Servion Mortgage Rates, Fees & Info
St. Paul, MNLEI: 549300DRA4BDXW23LD45
Tax ID: 41-1592297
5 stars
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Servion is a small mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Servion 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 Minneapolis, La Crosse, Duluth, Watertown, and Billings among others. Servion has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Servion is typically an average fee lendor.Originations
6,457Origination Dollar Volume (All Markets)
$1,260,115,000Awards
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Servion - 2021
Servion is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Servion 's average 30 year fixed rate mortgage of loans were
3.06%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.09%.
Relative Fees
Servion 's average total fees for a 30 year fixed rate
mortgage are $4,182.
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 |
|---|---|---|---|---|---|
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1,369 | $315,875,000 | $230,734 | $4,300 | 2.88% |
| Outside of Metro Areas | 878 | $141,590,000 | $161,264 | $3,692 | 2.89% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 365 | $71,805,000 | $196,726 | $1,816 | 2.76% |
| DULUTH, MN-WI (FHA|USDA|VA) | 422 | $68,640,000 | $162,654 | $4,225 | 2.92% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 270 | $47,350,000 | $175,370 | $1,668 | 2.85% |
| BILLINGS, MT (FHA|USDA|VA) | 180 | $43,590,000 | $242,167 | $5,674 | 2.85% |
| ROCHESTER, MN (FHA|USDA|VA) | 179 | $37,415,000 | $209,022 | $4,146 | 2.77% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 165 | $37,215,000 | $225,545 | $4,172 | 2.98% |
| ST. CLOUD, MN (FHA|USDA|VA) | 199 | $36,605,000 | $183,945 | $3,546 | 2.98% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 95 | $19,665,000 | $207,000 | $3,757 | 3.04% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 92 | $19,220,000 | $208,913 | $2,224 | 2.87% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 72 | $16,720,000 | $232,222 | $3,915 | 2.89% |
| Brainerd, MN (FHA|USDA|VA) | 83 | $15,015,000 | $180,904 | $5,373 | 2.87% |
| TULSA, OK (FHA|USDA|VA) | 87 | $14,525,000 | $166,954 | $4,243 | 3.02% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 61 | $13,815,000 | $226,475 | $3,911 | 2.70% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 76 | $13,530,000 | $178,026 | $4,001 | 2.85% |
| Manitowoc, WI (FHA|USDA|VA) | 81 | $11,455,000 | $141,420 | $2,206 | 2.84% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 72 | $10,310,000 | $143,194 | $2,162 | 2.64% |
| Red Wing, MN (FHA|USDA|VA) | 44 | $9,130,000 | $207,500 | $4,926 | 2.86% |
| Willmar, MN (FHA|USDA|VA) | 56 | $9,000,000 | $160,714 | $4,386 | 2.95% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 31 | $8,855,000 | $285,645 | $4,477 | 2.72% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 42 | $8,730,000 | $207,857 | $5,157 | 3.20% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 25 | $7,885,000 | $315,400 | $3,638 | 2.76% |
| Dickinson, ND (FHA|USDA|VA) | 34 | $7,580,000 | $222,941 | $4,863 | 2.98% |
| Branson, MO (FHA|USDA|VA) | 44 | $7,120,000 | $161,818 | $2,743 | 2.85% |
| Whitewater, WI (FHA|USDA|VA) | 31 | $6,295,000 | $203,065 | $1,557 | 2.77% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 33 | $6,265,000 | $189,848 | $2,096 | 2.82% |
| IOWA CITY, IA (FHA|USDA|VA) | 21 | $5,535,000 | $263,571 | $5,250 | 2.56% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 21 | $5,445,000 | $259,286 | $5,234 | 3.17% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 13 | $5,365,000 | $412,692 | $3,954 | 2.97% |
| Bemidji, MN (FHA|USDA|VA) | 26 | $5,090,000 | $195,769 | $3,784 | 2.78% |
| MADISON, WI (FHA|USDA|VA) | 21 | $5,035,000 | $239,762 | $3,571 | 2.88% |
| LIMA, OH (FHA|USDA|VA) | 33 | $4,905,000 | $148,636 | $4,901 | 3.28% |
| RAPID CITY, SD (FHA|USDA|VA) | 18 | $4,850,000 | $269,444 | $5,978 | 2.74% |
| Hutchinson, MN (FHA|USDA|VA) | 24 | $4,620,000 | $192,500 | $4,341 | 3.01% |
| Shelton, WA (FHA|USDA|VA) | 21 | $4,225,000 | $201,190 | $5,141 | 3.07% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 31 | $4,145,000 | $133,710 | $1,833 | 2.60% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 25 | $4,135,000 | $165,400 | $2,797 | 2.84% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 24 | $4,120,000 | $171,667 | $4,491 | 3.01% |
| JOPLIN, MO (FHA|USDA|VA) | 23 | $3,945,000 | $171,522 | $3,272 | 2.79% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 21 | $3,595,000 | $171,190 | $2,926 | 3.15% |
