Direct Mortgage Corp. Rates, Fees & Info

Salt Lake City, UT

LEI: 549300XAHXRVSRML8V19

Tax ID: 87-0530005

2.4 stars - out of 5 stars, based on 54 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Direct Mortgage Corp. is a smaller mortgage company specializing in Refi, Cash Out Refi, and Home Purchase loans. Direct Mortgage Corp. 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, Provo, Ogden, Phoenix, and Riverside among others. We have data for 107 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Direct Mortgage Corp. has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Direct Mortgage Corp. is typically a high 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.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.58% 12/4/22
    30 Year Conventional Refi 6.58% 12/4/22
    30 Year Cash-out Refi 6.58% 12/4/22
    30 Year FHA Purchase 6.58% 12/4/22
    30 Year FHA Refi 6.58% 12/4/22
    30 Year VA Purchase 6.58% 12/4/22
    30 Year VA Refi 6.58% 12/4/22
    30 Year USDA Purchase 6.58% 12/4/22
    30 Year USDA Refi 6.58% 12/4/22
    15 Year Conventional Purchase 5.76% 12/4/22
    15 Year Conventional Refi 5.76% 12/4/22
    15 Year Cash-out Refi 5.76% 12/4/22
    15 Year VA Refi 5.76% 12/4/22
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    2,879

    Origination Dollar Volume (All Markets)

    $915,975,000
    Show all (7) awards

    Relative Rate

    Direct Mortgage Corp.'s average 30 year fixed mortgage rate was 3.04%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.11%.

    Relative Fees (Closing Costs)

