Pacific Alliance Bank Mortgage Rates, Fees & Info
Rosemead, CALEI: 2549008S5ONW9RERQE86
Tax ID: 56-2600818
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Mortgage Data
Review & Overview
Pacific Alliance Bank is a smaller bank specializing in Home Purchase and Refi loans. Pacific Alliance Bank has a high proportion of conventional loans. Their top (well, only) market is Los Angeles.Pacific Alliance Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
2Origination Dollar Volume (All Markets)
$1,180,000Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $1,180,000 | $590,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 2 | $1,180,000 | $590,000 | $0 | 0.00% |
For 2018, Pacific Alliance Bank's most frequently originated type of loan was Conventional, with 2 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 1 | $915,000 | $915,000 | $0 | 0.00% |
| Refi | 1 | $265,000 | $265,000 | $0 | 0.00% |
For 2018, Pacific Alliance Bank's most frequently cited loan purpose was Home Purchase, with 1 originations. The 2nd most popular reason was Refi, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 2 | $1,180,000 | $590,000 | $0 | 0.00% |
For 2018, Pacific Alliance Bank's most frequently cited loan duration was Other, with 2 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 1 | $265,000 | $265,000 | $0 | 0.00% |
| $600k-1MM | 1 | $915,000 | $915,000 | $0 | 0.00% |
2018 saw Pacific Alliance Bank place emphasis on $200k-400k loans with 1 originations, totaling $265,000 in origination value.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 2 | $1,180,000 | $590,000 | $0 | 0.00% |
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 2 | $1,180,000 | $590,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Pacific Alliance Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination0.00%
Pacific Alliance Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 2 | $1,180,000 | $590,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 2 | $1,180,000 | $590,000 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Pacific Union Financial, LLC | VA mortgage | Trouble during payment process | 15 | 21.1% |
| Pacific Union Financial, LLC | VA mortgage | Closing on a mortgage | 2 | 2.8% |
| Pacific Union Financial, LLC | VA mortgage | Struggling to pay mortgage | 1 | 1.4% |
| Pacific Union Financial, LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 2.8% |
| Pacific Union Financial, LLC | Conventional home mortgage | Closing on a mortgage | 1 | 1.4% |
| Pacific Union Financial, LLC | Conventional home mortgage | Struggling to pay mortgage | 10 | 14.1% |
| Pacific Union Financial, LLC | Conventional home mortgage | Trouble during payment process | 7 | 9.9% |
| Pacific Union Financial, LLC | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 4.2% |
| Pacific Union Financial, LLC | FHA mortgage | Closing on a mortgage | 3 | 4.2% |
| Pacific Union Financial, LLC | FHA mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 1.4% |
| Pacific Union Financial, LLC | FHA mortgage | Struggling to pay mortgage | 12 | 16.9% |
| Pacific Union Financial, LLC | FHA mortgage | Trouble during payment process | 11 | 15.5% |
| Pacific Union Financial, LLC | Other type of mortgage | Struggling to pay mortgage | 1 | 1.4% |
| Pacific Union Financial, LLC | Other type of mortgage | Trouble during payment process | 1 | 1.4% |
| Pacific Union Financial, LLC | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 1.4% |