Genisys Mortgage Rates, Fees & Info
Auburn Hills, MILEI: 549300QIUZLVR1OLDH55
Tax ID: 38-1445060
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Mortgage Data
Review & 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 by origination volume include: Detroit, Flint, Minneapolis, Lansing, and Philadelphia among others. We have data for 109 markets. (Some data included below & more in-depth data is available with an active subscription.)Genisys 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. Genisys 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.99% | 3/19/23 |
| 30 Year Conventional Purchase | 6.63% | 3/19/23 |
| 30 Year Conventional Refi | 6.45% | 3/19/23 |
| 30 Year Cash-out Refi | 6.62% | 3/19/23 |
| 15 Year Conventional Purchase | 5.99% | 3/19/23 |
| 15 Year Conventional Refi | 6.11% | 3/19/23 |
| 15 Year Cash-out Refi | 6.11% | 3/19/23 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Originations
4,436Origination Dollar Volume (All Markets)
$670,660,000Awards
GENISYS - 2021
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For 2021, less than of lenders were eligible for this award.
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Relative Rate
Genisys's average 30 year fixed mortgage rate was
3.12%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.03%.
Relative Fees (Closing Costs)
Genisys's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,613.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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 |
|---|---|---|---|---|---|
| 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% |
Similar Lenders
We use machine learning to identify the top lenders compared against GENISYS 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 | 3,151 | $566,705,000 | $179,849 | $2,190 | 3.08% |
| HELOC | 1,285 | $103,955,000 | $80,899 | n/a | 3.04% |
For 2021, Genisys's most frequently originated type of loan was Conventional, with 3,151 originations. Their 2nd most popular type was HELOC, with 1,285 originations.
Loan Reason
For 2021, Genisys's most frequently cited loan purpose was Refi, with 1,604 originations. The 2nd most popular reason was Cash Out Refi, with 827 originations.
Loan Duration/Length
For 2021, Genisys's most frequently cited loan duration was 30 Year, with 1,510 originations. The 2nd most popular length was 20 Year, with 1,489 originations.
Origination Fees/Closing Costs
Genisys's average total fees were $2,613, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,645 originations.
Interest Rates
During 2021, Genisys's average interest rate for loans was 3.12%, while their most frequently originated rate bucket for loans was <2.5%, with 1,574 originations.
Loan Sizing
2021 saw Genisys place emphasis on $100,000 or less loans with 1,823 originations, totaling $99,355,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications87.74%
Genisys has an average approval rate.
Pick Rate
Approvals leading to origination83.61%
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 |