Lenderfi Mortgage Rates, Fees & Info
Calabasas, CALEI: 549300OWUY97LHFQ0512
Tax ID: 56-2596258
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Mortgage Data
Review & Overview
Lenderfi is a smaller mortgage company specializing in Cash Out Refi and Refi loans. Lenderfi has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Seattle, Houston, Dallas, Atlanta, and Portland among others. We have data for 77 markets. (Some data included below & more in-depth data is available with an active subscription.)Lenderfi has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Lenderfi is typically a low 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
936Origination Dollar Volume (All Markets)
$269,890,000Awards
LENDERFI - 2018
LENDERFI is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 687 | $201,295,000 | $293,006 | $3,843 | 4.67% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 22 | $7,900,000 | $359,091 | $6,167 | 4.63% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 22 | $5,930,000 | $269,545 | $5,024 | 4.73% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 19 | $4,905,000 | $258,158 | $5,497 | 4.44% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 17 | $4,635,000 | $272,647 | $3,847 | 4.74% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 15 | $4,205,000 | $280,333 | $3,834 | 4.81% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 11 | $3,145,000 | $285,909 | $1,938 | 4.58% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 11 | $3,085,000 | $280,455 | $4,021 | 4.51% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 7 | $1,975,000 | $282,143 | $5,129 | 4.25% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 7 | $1,845,000 | $263,571 | $5,269 | 4.16% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $1,735,000 | $247,857 | $3,483 | 4.77% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 6 | $1,730,000 | $288,333 | $3,765 | 4.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $1,250,000 | $312,500 | $2,872 | 5.41% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 4 | $1,180,000 | $295,000 | $5,357 | 5.16% |
| BELLINGHAM, WA (FHA|USDA|VA) | 4 | $1,110,000 | $277,500 | $5,173 | 4.84% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 4 | $1,100,000 | $275,000 | $3,902 | 4.63% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 4 | $1,060,000 | $265,000 | $5,864 | 4.47% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $3,505 | 4.50% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $4,941 | 4.89% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $1,856 | 4.21% |
| SALEM, OR (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $4,521 | 4.54% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $1,238 | 4.71% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $4,662 | 4.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $2,212 | 4.13% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $4,080 | 5.13% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $3,313 | 4.38% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $1,496 | 4.19% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $6,431 | 4.13% |
| BEND, OR (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $1,953 | 5.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $4,491 | 5.25% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,941 | 6.56% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $9,168 | 4.81% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $8,209 | 4.63% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $2,078 | 4.38% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $1,169 | 4.50% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $1,519 | 4.63% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,933 | 4.25% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $11,679 | 5.75% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $1,140 | 4.13% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $2,498 | 4.56% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,186 | 4.56% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $8,061 | 5.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $7,975 | 4.88% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $1,055 | 5.13% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,541 | 4.69% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,130 | 3.88% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,509 | 4.38% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,282 | 4.88% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $1,619 | 3.88% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,638 | 5.75% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $1,538 | 4.13% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,002 | 5.75% |
| POCATELLO, ID (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,235 | 4.38% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $10,594 | 4.38% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,169 | 4.50% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,734 | 5.13% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,779 | 4.38% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,382 | 4.99% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $2,432 | 5.25% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,445 | 4.38% |
| Waycross, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $10,484 | 7.05% |
| WACO, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,965 | 4.13% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,376 | 4.75% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $870 | 4.38% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,534 | 5.13% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,605 | 4.25% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,276 | 3.88% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,610 | 5.88% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,287 | 4.75% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,324 | 3.88% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,352 | 4.38% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $1,195 | 4.75% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,855 | 4.88% |
| NILES, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,547 | 5.50% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,166 | 4.38% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,914 | 4.88% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,397 | 5.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against LENDERFI 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 | 800 | $230,390,000 | $287,988 | $3,313 | 4.69% |
| FHA | 123 | $34,955,000 | $284,187 | $7,543 | 4.57% |
| VA | 13 | $4,545,000 | $349,615 | $10,052 | 4.51% |
For 2018, Lenderfi's most frequently originated type of loan was Conventional, with 800 originations. Their 2nd most popular type was FHA, with 123 originations.
Loan Reason
For 2018, Lenderfi's most frequently cited loan purpose was Cash Out Refi, with 516 originations. The 2nd most popular reason was Refi, with 289 originations.
Loan Duration/Length
For 2018, Lenderfi's most frequently cited loan duration was 30 Year, with 738 originations. The 2nd most popular length was 15 Year, with 124 originations.
Origination Fees/Closing Costs
Lenderfi's average total fees were $4,069, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 586 originations.
Interest Rates
During 2018, Lenderfi's average interest rate for loans was 4.79%, while their most frequently originated rate bucket for loans was 4-5%, with 670 originations.
Loan Sizing
2018 saw Lenderfi place emphasis on $200k-400k loans with 616 originations, totaling $173,460,000 in origination value.
Applicant Income
Lenderfi lent most frequently to those with incomes in the $100k-150k range, with 268 originations. The second most popular income band? $75k-100k, with 216 originations.
Applicant Debt to Income Ratio
Lenderfi lent most frequently to those with DTI ratios of 30-36%, with 144 originations. The next most common DTI ratio? 20-30%, with 116 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.25%
Lenderfi has a below average approval rate.
Pick Rate
Approvals leading to origination-83.76%
Lenderfi 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 |
|---|---|---|---|
| 1052.0 | 1 | $305,000 | $305,000 |
| 124.0 | 1 | $245,000 | $245,000 |
| 323.0 | 1 | $135,000 | $135,000 |
| NA | 933 | $269,205,000 | $288,537 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 936 | $269,890,000 | $288,344 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Lenderfi, Inc. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |