Lakeview Loan Servicing, Llc

Coral Gables, FL 33146

LEI: 549300NOCASXPA34X033

Tax ID: 27-4023565

2019 Data | 2018 Data


Overview

Lakeview Loan Servicing, Llc is a small mortgage company specializing in Refi loans. Lakeview Loan Servicing, Llc has an average 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 Phoenix, Denver, Riverside, Chicago, and Atlanta 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. Lakeview Loan Servicing, Llc is typically a low fee lendor.


Originations

18,043

Origination Dollar Volume (All Markets)

$4,677,925,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 3,841 $898,425,000 $233,904
FHA 7,643 $1,901,325,000 $248,767
VA 6,558 $1,878,080,000 $286,380
USDA 1 $95,000 $95,000

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 1,937 $426,785,000 $220,333
Refi 13,005 $3,522,975,000 $270,894
Cash Out Refi 3,101 $728,165,000 $234,816

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 1,320 $278,840,000 $211,242
PHOENIX-MESA-CHANDLER, AZ 797 $203,685,000 $255,565
DENVER-AURORA-LAKEWOOD, CO 558 $193,850,000 $347,401
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 394 $127,860,000 $324,518
CHICAGO-NAPERVILLE-EVANSTON, IL 535 $116,425,000 $217,617
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 459 $115,225,000 $251,035
LOS ANGELES-LONG BEACH-GLENDALE, CA 242 $99,350,000 $410,537
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 262 $97,550,000 $372,328
DALLAS-PLANO-IRVING, TX 367 $97,095,000 $264,564
CHARLOTTE-CONCORD-GASTONIA, NC-SC 351 $84,235,000 $239,986
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 188 $83,690,000 $445,160
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 343 $81,075,000 $236,370
TACOMA-LAKEWOOD, WA 225 $75,525,000 $335,667
LAS VEGAS-HENDERSON-PARADISE, NV 263 $71,285,000 $271,046
JACKSONVILLE, FL 296 $67,940,000 $229,527
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 192 $63,230,000 $329,323
SEATTLE-BELLEVUE-KENT, WA 165 $62,525,000 $378,939
SACRAMENTO-ROSEVILLE-FOLSOM, CA 185 $61,925,000 $334,730
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 228 $60,580,000 $265,702
TAMPA-ST. PETERSBURG-CLEARWATER, FL 239 $57,555,000 $240,816
ORLANDO-KISSIMMEE-SANFORD, FL 215 $55,315,000 $257,279
FORT WORTH-ARLINGTON-GRAPEVINE, TX 224 $55,220,000 $246,518
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 144 $50,270,000 $349,097
BOSTON, MA 142 $47,980,000 $337,887
PROVIDENCE-WARWICK, RI-MA 182 $46,530,000 $255,659
SAN ANTONIO-NEW BRAUNFELS, TX 176 $45,720,000 $259,773
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 168 $44,630,000 $265,655
WARREN-TROY-FARMINGTON HILLS, MI 224 $43,460,000 $194,018
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 168 $41,590,000 $247,560
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 157 $41,305,000 $263,089
INDIANAPOLIS-CARMEL-ANDERSON, IN 193 $41,035,000 $212,617
