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 loans. Everlend Mortgage Company has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Salt Lake City, Ogden, Provo, St. George, and Riverside among others. We have data for 5 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
173Origination Dollar Volume (All Markets)
$43,745,000Top 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) | 85 | $22,475,000 | $264,412 | $6,385 | 5.01% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 46 | $10,990,000 | $238,913 | $6,912 | 5.14% |
| PROVO-OREM, UT (FHA|USDA|VA) | 39 | $9,545,000 | $244,744 | $6,124 | 5.20% |
| ST. GEORGE, UT (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $5,874 | 4.81% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,938 | 4.99% |
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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 133 | $34,225,000 | $257,331 | $5,419 | 5.16% |
| FHA | 35 | $8,055,000 | $230,143 | $9,861 | 4.83% |
| VA | 5 | $1,465,000 | $293,000 | $10,261 | 4.70% |
For 2018, Everlend Mortgage Company's most frequently originated type of loan was Conventional, with 133 originations. Their 2nd most popular type was FHA, with 35 originations.
Loan Reason
For 2018, Everlend Mortgage Company's most frequently cited loan purpose was Home Purchase, with 127 originations. The 2nd most popular reason was Cash Out Refi, with 30 originations.
Loan Duration/Length
For 2018, Everlend Mortgage Company's most frequently cited loan duration was 30 Year, with 165 originations. The 2nd most popular length was 15 Year, with 6 originations.
Origination Fees/Closing Costs
Everlend Mortgage Company's average total fees were $6,494, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 60 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 101 | $27,035,000 | $267,673 |
| 5-6% | 54 | $14,400,000 | $266,667 |
| 6-7% | 8 | $850,000 | $106,250 |
| 3-4% | 5 | $1,395,000 | $279,000 |
| 7-8% | 5 | $65,000 | $13,000 |
During 2018, Everlend Mortgage Company's average interest rate for loans was 5.13%, while their most frequently originated rate bucket for loans was 4-5%, with 101 originations.
Loan Sizing
2018 saw Everlend Mortgage Company place emphasis on $200k-400k loans with 104 originations, totaling $28,390,000 in origination value.
Applicant Income
Everlend Mortgage Company lent most frequently to those with incomes in the $50k-75k range, with 59 originations. The second most popular income band? $100k-150k, with 35 originations.
Applicant Debt to Income Ratio
Everlend Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 26 originations. The next most common DTI ratio? 30-36%, with 26 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.61%
Everlend Mortgage Company has an average approval rate.
Pick Rate
Approvals leading to origination61.27%
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 | 173 | $43,745,000 | $252,861 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 173 | $43,745,000 | $252,861 |