Academy Mortgage Corporation

Draper, UT 84009

LEI: 549300WTZMQSET2VY242

Tax ID: 87-0456373

2019 Data *Active* | 2018 Data


Overview

Academy Mortgage Corporation is a large mortgage company specializing in Home Purchase loans. Academy Mortgage Corporation 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 Phoenix, Ogden, Portland, Salt Lake City, and Seattle among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Academy Mortgage Corporation is typically a medium-low/ high/ fee lendor.


Originations

38,825

Origination Dollar Volume (All Markets)

$9,172,435,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 26,716 $6,277,780,000 $234,982
FHA 8,105 $1,756,765,000 $216,751
VA 3,312 $1,010,010,000 $304,955
USDA 692 $127,880,000 $184,798

Conventional loans are assumed to be 20% downpayment and either fixed/adjustable rate. FHA loans start at 3.5% downpayment and are targeted towards first time homebuyers who will be owner-occupants. USDA loans target agrarian uses such as farms. VA loans are available to members of the military. FHA, USDA and VA loans are typically subsidized by the government so as to have more favorable terms for the borrower.

Loan Reason

Loan Reason Originations Total Value Average Loan
Home Purchase 29,146 $6,431,560,000 $220,667
Home Improvement 240 $62,310,000 $259,625
Other 32 $5,470,000 $170,938
Refi 4,889 $1,467,865,000 $300,238
Cash Out Refi 4,518 $1,205,230,000 $266,762

Home purchase and refinance loans are typically offered by even the most prudent banks. Cash out refi loans typically carry higher fees-- they allow homeowners to get loans against the equity (appreciated value) of their home, but can be used irresponsibly. Lendors with a high ratio of cash out refi loans may be exposed in the event of an economic downturn, and may be more aggressive with their fee schedules.

