Winnpointe Corporation Mortgage Rates, Fees & Info
ORANGE, CALEI: 5493005FJKWE0GR4YS94
Tax ID: 56-2674896
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Mortgage Data
Review & 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 by origination volume include: Los Angeles, San Francisco, San Diego, San Jose, and Riverside among others. We have data for 71 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.
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Originations
8,087Origination Dollar Volume (All Markets)
$3,450,655,000Awards
WINNPOINTE CORPORATION - 2021
WINNPOINTE CORPORATION is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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) | 2,771 | $1,192,095,000 | $430,204 | $740 | 2.33% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1,167 | $607,885,000 | $520,895 | $377 | 2.27% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 805 | $346,715,000 | $430,702 | $674 | 2.28% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 622 | $323,990,000 | $520,884 | $366 | 2.26% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 630 | $223,760,000 | $355,175 | $950 | 2.45% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 541 | $176,895,000 | $326,978 | $934 | 2.38% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 327 | $120,235,000 | $367,691 | $641 | 2.31% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 287 | $119,255,000 | $415,523 | $594 | 2.26% |
| STOCKTON, CA (FHA|USDA|VA) | 153 | $64,545,000 | $421,863 | $636 | 2.33% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 103 | $38,935,000 | $378,010 | $706 | 2.40% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 102 | $34,030,000 | $333,627 | $1,284 | 2.54% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 44 | $18,760,000 | $426,364 | $593 | 2.39% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 52 | $18,230,000 | $350,577 | $543 | 2.09% |
| FRESNO, CA (FHA|USDA|VA) | 50 | $16,370,000 | $327,400 | $631 | 2.42% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 28 | $10,410,000 | $371,786 | $758 | 2.36% |
| TUCSON, AZ (FHA|USDA|VA) | 33 | $10,175,000 | $308,333 | $768 | 2.52% |
| MODESTO, CA (FHA|USDA|VA) | 31 | $10,065,000 | $324,677 | $1,156 | 2.38% |
| VALLEJO, CA (FHA|USDA|VA) | 27 | $9,815,000 | $363,519 | $934 | 2.53% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 24 | $9,520,000 | $396,667 | $426 | 2.42% |
| SALINAS, CA (FHA|USDA|VA) | 22 | $8,560,000 | $389,091 | $1,187 | 2.48% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 18 | $7,290,000 | $405,000 | $614 | 2.29% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 22 | $6,810,000 | $309,545 | $1,759 | 2.63% |
| RENO, NV (FHA|USDA|VA) | 18 | $6,700,000 | $372,222 | $872 | 2.28% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 18 | $5,090,000 | $282,778 | $486 | 2.45% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 14 | $4,660,000 | $332,857 | $861 | 2.46% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 14 | $4,450,000 | $317,857 | $175 | 2.10% |
| FORT COLLINS, CO (FHA|USDA|VA) | 11 | $3,685,000 | $335,000 | $856 | 2.47% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 10 | $3,550,000 | $355,000 | $630 | 2.44% |
| VISALIA, CA (FHA|USDA|VA) | 13 | $3,475,000 | $267,308 | $1,032 | 2.65% |
| BOULDER, CO (FHA|USDA|VA) | 8 | $3,230,000 | $403,750 | $532 | 2.48% |
| Sonora, CA (FHA|USDA|VA) | 7 | $2,995,000 | $427,857 | $593 | 2.28% |
| Outside of Metro Areas | 8 | $2,850,000 | $356,250 | $298 | 2.31% |
| GREELEY, CO (FHA|USDA|VA) | 8 | $2,730,000 | $341,250 | $800 | 2.53% |
| NAPA, CA (FHA|USDA|VA) | 6 | $2,590,000 | $431,667 | $831 | 2.17% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 6 | $2,410,000 | $401,667 | $278 | 2.56% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 7 | $2,375,000 | $339,286 | $552 | 2.21% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 7 | $2,355,000 | $336,429 | $82 | 2.34% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 6 | $2,280,000 | $380,000 | $653 | 2.56% |
| MERCED, CA (FHA|USDA|VA) | 5 | $1,815,000 | $363,000 | $1,235 | 2.35% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 6 | $1,650,000 | $275,000 | $247 | 2.29% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 6 | $1,440,000 | $240,000 | $137 | 2.62% |
| EL CENTRO, CA (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $763 | 2.63% |
| Clearlake, CA (FHA|USDA|VA) | 3 | $1,185,000 | $395,000 | $0 | 2.12% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $1,894 | 2.75% |
| Payson, AZ (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $333 | 2.58% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $1,371 | 2.25% |
| MADERA, CA (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $1,388 | 2.50% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $2,684 | 2.91% |
| CHICO, CA (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $2,856 | 2.37% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $2,318 | 3.00% |
| REDDING, CA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $998 | 2.87% |
| YUBA CITY, CA (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $6,235 | 3.00% |
| Show Low, AZ (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $685 | 2.31% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $2,760 | 1.75% |
| Fort Morgan, CO (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 2.88% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 2.63% |
| Durango, CO (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 2.63% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 2.13% |
| Nogales, AZ (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 1.88% |
| TYLER, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,305 | 2.88% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 2.13% |
| Pahrump, NV (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,277 | 2.75% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 2.75% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 3.00% |
| Montrose, CO (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,195 | 2.38% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $1,473 | 1.99% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $305 | 3.25% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 1.99% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 2.99% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 3.75% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $25 | 2.88% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 8,078 | $3,447,960,000 | $426,833 | $674 | 2.33% |
| FHA | 8 | $2,320,000 | $290,000 | $6,394 | 3.05% |
| HELOC | 1 | $375,000 | $375,000 | n/a | 2.13% |
For 2021, Winnpointe Corporation's most frequently originated type of loan was Conventional, with 8,078 originations. Their 2nd most popular type was FHA, with 8 originations.
Loan Reason
For 2021, Winnpointe Corporation's most frequently cited loan purpose was Refi, with 8,070 originations. The 2nd most popular reason was Home Purchase, with 16 originations.
Loan Duration/Length
For 2021, Winnpointe Corporation's most frequently cited loan duration was 30 Year, with 4,164 originations. The 2nd most popular length was 15 Year, with 3,721 originations.
Origination Fees/Closing Costs
Winnpointe Corporation's average total fees were $918, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 6,958 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| <2.5% | 5,683 | $2,439,815,000 | $429,318 |
| 2.5-3% | 2,127 | $917,955,000 | $431,573 |
| 3-4% | 277 | $92,885,000 | $335,325 |
During 2021, Winnpointe Corporation's average interest rate for loans was 2.64%, while their most frequently originated rate bucket for loans was <2.5%, with 5,683 originations.
Loan Sizing
2021 saw Winnpointe Corporation place emphasis on $200k-400k loans with 3,825 originations, totaling $1,241,775,000 in origination value.
Applicant Income
Winnpointe Corporation lent most frequently to those with incomes in the $150k-250k range, with 2,881 originations. The second most popular income band? $100k-150k, with 2,608 originations.
Applicant Debt to Income Ratio
Winnpointe Corporation lent most frequently to those with DTI ratios of 20-30%, with 2,414 originations. The next most common DTI ratio? 30-36%, with 1,648 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.31%
Winnpointe 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 origination67.69%
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 | 8,087 | $3,450,655,000 | $426,692 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 8,087 | $3,450,655,000 | $426,692 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| WINNPOINTE CORPORATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 5 | 35.7% |
| WINNPOINTE CORPORATION | Conventional home mortgage | Closing on a mortgage | 9 | 64.3% |