COLORADO SPRINGS, CO 139 $40,175,000 $289,029
AUSTIN-ROUND ROCK-GEORGETOWN, TX 144 $38,640,000 $268,333
OAKLAND-BERKELEY-LIVERMORE, CA 88 $37,870,000 $430,341
COLUMBUS, OH 177 $37,025,000 $209,181
ANAHEIM-SANTA ANA-IRVINE, CA 74 $33,160,000 $448,108
RALEIGH-CARY, NC 126 $31,540,000 $250,317
BALTIMORE-COLUMBIA-TOWSON, MD 101 $31,115,000 $308,069
PORTLAND-SOUTH PORTLAND, ME 136 $30,660,000 $225,441
WORCESTER, MA-CT 119 $29,145,000 $244,916
CHARLESTON-NORTH CHARLESTON, SC 106 $28,320,000 $267,170
KILLEEN-TEMPLE, TX 113 $25,605,000 $226,593
BOISE CITY, ID 94 $25,220,000 $268,298
NEW BRUNSWICK-LAKEWOOD, NJ 87 $25,215,000 $289,828
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 95 $24,925,000 $262,368
NEWARK, NJ-PA 78 $24,350,000 $312,179
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 86 $24,190,000 $281,279
STOCKTON, CA 75 $23,995,000 $319,933
KANSAS CITY, MO-KS 109 $23,895,000 $219,220
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 113 $23,315,000 $206,327
PALM BAY-MELBOURNE-TITUSVILLE, FL 103 $22,345,000 $216,942
SALT LAKE CITY, UT 78 $21,620,000 $277,179
OLYMPIA-LACEY-TUMWATER, WA 73 $21,515,000 $294,726
MIAMI-MIAMI BEACH-KENDALL, FL 75 $21,365,000 $284,867
CAMDEN, NJ 99 $20,525,000 $207,323
GREELEY, CO 61 $20,095,000 $329,426
BREMERTON-SILVERDALE-PORT ORCHARD, WA 61 $19,485,000 $319,426
NORTH PORT-SARASOTA-BRADENTON, FL 76 $19,400,000 $255,263
BOULDER, CO 45 $19,295,000 $428,778
MANCHESTER-NASHUA, NH 77 $19,215,000 $249,545
CINCINNATI, OH-KY-IN 98 $19,210,000 $196,020
OXNARD-THOUSAND OAKS-VENTURA, CA 42 $18,750,000 $446,429
LAKE COUNTY-KENOSHA COUNTY, IL-WI 78 $18,660,000 $239,231
GREENVILLE-ANDERSON, SC 83 $18,545,000 $223,434
RICHMOND, VA 72 $18,040,000 $250,556
CAPE CORAL-FORT MYERS, FL 77 $17,865,000 $232,013
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 94 $17,420,000 $185,319
VALLEJO, CA 45 $17,285,000 $384,111
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 86 $16,640,000 $193,488
FRESNO, CA 60 $16,460,000 $274,333
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 48 $16,050,000 $334,375
OGDEN-CLEARFIELD, UT 66 $16,040,000 $243,030
LOUISVILLE/JEFFERSON COUNTY, KY-IN 81 $15,955,000 $196,975
ST. LOUIS, MO-IL 79 $15,875,000 $200,949
TUCSON, AZ 67 $15,835,000 $236,343
FORT COLLINS, CO 49 $15,715,000 $320,714
MODESTO, CA 56 $15,690,000 $280,179
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 58 $15,040,000 $259,310
ELGIN, IL 66 $14,850,000 $225,000
COLUMBIA, SC 64 $14,770,000 $230,781
MEMPHIS, TN-MS-AR 75 $14,685,000 $195,800
ALBUQUERQUE, NM 57 $14,105,000 $247,456
MILWAUKEE-WAUKESHA, WI 58 $13,080,000 $225,517
LAKELAND-WINTER HAVEN, FL 62 $12,820,000 $206,774
FAYETTEVILLE, NC 56 $12,730,000 $227,321
SALEM, OR 47 $12,565,000 $267,340
HILTON HEAD ISLAND-BLUFFTON, SC 48 $12,460,000 $259,583
SPOKANE-SPOKANE VALLEY, WA 50 $12,130,000 $242,600
CLEVELAND-ELYRIA, OH 64 $11,930,000 $186,406
