Berkadia Commercial Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300GNIV169ZIHU012

Tax ID: 27-0812934

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Mortgage Data

Review & Overview

Berkadia Commercial Mortgage is a large mortgage company specializing in Refi and Home Purchase loans. Berkadia Commercial Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Dallas, Atlanta, Chicago, Washington, and Indianapolis among others. We have data for 151 markets. (Some data included below & more in-depth data is available with an active subscription.)

Berkadia Commercial Mortgage 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. 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.

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Originations

531

Origination Dollar Volume (All Markets)

$9,153,015,000

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 49 $1,087,385,000 $22,191,531 $0 4.37%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 28 $507,480,000 $18,124,286 $0 4.66%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 32 $492,010,000 $15,375,313 $0 4.64%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 11 $328,255,000 $29,841,364 $0 4.06%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 9 $268,475,000 $29,830,556 $0 4.15%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 12 $259,200,000 $21,600,000 $0 4.66%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $255,325,000 $85,108,333 $0 4.47%
ST. LOUIS, MO-IL (FHA|USDA|VA) 12 $249,250,000 $20,770,833 $0 4.80%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 17 $248,835,000 $14,637,353 $0 4.41%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 7 $220,705,000 $31,529,286 $0 4.61%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 12 $210,200,000 $17,516,667 $0 4.62%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 10 $198,990,000 $19,899,000 $0 4.89%
COLUMBUS, OH (FHA|USDA|VA) 10 $198,690,000 $19,869,000 $0 4.76%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 12 $190,270,000 $15,855,833 $0 4.56%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 6 $183,730,000 $30,621,667 $0 4.97%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 8 $170,380,000 $21,297,500 $0 4.48%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 7 $130,805,000 $18,686,429 $0 4.27%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 6 $130,720,000 $21,786,667 $0 4.04%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 5 $129,835,000 $25,967,000 $0 4.51%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 5 $119,805,000 $23,961,000 $0 4.24%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 7 $109,525,000 $15,646,429 $0 4.60%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $108,340,000 $54,170,000 $0 4.94%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $104,485,000 $34,828,333 $0 4.50%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 8 $101,520,000 $12,690,000 $0 4.64%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 7 $99,425,000 $14,203,571 $0 4.40%
RICHMOND, VA (FHA|USDA|VA) 6 $96,850,000 $16,141,667 $0 4.68%
STOCKTON, CA (FHA|USDA|VA) 6 $93,570,000 $15,595,000 $0 4.69%
FRESNO, CA (FHA|USDA|VA) 7 $88,595,000 $12,656,429 $0 5.03%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $83,145,000 $27,715,000 $0 4.72%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $81,705,000 $27,235,000 $0 4.50%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $81,220,000 $40,610,000 $0 3.20%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 6 $78,330,000 $13,055,000 $0 4.41%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 4 $72,090,000 $18,022,500 $0 4.63%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 6 $69,810,000 $11,635,000 $0 4.87%
LUBBOCK, TX (FHA|USDA|VA) 4 $68,270,000 $17,067,500 $0 4.56%
CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $67,660,000 $33,830,000 $0 4.08%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 4 $66,150,000 $16,537,500 $0 4.00%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 3 $61,645,000 $20,548,333 $0 5.19%
COLORADO SPRINGS, CO (FHA|USDA|VA) 4 $60,790,000 $15,197,500 $0 4.37%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 3 $58,465,000 $19,488,333 $0 4.68%