Top Markets

Market Originations Total Value Average Loan
Outside of Metro Areas 4,143 $838,255,000 $202,330
PHOENIX-MESA-CHANDLER, AZ 3,322 $724,480,000 $218,085
OGDEN-CLEARFIELD, UT 2,366 $564,580,000 $238,622
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 1,600 $528,420,000 $330,263
SALT LAKE CITY, UT 1,480 $442,920,000 $299,270
SEATTLE-BELLEVUE-KENT, WA 849 $402,575,000 $474,176
BOISE CITY, ID 1,738 $397,740,000 $228,849
COLORADO SPRINGS, CO 1,169 $314,365,000 $268,918
OLYMPIA-LACEY-TUMWATER, WA 746 $224,490,000 $300,925
PROVO-OREM, UT 731 $207,485,000 $283,837
GRAND JUNCTION, CO 991 $200,595,000 $202,417
BALTIMORE-COLUMBIA-TOWSON, MD 663 $193,415,000 $291,727
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 924 $164,080,000 $177,576
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 695 $154,715,000 $222,612
TACOMA-LAKEWOOD, WA 453 $142,865,000 $315,375
DALLAS-PLANO-IRVING, TX 634 $140,250,000 $221,215
SALEM, OR 496 $133,790,000 $269,738
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 471 $120,115,000 $255,021
MODESTO, CA 509 $119,245,000 $234,273
DENVER-AURORA-LAKEWOOD, CO 369 $114,675,000 $310,772
FORT COLLINS, CO 331 $105,265,000 $318,021
SAN ANTONIO-NEW BRAUNFELS, TX 545 $98,995,000 $181,642
JACKSONVILLE, FL 694 $96,080,000 $138,444
ST. GEORGE, UT 412 $95,720,000 $232,330
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 301 $93,395,000 $310,282
PORTLAND-SOUTH PORTLAND, ME 325 $88,315,000 $271,738
BEND, OR 292 $87,160,000 $298,493
GREELEY, CO 319 $87,105,000 $273,056
YUMA, AZ 591 $84,035,000 $142,191
STOCKTON, CA 261 $80,265,000 $307,529
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 202 $76,710,000 $379,752
SPRINGFIELD, MA 413 $72,255,000 $174,952
COEUR D'ALENE, ID 249 $63,425,000 $254,719
LONGVIEW, WA 255 $55,425,000 $217,353
ALBUQUERQUE, NM 342 $51,030,000 $149,211
DETROIT-DEARBORN-LIVONIA, MI 414 $50,610,000 $122,246
LOS ANGELES-LONG BEACH-GLENDALE, CA 143 $48,445,000 $338,776
ANCHORAGE, AK 177 $48,375,000 $273,305
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 89 $46,055,000 $517,472
SEBASTIAN-VERO BEACH, FL 183 $44,575,000 $243,579
MCALLEN-EDINBURG-MISSION, TX 284 $43,370,000 $152,711
FORT WORTH-ARLINGTON-GRAPEVINE, TX 216 $42,480,000 $196,667
FLAGSTAFF, AZ 148 $39,900,000 $269,595
KANSAS CITY, MO-KS 261 $38,715,000 $148,333
MIAMI-MIAMI BEACH-KENDALL, FL 141 $36,325,000 $257,624
SANTA CRUZ-WATSONVILLE, CA 64 $35,800,000 $559,375
WALLA WALLA, WA 166 $34,380,000 $207,108
PITTSFIELD, MA 219 $33,955,000 $155,046
LAKE HAVASU CITY-KINGMAN, AZ 176 $33,510,000 $190,398
ALBANY-LEBANON, OR 135 $32,815,000 $243,074
BROWNSVILLE-HARLINGEN, TX 213 $32,615,000 $153,122
SPOKANE-SPOKANE VALLEY, WA 158 $30,740,000 $194,557
COLUMBUS, OH 153 $30,005,000 $196,111
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 106 $29,420,000 $277,547
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 103 $29,125,000 $282,767
BAY CITY, MI 358 $28,940,000 $80,838
AUSTIN-ROUND ROCK-GEORGETOWN, TX 113 $28,815,000 $255,000
WARREN-TROY-FARMINGTON HILLS, MI 139 $26,455,000 $190,324
KENNEWICK-RICHLAND, WA 115 $24,935,000 $216,826
BURLINGTON-SOUTH BURLINGTON, VT 115 $23,555,000 $204,826
BREMERTON-SILVERDALE-PORT ORCHARD, WA 66 $23,490,000 $355,909
GARY, IN 144 $23,480,000 $163,056
RENO, NV 84 $22,530,000 $268,214
URBAN HONOLULU, HI 45 $22,215,000 $493,667
BIRMINGHAM-HOOVER, AL 133 $21,695,000 $163,120
MOUNT VERNON-ANACORTES, WA 71 $21,655,000 $305,000
ROCKFORD, IL 211 $21,085,000 $99,929
ANAHEIM-SANTA ANA-IRVINE, CA 43 $20,965,000 $487,558
PHILADELPHIA, PA 81 $20,225,000 $249,691
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 58 $19,390,000 $334,310
PORT ST. LUCIE, FL 87 $19,055,000 $219,023
PRESCOTT VALLEY-PRESCOTT, AZ 78 $19,010,000 $243,718
PUEBLO, CO 128 $18,880,000 $147,500
MIDLAND, MI 149 $18,465,000 $123,926
FORT WAYNE, IN 137 $18,235,000 $133,102
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 68 $17,790,000 $261,618
ANN ARBOR, MI 74 $17,630,000 $238,243
FRESNO, CA 112 $16,650,000 $148,661
TAMPA-ST. PETERSBURG-CLEARWATER, FL 70 $16,110,000 $230,143
CORVALLIS, OR 51 $15,275,000 $299,510
RALEIGH-CARY, NC 64 $15,070,000 $235,469
ORLANDO-KISSIMMEE-SANFORD, FL 82 $13,310,000 $162,317
JACKSON, MS 90 $13,090,000 $145,444
GREENVILLE-ANDERSON, SC 93 $12,935,000 $139,086
MILWAUKEE-WAUKESHA, WI 74 $12,580,000 $170,000
LOGAN, UT-ID 58 $12,540,000 $216,207
TYLER, TX 77 $12,485,000 $162,143
MERCED, CA 48 $12,460,000 $259,583
AUGUSTA-RICHMOND COUNTY, GA-SC 74 $11,970,000 $161,757
OAKLAND-BERKELEY-LIVERMORE, CA 26 $11,470,000 $441,154
CHICAGO-NAPERVILLE-EVANSTON, IL 56 $10,970,000 $195,893
SACRAMENTO-ROSEVILLE-FOLSOM, CA 38 $10,640,000 $280,000
SAGINAW, MI 112 $10,270,000 $91,696
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 33 $9,975,000 $302,273
BAKERSFIELD, CA 46 $9,840,000 $213,913
GAINESVILLE, GA 48 $9,680,000 $201,667
WILMINGTON, DE-MD-NJ 48 $8,950,000 $186,458
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 29 $8,655,000 $298,448
CEDAR RAPIDS, IA 61 $7,545,000 $123,689
BELLINGHAM, WA 17 $7,325,000 $430,882
MORRISTOWN, TN 56 $7,270,000 $129,821
LEWISTON-AUBURN, ME 40 $7,030,000 $175,750
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 17 $6,865,000 $403,824
EUGENE-SPRINGFIELD, OR 23 $6,385,000 $277,609
EL PASO, TX 48 $6,120,000 $127,500
LONGVIEW, TX 40 $6,050,000 $151,250
CHICO, CA 19 $5,865,000 $308,684
COLUMBIA, SC 61 $5,765,000 $94,508
BOSTON, MA 11 $5,755,000 $523,182
MANCHESTER-NASHUA, NH 20 $5,750,000 $287,500
CAMDEN, NJ 20 $5,470,000 $273,500
SAVANNAH, GA 24 $5,460,000 $227,500
IDAHO FALLS, ID 36 $5,460,000 $151,667
SALINAS, CA 11 $5,265,000 $478,636
BOULDER, CO 16 $5,150,000 $321,875
FLINT, MI 40 $5,110,000 $127,750
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 18 $4,970,000 $276,111
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 20 $4,530,000 $226,500
FARMINGTON, NM 32 $4,500,000 $140,625
LAS VEGAS-HENDERSON-PARADISE, NV 18 $4,300,000 $238,889
WENATCHEE, WA 10 $4,050,000 $405,000
TUCSON, AZ 19 $3,925,000 $206,579
SPARTANBURG, SC 30 $3,770,000 $125,667
BEAUMONT-PORT ARTHUR, TX 24 $3,730,000 $155,417
YUBA CITY, CA 12 $3,630,000 $302,500
TWIN FALLS, ID 17 $3,615,000 $212,647
OCALA, FL 23 $3,555,000 $154,565
FAYETTEVILLE, NC 17 $3,525,000 $207,353
SHERMAN-DENISON, TX 17 $3,335,000 $196,176
THE VILLAGES, FL 18 $3,210,000 $178,333
WORCESTER, MA-CT 11 $3,105,000 $282,273
VALLEJO, CA 8 $3,000,000 $375,000
HILTON HEAD ISLAND-BLUFFTON, SC 18 $2,950,000 $163,889
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 5 $2,945,000 $589,000
SALISBURY, MD-DE 15 $2,925,000 $195,000
KINGSPORT-BRISTOL, TN-VA 21 $2,905,000 $138,333
YORK-HANOVER, PA 13 $2,865,000 $220,385
ODESSA, TX 16 $2,820,000 $176,250
ELGIN, IL 12 $2,760,000 $230,000
FAIRBANKS, AK 8 $2,670,000 $333,750
YAKIMA, WA 16 $2,640,000 $165,000
NORTH PORT-SARASOTA-BRADENTON, FL 12 $2,560,000 $213,333
MIDLAND, TX 9 $2,515,000 $279,444
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 13 $2,485,000 $191,154
WACO, TX 10 $2,450,000 $245,000
WINCHESTER, VA-WV 8 $2,440,000 $305,000
CORPUS CHRISTI, TX 13 $2,425,000 $186,538
DURHAM-CHAPEL HILL, NC 11 $2,415,000 $219,545
SAN LUIS OBISPO-PASO ROBLES, CA 6 $2,380,000 $396,667
CARSON CITY, NV 10 $2,370,000 $237,000
CALIFORNIA-LEXINGTON PARK, MD 12 $2,360,000 $196,667
VISALIA, CA 14 $2,250,000 $160,714
SAN RAFAEL, CA 3 $2,195,000 $731,667
READING, PA 11 $2,185,000 $198,636
HAGERSTOWN-MARTINSBURG, MD-WV 10 $2,150,000 $215,000
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 12 $2,150,000 $179,167
KNOXVILLE, TN 8 $2,140,000 $267,500
CHARLOTTE-CONCORD-GASTONIA, NC-SC 8 $2,130,000 $266,250
MONROE, MI 12 $2,060,000 $171,667
GRAND RAPIDS-KENTWOOD, MI 18 $2,040,000 $113,333
SANTA FE, NM 9 $1,795,000 $199,444
CHATTANOOGA, TN-GA 5 $1,775,000 $355,000
KAHULUI-WAILUKU-LAHAINA, HI 2 $1,730,000 $865,000
TEXARKANA, TX-AR 9 $1,585,000 $176,111
LANSING-EAST LANSING, MI 12 $1,580,000 $131,667
MEMPHIS, TN-MS-AR 11 $1,485,000 $135,000
PROVIDENCE-WARWICK, RI-MA 4 $1,470,000 $367,500
INDIANAPOLIS-CARMEL-ANDERSON, IN 12 $1,430,000 $119,167
LAKE COUNTY-KENOSHA COUNTY, IL-WI 6 $1,400,000 $233,333
BANGOR, ME 8 $1,360,000 $170,000
MEDFORD, OR 6 $1,330,000 $221,667
POCATELLO, ID 7 $1,295,000 $185,000
GREENSBORO-HIGH POINT, NC 9 $1,285,000 $142,778
SANTA MARIA-SANTA BARBARA, CA 4 $1,270,000 $317,500
CLEVELAND-ELYRIA, OH 10 $1,220,000 $122,000
PALM BAY-MELBOURNE-TITUSVILLE, FL 5 $1,215,000 $243,000
SANTA ROSA-PETALUMA, CA 4 $1,150,000 $287,500
OKLAHOMA CITY, OK 6 $1,140,000 $190,000
CHARLESTON-NORTH CHARLESTON, SC 5 $1,095,000 $219,000
MICHIGAN CITY-LA PORTE, IN 7 $1,085,000 $155,000
CINCINNATI, OH-KY-IN 3 $1,085,000 $361,667
LAKELAND-WINTER HAVEN, FL 6 $1,020,000 $170,000
ELKHART-GOSHEN, IN 8 $1,020,000 $127,500
TOLEDO, OH 5 $985,000 $197,000
BRIDGEPORT-STAMFORD-NORWALK, CT 3 $985,000 $328,333
PANAMA CITY, FL 8 $970,000 $121,250
RACINE, WI 5 $965,000 $193,000
HUNTSVILLE, AL 3 $955,000 $318,333
CAPE CORAL-FORT MYERS, FL 4 $930,000 $232,500
Outside of Metro Areas 8 $920,000 $115,000
RICHMOND, VA 4 $910,000 $227,500
GOLDSBORO, NC 4 $900,000 $225,000
NEW BRUNSWICK-LAKEWOOD, NJ 3 $805,000 $268,333
ATHENS-CLARKE COUNTY, GA 3 $765,000 $255,000
LAS CRUCES, NM 4 $740,000 $185,000
BRUNSWICK, GA 2 $740,000 $370,000
DOVER, DE 4 $730,000 $182,500
SIERRA VISTA-DOUGLAS, AZ 5 $715,000 $143,000
DAPHNE-FAIRHOPE-FOLEY, AL 1 $705,000 $705,000
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 2 $690,000 $345,000
KILLEEN-TEMPLE, TX 5 $685,000 $137,000
LAFAYETTE-WEST LAFAYETTE, IN 6 $680,000 $113,333
HATTIESBURG, MS 4 $680,000 $170,000
MADERA, CA 4 $650,000 $162,500
JACKSON, MI 4 $650,000 $162,500
GRANTS PASS, OR 3 $645,000 $215,000
APPLETON, WI 3 $585,000 $195,000
ATLANTIC CITY-HAMMONTON, NJ 2 $560,000 $280,000
