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
  • 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 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.

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    Originations

    226

    Origination Dollar Volume (All Markets)

    $24,430,000

    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) 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%
    United Teletech Financial's top markets include New York, Trenton, Atlantic City, and Philadelphia among others.

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

    • 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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 117 $13,765,000 $117,650 $0 3.16%
    15 Year 42 $6,080,000 $144,762 $0 3.98%
    Other 37 $3,505,000 $94,730 $0 2.84%
    5 Year 27 $1,065,000 $39,444 $0 3.29%
    30 Year 3 $15,000 $5,000 $0 3.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 133 $6,445,000 $48,459 $0 3.56%
    $100k-200k 54 $7,290,000 $135,000 $0 2.87%
    $200k-400k 36 $9,390,000 $260,833 $0 2.86%
    $400k-600k 3 $1,305,000 $435,000 $0 2.87%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 73 $10,815,000 $148,151 $0 3.10%
    $100k-150k 62 $5,860,000 $94,516 $0 3.26%
    $75k-100k 32 $2,400,000 $75,000 $0 3.53%
    $50k-75k 28 $2,060,000 $73,571 $0 3.47%
    $250k+ 24 $2,720,000 $113,333 $0 2.99%
    $50k or less 7 $575,000 $82,143 $0 4.29%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 47 $4,855,000 $103,298 $0 3.06%
    30-36% 46 $4,500,000 $97,826 $0 3.23%
    50-60% 18 $1,810,000 $100,556 $0 3.55%
    41% 17 $1,795,000 $105,588 $0 3.42%
    39% 14 $2,420,000 $172,857 $0 3.24%
    <20% 13 $1,475,000 $113,462 $0 2.93%
    40% 11 $1,035,000 $94,091 $0 3.03%
    38% 7 $505,000 $72,143 $0 3.68%
    37% 7 $455,000 $65,000 $0 3.11%
    47% 7 $675,000 $96,429 $0 3.23%
    >60% 6 $900,000 $150,000 $0 3.40%
    43% 6 $830,000 $138,333 $0 3.77%
    42% 5 $725,000 $145,000 $0 2.62%
    45% 5 $325,000 $65,000 $0 3.90%
    44% 4 $410,000 $102,500 $0 3.56%
    36% 4 $290,000 $72,500 $0 3.34%
    48% 3 $375,000 $125,000 $0 4.25%
    46% 3 $605,000 $201,667 $0 3.62%
    49% 3 $445,000 $148,333 $0 3.92%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 218 $23,520,000 $107,890 $0 3.29%
    Asian 2 $500,000 $250,000 $0 2.99%
    Asian Indian 1 $185,000 $185,000 $0 1.88%
    Black 1 $145,000 $145,000 $0 2.99%
    White 3 $45,000 $15,000 $0 3.38%
    Not applicable 1 $35,000 $35,000 $0 2.99%

    Approval Rates

    Total approvals of all applications
    90.24%

    United Teletech Financial has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.63%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    226 $24,430,000 $108,097

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 43 $6,945,000 $161,512 $0 3.01%
    40-60% 16 $4,330,000 $270,625 $0 2.58%
    60-80% 19 $4,535,000 $238,684 $0 3.02%
    80-100% 1 $305,000 $305,000 $0 1.88%
    Under 20% 147 $8,315,000 $56,565 $0 3.47%

    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%