Compass Mortgage Rates, Fees & Info
WINFIELD, ILLEI: 549300V8CF81JGIV7038
Tax ID: 36-4322204
2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Overview
Compass Mortgage is a small mortgage company specializing in Refi and Home Purchase loans. Compass Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Chicago, Des Moines, Minneapolis, Nashville, and Port St. Lucie among others. Compass Mortgage has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. Compass Mortgage is typically an average fee lendor.Originations
7,351Origination Dollar Volume (All Markets)
$1,992,665,000Awards
COMPASS MORTGAGE - 2021
COMPASS MORTGAGE is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
Work for COMPASS MORTGAGE ?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
Compass Mortgage 's average 30 year fixed rate mortgage of loans were
3.03%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.12%.
Relative Fees
Compass Mortgage 's average total fees for a 30 year fixed rate
mortgage are $4,561.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 5,611 | $1,527,745,000 | $272,277 | $4,216 | 2.94% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 320 | $62,540,000 | $195,438 | $3,830 | 2.95% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 213 | $62,435,000 | $293,122 | $4,031 | 2.93% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 73 | $30,285,000 | $414,863 | $4,119 | 3.03% |
| Outside of Metro Areas | 119 | $27,225,000 | $228,782 | $3,715 | 3.02% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 79 | $21,865,000 | $276,772 | $4,612 | 2.94% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 90 | $16,450,000 | $182,778 | $4,020 | 3.07% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 29 | $12,875,000 | $443,966 | $5,557 | 3.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 31 | $12,555,000 | $405,000 | $5,238 | 3.03% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 36 | $11,980,000 | $332,778 | $3,629 | 2.91% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 27 | $10,685,000 | $395,741 | $3,134 | 2.95% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 26 | $9,450,000 | $363,462 | $4,969 | 3.09% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 27 | $8,585,000 | $317,963 | $5,443 | 2.85% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 14 | $7,940,000 | $567,143 | $7,122 | 2.89% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 30 | $7,750,000 | $258,333 | $4,255 | 2.92% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 21 | $7,725,000 | $367,857 | $5,058 | 2.99% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 32 | $7,420,000 | $231,875 | $3,463 | 2.87% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 19 | $6,875,000 | $361,842 | $5,428 | 3.02% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 24 | $6,830,000 | $284,583 | $3,863 | 3.01% |
| ROCKFORD, IL (FHA|USDA|VA) | 32 | $5,770,000 | $180,313 | $3,629 | 3.03% |
| Whitewater, WI (FHA|USDA|VA) | 19 | $4,715,000 | $248,158 | $3,451 | 3.09% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 14 | $4,680,000 | $334,286 | $4,999 | 2.89% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 7 | $4,415,000 | $630,714 | $7,213 | 2.98% |
| Ottawa, IL (FHA|USDA|VA) | 29 | $4,415,000 | $152,241 | $3,929 | 2.87% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 15 | $4,005,000 | $267,000 | $4,338 | 3.13% |
| PEORIA, IL (FHA|USDA|VA) | 23 | $3,955,000 | $171,957 | $3,778 | 2.86% |
| NILES, MI (FHA|USDA|VA) | 13 | $3,645,000 | $280,385 | $4,242 | 2.92% |
| MADISON, WI (FHA|USDA|VA) | 13 | $3,535,000 | $271,923 | $2,924 | 2.87% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 6 | $3,430,000 | $571,667 | $6,988 | 2.85% |
| FORT COLLINS, CO (FHA|USDA|VA) | 8 | $3,280,000 | $410,000 | $4,032 | 2.86% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 15 | $3,115,000 | $207,667 | $3,402 | 2.96% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $3,010,000 | $752,500 | $3,908 | 2.56% |
| Holland, MI (FHA|USDA|VA) | 6 | $2,880,000 | $480,000 | $3,349 | 3.02% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 8 | $2,780,000 | $347,500 | $4,990 | 2.81% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 6 | $2,670,000 | $445,000 | $5,040 | 2.92% |
| Warsaw, IN (FHA|USDA|VA) | 9 | $2,525,000 | $280,556 | $3,146 | 3.00% |
| KANKAKEE, IL (FHA|USDA|VA) | 14 | $2,390,000 | $170,714 | $4,785 | 2.92% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 11 | $2,365,000 | $215,000 | $3,304 | 3.23% |
| KNOXVILLE, TN (FHA|USDA|VA) | 8 | $2,220,000 | $277,500 | $3,041 | 2.72% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 8 | $2,210,000 | $276,250 | $4,197 | 2.91% |
| Pella, IA (FHA|USDA|VA) | 11 | $1,965,000 | $178,636 | $3,319 | 3.19% |
| GREEN BAY, WI (FHA|USDA|VA) | 7 | $1,875,000 | $267,857 | $3,395 | 3.05% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 6 | $1,780,000 | $296,667 | $8,298 | 2.73% |
| Rochelle, IL (FHA|USDA|VA) | 8 | $1,750,000 | $218,750 | $6,816 | 3.17% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 7 | $1,695,000 | $242,143 | $3,704 | 2.98% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 4 | $1,690,000 | $422,500 | $7,775 | 3.09% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 7 | $1,655,000 | $236,429 | $3,128 | 2.87% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $1,450,000 | $725,000 | $7,877 | 3.19% |
| SAVANNAH, GA (FHA|USDA|VA) | 10 | $1,380,000 | $138,000 | $3,856 | 3.01% |
| VALLEJO, CA (FHA|USDA|VA) | 4 | $1,320,000 | $330,000 | $5,238 | 3.03% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 5 | $1,305,000 | $261,000 | $5,092 | 3.25% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $1,300,000 | $650,000 | $3,185 | 2.94% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 5 | $1,255,000 | $251,000 | $4,888 | 2.70% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 7 | $1,185,000 | $169,286 | $3,686 | 3.20% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 3 | $1,175,000 | $391,667 | $5,066 | 3.08% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 3 | $1,105,000 | $368,333 | $3,135 | 2.74% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $7,317 | 2.83% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 6 | $970,000 | $161,667 | $4,013 | 3.04% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $965,000 | $965,000 | $18,826 | 3.25% |
| APPLETON, WI (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $4,354 | 2.79% |
| AMES, IA (FHA|USDA|VA) | 5 | $905,000 | $181,000 | $3,927 | 3.15% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $3,109 | 2.84% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 5 | $835,000 | $167,000 | $2,751 | 2.65% |
| Dixon, IL (FHA|USDA|VA) | 5 | $775,000 | $155,000 | $4,583 | 2.82% |
| EL PASO, TX (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $3,486 | 2.71% |
| MIDLAND, MI (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $4,465 | 2.81% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $8,244 | 3.25% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $2,839 | 2.69% |
| Brainerd, MN (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $3,708 | 3.19% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $6,727 | 2.96% |
| Platteville, WI (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $7,250 | 2.69% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $3,644 | 2.88% |
| GREELEY, CO (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $3,779 | 3.04% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $2,892 | 2.94% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $2,792 | 2.81% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $3,266 | 3.13% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $4,209 | 3.06% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $4,359 | 3.25% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $3,988 | 2.63% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $2,928 | 2.88% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,616 | 2.75% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $4,999 | 2.38% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $2,805 | 3.04% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $9,201 | 3.63% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $5,891 | 3.00% |
| Pontiac, IL (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $3,722 | 2.63% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $3,977 | 2.63% |
| Marquette, MI (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $4,584 | 2.94% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,881 | 3.50% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $6,902 | 2.69% |
| Beaver Dam, WI (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $3,990 | 3.06% |
| Marshalltown, IA (FHA|USDA|VA) | 4 | $380,000 | $95,000 | $3,323 | 2.72% |
| Oskaloosa, IA (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $3,383 | 2.63% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,501 | 3.50% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,710 | 3.12% |
| OCALA, FL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $3,376 | 3.13% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,230 | 3.13% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,996 | 2.63% |
| Manitowoc, WI (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,587 | 2.88% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,968 | 2.75% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,452 | 2.88% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,930 | 2.88% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,749 | 2.99% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,117 | 3.13% |
| Marinette, WI-MI (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $1,824 | 2.38% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,451 | 3.00% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,950 | 2.63% |
| ANN ARBOR, MI (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $2,664 | 2.75% |
| Houghton, MI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,807 | 3.50% |
| Red Wing, MN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,169 | 2.88% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,739 | 3.38% |
| DUBUQUE, IA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $3,379 | 2.94% |
| Galesburg, IL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,306 | 3.13% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,504 | 2.75% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,459 | 2.75% |
| Richmond, IN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,824 | 3.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,155 | 2.88% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,220 | 2.88% |
| Adrian, MI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,246 | 2.50% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $3,352 | 2.88% |
| Lincoln, IL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $4,498 | 2.88% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,657 | 3.25% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,773 | 2.88% |
| FLINT, MI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,674 | 3.13% |
| Fergus Falls, MN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,419 | 2.75% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,569 | 3.38% |
| Mount Airy, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,694 | 2.99% |
| Thomasville, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,642 | 2.88% |
| Crossville, TN (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $2,885 | 3.13% |
| Mount Vernon, IL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,718 | 2.88% |
| Bemidji, MN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,436 | 3.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,319 | 4.13% |
| New Castle, IN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,178 | 3.50% |
| Durango, CO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,119 | 3.00% |
| IOWA CITY, IA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,802 | 3.88% |
| Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,052 | 2.25% |
| Freeport, IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,336 | 3.13% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,494 | 3.75% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,786 | 2.75% |
| Paris, TN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,567 | 2.88% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,776 | 4.25% |
| Burlington, IA-IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,302 | 2.75% |
| Storm Lake, IA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,952 | 3.63% |
| Angola, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,149 | 2.99% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,018 | 3.13% |
| Owatonna, MN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,335 | 2.88% |
| Big Rapids, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,524 | 2.38% |
| DECATUR, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,355 | 2.75% |
| Grand Rapids, MN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,259 | 2.88% |
| Sturgis, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,983 | 3.63% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,801 | 2.75% |
| Hillsdale, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,559 | 3.63% |
| AKRON, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,504 | 3.13% |
| Auburn, IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,880 | 3.50% |
| Marion, IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,392 | 2.99% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,231 | 3.25% |
| Martin, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,104 | 2.99% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,299 | 3.00% |
| FOND DU LAC, WI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,119 | 2.75% |
Compass Mortgage 's top markets include Chicago, Des Moines, Minneapolis, Nashville, and Port St. Lucie among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 6,267 | $1,728,015,000 | $275,732 | $3,598 | 2.95% |
| FHA | 839 | $196,185,000 | $233,832 | $8,166 | 2.97% |
| VA | 202 | $62,260,000 | $308,218 | $6,121 | 2.69% |
| USDA | 43 | $6,205,000 | $144,302 | $4,739 | 3.15% |
For the 2021 period, Compass Mortgage 's most frequently originated loan type of loans were Conventional, with 6,267 originations. Their 2nd most popular type is FHA, with 839 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 3,274 | $873,110,000 | $266,680 | $2,746 | 2.80% |
| Home Purchase | 3,011 | $844,305,000 | $280,407 | $6,119 | 3.06% |
| Cash Out Refi | 1,011 | $262,305,000 | $259,451 | $3,262 | 3.06% |
| Other | 55 | $12,945,000 | $235,364 | $2,995 | 3.08% |
For the 2021, Compass Mortgage 's most frequently cited loan purpose of loans were Refi, with 3,274 originations. The 2nd most popular reason of loans were Home Purchase, with 3,011 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 5,965 | $1,669,645,000 | $279,907 | $4,561 | 3.03% |
