Genisys Mortgage Rates, Fees & Info

Auburn Hills, MI

LEI: 549300QIUZLVR1OLDH55

Tax ID: 38-1445060

5 stars - out of 5 stars, based on 67 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Genisys is a smaller mortgage company specializing in Refi, Cash Out Refi, and Home Purchase loans. Genisys has a high proportion of conventional loans. Their top markets include Detroit, Flint, Minneapolis, Lansing, and Philadelphia among others. Genisys 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. Genisys is typically a low fee lendor.


Originations

4,436

Origination Dollar Volume (All Markets)

$670,660,000
Show all (7) awards

Relative Rate

Genisys's average 30 year fixed rate mortgage of loans were 3.12%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.03%.

Relative Fees

Genisys's average total fees for a 30 year fixed rate mortgage are $2,613.

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
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3,228 $478,830,000 $148,336 $2,144 3.11%
FLINT, MI (FHA|USDA|VA) 366 $41,760,000 $114,098 $2,017 3.11%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 244 $38,300,000 $156,967 $2,342 2.86%
Outside of Metro Areas 156 $20,840,000 $133,590 $2,132 3.04%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 33 $9,245,000 $280,152 $2,352 3.15%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 58 $8,910,000 $153,621 $2,911 2.73%
ANN ARBOR, MI (FHA|USDA|VA) 54 $8,050,000 $149,074 $2,112 2.96%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 6 $7,210,000 $1,201,667 $2,221 2.95%
Traverse City, MI (FHA|USDA|VA) 17 $5,315,000 $312,647 $2,505 2.71%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 10 $2,520,000 $252,000 $4,160 2.47%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 9 $2,445,000 $271,667 $2,352 2.65%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $2,330,000 $582,500 $3,109 3.03%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 19 $2,315,000 $121,842 $2,387 2.73%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 13 $2,305,000 $177,308 $2,132 3.09%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 11 $2,215,000 $201,364 $3,653 2.65%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 4 $2,120,000 $530,000 $2,277 2.25%
SAGINAW, MI (FHA|USDA|VA) 14 $2,000,000 $142,857 $2,379 2.73%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 9 $1,845,000 $205,000 $4,153 3.04%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 6 $1,650,000 $275,000 $4,371 2.79%
MONROE, MI (FHA|USDA|VA) 7 $1,495,000 $213,571 $3,662 3.00%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 8 $1,490,000 $186,250 $3,506 2.29%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $3,996 3.38%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 4 $990,000 $247,500 $0 2.74%
Adrian, MI (FHA|USDA|VA) 8 $960,000 $120,000 $2,447 3.61%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $950,000 $237,500 $4,554 2.94%
Faribault-Northfield, MN (FHA|USDA|VA) 5 $865,000 $173,000 $2,554 2.87%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $820,000 $410,000 $2,139 2.56%
JACKSON, MI (FHA|USDA|VA) 5 $775,000 $155,000 $2,331 2.83%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $745,000 $248,333 $2,785 2.58%
TOLEDO, OH (FHA|USDA|VA) 4 $730,000 $182,500 $3,025 3.31%
NILES, MI (FHA|USDA|VA) 4 $730,000 $182,500 $2,553 2.69%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 6 $730,000 $121,667 $1,708 2.93%
PUNTA GORDA, FL (FHA|USDA|VA) 6 $720,000 $120,000 $2,950 2.31%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $705,000 $705,000 $3,642 2.50%
MIDLAND, MI (FHA|USDA|VA) 3 $615,000 $205,000 $1,564 3.54%
Cullowhee, NC (FHA|USDA|VA) 1 $605,000 $605,000 $4,978 3.38%
Coldwater, MI (FHA|USDA|VA) 4 $590,000 $147,500 $1,977 2.56%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $545,000 $545,000 $3,641 3.00%
Cornelia, GA (FHA|USDA|VA) 1 $545,000 $545,000 $3,720 2.88%
JACKSONVILLE, FL (FHA|USDA|VA) 3 $535,000 $178,333 $3,567 2.50%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 2 $530,000 $265,000 $3,241 2.31%
DULUTH, MN-WI (FHA|USDA|VA) 4 $510,000 $127,500 $1,635 3.25%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $490,000 $245,000 $4,037 2.43%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $455,000 $455,000 $2,195 3.13%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 4 $420,000 $105,000 $1,740 2.81%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $395,000 $395,000 $2,244 2.88%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $390,000 $195,000 $3,327 3.19%
