Compass Mortgage Rates, Fees & Info

WINFIELD, IL

LEI: 549300V8CF81JGIV7038

Tax ID: 36-4322204

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & 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 by origination volume include: Chicago, Des Moines, Minneapolis, Bloomington, and Port St. Lucie among others. We have data for 135 markets. (Some data included below & more in-depth data is available with an active subscription.)

Compass Mortgage has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Compass Mortgage is typically a low 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 6.91% 12/17/24
30 Year Conventional Refi 6.58% 12/17/24
30 Year Cash-out Refi 6.90% 12/17/24
30 Year FHA Purchase 7.57% 12/17/24
30 Year FHA Refi 7.26% 12/17/24
30 Year VA Purchase 6.54% 12/17/24
30 Year VA Refi 6.27% 12/17/24
30 Year USDA Purchase 7.03% 12/17/24
15 Year Conventional Purchase 6.42% 12/17/24
15 Year Conventional Refi 6.19% 12/17/24
15 Year Cash-out Refi 6.19% 12/17/24
15 Year FHA Purchase 5.68% 12/17/24
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.

Compass Mortgage Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Compass Mortgage. 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

7,281

Origination Dollar Volume (All Markets)

$1,876,915,000
Show all (11) awards

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
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 5,899 $1,540,595,000 $261,162 $4,060 3.11%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 269 $52,275,000 $194,331 $3,427 3.20%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 161 $45,245,000 $281,025 $4,263 3.06%
BLOOMINGTON, IL (FHA|USDA|VA) 136 $23,620,000 $173,676 $3,645 2.96%
Outside of Metro Areas 86 $18,090,000 $210,349 $3,023 3.18%
PORT ST. LUCIE, FL (FHA|USDA|VA) 66 $17,980,000 $272,424 $4,881 3.23%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 36 $11,790,000 $327,500 $3,788 3.14%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 32 $8,520,000 $266,250 $2,833 2.93%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 26 $7,960,000 $306,154 $4,261 3.14%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 19 $7,265,000 $382,368 $5,493 3.28%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 19 $6,355,000 $334,474 $5,888 2.98%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 18 $5,750,000 $319,444 $3,780 3.12%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 17 $5,585,000 $328,529 $5,094 2.98%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 19 $5,265,000 $277,105 $4,532 3.13%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 18 $5,240,000 $291,111 $3,546 3.29%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 19 $5,125,000 $269,737 $2,934 3.08%
Ottawa, IL (FHA|USDA|VA) 25 $5,095,000 $203,800 $4,351 3.27%
ROCKFORD, IL (FHA|USDA|VA) 30 $4,720,000 $157,333 $3,491 3.25%
NILES, MI (FHA|USDA|VA) 18 $4,690,000 $260,556 $3,846 3.06%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 9 $4,295,000 $477,222 $5,845 3.35%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 19 $3,785,000 $199,211 $3,645 3.31%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 14 $3,520,000 $251,429 $4,354 3.22%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 11 $3,035,000 $275,909 $4,292 2.95%
Rochelle, IL (FHA|USDA|VA) 17 $2,665,000 $156,765 $3,945 3.35%
PEORIA, IL (FHA|USDA|VA) 15 $2,655,000 $177,000 $2,863 3.03%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 11 $2,635,000 $239,545 $3,176 3.35%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 4 $2,560,000 $640,000 $5,086 3.09%
MADISON, WI (FHA|USDA|VA) 8 $2,500,000 $312,500 $2,961 2.98%
Holland, MI (FHA|USDA|VA) 6 $2,370,000 $395,000 $6,546 3.19%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 9 $2,325,000 $258,333 $4,109 3.39%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 9 $2,195,000 $243,889 $2,905 3.08%
Whitewater, WI (FHA|USDA|VA) 10 $2,170,000 $217,000 $2,781 3.23%
Pella, IA (FHA|USDA|VA) 9 $1,925,000 $213,889 $3,949 3.00%
Warsaw, IN (FHA|USDA|VA) 7 $1,895,000 $270,714 $2,603 3.41%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 6 $1,870,000 $311,667 $3,338 3.08%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 7 $1,865,000 $266,429 $3,850 3.14%
VALLEJO, CA (FHA|USDA|VA) 4 $1,670,000 $417,500 $5,471 3.12%
KNOXVILLE, TN (FHA|USDA|VA) 6 $1,580,000 $263,333 $2,920 3.10%
FORT COLLINS, CO (FHA|USDA|VA) 4 $1,430,000 $357,500 $5,262 3.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $1,370,000 $685,000 $6,617 3.69%
JACKSONVILLE, FL (FHA|USDA|VA) 5 $1,315,000 $263,000 $3,799 2.90%
Brainerd, MN (FHA|USDA|VA) 4 $1,290,000 $322,500 $4,347 3.12%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 6 $1,290,000 $215,000 $3,405 3.15%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 5 $1,275,000 $255,000 $5,708 3.03%
Faribault-Northfield, MN (FHA|USDA|VA) 3 $1,235,000 $411,667 $3,357 3.12%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 6 $1,140,000 $190,000 $2,523 2.98%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $1,105,000 $368,333 $7,201 2.75%
Traverse City, MI (FHA|USDA|VA) 4 $1,040,000 $260,000 $3,283 2.91%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 3 $1,035,000 $345,000 $2,443 3.04%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 3 $1,005,000 $335,000 $3,243 2.96%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $8,866 3.88%
ANN ARBOR, MI (FHA|USDA|VA) 3 $975,000 $325,000 $2,768 2.83%
BOULDER, CO (FHA|USDA|VA) 3 $975,000 $325,000 $5,631 2.91%
Edwards, CO (FHA|USDA|VA) 2 $940,000 $470,000 $3,590 2.94%
TUCSON, AZ (FHA|USDA|VA) 3 $905,000 $301,667 $6,707 3.13%
Sturgis, MI (FHA|USDA|VA) 4 $890,000 $222,500 $3,517 3.09%
COLORADO SPRINGS, CO (FHA|USDA|VA) 3 $865,000 $288,333 $3,455 2.96%
GREEN BAY, WI (FHA|USDA|VA) 4 $850,000 $212,500 $2,377 3.50%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 3 $835,000 $278,333 $3,728 3.04%
Baraboo, WI (FHA|USDA|VA) 2 $800,000 $400,000 $2,970 2.88%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $795,000 $265,000 $4,772 3.08%
KANKAKEE, IL (FHA|USDA|VA) 4 $760,000 $190,000 $2,271 2.91%
STOCKTON, CA (FHA|USDA|VA) 2 $760,000 $380,000 $2,499 2.88%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 3 $755,000 $251,667 $3,198 2.79%
COLUMBUS, OH (FHA|USDA|VA) 2 $740,000 $370,000 $2,559 2.88%
Galesburg, IL (FHA|USDA|VA) 3 $695,000 $231,667 $2,528 2.88%
CEDAR RAPIDS, IA (FHA|USDA|VA) 5 $685,000 $137,000 $3,444 2.88%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $650,000 $325,000 $2,821 3.06%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 2 $620,000 $310,000 $3,212 2.88%
RACINE, WI (FHA|USDA|VA) 2 $610,000 $305,000 $2,835 2.94%
THE VILLAGES, FL (FHA|USDA|VA) 2 $600,000 $300,000 $4,046 2.56%
Oskaloosa, IA (FHA|USDA|VA) 3 $545,000 $181,667 $4,733 3.54%
MUSKEGON, MI (FHA|USDA|VA) 1 $515,000 $515,000 $3,902 2.75%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $515,000 $515,000 $4,746 2.88%
OCALA, FL (FHA|USDA|VA) 2 $510,000 $255,000 $3,961 3.63%
SPRINGFIELD, IL (FHA|USDA|VA) 3 $495,000 $165,000 $3,071 3.79%
DECATUR, IL (FHA|USDA|VA) 2 $490,000 $245,000 $2,820 2.88%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $480,000 $240,000 $4,687 2.63%
APPLETON, WI (FHA|USDA|VA) 1 $465,000 $465,000 $2,860 2.63%
Marshalltown, IA (FHA|USDA|VA) 4 $460,000 $115,000 $3,060 3.47%
AMES, IA (FHA|USDA|VA) 2 $440,000 $220,000 $5,626 3.00%
Red Wing, MN (FHA|USDA|VA) 2 $440,000 $220,000 $3,151 3.25%
SAVANNAH, GA (FHA|USDA|VA) 2 $440,000 $220,000 $3,587 2.75%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $440,000 $220,000 $2,644 3.13%
Winona, MN (FHA|USDA|VA) 1 $385,000 $385,000 $3,974 3.25%
Steamboat Springs, CO (FHA|USDA|VA) 1 $375,000 $375,000 $3,789 2.75%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $375,000 $375,000 $4,290 2.88%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $325,000 $325,000 $2,519 3.50%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 1 $325,000 $325,000 $2,862 3.50%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $315,000 $315,000 $3,890 3.50%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $315,000 $315,000 $3,456 3.00%
GREELEY, CO (FHA|USDA|VA) 1 $315,000 $315,000 $2,819 3.63%
Pontiac, IL (FHA|USDA|VA) 2 $310,000 $155,000 $3,966 3.44%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $305,000 $305,000 $2,949 2.88%
Marinette, WI-MI (FHA|USDA|VA) 1 $295,000 $295,000 $2,544 2.88%
IOWA CITY, IA (FHA|USDA|VA) 1 $285,000 $285,000 $3,534 2.75%
FORT WAYNE, IN (FHA|USDA|VA) 1 $265,000 $265,000 $5,848 3.38%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $265,000 $265,000 $4,558 3.38%
Cookeville, TN (FHA|USDA|VA) 1 $265,000 $265,000 $3,917 2.75%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $255,000 $255,000 $4,163 2.50%
Breckenridge, CO (FHA|USDA|VA) 1 $255,000 $255,000 $2,589 2.38%
ROCHESTER, MN (FHA|USDA|VA) 1 $255,000 $255,000 $6,793 3.00%
Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 1 $245,000 $245,000 $3,117 2.88%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $245,000 $245,000 $3,299 3.63%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $245,000 $245,000 $3,965 2.63%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $235,000 $235,000 $3,516 2.75%
Plymouth, IN (FHA|USDA|VA) 2 $230,000 $115,000 $2,648 3.13%
FOND DU LAC, WI (FHA|USDA|VA) 1 $215,000 $215,000 $2,919 2.99%
Stevens Point, WI (FHA|USDA|VA) 1 $215,000 $215,000 $6,666 3.00%
Kendallville, IN (FHA|USDA|VA) 1 $205,000 $205,000 $2,583 2.75%
MIDLAND, MI (FHA|USDA|VA) 1 $205,000 $205,000 $2,788 2.50%
CARBONDALE-MARION, IL (FHA|USDA|VA) 2 $200,000 $100,000 $3,616 3.88%
Thomasville, GA (FHA|USDA|VA) 1 $195,000 $195,000 $3,458 2.63%
Huntington, IN (FHA|USDA|VA) 1 $185,000 $185,000 $2,365 2.75%
Dixon, IL (FHA|USDA|VA) 1 $185,000 $185,000 $2,063 2.75%
Carroll, IA (FHA|USDA|VA) 1 $175,000 $175,000 $2,183 3.25%
Charleston-Mattoon, IL (FHA|USDA|VA) 1 $175,000 $175,000 $3,468 4.13%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $165,000 $165,000 $2,612 3.25%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $155,000 $155,000 $2,427 2.88%
Sevierville, TN (FHA|USDA|VA) 1 $155,000 $155,000 $3,822 4.25%
JACKSON, TN (FHA|USDA|VA) 1 $155,000 $155,000 $2,754 2.75%
Glenwood Springs, CO (FHA|USDA|VA) 1 $145,000 $145,000 $2,713 2.38%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $135,000 $135,000 $2,399 2.50%
WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $135,000 $135,000 $2,915 2.88%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $125,000 $125,000 $2,789 3.25%
Lincoln, IL (FHA|USDA|VA) 1 $125,000 $125,000 $2,097 3.25%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $115,000 $115,000 $2,274 3.13%
Fairmont, MN (FHA|USDA|VA) 1 $115,000 $115,000 $5,441 3.00%
KOKOMO, IN (FHA|USDA|VA) 1 $115,000 $115,000 $5,575 2.38%
Adrian, MI (FHA|USDA|VA) 1 $105,000 $105,000 $3,019 3.00%
Hutchinson, MN (FHA|USDA|VA) 1 $105,000 $105,000 $5,224 2.75%
LIMA, OH (FHA|USDA|VA) 1 $95,000 $95,000 $2,954 3.13%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $85,000 $85,000 $3,119 2.63%
Marquette, MI (FHA|USDA|VA) 1 $55,000 $55,000 $3,055 4.75%
DANVILLE, IL (FHA|USDA|VA) 1 $35,000 $35,000 $2,374 2.50%
Compass Mortgage's top markets include Chicago, Des Moines, Minneapolis, Bloomington, and Port St. Lucie among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 6,144 $1,610,090,000 $262,059 $3,404 3.10%
    FHA 879 $201,625,000 $229,380 $8,096 3.19%
    VA 206 $58,360,000 $283,301 $4,740 2.99%
    USDA 52 $6,840,000 $131,538 $3,290 3.35%

