United Teletech Financial Mortgage Rates, Fees & Info

TINTON FALLS, NJ

LEI: 549300TR6SGFPJQYJS20

Tax ID: 22-1861352

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 Refi, Home Improvement, and Home Purchase loans. United Teletech Financial has a high proportion of conventional loans. Their top two markets are New York and Trenton .

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

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.36% 12/16/24
    30 Year Cash-out Refi 6.65% 12/16/24
    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.

    United Teletech Financial Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from United Teletech Financial. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    120

    Origination Dollar Volume (All Markets)

    $12,230,000

    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) 119 $12,125,000 $101,891 $919 4.75%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $105,000 $105,000 $0 2.59%
    United Teletech Financial's top markets include New York and Trenton 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 120 $12,230,000 $101,917 $919 4.73%

    For 2018, United Teletech Financial's most frequently originated type of loan was Conventional, with 120 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 57 $6,365,000 $111,667 $573 4.36%
    Home Improvement 45 $2,555,000 $56,778 $469 5.30%
    Home Purchase 8 $2,530,000 $316,250 $4,453 3.48%
    Other 8 $470,000 $58,750 $521 5.35%
    Cash Out Refi 2 $310,000 $155,000 $431 4.91%

    For 2018, United Teletech Financial's most frequently cited loan purpose was Refi, with 57 originations. The 2nd most popular reason was Home Improvement, with 45 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 42 $2,760,000 $65,714 $439 4.79%
    10 Year 40 $4,230,000 $105,750 $604 4.97%
    5 Year 15 $975,000 $65,000 $497 3.74%
    15 Year 14 $1,480,000 $105,714 $604 5.56%
    30 Year 8 $2,530,000 $316,250 $4,453 3.48%
    20 Year 1 $255,000 $255,000 $431 5.56%

    For 2018, United Teletech Financial's most frequently cited loan duration was Other, with 42 originations. The 2nd most popular length was 10 Year, with 40 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 51 $3,975,000 $77,941
    4-5% 31 $2,985,000 $96,290
    3-4% 20 $3,370,000 $168,500
    2.5-3% 8 $1,290,000 $161,250
    6-7% 6 $470,000 $78,333
    7-8% 3 $95,000 $31,667
    <2.5% 1 $45,000 $45,000

    During 2018, United Teletech Financial's average interest rate for loans was 3.48%, while their most frequently originated rate bucket for loans was 5-6%, with 51 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 82 $4,310,000 $52,561 $493 4.92%
    $100k-200k 20 $2,500,000 $125,000 $1,059 4.65%
    $200k-400k 15 $3,885,000 $259,000 $2,240 4.02%
    $400k-600k 2 $930,000 $465,000 $6,080 3.17%
    $600k-1MM 1 $605,000 $605,000 $7,166 4.75%

    2018 saw United Teletech Financial place emphasis on $100,000 or less loans with 82 originations, totaling $4,310,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 44 $5,330,000 $121,136 $1,366 4.63%
    $100k-150k 27 $2,235,000 $82,778 $695 4.98%
    $75k-100k 19 $1,635,000 $86,053 $630 4.20%
    $50k-75k 15 $1,195,000 $79,667 $859 5.17%
    $50k or less 8 $370,000 $46,250 $431 4.83%
    $250k+ 7 $1,465,000 $209,286 $530 4.73%

    United Teletech Financial lent most frequently to those with incomes in the $150k-250k range, with 44 originations. The second most popular income band? $100k-150k, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 31 $3,445,000 $111,129 $846 4.51%
    30-36% 24 $2,030,000 $84,583 $682 4.79%
    42% 8 $980,000 $122,500 $1,444 4.86%
    50-60% 8 $560,000 $70,000 $426 5.35%
    >60% 7 $815,000 $116,429 $431 4.32%
    41% 7 $625,000 $89,286 $432 5.30%
    36% 5 $235,000 $47,000 $478 5.38%
    43% 5 $385,000 $77,000 $731 4.61%
    38% 5 $395,000 $79,000 $1,409 4.42%
    39% 4 $890,000 $222,500 $2,568 4.97%
    <20% 4 $670,000 $167,500 $3,088 3.67%
    37% 3 $235,000 $78,333 $431 3.70%
    40% 3 $655,000 $218,333 $0 3.67%
    45% 2 $60,000 $30,000 $630 5.32%
    47% 2 $80,000 $40,000 $431 5.08%
    46% 1 $125,000 $125,000 $0 6.39%
    48% 1 $45,000 $45,000 $431 7.75%

    United Teletech Financial lent most frequently to those with DTI ratios of 20-30%, with 31 originations. The next most common DTI ratio? 30-36%, with 24 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 52 $5,430,000 $104,423 $1,230 4.81%
    Not provided 36 $3,330,000 $92,500 $525 4.80%
    Black 20 $2,060,000 $103,000 $431 4.84%
    Asian 12 $1,410,000 $117,500 $1,905 3.98%

    Approval Rates

    Total approvals of all applications
    87.01%

    United Teletech Financial has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.00%

    United Teletech Financial has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 120 $12,230,000 $101,917

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 120 $12,230,000 $101,917

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 32 $3,530,000 $110,313 $563 4.86%
    40-60% 7 $1,565,000 $223,571 $2,690 4.09%
    60-80% 11 $3,255,000 $295,909 $3,794 3.73%
    80-100% 1 $305,000 $305,000 $431 5.46%
    Under 20% 69 $3,575,000 $51,812 $504 4.88%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    United Shore Financial Services, LLC Conventional home mortgage Trouble during payment process 11 42.3%
    United Shore Financial Services, LLC VA mortgage Trouble during payment process 2 7.7%
    United Shore Financial Services, LLC FHA mortgage Trouble during payment process 2 7.7%
    United Shore Financial Services, LLC FHA mortgage Closing on a mortgage 1 3.8%
    United Shore Financial Services, LLC Conventional home mortgage Closing on a mortgage 3 11.5%
    United Shore Financial Services, LLC Conventional home mortgage Struggling to pay mortgage 6 23.1%
    United Shore Financial Services, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.8%