Winnpointe Corporation Mortgage Rates, Fees & Info

ORANGE, CA

LEI: 5493005FJKWE0GR4YS94

Tax ID: 56-2674896

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Winnpointe Corporation is a smaller 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 by origination volume include: Los Angeles, Riverside, San Francisco, Sacramento, and San Diego among others. We have data for 34 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Winnpointe 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. Winnpointe Corporation is typically a low 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 about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    224

    Origination Dollar Volume (All Markets)

    $69,880,000

    Awards

    WINNPOINTE CORPORATION 30 Year Conventional Loans gold WINNPOINTE CORPORATION 30 Year Conventional Loans gold WINNPOINTE CORPORATION 30 Year Conventional Loans gold
    Show all (3) awards

    Top 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) 66 $21,850,000 $331,061 $1,925 4.78%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 38 $10,750,000 $282,895 $1,732 4.72%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 16 $5,350,000 $334,375 $1,138 4.12%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 15 $4,915,000 $327,667 $2,227 4.67%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 13 $4,045,000 $311,154 $1,333 4.24%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 10 $3,610,000 $361,000 $1,717 5.26%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 8 $3,440,000 $430,000 $1,054 4.47%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 8 $2,240,000 $280,000 $739 4.38%
    STOCKTON, CA (FHA|USDA|VA) 7 $1,775,000 $253,571 $1,526 4.75%
    VALLEJO, CA (FHA|USDA|VA) 4 $1,660,000 $415,000 $3,595 4.91%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 3 $1,205,000 $401,667 $495 4.58%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 5 $1,095,000 $219,000 $1,045 6.20%
    SALINAS, CA (FHA|USDA|VA) 3 $875,000 $291,667 $495 5.00%
    VISALIA, CA (FHA|USDA|VA) 3 $685,000 $228,333 $1,946 5.17%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 3 $665,000 $221,667 $495 4.50%
    FRESNO, CA (FHA|USDA|VA) 2 $510,000 $255,000 $0 4.56%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $455,000 $455,000 $1,495 4.88%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $455,000 $455,000 $480 4.75%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $435,000 $435,000 $2,317 4.38%
    Susanville, CA (FHA|USDA|VA) 2 $390,000 $195,000 $1,527 4.56%
    MODESTO, CA (FHA|USDA|VA) 2 $380,000 $190,000 $1,943 4.50%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $365,000 $365,000 $495 4.38%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $335,000 $335,000 $0 3.99%
    Glenwood Springs, CO (FHA|USDA|VA) 1 $335,000 $335,000 $1,825 4.99%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $305,000 $305,000 $2,717 2.99%
    MERCED, CA (FHA|USDA|VA) 1 $255,000 $255,000 $1,247 4.38%
    MADERA, CA (FHA|USDA|VA) 1 $235,000 $235,000 $3,267 5.75%
    CHICO, CA (FHA|USDA|VA) 1 $235,000 $235,000 $0 4.13%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $215,000 $215,000 $2,879 5.00%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $205,000 $205,000 $0 5.13%
    Outside of Metro Areas 1 $205,000 $205,000 $2,250 4.88%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $195,000 $195,000 $5,141 3.88%
    PUEBLO, CO (FHA|USDA|VA) 1 $175,000 $175,000 $0 4.88%
    TUCSON, AZ (FHA|USDA|VA) 1 $35,000 $35,000 $1,716 11.49%
    Winnpointe Corporation's top markets include Los Angeles, Riverside, San Francisco, Sacramento, and San Diego among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against WINNPOINTE CORPORATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SANTA CLARA COUNTY
    Similarity Rank: 20
    COASTHILLS
    Similarity Rank: 48
    MYPOINT Credit Union
    Similarity Rank: 55
    SESLOC
    Similarity Rank: 70
    Montecito Bank & Trust
    Similarity Rank: 126
    FRONTWAVE
    Similarity Rank: 176
    Valley First Credit Union
    Similarity Rank: 187
    CBC Federal Credit Union
    Similarity Rank: 189
    LBS FINANCIAL
    Similarity Rank: 210
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 216

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 219 $68,475,000 $312,671 $1,667 4.72%
    FHA 5 $1,405,000 $281,000 $3,487 5.05%

    For 2018, Winnpointe Corporation's most frequently originated type of loan was Conventional, with 219 originations. Their 2nd most popular type was FHA, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 210 $64,510,000 $307,190 $1,455 4.72%
    Home Purchase 14 $5,370,000 $383,571 $4,229 4.76%

    For 2018, Winnpointe Corporation's most frequently cited loan purpose was Refi, with 210 originations. The 2nd most popular reason was Home Purchase, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 184 $59,860,000 $325,326 $1,840 4.69%
    15 Year 34 $8,380,000 $246,471 $1,262 5.02%
    20 Year 4 $1,060,000 $265,000 $495 4.22%
    Other 2 $580,000 $290,000 $952 4.12%