Cadillac, MI (FHA|USDA|VA) 3 $355,000 $118,333 $2,040 3.08%
Mount Pleasant, MI (FHA|USDA|VA) 2 $350,000 $175,000 $2,469 3.06%
THE VILLAGES, FL (FHA|USDA|VA) 2 $340,000 $170,000 $2,512 3.25%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $340,000 $170,000 $3,530 2.06%
Brevard, NC (FHA|USDA|VA) 1 $295,000 $295,000 $3,689 2.63%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $265,000 $265,000 $4,024 3.63%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $265,000 $265,000 $3,989 2.25%
Big Rapids, MI (FHA|USDA|VA) 2 $260,000 $130,000 $2,353 2.88%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $260,000 $130,000 $2,662 3.50%
ST. CLOUD, MN (FHA|USDA|VA) 1 $255,000 $255,000 $3,740 3.13%
Marinette, WI-MI (FHA|USDA|VA) 1 $245,000 $245,000 $2,819 2.38%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $245,000 $245,000 $2,362 2.88%
FORT WAYNE, IN (FHA|USDA|VA) 2 $240,000 $120,000 $1,865 5.00%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $235,000 $235,000 $2,058 3.00%
SPRINGFIELD, IL (FHA|USDA|VA) 1 $235,000 $235,000 $2,811 3.13%
PITTSBURGH, PA (FHA|USDA|VA) 1 $235,000 $235,000 $4,050 2.50%
Alpena, MI (FHA|USDA|VA) 2 $230,000 $115,000 $2,317 2.75%
SPARTANBURG, SC (FHA|USDA|VA) 1 $225,000 $225,000 $2,927 3.13%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $225,000 $225,000 $0 1.99%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $220,000 $110,000 $2,621 3.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $215,000 $215,000 $3,103 2.38%
KNOXVILLE, TN (FHA|USDA|VA) 1 $215,000 $215,000 $2,955 3.50%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $205,000 $205,000 $2,015 2.75%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $205,000 $205,000 $2,938 3.13%
ALBANY, GA (FHA|USDA|VA) 2 $200,000 $100,000 $2,590 3.38%
BURLINGTON, NC (FHA|USDA|VA) 1 $195,000 $195,000 $2,965 3.00%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $185,000 $185,000 $3,176 2.25%
Clarksburg, WV (FHA|USDA|VA) 1 $185,000 $185,000 $2,983 2.38%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $185,000 $185,000 $2,359 2.63%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 3 $175,000 $58,333 $2,472 2.79%
PANAMA CITY, FL (FHA|USDA|VA) 1 $165,000 $165,000 $2,197 2.88%
Brainerd, MN (FHA|USDA|VA) 1 $165,000 $165,000 $2,414 3.13%
Dayton, TN (FHA|USDA|VA) 1 $155,000 $155,000 $2,948 2.88%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $155,000 $155,000 $3,167 3.13%
MUSKEGON, MI (FHA|USDA|VA) 1 $145,000 $145,000 $1,926 3.38%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $135,000 $135,000 $2,274 2.63%
Red Wing, MN (FHA|USDA|VA) 2 $130,000 $65,000 $2,236 2.62%
Frankfort, KY (FHA|USDA|VA) 1 $125,000 $125,000 $1,974 2.50%
Holland, MI (FHA|USDA|VA) 1 $125,000 $125,000 $2,276 2.63%
Auburn, IN (FHA|USDA|VA) 1 $125,000 $125,000 $2,969 2.88%
Ludington, MI (FHA|USDA|VA) 1 $125,000 $125,000 $2,257 2.88%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $115,000 $115,000 $2,557 3.13%
PEORIA, IL (FHA|USDA|VA) 1 $115,000 $115,000 $2,153 2.38%
Alma, MI (FHA|USDA|VA) 1 $105,000 $105,000 $1,950 2.38%
Sault Ste. Marie, MI (FHA|USDA|VA) 2 $100,000 $50,000 $2,295 2.75%
Warren, PA (FHA|USDA|VA) 1 $95,000 $95,000 $0 1.99%
Houghton, MI (FHA|USDA|VA) 1 $75,000 $75,000 $2,045 3.38%
BATTLE CREEK, MI (FHA|USDA|VA) 1 $75,000 $75,000 $1,709 3.25%
BAY CITY, MI (FHA|USDA|VA) 1 $75,000 $75,000 $1,677 2.25%
Greenville, OH (FHA|USDA|VA) 1 $65,000 $65,000 $2,299 2.38%
Hillsdale, MI (FHA|USDA|VA) 2 $60,000 $30,000 $238 3.62%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 1.99%
GAINESVILLE, GA (FHA|USDA|VA) 1 $55,000 $55,000 $0 1.99%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $45,000 $45,000 $0 1.99%
Thomaston, GA (FHA|USDA|VA) 1 $45,000 $45,000 $274 5.25%
ROANOKE, VA (FHA|USDA|VA) 1 $35,000 $35,000 $0 1.99%
COLUMBUS, OH (FHA|USDA|VA) 1 $35,000 $35,000 $252 4.74%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $35,000 $35,000 $0 7.25%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $35,000 $35,000 $255 4.50%
ROCKFORD, IL (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.99%
CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $15,000 $15,000 $237 2.99%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $15,000 $15,000 $260 2.99%

Genisys's top markets include Detroit, Flint, Minneapolis, Lansing, and Philadelphia among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 4,436 $670,660,000 $151,186 $2,190 3.07%

For the 2021 period, Genisys's most frequently originated loan type of loans were Conventional, with 4,436 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 1,604 $242,370,000 $151,103 $2,012 2.99%
Cash Out Refi 827 $157,595,000 $190,562 $2,458 2.95%
Other 730 $81,220,000 $111,260 $1,682 3.31%
Home Purchase 654 $143,100,000 $218,807 $2,896 3.00%
Home Improvement 621 $46,375,000 $74,678 $462 3.21%

For the 2021, Genisys's most frequently cited loan purpose of loans were Refi, with 1,604 originations. The 2nd most popular reason of loans were Cash Out Refi, with 827 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,510 $319,310,000 $211,464 $2,613 3.12%
20 Year 1,489 $139,775,000 $93,872 $2,382 3.03%
15 Year 911 $144,755,000 $158,897 $2,120 2.76%
10 Year 446 $50,020,000 $112,152 $1,114 3.55%
5 Year 77 $4,725,000 $61,364 $240 3.71%
1 Year 2 $5,870,000 $2,935,000 $0 3.95%
Other 1 $6,205,000 $6,205,000 $0 3.80%

For the 2021, Genisys's most frequently cited loan length of loans were 30 Year, with 1,510 originations. The 2nd most popular length of loans were 20 Year, with 1,489 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 2,645 $449,295,000 $169,866
$1k-2k 427 $77,375,000 $181,206
$2k-3k 33 $8,865,000 $268,636
$3k-4k 17 $4,015,000 $236,176
$5k+ 10 $2,950,000 $295,000

$2,613 of loans were Genisys's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 2,645 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
<2.5% 1,574 $216,790,000 $137,732
3-4% 1,187 $203,265,000 $171,243
2.5-3% 1,184 $216,350,000 $182,728
4-5% 247 $21,605,000 $87,470
5-6% 129 $7,135,000 $55,310
6-7% 67 $3,375,000 $50,373
7-8% 40 $1,790,000 $44,750
Over 8% 8 $350,000 $43,750

During 2021, Genisys's average interest rate of loans were 3.12%, while their most frequently originated rate bucket of loans were <2.5%, with 1,574 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100,000 or less 1,823 $99,355,000 $54,501 $1,306 3.38%
$100k-200k 1,591 $229,935,000 $144,522 $2,282 2.82%
$200k-400k 856 $227,090,000 $265,292 $2,790 2.91%
$400k-600k 113 $53,165,000 $470,487 $3,427 2.84%
$600k-1MM 30 $22,680,000 $756,000 $3,738 2.90%
$1MM+ 23 $38,435,000 $1,671,087 $4,205 3.06%

2021 saw Genisys place emphasis on $100,000 or less loans with 1,823 originations, totaling $99,355,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 1,064 $162,040,000 $152,293 $2,188 3.07%
$50k-75k 993 $119,145,000 $119,985 $2,086 3.10%
$75k-100k 802 $107,640,000 $134,214 $2,140 3.22%
$50k or less 728 $67,900,000 $93,269 $2,002 3.05%
$150k-250k 630 $125,820,000 $199,714 $2,584 2.89%
$250k+ 190 $62,050,000 $326,579 $2,635 2.86%

Genisys lent most frequently to those with incomes in the $100k-150k range, with 1,064 originations. The second most popular income band? $50k-75k, with 993 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 1,200 $171,640,000 $143,033 $2,233 2.90%
30-36% 844 $123,980,000 $146,896 $2,173 3.13%
<20% 611 $87,555,000 $143,298 $2,092 2.63%
41% 156 $22,510,000 $144,295 $2,207 3.42%
38% 148 $20,980,000 $141,757 $1,993 3.38%
39% 147 $21,785,000 $148,197 $2,061 3.28%
42% 144 $24,200,000 $168,056 $2,194 3.45%
40% 139 $18,585,000 $133,705 $2,052 3.39%
36% 130 $20,890,000 $160,692 $2,315 3.21%
44% 128 $20,450,000 $159,766 $2,410 3.30%
45% 122 $17,750,000 $145,492 $2,297 3.37%
43% 117 $17,575,000 $150,214 $2,359 3.32%
37% 109 $15,675,000 $143,807 $2,048 3.20%
46% 93 $15,275,000 $164,247 $2,228 3.30%
47% 93 $12,095,000 $130,054 $2,098 3.17%
48% 91 $14,195,000 $155,989 $2,420 3.05%
49% 71 $11,435,000 $161,056 $2,309 3.11%
50-60% 29 $3,875,000 $133,621 $2,163 3.45%
>60% 14 $1,660,000 $118,571 $1,649 3.35%

Genisys lent most frequently to those with DTI ratios of 20-30%, with 1,200 originations. The next most common DTI ratio? 30-36%, with 844 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 3,258 $466,290,000 $143,122 $2,141 3.07%
Not provided 833 $137,715,000 $165,324 $2,387 3.02%
Not applicable 17 $24,085,000 $1,416,765 $0 3.79%
Black 163 $18,295,000 $112,239 $2,032 3.35%
Asian 106 $17,300,000 $163,208 $2,399 2.86%
Asian Indian 26 $2,880,000 $110,769 $1,310 2.96%
American Indian 21 $2,525,000 $120,238 $2,079 3.25%
Native Hawaiian 4 $570,000 $142,500 $2,701 3.59%
Other Asian 2 $340,000 $170,000 $3,142 2.31%
Chinese 1 $205,000 $205,000 $2,021 2.88%
Filipino 3 $185,000 $61,667 $1,240 3.33%
Japanese 1 $165,000 $165,000 $2,759 2.75%
Vietnamese 1 $105,000 $105,000 $0 1.99%

Approval Rates

Total approvals of all applications
82.31%

Genisys has a below average approval rate.

Pick Rate

Approvals leading to origination
83.39%

Genisys has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
0.0 22 $1,430,000 $65,000
1051.5 1 $305,000 $305,000
1081.5 1 $255,000 $255,000
1590.5 1 $325,000 $325,000
1711.5 1 $405,000 $405,000
171.5 2 $110,000 $55,000
236.5 231 $15,555,000 $67,338
236.8 1 $155,000 $155,000
240.5 1 $65,000 $65,000
246.5 1 $25,000 $25,000
2481.5 1 $555,000 $555,000
251.5 25 $1,665,000 $66,600
254.5 4 $400,000 $100,000
259.5 7 $585,000 $83,571
270.5 3 $325,000 $108,333
273.5 2 $180,000 $90,000
284.5 7 $555,000 $79,286
454.5 1 $155,000 $155,000
671.5 1 $115,000 $115,000
71.5 1 $55,000 $55,000
736.5 1 $35,000 $35,000
826.5 1 $185,000 $185,000
838.5 1 $195,000 $195,000
846.5 1 $205,000 $205,000
NA 4,118 $646,820,000 $157,071

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
4,436 $670,660,000 $151,186

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 776 $79,130,000 $101,972 $1,685 2.96%
40-60% 862 $134,000,000 $155,452 $2,149 2.78%
60-80% 1,222 $273,410,000 $223,740 $2,540 2.96%
80-100% 585 $134,275,000 $229,530 $2,813 3.07%
Over 100% 1 $2,655,000 $2,655,000 $0 3.70%
Under 20% 990 $47,190,000 $47,667 $336 3.54%