ALBUQUERQUE, NM (FHA|USDA|VA) 4 $56,690,000 $14,172,500 $0 4.49%
SALT LAKE CITY, UT (FHA|USDA|VA) 2 $55,280,000 $27,640,000 $0 4.34%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 4 $55,160,000 $13,790,000 $0 4.89%
KNOXVILLE, TN (FHA|USDA|VA) 4 $54,430,000 $13,607,500 $0 5.49%
EL PASO, TX (FHA|USDA|VA) 4 $52,670,000 $13,167,500 $0 4.87%
JACKSONVILLE, FL (FHA|USDA|VA) 4 $48,210,000 $12,052,500 $0 5.13%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $47,105,000 $47,105,000 $0 4.46%
TUCSON, AZ (FHA|USDA|VA) 3 $46,985,000 $15,661,667 $0 4.43%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $46,250,000 $23,125,000 $0 4.99%
TALLAHASSEE, FL (FHA|USDA|VA) 3 $45,785,000 $15,261,667 $0 4.58%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $43,720,000 $21,860,000 $0 4.13%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 3 $43,475,000 $14,491,667 $0 4.65%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 4 $40,970,000 $10,242,500 $0 4.72%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $39,040,000 $19,520,000 $0 3.78%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $39,005,000 $39,005,000 $0 3.20%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $38,015,000 $38,015,000 $0 3.58%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 2 $37,460,000 $18,730,000 $0 4.58%
LINCOLN, NE (FHA|USDA|VA) 1 $37,025,000 $37,025,000 $0 4.71%
DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $36,190,000 $18,095,000 $0 4.44%
CEDAR RAPIDS, IA (FHA|USDA|VA) 4 $35,920,000 $8,980,000 $0 4.92%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 3 $34,725,000 $11,575,000 $0 4.96%
COLUMBUS, GA-AL (FHA|USDA|VA) 2 $31,350,000 $15,675,000 $0 4.91%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 4 $30,640,000 $7,660,000 $0 4.68%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $28,535,000 $28,535,000 $0 2.60%
LOUISVILLE, KY (FHA|USDA|VA) 3 $28,485,000 $9,495,000 $0 5.19%
ROCHESTER, MN (FHA|USDA|VA) 1 $25,855,000 $25,855,000 $0 4.97%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $25,530,000 $12,765,000 $0 4.79%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $25,525,000 $25,525,000 $0 5.58%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 3 $25,205,000 $8,401,667 $0 4.12%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $22,300,000 $11,150,000 $0 3.83%
Torrington, CT (FHA|USDA|VA) 1 $21,945,000 $21,945,000 $0 3.63%
KANSAS CITY, MO-KS (FHA|USDA|VA) 4 $20,670,000 $5,167,500 $0 4.69%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $20,420,000 $10,210,000 $0 4.55%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $19,475,000 $19,475,000 $0 3.74%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $19,305,000 $19,305,000 $0 4.50%
ASHEVILLE, NC (FHA|USDA|VA) 1 $18,755,000 $18,755,000 $0 4.61%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $18,085,000 $18,085,000 $0 3.38%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $17,705,000 $17,705,000 $0 4.60%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $16,440,000 $8,220,000 $0 4.87%
BURLINGTON, NC (FHA|USDA|VA) 1 $16,315,000 $16,315,000 $0 4.64%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 3 $15,955,000 $5,318,333 $0 5.39%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $15,615,000 $15,615,000 $0 6.58%
Heber, UT (FHA|USDA|VA) 1 $15,605,000 $15,605,000 $0 4.49%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $15,385,000 $15,385,000 $0 4.69%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $15,005,000 $15,005,000 $0 4.97%
TOLEDO, OH (FHA|USDA|VA) 2 $14,910,000 $7,455,000 $0 4.84%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 3 $14,865,000 $4,955,000 $0 4.20%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 3 $14,745,000 $4,915,000 $0 4.42%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 2 $14,500,000 $7,250,000 $0 5.14%
ALTOONA, PA (FHA|USDA|VA) 1 $13,985,000 $13,985,000 $0 4.24%
TULSA, OK (FHA|USDA|VA) 1 $13,505,000 $13,505,000 $0 4.68%
OCALA, FL (FHA|USDA|VA) 1 $13,475,000 $13,475,000 $0 4.53%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 3 $13,115,000 $4,371,667 $0 4.84%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $13,055,000 $13,055,000 $0 3.84%
WICHITA FALLS, TX (FHA|USDA|VA) 2 $12,730,000 $6,365,000 $0 4.36%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $12,415,000 $12,415,000 $0 5.12%
Harrison, AR (FHA|USDA|VA) 2 $12,370,000 $6,185,000 $0 3.10%
NILES, MI (FHA|USDA|VA) 1 $12,175,000 $12,175,000 $0 4.20%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $11,875,000 $11,875,000 $0 5.81%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $10,795,000 $10,795,000 $0 4.44%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $10,505,000 $10,505,000 $0 4.96%
ANN ARBOR, MI (FHA|USDA|VA) 1 $10,475,000 $10,475,000 $0 4.86%
FORT SMITH, AR-OK (FHA|USDA|VA) 3 $9,655,000 $3,218,333 $0 4.41%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $9,005,000 $9,005,000 $0 5.24%
TOPEKA, KS (FHA|USDA|VA) 1 $8,855,000 $8,855,000 $0 4.96%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $8,730,000 $4,365,000 $0 4.67%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $8,655,000 $8,655,000 $0 3.84%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $8,525,000 $8,525,000 $0 4.88%
Ukiah, CA (FHA|USDA|VA) 2 $8,390,000 $4,195,000 $0 5.13%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $8,380,000 $4,190,000 $0 4.19%
GAINESVILLE, GA (FHA|USDA|VA) 1 $8,065,000 $8,065,000 $0 5.31%
DALTON, GA (FHA|USDA|VA) 1 $7,935,000 $7,935,000 $0 5.29%
AMARILLO, TX (FHA|USDA|VA) 1 $7,805,000 $7,805,000 $0 4.50%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $7,735,000 $7,735,000 $0 4.28%
WILMINGTON, NC (FHA|USDA|VA) 1 $7,605,000 $7,605,000 $0 3.99%
BATTLE CREEK, MI (FHA|USDA|VA) 1 $7,575,000 $7,575,000 $0 5.10%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $7,255,000 $7,255,000 $0 4.92%
JACKSONVILLE, NC (FHA|USDA|VA) 2 $7,050,000 $3,525,000 $0 3.86%
RENO, NV (FHA|USDA|VA) 2 $6,950,000 $3,475,000 $0 4.88%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $6,735,000 $6,735,000 $0 5.16%
MUSKEGON, MI (FHA|USDA|VA) 1 $6,605,000 $6,605,000 $0 4.20%
Steamboat Springs, CO (FHA|USDA|VA) 1 $6,375,000 $6,375,000 $0 4.79%
Rockport, TX (FHA|USDA|VA) 1 $5,655,000 $5,655,000 $0 3.84%
HOT SPRINGS, AR (FHA|USDA|VA) 1 $5,385,000 $5,385,000 $0 3.00%
Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $5,375,000 $5,375,000 $0 3.77%
DANVILLE, IL (FHA|USDA|VA) 1 $5,275,000 $5,275,000 $0 4.71%
PITTSBURGH, PA (FHA|USDA|VA) 1 $5,175,000 $5,175,000 $0 6.75%
Arkadelphia, AR (FHA|USDA|VA) 1 $4,645,000 $4,645,000 $0 3.09%
Milledgeville, GA (FHA|USDA|VA) 1 $4,505,000 $4,505,000 $0 4.83%
El Dorado, AR (FHA|USDA|VA) 1 $4,215,000 $4,215,000 $0 4.98%
ALBANY, GA (FHA|USDA|VA) 1 $4,035,000 $4,035,000 $0 4.10%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $4,005,000 $4,005,000 $0 5.98%
VICTORIA, TX (FHA|USDA|VA) 1 $3,705,000 $3,705,000 $0 4.99%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $3,685,000 $3,685,000 $0 6.09%
KOKOMO, IN (FHA|USDA|VA) 1 $3,505,000 $3,505,000 $0 6.21%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $3,465,000 $3,465,000 $0 5.19%
COLUMBIA, SC (FHA|USDA|VA) 1 $3,365,000 $3,365,000 $0 3.50%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $3,305,000 $3,305,000 $0 4.16%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $3,095,000 $3,095,000 $0 4.96%
BOISE CITY, ID (FHA|USDA|VA) 1 $3,055,000 $3,055,000 $0 5.60%
Grenada, MS (FHA|USDA|VA) 1 $2,805,000 $2,805,000 $0 3.71%
NEW BERN, NC (FHA|USDA|VA) 1 $2,725,000 $2,725,000 $0 3.99%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $2,605,000 $2,605,000 $0 4.98%
HAMMOND, LA (FHA|USDA|VA) 1 $2,535,000 $2,535,000 $0 4.92%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $2,495,000 $2,495,000 $0 5.31%
Greenville, MS (FHA|USDA|VA) 1 $2,245,000 $2,245,000 $0 4.83%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $2,045,000 $2,045,000 $0 4.35%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $0 5.59%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $1,795,000 $1,795,000 $0 5.60%
Camden, AR (FHA|USDA|VA) 1 $1,735,000 $1,735,000 $0 3.20%
Beatrice, NE (FHA|USDA|VA) 1 $1,045,000 $1,045,000 $0 3.00%
Berkadia Commercial Mortgage's top markets include Dallas, Atlanta, Chicago, Washington, and Indianapolis among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 401 $7,032,235,000 $17,536,746 $0 4.73%
    FHA 130 $2,120,780,000 $16,313,692 $0 4.08%

