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, Ann Arbor, and Philadelphia among others. We have data for 69 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) | 5.73% | 4/18/24 |
| 30 Year Conventional Purchase | 6.01% | 4/18/24 |
| 30 Year Conventional Refi | 6.06% | 4/18/24 |
| 30 Year Cash-out Refi | 6.38% | 4/18/24 |
| 15 Year Conventional Purchase | 5.97% | 4/18/24 |
| 15 Year Conventional Refi | 6.35% | 4/18/24 |
| 15 Year Cash-out Refi | 6.35% | 4/18/24 |
| 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. | ||
Genisys Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,103Origination Dollar Volume (All Markets)
$384,175,000Awards
GENISYS - 2019
GENISYS is a 2019 , due to their low .
For 2019, 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 |
|---|---|---|---|---|---|
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2,368 | $299,850,000 | $126,626 | $1,542 | 4.68% |
| FLINT, MI (FHA|USDA|VA) | 251 | $22,675,000 | $90,339 | $1,559 | 4.71% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 144 | $16,120,000 | $111,944 | $1,669 | 4.92% |
| Outside of Metro Areas | 99 | $9,555,000 | $96,515 | $1,865 | 4.39% |
| ANN ARBOR, MI (FHA|USDA|VA) | 43 | $6,955,000 | $161,744 | $1,976 | 4.53% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 36 | $5,050,000 | $140,278 | $3,070 | 4.63% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 15 | $2,675,000 | $178,333 | $2,221 | 4.42% |
| Traverse City, MI (FHA|USDA|VA) | 10 | $1,980,000 | $198,000 | $2,460 | 4.26% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 14 | $1,600,000 | $114,286 | $2,229 | 4.04% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 4 | $1,300,000 | $325,000 | $4,131 | 4.88% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 10 | $1,080,000 | $108,000 | $720 | 5.43% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $1,722 | 4.16% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $4,914 | 4.13% |
| SAGINAW, MI (FHA|USDA|VA) | 6 | $820,000 | $136,667 | $2,087 | 3.92% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 6 | $780,000 | $130,000 | $2,259 | 5.67% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 8 | $590,000 | $73,750 | $731 | 4.71% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $1,469 | 4.46% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $5,096 | 4.38% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $2,170 | 3.87% |
| OCALA, FL (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $3,163 | 3.88% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $1,293 | 4.06% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,524 | 4.25% |
| TOLEDO, OH (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $2,910 | 3.92% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $2,640 | 4.25% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $3,752 | 3.83% |
| MONROE, MI (FHA|USDA|VA) | 4 | $380,000 | $95,000 | $1,719 | 4.12% |
| Big Rapids, MI (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $2,281 | 4.04% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $1,699 | 5.06% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,322 | 3.13% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $4,058 | 3.44% |
| Ashland, OH (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,789 | 3.75% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,052 | 3.13% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,652 | 4.25% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $250,000 | $62,500 | $2,824 | 4.56% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,323 | 3.38% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,462 | 2.63% |
| Easton, MD (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,170 | 3.13% |
| Hillsdale, MI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,365 | 4.63% |
| Adrian, MI (FHA|USDA|VA) | 4 | $220,000 | $55,000 | $1,945 | 5.00% |
| Alpena, MI (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $2,169 | 4.08% |
| NILES, MI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,712 | 4.88% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 5.50% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,684 | 4.25% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.25% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,870 | 3.25% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $277 | 3.50% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,538 | 4.13% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,417 | 3.75% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $576 | 6.12% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,190 | 4.13% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,164 | 3.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $172 | 6.49% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 6.00% |
| Cadillac, MI (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $2,133 | 5.50% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,600 | 4.63% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.00% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,962 | 3.75% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,050 | 3.88% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,695 | 4.75% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $140 | 5.24% |
| BAY CITY, MI (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $1,512 | 4.81% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $172 | 4.49% |
| DuBois, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,690 | 4.13% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $257 | 4.13% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.50% |
| READING, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $187 | 3.99% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $172 | 4.49% |
| Marinette, WI-MI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $269 | 3.50% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $337 | 4.49% |
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.
Similarity Rank: 122
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 2,875 | $366,715,000 | $127,553 | $1,611 | 4.60% |
| HELOC | 228 | $17,460,000 | $76,579 | n/a | 5.46% |
For 2019, Genisys's most frequently originated type of loan was Conventional, with 2,875 originations. Their 2nd most popular type was HELOC, with 228 originations.
Loan Reason
For 2019, Genisys's most frequently cited loan purpose was Refi, with 922 originations. The 2nd most popular reason was Cash Out Refi, with 745 originations.
Loan Duration/Length
For 2019, Genisys's most frequently cited loan duration was 10 Year, with 1,114 originations. The 2nd most popular length was 30 Year, with 927 originations.
Origination Fees/Closing Costs
Genisys's average total fees were $2,535, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,093 originations.
Interest Rates
During 2019, Genisys's average interest rate for loans was 4.33%, while their most frequently originated rate bucket for loans was 4-5%, with 1,218 originations.
Loan Sizing
2019 saw Genisys place emphasis on $100,000 or less loans with 1,705 originations, totaling $79,255,000 in origination value.
Applicant Income
Genisys lent most frequently to those with incomes in the $100k-150k range, with 719 originations. The second most popular income band? $50k-75k, with 703 originations.
Applicant Debt to Income Ratio
Genisys lent most frequently to those with DTI ratios of 20-30%, with 715 originations. The next most common DTI ratio? 30-36%, with 604 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications77.96%
Genisys has a below average approval rate.
Pick Rate
Approvals leading to origination79.60%
Genisys has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,103 | $384,175,000 | $123,808 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| GMH Associates Inc. | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |