Global Mortgage Rates, Fees & Info
Spokane, WALEI: 5493006XP2M53G3AP658
Tax ID: 91-0620799
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Mortgage Data
Review & Overview
Global is a smaller mortgage company specializing in Home Purchase and Refi loans. Global has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Spokane, Sandpoint, Los Angeles, San Jose, and Riverside among others. We have data for 36 markets. (Some data included below & more in-depth data is available with an active subscription.)Global has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Global 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
291Origination Dollar Volume (All Markets)
$60,885,000Awards
GLOBAL - 2019
GLOBAL is a 2019 , due to their low .
For 2019, 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 |
|---|---|---|---|---|---|
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 98 | $24,070,000 | $245,612 | $3,408 | 4.41% |
| Outside of Metro Areas | 59 | $14,635,000 | $248,051 | $4,619 | 4.08% |
| Sandpoint, ID (FHA|USDA|VA) | 17 | $4,835,000 | $284,412 | $5,868 | 4.17% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 25 | $3,235,000 | $129,400 | $0 | 6.81% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 12 | $2,410,000 | $200,833 | $0 | 6.48% |
| Outside of Metro Areas | 10 | $2,350,000 | $235,000 | $3,842 | 4.23% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 13 | $1,545,000 | $118,846 | $0 | 6.88% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 7 | $745,000 | $106,429 | $0 | 6.39% |
| Pullman, WA (FHA|USDA|VA) | 4 | $660,000 | $165,000 | $2,849 | 4.59% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $5,535 | 4.25% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $0 | 6.94% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $6,347 | 5.42% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 4 | $440,000 | $110,000 | $0 | 6.94% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 7.13% |
| TUCSON, AZ (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $0 | 6.24% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $0 | 6.16% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 6.25% |
| SALEM, OR (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $0 | 7.17% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,461 | 4.88% |
| Shelton, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,515 | 4.38% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 5.99% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 6.37% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 6.25% |
| NAPA, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 7.00% |
| MERCED, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 6.50% |
| Newport, OR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 7.00% |
| BEND, OR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 7.25% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 5.99% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 6.50% |
| CHICO, CA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 6.75% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.99% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 6.75% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.25% |
| Moscow, ID (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,160 | 4.38% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 8.25% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against GLOBAL 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 | 250 | $50,340,000 | $201,360 | $3,614 | 5.29% |
| VA | 23 | $6,315,000 | $274,565 | $5,377 | 3.82% |
| FHA | 18 | $4,230,000 | $235,000 | $5,932 | 3.92% |
For 2019, Global's most frequently originated type of loan was Conventional, with 250 originations. Their 2nd most popular type was VA, with 23 originations.
Loan Reason
For 2019, Global's most frequently cited loan purpose was Home Purchase, with 173 originations. The 2nd most popular reason was Refi, with 79 originations.
Loan Duration/Length
For 2019, Global's most frequently cited loan duration was 30 Year, with 163 originations. The 2nd most popular length was 20 Year, with 60 originations.
Origination Fees/Closing Costs
Global's average total fees were $3,895, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 87 originations.
Interest Rates
During 2019, Global's average interest rate for loans was 4.15%, while their most frequently originated rate bucket for loans was 4-5%, with 89 originations.
Loan Sizing
2019 saw Global place emphasis on $100k-200k loans with 125 originations, totaling $18,825,000 in origination value.
Applicant Income
Global lent most frequently to those with incomes in the $50k-75k range, with 85 originations. The second most popular income band? $100k-150k, with 67 originations.
Applicant Debt to Income Ratio
Global lent most frequently to those with DTI ratios of 30-36%, with 61 originations. The next most common DTI ratio? 20-30%, with 56 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.89%
Global has an average approval rate.
