Homeside Financial Llc

COLUMBIA, MD 21044

LEI: 549300RN01LBYR8ZVX74

Tax ID: 46-3689142

2019 Data | 2018 Data


Overview

Homeside Financial Llc is a small mortgage company specializing in Home Purchase and Refi loans. Homeside Financial Llc has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Washington, Chicago, Dallas, Columbus, and Davenport among others. They have an 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. Homeside Financial Llc is typically a medium-low fee lendor.


Originations

9,509

Origination Dollar Volume (All Markets)

$2,059,265,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 6,720 $1,402,850,000 $208,757
FHA 2,002 $449,260,000 $224,406
VA 653 $185,745,000 $284,449
USDA 134 $21,410,000 $159,776

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 4,563 $1,040,655,000 $228,064
Refi 2,890 $650,960,000 $225,246
Cash Out Refi 2,056 $367,650,000 $178,818

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
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 891 $285,755,000 $320,713
CHICAGO-NAPERVILLE-EVANSTON, IL 907 $200,555,000 $221,119
DALLAS-PLANO-IRVING, TX 377 $111,445,000 $295,610
Outside of Metro Areas 584 $91,990,000 $157,517
COLUMBUS, OH 412 $78,260,000 $189,951
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 336 $65,950,000 $196,280
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 334 $61,920,000 $185,389
RALEIGH-CARY, NC 256 $61,860,000 $241,641
CHARLOTTE-CONCORD-GASTONIA, NC-SC 278 $59,290,000 $213,273
GREENVILLE-ANDERSON, SC 270 $53,710,000 $198,926
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 120 $42,940,000 $357,833
BALTIMORE-COLUMBIA-TOWSON, MD 169 $40,315,000 $238,550
ELGIN, IL 184 $39,400,000 $214,130
DES MOINES-WEST DES MOINES, IA 178 $35,780,000 $201,011
FORT WORTH-ARLINGTON-GRAPEVINE, TX 86 $26,320,000 $306,047
DURHAM-CHAPEL HILL, NC 116 $26,210,000 $225,948
SALISBURY, MD-DE 104 $24,640,000 $236,923
LAKE COUNTY-KENOSHA COUNTY, IL-WI 95 $22,595,000 $237,842
HICKORY-LENOIR-MORGANTON, NC 121 $20,015,000 $165,413
WINSTON-SALEM, NC 117 $19,955,000 $170,556
TAMPA-ST. PETERSBURG-CLEARWATER, FL 115 $19,695,000 $171,261
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 77 $17,695,000 $229,805
WILMINGTON, NC 70 $17,150,000 $245,000
DENVER-AURORA-LAKEWOOD, CO 69 $16,675,000 $241,667
CANTON-MASSILLON, OH 97 $15,115,000 $155,825
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 69 $15,025,000 $217,754
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 60 $14,580,000 $243,000
PHOENIX-MESA-CHANDLER, AZ 67 $13,725,000 $204,851
CINCINNATI, OH-KY-IN 83 $13,365,000 $161,024
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 48 $12,320,000 $256,667
NEW BRUNSWICK-LAKEWOOD, NJ 50 $12,250,000 $245,000
SHREVEPORT-BOSSIER CITY, LA 54 $11,850,000 $219,444
NEWARK, NJ-PA 45 $11,405,000 $253,444
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 39 $10,815,000 $277,308
ORLANDO-KISSIMMEE-SANFORD, FL 57 $10,455,000 $183,421
SPARTANBURG, SC 57 $10,445,000 $183,246
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 55 $10,085,000 $183,364
RICHMOND, VA 49 $10,045,000 $205,000
GREENSBORO-HIGH POINT, NC 69 $9,965,000 $144,420
OAKLAND-BERKELEY-LIVERMORE, CA 22 $9,840,000 $447,273
SALEM, OR 36 $9,610,000 $266,944
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 30 $9,490,000 $316,333
WARREN-TROY-FARMINGTON HILLS, MI 58 $9,030,000 $155,690
INDIANAPOLIS-CARMEL-ANDERSON, IN 58 $8,780,000 $151,379
