A conventional purchase lender
Purchases made up 76.4% of its loans and refinancing the rest. It made no manufactured-home or other-purpose loans. Conventional loans were 95.6% of its lending, against 73.5% at similar lenders, meaning independent non-bank lenders making between half and twice as many loans. Loans insured by the Federal Housing Administration (FHA) were only 4.4%, against 17.5% at peers, and it made no loans guaranteed by the Department of Veterans Affairs.