Movement Mortgage, Llc

INDIAN LAND, SC 29707

LEI: 549300DD4R4SYK5RAQ92

Tax ID: 26-0595342

2019 Data *Active* | 2018 Data


Overview

Movement Mortgage, Llc is a large mortgage company specializing in Home Purchase loans. Movement Mortgage, Llc has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Charlotte, Washington, Sacramento, Nashville, and Seattle among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Movement Mortgage, Llc is typically a normal medium-low/ fee lendor.


Originations

69,382

Origination Dollar Volume (All Markets)

$16,694,500,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 43,749 $10,646,835,000 $243,362
FHA 15,147 $3,286,215,000 $216,955
VA 8,742 $2,472,950,000 $282,881
USDA 1,744 $288,500,000 $165,424

Conventional loans are assumed to be 20% downpayment and either fixed/adjustable rate. FHA loans start at 3.5% downpayment and are targeted towards first time homebuyers who will be owner-occupants. USDA loans target agrarian uses such as farms. VA loans are available to members of the military. FHA, USDA and VA loans are typically subsidized by the government so as to have more favorable terms for the borrower.

Loan Reason

Loan Reason Originations Total Value Average Loan
Home Purchase 55,294 $12,589,400,000 $227,681
Other 422 $74,220,000 $175,877
Refi 9,068 $2,772,400,000 $305,734
Cash Out Refi 4,598 $1,258,480,000 $273,702

Home purchase and refinance loans are typically offered by even the most prudent banks. Cash out refi loans typically carry higher fees-- they allow homeowners to get loans against the equity (appreciated value) of their home, but can be used irresponsibly. Lendors with a high ratio of cash out refi loans may be exposed in the event of an economic downturn, and may be more aggressive with their fee schedules.

Top Markets

Market Originations Total Value Average Loan
CHARLOTTE-CONCORD-GASTONIA, NC-SC 5,820 $1,340,180,000 $230,271
Outside of Metro Areas 5,398 $1,053,180,000 $195,106
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 1,550 $517,870,000 $334,110
SACRAMENTO-ROSEVILLE-FOLSOM, CA 1,494 $490,020,000 $327,992
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 1,531 $469,025,000 $306,352
SEATTLE-BELLEVUE-KENT, WA 1,055 $448,805,000 $425,408
LOS ANGELES-LONG BEACH-GLENDALE, CA 780 $404,680,000 $518,821
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 1,924 $402,580,000 $209,241
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 851 $369,705,000 $434,436
RALEIGH-CARY, NC 1,348 $339,790,000 $252,070
TACOMA-LAKEWOOD, WA 1,072 $310,160,000 $289,328
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 1,285 $303,865,000 $236,471
PROVIDENCE-WARWICK, RI-MA 1,134 $296,940,000 $261,852
RICHMOND, VA 1,261 $268,485,000 $212,914
PHOENIX-MESA-CHANDLER, AZ 954 $242,290,000 $253,973
DENVER-AURORA-LAKEWOOD, CO 719 $241,735,000 $336,210
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 945 $233,015,000 $246,577
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 743 $219,975,000 $296,063
ASHEVILLE, NC 830 $208,850,000 $251,627
BOISE CITY, ID 882 $205,850,000 $233,390
CHATTANOOGA, TN-GA 938 $189,000,000 $201,493
ORLANDO-KISSIMMEE-SANFORD, FL 794 $186,600,000 $235,013
PHILADELPHIA, PA 732 $184,060,000 $251,448
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 612 $171,980,000 $281,013
CHARLESTON-NORTH CHARLESTON, SC 612 $165,580,000 $270,556
NEW ORLEANS-METAIRIE, LA 708 $156,040,000 $220,395
DALLAS-PLANO-IRVING, TX 574 $155,690,000 $271,237
COLUMBIA, SC 807 $155,545,000 $192,745
TAMPA-ST. PETERSBURG-CLEARWATER, FL 740 $150,050,000 $202,770
JACKSONVILLE, FL 694 $147,920,000 $213,141
AUSTIN-ROUND ROCK-GEORGETOWN, TX 467 $139,615,000 $298,961
KNOXVILLE, TN 684 $131,740,000 $192,602
COLORADO SPRINGS, CO 408 $125,100,000 $306,618
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 540 $119,150,000 $220,648
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 624 $111,200,000 $178,205
ANAHEIM-SANTA ANA-IRVINE, CA 213 $109,885,000 $515,892
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 335 $106,465,000 $317,806
HILTON HEAD ISLAND-BLUFFTON, SC 426 $102,030,000 $239,507
PITTSBURGH, PA 563 $101,975,000 $181,128
DURHAM-CHAPEL HILL, NC 418 $101,820,000 $243,589
CAPE CORAL-FORT MYERS, FL 489 $100,095,000 $204,693
BREMERTON-SILVERDALE-PORT ORCHARD, WA 325 $96,875,000 $298,077
NEWARK, NJ-PA 297 $96,785,000 $325,875
FAYETTEVILLE, NC 553 $96,405,000 $174,331
NEW BRUNSWICK-LAKEWOOD, NJ 302 $94,220,000 $311,987
JACKSONVILLE, NC 535 $93,235,000 $174,271
BIRMINGHAM-HOOVER, AL 438 $93,170,000 $212,717
GREENSBORO-HIGH POINT, NC 588 $91,540,000 $155,680
SALISBURY, MD-DE 396 $87,790,000 $221,692
FORT WORTH-ARLINGTON-GRAPEVINE, TX 363 $85,055,000 $234,311
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 214 $83,670,000 $390,981
ANCHORAGE, AK 276 $82,420,000 $298,623
BALTIMORE-COLUMBIA-TOWSON, MD 310 $80,110,000 $258,419
KANSAS CITY, MO-KS 419 $79,425,000 $189,558
LAS VEGAS-HENDERSON-PARADISE, NV 313 $78,835,000 $251,869
ROANOKE, VA 465 $76,625,000 $164,785
WINSTON-SALEM, NC 452 $75,340,000 $166,681
SAN ANTONIO-NEW BRAUNFELS, TX 374 $74,710,000 $199,759
CHICAGO-NAPERVILLE-EVANSTON, IL 278 $73,170,000 $263,201
OAKLAND-BERKELEY-LIVERMORE, CA 167 $71,955,000 $430,868
GREENVILLE-ANDERSON, SC 370 $68,460,000 $185,027
LYNCHBURG, VA 444 $66,420,000 $149,595
YORK-HANOVER, PA 369 $62,785,000 $170,149
NORTH PORT-SARASOTA-BRADENTON, FL 261 $60,285,000 $230,977
BOSTON, MA 162 $59,000,000 $364,198
SPOKANE-SPOKANE VALLEY, WA 333 $58,485,000 $175,631
BATON ROUGE, LA 288 $58,360,000 $202,639
OLYMPIA-LACEY-TUMWATER, WA 209 $57,615,000 $275,670
TUCSON, AZ 280 $56,720,000 $202,571
WILMINGTON, NC 250 $56,690,000 $226,760
MANCHESTER-NASHUA, NH 226 $54,800,000 $242,478
DAPHNE-FAIRHOPE-FOLEY, AL 233 $54,215,000 $232,682
MEDFORD, OR 213 $53,645,000 $251,854
TALLAHASSEE, FL 297 $52,855,000 $177,963
HICKORY-LENOIR-MORGANTON, NC 297 $51,945,000 $174,899
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 265 $50,965,000 $192,321
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 138 $50,520,000 $366,087
LOGAN, UT-ID 204 $49,840,000 $244,314
STOCKTON, CA 151 $48,775,000 $323,013
MODESTO, CA 191 $45,455,000 $237,984
CHARLOTTESVILLE, VA 188 $44,900,000 $238,830
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 171 $44,685,000 $261,316
BUFFALO-CHEEKTOWAGA, NY 245 $43,335,000 $176,878
NAPLES-MARCO ISLAND, FL 174 $43,190,000 $248,218
AUGUSTA-RICHMOND COUNTY, GA-SC 227 $42,365,000 $186,630
WICHITA, KS 260 $41,490,000 $159,577
SPARTANBURG, SC 255 $40,635,000 $159,353
HUNTSVILLE, AL 204 $40,460,000 $198,333
LOUISVILLE/JEFFERSON COUNTY, KY-IN 252 $40,330,000 $160,040
LAKELAND-WINTER HAVEN, FL 225 $39,795,000 $176,867
NASSAU COUNTY-SUFFOLK COUNTY, NY 94 $39,210,000 $417,128
WILMINGTON, DE-MD-NJ 163 $39,015,000 $239,356
OXNARD-THOUSAND OAKS-VENTURA, CA 83 $38,085,000 $458,855
SUMTER, SC 211 $37,965,000 $179,929
KAHULUI-WAILUKU-LAHAINA, HI 75 $36,595,000 $487,933
HUNTINGTON-ASHLAND, WV-KY-OH 245 $35,765,000 $145,980
RENO, NV 116 $35,440,000 $305,517
ALBANY-LEBANON, OR 145 $35,225,000 $242,931
SAVANNAH, GA 155 $35,105,000 $226,484
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 106 $34,860,000 $328,868
CAMDEN, NJ 164 $34,710,000 $211,646
OKLAHOMA CITY, OK 178 $33,610,000 $188,820
MONROE, LA 185 $33,305,000 $180,027
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 64 $32,490,000 $507,656
URBAN HONOLULU, HI 62 $32,430,000 $523,065
OGDEN-CLEARFIELD, UT 115 $31,155,000 $270,913
SEBASTIAN-VERO BEACH, FL 164 $30,960,000 $188,780
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 149 $30,135,000 $202,248
NEW BERN, NC 181 $29,735,000 $164,282
BURLINGTON, NC 190 $29,700,000 $156,316
JOHNSON CITY, TN 183 $29,125,000 $159,153
ATHENS-CLARKE COUNTY, GA 150 $28,800,000 $192,000
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 95 $28,155,000 $296,368
ROCHESTER, NY 188 $27,950,000 $148,670
CHICO, CA 97 $26,915,000 $277,474
REDDING, CA 123 $26,905,000 $218,740
SPRINGFIELD, MA 139 $26,845,000 $193,129
MEMPHIS, TN-MS-AR 121 $26,645,000 $220,207
EL PASO, TX 180 $26,390,000 $146,611
SHREVEPORT-BOSSIER CITY, LA 137 $26,295,000 $191,934
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 99 $25,435,000 $256,919
PALM BAY-MELBOURNE-TITUSVILLE, FL 119 $25,285,000 $212,479
WORCESTER, MA-CT 105 $24,805,000 $236,238
MIAMI-MIAMI BEACH-KENDALL, FL 88 $23,370,000 $265,568
STAUNTON, VA 135 $22,485,000 $166,556
YUBA CITY, CA 84 $22,110,000 $263,214
HARRISONBURG, VA 114 $21,770,000 $190,965
WARREN-TROY-FARMINGTON HILLS, MI 112 $21,720,000 $193,929
SALEM, OR 82 $21,540,000 $262,683
GOLDSBORO, NC 125 $21,495,000 $171,960
BELLINGHAM, WA 67 $19,975,000 $298,134
SYRACUSE, NY 128 $19,870,000 $155,234
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 96 $19,810,000 $206,354
BLACKSBURG-CHRISTIANSBURG, VA 101 $19,775,000 $195,792
VALLEJO, CA 62 $19,680,000 $317,419
MCALLEN-EDINBURG-MISSION, TX 118 $19,310,000 $163,644
KINGSPORT-BRISTOL, TN-VA 143 $18,685,000 $130,664
ERIE, PA 145 $18,585,000 $128,172
PORT ST. LUCIE, FL 92 $18,400,000 $200,000
HAMMOND, LA 104 $18,170,000 $174,712
PARKERSBURG-VIENNA, WV 128 $17,630,000 $137,734
WATERTOWN-FORT DRUM, NY 96 $16,600,000 $172,917
GREELEY, CO 57 $15,925,000 $279,386
BECKLEY, WV 127 $15,505,000 $122,087
TULSA, OK 73 $15,445,000 $211,575
READING, PA 74 $14,180,000 $191,622
HARRISBURG-CARLISLE, PA 72 $13,820,000 $191,944
SANTA MARIA-SANTA BARBARA, CA 38 $13,340,000 $351,053
BURLINGTON-SOUTH BURLINGTON, VT 54 $13,130,000 $243,148
OMAHA-COUNCIL BLUFFS, NE-IA 54 $13,020,000 $241,111
BAKERSFIELD, CA 82 $13,000,000 $158,537
FRESNO, CA 69 $12,925,000 $187,319
LAWRENCE, KS 62 $12,890,000 $207,903
LANCASTER, PA 63 $12,475,000 $198,016
BRIDGEPORT-STAMFORD-NORWALK, CT 32 $12,340,000 $385,625
CHARLESTON, WV 94 $12,340,000 $131,277
BOWLING GREEN, KY 91 $12,095,000 $132,912
LAREDO, TX 71 $11,615,000 $163,592
FLORENCE, SC 68 $11,570,000 $170,147
ST. LOUIS, MO-IL 53 $11,445,000 $215,943
TWIN FALLS, ID 78 $11,420,000 $146,410
MERCED, CA 49 $11,075,000 $226,020
LONGVIEW, WA 45 $10,655,000 $236,778
CARSON CITY, NV 40 $10,530,000 $263,250
NEW HAVEN-MILFORD, CT 48 $10,490,000 $218,542
CLEVELAND, TN 56 $10,390,000 $185,536
CLARKSVILLE, TN-KY 69 $10,225,000 $148,188
MILWAUKEE-WAUKESHA, WI 50 $10,170,000 $203,400
MOUNT VERNON-ANACORTES, WA 34 $9,600,000 $282,353
CORVALLIS, OR 31 $9,445,000 $304,677
DES MOINES-WEST DES MOINES, IA 59 $9,195,000 $155,847
UTICA-ROME, NY 70 $9,160,000 $130,857
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 34 $9,110,000 $267,941
TRENTON-PRINCETON, NJ 34 $8,930,000 $262,647
SAN LUIS OBISPO-PASO ROBLES, CA 20 $8,780,000 $439,000
FLINT, MI 64 $8,600,000 $134,375
FORT COLLINS, CO 27 $8,245,000 $305,370
MIDLAND, TX 30 $8,130,000 $271,000
BINGHAMTON, NY 68 $8,040,000 $118,235
TYLER, TX 45 $7,905,000 $175,667
OCEAN CITY, NJ 25 $7,895,000 $315,800
HOMOSASSA SPRINGS, FL 60 $7,790,000 $129,833
SALT LAKE CITY, UT 22 $7,650,000 $347,727
GREENVILLE, NC 50 $7,610,000 $152,200
LAS CRUCES, NM 35 $7,535,000 $215,286
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 14 $7,470,000 $533,571
CINCINNATI, OH-KY-IN 52 $7,260,000 $139,615
DETROIT-DEARBORN-LIVONIA, MI 56 $7,200,000 $128,571
COLUMBUS, OH 47 $7,165,000 $152,447
BOULDER, CO 23 $7,125,000 $309,783
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 25 $7,065,000 $282,600
PUNTA GORDA, FL 38 $6,970,000 $183,421
CALIFORNIA-LEXINGTON PARK, MD 25 $6,895,000 $275,800
HAGERSTOWN-MARTINSBURG, MD-WV 34 $6,620,000 $194,706
GAINESVILLE, GA 23 $6,605,000 $287,174
