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 Purchase and Home Improvement loans. V.i.p. Trust Deed Company has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, Bakersfield, Visalia, and Hanford 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. They have a below average pick rate when compared to similar lenders.

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    Originations

    29

    Origination Dollar Volume (All Markets)

    $3,845,000

    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) 12 $2,300,000 $191,667 $0 9.97%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 6 $810,000 $135,000 $0 9.04%
    BAKERSFIELD, CA (FHA|USDA|VA) 5 $385,000 $77,000 $0 10.18%
    VISALIA, CA (FHA|USDA|VA) 3 $175,000 $58,333 $0 10.54%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 2 $120,000 $60,000 $0 10.69%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 10.50%
    V.i.p. Trust Deed Company's top markets include Los Angeles, Riverside, Bakersfield, Visalia, and Hanford among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 29 $3,845,000 $132,586 $0 9.94%

    For 2019, V.i.p. Trust Deed Company's most frequently originated type of loan was Conventional, with 29 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 17 $2,495,000 $146,765 $0 10.16%
    Home Improvement 10 $950,000 $95,000 $0 9.59%
    Refi 2 $400,000 $200,000 $0 9.81%

    For 2019, V.i.p. Trust Deed Company's most frequently cited loan purpose was Home Purchase, with 17 originations. The 2nd most popular reason was Home Improvement, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 28 $3,790,000 $135,357 $0 9.92%
    1 Year 1 $55,000 $55,000 $0 10.50%

    For 2019, V.i.p. Trust Deed Company's most frequently cited loan duration was 5 Year, with 28 originations. The 2nd most popular length was 1 Year, with 1 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 26 $3,560,000 $136,923
    7-8% 3 $285,000 $95,000

    During 2019, 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 26 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 16 $1,020,000 $63,750 $0 9.93%
    $100k-200k 6 $740,000 $123,333 $0 10.46%
    $200k-400k 6 $1,680,000 $280,000 $0 9.56%
    $400k-600k 1 $405,000 $405,000 $0 9.25%

    2019 saw V.i.p. Trust Deed Company place emphasis on $100,000 or less loans with 16 originations, totaling $1,020,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 15 $1,905,000 $127,000 $0 10.27%
    White 7 $1,205,000 $172,143 $0 9.95%
    Not provided 6 $690,000 $115,000 $0 9.52%
    Black 1 $45,000 $45,000 $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
    89.66%

    V.i.p. Trust Deed Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 29 $3,845,000 $132,586

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $55,000 $55,000
    Single Family (1-4 Units):Site-Built 28 $3,790,000 $135,357

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $740,000 $123,333 $0 10.83%
    40-60% 6 $1,080,000 $180,000 $0 9.46%
    60-80% 7 $925,000 $132,143 $0 9.91%
    Under 20% 10 $1,100,000 $110,000 $0 9.71%