Carrington Mortgage Services

ALISO VIEJO, CA 92656

LEI: 549300R9S3MVDV4MGF56

Tax ID: 20-8745846

2019 Data | 2018 Data


Overview

Carrington Mortgage Services is a mid-sized mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Carrington Mortgage Services has an average proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Riverside, Los Angeles, Washington, Atlanta, and New York among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Carrington Mortgage Services is typically a normal fee medium-low fee lendor.


Originations

34,557

Origination Dollar Volume (All Markets)

$7,288,985,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 9,109 $1,900,785,000 $208,671
FHA 16,369 $3,197,185,000 $195,320
VA 8,690 $2,138,770,000 $246,119
USDA 389 $52,245,000 $134,306

Conventional loans are assumed to be 20% downpayment and either fixed/adjustable rate. FHA loans start at 3.5% downpayment and are targeted towards first time homebuyers who will be owner-occupants. USDA loans target agrarian uses such as farms. VA loans are available to members of the military. FHA, USDA and VA loans are typically subsidized by the government so as to have more favorable terms for the borrower.

Loan Reason

Loan Reason Originations Total Value Average Loan
Home Purchase 6,942 $1,590,450,000 $229,105
Refi 15,738 $3,183,930,000 $202,308
Cash Out Refi 11,877 $2,514,605,000 $211,721

Home purchase and refinance loans are typically offered by even the most prudent banks. Cash out refi loans typically carry higher fees-- they allow homeowners to get loans against the equity (appreciated value) of their home, but can be used irresponsibly. Lendors with a high ratio of cash out refi loans may be exposed in the event of an economic downturn, and may be more aggressive with their fee schedules.

