Mortgage Vintage Rates, Fees & Info
Newport Beach, CALEI: 5493007QQN71GJLL1I68
Tax ID: 27-0435001
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Mortgage Data
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, Santa Maria, San Diego, and Oxnard among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Mortgage Vintage has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
64Origination Dollar Volume (All Markets)
$22,960,000Top 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) | 40 | $16,300,000 | $407,500 | $0 | 11.66% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 10 | $3,030,000 | $303,000 | $0 | 11.62% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $1,300,000 | $650,000 | $0 | 12.25% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $0 | 12.37% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $450,000 | $112,500 | $0 | 12.31% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 12.99% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 10.50% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 11.25% |
| Outside of Metro Areas | 1 | $215,000 | $215,000 | $0 | 11.25% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 64 | $22,960,000 | $358,750 | $0 | 11.75% |
For 2019, Mortgage Vintage's most frequently originated type of loan was Conventional, with 64 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 54 | $17,320,000 | $320,741 | $0 | 11.83% |
| Home Purchase | 10 | $5,640,000 | $564,000 | $0 | 11.27% |
For 2019, Mortgage Vintage's most frequently cited loan purpose was Cash Out Refi, with 54 originations. The 2nd most popular reason was Home Purchase, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 34 | $11,530,000 | $339,118 | $0 | 11.92% |
| 3 Year | 16 | $5,440,000 | $340,000 | $0 | 11.70% |
| 1 Year | 14 | $5,990,000 | $427,857 | $0 | 11.38% |
For 2019, Mortgage Vintage's most frequently cited loan duration was Other, with 34 originations. The 2nd most popular length was 3 Year, with 16 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 64 | $22,960,000 | $358,750 |
During 2019, Mortgage Vintage's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 64 originations.
Loan Sizing
2019 saw Mortgage Vintage place emphasis on $200k-400k loans with 20 originations, totaling $5,980,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 1 | $1,205,000 | $1,205,000 | $0 | 11.50% |
| $50k-75k | 1 | $265,000 | $265,000 | $0 | 10.99% |
Mortgage Vintage lent most frequently to those with incomes in the $100k-150k range, with 1 originations. The second most popular income band? $50k-75k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| >60% | 2 | $1,470,000 | $735,000 | $0 | 11.25% |
Mortgage Vintage lent most frequently to those with DTI ratios of >60%, with 2 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.18%
Mortgage Vintage has an average approval rate.
Pick Rate
Approvals leading to origination93.75%
Mortgage Vintage has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 64 | $22,960,000 | $358,750 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 64 | $22,960,000 | $358,750 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| 360 Mortgage Inc. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |