United Teletech Financial Mortgage Rates, Fees & Info
TINTON FALLS, NJLEI: 549300TR6SGFPJQYJS20
Tax ID: 22-1861352
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
United Teletech Financial is a smaller mortgage company specializing in Home Improvement loans. United Teletech Financial has a high proportion of conventional loans. Their top markets by origination volume include: New York, Trenton, Atlantic City, and Philadelphia among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)United Teletech Financial 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. 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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
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
226Origination Dollar Volume (All Markets)
$24,430,000Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 221 | $23,835,000 | $107,851 | $0 | 3.28% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $0 | 3.04% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 2.99% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 226 | $24,430,000 | $108,097 | $0 | 3.27% |
For 2021, United Teletech Financial's most frequently originated type of loan was Conventional, with 226 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 223 | $24,415,000 | $109,484 | $0 | 3.28% |
| Home Purchase | 3 | $15,000 | $5,000 | $0 | 3.00% |
For 2021, United Teletech Financial's most frequently cited loan purpose was Home Improvement, with 223 originations. The 2nd most popular reason was Home Purchase, with 3 originations.
Loan Duration/Length
For 2021, United Teletech Financial's most frequently cited loan duration was 10 Year, with 117 originations. The 2nd most popular length was 15 Year, with 42 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 93 | $7,265,000 | $78,118 |
| 2.5-3% | 56 | $5,960,000 | $106,429 |
| <2.5% | 41 | $7,715,000 | $188,171 |
| 4-5% | 33 | $3,375,000 | $102,273 |
| 5-6% | 3 | $115,000 | $38,333 |
During 2021, United Teletech Financial's average interest rate for loans was 3.00%, while their most frequently originated rate bucket for loans was 3-4%, with 93 originations.
Loan Sizing
2021 saw United Teletech Financial place emphasis on $100,000 or less loans with 133 originations, totaling $6,445,000 in origination value.
Applicant Income
United Teletech Financial lent most frequently to those with incomes in the $150k-250k range, with 73 originations. The second most popular income band? $100k-150k, with 62 originations.
Applicant Debt to Income Ratio
United Teletech Financial lent most frequently to those with DTI ratios of 20-30%, with 47 originations. The next most common DTI ratio? 30-36%, with 46 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.24%
United Teletech Financial has an average approval rate.
Pick Rate
Approvals leading to origination83.63%
United Teletech Financial has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 226 | $24,430,000 | $108,097 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| United Shore Financial Services, LLC | Conventional home mortgage | Closing on a mortgage | 12 | 6.0% |
| United Shore Financial Services, LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 8 | 4.0% |
| United Shore Financial Services, LLC | VA mortgage | Trouble during payment process | 12 | 6.0% |
| United Shore Financial Services, LLC | FHA mortgage | Struggling to pay mortgage | 5 | 2.5% |
| United Shore Financial Services, LLC | FHA mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 0.5% |
| United Shore Financial Services, LLC | FHA mortgage | Incorrect information on your report | 1 | 0.5% |
| United Shore Financial Services, LLC | FHA mortgage | Credit monitoring or identity theft protection services | 1 | 0.5% |
| United Shore Financial Services, LLC | FHA mortgage | Closing on a mortgage | 3 | 1.5% |
| United Shore Financial Services, LLC | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 1.5% |
| United Shore Financial Services, LLC | Conventional home mortgage | Trouble during payment process | 119 | 59.5% |
| United Shore Financial Services, LLC | Conventional home mortgage | Struggling to pay mortgage | 10 | 5.0% |
| United Shore Financial Services, LLC | Conventional home mortgage | Problem with a credit reporting company's investigation into an existing problem | 2 | 1.0% |
| United Shore Financial Services, LLC | Conventional home mortgage | Incorrect information on your report | 3 | 1.5% |
| United Shore Financial Services, LLC | VA mortgage | Struggling to pay mortgage | 2 | 1.0% |
| United Shore Financial Services, LLC | VA mortgage | Closing on a mortgage | 2 | 1.0% |
| United Shore Financial Services, LLC | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 1.5% |
| United Shore Financial Services, LLC | Other type of mortgage | Closing on a mortgage | 1 | 0.5% |
| United Shore Financial Services, LLC | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 1.5% |
| United Shore Financial Services, LLC | FHA mortgage | Trouble during payment process | 9 | 4.5% |