Mortgage Solutions Of Colorado Llc

Colorado Springs, CO 80918

LEI: 549300PBTV7FCWLSMM53

Tax ID: 84-1564935

2019 Data | 2018 Data


Overview

Mortgage Solutions Of Colorado Llc is a small mortgage company specializing in Home Purchase and Refi loans. Mortgage Solutions Of Colorado Llc has an average proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Colorado Springs, Riverside, Pueblo, Fort Collins, and Tacoma among others. They have an above 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. Mortgage Solutions Of Colorado Llc is typically a normal fee medium-low fee high fee lendor.


Originations

6,873

Origination Dollar Volume (All Markets)

$1,543,405,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 1,731 $344,935,000 $199,269
FHA 1,923 $396,175,000 $206,019
VA 2,999 $768,695,000 $256,317
USDA 220 $33,600,000 $152,727

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 4,016 $903,350,000 $224,938
Other 257 $1,645,000 $6,401
Refi 1,416 $357,270,000 $252,309
Cash Out Refi 1,184 $281,140,000 $237,449

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
COLORADO SPRINGS, CO 1,035 $279,465,000 $270,014
Outside of Metro Areas 903 $166,835,000 $184,756
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 397 $95,185,000 $239,761
PUEBLO, CO 395 $64,495,000 $163,278
FORT COLLINS, CO 164 $56,560,000 $344,878
TACOMA-LAKEWOOD, WA 134 $43,340,000 $323,433
LAS VEGAS-HENDERSON-PARADISE, NV 185 $41,155,000 $222,459
SEATTLE-BELLEVUE-KENT, WA 102 $36,470,000 $357,549
COLUMBIA, SC 150 $29,140,000 $194,267
FARMINGTON, NM 179 $27,885,000 $155,782
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 119 $25,885,000 $217,521
DENVER-AURORA-LAKEWOOD, CO 82 $25,600,000 $312,195
GRAND JUNCTION, CO 126 $24,180,000 $191,905
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 89 $20,755,000 $233,202
PHOENIX-MESA-CHANDLER, AZ 73 $17,645,000 $241,712
DALLAS-PLANO-IRVING, TX 69 $16,795,000 $243,406
LOS ANGELES-LONG BEACH-GLENDALE, CA 45 $16,585,000 $368,556
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 51 $16,045,000 $314,608
FORT WORTH-ARLINGTON-GRAPEVINE, TX 56 $15,400,000 $275,000
RALEIGH-CARY, NC 63 $13,935,000 $221,190
FAYETTEVILLE, NC 78 $13,840,000 $177,436
GULFPORT-BILOXI, MS 96 $13,300,000 $138,542
CAPE CORAL-FORT MYERS, FL 67 $13,055,000 $194,851
OKLAHOMA CITY, OK 75 $12,805,000 $170,733
BREMERTON-SILVERDALE-PORT ORCHARD, WA 46 $12,170,000 $264,565
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 29 $11,945,000 $411,897
KANSAS CITY, MO-KS 60 $11,930,000 $198,833
NEW ORLEANS-METAIRIE, LA 62 $11,790,000 $190,161
WINSTON-SALEM, NC 88 $11,500,000 $130,682
TULSA, OK 71 $11,465,000 $161,479
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 48 $11,080,000 $230,833
TAMPA-ST. PETERSBURG-CLEARWATER, FL 44 $9,620,000 $218,636
ORLANDO-KISSIMMEE-SANFORD, FL 42 $9,410,000 $224,048
Outside of Metro Areas 35 $8,845,000 $252,714
NAPLES-MARCO ISLAND, FL 31 $8,265,000 $266,613
ALBUQUERQUE, NM 60 $8,120,000 $135,333
LAKELAND-WINTER HAVEN, FL 39 $7,915,000 $202,949
WHEELING, WV-OH 59 $7,905,000 $133,983
SAN ANTONIO-NEW BRAUNFELS, TX 33 $7,635,000 $231,364
