Pivotal Capital Group Ii Mortgage Rates, Fees & Info
Wilmington, DELEI: 254900QPQ7RHWVUGYW23
Tax ID: 46-4124053
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & 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 by origination volume include: Los Angeles, San Francisco, San Jose, Riverside, and Santa Rosa among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Pivotal Capital Group Ii 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
110Origination Dollar Volume (All Markets)
$89,960,000Top 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) | 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% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 110 | $89,960,000 | $817,818 | $0 | 8.39% |
For 2021, Pivotal Capital Group Ii's most frequently originated type of loan was Conventional, with 110 originations.
Loan Reason
For 2021, Pivotal Capital Group Ii's most frequently cited loan purpose was Home Improvement, with 65 originations. The 2nd most popular reason was 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 2021, Pivotal Capital Group Ii's most frequently cited loan duration was Other, with 86 originations. The 2nd most popular length was 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 for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 55 originations.
Loan Sizing
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 applications96.77%
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 origination36.36%
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 |