Watermark Capital Mortgage Rates, Fees & Info

Irvine, CA

LEI: 2549005Q4HZ55QX7YC64

Tax ID: 20-4255880

5 stars - out of 5 stars, based on 97 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Watermark Capital is a mid-sized mortgage company specializing in Refi and Cash Out Refi loans. Watermark Capital has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Los Angeles, Phoenix, San Francisco, Riverside, and San Diego among others. Watermark Capital has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Watermark Capital is typically an average fee lendor.


Originations

9,486

Origination Dollar Volume (All Markets)

$3,324,970,000
Show all (123) awards

Relative Rate

Watermark Capital 's average 30 year fixed rate mortgage of loans were 2.82%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.33%.

Relative Fees

Watermark Capital 's average total fees for a 30 year fixed rate mortgage are $3,886.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1,700 $824,900,000 $485,235 $4,181 2.73%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1,123 $360,385,000 $320,913 $3,366 2.78%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 426 $204,710,000 $480,540 $3,467 2.61%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 553 $174,565,000 $315,669 $3,346 2.67%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 387 $156,275,000 $403,811 $3,300 2.61%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 379 $148,785,000 $392,573 $5,732 2.84%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 290 $107,200,000 $369,655 $3,464 2.49%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 354 $106,540,000 $300,960 $3,124 2.55%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 173 $85,395,000 $493,613 $3,804 2.52%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 213 $62,275,000 $292,371 $3,290 2.66%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 162 $62,080,000 $383,210 $3,295 2.56%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 132 $58,290,000 $441,591 $3,529 2.69%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 131 $42,075,000 $321,183 $4,429 2.64%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 94 $33,930,000 $360,957 $3,051 2.64%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 93 $29,125,000 $313,172 $3,092 2.65%
STOCKTON, CA (FHA|USDA|VA) 84 $27,890,000 $332,024 $2,993 2.71%
TUCSON, AZ (FHA|USDA|VA) 102 $24,690,000 $242,059 $3,454 2.63%
FRESNO, CA (FHA|USDA|VA) 93 $23,525,000 $252,957 $2,927 2.60%
BAKERSFIELD, CA (FHA|USDA|VA) 91 $22,725,000 $249,725 $3,700 2.69%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 63 $22,355,000 $354,841 $3,251 2.72%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 72 $20,400,000 $283,333 $3,388 2.66%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 65 $20,045,000 $308,385 $3,745 2.60%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 57 $20,045,000 $351,667 $3,882 2.50%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 63 $19,335,000 $306,905 $4,325 2.64%
Outside of Metro Areas 77 $19,095,000 $247,987 $3,686 2.73%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 80 $19,040,000 $238,000 $3,385 2.46%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 51 $19,035,000 $373,235 $3,067 2.59%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 78 $18,910,000 $242,436 $3,321 2.66%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 36 $17,820,000 $495,000 $3,837 2.79%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 76 $17,650,000 $232,237 $3,907 2.53%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 46 $17,580,000 $382,174 $3,073 2.62%
RENO, NV (FHA|USDA|VA) 52 $16,200,000 $311,538 $3,445 2.61%
WORCESTER, MA-CT (FHA|USDA|VA) 54 $14,810,000 $274,259 $3,426 2.49%
OKLAHOMA CITY, OK (FHA|USDA|VA) 70 $14,450,000 $206,429 $4,146 2.57%
BOISE CITY, ID (FHA|USDA|VA) 47 $12,675,000 $269,681 $4,013 2.66%
RALEIGH-CARY, NC (FHA|USDA|VA) 50 $12,670,000 $253,400 $3,217 2.72%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 28 $12,210,000 $436,071 $2,901 2.65%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 50 $12,100,000 $242,000 $2,776 2.69%
