Voya Investment Management Mortgage Rates, Fees & Info
Atlanta, GALEI: MZJU01BGQ7J1KULQSB89
Tax ID: 58-2361003
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Voya Investment Management is a smaller mortgage company specializing in Refi loans. Voya Investment Management has a high proportion of conventional loans.Voya Investment Management has an above average approval rate when compared to the average across all lenders. Voya Investment Management 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.
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Originations
47Origination Dollar Volume (All Markets)
$757,285,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Outside of Metro Areas | 47 | $757,285,000 | $16,112,447 | $252,415 | 4.74% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 47 | $757,285,000 | $16,112,447 | $252,415 | 4.74% |
For 2018, Voya Investment Management's most frequently originated type of loan was Conventional, with 47 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 47 | $757,285,000 | $16,112,447 | $252,415 | 4.74% |
For 2018, Voya Investment Management's most frequently cited loan purpose was Refi, with 47 originations.
Loan Duration/Length
For 2018, Voya Investment Management's most frequently cited loan duration was 3 Year, with 23 originations. The 2nd most popular length was Other, with 11 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $5k+ | 44 | $743,430,000 | $16,896,136 |
| $<1k | 3 | $13,855,000 | $4,618,333 |
Voya Investment Management's average total fees were $294,086, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 44 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 19 | $379,025,000 | $19,948,684 |
| 5-6% | 19 | $187,215,000 | $9,853,421 |
| 3-4% | 9 | $191,045,000 | $21,227,222 |
During 2018, Voya Investment Management's average interest rate for loans was 4.42%, while their most frequently originated rate bucket for loans was 4-5%, with 19 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 46 | $756,440,000 | $16,444,348 | $257,719 | 4.72% |
| $600k-1MM | 1 | $845,000 | $845,000 | $8,400 | 5.70% |
2018 saw Voya Investment Management place emphasis on $1MM+ loans with 46 originations, totaling $756,440,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Native Hawaiian or Islander | 47 | $757,285,000 | $16,112,447 | $252,415 | 4.74% |
Approval Rates
Total approvals of all applications100.00%
Voya Investment Management has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 47 | $757,285,000 | $16,112,447 |