| Georgetown, SC (FHA|USDA|VA) | 22 | $3,480,000 | $158,182 | $4,796 | 3.22% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 26 | $3,430,000 | $131,923 | $4,060 | 3.10% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 19 | $3,355,000 | $176,579 | $4,260 | 2.80% |
| Grand Rapids, MN (FHA|USDA|VA) | 19 | $3,315,000 | $174,474 | $3,376 | 2.95% |
| HARRISONBURG, VA (FHA|USDA|VA) | 13 | $3,145,000 | $241,923 | $2,868 | 3.01% |
| DUBUQUE, IA (FHA|USDA|VA) | 17 | $3,105,000 | $182,647 | $4,944 | 2.77% |
| COLUMBIA, SC (FHA|USDA|VA) | 20 | $2,950,000 | $147,500 | $4,615 | 2.93% |
| Beaver Dam, WI (FHA|USDA|VA) | 17 | $2,755,000 | $162,059 | $1,821 | 2.74% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 17 | $2,725,000 | $160,294 | $4,167 | 3.13% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 18 | $2,710,000 | $150,556 | $5,344 | 3.14% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 12 | $2,640,000 | $220,000 | $4,127 | 2.99% |
| Aberdeen, WA (FHA|USDA|VA) | 13 | $2,615,000 | $201,154 | $4,767 | 3.19% |
| Alexandria, MN (FHA|USDA|VA) | 14 | $2,570,000 | $183,571 | $5,661 | 2.96% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 17 | $2,445,000 | $143,824 | $3,880 | 3.38% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 10 | $2,440,000 | $244,000 | $3,651 | 3.29% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 9 | $2,315,000 | $257,222 | $2,830 | 2.67% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 12 | $2,280,000 | $190,000 | $3,899 | 2.78% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 14 | $2,240,000 | $160,000 | $5,410 | 3.10% |
| BELLINGHAM, WA (FHA|USDA|VA) | 8 | $2,210,000 | $276,250 | $4,401 | 3.22% |
| Marion, IN (FHA|USDA|VA) | 24 | $2,180,000 | $90,833 | $2,990 | 3.12% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 8 | $2,130,000 | $266,250 | $4,135 | 2.91% |
| Worthington, MN (FHA|USDA|VA) | 13 | $2,095,000 | $161,154 | $4,114 | 2.81% |
| FARGO, ND-MN (FHA|USDA|VA) | 9 | $2,015,000 | $223,889 | $5,808 | 3.04% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 9 | $2,005,000 | $222,778 | $3,453 | 2.85% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 8 | $1,990,000 | $248,750 | $4,978 | 3.06% |
| LONGVIEW, WA (FHA|USDA|VA) | 8 | $1,960,000 | $245,000 | $6,273 | 3.41% |
| Winona, MN (FHA|USDA|VA) | 9 | $1,895,000 | $210,556 | $3,692 | 2.71% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 7 | $1,875,000 | $267,857 | $6,110 | 2.86% |
| BAY CITY, MI (FHA|USDA|VA) | 17 | $1,845,000 | $108,529 | $2,217 | 3.04% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 14 | $1,810,000 | $129,286 | $4,633 | 3.31% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 13 | $1,775,000 | $136,538 | $2,913 | 2.87% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 4 | $1,640,000 | $410,000 | $4,521 | 3.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 8 | $1,630,000 | $203,750 | $4,975 | 3.05% |
| Ottawa, IL (FHA|USDA|VA) | 10 | $1,610,000 | $161,000 | $4,778 | 2.90% |
| Owatonna, MN (FHA|USDA|VA) | 8 | $1,590,000 | $198,750 | $3,939 | 2.89% |
| FOND DU LAC, WI (FHA|USDA|VA) | 12 | $1,550,000 | $129,167 | $3,660 | 3.35% |
| Menomonie, WI (FHA|USDA|VA) | 8 | $1,460,000 | $182,500 | $4,950 | 2.88% |
| Wapakoneta, OH (FHA|USDA|VA) | 10 | $1,440,000 | $144,000 | $4,710 | 3.19% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $1,385,000 | $277,000 | $5,627 | 2.95% |
| Galesburg, IL (FHA|USDA|VA) | 15 | $1,365,000 | $91,000 | $3,575 | 3.07% |
| APPLETON, WI (FHA|USDA|VA) | 7 | $1,345,000 | $192,143 | $2,105 | 2.95% |
| Brookings, SD (FHA|USDA|VA) | 5 | $1,325,000 | $265,000 | $6,879 | 2.70% |
| Baraboo, WI (FHA|USDA|VA) | 6 | $1,320,000 | $220,000 | $2,873 | 2.79% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 10 | $1,320,000 | $132,000 | $5,630 | 3.15% |
| Stevens Point, WI (FHA|USDA|VA) | 6 | $1,260,000 | $210,000 | $2,287 | 2.94% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 5 | $1,245,000 | $249,000 | $4,791 | 2.55% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 7 | $1,235,000 | $176,429 | $4,172 | 3.27% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 5 | $1,205,000 | $241,000 | $4,337 | 3.00% |
| Port Angeles, WA (FHA|USDA|VA) | 6 | $1,190,000 | $198,333 | $3,893 | 3.08% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $1,185,000 | $395,000 | $4,348 | 2.88% |
| BISMARCK, ND (FHA|USDA|VA) | 6 | $1,160,000 | $193,333 | $5,778 | 3.15% |
| ROCKFORD, IL (FHA|USDA|VA) | 8 | $1,140,000 | $142,500 | $3,382 | 2.63% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 7 | $1,135,000 | $162,143 | $5,703 | 2.80% |
