Randolph-brooks Mortgage Rates, Fees & Info

Live Oak, TX

LEI: 549300LU6Y2TXG48QY48

Tax ID: 74-1185010

5 stars - out of 5 stars, based on 93 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

8,584

Origination Dollar Volume (All Markets)

$1,575,960,000
Show all (5) awards

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 applications
84.74%

Randolph-brooks has a below average approval rate.

Pick Rate

Approvals leading to origination
42.97%

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%