E-central Mortgage Rates, Fees & Info

Pasadena, CA

LEI: 549300D4VIBCJZMGB086

Tax ID: 95-1442156

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    E-central is a smaller mortgage company specializing in Cash Out Refi and Refi loans. E-central has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, and San Diego among others. We have data for 3 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.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    29

    Origination Dollar Volume (All Markets)

    $12,335,000

    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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 22 $11,260,000 $511,818 $5,534 3.41%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 6 $940,000 $156,667 $1,767 3.73%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $135,000 $135,000 $5,349 3.63%
    E-central's top markets include Los Angeles, Riverside, and San Diego among others.

    Their top states include:
  • California (FHA|USDA|VA)

    • 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.

    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 363
    Christian Community Credit Union
    Similarity Rank: 716
    WINNPOINTE CORPORATION
    Similarity Rank: 924
    CHOICE LENDING CORP.
    Similarity Rank: 1035
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 1053
    VICTORIA FINANCIAL CORP.
    Similarity Rank: 1184
    FFC Mortgage Corp.
    Similarity Rank: 1428
    TRI-EMERALD FINANCIAL GROUP, INC.
    Similarity Rank: 1530
    Residential Mortgage Solutions, Inc.
    Similarity Rank: 1615
    LA Financial Federal Credit Union
    Similarity Rank: 1677

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 15 $2,335,000 $155,667 n/a 3.25%
    Conventional 14 $10,000,000 $714,286 $4,983 3.74%

    For 2020, E-central's most frequently originated type of loan was HELOC, with 15 originations. Their 2nd most popular type was Conventional, with 14 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 17 $7,605,000 $447,353 $3,347 3.51%
    Refi 8 $2,870,000 $358,750 $4,168 3.48%
    Other 3 $155,000 $51,667 $0 3.25%
    Home Purchase 1 $1,705,000 $1,705,000 $22,144 3.88%

    For 2020, E-central's most frequently cited loan purpose was Cash Out Refi, with 17 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
    20 Year 15 $2,335,000 $155,667 $0 3.25%
    15 Year 6 $840,000 $140,000 $2,884 3.92%
    30 Year 6 $8,860,000 $1,476,667 $7,074 3.37%
    10 Year 1 $165,000 $165,000 $8,100 3.88%
    Other 1 $135,000 $135,000 $1,911 4.75%

    For 2020, E-central's most frequently cited loan duration was 20 Year, with 15 originations. The 2nd most popular length was 15 Year, with 6 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 11 $9,595,000 $872,273
    $1k-2k 3 $405,000 $135,000

    E-central's average total fees were $7,074, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 11 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 23 $9,975,000 $433,696
    2.5-3% 2 $480,000 $240,000
    4-5% 2 $190,000 $95,000
    <2.5% 1 $1,635,000 $1,635,000
    5-6% 1 $55,000 $55,000

    During 2020, E-central's average interest rate for loans was 3.37%, while their most frequently originated rate bucket for loans was 3-4%, with 23 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 9 $1,175,000 $130,556 $4,531 3.56%
    $100,000 or less 8 $380,000 $47,500 $969 3.72%
    $200k-400k 5 $1,345,000 $269,000 $2,721 3.18%
    $1MM+ 4 $7,280,000 $1,820,000 $8,723 3.37%
    $600k-1MM 2 $1,580,000 $790,000 $3,774 3.38%
    $400k-600k 1 $575,000 $575,000 $0 3.25%

    2020 saw E-central place emphasis on $100k-200k loans with 9 originations, totaling $1,175,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 8 $680,000 $85,000 $969 3.72%
    $150k-250k 7 $4,905,000 $700,714 $3,447 3.54%
    $250k+ 6 $5,930,000 $988,333 $9,946 3.23%
    $50k-75k 4 $370,000 $92,500 $6,725 3.50%
    $50k or less 3 $245,000 $81,667 $3,647 3.33%
    $75k-100k 1 $205,000 $205,000 $0 3.25%

    E-central lent most frequently to those with incomes in the $100k-150k range, with 8 originations. The second most popular income band? $150k-250k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 9 $2,665,000 $296,111 $11,613 3.57%
    >60% 4 $2,700,000 $675,000 $5,056 3.41%
    30-36% 4 $480,000 $120,000 $1,654 3.78%
    42% 2 $1,800,000 $900,000 $5,751 3.11%
    20-30% 2 $480,000 $240,000 $3,782 2.88%
    44% 2 $270,000 $135,000 $3,630 4.19%
    49% 2 $600,000 $300,000 $0 3.25%
    45% 1 $975,000 $975,000 $3,106 3.25%
    36% 1 $255,000 $255,000 $0 3.25%
    <20% 1 $1,505,000 $1,505,000 $4,292 3.38%
    39% 1 $605,000 $605,000 $4,442 3.50%

    E-central lent most frequently to those with DTI ratios of 50-60%, with 9 originations. The next most common DTI ratio? >60%, with 4 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 22 $9,760,000 $443,636 $5,100 3.49%
    Black 2 $1,770,000 $885,000 $4,375 2.99%
    Asian 4 $640,000 $160,000 $1,911 3.63%
    Not provided 1 $165,000 $165,000 $8,100 3.88%

    Approval Rates

    Total approvals of all applications
    97.44%

    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 origination
    68.97%

    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 29 $12,335,000 $425,345

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 29 $12,335,000 $425,345

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $1,510,000 $377,500 $4,552 3.56%
    40-60% 6 $4,720,000 $786,667 $8,834 3.31%
    60-80% 2 $3,940,000 $1,970,000 $4,674 3.63%
    Under 20% 17 $2,165,000 $127,353 $2,283 3.51%