PANAMA CITY, FL 34 $6,500,000 $191,176
ANN ARBOR, MI 29 $6,485,000 $223,621
VINELAND-BRIDGETON, NJ 44 $6,450,000 $146,591
NORWICH-NEW LONDON, CT 27 $6,415,000 $237,593
ELMIRA, NY 54 $6,410,000 $118,704
DALTON, GA 40 $6,360,000 $159,000
OCALA, FL 42 $6,170,000 $146,905
PENSACOLA-FERRY PASS-BRENT, FL 30 $6,060,000 $202,000
GAINESVILLE, FL 48 $6,030,000 $125,625
PORTLAND-SOUTH PORTLAND, ME 23 $5,955,000 $258,913
DOVER, DE 27 $5,905,000 $218,704
GRANTS PASS, OR 20 $5,860,000 $293,000
CORPUS CHRISTI, TX 31 $5,855,000 $188,871
BEND, OR 13 $5,745,000 $441,923
PROVO-OREM, UT 16 $5,670,000 $354,375
BARNSTABLE TOWN, MA 17 $5,375,000 $316,176
LAKE HAVASU CITY-KINGMAN, AZ 22 $5,080,000 $230,909
DAYTON-KETTERING, OH 32 $5,020,000 $156,875
SHERMAN-DENISON, TX 22 $5,010,000 $227,727
WARNER ROBINS, GA 30 $4,980,000 $166,000
PRESCOTT VALLEY-PRESCOTT, AZ 20 $4,940,000 $247,000
ALBANY-SCHENECTADY-TROY, NY 28 $4,870,000 $173,929
LEXINGTON-FAYETTE, KY 29 $4,865,000 $167,759
SCRANTON--WILKES-BARRE, PA 31 $4,645,000 $149,839
ATLANTIC CITY-HAMMONTON, NJ 21 $4,505,000 $214,524
GETTYSBURG, PA 22 $4,500,000 $204,545
VALDOSTA, GA 26 $4,460,000 $171,538
WENATCHEE, WA 17 $4,345,000 $255,588
DECATUR, AL 27 $4,245,000 $157,222
WINCHESTER, VA-WV 21 $4,215,000 $200,714
ST. JOSEPH, MO-KS 20 $4,100,000 $205,000
COEUR D'ALENE, ID 14 $4,020,000 $287,143
SALINAS, CA 10 $3,910,000 $391,000
ELGIN, IL 22 $3,900,000 $177,273
SPRINGFIELD, MO 20 $3,690,000 $184,500
SANTA ROSA-PETALUMA, CA 9 $3,515,000 $390,556
EVANSVILLE, IN-KY 27 $3,495,000 $129,444
EUGENE-SPRINGFIELD, OR 12 $3,200,000 $266,667
ROCKY MOUNT, NC 20 $3,120,000 $156,000
MORRISTOWN, TN 21 $3,045,000 $145,000
PUEBLO, CO 12 $3,000,000 $250,000
KILLEEN-TEMPLE, TX 17 $2,965,000 $174,412
LEBANON, PA 16 $2,950,000 $184,375
NAPA, CA 6 $2,870,000 $478,333
PITTSFIELD, MA 17 $2,745,000 $161,471
ST. GEORGE, UT 10 $2,690,000 $269,000
EAST STROUDSBURG, PA 14 $2,490,000 $177,857
MOBILE, AL 18 $2,450,000 $136,111
TOPEKA, KS 19 $2,405,000 $126,579
ALTOONA, PA 14 $2,400,000 $171,429
SIERRA VISTA-DOUGLAS, AZ 17 $2,335,000 $137,353
GULFPORT-BILOXI, MS 12 $2,300,000 $191,667
HINESVILLE, GA 12 $2,220,000 $185,000
LAFAYETTE, LA 13 $2,205,000 $169,615
CLEVELAND-ELYRIA, OH 9 $2,125,000 $236,111
MACON-BIBB COUNTY, GA 14 $2,120,000 $151,429
COLUMBIA, MO 14 $2,040,000 $145,714
MADERA, CA 11 $1,945,000 $176,818
LAKE COUNTY-KENOSHA COUNTY, IL-WI 8 $1,870,000 $233,750
LANSING-EAST LANSING, MI 13 $1,785,000 $137,308
ITHACA, NY 9 $1,765,000 $196,111
BEAUMONT-PORT ARTHUR, TX 8 $1,760,000 $220,000
JEFFERSON CITY, MO 13 $1,715,000 $131,923
YAKIMA, WA 8 $1,620,000 $202,500
ODESSA, TX 8 $1,520,000 $190,000
MORGANTOWN, WV 8 $1,510,000 $188,750
MONTGOMERY, AL 8 $1,510,000 $188,750
BLOOMSBURG-BERWICK, PA 9 $1,475,000 $163,889
VISALIA, CA 8 $1,460,000 $182,500
THE VILLAGES, FL 9 $1,355,000 $150,556
CHAMBERSBURG-WAYNESBORO, PA 7 $1,325,000 $189,286
INDIANAPOLIS-CARMEL-ANDERSON, IN 9 $1,315,000 $146,111
ALEXANDRIA, LA 7 $1,315,000 $187,857
MADISON, WI 3 $1,195,000 $398,333
SAN RAFAEL, CA 2 $1,190,000 $595,000
SANTA CRUZ-WATSONVILLE, CA 2 $1,180,000 $590,000
COLUMBUS, GA-AL 9 $1,145,000 $127,222
JACKSON, TN 9 $1,135,000 $126,111
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 6 $1,110,000 $185,000