SALT LAKE CITY, UT (FHA|USDA|VA) 43 $12,075,000 $280,814 $3,006 2.55%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 42 $11,710,000 $278,810 $3,099 2.60%
VALLEJO, CA (FHA|USDA|VA) 35 $11,615,000 $331,857 $3,512 2.55%
MODESTO, CA (FHA|USDA|VA) 43 $11,565,000 $268,953 $2,848 2.66%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 46 $11,120,000 $241,739 $3,158 2.69%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 45 $10,535,000 $234,111 $3,329 2.76%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 37 $9,865,000 $266,622 $3,646 2.71%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 31 $9,535,000 $307,581 $3,351 2.71%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 33 $9,255,000 $280,455 $2,814 2.59%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 40 $8,840,000 $221,000 $3,586 2.48%
Truckee-Grass Valley, CA (FHA|USDA|VA) 25 $8,715,000 $348,600 $3,273 2.53%
SALINAS, CA (FHA|USDA|VA) 25 $8,575,000 $343,000 $3,439 2.49%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 36 $8,180,000 $227,222 $2,610 2.66%
VISALIA, CA (FHA|USDA|VA) 32 $8,180,000 $255,625 $3,259 2.57%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 35 $8,105,000 $231,571 $2,679 2.47%
RICHMOND, VA (FHA|USDA|VA) 30 $7,150,000 $238,333 $2,683 2.47%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 33 $7,015,000 $212,576 $4,455 2.60%
PROVO-OREM, UT (FHA|USDA|VA) 24 $6,850,000 $285,417 $3,281 2.67%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 32 $6,740,000 $210,625 $2,842 2.62%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 21 $6,625,000 $315,476 $3,197 2.45%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 29 $6,315,000 $217,759 $3,249 2.65%
SPRINGFIELD, MA (FHA|USDA|VA) 26 $6,280,000 $241,538 $3,059 2.54%
TULSA, OK (FHA|USDA|VA) 29 $6,025,000 $207,759 $4,118 2.45%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 22 $5,970,000 $271,364 $3,889 2.87%
FLAGSTAFF, AZ (FHA|USDA|VA) 17 $5,175,000 $304,412 $2,951 2.69%
CHICO, CA (FHA|USDA|VA) 20 $4,930,000 $246,500 $3,116 2.57%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 20 $4,580,000 $229,000 $3,057 2.52%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 15 $4,235,000 $282,333 $3,336 2.44%
Show Low, AZ (FHA|USDA|VA) 13 $4,185,000 $321,923 $3,826 2.85%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 17 $4,175,000 $245,588 $3,254 2.76%
ALBUQUERQUE, NM (FHA|USDA|VA) 20 $4,060,000 $203,000 $3,455 2.71%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 17 $3,995,000 $235,000 $3,628 2.46%
JACKSONVILLE, FL (FHA|USDA|VA) 18 $3,900,000 $216,667 $3,707 2.57%
REDDING, CA (FHA|USDA|VA) 17 $3,725,000 $219,118 $3,324 2.69%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 13 $3,675,000 $282,692 $4,197 2.46%
ST. GEORGE, UT (FHA|USDA|VA) 12 $3,400,000 $283,333 $2,847 2.67%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 15 $3,185,000 $212,333 $3,556 2.66%
KNOXVILLE, TN (FHA|USDA|VA) 14 $3,120,000 $222,857 $2,999 2.72%
ASHEVILLE, NC (FHA|USDA|VA) 11 $3,045,000 $276,818 $3,847 2.82%
Heber, UT (FHA|USDA|VA) 6 $2,960,000 $493,333 $2,886 2.60%
COLUMBUS, OH (FHA|USDA|VA) 10 $2,860,000 $286,000 $2,932 2.42%
COLORADO SPRINGS, CO (FHA|USDA|VA) 11 $2,855,000 $259,545 $2,784 2.64%
NAPA, CA (FHA|USDA|VA) 7 $2,845,000 $406,429 $3,026 2.58%
MERCED, CA (FHA|USDA|VA) 12 $2,790,000 $232,500 $2,563 2.28%
PITTSBURGH, PA (FHA|USDA|VA) 15 $2,735,000 $182,333 $4,084 2.67%
BEND, OR (FHA|USDA|VA) 8 $2,430,000 $303,750 $3,204 2.64%
MADISON, WI (FHA|USDA|VA) 9 $2,415,000 $268,333 $2,580 2.46%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 9 $2,305,000 $256,111 $3,526 2.82%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 11 $2,255,000 $205,000 $2,745 2.67%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 10 $2,220,000 $222,000 $3,653 2.86%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 8 $2,160,000 $270,000 $2,971 2.64%
Eureka-Arcata, CA (FHA|USDA|VA) 9 $2,085,000 $231,667 $2,790 2.61%
FORT COLLINS, CO (FHA|USDA|VA) 7 $2,075,000 $296,429 $3,292 2.79%
