Mortgage Research Center Llc

Columbia, MO 65203

LEI: 549300DD5QQUHO6PCH70

Tax ID: 43-1965151

2019 Data *Active* | 2018 Data


Overview

Mortgage Research Center Llc is a large mortgage company specializing in Home Purchase loans. Mortgage Research Center Llc has a low ratio of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Washington, Virginia Beach, Atlanta, Clarksville, and Phoenix among others. They have an 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. Mortgage Research Center Llc is typically a low/ fee lendor.


Originations

66,465

Origination Dollar Volume (All Markets)

$16,373,285,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 975 $189,855,000 $194,723
FHA 1,040 $194,700,000 $187,212
VA 64,329 $15,970,615,000 $248,265
USDA 121 $18,115,000 $149,711

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 52,371 $12,515,045,000 $238,969
Refi 8,723 $2,462,755,000 $282,329
Cash Out Refi 5,371 $1,395,485,000 $259,818

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
Outside of Metro Areas 10,196 $2,019,610,000 $198,079
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 1,130 $449,880,000 $398,124
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 1,652 $434,620,000 $263,087
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 1,628 $395,570,000 $242,979
CLARKSVILLE, TN-KY 1,642 $344,720,000 $209,939
PHOENIX-MESA-CHANDLER, AZ 1,016 $273,280,000 $268,976
TAMPA-ST. PETERSBURG-CLEARWATER, FL 1,009 $251,345,000 $249,103
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 517 $248,635,000 $480,919
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 671 $234,125,000 $348,920
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 884 $221,250,000 $250,283
COLORADO SPRINGS, CO 734 $219,870,000 $299,550
LAS VEGAS-HENDERSON-PARADISE, NV 731 $214,905,000 $293,988
SAN ANTONIO-NEW BRAUNFELS, TX 816 $205,090,000 $251,336
JACKSONVILLE, FL 760 $184,010,000 $242,118
ST. LOUIS, MO-IL 882 $182,940,000 $207,415
LOS ANGELES-LONG BEACH-GLENDALE, CA 385 $182,705,000 $474,558
TACOMA-LAKEWOOD, WA 500 $174,680,000 $349,360
DALLAS-PLANO-IRVING, TX 594 $170,180,000 $286,498
CHICAGO-NAPERVILLE-EVANSTON, IL 662 $164,240,000 $248,097
DENVER-AURORA-LAKEWOOD, CO 432 $161,440,000 $373,704
CHARLOTTE-CONCORD-GASTONIA, NC-SC 624 $158,410,000 $253,862
BALTIMORE-COLUMBIA-TOWSON, MD 474 $153,550,000 $323,945
FAYETTEVILLE, NC 806 $150,810,000 $187,109
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 555 $150,675,000 $271,486
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 405 $141,815,000 $350,160
SEATTLE-BELLEVUE-KENT, WA 326 $141,230,000 $433,221
ORLANDO-KISSIMMEE-SANFORD, FL 516 $138,610,000 $268,624
FORT WORTH-ARLINGTON-GRAPEVINE, TX 518 $131,280,000 $253,436