TUSCALOOSA, AL 9 $1,025,000 $113,889
EAU CLAIRE, WI 4 $1,020,000 $255,000
ELIZABETHTOWN-FORT KNOX, KY 6 $1,010,000 $168,333
BROWNSVILLE-HARLINGEN, TX 5 $1,005,000 $201,000
FLAGSTAFF, AZ 4 $1,000,000 $250,000
GARY, IN 4 $990,000 $247,500
IDAHO FALLS, ID 5 $975,000 $195,000
COLLEGE STATION-BRYAN, TX 4 $950,000 $237,500
RACINE, WI 6 $940,000 $156,667
KENNEWICK-RICHLAND, WA 3 $865,000 $288,333
EL CENTRO, CA 8 $860,000 $107,500
SEBRING-AVON PARK, FL 5 $845,000 $169,000
SAGINAW, MI 9 $835,000 $92,778
ROME, GA 4 $830,000 $207,500
OWENSBORO, KY 10 $830,000 $83,000
LEWISTON, ID-WA 5 $825,000 $165,000
LONGVIEW, TX 5 $825,000 $165,000
JACKSON, MI 9 $815,000 $90,556
AUBURN-OPELIKA, AL 3 $775,000 $258,333
CASPER, WY 3 $775,000 $258,333
HOUMA-THIBODAUX, LA 4 $760,000 $190,000
GRAND RAPIDS-KENTWOOD, MI 4 $720,000 $180,000
WACO, TX 3 $685,000 $228,333
LEWISTON-AUBURN, ME 3 $675,000 $225,000
JOHNSTOWN, PA 4 $660,000 $165,000
ALBANY, GA 5 $655,000 $131,000
FLORENCE-MUSCLE SHOALS, AL 3 $655,000 $218,333
ALBUQUERQUE, NM 3 $655,000 $218,333
STATE COLLEGE, PA 2 $650,000 $325,000
WICHITA FALLS, TX 3 $635,000 $211,667
FAIRBANKS, AK 2 $630,000 $315,000
GLENS FALLS, NY 3 $615,000 $205,000
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 2 $570,000 $285,000
POCATELLO, ID 2 $560,000 $280,000
DULUTH, MN-WI 3 $525,000 $175,000
CANTON-MASSILLON, OH 3 $525,000 $175,000
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 4 $500,000 $125,000
HATTIESBURG, MS 3 $455,000 $151,667
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 2 $450,000 $225,000
CHEYENNE, WY 2 $450,000 $225,000
BRUNSWICK, GA 3 $435,000 $145,000
LAKE CHARLES, LA 2 $430,000 $215,000
AMARILLO, TX 2 $410,000 $205,000
BATTLE CREEK, MI 2 $380,000 $190,000
KINGSTON, NY 2 $370,000 $185,000
TEXARKANA, TX-AR 2 $370,000 $185,000
KALAMAZOO-PORTAGE, MI 2 $350,000 $175,000
LINCOLN, NE 2 $350,000 $175,000
WALLA WALLA, WA 3 $345,000 $115,000
AKRON, OH 2 $310,000 $155,000
TOLEDO, OH 3 $305,000 $101,667
APPLETON, WI 1 $295,000 $295,000
GRAND JUNCTION, CO 1 $295,000 $295,000
SPRINGFIELD, OH 2 $290,000 $145,000
HANFORD-CORCORAN, CA 1 $275,000 $275,000
SPRINGFIELD, IL 2 $270,000 $135,000
MANHATTAN, KS 1 $255,000 $255,000
NILES, MI 1 $245,000 $245,000
MANSFIELD, OH 1 $235,000 $235,000
MANKATO, MN 2 $230,000 $115,000
YUMA, AZ 1 $225,000 $225,000
BAY CITY, MI 4 $200,000 $50,000
SAN ANGELO, TX 1 $195,000 $195,000
MONROE, MI 1 $195,000 $195,000
LA CROSSE-ONALASKA, WI-MN 1 $195,000 $195,000
ST. CLOUD, MN 1 $185,000 $185,000
ANNISTON-OXFORD, AL 2 $170,000 $85,000
MICHIGAN CITY-LA PORTE, IN 1 $165,000 $165,000
LUBBOCK, TX 1 $165,000 $165,000
JOPLIN, MO 1 $155,000 $155,000
GRAND ISLAND, NE 1 $155,000 $155,000
CAPE GIRARDEAU, MO-IL 1 $155,000 $155,000
GADSDEN, AL 1 $145,000 $145,000
BLOOMINGTON, IL 1 $135,000 $135,000
ROCHESTER, MN 1 $135,000 $135,000
ROCKFORD, IL 2 $130,000 $65,000
TERRE HAUTE, IN 1 $125,000 $125,000
SHEBOYGAN, WI 1 $125,000 $125,000
ENID, OK 1 $115,000 $115,000
DOTHAN, AL 1 $105,000 $105,000
MIDLAND, MI 1 $85,000 $85,000
DANVILLE, IL 1 $85,000 $85,000
BANGOR, ME 1 $75,000 $75,000
FORT SMITH, AR-OK 1 $65,000 $65,000
ELKHART-GOSHEN, IN 1 $65,000 $65,000
LAWTON, OK 1 $65,000 $65,000
WHEELING, WV-OH 1 $55,000 $55,000