Athens, TX (FHA|USDA|VA) 3 $2,045,000 $681,667 $13,784 2.79%
EL CENTRO, CA (FHA|USDA|VA) 10 $2,040,000 $204,000 $2,617 2.82%
MADERA, CA (FHA|USDA|VA) 10 $2,030,000 $203,000 $3,692 2.73%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 8 $1,990,000 $248,750 $2,750 2.58%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 10 $1,990,000 $199,000 $3,250 2.62%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 7 $1,975,000 $282,143 $3,703 2.55%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 8 $1,920,000 $240,000 $3,332 2.72%
CARSON CITY, NV (FHA|USDA|VA) 6 $1,850,000 $308,333 $3,466 2.73%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 9 $1,795,000 $199,444 $5,214 2.57%
BOULDER, CO (FHA|USDA|VA) 6 $1,780,000 $296,667 $3,699 2.75%
Red Bluff, CA (FHA|USDA|VA) 7 $1,705,000 $243,571 $3,002 2.55%
JACKSON, MS (FHA|USDA|VA) 6 $1,700,000 $283,333 $3,656 3.40%
Sonora, CA (FHA|USDA|VA) 8 $1,680,000 $210,000 $2,924 2.78%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 8 $1,660,000 $207,500 $2,957 2.51%
Kapaa, HI (FHA|USDA|VA) 2 $1,650,000 $825,000 $5,038 3.00%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 6 $1,640,000 $273,333 $3,055 2.71%
SHERMAN-DENISON, TX (FHA|USDA|VA) 3 $1,635,000 $545,000 $5,642 3.54%
Outside of Metro Areas 7 $1,595,000 $227,857 $3,276 2.79%
Payson, AZ (FHA|USDA|VA) 5 $1,535,000 $307,000 $2,853 2.97%
SALEM, OR (FHA|USDA|VA) 6 $1,530,000 $255,000 $4,168 2.50%
YUBA CITY, CA (FHA|USDA|VA) 7 $1,525,000 $217,857 $2,779 2.48%
EL PASO, TX (FHA|USDA|VA) 9 $1,505,000 $167,222 $3,581 2.49%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 8 $1,500,000 $187,500 $2,857 2.58%
CORPUS CHRISTI, TX (FHA|USDA|VA) 5 $1,495,000 $299,000 $4,952 2.95%
Gardnerville Ranchos, NV (FHA|USDA|VA) 5 $1,485,000 $297,000 $3,149 2.67%
URBAN HONOLULU, HI (FHA|USDA|VA) 5 $1,465,000 $293,000 $4,338 2.58%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 4 $1,460,000 $365,000 $3,506 2.66%
YUMA, AZ (FHA|USDA|VA) 8 $1,420,000 $177,500 $2,964 2.72%
Torrington, CT (FHA|USDA|VA) 7 $1,415,000 $202,143 $3,990 2.61%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 8 $1,380,000 $172,500 $2,946 2.51%
PITTSFIELD, MA (FHA|USDA|VA) 6 $1,290,000 $215,000 $4,262 2.58%
YORK-HANOVER, PA (FHA|USDA|VA) 6 $1,260,000 $210,000 $4,089 2.71%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 4 $1,260,000 $315,000 $2,917 2.41%
LANCASTER, PA (FHA|USDA|VA) 6 $1,260,000 $210,000 $4,117 2.54%
HARRISONBURG, VA (FHA|USDA|VA) 3 $1,255,000 $418,333 $4,966 2.54%
Clearlake, CA (FHA|USDA|VA) 6 $1,240,000 $206,667 $2,826 2.62%
DULUTH, MN-WI (FHA|USDA|VA) 4 $1,230,000 $307,500 $2,375 2.69%
GRAND JUNCTION, CO (FHA|USDA|VA) 6 $1,220,000 $203,333 $3,611 2.90%
BELLINGHAM, WA (FHA|USDA|VA) 3 $1,205,000 $401,667 $2,775 2.71%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 5 $1,145,000 $229,000 $3,261 2.50%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 4 $1,140,000 $285,000 $2,953 2.44%
Edwards, CO (FHA|USDA|VA) 2 $1,120,000 $560,000 $3,176 2.75%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 6 $1,080,000 $180,000 $3,784 2.73%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 6 $1,070,000 $178,333 $3,067 2.69%
ROANOKE, VA (FHA|USDA|VA) 6 $1,070,000 $178,333 $3,024 2.63%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 5 $1,065,000 $213,000 $3,747 2.68%
Hilo, HI (FHA|USDA|VA) 2 $990,000 $495,000 $3,647 2.81%
WENATCHEE, WA (FHA|USDA|VA) 3 $985,000 $328,333 $3,275 2.63%
Traverse City, MI (FHA|USDA|VA) 4 $970,000 $242,500 $2,856 2.25%
LOGAN, UT-ID (FHA|USDA|VA) 4 $950,000 $237,500 $3,086 2.41%
Fernley, NV (FHA|USDA|VA) 3 $905,000 $301,667 $3,126 2.96%
COLUMBUS, GA-AL (FHA|USDA|VA) 4 $890,000 $222,500 $2,707 2.22%
Granbury, TX (FHA|USDA|VA) 3 $885,000 $295,000 $3,942 2.50%
COLUMBIA, SC (FHA|USDA|VA) 5 $865,000 $173,000 $3,302 2.80%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 5 $835,000 $167,000 $3,358 2.95%
SANTA FE, NM (FHA|USDA|VA) 3 $815,000 $271,667 $3,627 2.67%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 4 $810,000 $202,500 $3,622 2.41%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $805,000 $161,000 $4,212 2.80%