    For 2020, Compass Mortgage's most frequently originated type of loan was Conventional, with 6,144 originations. Their 2nd most popular type was FHA, with 879 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 3,891 $1,035,985,000 $266,252 $2,744 3.08%
    Home Purchase 2,657 $658,685,000 $247,906 $6,101 3.11%
    Cash Out Refi 705 $177,035,000 $251,113 $3,287 3.31%
    Other 28 $5,210,000 $186,071 $3,410 3.42%

    For 2020, Compass Mortgage's most frequently cited loan purpose was Refi, with 3,891 originations. The 2nd most popular reason was Home Purchase, with 2,657 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 5,833 $1,540,445,000 $264,091 $4,351 3.19%
    15 Year 876 $200,680,000 $229,087 $2,687 2.74%
    20 Year 350 $90,820,000 $259,486 $2,497 3.09%
    Other 117 $30,825,000 $263,462 $2,482 3.15%
    10 Year 87 $14,045,000 $161,437 $2,534 2.12%
    5 Year 18 $100,000 $5,556 $0 0.00%

    For 2020, Compass Mortgage's most frequently cited loan duration was 30 Year, with 5,833 originations. The 2nd most popular length was 15 Year, with 876 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 5,959 $1,558,385,000 $261,518
    $<1k 435 $91,285,000 $209,851
    $2k-3k 407 $94,625,000 $232,494
    $3k-4k 216 $48,960,000 $226,667
    $5k+ 140 $51,770,000 $369,786
    $4k-5k 110 $29,820,000 $271,091

    Compass Mortgage's average total fees were $4,351, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 5,959 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 3,222 $828,610,000 $257,173
    2.5-3% 3,041 $803,735,000 $264,300
    <2.5% 722 $174,780,000 $242,078
    4-5% 277 $64,755,000 $233,773
    5-6% 18 $4,750,000 $263,889
    7-8% 1 $285,000 $285,000

