Randolph-brooks Mortgage Rates, Fees & Info
Live Oak, TXLEI: 549300LU6Y2TXG48QY48
Tax ID: 74-1185010
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Randolph-brooks is a small mortgage company specializing in Cash Out Refi, Refi, and Home Purchase loans. Randolph-brooks has a high proportion of conventional loans. Their top markets include San Antonio, Austin, Dallas, Houston, and Corpus Christi among others. Randolph-brooks has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Randolph-brooks is typically a low fee lendor.Originations
8,584Origination Dollar Volume (All Markets)
$1,575,960,000Awards
RANDOLPH-BROOKS - 2021
RANDOLPH-BROOKS is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Randolph-brooks's average 30 year fixed rate mortgage of loans were
3.24%.
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
Randolph-brooks's average total fees for a 30 year fixed rate
mortgage are $3,123.
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 |
|---|---|---|---|---|---|
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 4,505 | $721,275,000 | $160,105 | $2,202 | 3.12% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2,185 | $430,425,000 | $196,991 | $2,594 | 3.14% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 902 | $208,600,000 | $231,264 | $3,226 | 3.14% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 225 | $64,925,000 | $288,556 | $4,409 | 2.97% |
| Outside of Metro Areas | 183 | $43,415,000 | $237,240 | $4,447 | 3.03% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 186 | $34,040,000 | $183,011 | $3,321 | 3.05% |
| Kerrville, TX (FHA|USDA|VA) | 73 | $12,435,000 | $170,342 | $2,913 | 2.93% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 27 | $6,785,000 | $251,296 | $4,672 | 3.25% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 17 | $6,115,000 | $359,706 | $4,869 | 2.92% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 41 | $5,895,000 | $143,780 | $2,565 | 3.14% |
| Rockport, TX (FHA|USDA|VA) | 19 | $4,605,000 | $242,368 | $5,947 | 2.78% |
| LAREDO, TX (FHA|USDA|VA) | 28 | $4,140,000 | $147,857 | $2,793 | 3.00% |
| Fredericksburg, TX (FHA|USDA|VA) | 14 | $3,620,000 | $258,571 | $4,026 | 2.98% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 18 | $3,070,000 | $170,556 | $3,895 | 3.06% |
| WACO, TX (FHA|USDA|VA) | 14 | $3,050,000 | $217,857 | $4,046 | 2.81% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 26 | $3,020,000 | $116,154 | $1,854 | 3.10% |
| EL PASO, TX (FHA|USDA|VA) | 14 | $2,310,000 | $165,000 | $1,850 | 3.11% |
| LUBBOCK, TX (FHA|USDA|VA) | 8 | $1,730,000 | $216,250 | $4,022 | 2.93% |
| MIDLAND, TX (FHA|USDA|VA) | 4 | $1,440,000 | $360,000 | $4,773 | 3.72% |
| Huntsville, TX (FHA|USDA|VA) | 6 | $1,300,000 | $216,667 | $4,129 | 2.85% |
| TYLER, TX (FHA|USDA|VA) | 7 | $1,205,000 | $172,143 | $2,929 | 2.87% |
| Kingsville, TX (FHA|USDA|VA) | 5 | $955,000 | $191,000 | $4,592 | 2.65% |
| Bonham, TX (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $4,760 | 3.42% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $4,810 | 2.84% |
| Uvalde, TX (FHA|USDA|VA) | 5 | $765,000 | $153,000 | $2,671 | 2.78% |
| Bay City, TX (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $3,451 | 2.37% |
| Eagle Pass, TX (FHA|USDA|VA) | 6 | $660,000 | $110,000 | $1,332 | 2.88% |
| SAN ANGELO, TX (FHA|USDA|VA) | 5 | $645,000 | $129,000 | $2,979 | 2.89% |
| Brenham, TX (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $4,359 | 4.25% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $10,558 | 2.88% |
| Del Rio, TX (FHA|USDA|VA) | 7 | $515,000 | $73,571 | $1,203 | 3.20% |
| Lufkin, TX (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $1,847 | 3.29% |
| Palestine, TX (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $2,375 | 3.73% |
| VICTORIA, TX (FHA|USDA|VA) | 5 | $465,000 | $93,000 | $1,954 | 3.35% |
| Port Lavaca, TX (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $2,539 | 2.23% |