PORT ST. LUCIE, FL 46 $11,880,000 $258,261
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 25 $11,825,000 $473,000
DETROIT-DEARBORN-LIVONIA, MI 68 $11,760,000 $172,941
BIRMINGHAM-HOOVER, AL 46 $11,110,000 $241,522
KNOXVILLE, TN 45 $11,005,000 $244,556
WILMINGTON, DE-MD-NJ 42 $10,700,000 $254,762
NEW ORLEANS-METAIRIE, LA 49 $10,615,000 $216,633
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 28 $10,460,000 $373,571
WINSTON-SALEM, NC 55 $10,335,000 $187,909
SAVANNAH, GA 38 $10,060,000 $264,737
PROVO-OREM, UT 33 $9,975,000 $302,273
SHREVEPORT-BOSSIER CITY, LA 40 $9,890,000 $247,250
BEND, OR 29 $9,885,000 $340,862
PENSACOLA-FERRY PASS-BRENT, FL 43 $9,885,000 $229,884
CLARKSVILLE, TN-KY 44 $9,800,000 $222,727
BAKERSFIELD, CA 39 $9,715,000 $249,103
OKLAHOMA CITY, OK 47 $9,305,000 $197,979
EUGENE-SPRINGFIELD, OR 39 $9,265,000 $237,564
RENO, NV 33 $9,085,000 $275,303
CHATTANOOGA, TN-GA 45 $9,035,000 $200,778
SANTA ROSA-PETALUMA, CA 21 $8,855,000 $421,667
GRAND RAPIDS-KENTWOOD, MI 43 $8,675,000 $201,744
PRESCOTT VALLEY-PRESCOTT, AZ 34 $8,500,000 $250,000
AUGUSTA-RICHMOND COUNTY, GA-SC 35 $7,765,000 $221,857
VISALIA, CA 31 $7,595,000 $245,000
BATON ROUGE, LA 36 $7,580,000 $210,556
LAKE HAVASU CITY-KINGMAN, AZ 30 $7,560,000 $252,000
HUNTSVILLE, AL 30 $7,480,000 $249,333
ASHEVILLE, NC 29 $7,415,000 $255,690
TOLEDO, OH 56 $7,310,000 $130,536
DAYTON-KETTERING, OH 32 $7,260,000 $226,875
AKRON, OH 34 $7,240,000 $212,941
GARY, IN 38 $7,190,000 $189,211
SPARTANBURG, SC 38 $7,140,000 $187,895
SPRINGFIELD, MA 34 $7,020,000 $206,471
FLAGSTAFF, AZ 22 $6,990,000 $317,727
NEW HAVEN-MILFORD, CT 30 $6,970,000 $232,333
MEDFORD, OR 25 $6,855,000 $274,200
GRAND JUNCTION, CO 26 $6,840,000 $263,077
PITTSBURGH, PA 39 $6,765,000 $173,462
LEXINGTON-FAYETTE, KY 29 $6,725,000 $231,897
GREENSBORO-HIGH POINT, NC 35 $6,665,000 $190,429
BRIDGEPORT-STAMFORD-NORWALK, CT 20 $6,600,000 $330,000
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 39 $6,355,000 $162,949
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 27 $6,355,000 $235,370
NAPLES-MARCO ISLAND, FL 23 $6,285,000 $273,261
SANTA MARIA-SANTA BARBARA, CA 18 $6,210,000 $345,000
Outside of Metro Areas 25 $6,035,000 $241,400
FLINT, MI 36 $5,910,000 $164,167
BARNSTABLE TOWN, MA 21 $5,865,000 $279,286
PHILADELPHIA, PA 32 $5,740,000 $179,375
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 24 $5,730,000 $238,750
KENNEWICK-RICHLAND, WA 22 $5,700,000 $259,091
REDDING, CA 19 $5,615,000 $295,526
MONTGOMERY, AL 25 $5,575,000 $223,000
DURHAM-CHAPEL HILL, NC 24 $5,530,000 $230,417
OCALA, FL 29 $5,465,000 $188,448
JACKSONVILLE, NC 27 $5,425,000 $200,926
SALISBURY, MD-DE 20 $5,320,000 $266,000
WACO, TX 22 $5,250,000 $238,636
YUBA CITY, CA 20 $5,210,000 $260,500
OMAHA-COUNCIL BLUFFS, NE-IA 22 $5,080,000 $230,909
GULFPORT-BILOXI, MS 25 $4,855,000 $194,200
ANCHORAGE, AK 18 $4,790,000 $266,111
PANAMA CITY, FL 19 $4,705,000 $247,632
OCEAN CITY, NJ 24 $4,520,000 $188,333
JACKSON, MS 20 $4,400,000 $220,000
ALBANY-LEBANON, OR 16 $4,380,000 $273,750
EL PASO, TX 24 $4,370,000 $182,083
DES MOINES-WEST DES MOINES, IA 19 $4,285,000 $225,526
COEUR D'ALENE, ID 15 $4,275,000 $285,000
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 19 $4,265,000 $224,474
MOUNT VERNON-ANACORTES, WA 15 $4,235,000 $282,333
FLORENCE, SC 21 $4,225,000 $201,190
DOVER, DE 18 $4,140,000 $230,000
AUBURN-OPELIKA, AL 17 $4,015,000 $236,176
GAINESVILLE, GA 16 $3,900,000 $243,750
SALINAS, CA 7 $3,835,000 $547,857
PUEBLO, CO 17 $3,805,000 $223,824
ROANOKE, VA 20 $3,750,000 $187,500
BELLINGHAM, WA 10 $3,660,000 $366,000
SANTA CRUZ-WATSONVILLE, CA 8 $3,610,000 $451,250
HARRISBURG-CARLISLE, PA 17 $3,555,000 $209,118
KINGSPORT-BRISTOL, TN-VA 17 $3,545,000 $208,529
CORPUS CHRISTI, TX 15 $3,545,000 $236,333
ST. GEORGE, UT 14 $3,530,000 $252,143
HICKORY-LENOIR-MORGANTON, NC 18 $3,510,000 $195,000
CHARLOTTESVILLE, VA 14 $3,470,000 $247,857
LANCASTER, PA 16 $3,460,000 $216,250
LONGVIEW, WA 15 $3,415,000 $227,667
YAKIMA, WA 15 $3,415,000 $227,667
YORK-HANOVER, PA 18 $3,400,000 $188,889
MIDLAND, TX 15 $3,375,000 $225,000
CANTON-MASSILLON, OH 20 $3,250,000 $162,500
WILMINGTON, NC 13 $3,195,000 $245,769
WINCHESTER, VA-WV 11 $3,165,000 $287,727
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 6 $3,120,000 $520,000
MERCED, CA 14 $3,120,000 $222,857
JOHNSON CITY, TN 16 $3,050,000 $190,625
TULSA, OK 18 $3,050,000 $169,444
WICHITA, KS 21 $3,035,000 $144,524
COLUMBUS, GA-AL 15 $3,025,000 $201,667
MADISON, WI 12 $3,020,000 $251,667
CHICO, CA 12 $2,970,000 $247,500
GAINESVILLE, FL 14 $2,920,000 $208,571
GOLDSBORO, NC 15 $2,835,000 $189,000
BILLINGS, MT 12 $2,790,000 $232,500
SAN LUIS OBISPO-PASO ROBLES, CA 6 $2,790,000 $465,000
SCRANTON--WILKES-BARRE, PA 12 $2,740,000 $228,333
MADERA, CA 8 $2,730,000 $341,250
ODESSA, TX 12 $2,720,000 $226,667
NORWICH-NEW LONDON, CT 13 $2,715,000 $208,846
SEBASTIAN-VERO BEACH, FL 13 $2,685,000 $206,538
ST. CLOUD, MN 11 $2,645,000 $240,455
PUNTA GORDA, FL 11 $2,615,000 $237,727
BURLINGTON, NC 12 $2,530,000 $210,833
RACINE, WI 12 $2,510,000 $209,167
TRENTON-PRINCETON, NJ 10 $2,480,000 $248,000
GRANTS PASS, OR 7 $2,455,000 $350,714
HAGERSTOWN-MARTINSBURG, MD-WV 13 $2,445,000 $188,077
ATHENS-CLARKE COUNTY, GA 11 $2,415,000 $219,545
DAPHNE-FAIRHOPE-FOLEY, AL 13 $2,415,000 $185,769
STAUNTON, VA 12 $2,410,000 $200,833
LONGVIEW, TX 10 $2,410,000 $241,000
RAPID CITY, SD 9 $2,405,000 $267,222
WARNER ROBINS, GA 12 $2,320,000 $193,333
COLUMBIA, MO 11 $2,315,000 $210,455
CLEVELAND, TN 11 $2,305,000 $209,545
WENATCHEE, WA 8 $2,300,000 $287,500
SPRINGFIELD, MO 13 $2,285,000 $175,769
LAKE CHARLES, LA 10 $2,280,000 $228,000
LYNCHBURG, VA 11 $2,255,000 $205,000
TALLAHASSEE, FL 10 $2,200,000 $220,000
TOPEKA, KS 10 $2,140,000 $214,000
BLACKSBURG-CHRISTIANSBURG, VA 9 $2,065,000 $229,444
ELIZABETHTOWN-FORT KNOX, KY 12 $2,060,000 $171,667
ANN ARBOR, MI 8 $2,050,000 $256,250
LANSING-EAST LANSING, MI 11 $2,015,000 $183,182
LAS CRUCES, NM 8 $1,990,000 $248,750
MOBILE, AL 10 $1,990,000 $199,000
COLLEGE STATION-BRYAN, TX 11 $1,975,000 $179,545
YUMA, AZ 9 $1,945,000 $216,111
AMARILLO, TX 12 $1,910,000 $159,167
READING, PA 9 $1,895,000 $210,556
BURLINGTON-SOUTH BURLINGTON, VT 7 $1,875,000 $267,857
MONROE, LA 10 $1,870,000 $187,000
MORRISTOWN, TN 9 $1,865,000 $207,222
DOTHAN, AL 10 $1,840,000 $184,000
STATE COLLEGE, PA 7 $1,825,000 $260,714
WAUSAU-WESTON, WI 8 $1,820,000 $227,500
TYLER, TX 8 $1,780,000 $222,500
EAST STROUDSBURG, PA 6 $1,770,000 $295,000
SUMTER, SC 9 $1,765,000 $196,111
NEW BERN, NC 9 $1,705,000 $189,444
JACKSON, MI 7 $1,695,000 $242,143
BEAUMONT-PORT ARTHUR, TX 7 $1,695,000 $242,143
ATLANTIC CITY-HAMMONTON, NJ 8 $1,680,000 $210,000
SIERRA VISTA-DOUGLAS, AZ 8 $1,650,000 $206,250
SOUTH BEND-MISHAWAKA, IN-MI 8 $1,580,000 $197,500
SANTA FE, NM 5 $1,565,000 $313,000
ROCHESTER, MN 7 $1,535,000 $219,286
LAWRENCE, KS 7 $1,525,000 $217,857
IDAHO FALLS, ID 7 $1,525,000 $217,857
LINCOLN, NE 7 $1,515,000 $216,429
DECATUR, AL 7 $1,505,000 $215,000
MONROE, MI 7 $1,495,000 $213,571
HANFORD-CORCORAN, CA 7 $1,475,000 $210,714
BRUNSWICK, GA 4 $1,430,000 $357,500
LOGAN, UT-ID 8 $1,420,000 $177,500
HINESVILLE, GA 6 $1,390,000 $231,667
HOMOSASSA SPRINGS, FL 8 $1,380,000 $172,500
CHAMBERSBURG-WAYNESBORO, PA 6 $1,370,000 $228,333
FORT WAYNE, IN 7 $1,295,000 $185,000
GETTYSBURG, PA 6 $1,270,000 $211,667
HAMMOND, LA 7 $1,255,000 $179,286
MORGANTOWN, WV 4 $1,240,000 $310,000
DULUTH, MN-WI 5 $1,225,000 $245,000
GREENVILLE, NC 6 $1,220,000 $203,333
APPLETON, WI 5 $1,205,000 $241,000
GREEN BAY, WI 6 $1,190,000 $198,333
BANGOR, ME 6 $1,170,000 $195,000
ALEXANDRIA, LA 6 $1,160,000 $193,333
LEWISTON, ID-WA 6 $1,150,000 $191,667
ELKHART-GOSHEN, IN 6 $1,140,000 $190,000
HUNTINGTON-ASHLAND, WV-KY-OH 6 $1,130,000 $188,333
PEORIA, IL 14 $1,120,000 $80,000
ANNISTON-OXFORD, AL 7 $1,115,000 $159,286
CALIFORNIA-LEXINGTON PARK, MD 4 $1,080,000 $270,000
MUSKEGON, MI 4 $1,080,000 $270,000
TWIN FALLS, ID 4 $1,060,000 $265,000
LA CROSSE-ONALASKA, WI-MN 5 $1,055,000 $211,000
VALDOSTA, GA 6 $1,040,000 $173,333
GREAT FALLS, MT 5 $1,035,000 $207,000
BOWLING GREEN, KY 5 $1,015,000 $203,000
BROWNSVILLE-HARLINGEN, TX 5 $1,005,000 $201,000
KALAMAZOO-PORTAGE, MI 4 $1,000,000 $250,000
MANHATTAN, KS 5 $985,000 $197,000
BATTLE CREEK, MI 6 $960,000 $160,000
LUBBOCK, TX 5 $955,000 $191,000
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 5 $955,000 $191,000
WALLA WALLA, WA 3 $935,000 $311,667
THE VILLAGES, FL 4 $900,000 $225,000
ALBANY, GA 5 $875,000 $175,000
CORVALLIS, OR 3 $875,000 $291,667
MCALLEN-EDINBURG-MISSION, TX 5 $855,000 $171,000
PITTSFIELD, MA 5 $855,000 $171,000
CHARLESTON, WV 6 $850,000 $141,667
EAU CLAIRE, WI 3 $835,000 $278,333