| NILES, MI (FHA|USDA|VA) | 3 | $1,105,000 | $368,333 | $4,924 | 3.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $4,793 | 3.00% |
| Harrison, AR (FHA|USDA|VA) | 10 | $1,090,000 | $109,000 | $2,768 | 3.04% |
| Fergus Falls, MN (FHA|USDA|VA) | 6 | $1,090,000 | $181,667 | $5,623 | 2.79% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 4 | $1,080,000 | $270,000 | $2,655 | 3.34% |
| COLUMBUS, OH (FHA|USDA|VA) | 4 | $1,080,000 | $270,000 | $5,919 | 2.78% |
| Austin, MN (FHA|USDA|VA) | 7 | $1,055,000 | $150,714 | $3,897 | 2.96% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,030,000 | $257,500 | $5,212 | 2.72% |
| AMES, IA (FHA|USDA|VA) | 5 | $1,005,000 | $201,000 | $4,376 | 3.25% |
| Hannibal, MO (FHA|USDA|VA) | 9 | $985,000 | $109,444 | $2,699 | 2.94% |
| PEORIA, IL (FHA|USDA|VA) | 6 | $940,000 | $156,667 | $2,555 | 2.69% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $925,000 | $185,000 | $3,624 | 3.13% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 6 | $920,000 | $153,333 | $4,206 | 3.15% |
| Mason City, IA (FHA|USDA|VA) | 7 | $915,000 | $130,714 | $3,820 | 2.84% |
| Mountain Home, AR (FHA|USDA|VA) | 9 | $905,000 | $100,556 | $2,312 | 3.19% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 5 | $905,000 | $181,000 | $4,808 | 3.05% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $5,535 | 2.78% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $6,874 | 3.25% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $4,245 | 2.58% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $4,088 | 3.08% |
| TOLEDO, OH (FHA|USDA|VA) | 6 | $820,000 | $136,667 | $5,237 | 3.21% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $5,397 | 3.21% |
| Butte-Silver Bow, MT (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $8,275 | 2.88% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $3,847 | 3.13% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 6 | $800,000 | $133,333 | $3,435 | 3.06% |
| Bozeman, MT (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $6,740 | 3.19% |
| AMARILLO, TX (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $5,043 | 3.50% |
| New Ulm, MN (FHA|USDA|VA) | 5 | $735,000 | $147,000 | $6,036 | 2.85% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $4,889 | 2.46% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 5 | $705,000 | $141,000 | $4,915 | 2.85% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $3,973 | 2.88% |
| Outside of Metro Areas | 2 | $690,000 | $345,000 | $6,199 | 2.94% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $4,573 | 2.75% |
| Bartlesville, OK (FHA|USDA|VA) | 4 | $660,000 | $165,000 | $6,765 | 2.78% |
| Rolla, MO (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $3,503 | 3.03% |
| NAPA, CA (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $5,994 | 3.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $3,298 | 2.92% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $5,679 | 2.81% |
| Arkadelphia, AR (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $3,269 | 3.09% |
| Wahpeton, ND-MN (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $4,592 | 3.22% |
| MANKATO, MN (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $5,100 | 2.79% |
| CHICO, CA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $4,656 | 3.00% |
| STAUNTON, VA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $3,029 | 3.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $6,172 | 2.81% |
| RACINE, WI (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $5,248 | 3.06% |
| AKRON, OH (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $5,941 | 2.38% |
| GREEN BAY, WI (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $2,957 | 2.96% |
| Clinton, IA (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $4,113 | 2.92% |
| Muscatine, IA (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $3,940 | 2.50% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $3,166 | 3.13% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $8,741 | 2.88% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $5,709 | 2.63% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $4,210 | 2.88% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $5,438 | 2.94% |
| LAWRENCE, KS (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $4,215 | 2.79% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $3,121 | 3.09% |
| Fort Dodge, IA (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $3,782 | 3.25% |
| McAlester, OK (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $6,105 | 3.29% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $4,058 | 2.75% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $5,433 | 2.88% |
