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 Home Improvement loans. United Teletech Financial has a high proportion of conventional loans. Their top markets by origination volume include: New York, Trenton, Philadelphia, and Atlantic City 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 average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. United Teletech Financial is typically a high 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.

    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

    203

    Origination Dollar Volume (All Markets)

    $19,495,000

    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) 195 $18,825,000 $96,538 $10,908 4.53%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 4 $390,000 $97,500 $0 4.59%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $175,000 $58,333 $0 4.08%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.00%
    United Teletech Financial's top markets include New York, Trenton, Philadelphia, and Atlantic City 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 203 $19,495,000 $96,034 $10,908 4.53%

    For 2022, United Teletech Financial's most frequently originated type of loan was Conventional, with 203 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 196 $17,240,000 $87,959 $0 4.52%
    Home Purchase 5 $1,755,000 $351,000 $12,509 4.68%
    Cash Out Refi 2 $500,000 $250,000 $6,905 4.56%

    For 2022, United Teletech Financial's most frequently cited loan purpose was Home Improvement, with 196 originations. The 2nd most popular reason was Home Purchase, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 137 $13,955,000 $101,861 $0 4.47%
    5 Year 31 $1,365,000 $44,032 $0 4.50%
    Other 27 $1,695,000 $62,778 $0 4.84%
    30 Year 7 $2,255,000 $322,143 $10,908 4.64%
    15 Year 1 $225,000 $225,000 $0 3.50%

    For 2022, United Teletech Financial's most frequently cited loan duration was 10 Year, with 137 originations. The 2nd most popular length was 5 Year, with 31 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 7 $2,255,000 $322,143

    United Teletech Financial's average total fees were $10,908, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 7 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 72 $6,370,000 $88,472
    4-5% 55 $5,155,000 $93,727
    5-6% 29 $2,465,000 $85,000
    6-7% 19 $1,305,000 $68,684
    2.5-3% 18 $3,020,000 $167,778
    <2.5% 4 $800,000 $200,000
    7-8% 4 $300,000 $75,000
    Over 8% 2 $80,000 $40,000

    During 2022, United Teletech Financial's average interest rate for loans was 4.64%, while their most frequently originated rate bucket for loans was 3-4%, with 72 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 137 $6,775,000 $49,453 $0 4.77%
    $100k-200k 42 $5,420,000 $129,048 $7,110 4.03%
    $200k-400k 20 $5,440,000 $272,000 $11,044 4.15%
    $400k-600k 4 $1,860,000 $465,000 $12,536 3.19%

    2022 saw United Teletech Financial place emphasis on $100,000 or less loans with 137 originations, totaling $6,775,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 67 $7,315,000 $109,179 $11,249 4.51%
    $100k-150k 64 $5,730,000 $89,531 $11,532 4.25%
    $75k-100k 33 $2,165,000 $65,606 $12,061 4.95%
    $50k-75k 20 $1,320,000 $66,000 $9,508 5.11%
    $250k+ 17 $2,875,000 $169,118 $0 4.19%
    $50k or less 2 $90,000 $45,000 $0 4.00%

    United Teletech Financial lent most frequently to those with incomes in the $150k-250k range, with 67 originations. The second most popular income band? $100k-150k, with 64 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 84 $7,790,000 $92,738 $13,540 4.60%
    20-30% 28 $2,700,000 $96,429 $0 3.60%
    30-36% 21 $1,515,000 $72,143 $0 4.44%
    43% 9 $1,795,000 $199,444 $11,833 5.02%
    39% 7 $575,000 $82,143 $0 4.98%
    42% 6 $800,000 $133,333 $0 4.40%
    38% 6 $1,040,000 $173,333 $10,104 4.29%
    50-60% 6 $650,000 $108,333 $0 4.52%
    49% 5 $415,000 $83,000 $0 4.03%
    41% 5 $215,000 $43,000 $0 4.95%
    40% 4 $310,000 $77,500 $0 3.63%
    44% 4 $360,000 $90,000 $0 5.69%
    48% 3 $125,000 $41,667 $0 5.38%
    >60% 3 $195,000 $65,000 $0 8.79%
    37% 3 $225,000 $75,000 $0 4.67%
    45% 3 $255,000 $85,000 $7,110 4.21%
    36% 3 $165,000 $55,000 $0 4.71%
    46% 2 $80,000 $40,000 $0 4.25%
    47% 1 $285,000 $285,000 $0 5.00%

    United Teletech Financial lent most frequently to those with DTI ratios of <20%, with 84 originations. The next most common DTI ratio? 20-30%, with 28 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 159 $14,295,000 $89,906 $0 4.57%
    White 33 $3,025,000 $91,667 $10,756 4.30%
    Asian 6 $1,070,000 $178,333 $12,536 4.71%
    Black 3 $555,000 $185,000 $9,508 5.38%
    Not applicable 2 $550,000 $275,000 $0 3.13%

    Approval Rates

    Total approvals of all applications
    89.29%

    United Teletech Financial has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.61%

    United Teletech Financial has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 193 $17,035,000 $88,264
    NA 10 $2,460,000 $246,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    203 $19,495,000 $96,034

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 28 $4,630,000 $165,357 $13,508 4.24%
    40-60% 8 $2,360,000 $295,000 $6,700 3.64%
    60-80% 8 $2,620,000 $327,500 $11,061 3.73%
    80-100% 1 $345,000 $345,000 $11,905 5.88%
    Under 20% 158 $9,540,000 $60,380 $0 4.65%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    United Shore Financial Services, LLC Conventional home mortgage Closing on a mortgage 1 33.3%
    United Shore Financial Services, LLC Conventional home mortgage Trouble during payment process 2 66.7%