Lendors vary in competitiveness at the per market level-- meaning they may have better terms, deals or promotions based on the mortgaged property's location.

Interest Rate & Spreads

Loan Rate Originations Total Value Average Loan
<2.5% 502 $4,260,000 $8,486
2.5-3% 449 $88,025,000 $196,047
3-4% 30,812 $8,348,150,000 $270,938
4-5% 29,385 $7,039,765,000 $239,570
5-6% 6,429 $1,150,455,000 $178,948
6-7% 278 $45,670,000 $164,281
7-8% 15 $4,935,000 $329,000
Over 8% 2 $480,000 $240,000

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 7,240 $312,160,000 $43,116
$100k-200k 22,458 $3,461,210,000 $154,119
$200k-400k 31,746 $8,804,270,000 $277,335
$400k-600k 6,582 $3,080,570,000 $468,029
$600k-1000k 1,208 $851,420,000 $704,818
$Over $1MM 148 $184,870,000 $1,249,122

Different banks have different objectives. Some banks focus solely on high net worth individuals. Others focus on FHA loans for lower income applicants. Knowing what a bank specializes in allows better optimization given the applicant's financial situation.

LTV Distribution

Loan to Value Originations Total Value Average Loan
20-40% 923 $157,835,000 $171,002
40-60% 3,068 $736,510,000 $240,062
60-80% 14,067 $3,913,605,000 $278,212
80-100% 45,548 $11,222,210,000 $246,382
Over 100% 2,171 $626,255,000 $288,464
Under 20% 3,598 $37,650,000 $10,464

LTV, or loan-to-value, is the amount loaned relative to a home's value. Lower LTV lending implies a larger downpayment-- reducing risk to the lendor. FHA loans will nearly always have a higher LTV due to the lower downpayment requirements. Higher LTVs may also mean a bank is charging higher fees or interest rates to compensate for their risk exposure.

Applicant Income

Applicant Income Originations Total Value Average Loan
$100k-150k 12,721 $3,829,905,000 $301,069
$150k-250k 6,585 $2,431,095,000 $369,187
$50k-75k 18,932 $3,645,950,000 $192,581
$50k-or less 15,928 $2,564,320,000 $160,994
$75k-100k 12,602 $3,095,910,000 $245,668
$Over $250k 2,225 $1,023,665,000 $460,074

