V.i.p. Trust Deed Company Mortgage Rates, Fees & Info

Glendale, CA

LEI: 254900IJMAVCJR5W8K61

Tax ID: 95-4232065

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    V.i.p. Trust Deed Company is a smaller mortgage company specializing in Home Improvement and Home Purchase loans. V.i.p. Trust Deed Company has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, Santa Maria, Truckee, and San Diego among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    V.i.p. Trust Deed Company has an above average approval rate when compared to the average across all lenders.

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    Originations

    27

    Origination Dollar Volume (All Markets)

    $6,875,000

    Top 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) 16 $5,520,000 $345,000 $0 8.91%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 5 $405,000 $81,000 $0 8.80%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $405,000 $405,000 $0 9.75%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $325,000 $325,000 $0 7.75%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $130,000 $65,000 $0 9.75%
    VISALIA, CA (FHA|USDA|VA) 2 $90,000 $45,000 $0 10.81%
    V.i.p. Trust Deed Company's top markets include Los Angeles, Riverside, Santa Maria, Truckee, and San Diego among others.

    Their top states include:
  • California (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 27 $6,875,000 $254,630 $0 9.08%

    For 2018, V.i.p. Trust Deed Company's most frequently originated type of loan was Conventional, with 27 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 16 $2,580,000 $161,250 $0 9.12%
    Home Purchase 9 $3,845,000 $427,222 $0 9.07%
    Refi 2 $450,000 $225,000 $0 8.88%

    For 2018, V.i.p. Trust Deed Company's most frequently cited loan purpose was Home Improvement, with 16 originations. The 2nd most popular reason was Home Purchase, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 24 $5,680,000 $236,667 $0 9.03%
    3 Year 2 $1,070,000 $535,000 $0 9.50%
    1 Year 1 $125,000 $125,000 $0 9.50%

    For 2018, V.i.p. Trust Deed Company's most frequently cited loan duration was 5 Year, with 24 originations. The 2nd most popular length was 3 Year, with 2 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 24 $6,190,000 $257,917
    7-8% 3 $685,000 $228,333

    During 2018, V.i.p. Trust Deed Company's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 24 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 8 $460,000 $57,500 $0 9.77%
    $100k-200k 7 $835,000 $119,286 $0 9.32%
    $200k-400k 6 $1,550,000 $258,333 $0 8.21%
    $600k-1MM 3 $2,215,000 $738,333 $0 8.71%
    $400k-600k 2 $810,000 $405,000 $0 9.13%
    $1MM+ 1 $1,005,000 $1,005,000 $0 8.25%

    2018 saw V.i.p. Trust Deed Company place emphasis on $100,000 or less loans with 8 originations, totaling $460,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 17 $5,225,000 $307,353 $0 9.15%
    White 7 $1,165,000 $166,429 $0 9.09%
    Not provided 1 $325,000 $325,000 $0 7.75%
    Chinese 1 $105,000 $105,000 $0 10.75%
    Black 1 $55,000 $55,000 $0 7.50%

    Approval Rates

    Total approvals of all applications
    100.00%

    V.i.p. Trust Deed Company 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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 27 $6,875,000 $254,630

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $1,195,000 $398,333
    Single Family (1-4 Units):Manufactured 1 $115,000 $115,000
    Single Family (1-4 Units):Site-Built 23 $5,565,000 $241,957

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $885,000 $177,000 $0 8.50%
    40-60% 10 $3,560,000 $356,000 $0 8.78%
    60-80% 3 $1,405,000 $468,333 $0 9.25%
    Under 20% 9 $1,025,000 $113,889 $0 9.69%