Specialized Loan Servicing Mortgage Rates, Fees & Info
,LEI: 549300QSUEE20YO86W39
Tax ID: 33-1050584
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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 an average 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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 4/28/24 |
| 30 Year Conventional Refi | 6.27% | 4/28/24 |
| 30 Year Cash-out Refi | 6.27% | 4/28/24 |
| 30 Year FHA Purchase | 6.27% | 4/28/24 |
| 30 Year FHA Refi | 6.68% | 4/28/24 |
| 15 Year Conventional Purchase | 5.68% | 4/28/24 |
| 15 Year Conventional Refi | 5.68% | 4/28/24 |
| 15 Year Cash-out Refi | 5.68% | 4/28/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
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% |