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, Riverside, San Jose, and San Diego among others. We have data for 11 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
174Origination Dollar Volume (All Markets)
$131,840,000Top 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) | 99 | $74,575,000 | $753,283 | $0 | 8.52% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 28 | $28,360,000 | $1,012,857 | $0 | 9.12% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 19 | $7,525,000 | $396,053 | $0 | 8.54% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 4 | $5,540,000 | $1,385,000 | $0 | 10.56% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 7 | $4,285,000 | $612,143 | $0 | 8.71% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 5 | $4,135,000 | $827,000 | $0 | 10.80% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $2,150,000 | $1,075,000 | $0 | 8.00% |
| VALLEJO, CA (FHA|USDA|VA) | 4 | $1,740,000 | $435,000 | $0 | 7.75% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $1,550,000 | $775,000 | $0 | 10.63% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $1,390,000 | $695,000 | $0 | 10.63% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $0 | 7.75% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 174 | $131,840,000 | $757,701 | $0 | 8.76% |
For 2022, Pivotal Capital Group Ii's most frequently originated type of loan was Conventional, with 174 originations.
Loan Reason
For 2022, Pivotal Capital Group Ii's most frequently cited loan purpose was Home Improvement, with 91 originations. The 2nd most popular reason was Home Purchase, with 82 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 101 | $78,535,000 | $777,574 | $0 | 8.77% |
| 1 Year | 73 | $53,305,000 | $730,205 | $0 | 8.74% |
For 2022, Pivotal Capital Group Ii's most frequently cited loan duration was Other, with 101 originations. The 2nd most popular length was 1 Year, with 73 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 84 | $60,630,000 | $721,786 |
| 7-8% | 76 | $60,890,000 | $801,184 |
| 6-7% | 14 | $10,320,000 | $737,143 |
During 2022, Pivotal Capital Group Ii's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 84 originations.
Loan Sizing
2022 saw Pivotal Capital Group Ii place emphasis on $600k-1MM loans with 62 originations, totaling $47,930,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 1 | $555,000 | $555,000 | $0 | 8.50% |
| $50k-75k | 1 | $605,000 | $605,000 | $0 | 13.75% |
Pivotal Capital Group Ii lent most frequently to those with incomes in the $250k+ range, with 1 originations. The second most popular income band? $50k-75k, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.60%
Pivotal Capital Group Ii has an average approval rate.
Pick Rate
Approvals leading to origination40.80%
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 | 174 | $131,840,000 | $757,701 |