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 436 $121,470,000 $278,601
OMAHA-COUNCIL BLUFFS, NE-IA 516 $120,590,000 $233,702
AUSTIN-ROUND ROCK-GEORGETOWN, TX 389 $114,955,000 $295,514
KANSAS CITY, MO-KS 512 $114,570,000 $223,770
KILLEEN-TEMPLE, TX 561 $103,875,000 $185,160
SACRAMENTO-ROSEVILLE-FOLSOM, CA 257 $97,775,000 $380,447
INDIANAPOLIS-CARMEL-ANDERSON, IN 467 $97,645,000 $209,090
OKLAHOMA CITY, OK 467 $95,835,000 $205,214
SAVANNAH, GA 439 $95,815,000 $218,257
CHARLESTON-NORTH CHARLESTON, SC 352 $91,190,000 $259,063
RICHMOND, VA 329 $88,445,000 $268,830
CINCINNATI, OH-KY-IN 415 $83,675,000 $201,627
AUGUSTA-RICHMOND COUNTY, GA-SC 383 $83,615,000 $218,316
URBAN HONOLULU, HI 154 $82,440,000 $535,325
NEW BRUNSWICK-LAKEWOOD, NJ 261 $82,225,000 $315,038
COLUMBUS, OH 382 $81,760,000 $214,031
RALEIGH-CARY, NC 291 $81,065,000 $278,574
PALM BAY-MELBOURNE-TITUSVILLE, FL 323 $79,195,000 $245,186
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 253 $78,435,000 $310,020
PROVIDENCE-WARWICK, RI-MA 260 $72,820,000 $280,077
WARREN-TROY-FARMINGTON HILLS, MI 318 $72,310,000 $227,390
OAKLAND-BERKELEY-LIVERMORE, CA 130 $71,350,000 $548,846
MEMPHIS, TN-MS-AR 303 $70,365,000 $232,228
PENSACOLA-FERRY PASS-BRENT, FL 295 $67,495,000 $228,797
PITTSBURGH, PA 331 $66,255,000 $200,166
OLYMPIA-LACEY-TUMWATER, WA 206 $65,500,000 $317,961
NEWARK, NJ-PA 198 $64,690,000 $326,717
ANCHORAGE, AK 199 $63,945,000 $321,332
JACKSONVILLE, NC 337 $63,905,000 $189,629
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 155 $62,985,000 $406,355
BOSTON, MA 156 $62,650,000 $401,603
ANAHEIM-SANTA ANA-IRVINE, CA 113 $61,605,000 $545,177
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 272 $61,330,000 $225,478
TUCSON, AZ 255 $60,085,000 $235,627
GREENVILLE-ANDERSON, SC 269 $59,755,000 $222,138
CAMDEN, NJ 248 $58,830,000 $237,218
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 200 $58,350,000 $291,750
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 239 $58,325,000 $244,038
LAKELAND-WINTER HAVEN, FL 268 $57,940,000 $216,194
CLEVELAND-ELYRIA, OH 305 $57,935,000 $189,951
COLUMBIA, SC 273 $56,645,000 $207,491
BREMERTON-SILVERDALE-PORT ORCHARD, WA 167 $56,625,000 $339,072
BOISE CITY, ID 198 $56,620,000 $285,960
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 128 $55,490,000 $433,516
ALBUQUERQUE, NM 233 $54,805,000 $235,215
SPOKANE-SPOKANE VALLEY, WA 211 $54,565,000 $258,602
HINESVILLE, GA 308 $53,630,000 $174,123
NEW ORLEANS-METAIRIE, LA 232 $51,960,000 $223,966
LOUISVILLE/JEFFERSON COUNTY, KY-IN 236 $51,680,000 $218,983
ELIZABETHTOWN-FORT KNOX, KY 252 $51,500,000 $204,365
COLUMBUS, GA-AL 248 $51,360,000 $207,097
HUNTSVILLE, AL 210 $51,190,000 $243,762
NORTH PORT-SARASOTA-BRADENTON, FL 200 $51,050,000 $255,250
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 119 $50,945,000 $428,109
DAYTON-KETTERING, OH 258 $49,280,000 $191,008
KNOXVILLE, TN 218 $48,190,000 $221,055
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 256 $47,420,000 $185,234
EL PASO, TX 252 $46,750,000 $185,516
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 153 $46,575,000 $304,412
CAPE CORAL-FORT MYERS, FL 194 $45,930,000 $236,753
VALLEJO, CA 107 $43,995,000 $411,168
MILWAUKEE-WAUKESHA, WI 191 $43,885,000 $229,764
WORCESTER, MA-CT 157 $43,595,000 $277,675
OGDEN-CLEARFIELD, UT 156 $43,500,000 $278,846
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 135 $43,485,000 $322,111
BIRMINGHAM-HOOVER, AL 198 $43,370,000 $219,040
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 196 $43,360,000 $221,224
TULSA, OK 214 $42,380,000 $198,037
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 171 $41,455,000 $242,427
OXNARD-THOUSAND OAKS-VENTURA, CA 77 $41,195,000 $535,000
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 193 $40,835,000 $211,580
MIAMI-MIAMI BEACH-KENDALL, FL 128 $39,760,000 $310,625
LAWTON, OK 219 $39,675,000 $181,164
WARNER ROBINS, GA 198 $39,310,000 $198,535
LAKE COUNTY-KENOSHA COUNTY, IL-WI 168 $39,120,000 $232,857
MANCHESTER-NASHUA, NH 134 $39,060,000 $291,493
PORT ST. LUCIE, FL 163 $38,505,000 $236,227
COLUMBIA, MO 162 $35,720,000 $220,494
SALEM, OR 121 $35,325,000 $291,942
WINSTON-SALEM, NC 171 $34,185,000 $199,912
PORTLAND-SOUTH PORTLAND, ME 120 $33,590,000 $279,917
SALT LAKE CITY, UT 111 $33,085,000 $298,063
GULFPORT-BILOXI, MS 174 $33,080,000 $190,115
BAKERSFIELD, CA 131 $33,045,000 $252,252
CHATTANOOGA, TN-GA 151 $32,515,000 $215,331
VALDOSTA, GA 174 $32,420,000 $186,322
GREENSBORO-HIGH POINT, NC 156 $32,020,000 $205,256
DOVER, DE 125 $32,005,000 $256,040
WILMINGTON, DE-MD-NJ 124 $31,190,000 $251,532
PANAMA CITY, FL 134 $31,150,000 $232,463
GREELEY, CO 98 $30,790,000 $314,184
ELGIN, IL 124 $30,520,000 $246,129
JACKSON, MS 132 $30,510,000 $231,136
FRESNO, CA 106 $30,250,000 $285,377
OCALA, FL 171 $29,995,000 $175,409
RENO, NV 85 $29,915,000 $351,941
HILTON HEAD ISLAND-BLUFFTON, SC 122 $29,830,000 $244,508
GARY, IN 135 $29,625,000 $219,444
MODESTO, CA 92 $28,600,000 $310,870
DETROIT-DEARBORN-LIVONIA, MI 161 $28,145,000 $174,814
FAIRBANKS, AK 104 $27,790,000 $267,212
NASSAU COUNTY-SUFFOLK COUNTY, NY 68 $27,680,000 $407,059
HAGERSTOWN-MARTINSBURG, MD-WV 114 $27,650,000 $242,544
DES MOINES-WEST DES MOINES, IA 124 $27,370,000 $220,726
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 120 $27,000,000 $225,000
LAKE HAVASU CITY-KINGMAN, AZ 122 $26,620,000 $218,197
NEW HAVEN-MILFORD, CT 107 $26,615,000 $248,738
PHILADELPHIA, PA 121 $25,765,000 $212,934
DURHAM-CHAPEL HILL, NC 102 $25,760,000 $252,549
EUGENE-SPRINGFIELD, OR 91 $25,235,000 $277,308
WICHITA, KS 137 $24,965,000 $182,226
CORPUS CHRISTI, TX 110 $24,840,000 $225,818
STOCKTON, CA 66 $24,790,000 $375,606
MONTGOMERY, AL 120 $24,730,000 $206,083
SHREVEPORT-BOSSIER CITY, LA 116 $24,100,000 $207,759
YORK-HANOVER, PA 103 $23,805,000 $231,117
PRESCOTT VALLEY-PRESCOTT, AZ 85 $23,705,000 $278,882
HOMOSASSA SPRINGS, FL 125 $23,505,000 $188,040
SPRINGFIELD, MO 123 $23,375,000 $190,041
GRAND RAPIDS-KENTWOOD, MI 103 $23,195,000 $225,194
SUMTER, SC 114 $22,250,000 $195,175
AKRON, OH 112 $22,190,000 $198,125
HARRISBURG-CARLISLE, PA 104 $21,900,000 $210,577
SPRINGFIELD, MA 98 $21,880,000 $223,265
TOLEDO, OH 108 $21,750,000 $201,389
DAPHNE-FAIRHOPE-FOLEY, AL 90 $21,600,000 $240,000
ASHEVILLE, NC 80 $21,570,000 $269,625
PUNTA GORDA, FL 95 $21,345,000 $224,684
SPARTANBURG, SC 99 $21,055,000 $212,677
MEDFORD, OR 72 $20,830,000 $289,306
BRIDGEPORT-STAMFORD-NORWALK, CT 55 $20,645,000 $375,364
NORWICH-NEW LONDON, CT 82 $19,990,000 $243,780
BATON ROUGE, LA 86 $19,910,000 $231,512
NEW BERN, NC 111 $19,855,000 $178,874
WILMINGTON, NC 74 $18,920,000 $255,676
DOTHAN, AL 100 $18,900,000 $189,000
COEUR D'ALENE, ID 63 $18,795,000 $298,333
PUEBLO, CO 83 $18,295,000 $220,422
MOBILE, AL 99 $18,115,000 $182,980
HICKORY-LENOIR-MORGANTON, NC 86 $17,940,000 $208,605
TALLAHASSEE, FL 86 $17,870,000 $207,791
MADISON, WI 71 $17,625,000 $248,239
LANCASTER, PA 72 $17,180,000 $238,611
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 57 $17,105,000 $300,088
SALISBURY, MD-DE 72 $16,590,000 $230,417
BEAUMONT-PORT ARTHUR, TX 79 $16,505,000 $208,924
BUFFALO-CHEEKTOWAGA, NY 84 $16,500,000 $196,429
SCRANTON--WILKES-BARRE, PA 93 $16,485,000 $177,258
YUBA CITY, CA 56 $16,330,000 $291,607
HANFORD-CORCORAN, CA 64 $16,140,000 $252,188
ROANOKE, VA 73 $16,055,000 $219,932
KENNEWICK-RICHLAND, WA 54 $15,860,000 $293,704
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 24 $15,840,000 $660,000
FORT COLLINS, CO 46 $15,820,000 $343,913
SANTA MARIA-SANTA BARBARA, CA 39 $15,595,000 $399,872
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 103 $15,565,000 $151,117
BEND, OR 49 $15,405,000 $314,388
LINCOLN, NE 71 $15,345,000 $216,127
PROVO-OREM, UT 49 $15,085,000 $307,857
MANHATTAN, KS 86 $15,060,000 $175,116
LEXINGTON-FAYETTE, KY 74 $14,970,000 $202,297
AUBURN-OPELIKA, AL 65 $14,885,000 $229,000
BILLINGS, MT 52 $14,740,000 $283,462
LANSING-EAST LANSING, MI 78 $14,690,000 $188,333
EVANSVILLE, IN-KY 81 $14,665,000 $181,049
VISALIA, CA 53 $14,635,000 $276,132
WACO, TX 66 $14,610,000 $221,364
GOLDSBORO, NC 75 $14,435,000 $192,467
GAINESVILLE, FL 69 $14,365,000 $208,188
CANTON-MASSILLON, OH 85 $14,365,000 $169,000
MOUNT VERNON-ANACORTES, WA 44 $14,320,000 $325,455
