Nmsi Mortgage Rates, Fees & Info

LOS ANGELES, CA

LEI: 549300DCGBXW5FJMV921

Tax ID: 26-3874984

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Nmsi is a small mortgage company specializing in Home Purchase and Refi loans. Nmsi has a high proportion of conventional loans. They have an average proportion of FHA loans.

    Nmsi has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Nmsi 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 7.09% 4/18/24
    30 Year Conventional Refi 6.69% 4/18/24
    30 Year Cash-out Refi 6.99% 4/18/24
    30 Year FHA Purchase 7.01% 4/18/24
    15 Year Conventional Purchase 6.08% 4/18/24
    15 Year Conventional Refi 5.83% 4/18/24
    15 Year Cash-out Refi 5.83% 4/18/24
    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

    3,670

    Origination Dollar Volume (All Markets)

    $1,466,600,000

    Awards

    NMSI FHA Loans gold NMSI FHA Loans silver
    Show all (2) awards

    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
    Outside of Metro Areas 3,670 $1,466,600,000 $399,619 $7,297 4.51%
    Nmsi's top markets include

    Their top states include:
  • California (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Maryland (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.

    MYPOINT Credit Union
    Similarity Rank: 147
    Educational Employees Credit Union
    Similarity Rank: 187
    The Glen Burnie Mutual Savings Bank
    Similarity Rank: 218
    Christian Community Credit Union
    Similarity Rank: 220
    ARAPAHOE CREDIT UNION
    Similarity Rank: 256
    POINT BREEZE
    Similarity Rank: 270
    SIMPLIFI MORTGAGE, LLC
    Similarity Rank: 288
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 290
    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 318
    SAFEAMERICA CREDIT UNION
    Similarity Rank: 368

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,462 $1,391,000,000 $401,791 $7,149 4.55%
    FHA 208 $75,600,000 $363,462 $9,761 3.87%

    For 2019, Nmsi's most frequently originated type of loan was Conventional, with 3,462 originations. Their 2nd most popular type was FHA, with 208 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,846 $752,870,000 $407,839 $8,882 4.79%
    Refi 1,061 $422,725,000 $398,421 $5,089 4.04%
    Cash Out Refi 763 $291,005,000 $381,396 $6,534 4.48%

    For 2019, Nmsi's most frequently cited loan purpose was Home Purchase, with 1,846 originations. The 2nd most popular reason was Refi, with 1,061 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,418 $1,381,600,000 $404,213 $7,493 4.58%
    15 Year 189 $63,485,000 $335,899 $4,686 3.47%
    20 Year 59 $20,065,000 $340,085 $4,437 3.95%
    10 Year 4 $1,450,000 $362,500 $5,309 3.72%

    For 2019, Nmsi's most frequently cited loan duration was 30 Year, with 3,418 originations. The 2nd most popular length was 15 Year, with 189 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,312 $514,350,000 $392,035
    $5k+ 1,195 $532,475,000 $445,586
    $2k-3k 556 $218,630,000 $393,219
    $4k-5k 227 $78,835,000 $347,291
    $3k-4k 207 $72,715,000 $351,280
    $<1k 173 $49,595,000 $286,676

    Nmsi's average total fees were $7,493, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,312 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,336 $518,820,000 $388,338
    4-5% 1,311 $529,725,000 $404,062
    5-6% 885 $370,195,000 $418,299
    6-7% 96 $35,140,000 $366,042
    2.5-3% 35 $11,655,000 $333,000
    7-8% 6 $1,010,000 $168,333
    Over 8% 1 $55,000 $55,000

    During 2019, Nmsi's average interest rate for loans was 4.58%, while their most frequently originated rate bucket for loans was 3-4%, with 1,336 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,654 $506,480,000 $306,215 $6,433 4.42%
    $400k-600k 1,283 $610,885,000 $476,138 $7,960 4.49%
    $600k-1MM 369 $253,865,000 $687,981 $10,319 4.70%
    $100k-200k 303 $48,695,000 $160,710 $4,980 4.72%
    $1MM+ 35 $44,725,000 $1,277,857 $15,350 4.95%
    $100,000 or less 26 $1,950,000 $75,000 $2,877 5.92%

    2019 saw Nmsi place emphasis on $200k-400k loans with 1,654 originations, totaling $506,480,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,074 $463,090,000 $431,182 $7,664 4.51%
    $75k-100k 809 $289,555,000 $357,917 $7,135 4.49%
    $150k-250k 666 $332,230,000 $498,844 $8,247 4.62%
    $50k-75k 592 $173,460,000 $293,007 $6,210 4.42%
    $50k or less 299 $73,295,000 $245,134 $5,579 4.33%
    $250k+ 230 $134,970,000 $586,826 $8,440 4.73%

    Nmsi lent most frequently to those with incomes in the $100k-150k range, with 1,074 originations. The second most popular income band? $75k-100k, with 809 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 478 $190,210,000 $397,929 $6,808 4.37%
    20-30% 401 $144,665,000 $360,761 $6,171 4.30%
    43% 245 $99,665,000 $406,796 $8,219 4.68%
    44% 228 $93,540,000 $410,263 $7,372 4.57%
    41% 221 $88,525,000 $400,566 $8,193 4.69%
    49% 211 $83,635,000 $396,374 $6,631 4.43%
    42% 202 $81,640,000 $404,158 $7,940 4.80%
    40% 187 $75,335,000 $402,861 $7,668 4.66%
    45% 180 $74,720,000 $415,111 $7,553 4.57%
    48% 177 $69,525,000 $392,797 $6,612 4.43%
    39% 175 $68,715,000 $392,657 $8,029 4.70%
    46% 173 $72,815,000 $420,896 $7,206 4.53%
    47% 154 $64,150,000 $416,558 $6,932 4.36%
    38% 142 $59,620,000 $419,859 $8,171 4.66%
    36% 137 $54,335,000 $396,606 $7,061 4.57%
    37% 124 $50,530,000 $407,500 $7,073 4.53%
    <20% 122 $52,690,000 $431,885 $6,849 4.66%
    50-60% 68 $25,320,000 $372,353 $10,734 4.00%
    >60% 2 $660,000 $330,000 $9,685 3.75%

    Nmsi lent most frequently to those with DTI ratios of 30-36%, with 478 originations. The next most common DTI ratio? 20-30%, with 401 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 2,076 $855,180,000 $411,936 $7,524 4.66%
    White 905 $335,495,000 $370,713 $6,784 4.29%
    Not provided 603 $241,665,000 $400,771 $7,274 4.37%
    Black 67 $26,215,000 $391,269 $7,350 4.38%
    Native Hawaiian or Islander 12 $5,620,000 $468,333 $7,567 4.09%
    American Indian 7 $2,425,000 $346,429 $7,575 4.00%

    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
    99.97%

    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 3,670 $1,466,600,000 $399,619

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 3,670 $1,466,600,000 $399,619

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 197 $55,905,000 $283,782 $5,392 4.35%
    40-60% 718 $275,100,000 $383,148 $6,124 4.24%
    60-80% 1,982 $836,340,000 $421,968 $7,848 4.66%
    80-100% 733 $293,155,000 $399,939 $7,668 4.36%
    Under 20% 40 $6,100,000 $152,500 $3,664 5.61%