    During 2020, Compass Mortgage's average interest rate for loans was 3.19%, while their most frequently originated rate bucket for loans was 3-4%, with 3,222 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 4,032 $1,133,920,000 $281,230 $4,140 3.10%
    $100k-200k 2,133 $335,735,000 $157,400 $3,726 3.15%
    $400k-600k 760 $350,940,000 $461,763 $4,108 3.11%
    $100,000 or less 312 $21,930,000 $70,288 $3,461 2.89%
    $600k-1MM 40 $29,430,000 $735,750 $7,906 3.52%
    $1MM+ 4 $4,960,000 $1,240,000 $6,845 3.38%

    2020 saw Compass Mortgage place emphasis on $200k-400k loans with 4,032 originations, totaling $1,133,920,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,765 $470,725,000 $266,700 $3,779 3.13%
    $150k-250k 1,562 $505,830,000 $323,835 $3,401 3.10%
    $50k-75k 1,335 $260,175,000 $194,888 $4,688 3.12%
    $75k-100k 1,202 $277,010,000 $230,458 $4,292 3.13%
    $50k or less 717 $116,905,000 $163,047 $4,725 3.15%
    $250k+ 513 $195,445,000 $380,984 $3,493 3.05%

    Compass Mortgage lent most frequently to those with incomes in the $100k-150k range, with 1,765 originations. The second most popular income band? $150k-250k, with 1,562 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,907 $506,775,000 $265,745 $3,304 3.08%
    30-36% 1,249 $324,205,000 $259,572 $3,865 3.15%
    <20% 853 $230,545,000 $270,275 $2,852 2.94%
    37% 240 $57,760,000 $240,667 $3,942 3.24%
    36% 234 $56,890,000 $243,120 $3,922 3.22%
    44% 232 $58,600,000 $252,586 $4,878 3.19%
    41% 228 $56,690,000 $248,640 $4,329 3.16%
    38% 228 $58,950,000 $258,553 $4,401 3.19%
    42% 216 $55,330,000 $256,157 $4,755 3.23%
    50-60% 210 $47,990,000 $228,524 $8,230 3.20%
    39% 206 $55,780,000 $270,777 $4,535 3.23%
    40% 203 $51,265,000 $252,537 $4,168 3.19%
    43% 197 $49,505,000 $251,294 $4,734 3.17%
    49% 156 $35,860,000 $229,872 $5,174 3.23%
    45% 154 $39,760,000 $258,182 $4,758 3.19%
    47% 149 $38,995,000 $261,711 $4,715 3.23%
    48% 142 $36,780,000 $259,014 $5,252 3.14%
    46% 131 $32,225,000 $245,992 $5,266 3.16%
    >60% 1 $205,000 $205,000 $2,829 4.25%

    Compass Mortgage lent most frequently to those with DTI ratios of 20-30%, with 1,907 originations. The next most common DTI ratio? 30-36%, with 1,249 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 6,210 $1,626,810,000 $261,966 $3,811 3.12%
    Asian 374 $95,900,000 $256,417 $4,613 3.05%
    Not provided 405 $92,625,000 $228,704 $5,163 3.08%
    Black 270 $57,820,000 $214,148 $6,104 3.15%
    American Indian 15 $2,455,000 $163,667 $3,953 2.88%
    Native Hawaiian or Islander 5 $985,000 $197,000 $4,512 2.98%
    Korean 1 $225,000 $225,000 $8,220 2.63%
    Other Asian 1 $95,000 $95,000 $2,063 2.50%

    Approval Rates

    Total approvals of all applications
    98.32%

    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
    95.40%

    Compass Mortgage has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 7,281 $1,876,915,000 $257,783

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 9 $1,405,000 $156,111
    Single Family (1-4 Units):Site-Built 7,272 $1,875,510,000 $257,908

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 209 $39,725,000 $190,072 $2,740 2.96%
    40-60% 981 $241,005,000 $245,673 $2,636 2.97%
    60-80% 2,953 $796,685,000 $269,788 $3,073 3.14%
    80-100% 3,042 $785,450,000 $258,202 $5,404 3.19%
    Over 100% 43 $12,475,000 $290,116 $7,733 3.07%
    Under 20% 29 $1,445,000 $49,828 $2,965 1.20%