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 54,845 $13,192,845,000 $240,548
Black 6,594 $1,359,290,000 $206,140
Not provided 4,572 $1,189,280,000 $260,122
Asian 2,403 $709,345,000 $295,191
American Indian 571 $131,095,000 $229,588
Native Hawaiian 195 $55,475,000 $284,487
Filipino 59 $15,985,000 $270,932
Asian Indian 44 $14,610,000 $332,045
Other Asian 36 $8,620,000 $239,444
Korean 13 $5,105,000 $392,692
Chinese 12 $4,210,000 $350,833
Other Pacific Islander 20 $4,100,000 $205,000
Vietnamese 11 $2,845,000 $258,636
Guamanian 3 $725,000 $241,667
Japanese 2 $400,000 $200,000
Samoan 1 $315,000 $315,000
Native Hawiian 1 $255,000 $255,000

Approval Rates

Total approvals of all applications
93.16%

A high approval rate means banks are more selective in who they market to or that they are loosey-goosey with who they lend to. Low approval rates may mean a lendor is more stringent in their lending standards.

Pick Rate

Approvals leading to origination
80.31%

A bank's pick rate is how often they are chosen by an applicant once approved. A high pick rate typically means the bank has some sort of advantage-- either the best terms (rates/fees), fastest closing time or even the best customer service. Banks with <75% pick rate may need further investigation as to why they are not more competitive.

Points and Fees

Points Originations Total Value Average Loan
0.0 64 $2,670,000 $41,719
1334.27 1 $395,000 $395,000
1340.0 1 $225,000 $225,000
1395.0 1 $305,000 $305,000
1435.0 1 $285,000 $285,000
1469.0 1 $145,000 $145,000
1476.25 1 $305,000 $305,000
1573.13 1 $385,000 $385,000
1729.38 1 $235,000 $235,000
1734.88 1 $275,000 $275,000
1740.0 1 $335,000 $335,000
1890.0 1 $135,000 $135,000
2015.0 1 $125,000 $125,000
2026.38 1 $235,000 $235,000
2155.0 1 $195,000 $195,000
2157.5 1 $145,000 $145,000
2164.38 1 $355,000 $355,000
2192.5 1 $265,000 $265,000
2220.0 1 $85,000 $85,000
2240.0 1 $105,000 $105,000
2641.6 1 $75,000 $75,000
2651.92 1 $215,000 $215,000
2671.75 1 $185,000 $185,000
270.0 1 $785,000 $785,000
2705.0 1 $275,000 $275,000
2720.7 1 $185,000 $185,000
2810.0 1 $445,000 $445,000
2960.0 1 $295,000 $295,000
3145.35 1 $135,000 $135,000
3168.27 1 $445,000 $445,000
3210.63 1 $535,000 $535,000
3245.0 1 $215,000 $215,000
3445.0 1 $205,000 $205,000
3588.74 1 $125,000 $125,000
4202.75 1 $725,000 $725,000
4354.0 1 $305,000 $305,000
4795.0 1 $175,000 $175,000
4827.75 1 $315,000 $315,000
4909.0 1 $365,000 $365,000
5489.6 1 $395,000 $395,000
5580.0 1 $445,000 $445,000
672.3 1 $305,000 $305,000
7145.0 1 $475,000 $475,000
721.92 1 $285,000 $285,000
771.0 1 $165,000 $165,000
786.69 1 $355,000 $355,000
7999.62 1 $915,000 $915,000
870.95 1 $135,000 $135,000
972.5 1 $125,000 $125,000
NA 69,270 $16,677,690,000 $240,764

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 15,640 $3,230,730,000 $206,568
$1k-2k 36,830 $8,928,520,000 $242,425
$2k-3k 7,160 $1,716,320,000 $239,709
$3k-4k 4,921 $1,405,585,000 $285,630
$5k+ 2,015 $791,945,000 $393,025

Banks make money on their float/interest spread (fees charged to borrowers vs fees they pay for their capital), for servicing loans, as well as charging origination fees when a loan is disbursed. Modern low-cost efficient lendors can have fees totaling less than $500 for many mortgages-- as low as $250 in some cases. Average lendors will be in the $1k-2k range and high cost lendors will be even more. The costs incurred by the bank will be similar no matter the loan amount, so this is to be viewed as a profit center for most banks.

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 936 $136,320,000 $145,641
Single Family (1-4 Units):Site-Built 68,446 $16,558,180,000 $241,916