United Teletech Financial Mortgage Rates, Fees & Info

TINTON FALLS, NJ

LEI: 549300TR6SGFPJQYJS20

Tax ID: 22-1861352

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    United Teletech Financial is a smaller mortgage company specializing in Other and Home Improvement loans. United Teletech Financial has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top two markets are New York and Philadelphia .

    United Teletech Financial has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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    Originations

    113

    Origination Dollar Volume (All Markets)

    $9,455,000

    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
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 111 $9,125,000 $82,207 $0 8.25%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $330,000 $165,000 $0 8.63%
    United Teletech Financial's top markets include New York and Philadelphia among others.

    Their top states include:
  • New Jersey (FHA|USDA|VA)
  • New York (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 112 $9,250,000 $82,589 $0 8.27%
    FHA 1 $205,000 $205,000 $0 7.00%

    For 2024, United Teletech Financial's most frequently originated type of loan was Conventional, with 112 originations. Their 2nd most popular type was FHA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 57 $4,895,000 $85,877 $0 8.29%
    Home Improvement 55 $4,475,000 $81,364 $0 8.25%
    Home Purchase 1 $85,000 $85,000 $0 7.00%

    For 2024, United Teletech Financial's most frequently cited loan purpose was Other, with 57 originations. The 2nd most popular reason was Home Improvement, with 55 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 64 $7,210,000 $112,656 $0 8.45%
    Other 35 $1,585,000 $45,286 $0 8.01%
    5 Year 14 $660,000 $47,143 $0 7.98%

    For 2024, United Teletech Financial's most frequently cited loan duration was 10 Year, with 64 originations. The 2nd most popular length was Other, with 35 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 50 $3,860,000 $77,200
    6-7% 42 $3,520,000 $83,810
    7-8% 21 $2,075,000 $98,810

    During 2024, United Teletech Financial's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 50 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 79 $3,875,000 $49,051 $0 8.28%
    $100k-200k 25 $3,125,000 $125,000 $0 8.40%
    $200k-400k 8 $2,020,000 $252,500 $0 7.50%
    $400k-600k 1 $435,000 $435,000 $0 9.00%

    2024 saw United Teletech Financial place emphasis on $100,000 or less loans with 79 originations, totaling $3,875,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 47 $3,785,000 $80,532 $0 8.15%
    $100k-150k 29 $1,895,000 $65,345 $0 8.28%
    $250k+ 17 $2,305,000 $135,588 $0 7.99%
    $75k-100k 11 $1,125,000 $102,273 $0 8.36%
    $50k or less 5 $175,000 $35,000 $0 8.95%
    $50k-75k 4 $170,000 $42,500 $0 9.44%

    United Teletech Financial lent most frequently to those with incomes in the $150k-250k range, with 47 originations. The second most popular income band? $100k-150k, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 23 $1,965,000 $85,435 $0 7.93%
    20-30% 23 $1,705,000 $74,130 $0 7.43%
    42% 11 $1,045,000 $95,000 $0 8.39%
    37% 6 $320,000 $53,333 $0 9.13%
    43% 5 $505,000 $101,000 $0 8.10%
    41% 5 $505,000 $101,000 $0 9.60%
    38% 5 $595,000 $119,000 $0 8.60%
    >60% 4 $540,000 $135,000 $0 9.94%
    40% 4 $240,000 $60,000 $0 7.75%
    45% 4 $320,000 $80,000 $0 9.13%
    47% 4 $230,000 $57,500 $0 9.94%
    48% 4 $520,000 $130,000 $0 8.13%
    <20% 4 $200,000 $50,000 $0 7.00%
    46% 3 $355,000 $118,333 $0 8.50%
    39% 3 $175,000 $58,333 $0 7.83%
    36% 2 $140,000 $70,000 $0 8.25%
    49% 1 $25,000 $25,000 $0 10.25%
    44% 1 $35,000 $35,000 $0 9.00%
    50-60% 1 $35,000 $35,000 $0 9.00%

    United Teletech Financial lent most frequently to those with DTI ratios of 30-36%, with 23 originations. The next most common DTI ratio? 20-30%, with 23 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 113 $9,455,000 $83,673 $0 8.26%

    Approval Rates

    Total approvals of all applications
    75.47%

    United Teletech Financial has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    95.58%

    United Teletech Financial has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 113 $9,455,000 $83,673

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    113 $9,455,000 $83,673

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $2,500,000 $156,250 $0 8.19%
    40-60% 3 $695,000 $231,667 $0 7.67%
    80-100% 1 $435,000 $435,000 $0 9.00%
    Under 20% 93 $5,825,000 $62,634 $0 8.28%