Gcs Mortgage Rates, Fees & Info
Granite City, ILLEI: 549300A03BP6F4DI7N56
Tax ID: 37-0646488
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Mortgage Data
Review & Overview
Gcs is a smaller mortgage company specializing in Refi and Home Purchase loans. Gcs has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Poplar Bluff, and Mount Vernon among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Gcs 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.
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Originations
140Origination Dollar Volume (All Markets)
$10,480,000Top 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 |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 135 | $10,075,000 | $74,630 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $255,000 | $85,000 | $0 | 0.00% |
| Poplar Bluff, MO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Mount Vernon, IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 140 | $10,480,000 | $74,857 | $0 | 0.00% |
For 2018, Gcs's most frequently originated type of loan was Conventional, with 140 originations.
Loan Reason
For 2018, Gcs's most frequently cited loan purpose was Refi, with 59 originations. The 2nd most popular reason was Cash Out Refi, with 45 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 140 | $10,480,000 | $74,857 | $0 | 0.00% |
For 2018, Gcs's most frequently cited loan duration was Other, with 140 originations.
Loan Sizing
2018 saw Gcs place emphasis on $100,000 or less loans with 104 originations, totaling $4,810,000 in origination value.
Applicant Income
Gcs lent most frequently to those with incomes in the $50k or less range, with 37 originations. The second most popular income band? $50k-75k, with 36 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 140 | $10,480,000 | $74,857 | $0 | 0.00% |
Gcs lent most frequently to those with DTI ratios of Exempt%, with 140 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.19%
Gcs has a below average approval rate.
Pick Rate
Approvals leading to origination52.86%
Gcs 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 |
|---|---|---|---|
| Exempt | 140 | $10,480,000 | $74,857 |