Rexburg, ID (FHA|USDA|VA) 4 $790,000 $197,500 $3,832 3.03%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 3 $785,000 $261,667 $3,522 2.88%
Cedar City, UT (FHA|USDA|VA) 3 $785,000 $261,667 $3,388 3.04%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 5 $785,000 $157,000 $2,593 2.53%
SAN ANGELO, TX (FHA|USDA|VA) 3 $785,000 $261,667 $6,938 2.50%
GREELEY, CO (FHA|USDA|VA) 3 $785,000 $261,667 $3,937 2.71%
OCALA, FL (FHA|USDA|VA) 3 $785,000 $261,667 $4,888 2.92%
Vineyard Haven, MA (FHA|USDA|VA) 1 $725,000 $725,000 $3,230 2.63%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 4 $710,000 $177,500 $2,478 2.56%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 4 $700,000 $175,000 $3,825 2.41%
PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $685,000 $228,333 $3,407 2.63%
EAU CLAIRE, WI (FHA|USDA|VA) 3 $685,000 $228,333 $2,644 2.21%
LONGVIEW, TX (FHA|USDA|VA) 4 $680,000 $170,000 $3,839 3.44%
LYNCHBURG, VA (FHA|USDA|VA) 3 $665,000 $221,667 $1,800 2.29%
PANAMA CITY, FL (FHA|USDA|VA) 3 $645,000 $215,000 $3,674 2.71%
Susanville, CA (FHA|USDA|VA) 3 $645,000 $215,000 $6,031 2.62%
LAS CRUCES, NM (FHA|USDA|VA) 4 $640,000 $160,000 $4,394 2.72%
ALBANY-LEBANON, OR (FHA|USDA|VA) 2 $640,000 $320,000 $3,274 2.69%
WILMINGTON, NC (FHA|USDA|VA) 2 $640,000 $320,000 $2,990 2.19%
TYLER, TX (FHA|USDA|VA) 4 $630,000 $157,500 $3,750 2.40%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 3 $625,000 $208,333 $3,482 2.54%
SAVANNAH, GA (FHA|USDA|VA) 5 $615,000 $123,000 $3,633 2.73%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 3 $615,000 $205,000 $5,479 2.75%
GRANTS PASS, OR (FHA|USDA|VA) 3 $615,000 $205,000 $2,881 2.88%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $605,000 $605,000 $14,655 2.50%
Breckenridge, CO (FHA|USDA|VA) 2 $600,000 $300,000 $5,246 2.63%
TALLAHASSEE, FL (FHA|USDA|VA) 2 $600,000 $300,000 $3,389 2.88%
WINSTON-SALEM, NC (FHA|USDA|VA) 3 $595,000 $198,333 $3,229 2.37%
Durango, CO (FHA|USDA|VA) 2 $580,000 $290,000 $3,975 2.56%
Shawnee, OK (FHA|USDA|VA) 3 $575,000 $191,667 $4,226 2.54%
RACINE, WI (FHA|USDA|VA) 3 $575,000 $191,667 $3,579 2.79%
AMARILLO, TX (FHA|USDA|VA) 3 $575,000 $191,667 $5,059 3.08%
JOHNSON CITY, TN (FHA|USDA|VA) 3 $565,000 $188,333 $2,694 2.75%
APPLETON, WI (FHA|USDA|VA) 3 $555,000 $185,000 $2,881 2.88%
FORT WAYNE, IN (FHA|USDA|VA) 3 $555,000 $185,000 $2,283 2.29%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $550,000 $275,000 $8,279 2.50%
Dayton, TN (FHA|USDA|VA) 2 $550,000 $275,000 $2,585 2.38%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $545,000 $545,000 $3,085 2.38%
Hood River, OR (FHA|USDA|VA) 2 $540,000 $270,000 $3,853 2.69%
GREEN BAY, WI (FHA|USDA|VA) 3 $535,000 $178,333 $2,612 2.83%
Kalispell, MT (FHA|USDA|VA) 1 $535,000 $535,000 $5,222 3.38%
Shelby, NC (FHA|USDA|VA) 2 $530,000 $265,000 $3,238 2.81%
TWIN FALLS, ID (FHA|USDA|VA) 2 $530,000 $265,000 $3,394 3.00%
Nacogdoches, TX (FHA|USDA|VA) 2 $520,000 $260,000 $3,778 2.50%
IDAHO FALLS, ID (FHA|USDA|VA) 2 $520,000 $260,000 $2,972 2.63%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 2 $510,000 $255,000 $3,809 2.56%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 3 $505,000 $168,333 $2,786 2.42%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 3 $505,000 $168,333 $2,854 2.67%
Whitewater, WI (FHA|USDA|VA) 2 $500,000 $250,000 $6,027 2.63%
CORVALLIS, OR (FHA|USDA|VA) 3 $485,000 $161,667 $2,851 2.54%
SALISBURY, MD-DE (FHA|USDA|VA) 3 $465,000 $155,000 $2,597 2.58%
Alexandria, MN (FHA|USDA|VA) 1 $465,000 $465,000 $4,909 2.50%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 3 $455,000 $151,667 $3,377 2.63%
Brookings, OR (FHA|USDA|VA) 2 $450,000 $225,000 $3,601 2.56%
Sandpoint, ID (FHA|USDA|VA) 2 $440,000 $220,000 $2,719 2.63%
MEDFORD, OR (FHA|USDA|VA) 1 $435,000 $435,000 $3,974 2.88%
Los Alamos, NM (FHA|USDA|VA) 1 $425,000 $425,000 $4,893 2.88%
WARNER ROBINS, GA (FHA|USDA|VA) 3 $425,000 $141,667 $4,652 2.33%