    For 2018, Winnpointe Corporation's most frequently cited loan duration was 30 Year, with 184 originations. The 2nd most popular length was 15 Year, with 34 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 45 $14,395,000 $319,889
    $1k-2k 12 $2,070,000 $172,500
    $2k-3k 5 $1,255,000 $251,000
    $5k+ 3 $1,435,000 $478,333
    $3k-4k 2 $240,000 $120,000

    Winnpointe Corporation's average total fees were $1,840, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 45 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 145 $47,015,000 $324,241
    3-4% 39 $12,715,000 $326,026
    5-6% 31 $8,875,000 $286,290
    Over 8% 6 $240,000 $40,000
    2.5-3% 2 $620,000 $310,000
    6-7% 1 $415,000 $415,000

    During 2018, Winnpointe Corporation's average interest rate for loans was 4.69%, while their most frequently originated rate bucket for loans was 4-5%, with 145 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 151 $44,705,000 $296,060 $1,293 4.45%
    $400k-600k 45 $20,465,000 $454,778 $2,491 4.68%
    $100k-200k 20 $3,190,000 $159,500 $2,360 4.97%
    $100,000 or less 6 $240,000 $40,000 $1,949 11.24%
    $600k-1MM 2 $1,280,000 $640,000 $4,032 4.63%

    2018 saw Winnpointe Corporation place emphasis on $200k-400k loans with 151 originations, totaling $44,705,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 74 $24,840,000 $335,676 $1,414 4.70%
    $75k-100k 54 $16,620,000 $307,778 $1,696 4.63%
    $50k-75k 53 $13,395,000 $252,736 $2,026 4.91%
    $150k-250k 27 $10,865,000 $402,407 $2,277 4.73%
    $50k or less 12 $2,850,000 $237,500 $835 4.50%
    $250k+ 4 $1,310,000 $327,500 $1,543 4.66%

    Winnpointe Corporation lent most frequently to those with incomes in the $100k-150k range, with 74 originations. The second most popular income band? $75k-100k, with 54 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 36 $11,210,000 $311,389 $1,729 4.42%
    49% 27 $9,145,000 $338,704 $2,452 5.14%
    20-30% 20 $6,540,000 $327,000 $1,594 4.39%
    44% 17 $4,525,000 $266,176 $1,636 4.75%
    46% 15 $4,475,000 $298,333 $1,127 4.63%
    43% 14 $5,180,000 $370,000 $3,716 4.60%
    48% 13 $4,105,000 $315,769 $1,531 4.76%
    47% 13 $3,995,000 $307,308 $2,033 5.59%
    41% 10 $3,060,000 $306,000 $1,459 4.30%
    40% 10 $3,460,000 $346,000 $823 4.40%
    45% 10 $2,720,000 $272,000 $872 5.27%
    38% 9 $2,995,000 $332,778 $1,526 4.40%
    39% 8 $2,380,000 $297,500 $388 4.66%
    42% 7 $2,085,000 $297,857 $876 5.59%
    50-60% 5 $1,545,000 $309,000 $2,930 4.70%
    37% 4 $1,000,000 $250,000 $2,773 4.38%
    36% 3 $585,000 $195,000 $3,691 4.50%
    <20% 2 $600,000 $300,000 $995 4.13%
    >60% 1 $275,000 $275,000 $0 5.00%

    Winnpointe Corporation lent most frequently to those with DTI ratios of 30-36%, with 36 originations. The next most common DTI ratio? 49%, with 27 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 136 $41,380,000 $304,265 $1,683 4.91%
    Not provided 55 $18,045,000 $328,091 $2,140 4.39%
    Asian 27 $8,805,000 $326,111 $979 4.55%
    Native Hawaiian or Islander 2 $560,000 $280,000 $5,400 3.75%
    Not applicable 2 $490,000 $245,000 $495 4.44%
    American Indian 1 $315,000 $315,000 $250 5.00%
    Black 1 $285,000 $285,000 $0 4.63%

    Approval Rates

    Total approvals of all applications
    92.47%

    Winnpointe Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    -128.57%

    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
    NA 224 $69,880,000 $311,964

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 224 $69,880,000 $311,964

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 19 $5,115,000 $269,211 $1,168 4.32%
    40-60% 71 $23,095,000 $325,282 $1,182 4.40%
    60-80% 108 $34,780,000 $322,037 $2,064 4.60%
    80-100% 19 $6,535,000 $343,947 $2,194 5.00%
    Under 20% 7 $355,000 $50,714 $1,991 10.26%