Specialized Loan Servicing Mortgage Rates, Fees & Info
,LEI: 549300QSUEE20YO86W39
Tax ID: 33-1050584
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Specialized Loan Servicing is a smaller mortgage company specializing in Cash Out Refi and Refi loans. Specialized Loan Servicing has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Francisco, Memphis, Indianapolis, and Miami among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Specialized Loan Servicing has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Specialized Loan Servicing 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 relatively high 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 12/29/24 |
| 30 Year Conventional Refi | 6.27% | 12/29/24 |
| 30 Year Cash-out Refi | 6.27% | 12/29/24 |
| 30 Year FHA Purchase | 6.27% | 12/29/24 |
| 30 Year FHA Refi | 6.68% | 12/29/24 |
| 15 Year Conventional Purchase | 5.68% | 12/29/24 |
| 15 Year Conventional Refi | 5.68% | 12/29/24 |
| 15 Year Cash-out Refi | 5.68% | 12/29/24 |
| 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. | ||
Specialized Loan Servicing Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Specialized Loan Servicing. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
10Origination Dollar Volume (All Markets)
$1,690,000Relative Rate
Specialized Loan Servicing's average 30 year fixed mortgage rate was
7.14%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.66%.
Relative Fees (Closing Costs)
Specialized Loan Servicing's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,199.
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 $9,089.
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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,756 | 7.25% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,487 | 6.88% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $9,447 | 6.75% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,782 | 7.88% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,169 | 7.13% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,872 | 6.50% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,716 | 6.88% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,463 | 6.13% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,366 | 7.88% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,706 | 7.63% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 10 | $1,690,000 | $169,000 | $4,176 | 7.09% |
For 2023, Specialized Loan Servicing's most frequently originated type of loan was Conventional, with 10 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 9 | $1,345,000 | $149,444 | $4,253 | 7.11% |
| Refi | 1 | $345,000 | $345,000 | $3,487 | 6.88% |
For 2023, Specialized Loan Servicing's most frequently cited loan purpose was Cash Out Refi, with 9 originations. The 2nd most popular reason was Refi, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 8 | $1,510,000 | $188,750 | $4,199 | 7.14% |
| 15 Year | 1 | $95,000 | $95,000 | $5,463 | 6.13% |
| 20 Year | 1 | $85,000 | $85,000 | $2,706 | 7.63% |
For 2023, Specialized Loan Servicing's most frequently cited loan duration was 30 Year, with 8 originations. The 2nd most popular length was 15 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 4 | $710,000 | $177,500 |
| $<1k | 3 | $605,000 | $201,667 |
| $2k-3k | 1 | $105,000 | $105,000 |
| $3k-4k | 1 | $95,000 | $95,000 |
| $5k+ | 1 | $175,000 | $175,000 |
Specialized Loan Servicing's average total fees were $4,199, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 4 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 5 | $835,000 | $167,000 |
| 7-8% | 5 | $855,000 | $171,000 |
During 2023, Specialized Loan Servicing's average interest rate for loans was 7.14%, while their most frequently originated rate bucket for loans was 6-7%, with 5 originations.
Loan Sizing
2023 saw Specialized Loan Servicing place emphasis on $100k-200k loans with 5 originations, totaling $705,000 in origination value.
Applicant Income
Specialized Loan Servicing lent most frequently to those with incomes in the $100k-150k range, with 3 originations. The second most popular income band? $75k-100k, with 3 originations.
Applicant Debt to Income Ratio
Specialized Loan Servicing lent most frequently to those with DTI ratios of 42%, with 2 originations. The next most common DTI ratio? 43%, with 2 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.41%
Specialized Loan Servicing has an average approval rate.
Pick Rate
Approvals leading to origination10.00%
Specialized Loan Servicing 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 |
|---|---|---|---|
| NA | 10 | $1,690,000 | $169,000 |