Nmsi Mortgage Rates, Fees & Info

LOS ANGELES, CA

LEI: 549300DCGBXW5FJMV921

Tax ID: 26-3874984

2.3 stars - Updated: 6/9/24 - out of 5 stars, based on 45 reviews

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

Jump to:

Mortgage Data

Review & Overview

Nmsi is a small mortgage company specializing in Home Purchase 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 by origination volume include: Los Angeles, Riverside, San Francisco, San Jose, and Atlanta among others. We have data for 117 markets. (Some data included below & more in-depth data is available with an active subscription.)

Nmsi has an above average approval rate when compared to the average across all lenders. Nmsi is typically a high 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 7.09% 6/9/24
30 Year Conventional Refi 6.69% 6/9/24
30 Year Cash-out Refi 6.99% 6/9/24
30 Year FHA Purchase 7.01% 6/9/24
15 Year Conventional Purchase 6.08% 6/9/24
15 Year Conventional Refi 5.83% 6/9/24
15 Year Cash-out Refi 5.83% 6/9/24
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.

Nmsi Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Nmsi. 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

2,061

Origination Dollar Volume (All Markets)

$1,086,205,000

Awards

NMSI FHA Loans silver
Show all (1) awards

Relative Rate

Nmsi's average 30 year fixed mortgage rate was 7.02%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.54%.

Relative Fees (Closing Costs)