Top Markets

Market Originations Total Value Average Loan
Outside of Metro Areas 3,546 $525,990,000 $148,333
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 1,158 $343,840,000 $296,926
LOS ANGELES-LONG BEACH-GLENDALE, CA 703 $269,155,000 $382,866
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 810 $260,730,000 $321,889
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 1,118 $208,810,000 $186,771
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 442 $197,150,000 $446,041
PHOENIX-MESA-CHANDLER, AZ 835 $185,975,000 $222,725
SACRAMENTO-ROSEVILLE-FOLSOM, CA 404 $128,550,000 $318,193
LAS VEGAS-HENDERSON-PARADISE, NV 535 $128,355,000 $239,916
DENVER-AURORA-LAKEWOOD, CO 410 $116,500,000 $284,146
TAMPA-ST. PETERSBURG-CLEARWATER, FL 559 $112,975,000 $202,102
BALTIMORE-COLUMBIA-TOWSON, MD 431 $112,945,000 $262,053
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 256 $105,380,000 $411,641
DALLAS-PLANO-IRVING, TX 491 $101,265,000 $206,242
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 555 $96,815,000 $174,441
ORLANDO-KISSIMMEE-SANFORD, FL 468 $94,990,000 $202,970
NASSAU COUNTY-SUFFOLK COUNTY, NY 252 $92,620,000 $367,540
CHICAGO-NAPERVILLE-EVANSTON, IL 439 $88,615,000 $201,856
SEATTLE-BELLEVUE-KENT, WA 253 $83,525,000 $330,138
ANAHEIM-SANTA ANA-IRVINE, CA 166 $80,380,000 $484,217
JACKSONVILLE, FL 393 $79,305,000 $201,794
OAKLAND-BERKELEY-LIVERMORE, CA 192 $79,130,000 $412,135
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 351 $78,535,000 $223,746
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 367 $72,655,000 $197,970
NEW BRUNSWICK-LAKEWOOD, NJ 225 $67,325,000 $299,222
TACOMA-LAKEWOOD, WA 230 $66,130,000 $287,522
CHARLOTTE-CONCORD-GASTONIA, NC-SC 363 $65,645,000 $180,840
COLORADO SPRINGS, CO 252 $65,220,000 $258,810
FRESNO, CA 270 $60,260,000 $223,185
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 220 $58,510,000 $265,955
INDIANAPOLIS-CARMEL-ANDERSON, IN 379 $58,475,000 $154,288
NEWARK, NJ-PA 193 $54,325,000 $281,477
SAN ANTONIO-NEW BRAUNFELS, TX 299 $53,715,000 $179,649
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 210 $52,890,000 $251,857
FORT WORTH-ARLINGTON-GRAPEVINE, TX 289 $51,455,000 $178,045
MIAMI-MIAMI BEACH-KENDALL, FL 201 $50,955,000 $253,507
WARREN-TROY-FARMINGTON HILLS, MI 284 $49,810,000 $175,387
CINCINNATI, OH-KY-IN 310 $48,990,000 $158,032
COLUMBUS, OH 271 $44,855,000 $165,517
RICHMOND, VA 206 $43,980,000 $213,495
KANSAS CITY, MO-KS 261 $42,725,000 $163,697
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 171 $42,185,000 $246,696
ST. LOUIS, MO-IL 300 $41,880,000 $139,600
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 198 $40,080,000 $202,424
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 114 $38,810,000 $340,439
RALEIGH-CARY, NC 178 $33,950,000 $190,730
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 142 $33,560,000 $236,338
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 183 $33,485,000 $182,978
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 182 $33,120,000 $181,978
STOCKTON, CA 115 $32,875,000 $285,870
CAMDEN, NJ 176 $32,750,000 $186,080
SALT LAKE CITY, UT 125 $32,525,000 $260,200
VALLEJO, CA 90 $31,220,000 $346,889
AUSTIN-ROUND ROCK-GEORGETOWN, TX 143 $30,185,000 $211,084
LAKELAND-WINTER HAVEN, FL 169 $29,325,000 $173,521
FAYETTEVILLE, NC 158 $27,730,000 $175,506
LOUISVILLE/JEFFERSON COUNTY, KY-IN 180 $27,320,000 $151,778
PHILADELPHIA, PA 167 $27,205,000 $162,904
CHARLESTON-NORTH CHARLESTON, SC 132 $27,130,000 $205,530
AUGUSTA-RICHMOND COUNTY, GA-SC 159 $26,745,000 $168,208
BAKERSFIELD, CA 139 $25,855,000 $186,007
NEW HAVEN-MILFORD, CT 138 $25,230,000 $182,826
OLYMPIA-LACEY-TUMWATER, WA 93 $24,975,000 $268,548
PITTSBURGH, PA 176 $24,450,000 $138,920
WILMINGTON, DE-MD-NJ 116 $24,180,000 $208,448
MEMPHIS, TN-MS-AR 164 $24,090,000 $146,890
NEW ORLEANS-METAIRIE, LA 148 $23,750,000 $160,473
CLEVELAND-ELYRIA, OH 174 $23,530,000 $135,230
PORT ST. LUCIE, FL 114 $23,300,000 $204,386
NORTH PORT-SARASOTA-BRADENTON, FL 103 $22,935,000 $222,670
MODESTO, CA 91 $22,675,000 $249,176
CLARKSVILLE, TN-KY 121 $21,985,000 $181,694
OXNARD-THOUSAND OAKS-VENTURA, CA 57 $21,655,000 $379,912
PALM BAY-MELBOURNE-TITUSVILLE, FL 111 $21,595,000 $194,550
TUCSON, AZ 129 $21,275,000 $164,922
ALBUQUERQUE, NM 115 $21,215,000 $184,478
BOISE CITY, ID 104 $21,110,000 $202,981
CAPE CORAL-FORT MYERS, FL 112 $20,900,000 $186,607
MILWAUKEE-WAUKESHA, WI 112 $20,740,000 $185,179
GREELEY, CO 82 $20,120,000 $245,366
BIRMINGHAM-HOOVER, AL 130 $19,930,000 $153,308
DETROIT-DEARBORN-LIVONIA, MI 137 $19,435,000 $141,861
GARY, IN 125 $19,405,000 $155,240
COLUMBIA, SC 123 $19,365,000 $157,439
RENO, NV 80 $19,330,000 $241,625
SPOKANE-SPOKANE VALLEY, WA 98 $19,040,000 $194,286
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 35 $18,825,000 $537,857
OKLAHOMA CITY, OK 125 $18,325,000 $146,600
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 99 $18,325,000 $185,101
PROVIDENCE-WARWICK, RI-MA 85 $18,325,000 $215,588
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 26 $18,170,000 $698,846
OGDEN-CLEARFIELD, UT 89 $18,005,000 $202,303
GREENVILLE-ANDERSON, SC 121 $17,815,000 $147,231
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 69 $17,785,000 $257,754
PENSACOLA-FERRY PASS-BRENT, FL 103 $17,765,000 $172,476
JACKSONVILLE, NC 101 $16,955,000 $167,871
HAGERSTOWN-MARTINSBURG, MD-WV 86 $16,940,000 $196,977
COLUMBUS, GA-AL 94 $16,690,000 $177,553
PRESCOTT VALLEY-PRESCOTT, AZ 82 $16,680,000 $203,415
URBAN HONOLULU, HI 38 $16,300,000 $428,947
BRIDGEPORT-STAMFORD-NORWALK, CT 62 $15,820,000 $255,161
VISALIA, CA 75 $15,325,000 $204,333
WINSTON-SALEM, NC 96 $15,040,000 $156,667
KILLEEN-TEMPLE, TX 85 $14,925,000 $175,588
GREENSBORO-HIGH POINT, NC 101 $14,835,000 $146,881
GRAND RAPIDS-KENTWOOD, MI 98 $14,420,000 $147,143
SANTA MARIA-SANTA BARBARA, CA 40 $14,410,000 $360,250
SALINAS, CA 38 $13,340,000 $351,053
ELGIN, IL 62 $13,140,000 $211,935
KNOXVILLE, TN 89 $13,065,000 $146,798
PORTLAND-SOUTH PORTLAND, ME 66 $13,040,000 $197,576
EL PASO, TX 100 $12,980,000 $129,800
SAVANNAH, GA 70 $12,680,000 $181,143
SALEM, OR 56 $12,640,000 $225,714
MERCED, CA 52 $12,280,000 $236,154
KENNEWICK-RICHLAND, WA 56 $12,180,000 $217,500
BATON ROUGE, LA 77 $11,995,000 $155,779
DAYTON-KETTERING, OH 91 $11,915,000 $130,934
DURHAM-CHAPEL HILL, NC 66 $11,580,000 $175,455
CHATTANOOGA, TN-GA 77 $11,465,000 $148,896
PROVO-OREM, UT 49 $11,445,000 $233,571
BREMERTON-SILVERDALE-PORT ORCHARD, WA 44 $11,330,000 $257,500
OCALA, FL 72 $10,810,000 $150,139
BUFFALO-CHEEKTOWAGA, NY 69 $10,615,000 $153,841
SAN LUIS OBISPO-PASO ROBLES, CA 30 $10,350,000 $345,000
EUGENE-SPRINGFIELD, OR 46 $10,260,000 $223,043
DOVER, DE 50 $10,150,000 $203,000
HUNTSVILLE, AL 66 $10,050,000 $152,273
LEXINGTON-FAYETTE, KY 62 $9,830,000 $158,548
LAKE COUNTY-KENOSHA COUNTY, IL-WI 54 $9,650,000 $178,704
YORK-HANOVER, PA 50 $9,560,000 $191,200
TULSA, OK 65 $9,525,000 $146,538
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 66 $9,210,000 $139,545
SALISBURY, MD-DE 53 $9,165,000 $172,925
WORCESTER, MA-CT 46 $9,120,000 $198,261
READING, PA 53 $9,085,000 $171,415
PUEBLO, CO 49 $8,935,000 $182,347
OMAHA-COUNCIL BLUFFS, NE-IA 63 $8,825,000 $140,079
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 57 $8,745,000 $153,421
HINESVILLE, GA 54 $8,710,000 $161,296
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 36 $8,540,000 $237,222
HARRISBURG-CARLISLE, PA 53 $8,435,000 $159,151
DES MOINES-WEST DES MOINES, IA 64 $8,420,000 $131,563
AKRON, OH 51 $8,315,000 $163,039
YUBA CITY, CA 33 $8,055,000 $244,091
FORT COLLINS, CO 31 $8,045,000 $259,516
SANTA ROSA-PETALUMA, CA 22 $8,010,000 $364,091
ALBANY-SCHENECTADY-TROY, NY 46 $7,980,000 $173,478
JACKSON, MS 69 $7,965,000 $115,435
ELIZABETHTOWN-FORT KNOX, KY 46 $7,910,000 $171,957
ASHEVILLE, NC 44 $7,800,000 $177,273
MEDFORD, OR 35 $7,715,000 $220,429
KAHULUI-WAILUKU-LAHAINA, HI 15 $7,625,000 $508,333
CORPUS CHRISTI, TX 45 $7,445,000 $165,444
MONTGOMERY, AL 52 $7,290,000 $140,192
LAKE HAVASU CITY-KINGMAN, AZ 42 $7,230,000 $172,143
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 36 $7,140,000 $198,333
PUNTA GORDA, FL 38 $7,040,000 $185,263
TUSCALOOSA, AL 41 $6,965,000 $169,878
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 50 $6,930,000 $138,600
ALBANY-LEBANON, OR 34 $6,870,000 $202,059
ROANOKE, VA 44 $6,780,000 $154,091
ANCHORAGE, AK 25 $6,765,000 $270,600
EVANSVILLE, IN-KY 47 $6,685,000 $142,234
LYNCHBURG, VA 42 $6,630,000 $157,857
MOUNT VERNON-ANACORTES, WA 23 $6,515,000 $283,261
LANCASTER, PA 37 $6,505,000 $175,811
WARNER ROBINS, GA 38 $6,470,000 $170,263
AUBURN-OPELIKA, AL 35 $6,415,000 $183,286
MADERA, CA 29 $6,385,000 $220,172
GRAND JUNCTION, CO 33 $6,235,000 $188,939
ATLANTIC CITY-HAMMONTON, NJ 32 $6,190,000 $193,438
LANSING-EAST LANSING, MI 48 $6,170,000 $128,542