Ukiah, CA (FHA|USDA|VA) 2 $410,000 $205,000 $3,087 2.81%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $410,000 $205,000 $2,875 2.44%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $410,000 $205,000 $4,845 3.00%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 2 $410,000 $205,000 $3,377 2.50%
Montrose, CO (FHA|USDA|VA) 1 $405,000 $405,000 $3,718 2.88%
LEWISTON, ID-WA (FHA|USDA|VA) 2 $400,000 $200,000 $5,862 2.50%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $390,000 $195,000 $2,679 2.38%
Pahrump, NV (FHA|USDA|VA) 2 $390,000 $195,000 $3,167 2.88%
Centralia, WA (FHA|USDA|VA) 2 $390,000 $195,000 $3,049 2.56%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $375,000 $375,000 $2,668 2.75%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 2 $370,000 $185,000 $3,886 2.81%
Rockport, TX (FHA|USDA|VA) 1 $355,000 $355,000 $4,001 3.25%
FOND DU LAC, WI (FHA|USDA|VA) 2 $350,000 $175,000 $2,403 2.31%
Port Angeles, WA (FHA|USDA|VA) 2 $350,000 $175,000 $3,184 2.56%
Ludington, MI (FHA|USDA|VA) 1 $345,000 $345,000 $3,201 2.88%
Moscow, ID (FHA|USDA|VA) 2 $330,000 $165,000 $4,245 2.94%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $325,000 $325,000 $3,547 2.50%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 2 $320,000 $160,000 $2,469 2.94%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $320,000 $160,000 $2,826 2.69%
Newport, TN (FHA|USDA|VA) 1 $315,000 $315,000 $10,636 2.75%
GAINESVILLE, FL (FHA|USDA|VA) 2 $310,000 $155,000 $3,490 3.12%
WACO, TX (FHA|USDA|VA) 1 $305,000 $305,000 $3,322 2.25%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $305,000 $305,000 $2,840 2.48%
LUBBOCK, TX (FHA|USDA|VA) 2 $300,000 $150,000 $3,275 2.69%
Fergus Falls, MN (FHA|USDA|VA) 2 $300,000 $150,000 $2,438 2.81%
Stillwater, OK (FHA|USDA|VA) 1 $295,000 $295,000 $3,769 2.75%
Shelton, WA (FHA|USDA|VA) 1 $295,000 $295,000 $2,949 2.50%
GETTYSBURG, PA (FHA|USDA|VA) 1 $295,000 $295,000 $4,321 2.00%
Forest City, NC (FHA|USDA|VA) 1 $285,000 $285,000 $2,772 2.63%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $285,000 $285,000 $2,632 2.13%
ABILENE, TX (FHA|USDA|VA) 1 $285,000 $285,000 $4,865 2.99%
Washington, NC (FHA|USDA|VA) 2 $280,000 $140,000 $3,304 1.94%
READING, PA (FHA|USDA|VA) 2 $280,000 $140,000 $3,526 2.37%
Altus, OK (FHA|USDA|VA) 1 $275,000 $275,000 $3,940 2.25%
Newport, OR (FHA|USDA|VA) 1 $275,000 $275,000 $4,825 2.50%
Adrian, MI (FHA|USDA|VA) 1 $265,000 $265,000 $2,563 2.63%
MIDLAND, TX (FHA|USDA|VA) 1 $265,000 $265,000 $3,822 2.75%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $255,000 $255,000 $2,623 2.88%
Ellensburg, WA (FHA|USDA|VA) 1 $255,000 $255,000 $3,112 2.63%
YAKIMA, WA (FHA|USDA|VA) 1 $255,000 $255,000 $12,613 2.25%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 2 $250,000 $125,000 $2,582 2.81%
COLUMBUS, IN (FHA|USDA|VA) 2 $250,000 $125,000 $2,663 2.06%
Lewisburg, PA (FHA|USDA|VA) 1 $245,000 $245,000 $4,076 2.75%
NEW BERN, NC (FHA|USDA|VA) 1 $245,000 $245,000 $2,748 2.25%
HAMMOND, LA (FHA|USDA|VA) 1 $245,000 $245,000 $3,648 2.38%
Fallon, NV (FHA|USDA|VA) 1 $245,000 $245,000 $3,413 2.63%
Elko, NV (FHA|USDA|VA) 1 $245,000 $245,000 $2,726 2.88%
The Dalles, OR (FHA|USDA|VA) 1 $245,000 $245,000 $3,020 2.75%
Boone, NC (FHA|USDA|VA) 1 $245,000 $245,000 $5,480 2.88%
Blackfoot, ID (FHA|USDA|VA) 1 $245,000 $245,000 $3,064 2.88%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $245,000 $245,000 $2,340 1.88%
BLOOMINGTON, IN (FHA|USDA|VA) 2 $240,000 $120,000 $2,559 3.25%
CLEVELAND, TN (FHA|USDA|VA) 1 $235,000 $235,000 $2,274 2.50%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 2 $230,000 $115,000 $2,275 2.81%
SHEBOYGAN, WI (FHA|USDA|VA) 1 $225,000 $225,000 $2,405 2.13%
Nogales, AZ (FHA|USDA|VA) 1 $225,000 $225,000 $3,294 2.75%
Cornelia, GA (FHA|USDA|VA) 1 $215,000 $215,000 $3,147 2.63%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $215,000 $215,000 $2,276 2.38%
Angola, IN (FHA|USDA|VA) 1 $215,000 $215,000 $2,353 2.25%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $215,000 $215,000 $2,903 2.75%
FLINT, MI (FHA|USDA|VA) 1 $205,000 $205,000 $2,247 2.50%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $205,000 $205,000 $3,063 2.88%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $205,000 $205,000 $4,514 3.63%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $195,000 $195,000 $7,976 2.25%
Coos Bay, OR (FHA|USDA|VA) 1 $195,000 $195,000 $4,051 2.25%
Lewisburg, TN (FHA|USDA|VA) 1 $195,000 $195,000 $2,522 2.63%
ERIE, PA (FHA|USDA|VA) 1 $195,000 $195,000 $3,735 2.63%
LONGVIEW, WA (FHA|USDA|VA) 1 $195,000 $195,000 $2,916 2.50%
Brevard, NC (FHA|USDA|VA) 1 $195,000 $195,000 $3,428 2.88%
BRUNSWICK, GA (FHA|USDA|VA) 1 $195,000 $195,000 $2,670 2.38%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $185,000 $185,000 $2,459 2.50%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $185,000 $185,000 $2,827 2.13%
Dyersburg, TN (FHA|USDA|VA) 1 $185,000 $185,000 $1,121 2.25%
Calhoun, GA (FHA|USDA|VA) 1 $185,000 $185,000 $4,404 3.00%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $185,000 $185,000 $2,695 2.75%
Logansport, IN (FHA|USDA|VA) 1 $185,000 $185,000 $2,822 2.13%
GOLDSBORO, NC (FHA|USDA|VA) 1 $185,000 $185,000 $3,748 2.63%
Carlsbad-Artesia, NM (FHA|USDA|VA) 1 $175,000 $175,000 $2,128 2.63%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $175,000 $175,000 $0 2.25%
Alamogordo, NM (FHA|USDA|VA) 1 $175,000 $175,000 $2,751 2.75%
Auburn, IN (FHA|USDA|VA) 1 $175,000 $175,000 $2,907 2.88%
DALTON, GA (FHA|USDA|VA) 1 $165,000 $165,000 $2,581 2.88%
Levelland, TX (FHA|USDA|VA) 1 $165,000 $165,000 $3,691 1.88%
PUEBLO, CO (FHA|USDA|VA) 1 $165,000 $165,000 $4,061 3.75%
VICTORIA, TX (FHA|USDA|VA) 1 $165,000 $165,000 $3,993 2.99%
Owatonna, MN (FHA|USDA|VA) 1 $165,000 $165,000 $2,479 2.25%
Baraboo, WI (FHA|USDA|VA) 1 $165,000 $165,000 $2,492 2.75%
Athens, TN (FHA|USDA|VA) 1 $165,000 $165,000 $2,643 2.63%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $155,000 $155,000 $2,520 3.13%
Prineville, OR (FHA|USDA|VA) 1 $155,000 $155,000 $4,036 2.88%
KOKOMO, IN (FHA|USDA|VA) 1 $155,000 $155,000 $2,313 3.00%
ROCHESTER, MN (FHA|USDA|VA) 1 $155,000 $155,000 $2,373 2.88%
ANN ARBOR, MI (FHA|USDA|VA) 1 $155,000 $155,000 $2,457 2.00%
Aberdeen, WA (FHA|USDA|VA) 1 $155,000 $155,000 $2,691 2.75%
Cookeville, TN (FHA|USDA|VA) 1 $145,000 $145,000 $2,845 2.88%
Sevierville, TN (FHA|USDA|VA) 1 $145,000 $145,000 $2,405 2.25%
Clewiston, FL (FHA|USDA|VA) 1 $145,000 $145,000 $6,520 2.38%
EspaƱola, NM (FHA|USDA|VA) 1 $145,000 $145,000 $3,819 2.88%
Sunbury, PA (FHA|USDA|VA) 1 $145,000 $145,000 $5,533 3.25%
Cedartown, GA (FHA|USDA|VA) 1 $145,000 $145,000 $2,753 3.13%
Platteville, WI (FHA|USDA|VA) 1 $145,000 $145,000 $4,791 2.88%
STATE COLLEGE, PA (FHA|USDA|VA) 1 $135,000 $135,000 $3,927 2.50%
Klamath Falls, OR (FHA|USDA|VA) 1 $135,000 $135,000 $2,857 2.25%
New Castle, IN (FHA|USDA|VA) 1 $135,000 $135,000 $2,253 3.25%
Muskogee, OK (FHA|USDA|VA) 1 $135,000 $135,000 $3,517 2.25%
Meadville, PA (FHA|USDA|VA) 1 $135,000 $135,000 $3,933 2.99%
GAINESVILLE, GA (FHA|USDA|VA) 1 $125,000 $125,000 $3,317 2.88%
THE VILLAGES, FL (FHA|USDA|VA) 1 $125,000 $125,000 $2,828 2.13%
Crossville, TN (FHA|USDA|VA) 1 $125,000 $125,000 $3,018 2.99%
Big Spring, TX (FHA|USDA|VA) 1 $125,000 $125,000 $4,135 2.13%
ODESSA, TX (FHA|USDA|VA) 1 $125,000 $125,000 $4,108 2.25%
Elizabeth City, NC (FHA|USDA|VA) 1 $115,000 $115,000 $3,651 3.50%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $105,000 $105,000 $2,367 3.13%
MUSKEGON, MI (FHA|USDA|VA) 1 $105,000 $105,000 $2,782 2.75%
FARMINGTON, NM (FHA|USDA|VA) 1 $105,000 $105,000 $2,188 2.75%
Burley, ID (FHA|USDA|VA) 1 $105,000 $105,000 $3,006 2.63%
BURLINGTON, NC (FHA|USDA|VA) 1 $105,000 $105,000 $3,350 2.88%
Crescent City, CA (FHA|USDA|VA) 1 $105,000 $105,000 $3,598 2.49%
DuBois, PA (FHA|USDA|VA) 1 $95,000 $95,000 $3,604 2.50%
Jefferson, GA (FHA|USDA|VA) 1 $95,000 $95,000 $2,794 2.88%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $95,000 $95,000 $2,392 2.88%
LAFAYETTE, LA (FHA|USDA|VA) 1 $85,000 $85,000 $2,374 2.50%
GRAND FORKS, ND-MN (FHA|USDA|VA) 1 $85,000 $85,000 $2,245 2.99%
MONTGOMERY, AL (FHA|USDA|VA) 1 $85,000 $85,000 $2,503 3.00%
GREENVILLE, NC (FHA|USDA|VA) 1 $85,000 $85,000 $2,815 2.50%

