Specialized Loan Servicing Mortgage Rates, Fees & Info
,LEI: 549300QSUEE20YO86W39
Tax ID: 33-1050584
Latest/2024 | 2023 Data | 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 Refi and Cash Out Refi loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: Nashville, Dallas, Orlando, San Antonio, and Philadelphia among others. We have data for 8 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 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.
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.
Originations
8Origination Dollar Volume (All Markets)
$1,620,000Top 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 |
|---|---|---|---|---|---|
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,941 | 2.25% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,381 | 2.25% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,204 | 2.25% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,727 | 2.25% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,168 | 2.25% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,215 | 2.25% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,271 | 2.25% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,129 | 2.25% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| FHA | 8 | $1,620,000 | $202,500 | $5,629 | 2.25% |
For 2021, Specialized Loan Servicing's most frequently originated type of loan was FHA, with 8 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 4 | $820,000 | $205,000 | $5,860 | 2.25% |
| Cash Out Refi | 4 | $800,000 | $200,000 | $5,399 | 2.25% |
For 2021, Specialized Loan Servicing's most frequently cited loan purpose was Refi, with 4 originations. The 2nd most popular reason was Cash Out Refi, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 5 | $1,095,000 | $219,000 | $6,062 | 2.25% |
| Other | 3 | $525,000 | $175,000 | $4,908 | 2.25% |
For 2021, Specialized Loan Servicing's most frequently cited loan duration was 30 Year, with 5 originations. The 2nd most popular length was Other, with 3 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 8 | $1,620,000 | $202,500 |
Specialized Loan Servicing's average total fees were $6,062, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 8 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| <2.5% | 8 | $1,620,000 | $202,500 |
During 2021, Specialized Loan Servicing's average interest rate for loans was 2.25%, while their most frequently originated rate bucket for loans was <2.5%, with 8 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 5 | $1,175,000 | $235,000 | $6,484 | 2.25% |
| $100k-200k | 3 | $445,000 | $148,333 | $4,205 | 2.25% |
2021 saw Specialized Loan Servicing place emphasis on $200k-400k loans with 5 originations, totaling $1,175,000 in origination value.
Applicant Income
Specialized Loan Servicing lent most frequently to those with incomes in the $100k-150k range, with 4 originations. The second most popular income band? $50k-75k, with 2 originations.
Applicant Debt to Income Ratio
Specialized Loan Servicing lent most frequently to those with DTI ratios of 20-30%, with 3 originations. The next most common DTI ratio? 37%, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 6 | $1,250,000 | $208,333 | $5,775 | 2.25% |
| Black | 2 | $370,000 | $185,000 | $5,191 | 2.25% |
Approval Rates
Total approvals of all applications99.37%
Specialized Loan Servicing has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination75.00%
Specialized Loan Servicing has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 8 | $1,620,000 | $202,500 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 60-80% | 6 | $1,220,000 | $203,333 | $5,769 | 2.25% |
| 80-100% | 2 | $400,000 | $200,000 | $5,210 | 2.25% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Specialized Loan Servicing Holdings LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 31 | 3.6% |
| Specialized Loan Servicing Holdings LLC | Conventional home mortgage | Closing on a mortgage | 22 | 2.5% |
| Specialized Loan Servicing Holdings LLC | Conventional home mortgage | Improper use of your report | 1 | 0.1% |
| Specialized Loan Servicing Holdings LLC | Conventional home mortgage | Incorrect information on your report | 25 | 2.9% |
| Specialized Loan Servicing Holdings LLC | Conventional home mortgage | Problem with a credit reporting company's investigation into an existing problem | 3 | 0.3% |
| Specialized Loan Servicing Holdings LLC | Conventional home mortgage | Problem with credit report or credit score | 2 | 0.2% |
| Specialized Loan Servicing Holdings LLC | Conventional home mortgage | Struggling to pay mortgage | 239 | 27.6% |
| Specialized Loan Servicing Holdings LLC | Conventional home mortgage | Trouble during payment process | 322 | 37.2% |
| Specialized Loan Servicing Holdings LLC | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 0.3% |
| Specialized Loan Servicing Holdings LLC | FHA mortgage | Closing on a mortgage | 2 | 0.2% |
| Specialized Loan Servicing Holdings LLC | FHA mortgage | Incorrect information on your report | 1 | 0.1% |
| Specialized Loan Servicing Holdings LLC | FHA mortgage | Struggling to pay mortgage | 25 | 2.9% |
| Specialized Loan Servicing Holdings LLC | FHA mortgage | Trouble during payment process | 22 | 2.5% |
| Specialized Loan Servicing Holdings LLC | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 8 | 0.9% |
| Specialized Loan Servicing Holdings LLC | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 12 | 1.4% |
| Specialized Loan Servicing Holdings LLC | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 1 | 0.1% |
| Specialized Loan Servicing Holdings LLC | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 33 | 3.8% |
| Specialized Loan Servicing Holdings LLC | Home equity loan or line of credit (HELOC) | Trouble during payment process | 47 | 5.4% |
| Specialized Loan Servicing Holdings LLC | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 7 | 0.8% |
| Specialized Loan Servicing Holdings LLC | Other type of mortgage | Closing on a mortgage | 1 | 0.1% |
| Specialized Loan Servicing Holdings LLC | Other type of mortgage | Incorrect information on your report | 1 | 0.1% |
| Specialized Loan Servicing Holdings LLC | Other type of mortgage | Struggling to pay mortgage | 31 | 3.6% |
| Specialized Loan Servicing Holdings LLC | Other type of mortgage | Trouble during payment process | 24 | 2.8% |
| Specialized Loan Servicing Holdings LLC | VA mortgage | Struggling to pay mortgage | 1 | 0.1% |
| Specialized Loan Servicing Holdings LLC | VA mortgage | Trouble during payment process | 2 | 0.2% |