Mortgage Vintage Rates, Fees & Info

Newport Beach, CA

LEI: 5493007QQN71GJLL1I68

Tax ID: 27-0435001

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
  • Complaints
  • 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

    Mortgage Vintage is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Mortgage Vintage has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, San Diego, Sacramento, and Stockton among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Mortgage Vintage has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

    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

    57

    Origination Dollar Volume (All Markets)

    $14,775,000

    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) 34 $9,880,000 $290,588 $0 11.92%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 14 $1,990,000 $142,143 $0 12.52%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 5 $1,695,000 $339,000 $0 11.85%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $545,000 $545,000 $0 11.50%
    STOCKTON, CA (FHA|USDA|VA) 1 $275,000 $275,000 $0 11.00%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $225,000 $225,000 $0 8.95%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $165,000 $165,000 $0 8.50%
    Mortgage Vintage's top markets include Los Angeles, Riverside, San Diego, Sacramento, and Stockton among others.

    Their top states include:
  • California (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 57 $14,775,000 $259,211 $0 11.92%

    For 2018, Mortgage Vintage's most frequently originated type of loan was Conventional, with 57 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 45 $11,135,000 $247,444 $0 12.21%
    Home Purchase 12 $3,640,000 $303,333 $0 10.83%

    For 2018, Mortgage Vintage's most frequently cited loan purpose was Cash Out Refi, with 45 originations. The 2nd most popular reason was Home Purchase, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 32 $10,040,000 $313,750 $0 11.69%
    3 Year 13 $2,805,000 $215,769 $0 11.51%
    1 Year 7 $1,505,000 $215,000 $0 11.46%
    5 Year 5 $425,000 $85,000 $0 15.10%

    For 2018, Mortgage Vintage's most frequently cited loan duration was Other, with 32 originations. The 2nd most popular length was 3 Year, with 13 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 57 $14,775,000 $259,211

    During 2018, Mortgage Vintage's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 57 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 20 $5,700,000 $285,000 $0 10.96%
    $100k-200k 18 $2,410,000 $133,889 $0 11.86%
    $100,000 or less 11 $685,000 $62,273 $0 14.70%
    $400k-600k 5 $2,405,000 $481,000 $0 10.95%
    $600k-1MM 2 $1,470,000 $735,000 $0 10.25%
    $1MM+ 1 $2,105,000 $2,105,000 $0 10.00%

    2018 saw Mortgage Vintage place emphasis on $200k-400k loans with 20 originations, totaling $5,700,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 24 $8,340,000 $347,500 $0 11.19%
    Not provided 31 $5,555,000 $179,194 $0 12.61%
    Asian 1 $755,000 $755,000 $0 10.99%
    Black 1 $125,000 $125,000 $0 8.99%

    Approval Rates

    Total approvals of all applications
    90.77%

    Mortgage Vintage has an average approval rate.

    Pick Rate

    Approvals leading to origination
    96.49%

    Mortgage Vintage has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 57 $14,775,000 $259,211

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 57 $14,775,000 $259,211

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $1,625,000 $180,556 $0 11.38%
    40-60% 8 $2,370,000 $296,250 $0 10.50%
    60-80% 18 $6,390,000 $355,000 $0 11.10%
    80-100% 1 $135,000 $135,000 $0 11.99%
    Under 20% 21 $4,255,000 $202,619 $0 13.40%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    MORTGAGE CENTER, LC Conventional home mortgage Closing on a mortgage 1 50.0%
    MORTGAGE CENTER, LC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%