Nmsi's average total fees/closing costs for a 30 year fixed rate mortgage were $10,171.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 699 $439,335,000 $628,519 $11,780 7.04%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 249 $120,095,000 $482,309 $9,865 7.00%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 110 $66,170,000 $601,545 $10,779 7.15%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 56 $42,350,000 $756,250 $7,382 6.72%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 111 $42,025,000 $378,604 $8,883 6.91%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 62 $35,580,000 $573,871 $10,194 6.96%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 54 $30,330,000 $561,667 $7,759 6.56%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 61 $25,175,000 $412,705 $7,656 6.92%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 51 $24,235,000 $475,196 $7,231 6.86%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 48 $22,300,000 $464,583 $9,337 6.91%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 39 $19,505,000 $500,128 $12,431 7.14%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 53 $17,765,000 $335,189 $7,728 7.25%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 39 $17,535,000 $449,615 $9,567 7.23%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 55 $17,295,000 $314,455 $8,354 6.83%
STOCKTON, CA (FHA|USDA|VA) 26 $12,570,000 $483,462 $8,092 6.99%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 19 $9,855,000 $518,684 $6,942 6.76%
FORT COLLINS, CO (FHA|USDA|VA) 14 $7,610,000 $543,571 $9,041 6.71%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 13 $7,485,000 $575,769 $13,028 7.20%
COLORADO SPRINGS, CO (FHA|USDA|VA) 14 $5,930,000 $423,571 $6,333 6.67%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 13 $5,595,000 $430,385 $10,685 7.20%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 8 $5,580,000 $697,500 $12,596 6.61%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 11 $5,445,000 $495,000 $12,266 7.22%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 14 $4,990,000 $356,429 $9,836 7.53%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 8 $4,590,000 $573,750 $14,402 8.19%
GREELEY, CO (FHA|USDA|VA) 9 $4,325,000 $480,556 $11,315 6.33%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 4 $3,420,000 $855,000 $6,860 6.84%
BAKERSFIELD, CA (FHA|USDA|VA) 11 $3,405,000 $309,545 $9,275 6.93%
SALT LAKE CITY, UT (FHA|USDA|VA) 6 $3,220,000 $536,667 $8,825 6.71%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $3,085,000 $1,028,333 $22,868 6.88%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 7 $2,875,000 $410,714 $9,952 7.46%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 7 $2,775,000 $396,429 $14,263 7.80%
Outside of Metro Areas 9 $2,735,000 $303,889 $7,984 7.47%
Jefferson, GA (FHA|USDA|VA) 6 $2,710,000 $451,667 $13,127 6.69%
FRESNO, CA (FHA|USDA|VA) 7 $2,625,000 $375,000 $7,385 6.95%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 3 $2,485,000 $828,333 $16,968 7.08%
SALINAS, CA (FHA|USDA|VA) 4 $2,480,000 $620,000 $10,393 6.53%
Heber, UT (FHA|USDA|VA) 2 $2,470,000 $1,235,000 $11,281 7.00%
VALLEJO, CA (FHA|USDA|VA) 5 $2,425,000 $485,000 $8,892 7.33%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 7 $2,375,000 $339,286 $8,754 7.70%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 5 $2,185,000 $437,000 $6,882 7.00%
Breckenridge, CO (FHA|USDA|VA) 2 $2,100,000 $1,050,000 $15,983 8.06%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $1,865,000 $621,667 $11,823 7.04%
URBAN HONOLULU, HI (FHA|USDA|VA) 2 $1,850,000 $925,000 $12,788 8.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 5 $1,705,000 $341,000 $11,193 7.80%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $1,700,000 $850,000 $7,599 5.94%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 3 $1,685,000 $561,667 $9,810 6.75%
MODESTO, CA (FHA|USDA|VA) 4 $1,660,000 $415,000 $7,909 6.81%
RICHMOND, VA (FHA|USDA|VA) 4 $1,590,000 $397,500 $10,474 7.03%
BEND, OR (FHA|USDA|VA) 3 $1,585,000 $528,333 $10,998 6.71%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 4 $1,530,000 $382,500 $6,243 6.50%
JACKSONVILLE, FL (FHA|USDA|VA) 4 $1,430,000 $357,500 $12,394 7.19%
NAPA, CA (FHA|USDA|VA) 2 $1,390,000 $695,000 $6,850 6.81%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 5 $1,285,000 $257,000 $10,410 6.58%
BOULDER, CO (FHA|USDA|VA) 3 $1,255,000 $418,333 $5,877 7.08%
Truckee-Grass Valley, CA (FHA|USDA|VA) 4 $1,200,000 $300,000 $7,482 7.31%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,140,000 $285,000 $10,559 7.34%
VISALIA, CA (FHA|USDA|VA) 4 $1,110,000 $277,500 $8,966 7.31%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $1,070,000 $535,000 $7,405 5.69%
MERCED, CA (FHA|USDA|VA) 3 $1,025,000 $341,667 $5,347 7.04%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $1,010,000 $505,000 $11,170 7.13%
MADERA, CA (FHA|USDA|VA) 2 $830,000 $415,000 $11,225 7.63%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $780,000 $390,000 $6,303 6.81%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $770,000 $385,000 $3,917 7.56%
GAINESVILLE, GA (FHA|USDA|VA) 2 $740,000 $370,000 $8,420 6.50%
BURLINGTON, NC (FHA|USDA|VA) 2 $720,000 $360,000 $6,443 6.56%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $710,000 $355,000 $10,483 6.25%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 3 $705,000 $235,000 $10,366 8.17%
COLUMBIA, SC (FHA|USDA|VA) 2 $650,000 $325,000 $11,760 6.56%
Key West, FL (FHA|USDA|VA) 1 $645,000 $645,000 $16,483 6.75%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $630,000 $315,000 $6,092 6.38%
Outside of Metro Areas 1 $625,000 $625,000 $9,922 6.00%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 2 $600,000 $300,000 $4,409 6.88%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $580,000 $290,000 $7,511 7.00%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $555,000 $555,000 $9,291 5.88%
TUCSON, AZ (FHA|USDA|VA) 2 $550,000 $275,000 $7,596 6.00%
ALEXANDRIA, LA (FHA|USDA|VA) 2 $530,000 $265,000 $6,093 6.94%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $515,000 $515,000 $4,422 7.13%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $510,000 $255,000 $5,976 6.19%
ROCKY MOUNT, NC (FHA|USDA|VA) 2 $490,000 $245,000 $6,403 6.31%
Gainesville, TX (FHA|USDA|VA) 1 $425,000 $425,000 $6,053 6.75%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $425,000 $425,000 $10,257 7.75%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $420,000 $210,000 $8,076 6.63%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $405,000 $405,000 $14,169 5.38%
Prineville, OR (FHA|USDA|VA) 1 $395,000 $395,000 $3,812 6.63%
Payson, AZ (FHA|USDA|VA) 1 $375,000 $375,000 $9,013 6.13%
SALEM, OR (FHA|USDA|VA) 1 $355,000 $355,000 $8,493 6.38%
GAINESVILLE, FL (FHA|USDA|VA) 1 $345,000 $345,000 $9,733 5.88%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $335,000 $335,000 $20,812 7.13%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $325,000 $325,000 $3,884 6.63%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $305,000 $305,000 $12,809 8.63%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $305,000 $305,000 $4,134 7.50%
YUMA, AZ (FHA|USDA|VA) 1 $295,000 $295,000 $6,891 6.13%
Roseburg, OR (FHA|USDA|VA) 1 $295,000 $295,000 $10,048 5.88%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $285,000 $285,000 $9,552 7.88%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $285,000 $285,000 $4,294 7.63%
WILMINGTON, NC (FHA|USDA|VA) 1 $265,000 $265,000 $4,345 6.88%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $255,000 $255,000 $10,533 7.00%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $255,000 $255,000 $4,618 8.00%
Burley, ID (FHA|USDA|VA) 1 $255,000 $255,000 $9,770 10.75%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $245,000 $245,000 $12,614 7.75%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $245,000 $245,000 $3,824 7.38%
Holland, MI (FHA|USDA|VA) 1 $225,000 $225,000 $10,428 8.25%
GREENVILLE, NC (FHA|USDA|VA) 1 $225,000 $225,000 $6,463 6.88%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $225,000 $225,000 $8,613 9.50%
LONGVIEW, TX (FHA|USDA|VA) 1 $225,000 $225,000 $4,878 7.38%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $215,000 $215,000 $9,196 6.25%
MIDLAND, TX (FHA|USDA|VA) 1 $215,000 $215,000 $10,580 8.50%
LaGrange, GA-AL (FHA|USDA|VA) 1 $205,000 $205,000 $6,137 6.88%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $205,000 $205,000 $5,453 11.00%
Montrose, CO (FHA|USDA|VA) 1 $205,000 $205,000 $6,406 6.88%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $165,000 $165,000 $5,322 8.00%
LOGAN, UT-ID (FHA|USDA|VA) 1 $155,000 $155,000 $6,697 9.25%
Crescent City, CA (FHA|USDA|VA) 1 $145,000 $145,000 $4,347 6.88%
BOISE CITY, ID (FHA|USDA|VA) 1 $125,000 $125,000 $6,625 10.00%
Clearlake, CA (FHA|USDA|VA) 1 $125,000 $125,000 $3,176 7.38%
MEDFORD, OR (FHA|USDA|VA) 1 $95,000 $95,000 $7,453 11.25%
Red Bluff, CA (FHA|USDA|VA) 1 $95,000 $95,000 $5,514 6.13%
Nmsi's top markets include Los Angeles, Riverside, San Francisco, San Jose, and Atlanta among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against NMSI based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Los Angeles Federal Credit Union
    Similarity Rank: 72
    MISSION
    Similarity Rank: 93
    VENTURA COUNTY
    Similarity Rank: 96
    Valley First Credit Union
    Similarity Rank: 110
    FIRST FINANCIAL OF MARYLAND
    Similarity Rank: 117
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 126
    POINT BREEZE
    Similarity Rank: 160
    Noble Federal Credit Union
    Similarity Rank: 176