    For 2018, Berkadia Commercial Mortgage's most frequently originated type of loan was Conventional, with 401 originations. Their 2nd most popular type was FHA, with 130 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 220 $3,896,690,000 $17,712,227 $0 4.50%
    Home Purchase 187 $3,736,645,000 $19,982,059 $0 4.66%
    Other 122 $1,505,260,000 $12,338,197 $0 4.56%
    Home Improvement 2 $14,420,000 $7,210,000 $0 4.92%

    For 2018, Berkadia Commercial Mortgage's most frequently cited loan purpose was Refi, with 220 originations. The 2nd most popular reason was Home Purchase, with 187 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 237 $3,533,405,000 $14,908,882 $0 4.71%
    10 Year 155 $3,162,265,000 $20,401,710 $0 4.62%
    30+ year 74 $1,448,870,000 $19,579,324 $0 3.96%
    15 Year 32 $631,810,000 $19,744,063 $0 4.69%
    30 Year 21 $231,095,000 $11,004,524 $0 4.43%
    1 Year 8 $126,990,000 $15,873,750 $0 4.96%
    5 Year 3 $16,705,000 $5,568,333 $0 5.27%
    20 Year 1 $1,875,000 $1,875,000 $0 3.95%

    For 2018, Berkadia Commercial Mortgage's most frequently cited loan duration was Other, with 237 originations. The 2nd most popular length was 10 Year, with 155 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 331 $6,175,595,000 $18,657,387
    3-4% 91 $1,808,675,000 $19,875,549
    5-6% 85 $911,175,000 $10,719,706
    6-7% 15 $177,545,000 $11,836,333
    2.5-3% 8 $60,290,000 $7,536,250
    % 1 $19,735,000 $19,735,000

    During 2018, Berkadia Commercial Mortgage's average interest rate for loans was 4.43%, while their most frequently originated rate bucket for loans was 4-5%, with 331 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 529 $9,151,525,000 $17,299,669 $0 4.57%
    $600k-1MM 2 $1,490,000 $745,000 $0 4.39%

    2018 saw Berkadia Commercial Mortgage place emphasis on $1MM+ loans with 529 originations, totaling $9,151,525,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 531 $9,153,015,000 $17,237,316 $0 4.57%

    Approval Rates

    Total approvals of all applications
    99.14%

    Berkadia Commercial Mortgage 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
    90.96%

    Berkadia Commercial Mortgage has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 531 $9,153,015,000 $17,237,316

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 531 $9,153,015,000 $17,237,316

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $36,000,000 $9,000,000 $0 4.27%
    40-60% 45 $856,385,000 $19,030,778 $0 4.35%
    60-80% 336 $5,826,940,000 $17,342,083 $0 4.78%
    80-100% 103 $2,081,175,000 $20,205,583 $0 4.27%
    Under 20% 4 $12,360,000 $3,090,000 $0 4.98%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Brightfunders, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 16.7%
    Brightfunders, LLC Conventional home mortgage Closing on a mortgage 1 16.7%
    Brightfunders, LLC FHA mortgage Closing on a mortgage 2 33.3%
    Brightfunders, LLC Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 33.3%