Nationstar Mortgage

Coppell, TX 75019

LEI: 549300LBCBNR1OT00651

Tax ID: 75-2921540

2019 Data *Active* | 2018 Data


Overview

Nationstar Mortgage is a large mortgage company specializing in Refi and Cash Out Refi loans. Nationstar Mortgage has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Los Angeles, Riverside, Washington, Atlanta, and New York 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. Nationstar Mortgage is typically a low/ high/ fee lendor.


Originations

83,994

Origination Dollar Volume (All Markets)

$19,900,910,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 32,793 $7,337,985,000 $223,767
FHA 33,390 $7,697,110,000 $230,521
VA 17,007 $4,736,015,000 $278,474
USDA 804 $129,800,000 $161,443

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 13,133 $3,025,085,000 $230,342
Other 187 $27,085,000 $144,840
Refi 34,332 $8,788,490,000 $255,985
Cash Out Refi 36,342 $8,060,250,000 $221,789

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 6,517 $1,134,555,000 $174,092
LOS ANGELES-LONG BEACH-GLENDALE, CA 2,086 $786,170,000 $376,879
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 2,357 $721,925,000 $306,290
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 2,078 $674,700,000 $324,687
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 3,024 $614,600,000 $203,241
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 1,387 $527,995,000 $380,674
PHOENIX-MESA-CHANDLER, AZ 2,111 $486,215,000 $230,324
DENVER-AURORA-LAKEWOOD, CO 1,477 $463,435,000 $313,768
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 1,032 $422,670,000 $409,564
CHICAGO-NAPERVILLE-EVANSTON, IL 1,800 $390,520,000 $216,956
DALLAS-PLANO-IRVING, TX 1,543 $353,745,000 $229,258
NASSAU COUNTY-SUFFOLK COUNTY, NY 972 $330,280,000 $339,794
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 1,612 $311,650,000 $193,331
OAKLAND-BERKELEY-LIVERMORE, CA 718 $291,070,000 $405,390
SACRAMENTO-ROSEVILLE-FOLSOM, CA 936 $287,680,000 $307,350
LAS VEGAS-HENDERSON-PARADISE, NV 1,131 $282,785,000 $250,031
SEATTLE-BELLEVUE-KENT, WA 759 $256,535,000 $337,991
BALTIMORE-COLUMBIA-TOWSON, MD 941 $249,315,000 $264,947
ANAHEIM-SANTA ANA-IRVINE, CA 528 $226,560,000 $429,091
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 1,034 $225,640,000 $218,221
TAMPA-ST. PETERSBURG-CLEARWATER, FL 1,100 $225,140,000 $204,673
ORLANDO-KISSIMMEE-SANFORD, FL 1,009 $222,125,000 $220,144
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 696 $209,040,000 $300,345
BOSTON, MA 611 $201,255,000 $329,386
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 608 $198,700,000 $326,809
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 804 $184,010,000 $228,868
CHARLOTTE-CONCORD-GASTONIA, NC-SC 909 $181,095,000 $199,224
NEW BRUNSWICK-LAKEWOOD, NJ 631 $179,625,000 $284,667
TACOMA-LAKEWOOD, WA 577 $176,745,000 $306,317
FORT WORTH-ARLINGTON-GRAPEVINE, TX 839 $175,035,000 $208,623
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 727 $174,445,000 $239,952
SAN ANTONIO-NEW BRAUNFELS, TX 777 $162,915,000 $209,672
WARREN-TROY-FARMINGTON HILLS, MI 865 $158,305,000 $183,012
AUSTIN-ROUND ROCK-GEORGETOWN, TX 622 $150,810,000 $242,460
NEWARK, NJ-PA 497 $149,115,000 $300,030