    Direct Mortgage Corp.'s average total fees/closing costs for a 30 year fixed rate mortgage were $7,728.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    Top 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) 1,035 $337,335,000 $325,928 $6,351 2.96%
    PROVO-OREM, UT (FHA|USDA|VA) 441 $145,725,000 $330,442 $7,849 2.92%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 334 $107,330,000 $321,347 $6,815 2.95%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 183 $54,965,000 $300,355 $9,071 3.07%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 121 $37,585,000 $310,620 $11,077 3.01%
    ST. GEORGE, UT (FHA|USDA|VA) 55 $18,735,000 $340,636 $7,554 3.03%
    Heber, UT (FHA|USDA|VA) 38 $15,770,000 $415,000 $6,233 2.88%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 50 $15,200,000 $304,000 $7,464 2.97%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 39 $15,125,000 $387,821 $12,098 3.02%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 43 $14,685,000 $341,512 $10,122 3.01%
    Outside of Metro Areas 64 $13,990,000 $218,594 $6,179 3.05%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 29 $12,305,000 $424,310 $12,278 2.82%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 38 $10,160,000 $267,368 $4,548 3.03%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 37 $9,105,000 $246,081 $8,563 2.92%
    LOGAN, UT-ID (FHA|USDA|VA) 26 $7,160,000 $275,385 $5,846 3.09%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 12 $6,700,000 $558,333 $10,843 3.03%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 16 $6,460,000 $403,750 $9,575 3.08%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 22 $6,370,000 $289,545 $10,079 2.86%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 20 $5,760,000 $288,000 $10,466 2.91%
    BOULDER, CO (FHA|USDA|VA) 11 $4,035,000 $366,818 $9,836 2.88%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 16 $3,790,000 $236,875 $7,486 2.98%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 9 $3,755,000 $417,222 $12,370 3.07%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 11 $3,295,000 $299,545 $9,467 2.97%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 8 $3,020,000 $377,500 $7,455 2.42%
    STOCKTON, CA (FHA|USDA|VA) 10 $2,940,000 $294,000 $11,864 2.88%
    Vernal, UT (FHA|USDA|VA) 12 $2,760,000 $230,000 $5,735 2.92%
    BOISE CITY, ID (FHA|USDA|VA) 10 $2,620,000 $262,000 $7,707 2.90%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 9 $2,285,000 $253,889 $8,650 2.83%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 5 $2,265,000 $453,000 $8,036 3.30%
    VALLEJO, CA (FHA|USDA|VA) 4 $2,000,000 $500,000 $15,110 3.38%
    FRESNO, CA (FHA|USDA|VA) 6 $1,630,000 $271,667 $7,077 2.85%
    JACKSONVILLE, FL (FHA|USDA|VA) 7 $1,625,000 $232,143 $8,599 2.84%
    Cedar City, UT (FHA|USDA|VA) 7 $1,595,000 $227,857 $6,600 3.21%
    BAKERSFIELD, CA (FHA|USDA|VA) 7 $1,585,000 $226,429 $7,205 3.07%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 6 $1,560,000 $260,000 $9,431 2.90%
    LAFAYETTE, LA (FHA|USDA|VA) 9 $1,545,000 $171,667 $9,136 3.00%
    YUBA CITY, CA (FHA|USDA|VA) 4 $1,340,000 $335,000 $10,177 3.06%
    GREELEY, CO (FHA|USDA|VA) 4 $1,240,000 $310,000 $8,665 2.84%
    Show Low, AZ (FHA|USDA|VA) 4 $1,180,000 $295,000 $6,938 2.91%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $1,030,000 $257,500 $7,619 2.34%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 4 $1,010,000 $252,500 $6,696 2.91%
    Price, UT (FHA|USDA|VA) 5 $995,000 $199,000 $3,810 3.20%
    RENO, NV (FHA|USDA|VA) 3 $965,000 $321,667 $10,367 3.29%
    GRAND JUNCTION, CO (FHA|USDA|VA) 3 $925,000 $308,333 $9,773 3.46%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 3 $905,000 $301,667 $9,166 3.08%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $800,000 $400,000 $7,999 2.63%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 5 $765,000 $153,000 $4,758 3.65%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $750,000 $375,000 $6,717 2.75%
    THE VILLAGES, FL (FHA|USDA|VA) 3 $745,000 $248,333 $8,163 2.92%
    Breckenridge, CO (FHA|USDA|VA) 2 $700,000 $350,000 $5,917 2.81%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $680,000 $340,000 $4,319 3.13%
    PUNTA GORDA, FL (FHA|USDA|VA) 3 $655,000 $218,333 $6,352 2.67%
    TUCSON, AZ (FHA|USDA|VA) 4 $630,000 $157,500 $6,718 2.97%
    Mountain Home, ID (FHA|USDA|VA) 2 $610,000 $305,000 $8,446 2.63%
    IDAHO FALLS, ID (FHA|USDA|VA) 3 $575,000 $191,667 $4,420 3.08%
    TWIN FALLS, ID (FHA|USDA|VA) 2 $550,000 $275,000 $4,426 2.94%
    Rexburg, ID (FHA|USDA|VA) 1 $535,000 $535,000 $5,616 3.25%
    Opelousas, LA (FHA|USDA|VA) 3 $525,000 $175,000 $9,500 2.96%
    TYLER, TX (FHA|USDA|VA) 1 $515,000 $515,000 $6,002 3.13%
    Oak Harbor, WA (FHA|USDA|VA) 1 $515,000 $515,000 $13,711 2.88%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $500,000 $250,000 $9,877 2.88%
    MERCED, CA (FHA|USDA|VA) 2 $480,000 $240,000 $11,080 2.81%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $470,000 $235,000 $6,609 3.31%
    MODESTO, CA (FHA|USDA|VA) 2 $470,000 $235,000 $11,250 2.56%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $460,000 $230,000 $6,902 2.69%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $450,000 $225,000 $7,435 2.94%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $445,000 $445,000 $15,602 2.88%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $435,000 $435,000 $11,141 3.25%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $435,000 $435,000 $17,326 3.50%
    PUEBLO, CO (FHA|USDA|VA) 2 $410,000 $205,000 $8,118 2.75%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 1 $405,000 $405,000 $2,091 2.38%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $370,000 $185,000 $6,543 3.06%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $355,000 $355,000 $1,375 3.25%
    VISALIA, CA (FHA|USDA|VA) 1 $355,000 $355,000 $17,349 2.75%
    CHICO, CA (FHA|USDA|VA) 2 $350,000 $175,000 $6,559 3.69%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $335,000 $335,000 $2,634 3.50%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $320,000 $160,000 $5,672 2.94%
    OCALA, FL (FHA|USDA|VA) 2 $320,000 $160,000 $6,304 3.13%
    Sonora, CA (FHA|USDA|VA) 1 $315,000 $315,000 $8,192 2.88%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $305,000 $305,000 $13,695 3.38%
    WENATCHEE, WA (FHA|USDA|VA) 1 $305,000 $305,000 $9,265 2.38%
    FARMINGTON, NM (FHA|USDA|VA) 1 $305,000 $305,000 $2,870 2.88%
    Fernley, NV (FHA|USDA|VA) 1 $295,000 $295,000 $9,007 3.25%
    YUMA, AZ (FHA|USDA|VA) 1 $295,000 $295,000 $17,141 2.75%
    GRANTS PASS, OR (FHA|USDA|VA) 1 $285,000 $285,000 $14,100 2.88%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $275,000 $275,000 $7,895 2.88%
    Fort Morgan, CO (FHA|USDA|VA) 1 $265,000 $265,000 $12,583 2.75%
    SALINAS, CA (FHA|USDA|VA) 1 $265,000 $265,000 $11,773 2.88%
    Moses Lake, WA (FHA|USDA|VA) 1 $255,000 $255,000 $9,622 3.50%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $255,000 $255,000 $7,383 2.13%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $255,000 $255,000 $7,612 3.63%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $250,000 $125,000 $4,544 3.19%
    EL CENTRO, CA (FHA|USDA|VA) 1 $245,000 $245,000 $6,691 3.50%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $245,000 $245,000 $7,830 2.50%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $235,000 $235,000 $2,841 2.88%
    Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $225,000 $225,000 $7,861 3.25%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $225,000 $225,000 $8,136 2.88%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $215,000 $215,000 $11,138 4.25%
    FLAGSTAFF, AZ (FHA|USDA|VA) 1 $205,000 $205,000 $6,148 2.88%
    Craig, CO (FHA|USDA|VA) 1 $205,000 $205,000 $4,945 2.88%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $195,000 $195,000 $6,768 2.00%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $185,000 $185,000 $9,138 3.38%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $165,000 $165,000 $3,974 3.38%
    Lufkin, TX (FHA|USDA|VA) 1 $155,000 $155,000 $5,996 2.50%
    YAKIMA, WA (FHA|USDA|VA) 1 $125,000 $125,000 $6,192 2.38%
    REDDING, CA (FHA|USDA|VA) 1 $85,000 $85,000 $5,706 3.63%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $65,000 $65,000 $1,765 3.13%
    Direct Mortgage Corp.'s top markets include Salt Lake City, Provo, Ogden, Phoenix, and Riverside among others.

    Their top states include:
  • Utah (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against DIRECT MORTGAGE CORP. 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 2,512 $794,180,000 $316,154 $6,799 3.01%
    FHA 245 $79,765,000 $325,571 $13,170 2.74%
    VA 88 $33,500,000 $380,682 $10,910 2.52%
    USDA 34 $8,530,000 $250,882 $10,288 2.72%

    For 2021, Direct Mortgage Corp.'s most frequently originated type of loan was Conventional, with 2,512 originations. Their 2nd most popular type was FHA, with 245 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,023 $301,065,000 $294,296 $6,558 2.84%
    Cash Out Refi 939 $295,565,000 $314,766 $7,993 3.05%
    Home Purchase 914 $318,730,000 $348,720 $8,073 3.03%
    Home Improvement 3 $615,000 $205,000 $7,349 2.83%

    For 2021, Direct Mortgage Corp.'s most frequently cited loan purpose was Refi, with 1,023 originations. The 2nd most popular reason was Cash Out Refi, with 939 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,479 $810,215,000 $326,831 $7,728 3.04%
    15 Year 249 $65,755,000 $264,076 $6,177 2.41%
    20 Year 91 $25,445,000 $279,615 $6,851 2.82%
    Other 32 $8,410,000 $262,813 $5,515 2.87%
    10 Year 28 $6,150,000 $219,643 $4,278 2.39%

    For 2021, Direct Mortgage Corp.'s most frequently cited loan duration was 30 Year, with 2,479 originations. The 2nd most popular length was 15 Year, with 249 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 1,325 $451,925,000 $341,075
    $<1k 726 $234,290,000 $322,713
    $1k-2k 257 $77,965,000 $303,366
    $4k-5k 223 $56,435,000 $253,072
    $3k-4k 182 $45,960,000 $252,527
    $2k-3k 166 $49,400,000 $297,590

    Direct Mortgage Corp.'s average total fees were $7,728, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,325 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,410 $455,710,000 $323,199
    3-4% 971 $315,595,000 $325,021
    <2.5% 447 $137,835,000 $308,356
    4-5% 45 $6,725,000 $149,444
    5-6% 6 $110,000 $18,333

    During 2021, Direct Mortgage Corp.'s average interest rate for loans was 3.04%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,410 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,686 $499,190,000 $296,079 $7,594 2.95%
    $400k-600k 651 $308,335,000 $473,633 $9,362 2.96%
    $100k-200k 399 $65,035,000 $162,995 $5,305 2.90%
    $100,000 or less 87 $3,695,000 $42,471 $1,606 3.67%
    $600k-1MM 55 $38,715,000 $703,909 $8,216 3.09%
    $1MM+ 1 $1,005,000 $1,005,000 $8,503 3.00%

    2021 saw Direct Mortgage Corp. place emphasis on $200k-400k loans with 1,686 originations, totaling $499,190,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 804 $223,710,000 $278,246 $7,069 2.95%
    $75k-100k 654 $214,820,000 $328,471 $7,854 2.99%
    $100k-150k 614 $216,450,000 $352,524 $7,909 2.98%
    $150k-250k 339 $135,685,000 $400,251 $8,020 2.97%
    $50k or less 316 $67,310,000 $213,006 $6,223 2.96%
    $250k+ 110 $46,260,000 $420,545 $8,409 2.92%

    Direct Mortgage Corp. lent most frequently to those with incomes in the $50k-75k range, with 804 originations. The second most popular income band? $75k-100k, with 654 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 536 $158,170,000 $295,093 $6,422 2.91%
    30-36% 461 $143,785,000 $311,898 $7,260 2.99%
    <20% 265 $69,705,000 $263,038 $5,978 3.01%
    44% 153 $53,015,000 $346,503 $7,707 3.06%
    40% 131 $44,115,000 $336,756 $7,640 3.02%
    50-60% 131 $43,025,000 $328,435 $11,771 2.81%
    42% 128 $44,550,000 $348,047 $8,060 2.96%
    43% 126 $42,500,000 $337,302 $8,351 3.04%
    45% 112 $37,370,000 $333,661 $8,290 3.00%
    36% 105 $36,065,000 $343,476 $7,214 3.01%
    37% 102 $31,630,000 $310,098 $7,556 2.99%
    39% 99 $31,465,000 $317,828 $6,482 3.04%
    41% 98 $31,780,000 $324,286 $8,306 2.97%
    38% 98 $32,760,000 $334,286 $6,994 2.94%
    49% 85 $28,535,000 $335,706 $7,702 2.90%
    47% 83 $31,915,000 $384,518 $9,387 2.95%
    48% 82 $27,180,000 $331,463 $7,763 2.93%
    46% 74 $24,340,000 $328,919 $9,101 2.90%
    >60% 10 $4,070,000 $407,000 $9,430 3.23%

    Direct Mortgage Corp. lent most frequently to those with DTI ratios of 20-30%, with 536 originations. The next most common DTI ratio? 30-36%, with 461 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,321 $735,365,000 $316,831 $7,221 2.95%
    Not provided 369 $117,585,000 $318,659 $8,302 3.05%
    Asian 117 $41,525,000 $354,915 $8,890 2.93%
    Black 47 $13,935,000 $296,489 $11,684 2.97%
    Native Hawaiian or Islander 18 $5,640,000 $313,333 $8,793 3.38%
    American Indian 7 $1,925,000 $275,000 $6,405 3.23%

    Approval Rates

    Total approvals of all applications
    94.72%

    Direct Mortgage Corp. has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.22%

    Direct Mortgage Corp. has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,879 $915,975,000 $318,157

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,879 $915,975,000 $318,157

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 195 $40,365,000 $207,000 $5,371 2.73%
    40-60% 638 $180,420,000 $282,790 $6,321 2.85%
    60-80% 1,237 $425,485,000 $343,965 $7,785 3.04%
    80-100% 740 $266,430,000 $360,041 $9,203 2.93%
    Under 20% 69 $3,275,000 $47,464 $1,363 3.78%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Direct Mortgage, Corp. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    Direct Mortgage, Corp. Conventional home mortgage Trouble during payment process 2 66.7%