LAS CRUCES, NM 66 $14,310,000 $216,818
NAPLES-MARCO ISLAND, FL 40 $14,300,000 $357,500
SIERRA VISTA-DOUGLAS, AZ 71 $14,295,000 $201,338
CHEYENNE, WY 52 $14,120,000 $271,538
MIDLAND, TX 45 $14,085,000 $313,000
READING, PA 66 $14,080,000 $213,333
MCALLEN-EDINBURG-MISSION, TX 76 $14,050,000 $184,868
CALIFORNIA-LEXINGTON PARK, MD 47 $13,935,000 $296,489
CHARLOTTESVILLE, VA 50 $13,820,000 $276,400
FLINT, MI 71 $13,765,000 $193,873
FORT WAYNE, IN 72 $13,710,000 $190,417
DULUTH, MN-WI 67 $13,645,000 $203,657
HATTIESBURG, MS 69 $13,475,000 $195,290
ABILENE, TX 72 $13,330,000 $185,139
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 69 $13,285,000 $192,536
JEFFERSON CITY, MO 67 $13,145,000 $196,194
HUNTINGTON-ASHLAND, WV-KY-OH 79 $13,025,000 $164,873
GAINESVILLE, GA 50 $12,920,000 $258,400
AMARILLO, TX 63 $12,865,000 $204,206
KINGSPORT-BRISTOL, TN-VA 71 $12,695,000 $178,803
ALBANY-LEBANON, OR 48 $12,650,000 $263,542
SEBASTIAN-VERO BEACH, FL 57 $12,625,000 $221,491
ROCHESTER, NY 71 $12,425,000 $175,000
TOPEKA, KS 68 $12,310,000 $181,029
ST. GEORGE, UT 39 $12,225,000 $313,462
YUMA, AZ 59 $12,205,000 $206,864
SALINAS, CA 23 $12,185,000 $529,783
WICHITA FALLS, TX 64 $12,090,000 $188,906
IDAHO FALLS, ID 51 $12,065,000 $236,569
ALBANY-SCHENECTADY-TROY, NY 51 $11,705,000 $229,510
EAST STROUDSBURG, PA 57 $11,705,000 $205,351
LONGVIEW, TX 53 $11,325,000 $213,679
BROWNSVILLE-HARLINGEN, TX 58 $11,270,000 $194,310
MACON-BIBB COUNTY, GA 53 $11,175,000 $210,849
SIOUX FALLS, SD 47 $11,075,000 $235,638
SYRACUSE, NY 65 $11,005,000 $169,308
SAN ANGELO, TX 53 $10,985,000 $207,264
MERCED, CA 40 $10,930,000 $273,250
GREEN BAY, WI 57 $10,925,000 $191,667
ERIE, PA 56 $10,620,000 $189,643
RACINE, WI 48 $10,370,000 $216,042
BELLINGHAM, WA 32 $10,330,000 $322,813
BARNSTABLE TOWN, MA 31 $10,205,000 $329,194
TWIN FALLS, ID 41 $10,055,000 $245,244
JACKSON, TN 59 $10,045,000 $170,254
RAPID CITY, SD 46 $10,040,000 $218,261
LAFAYETTE, LA 48 $9,780,000 $203,750
FORT SMITH, AR-OK 58 $9,760,000 $168,276
FARGO, ND-MN 39 $9,705,000 $248,846
ROCKFORD, IL 56 $9,680,000 $172,857
JOHNSON CITY, TN 48 $9,630,000 $200,625
GRAND JUNCTION, CO 34 $9,500,000 $279,412
BURLINGTON, NC 45 $9,495,000 $211,000
YAKIMA, WA 33 $9,495,000 $287,727
TRENTON-PRINCETON, NJ 35 $9,475,000 $270,714
WINCHESTER, VA-WV 35 $9,385,000 $268,143
SOUTH BEND-MISHAWAKA, IN-MI 53 $9,345,000 $176,321
LONGVIEW, WA 34 $9,310,000 $273,824
CHAMBERSBURG-WAYNESBORO, PA 45 $9,085,000 $201,889
BANGOR, ME 48 $9,070,000 $188,958
APPLETON, WI 43 $8,915,000 $207,326
MONROE, LA 39 $8,905,000 $228,333
PEORIA, IL 60 $8,740,000 $145,667
LYNCHBURG, VA 40 $8,720,000 $218,000
SHERMAN-DENISON, TX 37 $8,705,000 $235,270
REDDING, CA 33 $8,695,000 $263,485
TYLER, TX 40 $8,600,000 $215,000
