Applications / Mortgage Analytics / Lenders / Utah / Direct Mortgage
Midvale, UT · Independent non-bank lender · CFPB · 407 loans in 2025
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407
loans originated, 2025
513
applications, 2025
18
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Direct Mortgage, a Midvale, Utah lender whose business now centers on Texas, has turned toward government-backed loans as its lending has shrunk.
Conventional loans made up 55.3% of its lending in 2025, down from 68.5% in 2024 and 85.0% in 2020. Loans insured by the Federal Housing Administration rose to 34.6%, against 18.3% at similar lenders (independent non-bank lenders making between half and twice as many loans). Loans guaranteed by the Department of Veterans Affairs were 9.6%, against 4.9% at peers.
Texas is now its main state, and Houston-Pasadena-The Woodlands its largest market, where its share rose to 0.1%. In Salt Lake City-Murray, where it has lent since it first reported in 1999, its share fell to 0.2% from 0.8%. The fall may reflect a shift of its lending toward Texas rather than lost customers in Utah; the figures cannot show which. Its loans in majority-minority neighborhoods rose to 30.6% from 15.4%.
It made 407 loans in 2025, down 19% from 501, while similar lenders grew 2% and the whole market 10%. It made 4,060 loans in 2020. Its typical loan, $415,000, was larger than the $325,000 at peers.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Direct Mortgage took 513 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 84.3% · Refinance 15.7%
Conventional 55.3% · FHA 34.6% · VA 9.6% · USDA (RHS or FSA) 0.5% · of 407 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Texas | 135 | 33.2% |
| Utah | 109 | 26.8% |
| Colorado | 68 | 16.7% |
| California | 28 | 6.9% |
| Florida | 17 | 4.2% |
| Arizona | 8 | 2.0% |
| Maryland | 7 | 1.7% |
| Virginia | 7 | 1.7% |
| North Carolina | 6 | 1.5% |
| South Carolina | 5 | 1.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Houston-Pasadena-The Woodlands | 73 |
| Salt Lake City-Murray | 69 |
| Denver-Aurora-Centennial | 50 |
| Riverside-San Bernardino-Ontario | 24 |
| Dallas-Plano-Irving | 20 |
| Amarillo | 13 |
| Ogden | 13 |
| Provo-Orem-Lehi | 13 |
| Arlington-Alexandria-Reston | 7 |
| Phoenix-Mesa-Chandler | 7 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300XAHXRVSRML8V19 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3414765 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 71173900006 | 1999–2017 |
Established 4 October 1994. Reported under HMDA 1999-2025.
Mergers, name changes, data editions and corrections: Direct Mortgage's data.
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