Voya Investment Management Mortgage Rates, Fees & Info

Atlanta, GA

LEI: MZJU01BGQ7J1KULQSB89

Tax ID: 58-2361003

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Mortgage Data

Review & Overview

Voya Investment Management is a small 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.

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Originations

57

Origination Dollar Volume (All Markets)

$1,234,855,000

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
Outside of Metro Areas 57 $1,234,855,000 $21,664,123 $118,881 4.39%
Voya Investment Management's top markets include

Their top states include:
  • Texas (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 57 $1,234,855,000 $21,664,123 $118,881 4.39%

    For 2019, Voya Investment Management's most frequently originated type of loan was Conventional, with 57 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 57 $1,234,855,000 $21,664,123 $118,881 4.39%

    For 2019, Voya Investment Management's most frequently cited loan purpose was Refi, with 57 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    3 Year 25 $640,275,000 $25,611,000 $188,745 4.99%
    Other 15 $334,395,000 $22,293,000 $118,314 4.30%
    10 Year 10 $109,350,000 $10,935,000 $8,582 3.44%
    20 Year 5 $107,525,000 $21,505,000 $23,411 3.74%
    5 Year 2 $43,310,000 $21,655,000 $40,000 4.02%

    For 2019, Voya Investment Management's most frequently cited loan duration was 3 Year, with 25 originations. The 2nd most popular length was Other, with 15 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 52 $1,196,180,000 $23,003,462
    $<1k 4 $32,170,000 $8,042,500
    $3k-4k 1 $6,505,000 $6,505,000

    Voya Investment Management's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 52 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 20 $549,370,000 $27,468,500
    3-4% 19 $261,995,000 $13,789,211
    5-6% 18 $423,490,000 $23,527,222

    During 2019, Voya Investment Management's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 20 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 57 $1,234,855,000 $21,664,123 $118,881 4.39%

    2019 saw Voya Investment Management place emphasis on $1MM+ loans with 57 originations, totaling $1,234,855,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Native Hawaiian or Islander 57 $1,234,855,000 $21,664,123 $118,881 4.39%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 57 $1,234,855,000 $21,664,123

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 57 $1,234,855,000 $21,664,123

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 11 $120,155,000 $10,923,182 $11,489 3.28%
    40-60% 15 $395,005,000 $26,333,667 $114,523 4.46%
    60-80% 31 $719,695,000 $23,215,968 $159,096 4.75%