 26-3874984
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
7,802Origination Dollar Volume (All Markets)
$3,571,920,000Awards
NMSI - 2021
NMSI is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 applications100.00%
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 origination99.99%
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% |
