Everlend Mortgage Company Rates, Fees & Info
Salt Lake City, UTLEI: 549300VQ0V62WHMGY629
Tax ID: 46-1389922
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Mortgage Data
Review & Overview
Everlend Mortgage Company is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Everlend Mortgage Company 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: Salt Lake City, Ogden, Provo, Heber, and St. George among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Everlend Mortgage Company 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. Everlend Mortgage Company is typically an average 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.
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Originations
319Origination Dollar Volume (All Markets)
$107,305,000Top 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 |
|---|---|---|---|---|---|
| SALT LAKE CITY, UT (FHA|USDA|VA) | 119 | $43,315,000 | $363,992 | $5,902 | 3.07% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 104 | $34,040,000 | $327,308 | $5,468 | 3.11% |
| PROVO-OREM, UT (FHA|USDA|VA) | 73 | $22,645,000 | $310,205 | $6,379 | 3.27% |
| Outside of Metro Areas | 8 | $2,330,000 | $291,250 | $8,645 | 3.47% |
| Heber, UT (FHA|USDA|VA) | 4 | $1,800,000 | $450,000 | $4,714 | 2.91% |
| ST. GEORGE, UT (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $5,391 | 3.29% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $8,833 | 2.75% |
| Hailey, ID (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $7,091 | 3.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $6,302 | 3.63% |
| Price, UT (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $14,272 | 3.63% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,725 | 2.49% |
| LOGAN, UT-ID (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,238 | 2.81% |
Similar Lenders
We use machine learning to identify the top lenders compared against EVERLEND MORTGAGE COMPANY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2021, Everlend Mortgage Company's most frequently originated type of loan was Conventional, with 279 originations. Their 2nd most popular type was FHA, with 27 originations.
Loan Reason
For 2021, Everlend Mortgage Company's most frequently cited loan purpose was Home Purchase, with 126 originations. The 2nd most popular reason was Cash Out Refi, with 120 originations.
Loan Duration/Length
For 2021, Everlend Mortgage Company's most frequently cited loan duration was 30 Year, with 289 originations. The 2nd most popular length was 15 Year, with 17 originations.
Origination Fees/Closing Costs
Everlend Mortgage Company's average total fees were $6,176, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 88 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 149 | $53,865,000 | $361,510 |
| 2.5-3% | 131 | $43,595,000 | $332,786 |
| <2.5% | 26 | $8,330,000 | $320,385 |
| 4-5% | 7 | $1,395,000 | $199,286 |
| 5-6% | 6 | $120,000 | $20,000 |
During 2021, Everlend Mortgage Company's average interest rate for loans was 3.19%, while their most frequently originated rate bucket for loans was 3-4%, with 149 originations.
Loan Sizing
2021 saw Everlend Mortgage Company place emphasis on $200k-400k loans with 168 originations, totaling $49,950,000 in origination value.
Applicant Income
Everlend Mortgage Company lent most frequently to those with incomes in the $50k-75k range, with 88 originations. The second most popular income band? $100k-150k, with 75 originations.
Applicant Debt to Income Ratio
Everlend Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 67 originations. The next most common DTI ratio? 30-36%, with 58 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.72%
Everlend Mortgage Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination68.03%
Everlend Mortgage Company has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 319 | $107,305,000 | $336,379 |