GAINESVILLE, FL 3 $545,000 $181,667
CHAMBERSBURG-WAYNESBORO, PA 2 $520,000 $260,000
COLLEGE STATION-BRYAN, TX 2 $510,000 $255,000
NEWARK, NJ-PA 2 $510,000 $255,000
GETTYSBURG, PA 3 $505,000 $168,333
NAPA, CA 1 $505,000 $505,000
CASPER, WY 2 $500,000 $250,000
TALLAHASSEE, FL 6 $480,000 $80,000
DECATUR, AL 2 $480,000 $240,000
CHARLOTTESVILLE, VA 1 $475,000 $475,000
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 4 $470,000 $117,500
BATTLE CREEK, MI 1 $465,000 $465,000
ROCHESTER, MN 1 $465,000 $465,000
BARNSTABLE TOWN, MA 1 $465,000 $465,000
BURLINGTON, NC 4 $450,000 $112,500
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 1 $445,000 $445,000
LUBBOCK, TX 1 $425,000 $425,000
TUSCALOOSA, AL 3 $425,000 $141,667
REDDING, CA 1 $425,000 $425,000
OCEAN CITY, NJ 2 $400,000 $200,000
GADSDEN, AL 2 $400,000 $200,000
JANESVILLE-BELOIT, WI 3 $395,000 $131,667
OXNARD-THOUSAND OAKS-VENTURA, CA 1 $395,000 $395,000
PITTSBURGH, PA 1 $395,000 $395,000
PENSACOLA-FERRY PASS-BRENT, FL 2 $390,000 $195,000
IOWA CITY, IA 2 $390,000 $195,000
DULUTH, MN-WI 2 $380,000 $190,000
ROME, GA 2 $380,000 $190,000
ROCKY MOUNT, NC 3 $375,000 $125,000
WARNER ROBINS, GA 1 $375,000 $375,000
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 3 $345,000 $115,000
COLUMBIA, MO 1 $345,000 $345,000
KALAMAZOO-PORTAGE, MI 3 $325,000 $108,333
LAREDO, TX 2 $320,000 $160,000
NAPLES-MARCO ISLAND, FL 1 $295,000 $295,000
SPRINGFIELD, OH 1 $295,000 $295,000
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 2 $290,000 $145,000
ASHEVILLE, NC 1 $285,000 $285,000
LEWISTON, ID-WA 1 $285,000 $285,000
HARRISBURG-CARLISLE, PA 1 $275,000 $275,000
CANTON-MASSILLON, OH 1 $275,000 $275,000
FLORENCE-MUSCLE SHOALS, AL 2 $270,000 $135,000
GREAT FALLS, MT 1 $255,000 $255,000
FLORENCE, SC 1 $245,000 $245,000
JEFFERSON CITY, MO 1 $245,000 $245,000
DES MOINES-WEST DES MOINES, IA 2 $230,000 $115,000
MACON-BIBB COUNTY, GA 2 $230,000 $115,000
BATON ROUGE, LA 1 $225,000 $225,000
AUBURN-OPELIKA, AL 1 $225,000 $225,000
JOHNSON CITY, TN 3 $225,000 $75,000
JONESBORO, AR 2 $220,000 $110,000
CHEYENNE, WY 1 $215,000 $215,000
HOMOSASSA SPRINGS, FL 2 $210,000 $105,000
LOUISVILLE/JEFFERSON COUNTY, KY-IN 2 $210,000 $105,000
NEW BERN, NC 1 $195,000 $195,000
AKRON, OH 1 $185,000 $185,000
OMAHA-COUNCIL BLUFFS, NE-IA 1 $185,000 $185,000
WINSTON-SALEM, NC 1 $185,000 $185,000
TULSA, OK 1 $185,000 $185,000
STATE COLLEGE, PA 1 $175,000 $175,000
ROANOKE, VA 1 $175,000 $175,000
TOPEKA, KS 1 $175,000 $175,000
HANFORD-CORCORAN, CA 1 $175,000 $175,000
NEW ORLEANS-METAIRIE, LA 1 $165,000 $165,000
BLOOMINGTON, IN 1 $145,000 $145,000
ST. LOUIS, MO-IL 1 $145,000 $145,000
LANCASTER, PA 1 $145,000 $145,000
TRENTON-PRINCETON, NJ 1 $145,000 $145,000
BLOOMINGTON, IL 2 $140,000 $70,000
SIOUX FALLS, SD 1 $135,000 $135,000
KOKOMO, IN 2 $130,000 $65,000
MONTGOMERY, AL 1 $125,000 $125,000
SOUTH BEND-MISHAWAKA, IN-MI 1 $125,000 $125,000
MANSFIELD, OH 2 $120,000 $60,000
DUBUQUE, IA 2 $120,000 $60,000
EVANSVILLE, IN-KY 1 $115,000 $115,000
SPRINGFIELD, MO 1 $115,000 $115,000
ANNISTON-OXFORD, AL 1 $95,000 $95,000
MUSKEGON, MI 2 $90,000 $45,000
DALTON, GA 1 $85,000 $85,000
HOT SPRINGS, AR 1 $75,000 $75,000
GULFPORT-BILOXI, MS 1 $55,000 $55,000
MUNCIE, IN 1 $45,000 $45,000

Lendors vary in competitiveness at the per market level-- meaning they may have better terms, deals or promotions based on the mortgaged property's location.

Interest Rate & Spreads

Loan Rate Originations Total Value Average Loan
<2.5% 3,001 $23,905,000 $7,966
2.5-3% 234 $29,210,000 $124,829
3-4% 12,422 $3,543,350,000 $285,248
4-5% 18,186 $4,642,890,000 $255,300
5-6% 4,408 $892,250,000 $202,416
6-7% 316 $32,380,000 $102,468
7-8% 236 $5,930,000 $25,127
Over 8% 11 $2,435,000 $221,364

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 5,896 $172,520,000 $29,261
$100k-200k 10,047 $1,573,185,000 $156,583
$200k-400k 18,467 $5,185,675,000 $280,808
$400k-600k 3,766 $1,745,380,000 $463,457
$600k-1000k 589 $414,305,000 $703,404
$Over $1MM 60 $81,370,000 $1,356,167

Different banks have different objectives. Some banks focus solely on high net worth individuals. Others focus on FHA loans for lower income applicants. Knowing what a bank specializes in allows better optimization given the applicant's financial situation.

LTV Distribution

Loan to Value Originations Total Value Average Loan
20-40% 664 $100,100,000 $150,753
40-60% 2,114 $507,020,000 $239,839
60-80% 8,719 $2,471,135,000 $283,420
80-100% 22,394 $5,797,890,000 $258,904
Over 100% 803 $252,715,000 $314,714
Under 20% 4,131 $43,575,000 $10,548

LTV, or loan-to-value, is the amount loaned relative to a home's value. Lower LTV lending implies a larger downpayment-- reducing risk to the lendor. FHA loans will nearly always have a higher LTV due to the lower downpayment requirements. Higher LTVs may also mean a bank is charging higher fees or interest rates to compensate for their risk exposure.

Applicant Income

Applicant Income Originations Total Value Average Loan
$100k-150k 6,914 $2,148,630,000 $310,765
$150k-250k 3,249 $1,234,305,000 $379,903
$50k-75k 11,557 $2,224,555,000 $192,486
$50k-or less 8,074 $1,064,710,000 $131,869
$75k-100k 7,616 $1,877,930,000 $246,577
$Over $250k 1,044 $500,410,000 $479,320

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 33,162 $7,800,490,000 $235,224
Not provided 2,171 $565,685,000 $260,564
Black 1,979 $395,055,000 $199,624
Asian 1,065 $314,675,000 $295,469
American Indian 281 $53,295,000 $189,662
Native Hawaiian 156 $39,380,000 $252,436
Asian Indian 5 $1,875,000 $375,000
Native Hawiian 1 $525,000 $525,000
Other Asian 1 $375,000 $375,000
Samoan 1 $325,000 $325,000
Japanese 1 $265,000 $265,000
Korean 1 $255,000 $255,000
Vietnamese 1 $235,000 $235,000

Approval Rates

Total approvals of all applications
90.28%

A high approval rate means banks are more selective in who they market to or that they are loosey-goosey with who they lend to. Low approval rates may mean a lendor is more stringent in their lending standards.

Pick Rate

Approvals leading to origination
82.47%

A bank's pick rate is how often they are chosen by an applicant once approved. A high pick rate typically means the bank has some sort of advantage-- either the best terms (rates/fees), fastest closing time or even the best customer service. Banks with <75% pick rate may need further investigation as to why they are not more competitive.

Points and Fees

Points Originations Total Value Average Loan
NA 38,825 $9,172,435,000 $236,251

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 6,077 $665,465,000 $109,506
$1k-2k 13,755 $3,620,235,000 $263,194
$2k-3k 6,718 $1,481,110,000 $220,469
$3k-4k 8,040 $2,163,170,000 $269,051
$5k+ 3,187 $1,152,365,000 $361,583

Banks make money on their float/interest spread (fees charged to borrowers vs fees they pay for their capital), for servicing loans, as well as charging origination fees when a loan is disbursed. Modern low-cost efficient lendors can have fees totaling less than $500 for many mortgages-- as low as $250 in some cases. Average lendors will be in the $1k-2k range and high cost lendors will be even more. The costs incurred by the bank will be similar no matter the loan amount, so this is to be viewed as a profit center for most banks.

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 1,300 $188,600,000 $145,077
Single Family (1-4 Units):Site-Built 37,525 $8,983,835,000 $239,409