Ps Funding Mortgage Rates, Fees & Info
DOVER, DELEI: 5493008KVNSBXMICV874
Tax ID: 47-3963268
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Mortgage Data
Review & Overview
Ps Funding is a smaller mortgage company specializing in Home Purchase and Refi loans. Ps Funding has a high proportion of conventional loans. Their top (well, only) market is Los Angeles.Ps Funding 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.
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Originations
399Origination Dollar Volume (All Markets)
$223,695,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 357 | $173,865,000 | $487,017 | $0 | 8.94% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 42 | $49,830,000 | $1,186,429 | $0 | 9.06% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 399 | $223,695,000 | $560,639 | $0 | 8.96% |
For 2018, Ps Funding's most frequently originated type of loan was Conventional, with 399 originations.
Loan Reason
For 2018, Ps Funding's most frequently cited loan purpose was Home Purchase, with 288 originations. The 2nd most popular reason was Refi, with 85 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 321 | $164,675,000 | $513,006 | $0 | 8.77% |
| 1 Year | 78 | $59,020,000 | $756,667 | $0 | 9.72% |
For 2018, Ps Funding's most frequently cited loan duration was Other, with 321 originations. The 2nd most popular length was 1 Year, with 78 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 239 | $178,865,000 | $748,389 |
| 7-8% | 160 | $44,830,000 | $280,188 |
During 2018, Ps Funding's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 239 originations.
Loan Sizing
2018 saw Ps Funding place emphasis on $200k-400k loans with 153 originations, totaling $43,595,000 in origination value.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.00%
Ps Funding has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination14.54%
Ps Funding 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 | 399 | $223,695,000 | $560,639 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 11 | $26,425,000 | $2,402,273 |
| Single Family (1-4 Units):Site-Built | 388 | $197,270,000 | $508,428 |