| Pearsall, TX (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,072 | 2.94% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,157 | 3.25% |
| Mineral Wells, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,026 | 2.88% |
| Big Spring, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $9,322 | 2.88% |
| ABILENE, TX (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $0 | 3.25% |
| Granbury, TX (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $3,493 | 3.25% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $5,942 | 2.44% |
| Nacogdoches, TX (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $175 | 3.23% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,525 | 2.88% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,416 | 2.38% |
| Athens, TX (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $354 | 3.05% |
| El Campo, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,066 | 2.20% |
| Pecos, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,415 | 2.13% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 2.75% |
| Rio Grande City-Roma, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,666 | 2.38% |
| Alice, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $709 | 2.10% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 4.88% |
Randolph-brooks's top markets include San Antonio, Austin, Dallas, Houston, and Corpus Christi among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 8,584 | $1,575,960,000 | $183,593 | $2,569 | 3.11% |
For the 2021 period, Randolph-brooks's most frequently originated loan type of loans were Conventional, with 8,584 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 3,072 | $420,410,000 | $136,852 | $1,033 | 3.34% |
| Refi | 2,383 | $504,385,000 | $211,660 | $3,267 | 2.59% |
| Home Improvement | 1,740 | $144,390,000 | $82,983 | $511 | 3.54% |
| Home Purchase | 1,389 | $506,775,000 | $364,849 | $6,471 | 2.96% |
For the 2021, Randolph-brooks's most frequently cited loan purpose of loans were Cash Out Refi, with 3,072 originations. The 2nd most popular reason of loans were Refi, with 2,383 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 15 Year | 3,444 | $468,920,000 | $136,156 | $2,528 | 2.94% |
| 30 Year | 1,918 | $519,600,000 | $270,907 | $3,123 | 3.24% |
| Other | 1,169 | $144,275,000 | $123,417 | $1,512 | 2.83% |
| 20 Year | 891 | $137,495,000 | $154,315 | $1,522 | 3.74% |
| 10 Year | 756 | $71,120,000 | $94,074 | $591 | 3.39% |
| 30+ year | 358 | $226,190,000 | $631,816 | $10,010 | 2.97% |
| 5 Year | 47 | $8,235,000 | $175,213 | $1,363 | 2.40% |
| 1 Year | 1 | $125,000 | $125,000 | $0 | 3.65% |
For the 2021, Randolph-brooks's most frequently cited loan length of loans were 15 Year, with 3,444 originations. The 2nd most popular length of loans were 30 Year, with 1,918 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 5,365 | $854,175,000 | $159,212 |
| $1k-2k | 1,051 | $341,765,000 | $325,181 |
| $2k-3k | 397 | $85,005,000 | $214,118 |
| $3k-4k | 188 | $58,180,000 | $309,468 |
| $5k+ | 104 | $63,720,000 | $612,692 |
$3,123 of loans were Randolph-brooks's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 5,365 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 3,481 | $724,055,000 | $208,002 |
| 3-4% | 2,539 | $475,435,000 | $187,253 |
| <2.5% | 1,566 | $291,710,000 | $186,277 |
| 4-5% | 850 | $74,050,000 | $87,118 |
| 5-6% | 143 | $10,025,000 | $70,105 |
| 6-7% | 5 | $685,000 | $137,000 |
During 2021, Randolph-brooks's average interest rate of loans were 3.24%, while their most frequently originated rate bucket of loans were 2.5-3%, with 3,481 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 3,289 | $192,105,000 | $58,408 | $482 | 3.34% |
| $100k-200k | 2,756 | $385,470,000 | $139,866 | $1,989 | 2.98% |
| $200k-400k | 1,760 | $474,240,000 | $269,455 | $3,984 | 2.98% |
| $400k-600k | 416 | $201,530,000 | $484,447 | $6,955 | 2.95% |
| $600k-1MM | 276 | $206,180,000 | $747,029 | $8,818 | 2.89% |
