Direct Mortgage Corp. Rates, Fees & Info
Salt Lake City, UTLEI: 549300XAHXRVSRML8V19
Tax ID: 87-0530005
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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 include Salt Lake City, Provo, Ogden, Phoenix, and Riverside among others. Direct Mortgage Corp. has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. Direct Mortgage Corp. is typically a high fee lendor.Originations
2,879Origination Dollar Volume (All Markets)
$915,975,000Awards
DIRECT MORTGAGE CORP. - 2021
DIRECT MORTGAGE CORP. is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Direct Mortgage Corp.'s average 30 year fixed rate mortgage of loans were
3.04%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.11%.
Relative Fees
Direct Mortgage Corp.'s average total fees for a 30 year fixed rate
mortgage are $7,728.
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) | 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.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average 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 the 2021 period, Direct Mortgage Corp.'s most frequently originated loan type of loans were Conventional, with 2,512 originations. Their 2nd most popular type is FHA, with 245 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average 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 the 2021, Direct Mortgage Corp.'s most frequently cited loan purpose of loans were Refi, with 1,023 originations. The 2nd most popular reason of loans were 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 the 2021, Direct Mortgage Corp.'s most frequently cited loan length of loans were 30 Year, with 2,479 originations. The 2nd most popular length of loans were 15 Year, with 249 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $5k+ | 1,325 | $451,925,000 | $341,075 |
| $<1k | 726 | $234,290,000 | $322,713 |
| $3k-4k | 405 | $102,395,000 | $252,827 |
| $1k-2k | 257 | $77,965,000 | $303,366 |
| $2k-3k | 166 | $49,400,000 | $297,590 |
$7,728 of loans were Direct Mortgage Corp.'s average total fees, while their most frequently occuring range of origination fees 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 of loans were 3.04%, while their most frequently originated rate bucket of loans were 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 | 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 applications92.72%
Direct Mortgage Corp. has an average approval rate.
Pick Rate
Approvals leading to origination91.76%
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% |