Pick Rate
Approvals leading to origination26.80%
Global 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 |
|---|---|---|---|
| 1888.0 | 1 | $45,000 | $45,000 |
| 1947.81 | 1 | $55,000 | $55,000 |
| 1966.0 | 1 | $45,000 | $45,000 |
| 2074.0 | 1 | $65,000 | $65,000 |
| 2113.42 | 1 | $65,000 | $65,000 |
| 2129.0 | 1 | $65,000 | $65,000 |
| 2175.0 | 1 | $45,000 | $45,000 |
| 2224.0 | 1 | $75,000 | $75,000 |
| 2239.0 | 1 | $75,000 | $75,000 |
| 2255.0 | 1 | $75,000 | $75,000 |
| 2289.64 | 1 | $75,000 | $75,000 |
| 2300.0 | 1 | $75,000 | $75,000 |
| 2458.71 | 1 | $85,000 | $85,000 |
| 2463.01 | 1 | $85,000 | $85,000 |
| 2465.0 | 1 | $55,000 | $55,000 |
| 2499.0 | 1 | $65,000 | $65,000 |
| 2551.04 | 1 | $85,000 | $85,000 |
| 2559.48 | 1 | $85,000 | $85,000 |
| 2813.0 | 1 | $105,000 | $105,000 |
| 2819.85 | 1 | $105,000 | $105,000 |
| 2822.65 | 1 | $105,000 | $105,000 |
| 2869.0 | 1 | $105,000 | $105,000 |
| 2881.96 | 1 | $105,000 | $105,000 |
| 2889.0 | 1 | $105,000 | $105,000 |
| 2904.33 | 1 | $75,000 | $75,000 |
| 3021.39 | 1 | $115,000 | $115,000 |
| 3040.35 | 1 | $115,000 | $115,000 |
| 3041.0 | 1 | $115,000 | $115,000 |
| 3099.0 | 1 | $115,000 | $115,000 |
| 3115.0 | 1 | $115,000 | $115,000 |
| 3150.0 | 1 | $85,000 | $85,000 |
| 3232.0 | 1 | $95,000 | $95,000 |
| 3239.58 | 1 | $125,000 | $125,000 |
| 3308.38 | 1 | $125,000 | $125,000 |
| 3311.0 | 1 | $125,000 | $125,000 |
| 3370.01 | 1 | $125,000 | $125,000 |
| 3440.0 | 1 | $135,000 | $135,000 |
| 3445.0 | 1 | $115,000 | $115,000 |
| 3510.42 | 1 | $135,000 | $135,000 |
| 3513.57 | 1 | $135,000 | $135,000 |
| 3519.0 | 1 | $135,000 | $135,000 |
| 3554.0 | 1 | $135,000 | $135,000 |
| 3559.2 | 1 | $135,000 | $135,000 |
| 3577.0 | 1 | $135,000 | $135,000 |
| 3611.97 | 1 | $145,000 | $145,000 |
| 3635.71 | 1 | $145,000 | $145,000 |
| 3658.84 | 1 | $145,000 | $145,000 |
| 3673.32 | 1 | $145,000 | $145,000 |
| 3696.5 | 1 | $145,000 | $145,000 |
| 3742.49 | 1 | $145,000 | $145,000 |
| 3790.48 | 1 | $145,000 | $145,000 |
| 3803.94 | 1 | $155,000 | $155,000 |
| 3835.27 | 1 | $155,000 | $155,000 |
| 3915.0 | 1 | $135,000 | $135,000 |
| 3949.0 | 1 | $155,000 | $155,000 |
| 3962.11 | 1 | $155,000 | $155,000 |
| 3991.0 | 1 | $155,000 | $155,000 |
| 4047.74 | 1 | $165,000 | $165,000 |
| 4097.0 | 1 | $165,000 | $165,000 |
| 4103.08 | 1 | $165,000 | $165,000 |
| 4148.34 | 1 | $165,000 | $165,000 |
| 4330.89 | 1 | $185,000 | $185,000 |
| 4359.0 | 1 | $155,000 | $155,000 |
| 4385.55 | 1 | $105,000 | $105,000 |
| 4397.95 | 1 | $175,000 | $175,000 |
| 4399.0 | 1 | $185,000 | $185,000 |
| 4415.0 | 1 | $185,000 | $185,000 |
| 4492.75 | 1 | $185,000 | $185,000 |
| 4504.0 | 1 | $185,000 | $185,000 |
| 4644.13 | 1 | $195,000 | $195,000 |
| 4650.0 | 1 | $165,000 | $165,000 |
| 4739.11 | 1 | $115,000 | $115,000 |
| 4797.32 | 1 | $195,000 | $195,000 |
| 4797.83 | 1 | $195,000 | $195,000 |
| 4884.0 | 1 | $205,000 | $205,000 |
| 4939.0 | 1 | $205,000 | $205,000 |
| 4959.0 | 1 | $205,000 | $205,000 |
| 5049.29 | 1 | $215,000 | $215,000 |
| 5325.0 | 1 | $195,000 | $195,000 |
| 5423.47 | 1 | $235,000 | $235,000 |
| 5448.0 | 1 | $185,000 | $185,000 |
| 5461.63 | 1 | $235,000 | $235,000 |
| 5715.0 | 1 | $195,000 | $195,000 |
| 5727.0 | 1 | $245,000 | $245,000 |
| 6499.0 | 1 | $285,000 | $285,000 |
| 6911.0 | 1 | $305,000 | $305,000 |
| 799.0 | 12 | $1,200,000 | $100,000 |
| NA | 193 | $47,925,000 | $248,316 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Global Equity Finance, Inc. | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 20.0% |
| Global Equity Finance, Inc. | Conventional home mortgage | Closing on a mortgage | 2 | 40.0% |
| Global Equity Finance, Inc. | Conventional home mortgage | Struggling to pay mortgage | 1 | 20.0% |
| Global Equity Finance, Inc. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 20.0% |