Woodland Hills Mortgage Corporation Rates, Fees & Info
Woodland Hills, CALEI: 549300081WRPSJ4O0M28
Tax ID: 95-4361574
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Mortgage Data
Review & Overview
Woodland Hills Mortgage Corporation is a smaller mortgage company specializing in Refi and Home Purchase loans. Woodland Hills Mortgage Corporation has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Jose, San Francisco, Oxnard, and Sacramento among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Woodland Hills Mortgage Corporation 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. Woodland Hills Mortgage Corporation 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 relatively high rates.
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Originations
36Origination Dollar Volume (All Markets)
$11,050,000Top 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) | 19 | $5,115,000 | $269,211 | $8,949 | 9.28% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 4 | $1,920,000 | $480,000 | $16,541 | 8.63% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $27,029 | 9.44% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 9.25% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $7,424 | 8.95% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $8,727 | 11.66% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 10.15% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $11,785 | 9.28% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $11,231 | 8.65% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $7,614 | 9.29% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,782 | 8.65% |
Their top states include:
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 36 | $11,050,000 | $306,944 | $11,137 | 9.31% |
For 2018, Woodland Hills Mortgage Corporation's most frequently originated type of loan was Conventional, with 36 originations.
Loan Reason
For 2018, Woodland Hills Mortgage Corporation's most frequently cited loan purpose was Refi, with 14 originations. The 2nd most popular reason was Home Purchase, with 11 originations.
Loan Duration/Length
For 2018, Woodland Hills Mortgage Corporation's most frequently cited loan duration was 30 Year, with 18 originations. The 2nd most popular length was 10 Year, with 11 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $5k+ | 13 | $4,275,000 | $328,846 |
| $4k-5k | 5 | $795,000 | $159,000 |
Woodland Hills Mortgage Corporation's average total fees were $11,307, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 13 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 29 | $9,285,000 | $320,172 |
| 7-8% | 7 | $1,765,000 | $252,143 |
During 2018, Woodland Hills Mortgage Corporation's average interest rate for loans was 8.89%, while their most frequently originated rate bucket for loans was Over 8%, with 29 originations.
Loan Sizing
2018 saw Woodland Hills Mortgage Corporation place emphasis on $200k-400k loans with 17 originations, totaling $4,635,000 in origination value.
Applicant Income
Woodland Hills Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 10 originations. The second most popular income band? $150k-250k, with 9 originations.
Applicant Debt to Income Ratio
Woodland Hills Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 7 originations. The next most common DTI ratio? <20%, with 6 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Woodland Hills Mortgage Corporation 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-16.67%
Woodland Hills Mortgage Corporation 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 | 36 | $11,050,000 | $306,944 |