Icore Lending Mortgage Rates, Fees & Info

NEWPORT COAST, CA

LEI: 254900PBEMOERRZO9E31

Tax ID: 81-3881445

Latest/2024 | 2023 Data | 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
  • Similar Lenders
  • 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

    Icore Lending is a smaller mortgage company specializing in Refi and Home Purchase loans. Icore Lending has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Los Angeles, Riverside, San Diego, Sacramento, and Bakersfield among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Icore Lending 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. Icore Lending is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    242

    Origination Dollar Volume (All Markets)

    $93,830,000

    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) 166 $68,190,000 $410,783 $11,891 3.41%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 64 $21,310,000 $332,969 $10,739 3.35%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 4 $1,890,000 $472,500 $19,492 2.66%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $610,000 $305,000 $7,595 3.44%
    BAKERSFIELD, CA (FHA|USDA|VA) 2 $570,000 $285,000 $8,923 4.13%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $515,000 $515,000 $11,280 3.63%
    FRESNO, CA (FHA|USDA|VA) 2 $510,000 $255,000 $8,824 2.75%
    EL CENTRO, CA (FHA|USDA|VA) 1 $235,000 $235,000 $7,625 3.38%
    Icore Lending's top markets include Los Angeles, Riverside, San Diego, Sacramento, and Bakersfield among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against iCore Lending based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Chaffey Federal Credit Union
    Similarity Rank: 345
    ALTURA
    Similarity Rank: 628
    Christian Community Credit Union
    Similarity Rank: 716
    BLUE BRICK FINANCIAL LLC
    Similarity Rank: 825
    First Credit Union
    Similarity Rank: 1034
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 1053
    ARIZONA CENTRAL
    Similarity Rank: 1056
    Armed Forces Bank
    Similarity Rank: 1136
    ALTITUDE FINANCIAL CORPORATION
    Similarity Rank: 1218
    FFC Mortgage Corp.
    Similarity Rank: 1428

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 177 $66,915,000 $378,051 $9,666 3.39%
    FHA 61 $24,745,000 $405,656 $17,207 3.36%
    VA 4 $2,170,000 $542,500 $12,120 2.97%

    For 2020, Icore Lending's most frequently originated type of loan was Conventional, with 177 originations. Their 2nd most popular type was FHA, with 61 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 163 $59,435,000 $364,632 $10,188 3.36%
    Home Purchase 79 $34,395,000 $435,380 $14,512 3.41%

    For 2020, Icore Lending's most frequently cited loan purpose was Refi, with 163 originations. The 2nd most popular reason was Home Purchase, with 79 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 229 $89,545,000 $391,026 $11,766 3.40%
    15 Year 8 $2,500,000 $312,500 $7,626 3.02%
    20 Year 5 $1,785,000 $357,000 $10,631 3.05%

    For 2020, Icore Lending's most frequently cited loan duration was 30 Year, with 229 originations. The 2nd most popular length was 15 Year, with 8 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 136 $56,080,000 $412,353
    $4k-5k 36 $11,510,000 $319,722
    $2k-3k 29 $11,565,000 $398,793
    $1k-2k 20 $8,130,000 $406,500
    $3k-4k 19 $5,825,000 $306,579
    $<1k 1 $305,000 $305,000

    Icore Lending's average total fees were $11,766, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 136 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 101 $40,695,000 $402,921
    2.5-3% 96 $36,650,000 $381,771
    4-5% 35 $12,545,000 $358,429
    <2.5% 8 $3,010,000 $376,250
    5-6% 2 $930,000 $465,000

    During 2020, Icore Lending's average interest rate for loans was 3.40%, while their most frequently originated rate bucket for loans was 3-4%, with 101 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 116 $36,260,000 $312,586 $10,094 3.43%
    $400k-600k 100 $47,430,000 $474,300 $13,026 3.39%
    $100k-200k 13 $2,115,000 $162,692 $7,506 3.07%
    $600k-1MM 12 $7,960,000 $663,333 $19,354 3.19%
    $100,000 or less 1 $65,000 $65,000 $6,626 2.88%

    2020 saw Icore Lending place emphasis on $200k-400k loans with 116 originations, totaling $36,260,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 67 $26,015,000 $388,284 $12,190 3.56%
    $50k-75k 66 $22,060,000 $334,242 $11,210 3.33%
    $100k-150k 57 $25,265,000 $443,246 $12,835 3.34%
    $50k or less 28 $8,740,000 $312,143 $9,937 3.41%
    $150k-250k 17 $8,715,000 $512,647 $10,436 3.06%
    $250k+ 7 $3,035,000 $433,571 $9,187 3.11%

    Icore Lending lent most frequently to those with incomes in the $75k-100k range, with 67 originations. The second most popular income band? $50k-75k, with 66 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 28 $10,400,000 $371,429 $10,247 3.25%
    50-60% 28 $11,270,000 $402,500 $17,640 3.29%
    44% 27 $11,125,000 $412,037 $11,742 3.74%
    20-30% 24 $8,880,000 $370,000 $8,326 3.29%
    43% 16 $6,580,000 $411,250 $11,898 3.53%
    40% 15 $5,215,000 $347,667 $9,562 3.41%
    42% 13 $4,535,000 $348,846 $9,545 3.40%
    49% 12 $3,730,000 $310,833 $11,692 3.50%
    48% 9 $4,165,000 $462,778 $15,734 3.04%
    39% 9 $4,265,000 $473,889 $8,611 3.41%
    36% 8 $3,200,000 $400,000 $12,482 3.28%
    41% 8 $3,070,000 $383,750 $11,953 3.23%
    46% 8 $3,190,000 $398,750 $12,038 3.38%
    47% 8 $3,060,000 $382,500 $15,790 3.09%
    <20% 7 $2,545,000 $363,571 $10,315 2.98%
    45% 7 $2,765,000 $395,000 $11,023 3.50%
    38% 6 $2,360,000 $393,333 $8,639 3.31%
    37% 4 $1,290,000 $322,500 $7,303 3.34%

    Icore Lending lent most frequently to those with DTI ratios of 30-36%, with 28 originations. The next most common DTI ratio? 50-60%, with 28 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 208 $81,340,000 $391,058 $11,772 3.40%
    Not provided 30 $11,230,000 $374,333 $10,306 3.27%
    Black 2 $750,000 $375,000 $16,633 3.38%
    Asian 2 $510,000 $255,000 $8,824 2.75%

    Approval Rates

    Total approvals of all applications
    100.00%

    Icore Lending 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
    86.78%

    Icore Lending has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 242 $93,830,000 $387,727

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 242 $93,830,000 $387,727

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $2,890,000 $240,833 $7,326 3.16%
    40-60% 42 $14,510,000 $345,476 $9,677 3.24%
    60-80% 86 $34,290,000 $398,721 $10,402 3.48%
    80-100% 98 $40,930,000 $417,653 $14,033 3.37%
    Over 100% 1 $745,000 $745,000 $27,327 2.88%
    Under 20% 2 $290,000 $145,000 $5,026 3.50%