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 Cash Out Refi loans. Gcs has a high proportion of conventional loans. Their top two markets are St. Louis and Carbondale .Gcs 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
201Origination Dollar Volume (All Markets)
$15,325,000Top 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) | 195 | $14,935,000 | $76,590 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $345,000 | $69,000 | $0 | 0.00% |
| CARBONDALE-MARION, 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 | 201 | $15,325,000 | $76,244 | $0 | 0.00% |
For 2022, Gcs's most frequently originated type of loan was Conventional, with 201 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 100 | $8,680,000 | $86,800 | $0 | 0.00% |
| Cash Out Refi | 81 | $4,415,000 | $54,506 | $0 | 0.00% |
| Home Purchase | 20 | $2,230,000 | $111,500 | $0 | 0.00% |
For 2022, Gcs's most frequently cited loan purpose was Refi, with 100 originations. The 2nd most popular reason was Cash Out Refi, with 81 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 201 | $15,325,000 | $76,244 | $0 | 0.00% |
For 2022, Gcs's most frequently cited loan duration was Other, with 201 originations.
Loan Sizing
2022 saw Gcs place emphasis on $100,000 or less loans with 152 originations, totaling $7,820,000 in origination value.
Applicant Income
Gcs lent most frequently to those with incomes in the $50k-75k range, with 50 originations. The second most popular income band? $50k or less, with 49 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 201 | $15,325,000 | $76,244 | $0 | 0.00% |
Gcs lent most frequently to those with DTI ratios of Exempt%, with 201 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.52%
Gcs has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination57.21%
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 | 201 | $15,325,000 | $76,244 |