GREENVILLE, NC 44 $8,560,000 $194,545
BATTLE CREEK, MI 47 $8,475,000 $180,319
ST. CLOUD, MN 42 $8,470,000 $201,667
LUBBOCK, TX 42 $8,410,000 $200,238
SAN LUIS OBISPO-PASO ROBLES, CA 16 $8,390,000 $524,375
GREAT FALLS, MT 39 $8,295,000 $212,692
ODESSA, TX 32 $8,270,000 $258,438
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 10 $7,970,000 $797,000
ATLANTIC CITY-HAMMONTON, NJ 37 $7,905,000 $213,649
LAFAYETTE-WEST LAFAYETTE, IN 40 $7,890,000 $197,250
TERRE HAUTE, IN 55 $7,885,000 $143,364
CHICO, CA 26 $7,830,000 $301,154
KALAMAZOO-PORTAGE, MI 40 $7,760,000 $194,000
CARBONDALE-MARION, IL 48 $7,740,000 $161,250
MONROE, MI 39 $7,675,000 $196,795
WATERTOWN-FORT DRUM, NY 39 $7,665,000 $196,538
JANESVILLE-BELOIT, WI 43 $7,625,000 $177,326
WENATCHEE, WA 22 $7,550,000 $343,182
MUSKEGON, MI 43 $7,475,000 $173,837
BOULDER, CO 19 $7,435,000 $391,316
GRAND FORKS, ND-MN 30 $7,430,000 $247,667
LAKE CHARLES, LA 36 $7,420,000 $206,111
FLORENCE, SC 34 $7,410,000 $217,941
JACKSON, MI 37 $7,375,000 $199,324
CLEVELAND, TN 30 $7,330,000 $244,333
CEDAR RAPIDS, IA 38 $7,310,000 $192,368
THE VILLAGES, FL 29 $7,285,000 $251,207
DECATUR, AL 37 $7,275,000 $196,622
ALBANY, GA 42 $7,200,000 $171,429
MORRISTOWN, TN 38 $7,200,000 $189,474
WAUSAU-WESTON, WI 38 $7,140,000 $187,895
ANN ARBOR, MI 28 $7,140,000 $255,000
GRANTS PASS, OR 26 $7,090,000 $272,692
ROCHESTER, MN 30 $6,990,000 $233,000
TUSCALOOSA, AL 33 $6,985,000 $211,667
KAHULUI-WAILUKU-LAHAINA, HI 15 $6,875,000 $458,333
SPRINGFIELD, IL 35 $6,755,000 $193,000
SANTA FE, NM 24 $6,750,000 $281,250
ELKHART-GOSHEN, IN 37 $6,715,000 $181,486
MISSOULA, MT 23 $6,695,000 $291,087
MANSFIELD, OH 39 $6,675,000 $171,154
MADERA, CA 25 $6,645,000 $265,800
HOT SPRINGS, AR 37 $6,615,000 $178,784
OSHKOSH-NEENAH, WI 39 $6,595,000 $169,103
BURLINGTON-SOUTH BURLINGTON, VT 26 $6,540,000 $251,538
STAUNTON, VA 26 $6,510,000 $250,385
CHAMPAIGN-URBANA, IL 31 $6,455,000 $208,226
SANTA ROSA-PETALUMA, CA 11 $6,375,000 $579,545
ROCKY MOUNT, NC 34 $6,350,000 $186,765
EAU CLAIRE, WI 28 $6,350,000 $226,786
LEWISTON-AUBURN, ME 32 $6,270,000 $195,938
GETTYSBURG, PA 23 $6,225,000 $270,652
SANTA CRUZ-WATSONVILLE, CA 10 $6,100,000 $610,000
CHARLESTON, WV 38 $6,070,000 $159,737
COLLEGE STATION-BRYAN, TX 24 $6,020,000 $250,833
PARKERSBURG-VIENNA, WV 29 $6,005,000 $207,069
JOPLIN, MO 36 $5,980,000 $166,111
MORGANTOWN, WV 25 $5,965,000 $238,600
KOKOMO, IN 37 $5,945,000 $160,676
LA CROSSE-ONALASKA, WI-MN 26 $5,720,000 $220,000
ST. JOSEPH, MO-KS 33 $5,695,000 $172,576
SPRINGFIELD, OH 30 $5,660,000 $188,667
SEBRING-AVON PARK, FL 30 $5,650,000 $188,333
BOWLING GREEN, KY 29 $5,565,000 $191,897
FLORENCE-MUSCLE SHOALS, AL 28 $5,390,000 $192,500
BRUNSWICK, GA 23 $5,315,000 $231,087
ALEXANDRIA, LA 26 $5,270,000 $202,692
