Compass Mortgage Rates, Fees & Info

WINFIELD, IL

LEI: 549300V8CF81JGIV7038

Tax ID: 36-4322204

5 stars - out of 5 stars, based on 86 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

7,351

Origination Dollar Volume (All Markets)

$1,992,665,000
Show all (9) awards

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 applications
97.96%

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 origination
92.69%

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%