PROVIDENCE-WARWICK, RI-MA 555 $141,565,000 $255,072
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 545 $140,765,000 $258,284
JACKSONVILLE, FL 630 $136,720,000 $217,016
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 546 $136,650,000 $250,275
SALT LAKE CITY, UT 494 $132,280,000 $267,773
MIAMI-MIAMI BEACH-KENDALL, FL 486 $123,760,000 $254,650
COLORADO SPRINGS, CO 422 $119,440,000 $283,033
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 443 $113,165,000 $255,451
INDIANAPOLIS-CARMEL-ANDERSON, IN 646 $112,380,000 $173,963
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 247 $112,285,000 $454,595
STOCKTON, CA 364 $111,640,000 $306,703
ST. LOUIS, MO-IL 648 $110,110,000 $169,923
RICHMOND, VA 495 $108,025,000 $218,232
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 333 $104,995,000 $315,300
VALLEJO, CA 287 $99,985,000 $348,380
WORCESTER, MA-CT 411 $98,375,000 $239,355
COLUMBUS, OH 546 $96,570,000 $176,868
CINCINNATI, OH-KY-IN 582 $95,610,000 $164,278
OXNARD-THOUSAND OAKS-VENTURA, CA 228 $94,210,000 $413,202
KANSAS CITY, MO-KS 490 $87,290,000 $178,143
BUFFALO-CHEEKTOWAGA, NY 512 $79,400,000 $155,078
RALEIGH-CARY, NC 341 $79,215,000 $232,302
OGDEN-CLEARFIELD, UT 296 $77,140,000 $260,608
PHILADELPHIA, PA 427 $76,455,000 $179,052
FRESNO, CA 314 $76,200,000 $242,675
CAMDEN, NJ 346 $71,000,000 $205,202
CHARLESTON-NORTH CHARLESTON, SC 316 $68,130,000 $215,601
LAKELAND-WINTER HAVEN, FL 363 $66,125,000 $182,163
PALM BAY-MELBOURNE-TITUSVILLE, FL 316 $63,870,000 $202,120
BOISE CITY, ID 265 $63,705,000 $240,396
MEMPHIS, TN-MS-AR 358 $63,690,000 $177,905
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 229 $63,225,000 $276,092
ELGIN, IL 291 $62,805,000 $215,825
DETROIT-DEARBORN-LIVONIA, MI 400 $62,360,000 $155,900
BAKERSFIELD, CA 282 $62,030,000 $219,965
PITTSBURGH, PA 395 $60,815,000 $153,962
CLARKSVILLE, TN-KY 297 $59,175,000 $199,242
CLEVELAND-ELYRIA, OH 376 $58,990,000 $156,888
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 305 $57,495,000 $188,508
GREELEY, CO 199 $56,635,000 $284,598
NEW ORLEANS-METAIRIE, LA 305 $56,375,000 $184,836
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 221 $56,345,000 $254,955
FAYETTEVILLE, NC 290 $55,980,000 $193,034
PROVO-OREM, UT 197 $54,385,000 $276,066
BRIDGEPORT-STAMFORD-NORWALK, CT 178 $54,250,000 $304,775
SANTA ROSA-PETALUMA, CA 126 $53,410,000 $423,889
NORTH PORT-SARASOTA-BRADENTON, FL 234 $53,270,000 $227,650
TUCSON, AZ 280 $53,250,000 $190,179
LOUISVILLE/JEFFERSON COUNTY, KY-IN 298 $52,970,000 $177,752
ALBUQUERQUE, NM 269 $52,815,000 $196,338
BIRMINGHAM-HOOVER, AL 281 $52,355,000 $186,317
MODESTO, CA 206 $51,910,000 $251,990
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 102 $50,690,000 $496,961
GREENVILLE-ANDERSON, SC 288 $49,910,000 $173,299
CAPE CORAL-FORT MYERS, FL 249 $49,575,000 $199,096
PORTLAND-SOUTH PORTLAND, ME 207 $49,035,000 $236,884
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 233 $48,825,000 $209,549
WILMINGTON, DE-MD-NJ 208 $48,070,000 $231,106
SALINAS, CA 116 $47,130,000 $406,293
OLYMPIA-LACEY-TUMWATER, WA 157 $46,475,000 $296,019
FORT COLLINS, CO 153 $46,445,000 $303,562
MILWAUKEE-WAUKESHA, WI 241 $46,275,000 $192,012
LAKE COUNTY-KENOSHA COUNTY, IL-WI 212 $46,040,000 $217,170
MANCHESTER-NASHUA, NH 182 $45,950,000 $252,473
COLUMBIA, SC 243 $44,615,000 $183,601
BREMERTON-SILVERDALE-PORT ORCHARD, WA 146 $43,690,000 $299,247
OKLAHOMA CITY, OK 268 $43,610,000 $162,724
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 216 $42,370,000 $196,157
GARY, IN 242 $42,160,000 $174,215
RENO, NV 150 $41,670,000 $277,800
GRAND RAPIDS-KENTWOOD, MI 248 $41,020,000 $165,403
SPOKANE-SPOKANE VALLEY, WA 180 $39,630,000 $220,167
PORT ST. LUCIE, FL 190 $38,550,000 $202,895
NEW HAVEN-MILFORD, CT 184 $37,860,000 $205,761
URBAN HONOLULU, HI 73 $37,315,000 $511,164
HARRISBURG-CARLISLE, PA 202 $35,400,000 $175,248
DURHAM-CHAPEL HILL, NC 169 $34,535,000 $204,349
KNOXVILLE, TN 185 $33,695,000 $182,135
SALEM, OR 138 $32,810,000 $237,754
LANCASTER, PA 168 $32,390,000 $192,798
PENSACOLA-FERRY PASS-BRENT, FL 167 $30,905,000 $185,060
HUNTSVILLE, AL 145 $30,775,000 $212,241
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 159 $29,445,000 $185,189
ALBANY-SCHENECTADY-TROY, NY 159 $28,995,000 $182,358
YORK-HANOVER, PA 160 $28,450,000 $177,813
SAVANNAH, GA 140 $28,240,000 $201,714
BATON ROUGE, LA 160 $27,550,000 $172,188
VISALIA, CA 133 $27,375,000 $205,827
OMAHA-COUNCIL BLUFFS, NE-IA 155 $27,225,000 $175,645
YUBA CITY, CA 99 $26,045,000 $263,081
ROCHESTER, NY 188 $25,630,000 $136,330
MERCED, CA 107 $25,345,000 $236,869
CHATTANOOGA, TN-GA 148 $25,230,000 $170,473
KILLEEN-TEMPLE, TX 135 $24,975,000 $185,000
SANTA MARIA-SANTA BARBARA, CA 78 $24,940,000 $319,744
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 108 $24,900,000 $230,556
LAKE HAVASU CITY-KINGMAN, AZ 135 $24,465,000 $181,222
SPRINGFIELD, MA 127 $24,275,000 $191,142
SAN LUIS OBISPO-PASO ROBLES, CA 63 $23,545,000 $373,730
NAPLES-MARCO ISLAND, FL 86 $23,160,000 $269,302
GREENSBORO-HIGH POINT, NC 146 $23,050,000 $157,877
ASHEVILLE, NC 117 $22,855,000 $195,342
PRESCOTT VALLEY-PRESCOTT, AZ 105 $22,845,000 $217,571
DES MOINES-WEST DES MOINES, IA 127 $22,425,000 $176,575
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 125 $22,195,000 $177,560
CORPUS CHRISTI, TX 115 $21,735,000 $189,000
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 141 $21,725,000 $154,078
BARNSTABLE TOWN, MA 78 $21,440,000 $274,872
TULSA, OK 125 $21,385,000 $171,080
BOULDER, CO 63 $21,205,000 $336,587
READING, PA 119 $21,115,000 $177,437
OCALA, FL 129 $20,585,000 $159,574
WINSTON-SALEM, NC 130 $19,920,000 $153,231
LEXINGTON-FAYETTE, KY 109 $19,825,000 $181,881
AUGUSTA-RICHMOND COUNTY, GA-SC 115 $19,785,000 $172,043
HAGERSTOWN-MARTINSBURG, MD-WV 94 $19,600,000 $208,511
HILTON HEAD ISLAND-BLUFFTON, SC 84 $19,470,000 $231,786
HOUMA-THIBODAUX, LA 120 $19,280,000 $160,667
BEND, OR 71 $19,065,000 $268,521
AKRON, OH 113 $18,945,000 $167,655
ST. GEORGE, UT 67 $18,895,000 $282,015
SALISBURY, MD-DE 87 $18,745,000 $215,460
ANN ARBOR, MI 86 $18,420,000 $214,186
WILMINGTON, NC 88 $18,400,000 $209,091
SANTA CRUZ-WATSONVILLE, CA 43 $18,025,000 $419,186
NORWICH-NEW LONDON, CT 86 $17,960,000 $208,837
SPARTANBURG, SC 106 $17,890,000 $168,774
SHREVEPORT-BOSSIER CITY, LA 109 $17,495,000 $160,505
EUGENE-SPRINGFIELD, OR 75 $17,365,000 $231,533
EL PASO, TX 120 $17,260,000 $143,833
KENNEWICK-RICHLAND, WA 70 $16,880,000 $241,143
SANTA FE, NM 58 $16,650,000 $287,069
SCRANTON--WILKES-BARRE, PA 120 $16,590,000 $138,250
DAYTON-KETTERING, OH 107 $16,585,000 $155,000
REDDING, CA 69 $16,145,000 $233,986
DOVER, DE 72 $16,080,000 $223,333
JACKSON, MS 89 $15,355,000 $172,528
EL CENTRO, CA 65 $15,225,000 $234,231
GULFPORT-BILOXI, MS 85 $15,175,000 $178,529
COLUMBUS, GA-AL 77 $15,125,000 $196,429
ROANOKE, VA 85 $15,015,000 $176,647
PUNTA GORDA, FL 80 $14,900,000 $186,250
FLINT, MI 102 $14,860,000 $145,686
BELLINGHAM, WA 50 $14,830,000 $296,600
MADISON, WI 68 $14,710,000 $216,324
WINCHESTER, VA-WV 64 $14,690,000 $229,531
COEUR D'ALENE, ID 57 $14,515,000 $254,649
WICHITA, KS 96 $14,380,000 $149,792
GAINESVILLE, GA 66 $14,140,000 $214,242
MEDFORD, OR 55 $14,125,000 $256,818
CALIFORNIA-LEXINGTON PARK, MD 51 $13,945,000 $273,431
MONTGOMERY, AL 80 $13,920,000 $174,000
NAPA, CA 33 $13,785,000 $417,727
CHICO, CA 54 $13,610,000 $252,037
CHARLOTTESVILLE, VA 61 $13,305,000 $218,115
MADERA, CA 59 $13,255,000 $224,661
PUEBLO, CO 76 $13,160,000 $173,158
LANSING-EAST LANSING, MI 85 $13,125,000 $154,412
FORT WAYNE, IN 88 $12,990,000 $147,614
DAPHNE-FAIRHOPE-FOLEY, AL 65 $12,865,000 $197,923
MIDLAND, TX 55 $12,735,000 $231,545
WACO, TX 66 $12,670,000 $191,970
TRENTON-PRINCETON, NJ 52 $12,520,000 $240,769
TALLAHASSEE, FL 71 $12,455,000 $175,423
LAFAYETTE, LA 72 $12,390,000 $172,083
TOLEDO, OH 79 $12,175,000 $154,114
MOBILE, AL 80 $12,060,000 $150,750
SPRINGFIELD, MO 75 $11,775,000 $157,000
EAST STROUDSBURG, PA 67 $11,295,000 $168,582
ALBANY-LEBANON, OR 50 $11,200,000 $224,000
BEAUMONT-PORT ARTHUR, TX 63 $11,095,000 $176,111
MCALLEN-EDINBURG-MISSION, TX 81 $10,915,000 $134,753
ROCKFORD, IL 76 $10,770,000 $141,711
ATHENS-CLARKE COUNTY, GA 57 $10,585,000 $185,702
ODESSA, TX 50 $10,320,000 $206,400
LAREDO, TX 61 $10,245,000 $167,951
ALTOONA, PA 69 $10,125,000 $146,739
SYRACUSE, NY 78 $10,070,000 $129,103
WENATCHEE, WA 37 $10,035,000 $271,216
HICKORY-LENOIR-MORGANTON, NC 65 $10,015,000 $154,077
AUBURN-OPELIKA, AL 49 $9,965,000 $203,367
HOMOSASSA SPRINGS, FL 62 $9,880,000 $159,355
MOUNT VERNON-ANACORTES, WA 37 $9,865,000 $266,622
LONGVIEW, WA 44 $9,820,000 $223,182
JACKSONVILLE, NC 62 $9,790,000 $157,903
SEBASTIAN-VERO BEACH, FL 51 $9,765,000 $191,471
GRAND JUNCTION, CO 45 $9,735,000 $216,333
MONROE, MI 65 $9,695,000 $149,154
EVANSVILLE, IN-KY 61 $9,655,000 $158,279
KINGSPORT-BRISTOL, TN-VA 66 $9,370,000 $141,970
CHEYENNE, WY 40 $9,310,000 $232,750
PANAMA CITY, FL 44 $8,980,000 $204,091
SOUTH BEND-MISHAWAKA, IN-MI 61 $8,845,000 $145,000
SAN RAFAEL, CA 21 $8,525,000 $405,952
GAINESVILLE, FL 57 $8,525,000 $149,561
LYNCHBURG, VA 53 $8,495,000 $160,283
SHERMAN-DENISON, TX 41 $8,335,000 $203,293
FLAGSTAFF, AZ 30 $8,310,000 $277,000
LEBANON, PA 42 $8,250,000 $196,429
RAPID CITY, SD 42 $8,210,000 $195,476
GLENS FALLS, NY 58 $8,200,000 $141,379
IDAHO FALLS, ID 39 $8,175,000 $209,615
CANTON-MASSILLON, OH 58 $8,170,000 $140,862
GETTYSBURG, PA 44 $8,150,000 $185,227
ELKHART-GOSHEN, IN 57 $8,065,000 $141,491
ABILENE, TX 44 $8,010,000 $182,045
AMARILLO, TX 50 $7,970,000 $159,400
TYLER, TX 45 $7,945,000 $176,556
BURLINGTON-SOUTH BURLINGTON, VT 34 $7,880,000 $231,765
GRANTS PASS, OR 29 $7,765,000 $267,759
WARNER ROBINS, GA 51 $7,715,000 $151,275
RACINE, WI 42 $7,590,000 $180,714
HANFORD-CORCORAN, CA 36 $7,530,000 $209,167
COLLEGE STATION-BRYAN, TX 40 $7,500,000 $187,500
FLORENCE, SC 43 $7,405,000 $172,209
JACKSON, MI 51 $7,365,000 $144,412
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 52 $7,320,000 $140,769
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 55 $7,265,000 $132,091
LAKE CHARLES, LA 37 $7,235,000 $195,541
LINCOLN, NE 39 $7,125,000 $182,692
ATLANTIC CITY-HAMMONTON, NJ 37 $7,045,000 $190,405
YUMA, AZ 41 $7,015,000 $171,098
CLEVELAND, TN 39 $6,945,000 $178,077
LUBBOCK, TX 40 $6,910,000 $172,750
ELMIRA, NY 48 $6,840,000 $142,500
VINELAND-BRIDGETON, NJ 43 $6,655,000 $154,767
GREEN BAY, WI 45 $6,585,000 $146,333
DULUTH, MN-WI 38 $6,450,000 $169,737
SUMTER, SC 40 $6,450,000 $161,250
TUSCALOOSA, AL 40 $6,400,000 $160,000
KINGSTON, NY 27 $6,335,000 $234,630
SIOUX FALLS, SD 30 $6,270,000 $209,000
HAMMOND, LA 40 $6,230,000 $155,750
CHAMBERSBURG-WAYNESBORO, PA 34 $6,150,000 $180,882
OCEAN CITY, NJ 28 $6,090,000 $217,500
PEORIA, IL 48 $5,940,000 $123,750
ELIZABETHTOWN-FORT KNOX, KY 36 $5,920,000 $164,444
BROWNSVILLE-HARLINGEN, TX 44 $5,850,000 $132,955
CEDAR RAPIDS, IA 42 $5,760,000 $137,143
BURLINGTON, NC 35 $5,645,000 $161,286
ST. CLOUD, MN 36 $5,610,000 $155,833
APPLETON, WI 37 $5,545,000 $149,865
MORRISTOWN, TN 33 $5,525,000 $167,424
LAFAYETTE-WEST LAFAYETTE, IN 41 $5,495,000 $134,024
YAKIMA, WA 28 $5,470,000 $195,357
JOHNSON CITY, TN 36 $5,420,000 $150,556
BLACKSBURG-CHRISTIANSBURG, VA 27 $5,295,000 $196,111
BINGHAMTON, NY 39 $5,295,000 $135,769
BILLINGS, MT 27 $5,275,000 $195,370
MISSOULA, MT 22 $5,270,000 $239,545
LAWTON, OK 31 $5,225,000 $168,548
FORT SMITH, AR-OK 37 $5,215,000 $140,946
JACKSON, TN 36 $5,200,000 $144,444
MICHIGAN CITY-LA PORTE, IN 34 $5,190,000 $152,647
MACON-BIBB COUNTY, GA 36 $5,150,000 $143,056
LONGVIEW, TX 36 $5,090,000 $141,389
DECATUR, AL 30 $5,060,000 $168,667
BRUNSWICK, GA 26 $5,000,000 $192,308
KALAMAZOO-PORTAGE, MI 35 $4,935,000 $141,000
CARSON CITY, NV 20 $4,930,000 $246,500
DOTHAN, AL 33 $4,915,000 $148,939
GREENVILLE, NC 30 $4,910,000 $163,667
ROCHESTER, MN 26 $4,880,000 $187,692
JANESVILLE-BELOIT, WI 32 $4,800,000 $150,000
HINESVILLE, GA 30 $4,790,000 $159,667
BANGOR, ME 29 $4,775,000 $164,655
LEWISTON-AUBURN, ME 29 $4,775,000 $164,655
KANKAKEE, IL 31 $4,625,000 $149,194
BLOOMINGTON, IN 26 $4,570,000 $175,769
LAS CRUCES, NM 30 $4,550,000 $151,667
MUSKEGON, MI 34 $4,490,000 $132,059
STAUNTON, VA 24 $4,470,000 $186,250
NEW BERN, NC 25 $4,425,000 $177,000
MONROE, LA 26 $4,320,000 $166,154
TOPEKA, KS 32 $4,300,000 $134,375
THE VILLAGES, FL 21 $4,235,000 $201,667
HUNTINGTON-ASHLAND, WV-KY-OH 32 $4,190,000 $130,938
ERIE, PA 26 $3,970,000 $152,692
EAU CLAIRE, WI 24 $3,950,000 $164,583
POCATELLO, ID 19 $3,945,000 $207,632
HATTIESBURG, MS 24 $3,930,000 $163,750
BOWLING GREEN, KY 23 $3,915,000 $170,217
SPRINGFIELD, OH 26 $3,910,000 $150,385
UTICA-ROME, NY 33 $3,895,000 $118,030
SPRINGFIELD, IL 26 $3,820,000 $146,923
MANHATTAN, KS 19 $3,815,000 $200,789
TWIN FALLS, ID 19 $3,785,000 $199,211
HARRISONBURG, VA 19 $3,785,000 $199,211
CORVALLIS, OR 14 $3,670,000 $262,143
ALEXANDRIA, LA 24 $3,590,000 $149,583
BLOOMSBURG-BERWICK, PA 19 $3,515,000 $185,000
CAPE GIRARDEAU, MO-IL 19 $3,475,000 $182,895
WAUSAU-WESTON, WI 20 $3,430,000 $171,500
VALDOSTA, GA 20 $3,370,000 $168,500
ST. JOSEPH, MO-KS 22 $3,360,000 $152,727
OSHKOSH-NEENAH, WI 21 $3,355,000 $159,762
ANCHORAGE, AK 13 $3,355,000 $258,077
KOKOMO, IN 24 $3,350,000 $139,583
ALBANY, GA 24 $3,300,000 $137,500
BLOOMINGTON, IL 15 $3,255,000 $217,000
NILES, MI 22 $3,220,000 $146,364
LOGAN, UT-ID 14 $3,200,000 $228,571
FARGO, ND-MN 16 $3,200,000 $200,000
STATE COLLEGE, PA 16 $3,170,000 $198,125
ROME, GA 22 $3,130,000 $142,273
PINE BLUFF, AR 20 $3,000,000 $150,000
CHAMPAIGN-URBANA, IL 22 $2,940,000 $133,636
GOLDSBORO, NC 18 $2,900,000 $161,111
COLUMBIA, MO 18 $2,890,000 $160,556
WATERTOWN-FORT DRUM, NY 17 $2,885,000 $169,706
BISMARCK, ND 13 $2,855,000 $219,615
LEWISTON, ID-WA 15 $2,775,000 $185,000
SEBRING-AVON PARK, FL 20 $2,760,000 $138,000
DALTON, GA 18 $2,700,000 $150,000
FLORENCE-MUSCLE SHOALS, AL 18 $2,670,000 $148,333
KAHULUI-WAILUKU-LAHAINA, HI 6 $2,660,000 $443,333
LAWRENCE, KS 16 $2,630,000 $164,375
ANNISTON-OXFORD, AL 18 $2,540,000 $141,111
BATTLE CREEK, MI 21 $2,525,000 $120,238
JONESBORO, AR 17 $2,525,000 $148,529
FOND DU LAC, WI 13 $2,455,000 $188,846
CASPER, WY 11 $2,445,000 $222,273
WALLA WALLA, WA 14 $2,380,000 $170,000
COLUMBUS, IN 13 $2,375,000 $182,692
SAGINAW, MI 19 $2,335,000 $122,895
AMES, IA 14 $2,320,000 $165,714
CARBONDALE-MARION, IL 12 $2,320,000 $193,333
LA CROSSE-ONALASKA, WI-MN 14 $2,320,000 $165,714
MANSFIELD, OH 18 $2,280,000 $126,667
SAN ANGELO, TX 14 $2,230,000 $159,286
GADSDEN, AL 18 $2,220,000 $123,333
SIOUX CITY, IA-NE-SD 15 $2,205,000 $147,000
JOHNSTOWN, PA 16 $2,190,000 $136,875
ROCKY MOUNT, NC 14 $2,170,000 $155,000
HOT SPRINGS, AR 12 $2,170,000 $180,833
SIERRA VISTA-DOUGLAS, AZ 14 $2,140,000 $152,857
BAY CITY, MI 15 $2,135,000 $142,333
IOWA CITY, IA 11 $2,045,000 $185,909
TERRE HAUTE, IN 16 $1,900,000 $118,750
MUNCIE, IN 16 $1,860,000 $116,250
WEIRTON-STEUBENVILLE, WV-OH 13 $1,855,000 $142,692
TEXARKANA, TX-AR 11 $1,795,000 $163,182
MANKATO, MN 10 $1,780,000 $178,000
CHARLESTON, WV 16 $1,770,000 $110,625
FARMINGTON, NM 11 $1,765,000 $160,455
CUMBERLAND, MD-WV 13 $1,765,000 $135,769
VICTORIA, TX 9 $1,725,000 $191,667
GREAT FALLS, MT 8 $1,690,000 $211,250
MORGANTOWN, WV 8 $1,600,000 $200,000
JOPLIN, MO 11 $1,575,000 $143,182
ENID, OK 12 $1,540,000 $128,333
OWENSBORO, KY 11 $1,505,000 $136,818
WATERLOO-CEDAR FALLS, IA 11 $1,415,000 $128,636
GRAND FORKS, ND-MN 9 $1,385,000 $153,889
MIDLAND, MI 9 $1,295,000 $143,889
PITTSFIELD, MA 10 $1,290,000 $129,000
WILLIAMSPORT, PA 9 $1,255,000 $139,444
JEFFERSON CITY, MO 10 $1,120,000 $112,000
WHEELING, WV-OH 11 $1,115,000 $101,364
LIMA, OH 7 $1,105,000 $157,857
SHEBOYGAN, WI 7 $1,095,000 $156,429
PARKERSBURG-VIENNA, WV 6 $1,070,000 $178,333
DECATUR, IL 10 $1,050,000 $105,000
WICHITA FALLS, TX 7 $985,000 $140,714
ITHACA, NY 5 $795,000 $159,000
DUBUQUE, IA 4 $740,000 $185,000
DANVILLE, IL 6 $430,000 $71,667
GRAND ISLAND, NE 3 $395,000 $131,667
BECKLEY, WV 5 $385,000 $77,000
FAIRBANKS, AK 2 $300,000 $150,000

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% 1 $185,000 $185,000
2.5-3% 1,087 $353,945,000 $325,616
3-4% 34,187 $9,404,835,000 $275,100
4-5% 38,838 $8,312,930,000 $214,041
5-6% 9,589 $1,784,845,000 $186,135
6-7% 254 $37,890,000 $149,173
7-8% 26 $4,970,000 $191,154
Over 8% 12 $1,310,000 $109,167

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 6,868 $543,890,000 $79,192
$100k-200k 30,967 $4,679,225,000 $151,104
$200k-400k 37,889 $10,685,905,000 $282,032
$400k-600k 7,456 $3,434,280,000 $460,606
$600k-1000k 804 $544,620,000 $677,388
$Over $1MM 10 $12,990,000 $1,299,000

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% 2,206 $381,630,000 $172,996
40-60% 8,650 $1,781,110,000 $205,909
60-80% 24,697 $5,648,015,000 $228,692
80-100% 44,832 $11,112,380,000 $247,867
Over 100% 2,492 $739,070,000 $296,577
Under 20% 224 $31,140,000 $139,018

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 13,240 $3,724,800,000 $281,329
$150k-250k 5,844 $1,971,760,000 $337,399
$50k-75k 16,141 $3,006,545,000 $186,268
$50k-or less 10,331 $1,378,505,000 $133,434
$75k-100k 12,203 $2,858,835,000 $234,273
$Over $250k 977 $370,915,000 $379,647