VINELAND-BRIDGETON, NJ 5 $825,000 $165,000
CARSON CITY, NV 3 $815,000 $271,667
FARGO, ND-MN 3 $805,000 $268,333
COLUMBUS, IN 4 $800,000 $200,000
ST. JOSEPH, MO-KS 4 $800,000 $200,000
EL CENTRO, CA 3 $755,000 $251,667
ROCKFORD, IL 5 $755,000 $151,000
AMES, IA 3 $735,000 $245,000
LAREDO, TX 3 $735,000 $245,000
JANESVILLE-BELOIT, WI 4 $730,000 $182,500
LEWISTON-AUBURN, ME 5 $725,000 $145,000
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 5 $725,000 $145,000
MACON-BIBB COUNTY, GA 4 $720,000 $180,000
CEDAR RAPIDS, IA 4 $700,000 $175,000
CHAMPAIGN-URBANA, IL 4 $690,000 $172,500
VICTORIA, TX 3 $675,000 $225,000
ABILENE, TX 3 $665,000 $221,667
SIOUX FALLS, SD 3 $665,000 $221,667
MANSFIELD, OH 4 $660,000 $165,000
LAFAYETTE, LA 3 $615,000 $205,000
HOUMA-THIBODAUX, LA 3 $605,000 $201,667
FORT SMITH, AR-OK 4 $600,000 $150,000
BAY CITY, MI 3 $575,000 $191,667
LEBANON, PA 2 $570,000 $285,000
JEFFERSON CITY, MO 3 $555,000 $185,000
ROCKY MOUNT, NC 3 $555,000 $185,000
FLORENCE-MUSCLE SHOALS, AL 2 $530,000 $265,000
EVANSVILLE, IN-KY 3 $525,000 $175,000
SIOUX CITY, IA-NE-SD 4 $520,000 $130,000
CHEYENNE, WY 2 $490,000 $245,000
LAWTON, OK 2 $490,000 $245,000
OSHKOSH-NEENAH, WI 3 $485,000 $161,667
WHEELING, WV-OH 3 $485,000 $161,667
HATTIESBURG, MS 3 $485,000 $161,667
BECKLEY, WV 3 $475,000 $158,333
TUSCALOOSA, AL 3 $475,000 $158,333
HARRISONBURG, VA 2 $460,000 $230,000
SEBRING-AVON PARK, FL 3 $455,000 $151,667
JONESBORO, AR 2 $350,000 $175,000
MISSOULA, MT 1 $345,000 $345,000
GRAND FORKS, ND-MN 2 $340,000 $170,000
SAN ANGELO, TX 1 $325,000 $325,000
MANKATO, MN 1 $325,000 $325,000
ERIE, PA 2 $320,000 $160,000
ALTOONA, PA 3 $305,000 $101,667
WILLIAMSPORT, PA 2 $300,000 $150,000
LAFAYETTE-WEST LAFAYETTE, IN 2 $300,000 $150,000
FARMINGTON, NM 1 $285,000 $285,000
PARKERSBURG-VIENNA, WV 1 $285,000 $285,000
JOPLIN, MO 2 $280,000 $140,000
SHERMAN-DENISON, TX 1 $275,000 $275,000
POCATELLO, ID 1 $275,000 $275,000
GADSDEN, AL 2 $270,000 $135,000
FOND DU LAC, WI 1 $265,000 $265,000
NILES, MI 1 $265,000 $265,000
DALTON, GA 1 $245,000 $245,000
ROME, GA 1 $225,000 $225,000
WICHITA FALLS, TX 1 $215,000 $215,000
WATERLOO-CEDAR FALLS, IA 1 $215,000 $215,000
DUBUQUE, IA 1 $215,000 $215,000
BLOOMINGTON, IN 1 $205,000 $205,000
MIDLAND, MI 2 $200,000 $100,000
CARBONDALE-MARION, IL 1 $195,000 $195,000
MUNCIE, IN 1 $185,000 $185,000
IOWA CITY, IA 1 $185,000 $185,000
TEXARKANA, TX-AR 1 $185,000 $185,000
OWENSBORO, KY 1 $175,000 $175,000
KANKAKEE, IL 1 $165,000 $165,000
BLOOMSBURG-BERWICK, PA 1 $165,000 $165,000
SHEBOYGAN, WI 1 $145,000 $145,000
SAGINAW, MI 2 $140,000 $70,000
BLOOMINGTON, IL 2 $140,000 $70,000
CUMBERLAND, MD-WV 1 $135,000 $135,000
HOT SPRINGS, AR 1 $125,000 $125,000
CAPE GIRARDEAU, MO-IL 1 $115,000 $115,000
JACKSON, TN 1 $95,000 $95,000
WEIRTON-STEUBENVILLE, WV-OH 1 $85,000 $85,000
GRAND ISLAND, NE 1 $85,000 $85,000
SPRINGFIELD, IL 1 $55,000 $55,000