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 58 $6,150,000 $106,034
WINCHESTER, VA-WV 33 $5,985,000 $181,364
LONGVIEW, WA 29 $5,965,000 $205,690
TOLEDO, OH 47 $5,965,000 $126,915
ROCHESTER, NY 45 $5,905,000 $131,222
BEND, OR 24 $5,800,000 $241,667
TRENTON-PRINCETON, NJ 32 $5,750,000 $179,688
LAREDO, TX 34 $5,690,000 $167,353
CHARLOTTESVILLE, VA 25 $5,605,000 $224,200
NORWICH-NEW LONDON, CT 29 $5,535,000 $190,862
MANCHESTER-NASHUA, NH 24 $5,450,000 $227,083
NAPLES-MARCO ISLAND, FL 23 $5,425,000 $235,870
BELLINGHAM, WA 22 $5,410,000 $245,909
BOULDER, CO 17 $5,395,000 $317,353
CALIFORNIA-LEXINGTON PARK, MD 21 $5,365,000 $255,476
WACO, TX 29 $5,275,000 $181,897
WICHITA, KS 48 $5,260,000 $109,583
DAPHNE-FAIRHOPE-FOLEY, AL 28 $5,210,000 $186,071
HILTON HEAD ISLAND-BLUFFTON, SC 27 $5,175,000 $191,667
MOBILE, AL 37 $5,155,000 $139,324
HOMOSASSA SPRINGS, FL 39 $5,155,000 $132,179
FLINT, MI 43 $5,115,000 $118,953
TALLAHASSEE, FL 29 $5,055,000 $174,310
GAINESVILLE, FL 28 $5,020,000 $179,286
ROCKFORD, IL 40 $4,980,000 $124,500
YUMA, AZ 29 $4,975,000 $171,552
WILMINGTON, NC 28 $4,950,000 $176,786
SPRINGFIELD, MO 39 $4,835,000 $123,974
MCALLEN-EDINBURG-MISSION, TX 38 $4,810,000 $126,579
LAFAYETTE, LA 33 $4,655,000 $141,061
CHICO, CA 21 $4,645,000 $221,190
FORT WAYNE, IN 40 $4,610,000 $115,250
GAINESVILLE, GA 26 $4,540,000 $174,615
HICKORY-LENOIR-MORGANTON, NC 33 $4,435,000 $134,394
SPARTANBURG, SC 31 $4,425,000 $142,742
EL CENTRO, CA 21 $4,425,000 $210,714
FLORENCE, SC 27 $4,395,000 $162,778
SHREVEPORT-BOSSIER CITY, LA 26 $4,370,000 $168,077
HANFORD-CORCORAN, CA 24 $4,330,000 $180,417
YAKIMA, WA 24 $4,260,000 $177,500
IDAHO FALLS, ID 24 $4,230,000 $176,250
MANKATO, MN 25 $4,205,000 $168,200
CANTON-MASSILLON, OH 34 $4,190,000 $123,235
HUNTINGTON-ASHLAND, WV-KY-OH 30 $4,150,000 $138,333
ELKHART-GOSHEN, IN 27 $4,135,000 $153,148
RACINE, WI 27 $4,135,000 $153,148
SCRANTON--WILKES-BARRE, PA 32 $4,080,000 $127,500
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 37 $4,045,000 $109,324
COEUR D'ALENE, ID 16 $4,030,000 $251,875
PANAMA CITY, FL 24 $3,980,000 $165,833
ANN ARBOR, MI 21 $3,915,000 $186,429
BILLINGS, MT 22 $3,840,000 $174,545
SOUTH BEND-MISHAWAKA, IN-MI 34 $3,790,000 $111,471
SANTA FE, NM 18 $3,780,000 $210,000
KALAMAZOO-PORTAGE, MI 22 $3,710,000 $168,636
GOLDSBORO, NC 26 $3,650,000 $140,385
LONGVIEW, TX 25 $3,595,000 $143,800
FARMINGTON, NM 21 $3,535,000 $168,333
SANTA CRUZ-WATSONVILLE, CA 9 $3,515,000 $390,556
ROCHESTER, MN 21 $3,505,000 $166,905
NAPA, CA 7 $3,415,000 $487,857
GULFPORT-BILOXI, MS 26 $3,290,000 $126,538
TOPEKA, KS 29 $3,245,000 $111,897
LAS CRUCES, NM 22 $3,240,000 $147,273
EAST STROUDSBURG, PA 21 $3,225,000 $153,571
SYRACUSE, NY 26 $3,220,000 $123,846
MADISON, WI 17 $3,215,000 $189,118
JACKSON, MI 23 $3,195,000 $138,913
TYLER, TX 17 $3,185,000 $187,353
BEAUMONT-PORT ARTHUR, TX 26 $3,160,000 $121,538
SPRINGFIELD, OH 29 $3,135,000 $108,103