| Pella, IA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $1,828 | 2.44% |
| Shawnee, OK (FHA|USDA|VA) | 4 | $490,000 | $122,500 | $3,816 | 2.81% |
| Marshall, MO (FHA|USDA|VA) | 4 | $490,000 | $122,500 | $2,683 | 2.63% |
| Fremont, OH (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $5,334 | 3.08% |
| Steamboat Springs, CO (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $2,885 | 2.63% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $4,849 | 2.75% |
| Fairmont, MN (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $3,570 | 2.58% |
| Iron Mountain, MI-WI (FHA|USDA|VA) | 5 | $475,000 | $95,000 | $4,001 | 2.75% |
| FORT WAYNE, IN (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $4,337 | 2.79% |
| Spearfish, SD (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $8,268 | 3.00% |
| Watertown, SD (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $7,073 | 3.00% |
| Lufkin, TX (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $5,672 | 3.25% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $7,734 | 3.19% |
| Celina, OH (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $5,899 | 3.19% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $2,967 | 2.88% |
| Seneca, SC (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $5,749 | 2.88% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 4 | $430,000 | $107,500 | $3,346 | 3.03% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $7,007 | 2.50% |
| Huron, SD (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $8,371 | 3.38% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $4,424 | 2.67% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $6,812 | 2.88% |
| Duncan, OK (FHA|USDA|VA) | 5 | $405,000 | $81,000 | $3,878 | 3.88% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $3,401 | 3.13% |
| Albert Lea, MN (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,325 | 2.88% |
| Mexico, MO (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $3,178 | 3.13% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,858 | 3.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $2,933 | 2.88% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $3,334 | 3.04% |
| Pontiac, IL (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $5,120 | 3.13% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $2,630 | 3.19% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $5,551 | 3.19% |
| KOKOMO, IN (FHA|USDA|VA) | 4 | $360,000 | $90,000 | $3,138 | 2.72% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,279 | 3.00% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,661 | 3.50% |
| Athens, TX (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,043 | 3.31% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 3.88% |
| KANKAKEE, IL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $4,206 | 2.94% |
| Greenwood, SC (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $5,690 | 3.06% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,905 | 2.38% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,685 | 2.75% |
| JACKSON, TN (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,606 | 3.38% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $2,230 | 3.06% |
| Torrington, CT (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,240 | 3.50% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $3,604 | 2.92% |
| Stillwater, OK (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $5,330 | 3.19% |
| DANVILLE, IL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $6,791 | 3.38% |
| Richmond, IN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,834 | 2.75% |
| Fernley, NV (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,103 | 2.88% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,357 | 2.88% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,375 | 3.13% |
| Pullman, WA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,551 | 3.38% |
| Russellville, AR (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $2,406 | 3.33% |
| Frankfort, IN (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $4,640 | 3.13% |
| SAGINAW, MI (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $2,210 | 2.88% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,187 | 2.63% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $5,824 | 3.19% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $12,085 | 2.63% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,085 | 2.88% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $4,943 | 2.88% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,478 | 2.75% |