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,038 $1,075,790,000 $527,866 $10,036 7.02%
    FHA 23 $10,415,000 $452,826 $18,091 6.22%

    For 2023, Nmsi's most frequently originated type of loan was Conventional, with 2,038 originations. Their 2nd most popular type was FHA, with 23 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,748 $950,910,000 $543,999 $10,493 6.94%
    Cash Out Refi 224 $83,120,000 $371,071 $7,962 7.67%
    Refi 89 $52,175,000 $586,236 $8,376 6.88%

    For 2023, Nmsi's most frequently cited loan purpose was Home Purchase, with 1,748 originations. The 2nd most popular reason was Cash Out Refi, with 224 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,019 $1,068,935,000 $529,438 $10,171 7.02%
    15 Year 31 $11,085,000 $357,581 $6,750 6.57%
    30+ year 6 $5,280,000 $880,000 $14,697 8.19%
    10 Year 3 $465,000 $155,000 $5,788 5.79%
    20 Year 2 $440,000 $220,000 $9,961 7.00%

    For 2023, Nmsi's most frequently cited loan duration was 30 Year, with 2,019 originations. The 2nd most popular length was 15 Year, with 31 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 1,041 $605,355,000 $581,513
    $1k-2k 458 $242,160,000 $528,734
    $2k-3k 233 $104,505,000 $448,519
    $4k-5k 155 $63,495,000 $409,645
    $3k-4k 154 $60,480,000 $392,727
    $<1k 20 $10,210,000 $510,500

    Nmsi's average total fees were $10,171, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,041 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 942 $500,700,000 $531,529
    7-8% 629 $345,385,000 $549,102
    5-6% 279 $139,125,000 $498,656
    Over 8% 209 $100,485,000 $480,789
    4-5% 2 $510,000 $255,000

    During 2023, Nmsi's average interest rate for loans was 7.02%, while their most frequently originated rate bucket for loans was 6-7%, with 942 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 698 $345,380,000 $494,814 $9,560 6.88%
    $600k-1MM 587 $425,765,000 $725,324 $11,892 6.97%
    $200k-400k 561 $170,725,000 $304,323 $7,949 7.02%
    $100k-200k 102 $15,770,000 $154,608 $6,285 7.57%
    $1MM+ 98 $127,430,000 $1,300,306 $20,803 7.24%
    $100,000 or less 15 $1,135,000 $75,667 $5,155 9.72%

    2023 saw Nmsi place emphasis on $400k-600k loans with 698 originations, totaling $345,380,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 1,995 $1,023,255,000 $512,910 $9,911 6.99%
    $50k-75k 44 $40,600,000 $922,727 $16,489 7.49%
    $100k-150k 11 $11,265,000 $1,024,091 $12,504 7.76%
    $75k-100k 7 $6,055,000 $865,000 $16,139 7.38%
    $150k-250k 3 $3,765,000 $1,255,000 $26,159 8.71%
    $250k+ 1 $1,265,000 $1,265,000 $43,157 8.88%

    Nmsi lent most frequently to those with incomes in the $50k or less range, with 1,995 originations. The second most popular income band? $50k-75k, with 44 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 295 $141,425,000 $479,407 $9,095 7.08%
    20-30% 216 $107,930,000 $499,676 $9,805 7.01%
    49% 182 $97,800,000 $537,363 $9,618 6.93%
    48% 133 $72,245,000 $543,195 $10,475 6.80%
    45% 118 $65,400,000 $554,237 $10,544 6.96%
    46% 116 $61,290,000 $528,362 $10,010 7.05%
    47% 115 $61,415,000 $534,043 $9,563 6.92%
    44% 112 $67,540,000 $603,036 $10,942 7.05%
    41% 100 $54,890,000 $548,900 $10,928 7.13%
    42% 99 $56,945,000 $575,202 $11,422 7.01%
    43% 99 $51,365,000 $518,838 $9,821 6.99%
    40% 92 $48,290,000 $524,891 $9,570 7.04%
    39% 73 $38,825,000 $531,849 $10,059 7.02%
    <20% 71 $35,365,000 $498,099 $9,743 7.25%
    38% 71 $41,195,000 $580,211 $10,893 6.96%
    36% 69 $33,885,000 $491,087 $10,303 7.08%
    37% 62 $33,060,000 $533,226 $11,092 6.98%
    50-60% 28 $12,780,000 $456,429 $13,590 6.76%
    >60% 7 $3,445,000 $492,143 $15,513 7.93%

    Nmsi lent most frequently to those with DTI ratios of 30-36%, with 295 originations. The next most common DTI ratio? 20-30%, with 216 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 1,148 $601,420,000 $523,885 $10,133 7.03%
    White 463 $245,385,000 $529,989 $10,236 6.94%
    Not provided 432 $231,620,000 $536,157 $9,983 7.03%
    Black 16 $7,270,000 $454,375 $10,980 7.25%
    American Indian 2 $510,000 $255,000 $5,399 6.69%

    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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,061 $1,086,205,000 $527,028

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,061 $1,086,205,000 $527,028

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 107 $33,095,000 $309,299 $6,926 7.28%
    40-60% 362 $170,610,000 $471,298 $8,911 6.81%
    60-80% 1,014 $576,970,000 $569,004 $10,981 7.09%
    80-100% 535 $300,155,000 $561,037 $10,351 6.78%
    Under 20% 43 $5,375,000 $125,000 $5,368 9.10%