OCEAN CITY, NJ 9 $3,135,000 $348,333
APPLETON, WI 22 $3,080,000 $140,000
GLENS FALLS, NY 19 $3,065,000 $161,316
MACON-BIBB COUNTY, GA 21 $3,015,000 $143,571
BLOOMINGTON, IN 20 $2,980,000 $149,000
CHEYENNE, WY 14 $2,970,000 $212,143
SIOUX CITY, IA-NE-SD 31 $2,955,000 $95,323
LAFAYETTE-WEST LAFAYETTE, IN 24 $2,940,000 $122,500
HOUMA-THIBODAUX, LA 22 $2,920,000 $132,727
FLAGSTAFF, AZ 12 $2,910,000 $242,500
ALBANY, GA 22 $2,860,000 $130,000
BROWNSVILLE-HARLINGEN, TX 19 $2,845,000 $149,737
STAUNTON, VA 15 $2,785,000 $185,667
AMARILLO, TX 29 $2,785,000 $96,034
MIDLAND, TX 13 $2,765,000 $212,692
WENATCHEE, WA 12 $2,760,000 $230,000
DOTHAN, AL 16 $2,720,000 $170,000
GREENVILLE, NC 22 $2,690,000 $122,273
ROCKY MOUNT, NC 18 $2,660,000 $147,778
LAKE CHARLES, LA 15 $2,595,000 $173,000
MONROE, MI 17 $2,565,000 $150,882
KINGSPORT-BRISTOL, TN-VA 15 $2,565,000 $171,000
BOWLING GREEN, KY 18 $2,560,000 $142,222
LINCOLN, NE 18 $2,560,000 $142,222
MONROE, LA 20 $2,510,000 $125,500
SEBASTIAN-VERO BEACH, FL 17 $2,495,000 $146,765
BRUNSWICK, GA 15 $2,495,000 $166,333
MORRISTOWN, TN 20 $2,490,000 $124,500
GETTYSBURG, PA 16 $2,480,000 $155,000
CHARLESTON, WV 25 $2,425,000 $97,000
NILES, MI 19 $2,405,000 $126,579
COLUMBIA, MO 20 $2,370,000 $118,500
SHERMAN-DENISON, TX 19 $2,365,000 $124,474
LIMA, OH 18 $2,340,000 $130,000
CEDAR RAPIDS, IA 23 $2,315,000 $100,652
LAWTON, OK 15 $2,305,000 $153,667
VALDOSTA, GA 14 $2,280,000 $162,857
SIERRA VISTA-DOUGLAS, AZ 14 $2,280,000 $162,857
ST. GEORGE, UT 11 $2,245,000 $204,091
LEBANON, PA 13 $2,225,000 $171,154
MICHIGAN CITY-LA PORTE, IN 19 $2,225,000 $117,105
CARSON CITY, NV 10 $2,190,000 $219,000
BURLINGTON, NC 17 $2,185,000 $128,529
CLEVELAND, TN 13 $2,185,000 $168,077
GREEN BAY, WI 16 $2,180,000 $136,250
REDDING, CA 10 $2,070,000 $207,000
FORT SMITH, AR-OK 20 $2,060,000 $103,000
WALLA WALLA, WA 9 $2,055,000 $228,333
BLACKSBURG-CHRISTIANSBURG, VA 12 $2,050,000 $170,833
ABILENE, TX 13 $2,035,000 $156,538
OWENSBORO, KY 13 $2,025,000 $155,769
HAMMOND, LA 16 $2,000,000 $125,000
SEBRING-AVON PARK, FL 14 $1,990,000 $142,143
ATHENS-CLARKE COUNTY, GA 12 $1,990,000 $165,833
WILLIAMSPORT, PA 10 $1,980,000 $198,000
SUMTER, SC 13 $1,975,000 $151,923
ST. CLOUD, MN 13 $1,975,000 $151,923
DECATUR, AL 13 $1,975,000 $151,923
DALTON, GA 13 $1,945,000 $149,615
LOGAN, UT-ID 10 $1,920,000 $192,000
GRANTS PASS, OR 8 $1,920,000 $240,000
LUBBOCK, TX 17 $1,905,000 $112,059
KINGSTON, NY 10 $1,900,000 $190,000
FOND DU LAC, WI 18 $1,880,000 $104,444
UTICA-ROME, NY 15 $1,855,000 $123,667
CHAMBERSBURG-WAYNESBORO, PA 12 $1,840,000 $153,333
WICHITA FALLS, TX 16 $1,840,000 $115,000
ODESSA, TX 11 $1,825,000 $165,909
PEORIA, IL 18 $1,810,000 $100,556
BANGOR, ME 14 $1,800,000 $128,571
JOHNSON CITY, TN 15 $1,795,000 $119,667
WATERLOO-CEDAR FALLS, IA 15 $1,795,000 $119,667
MIDLAND, MI 15 $1,705,000 $113,667
KANKAKEE, IL 12 $1,650,000 $137,500
COLLEGE STATION-BRYAN, TX 11 $1,605,000 $145,909