| Williston, ND (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,768 | 2.88% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,857 | 3.25% |
| Marshalltown, IA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $3,375 | 2.69% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $3,410 | 2.94% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $5,955 | 3.38% |
| Zanesville, OH (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $4,330 | 2.94% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,382 | 3.13% |
| REDDING, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,030 | 3.38% |
| Key West, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,538 | 3.63% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,932 | 2.75% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,304 | 2.75% |
| MERCED, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 3.63% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,292 | 2.50% |
| MORGANTOWN, WV (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,174 | 3.13% |
| Sault Ste. Marie, MI (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,641 | 3.31% |
| Platteville, WI (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $2,948 | 3.19% |
| Waycross, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,839 | 2.88% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,711 | 3.88% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,311 | 3.38% |
| Sidney, OH (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $5,035 | 3.06% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $3,476 | 2.88% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,481 | 3.50% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,306 | 2.88% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,999 | 2.75% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,272 | 2.88% |
| Minot, ND (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,053 | 3.25% |
| Escanaba, MI (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $5,447 | 2.94% |
| MADERA, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,885 | 3.13% |
| Helena, MT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,828 | 3.38% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,235 | 3.38% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,875 | 2.75% |
| Quincy, IL-MO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,010 | 2.88% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,060 | 3.13% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,532 | 2.50% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,025 | 3.25% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,392 | 2.75% |
| GREAT FALLS, MT (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,198 | 3.63% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,341 | 2.75% |
| COLUMBIA, MO (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $3,200 | 2.94% |
| Laurel, MS (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,176 | 3.38% |
| Gillette, WY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,669 | 2.38% |
| Sturgis, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,664 | 3.00% |
| Mitchell, SD (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $10,053 | 2.75% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,723 | 3.13% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,449 | 2.38% |
| Kirksville, MO (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $3,575 | 2.75% |
| Lincoln, IL (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $1,954 | 2.63% |
| Malvern, AR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,062 | 2.75% |
| Van Wert, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,748 | 3.00% |
| Norfolk, NE (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,798 | 2.50% |
| Sedalia, MO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,638 | 2.75% |
| Frankfort, KY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,580 | 2.50% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,936 | 3.38% |
| Newport, OR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 3.50% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,798 | 3.00% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,557 | 2.75% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,785 | 2.88% |
| Muskogee, OK (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,229 | 3.13% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,965 | 3.25% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,333 | 2.63% |
| MONROE, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,598 | 2.88% |
| Cadillac, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,947 | 3.00% |
| Beatrice, NE (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,569 | 2.63% |
| Glasgow, KY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,517 | 3.50% |
| West Plains, MO (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,762 | 3.38% |
| MUNCIE, IN (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $3,074 | 2.94% |
| Searcy, AR (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $2,657 | 3.13% |
| Andrews, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,438 | 2.00% |
| Pampa, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,392 | 3.25% |
| Astoria, OR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 2.63% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,308 | 3.38% |
| Hope, AR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,404 | 3.88% |
| Spencer, IA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,695 | 3.25% |
| Logansport, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,480 | 3.38% |
| Sterling, CO (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,445 | 3.63% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,587 | 3.00% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,573 | 3.25% |
| Warsaw, IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,187 | 3.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,542 | 3.63% |
| Mayfield, KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,612 | 3.38% |
| Marshall, MN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,322 | 2.75% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,614 | 2.88% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,780 | 2.50% |
| Shelbyville, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,188 | 2.63% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,704 | 2.75% |
| MIDLAND, MI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,324 | 3.13% |
| Crawfordsville, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,251 | 3.63% |
| Woodward, OK (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,427 | 3.00% |
| Lebanon, MO (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,503 | 3.00% |
| Raymondville, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,509 | 3.38% |
| Ardmore, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,050 | 3.38% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,577 | 4.63% |
| Peru, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,975 | 3.38% |
| Burlington, IA-IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,960 | 2.75% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,689 | 2.25% |
| Marinette, WI-MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,745 | 3.75% |
| Starkville, MS (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,246 | 3.50% |
| Sterling, IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 3.38% |
Servion 's top markets include Minneapolis, La Crosse, Duluth, Watertown, and Billings among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 5,421 | $1,057,515,000 | $195,077 | $3,476 | 2.91% |
| FHA | 522 | $91,330,000 | $174,962 | $6,316 | 2.96% |
| VA | 396 | $93,670,000 | $236,540 | $4,978 | 2.76% |
| USDA | 118 | $17,600,000 | $149,153 | $4,830 | 2.78% |
For the 2021 period, Servion 's most frequently originated loan type of loans were Conventional, with 5,421 originations. Their 2nd most popular type is FHA, with 522 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 2,540 | $523,340,000 | $206,039 | $4,571 | 2.97% |
| Refi | 2,092 | $385,710,000 | $184,374 | $2,984 | 2.75% |
| Cash Out Refi | 1,825 | $351,065,000 | $192,364 | $3,765 | 2.97% |
For the 2021, Servion 's most frequently cited loan purpose of loans were Home Purchase, with 2,540 originations. The 2nd most popular reason of loans were Refi, with 2,092 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 4,305 | $901,925,000 | $209,506 | $4,182 | 3.06% |
| 15 Year | 1,311 | $212,715,000 | $162,254 | $3,038 | 2.47% |
| 20 Year | 582 | $107,240,000 | $184,261 | $3,295 | 2.84% |
| 10 Year | 185 | $24,625,000 | $133,108 | $2,747 | 2.33% |
| Other | 74 | $13,610,000 | $183,919 | $4,376 | 3.09% |
For the 2021, Servion 's most frequently cited loan length of loans were 30 Year, with 4,305 originations. The 2nd most popular length of loans were 15 Year, with 1,311 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 2,456 | $466,320,000 | $189,870 |
| $1k-2k | 1,593 | $249,335,000 | $156,519 |
| $2k-3k | 1,409 | $265,665,000 | $188,549 |