OLYMPIA-LACEY-TUMWATER, WA 27 $7,475,000 $276,852
ODESSA, TX 35 $7,415,000 $211,857
AUSTIN-ROUND ROCK-GEORGETOWN, TX 31 $6,845,000 $220,806
CHARLOTTE-CONCORD-GASTONIA, NC-SC 29 $6,655,000 $229,483
GREELEY, CO 23 $6,585,000 $286,304
OAKLAND-BERKELEY-LIVERMORE, CA 13 $6,215,000 $478,077
KILLEEN-TEMPLE, TX 30 $6,180,000 $206,000
SALEM, OR 23 $6,145,000 $267,174
GREENSBORO-HIGH POINT, NC 42 $5,960,000 $141,905
SACRAMENTO-ROSEVILLE-FOLSOM, CA 17 $5,855,000 $344,412
WEIRTON-STEUBENVILLE, WV-OH 54 $5,550,000 $102,778
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 22 $5,450,000 $247,727
BROWNSVILLE-HARLINGEN, TX 35 $5,415,000 $154,714
JACKSONVILLE, FL 24 $5,360,000 $223,333
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 16 $5,350,000 $334,375
MIDLAND, TX 21 $5,215,000 $248,333
BILLINGS, MT 20 $4,540,000 $227,000
OXNARD-THOUSAND OAKS-VENTURA, CA 8 $4,200,000 $525,000
SUMTER, SC 24 $4,100,000 $170,833
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 14 $3,990,000 $285,000
CHARLESTON-NORTH CHARLESTON, SC 16 $3,540,000 $221,250
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 17 $3,355,000 $197,353
BALTIMORE-COLUMBIA-TOWSON, MD 11 $3,335,000 $303,182
TWIN FALLS, ID 17 $3,305,000 $194,412
HUNTSVILLE, AL 13 $3,245,000 $249,615
SPOKANE-SPOKANE VALLEY, WA 11 $3,215,000 $292,273
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 4 $3,020,000 $755,000
CLARKSVILLE, TN-KY 15 $2,875,000 $191,667
MEMPHIS, TN-MS-AR 13 $2,805,000 $215,769
DURHAM-CHAPEL HILL, NC 11 $2,775,000 $252,273
GREENVILLE-ANDERSON, SC 14 $2,660,000 $190,000
ST. LOUIS, MO-IL 16 $2,640,000 $165,000
AUGUSTA-RICHMOND COUNTY, GA-SC 16 $2,630,000 $164,375
CASPER, WY 10 $2,620,000 $262,000
BOULDER, CO 8 $2,600,000 $325,000
STOCKTON, CA 8 $2,510,000 $313,750
BOISE CITY, ID 9 $2,475,000 $275,000
BAKERSFIELD, CA 11 $2,435,000 $221,364
SAN ANGELO, TX 13 $2,385,000 $183,462
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 8 $2,310,000 $288,750
NORTH PORT-SARASOTA-BRADENTON, FL 9 $2,295,000 $255,000
PALM BAY-MELBOURNE-TITUSVILLE, FL 10 $2,110,000 $211,000
MODESTO, CA 7 $2,095,000 $299,286
ANAHEIM-SANTA ANA-IRVINE, CA 4 $2,090,000 $522,500
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 9 $2,045,000 $227,222
KENNEWICK-RICHLAND, WA 6 $2,020,000 $336,667
VALLEJO, CA 4 $2,000,000 $500,000
HATTIESBURG, MS 15 $1,985,000 $132,333
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 9 $1,955,000 $217,222
SAVANNAH, GA 7 $1,955,000 $279,286
TUCSON, AZ 9 $1,885,000 $209,444
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 9 $1,885,000 $209,444
ATHENS-CLARKE COUNTY, GA 10 $1,860,000 $186,000
SANTA MARIA-SANTA BARBARA, CA 6 $1,860,000 $310,000
INDIANAPOLIS-CARMEL-ANDERSON, IN 11 $1,855,000 $168,636
COLUMBUS, OH 6 $1,820,000 $303,333
LOUISVILLE/JEFFERSON COUNTY, KY-IN 10 $1,780,000 $178,000
PORT ST. LUCIE, FL 9 $1,775,000 $197,222
MIAMI-MIAMI BEACH-KENDALL, FL 9 $1,735,000 $192,778
MOBILE, AL 11 $1,655,000 $150,455
ALBANY-LEBANON, OR 6 $1,640,000 $273,333
GAINESVILLE, GA 7 $1,635,000 $233,571
ROCKY MOUNT, NC 9 $1,615,000 $179,444
GARY, IN 7 $1,595,000 $227,857
PITTSBURGH, PA 8 $1,590,000 $198,750
HILTON HEAD ISLAND-BLUFFTON, SC 4 $1,590,000 $397,500
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 3 $1,585,000 $528,333
KNOXVILLE, TN 9 $1,455,000 $161,667
BURLINGTON, NC 7 $1,425,000 $203,571
PRESCOTT VALLEY-PRESCOTT, AZ 5 $1,415,000 $283,000
BEAUMONT-PORT ARTHUR, TX 7 $1,395,000 $199,286
EUGENE-SPRINGFIELD, OR 6 $1,390,000 $231,667
OCALA, FL 9 $1,375,000 $152,778
PUNTA GORDA, FL 8 $1,370,000 $171,250
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 6 $1,350,000 $225,000
PHILADELPHIA, PA 7 $1,345,000 $192,143
HARRISBURG-CARLISLE, PA 5 $1,315,000 $263,000
NEWARK, NJ-PA 3 $1,305,000 $435,000
MERCED, CA 3 $1,285,000 $428,333
MCALLEN-EDINBURG-MISSION, TX 7 $1,275,000 $182,143
JACKSONVILLE, NC 8 $1,270,000 $158,750
JACKSON, MS 6 $1,270,000 $211,667
CLEVELAND-ELYRIA, OH 8 $1,230,000 $153,750
VISALIA, CA 6 $1,220,000 $203,333
FRESNO, CA 6 $1,180,000 $196,667
CHEYENNE, WY 4 $1,130,000 $282,500
CHATTANOOGA, TN-GA 4 $1,110,000 $277,500
FLORENCE, SC 7 $1,105,000 $157,857
CHICO, CA 4 $1,080,000 $270,000
MOUNT VERNON-ANACORTES, WA 3 $1,075,000 $358,333
FORT WAYNE, IN 5 $1,075,000 $215,000
WARREN-TROY-FARMINGTON HILLS, MI 6 $1,050,000 $175,000
BIRMINGHAM-HOOVER, AL 5 $1,025,000 $205,000
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 5 $1,015,000 $203,000
CHICAGO-NAPERVILLE-EVANSTON, IL 4 $1,010,000 $252,500
BATON ROUGE, LA 3 $995,000 $331,667
SPRINGFIELD, MO 6 $990,000 $165,000
DETROIT-DEARBORN-LIVONIA, MI 5 $945,000 $189,000
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 4 $910,000 $227,500
SPARTANBURG, SC 5 $905,000 $181,000
JOPLIN, MO 4 $890,000 $222,500
HICKORY-LENOIR-MORGANTON, NC 5 $875,000 $175,000
PENSACOLA-FERRY PASS-BRENT, FL 4 $870,000 $217,500
WARNER ROBINS, GA 4 $860,000 $215,000
COLUMBUS, GA-AL 4 $830,000 $207,500
SHREVEPORT-BOSSIER CITY, LA 3 $745,000 $248,333
HANFORD-CORCORAN, CA 3 $745,000 $248,333
ASHEVILLE, NC 3 $725,000 $241,667
DAYTON-KETTERING, OH 2 $710,000 $355,000
MACON-BIBB COUNTY, GA 3 $705,000 $235,000
DECATUR, AL 4 $690,000 $172,500
LAKE HAVASU CITY-KINGMAN, AZ 5 $685,000 $137,000
SIERRA VISTA-DOUGLAS, AZ 3 $685,000 $228,333
BOWLING GREEN, KY 6 $670,000 $111,667
RENO, NV 2 $660,000 $330,000
GRANTS PASS, OR 3 $645,000 $215,000
HAGERSTOWN-MARTINSBURG, MD-WV 3 $645,000 $215,000
WENATCHEE, WA 2 $640,000 $320,000
WILMINGTON, DE-MD-NJ 4 $640,000 $160,000
WICHITA, KS 4 $620,000 $155,000
CAMDEN, NJ 2 $620,000 $310,000
BELLINGHAM, WA 2 $620,000 $310,000
EL PASO, TX 3 $605,000 $201,667
ABILENE, TX 3 $595,000 $198,333
TALLAHASSEE, FL 3 $575,000 $191,667
CANTON-MASSILLON, OH 3 $575,000 $191,667
HOMOSASSA SPRINGS, FL 3 $575,000 $191,667
PROVIDENCE-WARWICK, RI-MA 2 $570,000 $285,000
SHERMAN-DENISON, TX 3 $565,000 $188,333
AMARILLO, TX 3 $565,000 $188,333
JACKSON, TN 3 $555,000 $185,000
NEW BRUNSWICK-LAKEWOOD, NJ 3 $515,000 $171,667
ELIZABETHTOWN-FORT KNOX, KY 3 $515,000 $171,667
YORK-HANOVER, PA 2 $510,000 $255,000
COEUR D'ALENE, ID 2 $490,000 $245,000
LAWTON, OK 4 $480,000 $120,000
CINCINNATI, OH-KY-IN 3 $475,000 $158,333
WILMINGTON, NC 3 $475,000 $158,333
ROME, GA 3 $475,000 $158,333
LANSING-EAST LANSING, MI 2 $470,000 $235,000
ERIE, PA 3 $455,000 $151,667
