Gcs Mortgage Rates, Fees & Info

Granite City, IL

LEI: 549300A03BP6F4DI7N56

Tax ID: 37-0646488

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Mortgage Data

Review & Overview

Gcs is a smaller mortgage company specializing in Home Purchase and Refi loans. Gcs has a high proportion of conventional loans. Their top two markets are St. Louis and Kansas City .

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

99

Origination Dollar Volume (All Markets)

$9,655,000

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
ST. LOUIS, MO-IL (FHA|USDA|VA) 95 $9,015,000 $94,895 $0 0.00%
Outside of Metro Areas 3 $375,000 $125,000 $0 0.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
Gcs's top markets include St. Louis and Kansas City among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 99 $9,655,000 $97,525 $0 0.00%

    For 2019, Gcs's most frequently originated type of loan was Conventional, with 99 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 39 $5,015,000 $128,590 $0 0.00%
    Refi 36 $3,860,000 $107,222 $0 0.00%
    Cash Out Refi 24 $780,000 $32,500 $0 0.00%

    For 2019, Gcs's most frequently cited loan purpose was Home Purchase, with 39 originations. The 2nd most popular reason was Refi, with 36 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 99 $9,655,000 $97,525 $0 0.00%

    For 2019, Gcs's most frequently cited loan duration was Other, with 99 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 65 $3,255,000 $50,077 $0 0.00%
    $100k-200k 22 $3,100,000 $140,909 $0 0.00%
    $200k-400k 12 $3,300,000 $275,000 $0 0.00%

    2019 saw Gcs place emphasis on $100,000 or less loans with 65 originations, totaling $3,255,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 27 $1,835,000 $67,963 $0 0.00%
    $50k or less 23 $1,435,000 $62,391 $0 0.00%
    $100k-150k 20 $3,040,000 $152,000 $0 0.00%
    $75k-100k 17 $1,545,000 $90,882 $0 0.00%
    $150k-250k 10 $1,560,000 $156,000 $0 0.00%
    $250k+ 2 $240,000 $120,000 $0 0.00%

    Gcs lent most frequently to those with incomes in the $50k-75k range, with 27 originations. The second most popular income band? $50k or less, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 99 $9,655,000 $97,525 $0 0.00%

    Gcs lent most frequently to those with DTI ratios of Exempt%, with 99 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 90 $8,860,000 $98,444 $0 0.00%
    Black 5 $715,000 $143,000 $0 0.00%
    Not provided 3 $55,000 $18,333 $0 0.00%
    American Indian 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.87%

    Gcs has an average approval rate.

    Pick Rate

    Approvals leading to origination
    -30.30%

    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 99 $9,655,000 $97,525

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 99 $9,655,000 $97,525