| $3k-4k | 773 | $220,975,000 | $285,867 |
| $5k+ | 97 | $36,785,000 | $379,227 |
$4,182 of loans were Servion 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 2,456 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 3,169 | $641,995,000 | $202,586 |
| 3-4% | 1,920 | $381,190,000 | $198,536 |
| <2.5% | 1,297 | $226,645,000 | $174,746 |
| 4-5% | 70 | $10,090,000 | $144,143 |
During 2021, Servion 's average interest rate of loans were 3.06%, while their most frequently originated rate bucket of loans were 2.5-3%, with 3,169 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 3,059 | $454,875,000 | $148,701 | $3,415 | 2.89% |
| $200k-400k | 2,292 | $614,870,000 | $268,268 | $4,545 | 2.92% |
| $100,000 or less | 843 | $64,355,000 | $76,340 | $2,804 | 2.87% |
| $400k-600k | 252 | $117,490,000 | $466,230 | $5,548 | 2.89% |
| $600k-1MM | 9 | $6,415,000 | $712,778 | $5,908 | 3.33% |
| $1MM+ | 2 | $2,110,000 | $1,055,000 | $4,613 | 3.06% |
2021 saw Servion place emphasis on $100k-200k loans with 3,059 originations, totaling $454,875,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 1,822 | $308,560,000 | $169,352 | $3,857 | 2.91% |
| $50k or less | 1,390 | $182,680,000 | $131,424 | $3,444 | 2.94% |
| $75k-100k | 1,317 | $266,435,000 | $202,304 | $3,813 | 2.89% |
| $100k-150k | 1,284 | $303,230,000 | $236,160 | $3,974 | 2.87% |
| $150k-250k | 543 | $162,755,000 | $299,733 | $4,350 | 2.86% |
| $250k+ | 100 | $36,420,000 | $364,200 | $4,467 | 2.82% |
Servion lent most frequently to those with incomes in the $50k-75k range, with 1,822 originations. The second most popular income band? $50k or less, with 1,390 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 1,684 | $316,770,000 | $188,106 | $3,568 | 2.85% |
| 30-36% | 1,343 | $260,915,000 | $194,278 | $3,817 | 2.92% |
| <20% | 617 | $108,255,000 | $175,454 | $3,214 | 2.76% |
| 41% | 250 | $52,290,000 | $209,160 | $3,940 | 3.00% |
| 38% | 239 | $47,125,000 | $197,176 | $4,019 | 2.94% |
| 44% | 231 | $46,815,000 | $202,662 | $3,880 | 3.00% |
| 42% | 230 | $48,050,000 | $208,913 | $3,865 | 3.03% |
| 40% | 228 | $46,380,000 | $203,421 | $4,297 | 2.90% |
| 43% | 220 | $42,960,000 | $195,273 | $3,938 | 3.03% |
| 36% | 220 | $41,740,000 | $189,727 | $3,810 | 2.87% |
| 37% | 216 | $42,930,000 | $198,750 | $4,024 | 2.96% |
| 39% | 212 | $42,290,000 | $199,481 | $4,024 | 2.96% |
| 45% | 147 | $32,005,000 | $217,721 | $4,290 | 2.94% |
| 50-60% | 132 | $27,020,000 | $204,697 | $6,137 | 2.95% |
| 47% | 128 | $29,910,000 | $233,672 | $4,432 | 2.90% |
| 46% | 116 | $23,660,000 | $203,966 | $4,573 | 2.92% |
| 49% | 108 | $22,670,000 | $209,907 | $4,166 | 2.96% |
| 48% | 92 | $19,120,000 | $207,826 | $3,845 | 2.87% |
| >60% | 19 | $4,135,000 | $217,632 | $3,414 | 2.71% |
Servion lent most frequently to those with DTI ratios of 20-30%, with 1,684 originations. The next most common DTI ratio? 30-36%, with 1,343 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 5,497 | $1,062,465,000 | $193,281 | $3,728 | 2.89% |
| Not provided | 631 | $131,855,000 | $208,962 | $4,355 | 2.93% |
| Black | 166 | $33,570,000 | $202,229 | $4,860 | 3.01% |
| Asian | 97 | $20,545,000 | $211,804 | $4,089 | 2.80% |
| American Indian | 53 | $9,305,000 | $175,566 | $4,324 | 2.93% |
| Asian Indian | 2 | $570,000 | $285,000 | $2,499 | 2.94% |
| Other Pacific Islander | 3 | $525,000 | $175,000 | $6,936 | 2.83% |
| Filipino | 3 | $505,000 | $168,333 | $2,277 | 2.88% |
| Other Asian | 2 | $400,000 | $200,000 | $5,567 | 2.69% |
| Native Hawaiian | 2 | $220,000 | $110,000 | $3,438 | 2.38% |
| 1 | $155,000 | $155,000 | $7,068 | 3.38% |
Approval Rates
Total approvals of all applications95.02%
Servion has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination79.71%
Servion has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 6,457 | $1,260,115,000 | $195,155 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6,457 | $1,260,115,000 | $195,155 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 318 | $38,660,000 | $121,572 | $2,993 | 2.60% |
| 40-60% | 1,108 | $182,680,000 | $164,874 | $3,049 | 2.70% |
| 60-80% | 2,503 | $512,665,000 | $204,820 | $3,555 | 2.95% |
| 80-100% | 2,458 | $511,140,000 | $207,950 | $4,438 | 2.98% |
| Over 100% | 47 | $13,045,000 | $277,553 | $10,333 | 2.69% |
| Under 20% | 23 | $1,925,000 | $83,696 | $2,437 | 2.62% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Servion, Inc. | FHA mortgage | Struggling to pay mortgage | 1 | 50.0% |
| Servion, Inc. | FHA mortgage | Trouble during payment process | 1 | 50.0% |