NEW BERN, NC 9 $1,605,000 $178,333
BLOOMSBURG-BERWICK, PA 9 $1,585,000 $176,111
JANESVILLE-BELOIT, WI 14 $1,570,000 $112,143
COLUMBUS, IN 10 $1,550,000 $155,000
HATTIESBURG, MS 15 $1,525,000 $101,667
RAPID CITY, SD 9 $1,525,000 $169,444
JOPLIN, MO 13 $1,515,000 $116,538
BATTLE CREEK, MI 12 $1,510,000 $125,833
GREAT FALLS, MT 8 $1,490,000 $186,250
WAUSAU-WESTON, WI 11 $1,475,000 $134,091
SIOUX FALLS, SD 9 $1,415,000 $157,222
VINELAND-BRIDGETON, NJ 9 $1,415,000 $157,222
JONESBORO, AR 11 $1,405,000 $127,727
OSHKOSH-NEENAH, WI 13 $1,395,000 $107,308
SAGINAW, MI 12 $1,360,000 $113,333
MORGANTOWN, WV 9 $1,295,000 $143,889
WATERTOWN-FORT DRUM, NY 11 $1,285,000 $116,818
AMES, IA 9 $1,275,000 $141,667
KOKOMO, IN 12 $1,260,000 $105,000
FLORENCE-MUSCLE SHOALS, AL 10 $1,250,000 $125,000
HARRISONBURG, VA 7 $1,245,000 $177,857
SHEBOYGAN, WI 8 $1,230,000 $153,750
LAWRENCE, KS 9 $1,225,000 $136,111
THE VILLAGES, FL 7 $1,175,000 $167,857
LA CROSSE-ONALASKA, WI-MN 10 $1,170,000 $117,000
CARBONDALE-MARION, IL 9 $1,165,000 $129,444
ROME, GA 7 $1,165,000 $166,429
TERRE HAUTE, IN 14 $1,150,000 $82,143
ERIE, PA 8 $1,140,000 $142,500
MANSFIELD, OH 8 $1,110,000 $138,750
JACKSON, TN 10 $1,110,000 $111,000
CAPE GIRARDEAU, MO-IL 8 $1,100,000 $137,500
MUSKEGON, MI 10 $1,090,000 $109,000
SPRINGFIELD, IL 10 $1,050,000 $105,000
ANNISTON-OXFORD, AL 9 $1,045,000 $116,111
FAIRBANKS, AK 4 $1,000,000 $250,000
LEWISTON-AUBURN, ME 8 $1,000,000 $125,000
TWIN FALLS, ID 8 $980,000 $122,500
SAN RAFAEL, CA 2 $960,000 $480,000
BURLINGTON-SOUTH BURLINGTON, VT 5 $955,000 $191,000
JEFFERSON CITY, MO 8 $900,000 $112,500
DECATUR, IL 10 $850,000 $85,000
TEXARKANA, TX-AR 8 $850,000 $106,250
BECKLEY, WV 7 $845,000 $120,714
IOWA CITY, IA 6 $840,000 $140,000
MISSOULA, MT 4 $810,000 $202,500
GADSDEN, AL 8 $810,000 $101,250
SAN ANGELO, TX 5 $805,000 $161,000
STATE COLLEGE, PA 5 $795,000 $159,000
MANHATTAN, KS 5 $775,000 $155,000
BINGHAMTON, NY 9 $775,000 $86,111
CASPER, WY 5 $755,000 $151,000
CHAMPAIGN-URBANA, IL 8 $740,000 $92,500
BAY CITY, MI 8 $720,000 $90,000
WHEELING, WV-OH 9 $715,000 $79,444
POCATELLO, ID 5 $705,000 $141,000
VICTORIA, TX 6 $700,000 $116,667
ITHACA, NY 4 $670,000 $167,500
ALEXANDRIA, LA 5 $655,000 $131,000
HOT SPRINGS, AR 7 $655,000 $93,571
DULUTH, MN-WI 5 $625,000 $125,000
MUNCIE, IN 7 $625,000 $89,286
ALTOONA, PA 4 $620,000 $155,000
EAU CLAIRE, WI 5 $605,000 $121,000
BLOOMINGTON, IL 4 $570,000 $142,500
WEIRTON-STEUBENVILLE, WV-OH 5 $535,000 $107,000
PINE BLUFF, AR 5 $535,000 $107,000
ST. JOSEPH, MO-KS 5 $525,000 $105,000
DANVILLE, IL 6 $500,000 $83,333
CUMBERLAND, MD-WV 5 $415,000 $83,000
DUBUQUE, IA 4 $370,000 $92,500
ELMIRA, NY 4 $320,000 $80,000
GRAND FORKS, ND-MN 2 $300,000 $150,000
LEWISTON, ID-WA 2 $260,000 $130,000
CORVALLIS, OR 1 $255,000 $255,000
JOHNSTOWN, PA 2 $210,000 $105,000
ENID, OK 2 $140,000 $70,000
GRAND ISLAND, NE 1 $105,000 $105,000
PARKERSBURG-VIENNA, WV 1 $65,000 $65,000

Lendors vary in competitiveness at the per market level-- meaning they may have better terms, deals or promotions based on the mortgaged property's location.

Interest Rate & Spreads

Loan Rate Originations Total Value Average Loan
2.5-3% 140 $31,540,000 $225,286
3-4% 12,120 $2,651,100,000 $218,738
4-5% 16,196 $3,263,530,000 $201,502
5-6% 4,521 $898,705,000 $198,785
6-7% 467 $147,275,000 $315,364
7-8% 443 $139,315,000 $314,481
Over 8% 670 $157,520,000 $235,104

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 4,661 $351,055,000 $75,318
$100k-200k 14,562 $2,169,090,000 $148,956
$200k-400k 12,904 $3,502,450,000 $271,424
$400k-600k 2,013 $935,355,000 $464,657
$600k-1000k 371 $260,595,000 $702,412
$Over $1MM 46 $70,440,000 $1,531,304

Different banks have different objectives. Some banks focus solely on high net worth individuals. Others focus on FHA loans for lower income applicants. Knowing what a bank specializes in allows better optimization given the applicant's financial situation.

LTV Distribution

Loan to Value Originations Total Value Average Loan
20-40% 447 $57,835,000 $129,385
40-60% 2,566 $437,510,000 $170,503
60-80% 10,517 $2,013,795,000 $191,480
80-100% 19,710 $4,442,520,000 $225,394
Over 100% 1,260 $326,120,000 $258,825
Under 20% 27 $2,645,000 $97,963

LTV, or loan-to-value, is the amount loaned relative to a home's value. Lower LTV lending implies a larger downpayment-- reducing risk to the lendor. FHA loans will nearly always have a higher LTV due to the lower downpayment requirements. Higher LTVs may also mean a bank is charging higher fees or interest rates to compensate for their risk exposure.

Applicant Income

Applicant Income Originations Total Value Average Loan
$100k-150k 11 $11,385,000 $1,035,000
$150k-250k 8 $6,150,000 $768,750
$50k-75k 56 $40,000,000 $714,286
$50k-or less 22,008 $4,662,620,000 $211,860
$75k-100k 12 $5,590,000 $465,833
$Over $250k 7 $7,645,000 $1,092,143

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 21,890 $4,438,370,000 $202,758
Not provided 5,687 $1,265,835,000 $222,584
Black 5,759 $1,249,815,000 $217,019
Asian 724 $222,240,000 $306,961
American Indian 305 $55,635,000 $182,410
Native Hawaiian 182 $52,030,000 $285,879
Asian Indian 2 $2,700,000 $1,350,000
Filipino 4 $1,060,000 $265,000
Other Asian 2 $910,000 $455,000
Japanese 1 $235,000 $235,000
Korean 1 $155,000 $155,000

Approval Rates

Total approvals of all applications
90.53%

A high approval rate means banks are more selective in who they market to or that they are loosey-goosey with who they lend to. Low approval rates may mean a lendor is more stringent in their lending standards.

Pick Rate

Approvals leading to origination
68.07%

A bank's pick rate is how often they are chosen by an applicant once approved. A high pick rate typically means the bank has some sort of advantage-- either the best terms (rates/fees), fastest closing time or even the best customer service. Banks with <75% pick rate may need further investigation as to why they are not more competitive.

Points and Fees

Points Originations Total Value Average Loan
NA 34,557 $7,288,985,000 $210,926

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 9,058 $1,937,140,000 $213,860
$1k-2k 8,739 $1,478,315,000 $169,163
$2k-3k 6,121 $1,061,355,000 $173,396
$3k-4k 6,542 $1,394,150,000 $213,108
$5k+ 3,953 $1,379,185,000 $348,896

Banks make money on their float/interest spread (fees charged to borrowers vs fees they pay for their capital), for servicing loans, as well as charging origination fees when a loan is disbursed. Modern low-cost efficient lendors can have fees totaling less than $500 for many mortgages-- as low as $250 in some cases. Average lendors will be in the $1k-2k range and high cost lendors will be even more. The costs incurred by the bank will be similar no matter the loan amount, so this is to be viewed as a profit center for most banks.

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 1,717 $252,885,000 $147,283
Single Family (1-4 Units):Site-Built 32,840 $7,036,100,000 $214,254