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, Sacramento, San Francisco, and Santa Cruz among others. We have data for 10 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
34Origination Dollar Volume (All Markets)
$14,690,000Top 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) | 18 | $5,510,000 | $306,111 | $12,340 | 8.47% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $2,435,000 | $2,435,000 | $85,398 | 8.27% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 4 | $2,060,000 | $515,000 | $9,568 | 8.23% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $1,710,000 | $427,500 | $19,338 | 9.36% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $1,075,000 | $1,075,000 | $35,639 | 7.80% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $19,776 | 9.33% |
| Outside of Metro Areas | 1 | $515,000 | $515,000 | $0 | 9.00% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $14,879 | 7.99% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $12,455 | 9.48% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $9,702 | 7.66% |
Their top states include:
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 34 | $14,690,000 | $432,059 | $17,443 | 8.58% |
For 2019, Woodland Hills Mortgage Corporation's most frequently originated type of loan was Conventional, with 34 originations.
Loan Reason
For 2019, Woodland Hills Mortgage Corporation's most frequently cited loan purpose was Refi, with 19 originations. The 2nd most popular reason was Home Purchase, with 9 originations.
Loan Duration/Length
For 2019, Woodland Hills Mortgage Corporation's most frequently cited loan duration was 30 Year, with 22 originations. The 2nd most popular length was 10 Year, with 5 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $5k+ | 18 | $9,260,000 | $514,444 |
| $4k-5k | 4 | $650,000 | $162,500 |
Woodland Hills Mortgage Corporation's average total fees were $17,443, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 18 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 21 | $9,545,000 | $454,524 |
| 7-8% | 10 | $4,480,000 | $448,000 |
| 6-7% | 3 | $665,000 | $221,667 |
During 2019, Woodland Hills Mortgage Corporation's average interest rate for loans was 8.51%, while their most frequently originated rate bucket for loans was Over 8%, with 21 originations.
Loan Sizing
2019 saw Woodland Hills Mortgage Corporation place emphasis on $100k-200k loans with 10 originations, totaling $1,490,000 in origination value.
Applicant Income
Woodland Hills Mortgage Corporation lent most frequently to those with incomes in the $50k or less range, with 11 originations. The second most popular income band? $100k-150k, with 7 originations.
Applicant Debt to Income Ratio
Woodland Hills Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 5 originations. The next most common DTI ratio? <20%, with 5 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.33%
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-11.76%
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 | 34 | $14,690,000 | $432,059 |