Ranlife Mortgage Rates, Fees & Info

SANDY, UT

LEI: 549300W1HU6IVVIEJ389

Tax ID: 87-0682600

2.9 stars - out of 5 stars, based on 52 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

2,718

Origination Dollar Volume (All Markets)

$820,050,000

Relative 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 applications
96.44%

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 origination
59.22%

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%