Ranlife Mortgage Rates, Fees & Info
SANDY, UTLEI: 549300W1HU6IVVIEJ389
Tax ID: 87-0682600
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Ranlife is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Ranlife 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 Salt Lake City, Ogden, Provo, St. George, and Portland among others. Ranlife has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Ranlife is typically a high fee lendor.Originations
2,718Origination Dollar Volume (All Markets)
$820,050,000Relative Rate
Ranlife 's average 30 year fixed rate mortgage of loans were
3.13%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.02%.
Relative Fees
Ranlife 's average total fees for a 30 year fixed rate
mortgage are $6,908.
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 |
|---|---|---|---|---|---|
| SALT LAKE CITY, UT (FHA|USDA|VA) | 972 | $309,650,000 | $318,570 | $6,713 | 3.08% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 451 | $139,165,000 | $308,570 | $6,394 | 3.04% |
| PROVO-OREM, UT (FHA|USDA|VA) | 326 | $110,830,000 | $339,969 | $6,200 | 3.09% |
| Outside of Metro Areas | 126 | $26,380,000 | $209,365 | $6,424 | 3.16% |
| ST. GEORGE, UT (FHA|USDA|VA) | 52 | $19,490,000 | $374,808 | $5,877 | 3.10% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 38 | $13,160,000 | $346,316 | $8,329 | 3.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 31 | $12,155,000 | $392,097 | $8,793 | 3.09% |
| Heber, UT (FHA|USDA|VA) | 20 | $8,530,000 | $426,500 | $8,448 | 2.83% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 33 | $8,265,000 | $250,455 | $7,746 | 3.04% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 28 | $8,090,000 | $288,929 | $5,543 | 3.03% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 15 | $5,445,000 | $363,000 | $5,964 | 3.02% |
| BOISE CITY, ID (FHA|USDA|VA) | 18 | $5,400,000 | $300,000 | $8,119 | 3.12% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 24 | $5,300,000 | $220,833 | $7,450 | 3.19% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 10 | $4,420,000 | $442,000 | $11,331 | 3.11% |
| SALEM, OR (FHA|USDA|VA) | 14 | $4,290,000 | $306,429 | $9,126 | 3.19% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 16 | $4,250,000 | $265,625 | $7,049 | 3.12% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 9 | $4,185,000 | $465,000 | $6,308 | 2.69% |
| Lake City, FL (FHA|USDA|VA) | 20 | $4,170,000 | $208,500 | $6,406 | 3.12% |
| LOGAN, UT-ID (FHA|USDA|VA) | 18 | $4,130,000 | $229,444 | $4,746 | 3.25% |
| Cedar City, UT (FHA|USDA|VA) | 16 | $3,900,000 | $243,750 | $5,388 | 3.27% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 12 | $3,780,000 | $315,000 | $9,997 | 3.02% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 12 | $3,530,000 | $294,167 | $9,092 | 3.18% |
| MODESTO, CA (FHA|USDA|VA) | 11 | $3,495,000 | $317,727 | $6,365 | 3.07% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 8 | $3,330,000 | $416,250 | $8,510 | 2.64% |
| Vernal, UT (FHA|USDA|VA) | 18 | $3,270,000 | $181,667 | $5,595 | 3.20% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 8 | $3,060,000 | $382,500 | $6,558 | 3.05% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 13 | $2,955,000 | $227,308 | $7,364 | 2.97% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 6 | $2,940,000 | $490,000 | $11,784 | 3.06% |
| FRESNO, CA (FHA|USDA|VA) | 8 | $2,870,000 | $358,750 | $4,267 | 3.06% |
| RICHMOND, VA (FHA|USDA|VA) | 11 | $2,825,000 | $256,818 | $6,388 | 3.14% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 13 | $2,755,000 | $211,923 | $5,869 | 3.17% |
| BEND, OR (FHA|USDA|VA) | 10 | $2,750,000 | $275,000 | $7,653 | 2.93% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 8 | $2,420,000 | $302,500 | $12,481 | 3.08% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 4 | $2,180,000 | $545,000 | $10,210 | 3.03% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 7 | $2,005,000 | $286,429 | $7,535 | 3.21% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 5 | $1,965,000 | $393,000 | $5,950 | 2.70% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $1,740,000 | $435,000 | $5,487 | 2.72% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 7 | $1,715,000 | $245,000 | $6,269 | 3.11% |
| Port Angeles, WA (FHA|USDA|VA) | 8 | $1,690,000 | $211,250 | $5,364 | 3.23% |
| Clearlake, CA (FHA|USDA|VA) | 6 | $1,670,000 | $278,333 | $5,316 | 3.56% |
| BELLINGHAM, WA (FHA|USDA|VA) | 5 | $1,625,000 | $325,000 | $6,718 | 2.88% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 6 | $1,610,000 | $268,333 | $8,569 | 3.04% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 3 | $1,585,000 | $528,333 | $9,947 | 3.29% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 8 | $1,450,000 | $181,250 | $7,181 | 2.98% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 7 | $1,445,000 | $206,429 | $7,032 | 3.18% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 7 | $1,435,000 | $205,000 | $6,472 | 2.95% |
| Sonora, CA (FHA|USDA|VA) | 5 | $1,405,000 | $281,000 | $9,694 | 2.85% |
| Price, UT (FHA|USDA|VA) | 10 | $1,330,000 | $133,000 | $4,687 | 3.25% |
| Centralia, WA (FHA|USDA|VA) | 6 | $1,330,000 | $221,667 | $6,120 | 2.92% |
| Moses Lake, WA (FHA|USDA|VA) | 6 | $1,230,000 | $205,000 | $5,559 | 2.85% |
| KNOXVILLE, TN (FHA|USDA|VA) | 7 | $1,175,000 | $167,857 | $4,115 | 3.34% |
| Aberdeen, WA (FHA|USDA|VA) | 7 | $1,155,000 | $165,000 | $5,401 | 2.88% |
| Klamath Falls, OR (FHA|USDA|VA) | 5 | $1,095,000 | $219,000 | $6,382 | 3.35% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 4 | $1,060,000 | $265,000 | $9,338 | 3.09% |
| POCATELLO, ID (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $6,212 | 3.38% |
| TUCSON, AZ (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $5,176 | 3.00% |
| Roseburg, OR (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $8,372 | 3.25% |
| VISALIA, CA (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $7,352 | 3.28% |
| TWIN FALLS, ID (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $6,054 | 2.94% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $5,612 | 3.25% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $9,412 | 3.29% |
| Pampa, TX (FHA|USDA|VA) | 6 | $880,000 | $146,667 | $6,660 | 3.19% |
| MEDFORD, OR (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $7,258 | 3.08% |
| GRANTS PASS, OR (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $9,235 | 2.92% |
| Crescent City, CA (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $9,424 | 2.88% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $7,737 | 3.13% |
| STOCKTON, CA (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $4,689 | 3.08% |
| Prineville, OR (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $5,596 | 3.08% |
| Rexburg, ID (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $5,638 | 3.31% |
| Coos Bay, OR (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $7,595 | 3.22% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $5,300 | 3.63% |
| LONGVIEW, TX (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $8,892 | 2.79% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $8,676 | 2.69% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $6,259 | 2.99% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $6,454 | 3.13% |
| WENATCHEE, WA (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $8,289 | 3.50% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $6,097 | 3.21% |
| YUBA CITY, CA (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $9,926 | 3.06% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $3,953 | 2.87% |
| Red Bluff, CA (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $5,346 | 3.20% |
| SANTA FE, NM (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $5,859 | 2.88% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $6,027 | 3.08% |
| Deming, NM (FHA|USDA|VA) | 6 | $600,000 | $100,000 | $3,587 | 3.56% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $6,374 | 2.88% |
| YAKIMA, WA (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $7,634 | 3.06% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $7,907 | 3.03% |
| Carlsbad-Artesia, NM (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $7,545 | 3.29% |
| Shelton, WA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $7,822 | 3.50% |
| Burley, ID (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $6,228 | 2.91% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $3,090 | 3.38% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $4,350 | 3.38% |
| Blackfoot, ID (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $5,889 | 2.94% |
| Taos, NM (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $3,764 | 3.38% |
| Outside of Metro Areas | 2 | $490,000 | $245,000 | $4,800 | 3.00% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $7,997 | 3.25% |
| Martinsville, VA (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $4,577 | 3.28% |
| Ontario, OR-ID (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,398 | 2.75% |
| REDDING, CA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $3,347 | 2.43% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $5,366 | 3.19% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $6,104 | 2.88% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $5,833 | 3.38% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $5,914 | 3.08% |
| Newport, OR (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $7,380 | 3.06% |
| Mountain Home, ID (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $5,914 | 3.04% |
| MUNCIE, IN (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,977 | 2.88% |
| LONGVIEW, WA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,462 | 2.87% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $6,945 | 3.13% |
| ABILENE, TX (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $4,506 | 3.06% |
| The Dalles, OR (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $8,740 | 2.94% |
| Newport, TN (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $7,294 | 3.00% |
| Las Vegas, NM (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,463 | 4.25% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $4,216 | 3.56% |
| Moscow, ID (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $7,284 | 2.75% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $8,015 | 2.56% |