| 15 Year | 878 | $198,760,000 | $226,378 | $2,689 | 2.51% |
| 20 Year | 345 | $89,895,000 | $260,565 | $2,590 | 2.80% |
| 10 Year | 85 | $13,825,000 | $162,647 | $2,443 | 2.41% |
| Other | 78 | $20,540,000 | $263,333 | $2,460 | 2.87% |
For the 2021, Compass Mortgage 's most frequently cited loan length of loans were 30 Year, with 5,965 originations. The 2nd most popular length of loans were 15 Year, with 878 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 6,283 | $1,709,995,000 | $272,162 |
| $2k-3k | 330 | $78,510,000 | $237,909 |
| $<1k | 297 | $69,085,000 | $232,609 |
| $3k-4k | 288 | $78,260,000 | $271,736 |
| $5k+ | 135 | $53,035,000 | $392,852 |
$4,561 of loans were Compass Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 6,283 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 3,726 | $1,037,230,000 | $278,376 |
| 3-4% | 2,454 | $648,300,000 | $264,181 |
| <2.5% | 1,095 | $286,195,000 | $261,365 |
| 4-5% | 73 | $20,435,000 | $279,932 |
| 5-6% | 3 | $505,000 | $168,333 |
During 2021, Compass Mortgage 's average interest rate of loans were 3.03%, while their most frequently originated rate bucket of loans were 2.5-3%, with 3,726 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 3,832 | $1,079,930,000 | $281,819 | $4,448 | 2.93% |
| $100k-200k | 2,168 | $339,190,000 | $156,453 | $3,601 | 2.96% |
| $400k-600k | 882 | $422,160,000 | $478,639 | $4,486 | 2.90% |
| $100,000 or less | 321 | $25,725,000 | $80,140 | $3,510 | 3.04% |
| $600k-1MM | 117 | $86,165,000 | $736,453 | $5,914 | 3.13% |
| $1MM+ | 31 | $39,495,000 | $1,274,032 | $7,335 | 3.10% |
2021 saw Compass Mortgage place emphasis on $200k-400k loans with 3,832 originations, totaling $1,079,930,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 1,814 | $504,170,000 | $277,933 | $4,089 | 2.95% |
| $150k-250k | 1,455 | $496,475,000 | $341,220 | $3,718 | 2.91% |
| $50k-75k | 1,378 | $278,130,000 | $201,836 | $4,673 | 2.99% |
| $75k-100k | 1,212 | $288,790,000 | $238,276 | $4,420 | 2.98% |
| $50k or less | 776 | $129,380,000 | $166,727 | $4,762 | 2.95% |
| $250k+ | 596 | $264,110,000 | $443,138 | $3,703 | 2.89% |
Compass Mortgage lent most frequently to those with incomes in the $100k-150k range, with 1,814 originations. The second most popular income band? $150k-250k, with 1,455 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 1,875 | $524,735,000 | $279,859 | $3,572 | 2.90% |
| 30-36% | 1,306 | $358,770,000 | $274,709 | $4,144 | 2.97% |
| <20% | 817 | $226,785,000 | $277,583 | $3,074 | 2.81% |
| 40% | 258 | $73,350,000 | $284,302 | $4,805 | 3.03% |
| 44% | 245 | $59,475,000 | $242,755 | $4,740 | 3.05% |
| 41% | 233 | $62,635,000 | $268,820 | $4,466 | 3.01% |
| 36% | 231 | $65,525,000 | $283,658 | $4,318 | 3.04% |
| 42% | 230 | $61,700,000 | $268,261 | $4,530 | 3.02% |
| 37% | 221 | $61,755,000 | $279,434 | $4,423 | 3.03% |
| 43% | 220 | $56,330,000 | $256,045 | $4,568 | 3.04% |
| 38% | 217 | $57,145,000 | $263,341 | $4,296 | 3.04% |
| 50-60% | 205 | $50,995,000 | $248,756 | $8,469 | 2.99% |
| 39% | 195 | $54,195,000 | $277,923 | $4,807 | 3.04% |
| 45% | 191 | $49,925,000 | $261,387 | $4,642 | 3.04% |
| 49% | 174 | $44,180,000 | $253,908 | $5,279 | 3.00% |
| 47% | 155 | $39,585,000 | $255,387 | $4,392 | 2.98% |
| 46% | 154 | $39,550,000 | $256,818 | $4,819 | 3.00% |
| 48% | 154 | $39,300,000 | $255,195 | $4,947 | 2.97% |
| >60% | 1 | $205,000 | $205,000 | $11,827 | 2.50% |
Compass Mortgage lent most frequently to those with DTI ratios of 20-30%, with 1,875 originations. The next most common DTI ratio? 30-36%, with 1,306 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 6,108 | $1,670,940,000 | $273,566 | $3,994 | 2.93% |
| Not provided | 585 | $149,435,000 | $255,444 | $5,019 | 2.99% |
| Asian | 318 | $91,620,000 | $288,113 | $4,617 | 2.94% |
| Black | 318 | $74,880,000 | $235,472 | $6,195 | 3.21% |
| American Indian | 15 | $4,165,000 | $277,667 | $4,173 | 2.95% |
| Native Hawaiian | 6 | $1,380,000 | $230,000 | $4,671 | 2.83% |
| Filipino | 1 | $245,000 | $245,000 | $7,262 | 2.50% |
Approval Rates
Total approvals of all applications97.96%
Compass Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination92.69%
Compass Mortgage has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 7,351 | $1,992,665,000 | $271,074 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7,351 | $1,992,665,000 | $271,074 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 251 | $44,265,000 | $176,355 | $2,982 | 2.74% |
| 40-60% | 1,011 | $240,665,000 | $238,046 | $2,695 | 2.78% |
| 60-80% | 3,034 | $863,150,000 | $284,492 | $3,298 | 2.96% |
| 80-100% | 3,002 | $831,750,000 | $277,065 | $5,629 | 3.01% |
| Over 100% | 32 | $10,990,000 | $343,438 | $12,821 | 2.71% |
| Under 20% | 21 | $1,845,000 | $87,857 | $3,036 | 2.72% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| COMPASS MORTGAGE, INC. | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |