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
2.5-3% 101 $31,965,000 $316,485
3-4% 7,798 $2,205,090,000 $282,776
4-5% 9,375 $2,284,275,000 $243,656
5-6% 754 $153,860,000 $204,058
6-7% 12 $1,890,000 $157,500

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 577 $45,335,000 $78,570
$100k-200k 5,063 $809,315,000 $159,849
$200k-400k 10,556 $2,937,230,000 $278,252
$400k-600k 1,675 $766,255,000 $457,466
$600k-1000k 164 $110,690,000 $674,939
$Over $1MM 8 $9,100,000 $1,137,500

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% 155 $26,925,000 $173,710
40-60% 651 $141,695,000 $217,657
60-80% 2,819 $658,715,000 $233,670
80-100% 13,860 $3,689,620,000 $266,206
Over 100% 543 $159,135,000 $293,066
Under 20% 14 $1,620,000 $115,714

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 1,456 $414,490,000 $284,677
$150k-250k 666 $218,260,000 $327,718
$50k-75k 1,703 $341,885,000 $200,755
$50k-or less 1,019 $143,825,000 $141,143
$75k-100k 1,359 $327,335,000 $240,865
$Over $250k 132 $39,540,000 $299,545

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 11,965 $3,032,995,000 $253,489
Not provided 4,778 $1,323,750,000 $277,051
Black 812 $192,530,000 $237,106
Asian 393 $102,005,000 $259,555
American Indian 51 $13,485,000 $264,412
Native Hawaiian 43 $12,755,000 $296,628
Vietnamese 1 $405,000 $405,000

Approval Rates

Total approvals of all applications
83.93%

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
70.45%

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 18,043 $4,677,925,000 $259,265

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 15,850 $4,177,180,000 $263,544
$1k-2k 793 $178,345,000 $224,899
$2k-3k 357 $81,335,000 $227,829
$3k-4k 335 $91,585,000 $273,388
$5k+ 199 $71,055,000 $357,060

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):Site-Built 18,043 $4,677,925,000 $259,265