YAKIMA, WA 2 $440,000 $220,000
JONESBORO, AR 2 $430,000 $215,000
LONGVIEW, WA 2 $430,000 $215,000
MEDFORD, OR 2 $420,000 $210,000
BANGOR, ME 3 $415,000 $138,333
CEDAR RAPIDS, IA 3 $415,000 $138,333
CORPUS CHRISTI, TX 2 $410,000 $205,000
BATTLE CREEK, MI 2 $410,000 $205,000
READING, PA 2 $410,000 $205,000
JACKSON, MI 2 $410,000 $205,000
MILWAUKEE-WAUKESHA, WI 1 $405,000 $405,000
YUMA, AZ 2 $400,000 $200,000
COLLEGE STATION-BRYAN, TX 2 $380,000 $190,000
EAST STROUDSBURG, PA 2 $380,000 $190,000
JOHNSON CITY, TN 2 $380,000 $190,000
LAKE COUNTY-KENOSHA COUNTY, IL-WI 2 $380,000 $190,000
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 1 $375,000 $375,000
DAPHNE-FAIRHOPE-FOLEY, AL 1 $375,000 $375,000
NORWICH-NEW LONDON, CT 2 $370,000 $185,000
TUSCALOOSA, AL 2 $360,000 $180,000
LEWISTON, ID-WA 1 $355,000 $355,000
JOHNSTOWN, PA 2 $350,000 $175,000
LANCASTER, PA 2 $350,000 $175,000
TYLER, TX 2 $350,000 $175,000
SANTA FE, NM 3 $345,000 $115,000
HAMMOND, LA 2 $340,000 $170,000
OGDEN-CLEARFIELD, UT 1 $335,000 $335,000
CORVALLIS, OR 1 $325,000 $325,000
WILLIAMSPORT, PA 2 $320,000 $160,000
BLOOMSBURG-BERWICK, PA 2 $320,000 $160,000
MORGANTOWN, WV 1 $305,000 $305,000
SALT LAKE CITY, UT 1 $305,000 $305,000
OMAHA-COUNCIL BLUFFS, NE-IA 1 $285,000 $285,000
DOTHAN, AL 2 $280,000 $140,000
THE VILLAGES, FL 2 $280,000 $140,000
FLAGSTAFF, AZ 1 $275,000 $275,000
TOLEDO, OH 1 $275,000 $275,000
MISSOULA, MT 1 $275,000 $275,000
WACO, TX 1 $255,000 $255,000
GRAND RAPIDS-KENTWOOD, MI 2 $250,000 $125,000
TOPEKA, KS 2 $240,000 $120,000
DES MOINES-WEST DES MOINES, IA 1 $235,000 $235,000
GOLDSBORO, NC 1 $235,000 $235,000
LAS CRUCES, NM 1 $235,000 $235,000
LINCOLN, NE 1 $235,000 $235,000
MADERA, CA 1 $235,000 $235,000
PORTLAND-SOUTH PORTLAND, ME 1 $235,000 $235,000
BEND, OR 2 $230,000 $115,000
LEXINGTON-FAYETTE, KY 1 $225,000 $225,000
ST. JOSEPH, MO-KS 1 $205,000 $205,000
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 1 $195,000 $195,000
MONTGOMERY, AL 1 $195,000 $195,000
LEBANON, PA 1 $195,000 $195,000
IDAHO FALLS, ID 1 $195,000 $195,000
BLOOMINGTON, IN 1 $195,000 $195,000
KOKOMO, IN 1 $185,000 $185,000
ROCHESTER, MN 1 $185,000 $185,000
PROVO-OREM, UT 1 $175,000 $175,000
ANNISTON-OXFORD, AL 1 $165,000 $165,000
MUSKEGON, MI 1 $165,000 $165,000
STATE COLLEGE, PA 1 $165,000 $165,000
HINESVILLE, GA 1 $165,000 $165,000
CALIFORNIA-LEXINGTON PARK, MD 1 $165,000 $165,000
NEW BERN, NC 1 $155,000 $155,000
ATLANTIC CITY-HAMMONTON, NJ 1 $155,000 $155,000
GREENVILLE, NC 1 $155,000 $155,000
DOVER, DE 1 $145,000 $145,000
LIMA, OH 1 $145,000 $145,000
LAWRENCE, KS 1 $145,000 $145,000
FORT SMITH, AR-OK 1 $135,000 $135,000
CUMBERLAND, MD-WV 1 $125,000 $125,000
DULUTH, MN-WI 1 $125,000 $125,000
APPLETON, WI 1 $125,000 $125,000
WATERLOO-CEDAR FALLS, IA 1 $125,000 $125,000
EVANSVILLE, IN-KY 1 $115,000 $115,000
JEFFERSON CITY, MO 1 $105,000 $105,000
CLEVELAND, TN 1 $105,000 $105,000
SCRANTON--WILKES-BARRE, PA 1 $105,000 $105,000
FLORENCE-MUSCLE SHOALS, AL 1 $95,000 $95,000
DUBUQUE, IA 1 $95,000 $95,000
HOUMA-THIBODAUX, LA 1 $95,000 $95,000
GREAT FALLS, MT 1 $65,000 $65,000
MUNCIE, IN 1 $65,000 $65,000