Watermark Capital 's top markets include Los Angeles, Phoenix, San Francisco, Riverside, and San Diego among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 9,172 $3,209,960,000 $349,974 $3,550 2.67%
VA 258 $96,310,000 $373,295 $5,144 2.44%
FHA 56 $18,700,000 $333,929 $10,485 2.82%

For the 2021 period, Watermark Capital 's most frequently originated loan type of loans were Conventional, with 9,172 originations. Their 2nd most popular type is VA, with 258 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 5,670 $1,868,830,000 $329,600 $3,100 2.56%
Cash Out Refi 2,233 $754,675,000 $337,965 $3,622 2.77%
Home Purchase 1,138 $547,800,000 $481,371 $6,389 2.96%
Home Improvement 445 $153,665,000 $345,315 $3,484 2.80%

For the 2021, Watermark Capital 's most frequently cited loan purpose of loans were Refi, with 5,670 originations. The 2nd most popular reason of loans were Cash Out Refi, with 2,233 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 6,729 $2,599,945,000 $386,379 $3,886 2.82%
15 Year 1,493 $385,605,000 $258,275 $3,086 2.22%
20 Year 714 $207,010,000 $289,930 $3,035 2.53%
10 Year 455 $102,755,000 $225,835 $2,778 2.09%
Other 95 $29,655,000 $312,158 $3,037 2.70%

For the 2021, Watermark Capital 's most frequently cited loan length of loans were 30 Year, with 6,729 originations. The 2nd most popular length of loans were 15 Year, with 1,493 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 8,063 $2,741,705,000 $340,035
$2k-3k 555 $174,025,000 $313,559
$3k-4k 463 $183,855,000 $397,095
$5k+ 304 $193,490,000 $636,480
$<1k 101 $31,895,000 $315,792

$3,886 of loans were Watermark Capital 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 8,063 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 4,502 $1,695,330,000 $376,573
<2.5% 3,694 $1,089,050,000 $294,816
3-4% 1,271 $534,055,000 $420,185
4-5% 19 $6,535,000 $343,947

During 2021, Watermark Capital 's average interest rate of loans were 2.82%, while their most frequently originated rate bucket of loans were 2.5-3%, with 4,502 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 4,527 $1,293,055,000 $285,632 $3,301 2.61%
$100k-200k 2,000 $314,580,000 $157,290 $3,075 2.63%
$400k-600k 1,970 $950,430,000 $482,452 $3,779 2.70%
$600k-1MM 705 $520,945,000 $738,929 $5,567 2.93%
$1MM+ 175 $236,245,000 $1,349,971 $9,598 2.95%
$100,000 or less 109 $9,715,000 $89,128 $3,045 2.76%

2021 saw Watermark Capital place emphasis on $200k-400k loans with 4,527 originations, totaling $1,293,055,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 2,747 $938,625,000 $341,691 $3,516 2.63%
$150k-250k 2,144 $928,980,000 $433,293 $3,865 2.67%
$75k-100k 1,649 $465,005,000 $281,992 $3,366 2.63%
$50k-75k 1,454 $340,240,000 $234,003 $3,217 2.69%
$250k+ 800 $513,670,000 $642,088 $5,298 2.78%
$50k or less 686 $136,190,000 $198,528 $2,981 2.69%

Watermark Capital lent most frequently to those with incomes in the $100k-150k range, with 2,747 originations. The second most popular income band? $150k-250k, with 2,144 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 2,500 $853,860,000 $341,544 $3,440 2.61%
30-36% 1,879 $676,555,000 $360,061 $3,579 2.66%
<20% 1,086 $299,320,000 $275,617 $3,197 2.54%
41% 332 $132,660,000 $399,578 $4,100 2.74%
42% 320 $130,280,000 $407,125 $4,052 2.76%
40% 319 $124,635,000 $390,705 $4,090 2.77%
36% 308 $118,910,000 $386,071 $3,887 2.70%
37% 300 $119,060,000 $396,867 $3,951 2.74%
38% 300 $116,150,000 $387,167 $4,210 2.72%
39% 298 $109,800,000 $368,456 $3,799 2.73%
44% 296 $103,170,000 $348,547 $3,748 2.77%
43% 287 $104,505,000 $364,129 $3,718 2.79%
45% 250 $87,440,000 $349,760 $3,830 2.80%
47% 218 $76,320,000 $350,092 $3,978 2.71%
49% 213 $72,145,000 $338,709 $3,715 2.74%
46% 204 $70,670,000 $346,422 $3,748 2.74%
48% 199 $66,045,000 $331,884 $3,551 2.73%
50-60% 58 $23,200,000 $400,000 $6,765 2.80%
>60% 2 $1,060,000 $530,000 $8,636 2.44%

Watermark Capital lent most frequently to those with DTI ratios of 20-30%, with 2,500 originations. The next most common DTI ratio? 30-36%, with 1,879 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 5,985 $2,093,845,000 $349,849 $3,668 2.68%
Not provided 2,117 $713,125,000 $336,856 $3,486 2.65%
Asian 1,068 $412,840,000 $386,554 $3,572 2.60%
Black 212 $70,200,000 $331,132 $4,434 2.79%
American Indian 75 $21,235,000 $283,133 $3,316 2.67%
Asian Indian 7 $5,945,000 $849,286 $8,115 3.13%
Native Hawaiian 14 $4,060,000 $290,000 $3,591 2.65%
Other Asian 4 $1,380,000 $345,000 $3,283 2.72%
Japanese 1 $1,105,000 $1,105,000 $6,855 3.00%
Filipino 1 $525,000 $525,000 $2,620 2.50%
Chinese 1 $405,000 $405,000 $2,505 2.49%
Vietnamese 1 $305,000 $305,000 $7,553 2.25%

Approval Rates

Total approvals of all applications
96.57%

Watermark Capital 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
81.79%

Watermark Capital has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 9,486 $3,324,970,000 $350,513

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
9,486 $3,324,970,000 $350,513

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 1,502 $378,350,000 $251,897 $3,046 2.50%
40-60% 3,289 $1,096,375,000 $333,346 $3,181 2.58%
60-80% 3,595 $1,411,485,000 $392,624 $3,799 2.77%
80-100% 940 $408,630,000 $434,713 $5,622 2.87%
Under 20% 160 $30,130,000 $188,313 $3,111 2.50%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
WATERMARK CAPITAL, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 4 44.4%
WATERMARK CAPITAL, INC. Conventional home mortgage Closing on a mortgage 1 11.1%
WATERMARK CAPITAL, INC. Conventional home mortgage Trouble during payment process 4 44.4%