Is Regent Financial Group An Expensive Mortgage Lender?

We compare mortgage interest rate and loan related closing costs at Regent Financial Group with other lenders for mortgages with similar borrower characteristics:

Interest Rate: similar to average (+0.04%)
Loan Related Closing Costs: higher than average (+$335)
Assessment: this lender tends to be a expensive lender.

This scoreboard is based on data reported to FFIEC. In the data, Regent Financial Group originated 802 mortgages, a national market share of 0.0%. It was most active in NE (1.4% market share), KS (0.4% market share), and OK (0.1% market share).

On average, Regent Financial Group’s interest rates were similar to those of comparable mortgages at other lenders (+0.04%).1The comparable mortgages control for Regent Financial Group’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages. Its average total loan related closing cost was $4052, which was higher than those of comparable mortgages at $3717, with a difference of +$335. Overall, we estimate that Regent Financial Group tends to be an expensive lender, with a cost-adjusted-rate difference of +0.07% compared to comparable mortgages at other lenders.2Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate. Therefore, we recommend comparing your rate and fees with at least a few other lenders before signing with Regent Financial Group.

Regent Financial Group originated Conforming, FHA and VA mortgages for new home purchases. We breakdown its interest rate and total loan related closing cost on by each of the mortgage types it originated below:

Home Purchase Mortgages from Regent Financial Group compared to other lenders

Conforming FHA VA
Interest Rate Difference +0.04% +0.04% +0.06%
Loan related Closing Cost Difference +$268 +$204 +$939
Cost Adjusted Rate Difference +0.07% +0.05% +0.13%

Based on the table above, Regent Financial Group is more expensive than other lenders for Conforming, FHA and VA purchase mortgages.

Other information about Regent Financial Group:

Regulator: United States Department of Housing and Urban Development (HUD) 
Registered city and state: Omaha, NE, 68135
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Footnotes   [ + ]

1. The comparable mortgages control for Regent Financial Group’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages.
2. Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate.