Winnpointe Corporation Mortgage Rates, Fees & Info

ORANGE, CA

LEI: 5493005FJKWE0GR4YS94

Tax ID: 56-2674896

2020 Data | 2019 Data | 2018 Data


Overview

Winnpointe Corporation is a mid-sized mortgage company specializing in Refi loans. Winnpointe Corporation has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Los Angeles, Anaheim, San Diego, Oakland, and Riverside among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Winnpointe Corporation is typically a low fee lendor.


Originations

11,807

Origination Dollar Volume (All Markets)

$4,860,385,000

Awards

2020 WINNPOINTE CORPORATION Low Fee Award
Details
2020 WINNPOINTE CORPORATION Low Rate Award
Details

Relative Rate

Winnpointe Corporation's average 30 year fixed rate mortgage was 2.89%.

The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.

This yields a difference of -0.47%.

Relative Fees

Winnpointe Corporation's average total fees for a 30 year fixed rate mortgage are $567.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $5,021.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 11,762 $4,846,810,000 $412,074 $503 2.77%
FHA 39 $11,625,000 $298,077 $4,631 3.58%
VA 6 $1,950,000 $325,000 $741 2.97%

For the 2020 period, Winnpointe Corporation's most frequently originated loan type was Conventional, with 11,762 originations. Their 2nd most popular type is FHA, with 39 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 9,302 $3,914,080,000 $420,778 $96 2.75%
Home Improvement 2,496 $942,570,000 $377,632 $2,075 2.86%
Home Purchase 6 $2,670,000 $445,000 $4,384 3.19%
Cash Out Refi 3 $1,065,000 $355,000 $465 3.16%

For the 2020, Winnpointe Corporation's most frequently cited loan purpose was Refi, with 9,302 originations. The 2nd most popular reason was Home Improvement, with 2,496 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 8,391 $3,551,975,000 $423,308 $567 2.88%
15 Year 2,835 $1,081,465,000 $381,469 $406 2.44%
20 Year 318 $124,420,000 $391,258 $311 2.85%
Other 258 $101,460,000 $393,256 $372 2.89%
10 Year 5 $1,065,000 $213,000 $299 2.92%

For the 2020, Winnpointe Corporation's most frequently cited loan length was 30 Year, with 8,391 originations. The 2nd most popular length was 15 Year, with 2,835 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 11,761 $4,843,005,000 $411,785
$1k-2k 35 $12,445,000 $355,571
$2k-3k 5 $1,925,000 $385,000
$3k-4k 4 $1,930,000 $482,500
$5k+ 2 $1,080,000 $540,000

