Trimark Funding Inc Mortgage Rates, Fees & Info

Anaheim, CA

LEI: 549300DGOVTO3RMRNM72

Tax ID: 33-0906856

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Mortgage Data

Review & Overview

Trimark Funding Inc is a smaller mortgage company specializing in Home Purchase loans. Trimark Funding Inc has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Francisco, Riverside, and San Diego among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

Trimark Funding Inc has an above average approval rate when compared to the average across all lenders.

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Originations

67

Origination Dollar Volume (All Markets)

$27,355,000

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) 46 $18,360,000 $399,130 $0 8.96%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 6 $3,800,000 $633,333 $0 8.25%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 10 $2,820,000 $282,000 $0 8.93%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 5 $2,375,000 $475,000 $0 9.20%
Trimark Funding Inc's top markets include Los Angeles, San Francisco, Riverside, and San Diego among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 67 $27,355,000 $408,284 $0 8.91%

    For 2019, Trimark Funding Inc's most frequently originated type of loan was Conventional, with 67 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 64 $26,870,000 $419,844 $0 8.89%
    Cash Out Refi 2 $330,000 $165,000 $0 9.00%
    Home Improvement 1 $155,000 $155,000 $0 10.00%

    For 2019, Trimark Funding Inc's most frequently cited loan purpose was Home Purchase, with 64 originations. The 2nd most popular reason was Cash Out Refi, with 2 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    1 Year 67 $27,355,000 $408,284 $0 8.91%

    For 2019, Trimark Funding Inc's most frequently cited loan duration was 1 Year, with 67 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 53 $19,785,000 $373,302
    7-8% 14 $7,570,000 $540,714

    During 2019, Trimark Funding Inc's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 53 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 28 $8,890,000 $317,500 $0 9.04%
    $400k-600k 17 $8,135,000 $478,529 $0 8.88%
    $600k-1MM 12 $9,090,000 $757,500 $0 8.45%
    $100k-200k 8 $1,170,000 $146,250 $0 8.91%
    $100,000 or less 2 $70,000 $35,000 $0 10.00%

    2019 saw Trimark Funding Inc place emphasis on $200k-400k loans with 28 originations, totaling $8,890,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 7 $2,735,000 $390,714 $0 8.53%
    $100k-150k 3 $745,000 $248,333 $0 9.33%
    $50k-75k 1 $315,000 $315,000 $0 8.50%

    Trimark Funding Inc lent most frequently to those with incomes in the $75k-100k range, with 7 originations. The second most popular income band? $100k-150k, with 3 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 54 $22,710,000 $420,556 $0 8.96%
    White 7 $2,295,000 $327,857 $0 8.61%
    Asian Indian 2 $980,000 $490,000 $0 8.50%
    Chinese 3 $905,000 $301,667 $0 9.00%
    Black 1 $465,000 $465,000 $0 9.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    Trimark Funding Inc 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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 67 $27,355,000 $408,284

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 67 $27,355,000 $408,284

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $735,000 $147,000 $0 8.65%
    40-60% 22 $10,780,000 $490,000 $0 8.44%
    60-80% 36 $15,510,000 $430,833 $0 9.14%
    Under 20% 4 $330,000 $82,500 $0 9.75%