STATE COLLEGE, PA 37 $8,725,000 $235,811
CHARLESTON-NORTH CHARLESTON, SC 38 $8,660,000 $227,895
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 36 $8,390,000 $233,056
JACKSONVILLE, FL 39 $8,105,000 $207,821
GARY, IN 45 $7,805,000 $173,444
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 37 $7,795,000 $210,676
AKRON, OH 56 $7,440,000 $132,857
MILWAUKEE-WAUKESHA, WI 36 $7,400,000 $205,556
MIAMI-MIAMI BEACH-KENDALL, FL 24 $7,370,000 $307,083
CLEVELAND-ELYRIA, OH 49 $7,275,000 $148,469
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 29 $7,175,000 $247,414
LOS ANGELES-LONG BEACH-GLENDALE, CA 22 $6,760,000 $307,273
FAYETTEVILLE, NC 39 $6,475,000 $166,026
PITTSBURGH, PA 39 $6,315,000 $161,923
KNOXVILLE, TN 42 $6,180,000 $147,143
KANSAS CITY, MO-KS 39 $6,155,000 $157,821
CAMDEN, NJ 33 $6,035,000 $182,879
ST. LOUIS, MO-IL 32 $5,680,000 $177,500
ATHENS-CLARKE COUNTY, GA 31 $5,635,000 $181,774
COLORADO SPRINGS, CO 20 $5,490,000 $274,500
NORTH PORT-SARASOTA-BRADENTON, FL 24 $5,220,000 $217,500
BURLINGTON, NC 24 $5,050,000 $210,417
PHILADELPHIA, PA 30 $4,930,000 $164,333
LOUISVILLE/JEFFERSON COUNTY, KY-IN 26 $4,780,000 $183,846
COLUMBIA, SC 30 $4,660,000 $155,333
DETROIT-DEARBORN-LIVONIA, MI 28 $4,580,000 $163,571
CAPE CORAL-FORT MYERS, FL 22 $4,060,000 $184,545
WINCHESTER, VA-WV 17 $4,035,000 $237,353
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 16 $3,940,000 $246,250
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 10 $3,930,000 $393,000
SACRAMENTO-ROSEVILLE-FOLSOM, CA 14 $3,880,000 $277,143
CHATTANOOGA, TN-GA 24 $3,850,000 $160,417
MONROE, LA 29 $3,605,000 $124,310
BIRMINGHAM-HOOVER, AL 28 $3,570,000 $127,500
BAKERSFIELD, CA 16 $3,560,000 $222,500
MEMPHIS, TN-MS-AR 24 $3,540,000 $147,500
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 20 $3,520,000 $176,000
JACKSONVILLE, NC 13 $3,235,000 $248,846
CALIFORNIA-LEXINGTON PARK, MD 9 $3,145,000 $349,444
PALM BAY-MELBOURNE-TITUSVILLE, FL 14 $3,110,000 $222,143
WILMINGTON, DE-MD-NJ 18 $3,110,000 $172,778
NEW ORLEANS-METAIRIE, LA 17 $2,905,000 $170,882
ANAHEIM-SANTA ANA-IRVINE, CA 8 $2,900,000 $362,500
HILTON HEAD ISLAND-BLUFFTON, SC 11 $2,845,000 $258,636
PORT ST. LUCIE, FL 16 $2,840,000 $177,500
ASHEVILLE, NC 11 $2,825,000 $256,818
EAST STROUDSBURG, PA 19 $2,745,000 $144,474
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 15 $2,705,000 $180,333
BRIDGEPORT-STAMFORD-NORWALK, CT 11 $2,555,000 $232,273
HAMMOND, LA 16 $2,530,000 $158,125
HUNTSVILLE, AL 19 $2,465,000 $129,737
ROCKFORD, IL 17 $2,445,000 $143,824
AUGUSTA-RICHMOND COUNTY, GA-SC 17 $2,425,000 $142,647
LAKELAND-WINTER HAVEN, FL 16 $2,380,000 $148,750
GREELEY, CO 9 $2,335,000 $259,444
TULSA, OK 17 $2,305,000 $135,588
SAVANNAH, GA 13 $2,305,000 $177,308
HAGERSTOWN-MARTINSBURG, MD-WV 11 $2,285,000 $207,727
LANCASTER, PA 12 $2,280,000 $190,000
AMES, IA 12 $2,240,000 $186,667
EUGENE-SPRINGFIELD, OR 11 $2,235,000 $203,182
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 12 $2,200,000 $183,333
FORT COLLINS, CO 11 $2,135,000 $194,091
TOLEDO, OH 11 $2,055,000 $186,818
NILES, MI 11 $1,965,000 $178,636
SAN ANTONIO-NEW BRAUNFELS, TX 6 $1,890,000 $315,000
BOULDER, CO 5 $1,885,000 $377,000
GRAND RAPIDS-KENTWOOD, MI 9 $1,825,000 $202,778
YORK-HANOVER, PA 10 $1,730,000 $173,000
TRENTON-PRINCETON, NJ 9 $1,695,000 $188,333
GAINESVILLE, GA 9 $1,665,000 $185,000
DOVER, DE 9 $1,655,000 $183,889
OKLAHOMA CITY, OK 13 $1,655,000 $127,308
BATON ROUGE, LA 11 $1,645,000 $149,545
OMAHA-COUNCIL BLUFFS, NE-IA 8 $1,530,000 $191,250
LEXINGTON-FAYETTE, KY 11 $1,515,000 $137,727
HARRISBURG-CARLISLE, PA 9 $1,465,000 $162,778
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 4 $1,440,000 $360,000
SALINAS, CA 4 $1,430,000 $357,500
WARNER ROBINS, GA 10 $1,410,000 $141,000
NEW HAVEN-MILFORD, CT 9 $1,395,000 $155,000
ALBANY-LEBANON, OR 5 $1,395,000 $279,000
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 2 $1,330,000 $665,000
DAYTON-KETTERING, OH 9 $1,325,000 $147,222
SCRANTON--WILKES-BARRE, PA 7 $1,305,000 $186,429
PENSACOLA-FERRY PASS-BRENT, FL 12 $1,270,000 $105,833
SPRINGFIELD, OH 6 $1,270,000 $211,667
NAPLES-MARCO ISLAND, FL 4 $1,250,000 $312,500
SANTA MARIA-SANTA BARBARA, CA 5 $1,205,000 $241,000
TALLAHASSEE, FL 8 $1,180,000 $147,500
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 11 $1,155,000 $105,000
STAUNTON, VA 6 $1,120,000 $186,667
CEDAR RAPIDS, IA 5 $1,115,000 $223,000
HUNTINGTON-ASHLAND, WV-KY-OH 13 $1,095,000 $84,231
ROANOKE, VA 5 $1,045,000 $209,000
OSHKOSH-NEENAH, WI 8 $1,030,000 $128,750
CHAMBERSBURG-WAYNESBORO, PA 6 $1,020,000 $170,000
ATLANTIC CITY-HAMMONTON, NJ 5 $1,005,000 $201,000
ALEXANDRIA, LA 7 $975,000 $139,286
PANAMA CITY, FL 5 $975,000 $195,000
SPRINGFIELD, MO 9 $955,000 $106,111
HOMOSASSA SPRINGS, FL 5 $955,000 $191,000
PEORIA, IL 7 $955,000 $136,429
MOBILE, AL 7 $945,000 $135,000
STOCKTON, CA 3 $935,000 $311,667
HARRISONBURG, VA 6 $920,000 $153,333
DAPHNE-FAIRHOPE-FOLEY, AL 6 $910,000 $151,667
JACKSON, TN 5 $865,000 $173,000
MADISON, WI 5 $865,000 $173,000
AUSTIN-ROUND ROCK-GEORGETOWN, TX 4 $860,000 $215,000
MONTGOMERY, AL 6 $850,000 $141,667
PUNTA GORDA, FL 5 $845,000 $169,000
FORT WAYNE, IN 7 $845,000 $120,714
OXNARD-THOUSAND OAKS-VENTURA, CA 2 $830,000 $415,000
TOPEKA, KS 6 $790,000 $131,667
WICHITA, KS 7 $785,000 $112,143
MANHATTAN, KS 4 $780,000 $195,000
LIMA, OH 5 $765,000 $153,000
FRESNO, CA 4 $760,000 $190,000
CLARKSVILLE, TN-KY 4 $760,000 $190,000
GREEN BAY, WI 5 $755,000 $151,000
JANESVILLE-BELOIT, WI 9 $735,000 $81,667
MANSFIELD, OH 5 $735,000 $147,000
LANSING-EAST LANSING, MI 6 $710,000 $118,333
LAFAYETTE, LA 4 $700,000 $175,000
BEND, OR 4 $700,000 $175,000
MICHIGAN CITY-LA PORTE, IN 4 $670,000 $167,500
BLOOMINGTON, IL 4 $670,000 $167,500
GAINESVILLE, FL 5 $665,000 $133,000
CHARLOTTESVILLE, VA 5 $665,000 $133,000
SANTA ROSA-PETALUMA, CA 2 $660,000 $330,000
READING, PA 4 $660,000 $165,000
CHICO, CA 3 $635,000 $211,667
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 2 $630,000 $315,000
ROCKY MOUNT, NC 6 $630,000 $105,000
VALDOSTA, GA 4 $620,000 $155,000
CHAMPAIGN-URBANA, IL 4 $610,000 $152,500
HOUMA-THIBODAUX, LA 5 $605,000 $121,000
VISALIA, CA 2 $600,000 $300,000
MERCED, CA 2 $590,000 $295,000
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 5 $575,000 $115,000
TYLER, TX 2 $570,000 $285,000
CORPUS CHRISTI, TX 2 $560,000 $280,000
BRUNSWICK, GA 5 $555,000 $111,000
APPLETON, WI 5 $555,000 $111,000
THE VILLAGES, FL 3 $545,000 $181,667
YUBA CITY, CA 2 $540,000 $270,000
KANKAKEE, IL 4 $520,000 $130,000
MIDLAND, MI 3 $505,000 $168,333
EAU CLAIRE, WI 4 $490,000 $122,500
DECATUR, IL 2 $470,000 $235,000
PUEBLO, CO 3 $465,000 $155,000
SAN LUIS OBISPO-PASO ROBLES, CA 2 $460,000 $230,000
SANTA CRUZ-WATSONVILLE, CA 1 $435,000 $435,000
NEW BERN, NC 2 $430,000 $215,000
BLOOMINGTON, IN 3 $425,000 $141,667
NORWICH-NEW LONDON, CT 2 $420,000 $210,000
RACINE, WI 3 $415,000 $138,333
ANN ARBOR, MI 4 $410,000 $102,500
WILLIAMSPORT, PA 4 $400,000 $100,000
OCALA, FL 4 $400,000 $100,000
DALTON, GA 2 $400,000 $200,000
LAKE CHARLES, LA 4 $390,000 $97,500
MACON-BIBB COUNTY, GA 4 $390,000 $97,500
MADERA, CA 3 $385,000 $128,333
ELIZABETHTOWN-FORT KNOX, KY 2 $380,000 $190,000
IOWA CITY, IA 1 $375,000 $375,000
COLLEGE STATION-BRYAN, TX 2 $370,000 $185,000
FORT SMITH, AR-OK 1 $365,000 $365,000
GRAND JUNCTION, CO 2 $360,000 $180,000
MODESTO, CA 2 $350,000 $175,000
ALBANY, GA 2 $340,000 $170,000
BEAUMONT-PORT ARTHUR, TX 2 $340,000 $170,000
MONROE, MI 3 $335,000 $111,667
DULUTH, MN-WI 3 $335,000 $111,667
JACKSON, MI 3 $335,000 $111,667
COLUMBUS, GA-AL 3 $335,000 $111,667
SEBASTIAN-VERO BEACH, FL 2 $330,000 $165,000
SEBRING-AVON PARK, FL 1 $325,000 $325,000
CORVALLIS, OR 1 $325,000 $325,000
ANNISTON-OXFORD, AL 2 $320,000 $160,000
GETTYSBURG, PA 1 $315,000 $315,000
SPRINGFIELD, IL 2 $310,000 $155,000
TUSCALOOSA, AL 3 $305,000 $101,667
REDDING, CA 1 $295,000 $295,000
SOUTH BEND-MISHAWAKA, IN-MI 3 $295,000 $98,333
GULFPORT-BILOXI, MS 1 $285,000 $285,000
WAUSAU-WESTON, WI 3 $285,000 $95,000
MUNCIE, IN 1 $285,000 $285,000
KINGSPORT-BRISTOL, TN-VA 2 $280,000 $140,000
ERIE, PA 2 $280,000 $140,000
VALLEJO, CA 1 $275,000 $275,000
SEATTLE-BELLEVUE-KENT, WA 1 $275,000 $275,000
ODESSA, TX 2 $270,000 $135,000
FLORENCE-MUSCLE SHOALS, AL 1 $265,000 $265,000
VINELAND-BRIDGETON, NJ 3 $265,000 $88,333
LONGVIEW, WA 1 $265,000 $265,000
OCEAN CITY, NJ 1 $265,000 $265,000
CAPE GIRARDEAU, MO-IL 2 $260,000 $130,000
MUSKEGON, MI 2 $260,000 $130,000
SUMTER, SC 2 $250,000 $125,000
FLORENCE, SC 3 $245,000 $81,667
FLAGSTAFF, AZ 1 $235,000 $235,000
JOHNSON CITY, TN 1 $235,000 $235,000
LONGVIEW, TX 1 $235,000 $235,000
GRANTS PASS, OR 2 $230,000 $115,000
ST. CLOUD, MN 1 $225,000 $225,000
CLEVELAND, TN 2 $220,000 $110,000
ELKHART-GOSHEN, IN 2 $210,000 $105,000
WORCESTER, MA-CT 2 $210,000 $105,000
BOWLING GREEN, KY 2 $200,000 $100,000
AUBURN-OPELIKA, AL 2 $200,000 $100,000
HINESVILLE, GA 2 $200,000 $100,000
TUCSON, AZ 2 $200,000 $100,000
MORRISTOWN, TN 1 $195,000 $195,000
EVANSVILLE, IN-KY 3 $195,000 $65,000
WATERLOO-CEDAR FALLS, IA 1 $185,000 $185,000
LYNCHBURG, VA 1 $185,000 $185,000
JOPLIN, MO 2 $170,000 $85,000
CUMBERLAND, MD-WV 1 $165,000 $165,000
FOND DU LAC, WI 1 $155,000 $155,000
GOLDSBORO, NC 1 $155,000 $155,000
ROME, GA 1 $155,000 $155,000
SIERRA VISTA-DOUGLAS, AZ 1 $155,000 $155,000
FLINT, MI 1 $145,000 $145,000
LAFAYETTE-WEST LAFAYETTE, IN 1 $145,000 $145,000
ABILENE, TX 1 $145,000 $145,000
SAGINAW, MI 1 $145,000 $145,000
MIDLAND, TX 1 $135,000 $135,000
LAREDO, TX 1 $135,000 $135,000
DANVILLE, IL 2 $130,000 $65,000
GREENVILLE, NC 1 $125,000 $125,000
LAKE HAVASU CITY-KINGMAN, AZ 1 $125,000 $125,000
ALTOONA, PA 1 $125,000 $125,000
SIOUX CITY, IA-NE-SD 1 $125,000 $125,000
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 1 $125,000 $125,000
BLACKSBURG-CHRISTIANSBURG, VA 1 $125,000 $125,000
DECATUR, AL 2 $120,000 $60,000
KALAMAZOO-PORTAGE, MI 1 $105,000 $105,000
GADSDEN, AL 1 $95,000 $95,000
COLUMBUS, IN 1 $65,000 $65,000
CARBONDALE-MARION, IL 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% 79 $455,000 $5,759
2.5-3% 18 $5,530,000 $307,222
3-4% 2,501 $646,535,000 $258,511
4-5% 4,063 $952,375,000 $234,402
5-6% 1,927 $375,285,000 $194,751
6-7% 813 $70,895,000 $87,202
7-8% 107 $7,995,000 $74,720
Over 8% 1 $195,000 $195,000

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 1,541 $97,685,000 $63,391
$100k-200k 3,263 $494,295,000 $151,485
$200k-400k 3,987 $1,106,765,000 $277,593
$400k-600k 609 $281,045,000 $461,486
$600k-1000k 102 $71,060,000 $696,667
$Over $1MM 7 $8,415,000 $1,202,143

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% 864 $82,980,000 $96,042
40-60% 509 $104,305,000 $204,921
60-80% 2,834 $687,080,000 $242,442
80-100% 4,667 $1,117,335,000 $239,412
Over 100% 135 $39,755,000 $294,481
Under 20% 500 $27,810,000 $55,620

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 2,330 $557,530,000 $239,283
$150k-250k 1,260 $364,800,000 $289,524
$50k-75k 2,249 $405,575,000 $180,336
$50k-or less 1,390 $201,610,000 $145,043
$75k-100k 1,928 $402,000,000 $208,506
$Over $250k 352 $127,750,000 $362,926

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 7,232 $1,545,030,000 $213,638
Not provided 1,174 $257,930,000 $219,702
Black 830 $189,210,000 $227,964
Asian 237 $61,215,000 $258,291
American Indian 25 $4,175,000 $167,000
Native Hawaiian 11 $1,705,000 $155,000

Approval Rates

Total approvals of all applications
88.17%

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
41.26%

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 9,509 $2,059,265,000 $216,560

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 1,375 $275,505,000 $200,367
$1k-2k 3,219 $739,325,000 $229,675
$2k-3k 958 $197,960,000 $206,639
$3k-4k 1,687 $383,465,000 $227,306
$5k+ 1,219 $376,455,000 $308,823

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 13 $2,115,000 $162,692
Single Family (1-4 Units):Site-Built 9,496 $2,057,150,000 $216,633