Pivotal Capital Group Ii Mortgage Rates, Fees & Info

Wilmington, DE

LEI: 254900QPQ7RHWVUGYW23

Tax ID: 46-4124053

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Pivotal Capital Group Ii is a smaller mortgage company specializing in Home Improvement and Home Purchase loans. Pivotal Capital Group Ii has a high proportion of conventional loans. Their top markets include Los Angeles, San Francisco, San Jose, Riverside, and Santa Rosa among others. Pivotal Capital Group Ii 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.


Originations

110

Origination Dollar Volume (All Markets)

$89,960,000

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 51 $41,655,000 $816,765 $0 8.68%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 33 $29,765,000 $901,970 $0 8.27%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 8 $9,850,000 $1,231,250 $0 7.72%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 9 $3,385,000 $376,111 $0 8.14%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 3 $2,435,000 $811,667 $0 8.33%
VALLEJO, CA (FHA|USDA|VA) 3 $1,075,000 $358,333 $0 8.50%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $915,000 $915,000 $0 7.00%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $515,000 $515,000 $0 7.00%
STOCKTON, CA (FHA|USDA|VA) 1 $365,000 $365,000 $0 7.50%

Pivotal Capital Group Ii 's top markets include Los Angeles, San Francisco, San Jose, Riverside, and Santa Rosa among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 110 $89,960,000 $817,818 $0 8.39%

For the 2021 period, Pivotal Capital Group Ii 's most frequently originated loan type of loans were Conventional, with 110 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Improvement 65 $62,735,000 $965,154 $0 8.38%
Home Purchase 44 $26,920,000 $611,818 $0 8.42%
Cash Out Refi 1 $305,000 $305,000 $0 8.00%

For the 2021, Pivotal Capital Group Ii 's most frequently cited loan purpose of loans were Home Improvement, with 65 originations. The 2nd most popular reason of loans were Home Purchase, with 44 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 86 $74,230,000 $863,140 $0 8.42%
1 Year 24 $15,730,000 $655,417 $0 8.30%

For the 2021, Pivotal Capital Group Ii 's most frequently cited loan length of loans were Other, with 86 originations. The 2nd most popular length of loans were 1 Year, with 24 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
7-8% 55 $47,815,000 $869,364
Over 8% 49 $37,475,000 $764,796
6-7% 5 $4,225,000 $845,000
5-6% 1 $445,000 $445,000

During 2021, Pivotal Capital Group Ii 's average interest rate of loans were 0.00%, while their most frequently originated rate bucket of loans were 7-8%, with 55 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$600k-1MM 39 $31,095,000 $797,308 $0 8.62%
$1MM+ 29 $41,015,000 $1,414,310 $0 8.43%
$400k-600k 26 $12,630,000 $485,769 $0 8.12%
$200k-400k 15 $5,085,000 $339,000 $0 8.14%
$100k-200k 1 $135,000 $135,000 $0 9.00%

2021 saw Pivotal Capital Group Ii place emphasis on $600k-1MM loans with 39 originations, totaling $31,095,000 in origination value.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not applicable 110 $89,960,000 $817,818 $0 8.39%

Approval Rates

Total approvals of all applications
95.11%

Pivotal Capital Group Ii 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
33.75%

Pivotal Capital Group Ii 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
NA 110 $89,960,000 $817,818

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
110 $89,960,000 $817,818

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
40-60% 5 $2,055,000 $411,000 $0 7.95%
60-80% 82 $60,080,000 $732,683 $0 8.39%
80-100% 22 $26,510,000 $1,205,000 $0 8.43%
Under 20% 1 $1,315,000 $1,315,000 $0 10.00%