ANNISTON-OXFORD, AL 28 $5,220,000 $186,429
CAPE GIRARDEAU, MO-IL 30 $5,120,000 $170,667
LEBANON, PA 24 $5,090,000 $212,083
BECKLEY, WV 33 $4,985,000 $151,061
FLAGSTAFF, AZ 17 $4,955,000 $291,471
COLUMBUS, IN 21 $4,945,000 $235,476
WILLIAMSPORT, PA 26 $4,930,000 $189,615
JONESBORO, AR 30 $4,920,000 $164,000
OCEAN CITY, NJ 18 $4,910,000 $272,778
BLOOMINGTON, IN 24 $4,900,000 $204,167
ATHENS-CLARKE COUNTY, GA 21 $4,775,000 $227,381
NILES, MI 27 $4,675,000 $173,148
TEXARKANA, TX-AR 25 $4,425,000 $177,000
CARSON CITY, NV 13 $4,415,000 $339,615
WALLA WALLA, WA 14 $4,410,000 $315,000
KANKAKEE, IL 23 $4,295,000 $186,739
GADSDEN, AL 25 $4,285,000 $171,400
MIDLAND, MI 21 $4,275,000 $203,571
LEWISTON, ID-WA 18 $4,270,000 $237,222
SAGINAW, MI 27 $4,255,000 $157,593
SIOUX CITY, IA-NE-SD 20 $4,250,000 $212,500
LOGAN, UT-ID 16 $4,220,000 $263,750
UTICA-ROME, NY 25 $4,165,000 $166,600
HARRISONBURG, VA 16 $4,100,000 $256,250
MICHIGAN CITY-LA PORTE, IN 25 $4,015,000 $160,600
GRAND ISLAND, NE 20 $4,000,000 $200,000
STATE COLLEGE, PA 15 $3,875,000 $258,333
BINGHAMTON, NY 23 $3,855,000 $167,609
OWENSBORO, KY 21 $3,805,000 $181,190
VICTORIA, TX 16 $3,740,000 $233,750
BLOOMSBURG-BERWICK, PA 19 $3,675,000 $193,421
PITTSFIELD, MA 17 $3,555,000 $209,118
VINELAND-BRIDGETON, NJ 16 $3,510,000 $219,375
BAY CITY, MI 25 $3,495,000 $139,800
HAMMOND, LA 18 $3,490,000 $193,889
KINGSTON, NY 14 $3,360,000 $240,000
POCATELLO, ID 16 $3,300,000 $206,250
BLACKSBURG-CHRISTIANSBURG, VA 15 $3,275,000 $218,333
FARMINGTON, NM 16 $3,250,000 $203,125
DUBUQUE, IA 17 $3,235,000 $190,294
WEIRTON-STEUBENVILLE, WV-OH 20 $3,230,000 $161,500
IOWA CITY, IA 15 $3,225,000 $215,000
CORVALLIS, OR 10 $3,130,000 $313,000
ENID, OK 17 $3,105,000 $182,647
HOUMA-THIBODAUX, LA 15 $3,095,000 $206,333
LIMA, OH 19 $3,065,000 $161,316
JOHNSTOWN, PA 24 $3,020,000 $125,833
WHEELING, WV-OH 15 $2,965,000 $197,667
LAWRENCE, KS 14 $2,950,000 $210,714
SAN RAFAEL, CA 5 $2,895,000 $579,000
SHEBOYGAN, WI 14 $2,810,000 $200,714
CASPER, WY 12 $2,770,000 $230,833
DECATUR, IL 20 $2,720,000 $136,000
MUNCIE, IN 21 $2,685,000 $127,857
BISMARCK, ND 9 $2,625,000 $291,667
LAREDO, TX 13 $2,585,000 $198,846
ROME, GA 14 $2,570,000 $183,571
AMES, IA 15 $2,535,000 $169,000
WATERLOO-CEDAR FALLS, IA 16 $2,480,000 $155,000
DALTON, GA 13 $2,475,000 $190,385
ALTOONA, PA 19 $2,465,000 $129,737
ELMIRA, NY 13 $2,345,000 $180,385
FOND DU LAC, WI 13 $2,205,000 $169,615
EL CENTRO, CA 8 $2,200,000 $275,000
MANKATO, MN 10 $2,100,000 $210,000
NAPA, CA 4 $2,090,000 $522,500
CUMBERLAND, MD-WV 13 $1,905,000 $146,538
GLENS FALLS, NY 9 $1,695,000 $188,333
DANVILLE, IL 9 $1,525,000 $169,444
BLOOMINGTON, IL 8 $1,440,000 $180,000
PINE BLUFF, AR 8 $1,320,000 $165,000
ITHACA, NY 2 $290,000 $145,000

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
2.5-3% 261 $69,265,000 $265,383
3-4% 38,774 $10,028,810,000 $258,648
4-5% 25,895 $5,961,725,000 $230,227
5-6% 1,535 $313,485,000 $204,225

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 2,519 $198,725,000 $78,890
$100k-200k 23,342 $3,724,520,000 $159,563
$200k-400k 34,718 $9,488,850,000 $273,312
$400k-600k 5,014 $2,341,770,000 $467,046
$600k-1000k 857 $601,685,000 $702,083
$Over $1MM 15 $17,735,000 $1,182,333

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% 185 $22,155,000 $119,757
40-60% 592 $100,190,000 $169,240
60-80% 2,307 $499,915,000 $216,695
80-100% 47,283 $11,167,955,000 $236,194
Over 100% 7,415 $2,132,835,000 $287,638
Under 20% 23 $1,595,000 $69,348

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 9,366 $2,985,730,000 $318,784
$150k-250k 2,714 $1,102,100,000 $406,080
$50k-75k 22,260 $4,717,260,000 $211,916
$50k-or less 10,565 $1,640,615,000 $155,288
$75k-100k 12,619 $3,325,785,000 $263,554
$Over $250k 286 $154,240,000 $539,301

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 46,501 $11,221,125,000 $241,309
Not provided 8,872 $2,318,040,000 $261,276
Black 8,332 $2,047,450,000 $245,733
Asian 1,377 $431,665,000 $313,482
American Indian 986 $237,920,000 $241,298
Native Hawaiian 332 $97,090,000 $292,440
Filipino 26 $8,340,000 $320,769
Other Asian 12 $3,670,000 $305,833
Korean 9 $2,385,000 $265,000
Asian Indian 5 $1,965,000 $393,000
Chinese 3 $1,035,000 $345,000
Guamanian 4 $990,000 $247,500
Samoan 3 $845,000 $281,667
Other Pacific Islander 3 $765,000 $255,000

Approval Rates

Total approvals of all applications
87.02%

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
54.57%

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
NA 66,465 $16,373,285,000 $246,344

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 49,272 $11,574,900,000 $234,918
$1k-2k 6,536 $1,393,640,000 $213,225
$2k-3k 6,866 $2,076,100,000 $302,374
$3k-4k 2,790 $939,400,000 $336,703
$5k+ 1,001 $389,245,000 $388,856

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 766 $123,590,000 $161,345
Single Family (1-4 Units):Site-Built 65,699 $16,249,695,000 $247,335