$567 was Winnpointe Corporation's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 11,761 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
LOS ANGELES-LONG BEACH-GLENDALE, CA 2,740 $1,148,700,000 $419,234 $613 2.73%
ANAHEIM-SANTA ANA-IRVINE, CA 1,845 $830,645,000 $450,214 $481 2.65%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 1,225 $518,165,000 $422,992 $443 2.70%
OAKLAND-BERKELEY-LIVERMORE, CA 856 $436,070,000 $509,428 $299 2.63%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 1,228 $432,690,000 $352,353 $599 2.91%
PHOENIX-MESA-CHANDLER, AZ 937 $297,195,000 $317,177 $549 3.07%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 517 $260,405,000 $503,685 $275 2.56%
OXNARD-THOUSAND OAKS-VENTURA, CA 482 $205,670,000 $426,701 $499 2.70%
SACRAMENTO-ROSEVILLE-FOLSOM, CA 429 $156,535,000 $364,883 $553 2.82%
DENVER-AURORA-LAKEWOOD, CO 255 $90,845,000 $356,255 $544 2.98%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 175 $89,135,000 $509,343 $493 2.60%
STOCKTON, CA 156 $56,790,000 $364,038 $483 2.93%
FRESNO, CA 89 $30,315,000 $340,618 $750 3.06%
SAN LUIS OBISPO-PASO ROBLES, CA 64 $25,850,000 $403,906 $350 2.88%
Outside of Metro Areas 75 $24,325,000 $324,333 $603 3.04%
VALLEJO, CA 61 $22,265,000 $365,000 $487 2.87%
MODESTO, CA 67 $21,765,000 $324,851 $666 3.06%
SANTA MARIA-SANTA BARBARA, CA 46 $19,450,000 $422,826 $230 2.82%
SALINAS, CA 50 $18,980,000 $379,600 $914 2.93%
SANTA CRUZ-WATSONVILLE, CA 46 $18,450,000 $401,087 $741 2.76%
PRESCOTT VALLEY-PRESCOTT, AZ 51 $16,385,000 $321,275 $617 3.12%
TUCSON, AZ 50 $15,110,000 $302,200 $504 3.14%
SANTA ROSA-PETALUMA, CA 31 $12,825,000 $413,710 $887 2.86%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 33 $10,435,000 $316,212 $474 2.99%
SAN RAFAEL, CA 22 $9,020,000 $410,000 $79 2.68%
FORT COLLINS, CO 26 $8,980,000 $345,385 $577 2.91%
COLORADO SPRINGS, CO 27 $8,635,000 $319,815 $390 3.11%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 25 $8,305,000 $332,200 $97 3.44%
BOULDER, CO 20 $8,030,000 $401,500 $473 2.86%
VISALIA, CA 23 $6,885,000 $299,348 $349 3.14%
BAKERSFIELD, CA 19 $6,045,000 $318,158 $318 3.32%
GREELEY, CO 17 $5,945,000 $349,706 $522 3.04%
NAPA, CA 14 $5,580,000 $398,571 $1,297 2.98%
LAKE HAVASU CITY-KINGMAN, AZ 18 $5,300,000 $294,444 $680 3.10%
CHICO, CA 14 $5,150,000 $367,857 $393 2.91%
MERCED, CA 14 $4,180,000 $298,571 $1,095 3.26%
FLAGSTAFF, AZ 12 $3,850,000 $320,833 $756 3.39%
GRAND JUNCTION, CO 7 $2,305,000 $329,286 $1,117 3.16%
MADERA, CA 5 $1,585,000 $317,000 $1,630 3.15%
KNOXVILLE, TN 4 $1,500,000 $375,000 $68 3.22%
HANFORD-CORCORAN, CA 5 $1,385,000 $277,000 $1,247 3.03%
EL CENTRO, CA 4 $1,320,000 $330,000 $0 3.25%
YUBA CITY, CA 4 $1,240,000 $310,000 $833 2.72%
PUEBLO, CO 3 $1,085,000 $361,667 $834 2.71%
REDDING, CA 3 $1,035,000 $345,000 $3,268 2.83%
MEMPHIS, TN-MS-AR 3 $875,000 $291,667 $319 3.50%
YUMA, AZ 3 $765,000 $255,000 $839 3.33%
SIERRA VISTA-DOUGLAS, AZ 2 $680,000 $340,000 $85 3.44%
CHATTANOOGA, TN-GA 1 $485,000 $485,000 $0 3.50%
JOHNSON CITY, TN 1 $455,000 $455,000 $0 3.50%
ATHENS-CLARKE COUNTY, GA 1 $315,000 $315,000 $0 3.63%
HINESVILLE, GA 1 $285,000 $285,000 $1,435 3.50%
KINGSPORT-BRISTOL, TN-VA 1 $165,000 $165,000 $1,222 3.63%

Winnpointe Corporation's top markets include Los Angeles, Anaheim, San Diego, Oakland, and Riverside among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
<2.5% 4,603 $2,040,985,000 $443,403
2.5-3% 4,429 $1,854,795,000 $418,784
3-4% 2,668 $930,510,000 $348,767
4-5% 105 $33,115,000 $315,381
5-6% 1 $515,000 $515,000

During 2020, Winnpointe Corporation's average interest rate was 2.89%, while their most frequently originated rate bucket was <2.5%, with 4,603 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 6,235 $2,037,495,000 $326,783 $473 2.84%
$400k-600k 4,404 $2,104,920,000 $477,956 $537 2.71%
$600k-1MM 1,013 $691,495,000 $682,621 $626 2.56%
$100k-200k 155 $26,475,000 $170,806 $1,009 3.41%