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% 281 $2,025,000 $7,206
2.5-3% 64 $11,710,000 $182,969
3-4% 1,768 $453,490,000 $256,499
4-5% 2,373 $564,785,000 $238,005
5-6% 2,343 $502,545,000 $214,488
6-7% 32 $6,670,000 $208,438
7-8% 3 $355,000 $118,333
Over 8% 3 $285,000 $95,000

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 735 $34,305,000 $46,673
$100k-200k 2,338 $365,040,000 $156,133
$200k-400k 3,338 $920,050,000 $275,629
$400k-600k 420 $193,600,000 $460,952
$600k-1000k 40 $28,180,000 $704,500
$Over $1MM 2 $2,230,000 $1,115,000

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% 52 $7,370,000 $141,731
40-60% 228 $42,920,000 $188,246
60-80% 958 $227,660,000 $237,641
80-100% 4,906 $1,147,910,000 $233,981
Over 100% 395 $113,765,000 $288,013
Under 20% 328 $2,570,000 $7,835

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 915 $275,675,000 $301,284
$150k-250k 273 $95,815,000 $350,971
$50k-75k 2,074 $414,800,000 $200,000
$50k-or less 2,339 $430,185,000 $183,918
$75k-100k 1,204 $297,190,000 $246,836
$Over $250k 65 $29,115,000 $447,923

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 4,665 $1,018,565,000 $218,342
Not provided 925 $237,025,000 $256,243
Black 1,047 $229,525,000 $219,222
Asian 117 $32,235,000 $275,513
American Indian 84 $16,020,000 $190,714
Native Hawaiian 30 $8,450,000 $281,667
Filipino 2 $760,000 $380,000
Other Pacific Islander 1 $545,000 $545,000
Other Asian 2 $280,000 $140,000

Approval Rates

Total approvals of all applications
93.64%

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
40.12%

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
10211.71 1 $105,000 $105,000
2546.25 1 $105,000 $105,000
6590.0 1 $105,000 $105,000
8137.5 1 $235,000 $235,000
NA 6,869 $1,542,855,000 $224,611

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 1,613 $302,385,000 $187,467
$1k-2k 1,543 $323,715,000 $209,796
$2k-3k 1,153 $236,905,000 $205,468
$3k-4k 1,485 $353,775,000 $238,232
$5k+ 1,033 $319,225,000 $309,027

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):Manufactured 300 $50,170,000 $167,233
Single Family (1-4 Units):Site-Built 6,573 $1,493,235,000 $227,177