E-central Mortgage Rates, Fees & Info
Pasadena, CALEI: 549300D4VIBCJZMGB086
Tax ID: 95-1442156
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Mortgage Data
Review & Overview
E-central is a smaller mortgage company specializing in Cash Out Refi loans. E-central has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, Albuquerque, and El Centro among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)E-central 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. E-central is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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Originations
54Origination Dollar Volume (All Markets)
$11,660,000Top 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) | 46 | $10,120,000 | $220,000 | $2,937 | 8.78% |
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 6 | $1,380,000 | $230,000 | $5,241 | 7.31% |
ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,135 | 5.00% |
EL CENTRO, CA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $818 | 6.63% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against E-CENTRAL based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
HELOC | 28 | $3,010,000 | $107,500 | n/a | 11.08% |
Conventional | 26 | $8,650,000 | $332,692 | $3,045 | 5.74% |
For 2019, E-central's most frequently originated type of loan was HELOC, with 28 originations. Their 2nd most popular type was Conventional, with 26 originations.
Loan Reason
For 2019, E-central's most frequently cited loan purpose was Cash Out Refi, with 42 originations. The 2nd most popular reason was Refi, with 8 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
15 Year | 40 | $4,110,000 | $102,750 | $911 | 9.79% |
30 Year | 14 | $7,550,000 | $539,286 | $4,722 | 4.84% |
For 2019, E-central's most frequently cited loan duration was 15 Year, with 40 originations. The 2nd most popular length was 30 Year, with 14 originations.
Origination Fees/Closing Costs
E-central's average total fees were $4,722, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 13 originations.
Interest Rates
During 2019, E-central's average interest rate for loans was 4.84%, while their most frequently originated rate bucket for loans was 6-7%, with 21 originations.
Loan Sizing
2019 saw E-central place emphasis on $100,000 or less loans with 20 originations, totaling $1,080,000 in origination value.
Applicant Income
E-central lent most frequently to those with incomes in the $100k-150k range, with 18 originations. The second most popular income band? $75k-100k, with 13 originations.
Applicant Debt to Income Ratio
E-central lent most frequently to those with DTI ratios of 50-60%, with 12 originations. The next most common DTI ratio? 30-36%, with 10 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.06%
E-central has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination61.11%
E-central 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 | 54 | $11,660,000 | $215,926 |