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 55,289 $12,742,305,000 $230,467
Not provided 13,652 $3,456,940,000 $253,219
Black 11,230 $2,610,220,000 $232,433
Asian 2,451 $754,985,000 $308,031
American Indian 864 $194,020,000 $224,560
Native Hawaiian 285 $80,675,000 $283,070
Other Pacific Islander 103 $22,865,000 $221,990
Filipino 55 $19,805,000 $360,091
Other Asian 24 $6,080,000 $253,333
Asian Indian 14 $5,120,000 $365,714
Chinese 8 $2,490,000 $311,250
Japanese 5 $2,005,000 $401,000
Guamanian 4 $1,000,000 $250,000
Vietnamese 4 $810,000 $202,500
Korean 3 $795,000 $265,000
Samoan 2 $480,000 $240,000
Native Hawiian 1 $315,000 $315,000

Approval Rates

Total approvals of all applications
89.90%

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
65.60%

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 83,994 $19,900,910,000 $236,933

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 33,880 $8,870,480,000 $261,821
$1k-2k 6,289 $1,463,765,000 $232,750
$2k-3k 7,925 $1,528,275,000 $192,842
$3k-4k 20,047 $3,712,785,000 $185,204
$5k+ 13,281 $3,842,515,000 $289,324

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 1,215 $182,325,000 $150,062
Single Family (1-4 Units):Site-Built 82,779 $19,718,585,000 $238,208