| ROANOKE, VA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $7,952 | 2.75% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $5,377 | 3.69% |
| Paris, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $10,384 | 3.75% |
| CHICO, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,721 | 3.75% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,750 | 2.38% |
| WACO, TX (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $4,058 | 3.45% |
| Borger, TX (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $5,831 | 3.50% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,050 | 2.69% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,601 | 2.88% |
| Hobbs, NM (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $9,735 | 2.50% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $9,480 | 3.63% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,342 | 3.63% |
| MERCED, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,119 | 3.25% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,064 | 2.25% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,485 | 2.99% |
| Crossville, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,531 | 2.99% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,126 | 2.88% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $11,279 | 2.75% |
| Jackson, WY-ID (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,376 | 2.88% |
| Granbury, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,526 | 4.75% |
| Brookings, OR (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,993 | 2.88% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,444 | 2.50% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,821 | 2.88% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,028 | 2.25% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,629 | 3.38% |
| TYLER, TX (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $6,351 | 3.69% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,384 | 2.75% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,179 | 3.00% |
| Dayton, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,206 | 2.38% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $9,070 | 2.75% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,877 | 2.50% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,481 | 2.75% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,136 | 3.00% |
| Martin, TN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,625 | 2.88% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $9,530 | 2.75% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,347 | 3.63% |
| Bluefield, WV-VA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,123 | 2.25% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,935 | 2.75% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,923 | 3.75% |
| Susanville, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,476 | 4.38% |
| McMinnville, TN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,081 | 3.75% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,985 | 2.75% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,252 | 2.75% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,892 | 3.63% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,068 | 3.25% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,529 | 3.38% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,491 | 3.63% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,695 | 2.88% |
| Dumas, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,946 | 3.13% |
| FARMINGTON, NM (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,332 | 3.25% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,683 | 3.75% |
| Mineral Wells, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,651 | 2.88% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,664 | 2.63% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,693 | 3.99% |
| COLUMBUS, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,074 | 3.63% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,499 | 2.88% |
| Palestine, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $6,059 | 4.50% |
Ranlife 's top markets include Salt Lake City, Ogden, Provo, St. George, and Portland among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,912 | $575,630,000 | $301,062 | $5,346 | 3.15% |
| FHA | 558 | $161,490,000 | $289,409 | $10,171 | 2.98% |
| VA | 180 | $66,060,000 | $367,000 | $9,190 | 2.72% |
| USDA | 68 | $16,870,000 | $248,088 | $7,201 | 2.91% |
For the 2021 period, Ranlife 's most frequently originated loan type of loans were Conventional, with 1,912 originations. Their 2nd most popular type is FHA, with 558 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 1,048 | $350,850,000 | $334,781 | $7,441 | 3.18% |
| Refi | 918 | $249,040,000 | $271,285 | $5,157 | 2.91% |
| Cash Out Refi | 737 | $219,905,000 | $298,379 | $7,471 | 3.11% |
| Other | 15 | $255,000 | $17,000 | $415 | 4.90% |
For the 2021, Ranlife 's most frequently cited loan purpose of loans were Home Purchase, with 1,048 originations. The 2nd most popular reason of loans were Refi, with 918 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 2,420 | $749,960,000 | $309,901 | $6,908 | 3.13% |
| 15 Year | 155 | $33,935,000 | $218,935 | $4,387 | 2.46% |
| 20 Year | 96 | $24,540,000 | $255,625 | $4,702 | 2.91% |
| Other | 35 | $9,305,000 | $265,857 | $4,222 | 2.96% |
| 10 Year | 12 | $2,310,000 | $192,500 | $3,668 | 2.64% |
For the 2021, Ranlife 's most frequently cited loan length of loans were 30 Year, with 2,420 originations. The 2nd most popular length of loans were 15 Year, with 155 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 1,198 | $363,740,000 | $303,623 |
| $3k-4k | 504 | $146,690,000 | $291,052 |
| $2k-3k | 466 | $123,820,000 | $265,708 |
| $5k+ | 397 | $153,045,000 | $385,504 |
| $<1k | 153 | $32,755,000 | $214,085 |
$6,908 of loans were Ranlife 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,198 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 1,221 | $379,585,000 | $310,880 |
| 3-4% | 1,076 | $337,600,000 | $313,755 |
| <2.5% | 301 | $85,925,000 | $285,465 |
| 4-5% | 85 | $16,235,000 | $191,000 |
| 5-6% | 35 | $705,000 | $20,143 |
During 2021, Ranlife 's average interest rate of loans were 3.13%, while their most frequently originated rate bucket of loans were 2.5-3%, with 1,221 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 1,538 | $451,570,000 | $293,609 | $6,863 | 3.00% |
| $100k-200k | 494 | $78,410,000 | $158,725 | $4,993 | 3.05% |
| $400k-600k | 493 | $231,935,000 | $470,456 | $7,970 | 3.05% |
| $100,000 or less | 125 | $5,825,000 | $46,600 | $2,115 | 4.29% |
| $600k-1MM | 62 | $43,450,000 | $700,806 | $12,141 | 3.11% |
| $1MM+ | 6 | $8,860,000 | $1,476,667 | $13,800 | 3.39% |
2021 saw Ranlife place emphasis on $200k-400k loans with 1,538 originations, totaling $451,570,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 865 | $229,425,000 | $265,231 | $6,309 | 3.12% |
| $75k-100k | 564 | $179,950,000 | $319,060 | $6,929 | 3.08% |
| $50k or less | 514 | $106,240,000 | $206,693 | $5,669 | 3.03% |
| $100k-150k | 507 | $184,115,000 | $363,146 | $7,695 | 3.05% |
| $150k-250k | 189 | $80,195,000 | $424,312 | $7,062 | 3.08% |
| $250k+ | 79 | $40,125,000 | $507,911 | $6,686 | 3.17% |
Ranlife lent most frequently to those with incomes in the $50k-75k range, with 865 originations. The second most popular income band? $75k-100k, with 564 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30-36% | 497 | $145,335,000 | $292,425 | $6,059 | 3.08% |
| 20-30% | 451 | $128,345,000 | $284,579 | $5,462 | 3.00% |
| <20% | 232 | $67,430,000 | $290,647 | $5,283 | 2.90% |
| 50-60% | 185 | $57,055,000 | $308,405 | $10,442 | 3.01% |
| 44% | 154 | $51,040,000 | $331,429 | $6,628 | 3.12% |
| 42% | 130 | $40,310,000 | $310,077 | $5,744 | 3.11% |
| 40% | 113 | $34,215,000 | $302,788 | $6,577 | 3.18% |
| 43% | 110 | $33,230,000 | $302,091 | $6,378 | 3.06% |
| 41% | 109 | $35,245,000 | $323,349 | $6,535 | 3.14% |
| 39% | 107 | $33,395,000 | $312,103 | $6,621 | 3.21% |
| 37% | 106 | $32,970,000 | $311,038 | $10,903 | 3.06% |
| 36% | 97 | $29,625,000 | $305,412 | $5,126 | 3.27% |
| 38% | 95 | $28,675,000 | $301,842 | $6,165 | 3.11% |
| 45% | 88 | $29,340,000 | $333,409 | $7,596 | 3.18% |
| 49% | 82 | $25,090,000 | $305,976 | $7,192 | 3.16% |
| 46% | 61 | $19,055,000 | $312,377 | $8,186 | 3.26% |
| 47% | 52 | $15,270,000 | $293,654 | $7,870 | 3.20% |
| 48% | 46 | $12,930,000 | $281,087 | $7,664 | 3.10% |
| >60% | 3 | $1,495,000 | $498,333 | $6,013 | 2.58% |
Ranlife lent most frequently to those with DTI ratios of 30-36%, with 497 originations. The next most common DTI ratio? 20-30%, with 451 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1,445 | $442,695,000 | $306,363 | $6,743 | 3.08% |
| Not provided | 1,170 | $345,900,000 | $295,641 | $6,466 | 3.08% |
| Black | 46 | $12,890,000 | $280,217 | $7,667 | 3.14% |
| Asian | 32 | $11,290,000 | $352,813 | $6,883 | 3.09% |
| Native Hawaiian | 19 | $5,695,000 | $299,737 | $7,042 | 3.28% |
| American Indian | 4 | $1,210,000 | $302,500 | $4,952 | 3.03% |
| Korean | 1 | $205,000 | $205,000 | $2,771 | 2.63% |
| Samoan | 1 | $165,000 | $165,000 | $5,629 | 3.38% |
Approval Rates
Total approvals of all applications96.44%
Ranlife has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination59.22%
Ranlife 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 | 2,718 | $820,050,000 | $301,711 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2,718 | $820,050,000 | $301,711 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 101 | $17,285,000 | $171,139 | $9,197 | 2.81% |
| 40-60% | 389 | $97,975,000 | $251,864 | $4,720 | 2.91% |
| 60-80% | 998 | $317,900,000 | $318,537 | $5,865 | 3.09% |
| 80-100% | 1,123 | $372,245,000 | $331,474 | $7,937 | 3.04% |
| Over 100% | 29 | $11,915,000 | $410,862 | $15,254 | 2.81% |
| Under 20% | 78 | $2,730,000 | $35,000 | $886 | 4.82% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| RANLife, Inc. | Conventional home mortgage | Trouble during payment process | 2 | 50.0% |
| RANLife, Inc. | FHA mortgage | Incorrect information on your report | 1 | 25.0% |
| RANLife, Inc. | FHA mortgage | Trouble during payment process | 1 | 25.0% |
