Lenderlive Network Mortgage Rates, Fees & Info
Glendale, COLEI: 549300MMS1XSN06N2970
Tax ID: 62-1796508
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Mortgage Data
Review & Overview
Lenderlive Network is a smaller mortgage company specializing in Cash Out Refi, Home Purchase, and Refi loans. Lenderlive Network has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Denver, Sebastian, Boston, Minneapolis, and Willmar among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Lenderlive Network has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Lenderlive Network is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) 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
32Origination Dollar Volume (All Markets)
$8,460,000Top 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 |
|---|---|---|---|---|---|
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 13 | $3,355,000 | $258,077 | $8,136 | 4.82% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $4,248 | 4.42% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $3,534 | 4.25% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $2,668 | 4.69% |
| Outside of Metro Areas | 3 | $535,000 | $178,333 | $3,158 | 4.75% |
| Willmar, MN (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $3,830 | 4.56% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $5,841 | 4.69% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $12,695 | 4.88% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $10,384 | 4.50% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,196 | 4.88% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,851 | 4.75% |
| Hutchinson, MN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,088 | 5.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against LenderLive Network based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 31 | $8,275,000 | $266,935 | $6,058 | 4.70% |
| FHA | 1 | $185,000 | $185,000 | $8,043 | 5.00% |
For 2019, Lenderlive Network's most frequently originated type of loan was Conventional, with 31 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
For 2019, Lenderlive Network's most frequently cited loan purpose was Cash Out Refi, with 13 originations. The 2nd most popular reason was Home Purchase, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 29 | $7,335,000 | $252,931 | $6,070 | 4.71% |
| 15 Year | 2 | $900,000 | $450,000 | $6,883 | 4.63% |
| 20 Year | 1 | $225,000 | $225,000 | $0 | 5.00% |
For 2019, Lenderlive Network's most frequently cited loan duration was 30 Year, with 29 originations. The 2nd most popular length was 15 Year, with 2 originations.
Origination Fees/Closing Costs
Lenderlive Network's average total fees were $6,070, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 12 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 28 | $7,250,000 | $258,929 |
| 5-6% | 3 | $725,000 | $241,667 |
| 3-4% | 1 | $485,000 | $485,000 |
During 2019, Lenderlive Network's average interest rate for loans was 4.71%, while their most frequently originated rate bucket for loans was 4-5%, with 28 originations.
Loan Sizing
2019 saw Lenderlive Network place emphasis on $200k-400k loans with 17 originations, totaling $4,765,000 in origination value.
Applicant Income
Lenderlive Network lent most frequently to those with incomes in the $75k-100k range, with 11 originations. The second most popular income band? $50k-75k, with 7 originations.
Applicant Debt to Income Ratio
Lenderlive Network lent most frequently to those with DTI ratios of 30-36%, with 8 originations. The next most common DTI ratio? 20-30%, with 5 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.52%
Lenderlive Network 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-18.75%
Lenderlive Network 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 | 32 | $8,460,000 | $264,375 |