2020 saw Winnpointe Corporation place emphasis on $200k-400k loans with 6,235 originations, totaling $2,037,495,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 4,183 $1,696,965,000 $405,681 $517 2.78%
$150k-250k 3,416 $1,591,500,000 $465,896 $445 2.63%
$75k-100k 2,046 $738,240,000 $360,821 $580 2.91%
$50k-75k 1,167 $370,635,000 $317,596 $656 3.03%
$250k+ 807 $416,845,000 $516,537 $404 2.52%
$50k or less 188 $46,200,000 $245,745 $743 3.30%

Winnpointe Corporation lent most frequently to those with incomes in the $100k-150k range, with 4,183 originations. The second most popular income band? $150k-250k, with 3,416 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 3,178 $1,316,770,000 $414,339 $420 2.72%
30-36% 2,483 $1,036,515,000 $417,445 $528 2.76%
<20% 911 $365,025,000 $400,686 $393 2.67%
44% 464 $189,720,000 $408,879 $724 2.87%
38% 418 $171,720,000 $410,813 $486 2.81%
40% 414 $167,630,000 $404,903 $504 2.83%
36% 399 $165,275,000 $414,223 $569 2.80%
43% 393 $157,525,000 $400,827 $697 2.88%
39% 382 $161,590,000 $423,010 $596 2.81%
37% 379 $159,065,000 $419,697 $447 2.81%
42% 378 $153,050,000 $404,894 $658 2.84%
41% 373 $153,545,000 $411,649 $644 2.83%
45% 330 $132,820,000 $402,485 $684 2.84%
46% 316 $129,660,000 $410,316 $499 2.80%
49% 308 $121,410,000 $394,188 $461 2.84%
48% 287 $122,205,000 $425,801 $642 2.88%
47% 279 $112,225,000 $402,240 $470 2.82%
50-60% 102 $40,090,000 $393,039 $952 2.94%
>60% 8 $2,900,000 $362,500 $2,047 3.43%

Winnpointe Corporation lent most frequently to those with DTI ratios of 20-30%, with 3,178 originations. The next most common DTI ratio? 30-36%, with 2,483 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 4,860 $1,899,170,000 $390,776 $577 2.88%
Not provided 4,252 $1,742,640,000 $409,840 $552 2.73%
Asian 2,387 $1,103,095,000 $462,126 $341 2.62%
Black 165 $58,305,000 $353,364 $555 3.02%
Native Hawaiian 38 $14,950,000 $393,421 $701 2.99%
Asian Indian 24 $13,190,000 $549,583 $71 2.52%
American Indian 33 $12,835,000 $388,939 $234 2.91%
Not applicable 29 $8,575,000 $295,690 $150 3.38%
Other Asian 6 $2,420,000 $403,333 $769 2.77%
Filipino 4 $1,660,000 $415,000 $138 2.84%
Chinese 2 $1,150,000 $575,000 $0 2.63%
2 $850,000 $425,000 $0 2.81%
Vietnamese 2 $670,000 $335,000 $0 2.69%
Korean 2 $500,000 $250,000 $0 2.68%
Other Pacific Islander 1 $375,000 $375,000 $20 2.25%

Approval Rates

Total approvals of all applications
93.29%

Winnpointe Corporation has an average approval rate.

Pick Rate

Approvals leading to origination
49.58%

Winnpointe 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
0.0 1 $425,000 $425,000
NA 11,806 $4,859,960,000 $411,652

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Site-Built 11,807 $4,860,385,000 $411,653

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 1,174 $424,900,000 $361,925 $388 2.61%
40-60% 6,329 $2,619,825,000 $413,940 $404 2.67%
60-80% 3,723 $1,593,985,000 $428,145 $703 2.94%
80-100% 536 $205,360,000 $383,134 $843 3.26%
Over 100% 1 $435,000 $435,000 $2,174 2.99%
Under 20% 44 $15,880,000 $360,909 $362 2.63%