| $1MM+ | 87 | $116,435,000 | $1,338,333 | $13,437 | 2.91% |
2021 saw Randolph-brooks place emphasis on $100,000 or less loans with 3,289 originations, totaling $192,105,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 2,258 | $361,010,000 | $159,880 | $2,359 | 3.13% |
| $150k-250k | 1,845 | $431,865,000 | $234,073 | $3,464 | 3.14% |
| $50k-75k | 1,530 | $178,860,000 | $116,902 | $1,665 | 3.07% |
| $75k-100k | 1,361 | $185,855,000 | $136,558 | $2,067 | 3.13% |
| $50k or less | 719 | $62,015,000 | $86,252 | $1,133 | 3.08% |
| $250k+ | 712 | $320,300,000 | $449,860 | $6,189 | 3.01% |
Randolph-brooks lent most frequently to those with incomes in the $100k-150k range, with 2,258 originations. The second most popular income band? $150k-250k, with 1,845 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 2,010 | $367,660,000 | $182,915 | $2,644 | 2.99% |
| 30-36% | 1,467 | $271,125,000 | $184,816 | $2,666 | 3.11% |
| 50-60% | 970 | $173,800,000 | $179,175 | $2,439 | 3.28% |
| <20% | 817 | $147,335,000 | $180,337 | $2,356 | 2.84% |
| 41% | 321 | $60,725,000 | $189,174 | $2,559 | 3.13% |
| 39% | 279 | $54,835,000 | $196,541 | $2,785 | 3.18% |
| 38% | 254 | $49,760,000 | $195,906 | $2,858 | 3.19% |
| 40% | 251 | $46,155,000 | $183,884 | $2,463 | 3.22% |
| 37% | 245 | $43,095,000 | $175,898 | $2,497 | 3.22% |
| 42% | 238 | $43,780,000 | $183,950 | $2,814 | 3.22% |
| 36% | 222 | $40,750,000 | $183,559 | $2,445 | 3.16% |
| 44% | 210 | $38,210,000 | $181,952 | $2,518 | 3.15% |
| 43% | 199 | $36,875,000 | $185,302 | $2,738 | 3.17% |
| 47% | 183 | $32,905,000 | $179,809 | $2,403 | 3.20% |
| 45% | 183 | $31,285,000 | $170,956 | $2,462 | 3.14% |
| 46% | 183 | $31,515,000 | $172,213 | $2,430 | 3.22% |
| 49% | 171 | $31,835,000 | $186,170 | $2,484 | 3.23% |
| 48% | 158 | $27,960,000 | $176,962 | $2,514 | 3.25% |
| >60% | 128 | $20,040,000 | $156,563 | $2,107 | 3.19% |
Randolph-brooks lent most frequently to those with DTI ratios of 20-30%, with 2,010 originations. The next most common DTI ratio? 30-36%, with 1,467 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 5,418 | $987,660,000 | $182,292 | $2,565 | 3.11% |
| Not provided | 2,269 | $402,865,000 | $177,552 | $2,444 | 3.10% |
| Asian | 361 | $82,565,000 | $228,712 | $3,570 | 2.97% |
| Black | 306 | $54,520,000 | $178,170 | $2,768 | 3.24% |
| Not applicable | 73 | $21,765,000 | $298,151 | $0 | 3.63% |
| American Indian | 133 | $21,175,000 | $159,211 | $2,299 | 3.05% |
| Native Hawaiian | 9 | $2,855,000 | $317,222 | $4,892 | 3.24% |
| Asian Indian | 8 | $1,280,000 | $160,000 | $2,835 | 3.00% |
| Other Asian | 2 | $680,000 | $340,000 | $0 | 3.30% |
| Vietnamese | 2 | $330,000 | $165,000 | $44 | 3.35% |
| Chinese | 1 | $125,000 | $125,000 | $0 | 2.75% |
| Japanese | 1 | $85,000 | $85,000 | $730 | 2.35% |
| Filipino | 1 | $55,000 | $55,000 | $1,060 | 4.85% |
Approval Rates
Total approvals of all applications84.74%
Randolph-brooks has a below average approval rate.
Pick Rate
Approvals leading to origination42.97%
Randolph-brooks has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 8,584 | $1,575,960,000 | $183,593 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 8,584 | $1,575,960,000 | $183,593 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 1,645 | $171,665,000 | $104,356 | $968 | 3.15% |
| 40-60% | 1,640 | $316,760,000 | $193,146 | $2,621 | 2.85% |
| 60-80% | 2,571 | $698,395,000 | $271,643 | $3,762 | 2.99% |
| 80-100% | 889 | $277,005,000 | $311,592 | $4,955 | 3.01% |
| Under 20% | 1,838 | $111,680,000 | $60,762 | $380 | 3.53% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| RANDOLPH-BROOKS FEDERAL CREDIT UNION | Conventional home mortgage | Closing on a mortgage | 1 | 33.3% |
| RANDOLPH-BROOKS FEDERAL CREDIT UNION | Conventional home mortgage | Trouble during payment process | 1 | 33.3% |
| RANDOLPH-BROOKS FEDERAL CREDIT UNION | FHA mortgage | Trouble during payment process | 1 | 33.3% |
