Directors Mortgage Rates, Fees & Info

LAKE OSWEGO, OR

LEI: 549300ZBXINP1Y94CN02

Tax ID: 93-1248952

1.6 stars - out of 5 stars, based on 64 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Directors Mortgage is a small mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Directors Mortgage 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 Portland, Seattle, Bend, Eugene, and Phoenix among others. Directors Mortgage 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. Directors Mortgage is typically a high fee lendor.


Originations

4,080

Origination Dollar Volume (All Markets)

$1,537,070,000

Relative Rate

Directors Mortgage 's average 30 year fixed rate mortgage of loans were 3.26%.

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

Directors Mortgage 's average total fees for a 30 year fixed rate mortgage are $7,773.

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
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1,688 $644,640,000 $381,896 $7,454 3.24%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 533 $254,225,000 $476,970 $9,619 3.24%
BEND, OR (FHA|USDA|VA) 273 $108,265,000 $396,575 $8,380 3.16%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 359 $106,985,000 $298,008 $7,251 3.17%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 115 $41,225,000 $358,478 $6,338 3.53%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 83 $33,615,000 $405,000 $5,627 3.33%
SALEM, OR (FHA|USDA|VA) 96 $30,090,000 $313,438 $7,207 3.23%
Hood River, OR (FHA|USDA|VA) 81 $28,245,000 $348,704 $6,014 3.12%
CORVALLIS, OR (FHA|USDA|VA) 77 $27,505,000 $357,208 $7,086 3.18%
Outside of Metro Areas 81 $24,615,000 $303,889 $7,194 3.20%
Coos Bay, OR (FHA|USDA|VA) 77 $19,855,000 $257,857 $6,216 3.27%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 64 $19,690,000 $307,656 $6,817 3.28%
ALBANY-LEBANON, OR (FHA|USDA|VA) 60 $16,350,000 $272,500 $6,713 3.19%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 49 $15,915,000 $324,796 $6,466 3.17%
Astoria, OR (FHA|USDA|VA) 43 $12,835,000 $298,488 $5,840 3.06%
Oak Harbor, WA (FHA|USDA|VA) 26 $12,750,000 $490,385 $8,870 3.15%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 8 $9,730,000 $1,216,250 $12,759 3.48%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 21 $9,725,000 $463,095 $7,218 3.08%
Prineville, OR (FHA|USDA|VA) 21 $8,505,000 $405,000 $10,068 3.23%
The Dalles, OR (FHA|USDA|VA) 27 $8,235,000 $305,000 $7,610 3.17%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 12 $7,260,000 $605,000 $8,813 3.02%
WENATCHEE, WA (FHA|USDA|VA) 11 $6,795,000 $617,727 $13,763 3.27%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 12 $5,860,000 $488,333 $7,833 3.39%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 15 $5,815,000 $387,667 $7,128 3.51%
Newport, OR (FHA|USDA|VA) 19 $5,735,000 $301,842 $6,587 3.15%
Roseburg, OR (FHA|USDA|VA) 18 $4,480,000 $248,889 $7,401 3.32%
LONGVIEW, WA (FHA|USDA|VA) 13 $4,475,000 $344,231 $6,903 3.29%
Moses Lake, WA (FHA|USDA|VA) 21 $4,325,000 $205,952 $6,343 2.88%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 11 $3,885,000 $353,182 $6,425 3.04%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 11 $3,695,000 $335,909 $7,186 3.31%
BOISE CITY, ID (FHA|USDA|VA) 9 $3,125,000 $347,222 $9,664 4.00%
Klamath Falls, OR (FHA|USDA|VA) 9 $3,045,000 $338,333 $9,455 3.37%
Centralia, WA (FHA|USDA|VA) 7 $2,685,000 $383,571 $5,928 3.07%
Shelton, WA (FHA|USDA|VA) 5 $2,365,000 $473,000 $14,823 3.12%
GRANTS PASS, OR (FHA|USDA|VA) 6 $2,120,000 $353,333 $9,180 3.46%
PROVO-OREM, UT (FHA|USDA|VA) 3 $1,955,000 $651,667 $8,601 3.28%
Brookings, OR (FHA|USDA|VA) 6 $1,920,000 $320,000 $8,698 4.73%
BELLINGHAM, WA (FHA|USDA|VA) 5 $1,915,000 $383,000 $7,298 3.02%
Outside of Metro Areas 6 $1,750,000 $291,667 $6,033 3.29%
Ellensburg, WA (FHA|USDA|VA) 5 $1,735,000 $347,000 $5,672 3.12%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 4 $1,590,000 $397,500 $7,821 3.44%
Aberdeen, WA (FHA|USDA|VA) 7 $1,575,000 $225,000 $7,058 3.15%
YAKIMA, WA (FHA|USDA|VA) 6 $1,560,000 $260,000 $6,683 3.38%
TUCSON, AZ (FHA|USDA|VA) 5 $1,485,000 $297,000 $11,179 3.11%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $1,480,000 $370,000 $9,268 5.43%
BOULDER, CO (FHA|USDA|VA) 2 $1,460,000 $730,000 $6,054 3.25%
Hermiston-Pendleton, OR (FHA|USDA|VA) 5 $1,405,000 $281,000 $10,080 2.90%
STOCKTON, CA (FHA|USDA|VA) 3 $1,245,000 $415,000 $8,773 3.34%
MEDFORD, OR (FHA|USDA|VA) 4 $1,170,000 $292,500 $7,860 3.15%
GREELEY, CO (FHA|USDA|VA) 3 $1,105,000 $368,333 $9,748 3.17%
Show Low, AZ (FHA|USDA|VA) 3 $1,095,000 $365,000 $6,498 3.69%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $1,000,000 $500,000 $16,914 2.93%
NAPA, CA (FHA|USDA|VA) 1 $745,000 $745,000 $15,587 2.75%
Othello, WA (FHA|USDA|VA) 3 $735,000 $245,000 $10,498 3.29%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 2 $650,000 $325,000 $7,086 3.25%
WALLA WALLA, WA (FHA|USDA|VA) 2 $560,000 $280,000 $6,606 3.12%
Eureka-Arcata, CA (FHA|USDA|VA) 2 $530,000 $265,000 $4,166 3.06%
Taos, NM (FHA|USDA|VA) 1 $525,000 $525,000 $3,677 3.25%
Breckenridge, CO (FHA|USDA|VA) 1 $505,000 $505,000 $4,105 3.63%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $495,000 $495,000 $5,726 3.38%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $485,000 $485,000 $2,000 2.63%
Ukiah, CA (FHA|USDA|VA) 2 $480,000 $240,000 $4,826 3.71%
Durango, CO (FHA|USDA|VA) 1 $455,000 $455,000 $12,193 3.00%
Port Angeles, WA (FHA|USDA|VA) 2 $450,000 $225,000 $5,041 3.19%
La Grande, OR (FHA|USDA|VA) 3 $435,000 $145,000 $5,087 3.68%
LEWISTON, ID-WA (FHA|USDA|VA) 2 $420,000 $210,000 $8,677 3.06%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $415,000 $415,000 $7,305 3.50%
VALLEJO, CA (FHA|USDA|VA) 1 $405,000 $405,000 $8,951 4.10%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $365,000 $365,000 $3,262 2.88%
ST. GEORGE, UT (FHA|USDA|VA) 1 $355,000 $355,000 $4,114 3.58%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $345,000 $345,000 $12,841 3.75%
Ontario, OR-ID (FHA|USDA|VA) 1 $325,000 $325,000 $9,133 3.25%
MODESTO, CA (FHA|USDA|VA) 1 $315,000 $315,000 $6,066 3.38%
Mountain Home, ID (FHA|USDA|VA) 2 $310,000 $155,000 $6,093 3.45%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $295,000 $295,000 $9,408 3.13%
Sonora, CA (FHA|USDA|VA) 1 $275,000 $275,000 $9,618 3.25%
VISALIA, CA (FHA|USDA|VA) 1 $265,000 $265,000 $6,764 3.58%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $265,000 $265,000 $3,331 2.99%
YUMA, AZ (FHA|USDA|VA) 2 $250,000 $125,000 $7,739 3.00%
Burley, ID (FHA|USDA|VA) 1 $235,000 $235,000 $6,131 3.13%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $235,000 $235,000 $7,461 3.50%
FORT COLLINS, CO (FHA|USDA|VA) 1 $195,000 $195,000 $3,449 3.63%
REDDING, CA (FHA|USDA|VA) 1 $185,000 $185,000 $5,980 3.25%
TWIN FALLS, ID (FHA|USDA|VA) 1 $175,000 $175,000 $6,240 3.13%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $145,000 $145,000 $3,215 2.48%
MADERA, CA (FHA|USDA|VA) 1 $135,000 $135,000 $4,186 3.20%

Directors Mortgage 's top markets include Portland, Seattle, Bend, Eugene, and Phoenix among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 3,395 $1,276,105,000 $375,878 $6,829 3.26%
FHA 420 $152,080,000 $362,095 $13,005 3.27%
VA 239 $100,735,000 $421,485 $9,641 2.90%
USDA 26 $8,150,000 $313,462 $9,009 2.87%

For the 2021 period, Directors Mortgage 's most frequently originated loan type of loans were Conventional, with 3,395 originations. Their 2nd most popular type is FHA, with 420 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 2,000 $826,890,000 $413,445 $8,677 3.30%
Refi 1,090 $369,570,000 $339,055 $6,112 3.05%
Cash Out Refi 990 $340,610,000 $344,051 $7,286 3.31%

For the 2021, Directors Mortgage 's most frequently cited loan purpose of loans were Home Purchase, with 2,000 originations. The 2nd most popular reason of loans were Refi, with 1,090 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 3,812 $1,464,490,000 $384,179 $7,773 3.26%
15 Year 196 $53,830,000 $274,643 $5,949 2.70%
20 Year 63 $16,615,000 $263,730 $5,951 3.08%
10 Year 6 $1,070,000 $178,333 $5,205 2.58%
1 Year 1 $425,000 $425,000 $9,300 6.95%
5 Year 1 $275,000 $275,000 $3,698 3.99%
Other 1 $365,000 $365,000 $3,759 2.88%

For the 2021, Directors Mortgage 's most frequently cited loan length of loans were 30 Year, with 3,812 originations. The 2nd most popular length of loans were 15 Year, with 196 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 1,176 $410,860,000 $349,371
$3k-4k 1,056 $359,810,000 $340,729
$5k+ 1,004 $496,710,000 $494,731
$2k-3k 699 $223,235,000 $319,363
$<1k 113 $42,615,000 $377,124

$7,773 of loans were Directors Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,176 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 2,402 $927,400,000 $386,095
2.5-3% 1,383 $506,895,000 $366,518
4-5% 140 $55,270,000 $394,786
<2.5% 131 $41,575,000 $317,366
5-6% 12 $2,460,000 $205,000
Over 8% 8 $2,390,000 $298,750
6-7% 4 $1,080,000 $270,000

During 2021, Directors Mortgage 's average interest rate of loans were 3.26%, while their most frequently originated rate bucket of loans were 3-4%, with 2,402 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 2,109 $643,485,000 $305,114 $6,898 3.24%
$400k-600k 1,208 $578,490,000 $478,882 $8,528 3.23%
$100k-200k 420 $66,900,000 $159,286 $5,036 3.17%
$600k-1MM 250 $183,250,000 $733,000 $12,641 3.20%
$100,000 or less 49 $3,915,000 $79,898 $3,880 3.84%
$1MM+ 44 $61,030,000 $1,387,045 $18,249 3.34%

2021 saw Directors Mortgage place emphasis on $200k-400k loans with 2,109 originations, totaling $643,485,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 1,033 $417,665,000 $404,322 $7,944 3.25%
$50k-75k 837 $245,275,000 $293,041 $7,212 3.20%
$75k-100k 812 $278,950,000 $343,534 $7,443 3.26%
$150k-250k 706 $328,880,000 $465,836 $8,236 3.28%
$50k or less 370 $89,200,000 $241,081 $6,118 3.15%
$250k+ 259 $154,265,000 $595,618 $9,894 3.31%

Directors Mortgage lent most frequently to those with incomes in the $100k-150k range, with 1,033 originations. The second most popular income band? $50k-75k, with 837 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 731 $281,215,000 $384,699 $7,432 3.23%
20-30% 725 $262,735,000 $362,393 $6,617 3.15%
<20% 219 $80,375,000 $367,009 $6,578 3.18%
44% 215 $82,215,000 $382,395 $7,893 3.29%
49% 180 $65,270,000 $362,611 $8,207 3.25%
42% 174 $69,100,000 $397,126 $7,698 3.30%
43% 173 $63,515,000 $367,139 $7,680 3.21%
50-60% 170 $66,900,000 $393,529 $12,486 3.27%
40% 167 $62,215,000 $372,545 $7,485 3.22%
41% 167 $61,745,000 $369,731 $7,853 3.30%
36% 152 $57,120,000 $375,789 $7,406 3.22%
37% 147 $59,245,000 $403,027 $7,825 3.30%
38% 147 $58,775,000 $399,830 $7,859 3.33%
48% 139 $51,235,000 $368,597 $8,252 3.34%
39% 138 $50,690,000 $367,319 $7,897 3.32%
45% 132 $48,060,000 $364,091 $7,931 3.29%
47% 122 $42,720,000 $350,164 $7,814 3.24%
46% 106 $38,710,000 $365,189 $7,997 3.28%
>60% 10 $3,670,000 $367,000 $8,379 3.40%

Directors Mortgage lent most frequently to those with DTI ratios of 30-36%, with 731 originations. The next most common DTI ratio? 20-30%, with 725 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 2,922 $1,072,530,000 $367,053 $7,392 3.23%
Not provided 879 $346,195,000 $393,851 $8,124 3.23%
Asian 155 $68,095,000 $439,323 $8,470 3.38%
Black 75 $31,145,000 $415,267 $10,157 3.35%
American Indian 32 $11,770,000 $367,813 $8,453 3.26%
Native Hawaiian 17 $7,335,000 $431,471 $7,856 3.30%

Approval Rates

Total approvals of all applications
96.58%

Directors Mortgage 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
68.19%

Directors Mortgage 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 4,080 $1,537,070,000 $376,733

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
4,080 $1,537,070,000 $376,733

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 258 $59,190,000 $229,419 $5,283 3.11%
40-60% 705 $236,965,000 $336,121 $6,191 3.09%
60-80% 1,524 $611,640,000 $401,339 $7,455 3.29%
80-100% 1,470 $593,220,000 $403,551 $8,740 3.25%
Over 100% 46 $22,340,000 $485,652 $18,506 3.04%
Under 20% 52 $5,590,000 $107,500 $4,512 4.04%

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%