Online Central Inc Mortgage Rates, Fees & Info

MARYLAND HEIGHTS, MO

LEI: 549300DUME7DFYI27012

Tax ID: 43-1836204

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Mortgage Data

Review & Overview

Online Central Inc is a smaller mortgage company specializing in Home Purchase loans. Online Central Inc has a high proportion of conventional loans. Their top markets by origination volume include: Columbia, St. Louis, Kansas City, Springfield, and Wichita among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

Online Central Inc 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. Online Central Inc is typically a low 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

49

Origination Dollar Volume (All Markets)

$7,925,000

Awards

ONLINE CENTRAL INC 30 Year Conventional Loans bronze
Show all (1) awards

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
COLUMBIA, MO (FHA|USDA|VA) 12 $2,130,000 $177,500 $2,482 4.58%
ST. LOUIS, MO-IL (FHA|USDA|VA) 8 $1,560,000 $195,000 $2,654 4.58%
Outside of Metro Areas 10 $1,410,000 $141,000 $2,523 4.70%
KANSAS CITY, MO-KS (FHA|USDA|VA) 8 $1,330,000 $166,250 $3,262 4.53%
SPRINGFIELD, MO (FHA|USDA|VA) 8 $1,190,000 $148,750 $3,119 4.73%
WICHITA, KS (FHA|USDA|VA) 1 $165,000 $165,000 $2,609 4.50%
JEFFERSON CITY, MO (FHA|USDA|VA) 1 $75,000 $75,000 $2,381 5.25%
Camden, AR (FHA|USDA|VA) 1 $65,000 $65,000 $2,798 4.13%
Online Central Inc's top markets include Columbia, St. Louis, Kansas City, Springfield, and Wichita among others.

Their top states include:
  • Missouri (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against ONLINE CENTRAL INC based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Hawthorn Bank
    Similarity Rank: 210
    Capitol Federal Savings Bank
    Similarity Rank: 213
    ONLINE CENTRAL INC
    Similarity Rank: 216
    MISSOURI Credit Union
    Similarity Rank: 228
    Exchange Bank of Missouri
    Similarity Rank: 240
    Central Bank of Boone County
    Similarity Rank: 348
    Landmark Bank
    Similarity Rank: 400
    First State Community Bank
    Similarity Rank: 462
    The Bank of Missouri
    Similarity Rank: 506

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 47 $7,445,000 $158,404 $2,633 4.63%
    VA 2 $480,000 $240,000 $5,666 4.56%

    For 2018, Online Central Inc's most frequently originated type of loan was Conventional, with 47 originations. Their 2nd most popular type was VA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 41 $6,975,000 $170,122 $2,815 4.60%
    Cash Out Refi 6 $660,000 $110,000 $2,437 4.69%
    Refi 2 $290,000 $145,000 $2,412 4.94%

    For 2018, Online Central Inc's most frequently cited loan purpose was Home Purchase, with 41 originations. The 2nd most popular reason was Cash Out Refi, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 39 $6,315,000 $161,923 $2,847 4.72%
    15 Year 5 $725,000 $145,000 $2,304 4.18%
    20 Year 4 $820,000 $205,000 $2,479 4.41%
    10 Year 1 $65,000 $65,000 $2,798 4.13%

    For 2018, Online Central Inc's most frequently cited loan duration was 30 Year, with 39 originations. The 2nd most popular length was 15 Year, with 5 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 48 $7,870,000 $163,958

    Online Central Inc's average total fees were $2,847, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 48 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 38 $6,300,000 $165,789
    5-6% 7 $725,000 $103,571
    3-4% 4 $900,000 $225,000

    During 2018, Online Central Inc's average interest rate for loans was 4.72%, while their most frequently originated rate bucket for loans was 4-5%, with 38 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 24 $3,530,000 $147,083 $2,449 4.62%
    $200k-400k 13 $3,435,000 $264,231 $3,697 4.40%
    $100,000 or less 12 $960,000 $80,000 $2,328 4.88%

    2018 saw Online Central Inc place emphasis on $100k-200k loans with 24 originations, totaling $3,530,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 16 $2,240,000 $140,000 $2,435 4.56%
    $50k or less 11 $1,125,000 $102,273 $2,372 4.93%
    $100k-150k 10 $2,260,000 $226,000 $3,327 4.48%
    $75k-100k 9 $1,475,000 $163,889 $3,219 4.57%
    $150k-250k 2 $540,000 $270,000 $3,010 4.69%
    $250k+ 1 $285,000 $285,000 $2,447 4.13%

    Online Central Inc lent most frequently to those with incomes in the $50k-75k range, with 16 originations. The second most popular income band? $50k or less, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 14 $1,940,000 $138,571 $2,912 4.47%
    30-36% 12 $2,000,000 $166,667 $2,927 4.73%
    <20% 6 $1,130,000 $188,333 $2,639 4.52%
    36% 3 $605,000 $201,667 $2,522 4.63%
    48% 2 $370,000 $185,000 $2,539 4.56%
    37% 2 $280,000 $140,000 $2,591 4.94%
    39% 2 $270,000 $135,000 $2,466 4.50%
    42% 2 $230,000 $115,000 $2,618 5.00%
    38% 1 $185,000 $185,000 $2,085 5.25%
    43% 1 $165,000 $165,000 $2,408 4.13%
    45% 1 $305,000 $305,000 $3,179 4.63%
    46% 1 $235,000 $235,000 $3,241 4.63%
    47% 1 $95,000 $95,000 $2,229 4.75%
    40% 1 $115,000 $115,000 $2,507 4.88%

    Online Central Inc lent most frequently to those with DTI ratios of 20-30%, with 14 originations. The next most common DTI ratio? 30-36%, with 12 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 45 $7,175,000 $159,444 $2,788 4.61%
    Not provided 2 $510,000 $255,000 $2,445 4.38%
    Black 2 $240,000 $120,000 $2,085 5.31%

    Approval Rates

    Total approvals of all applications
    96.61%

    Online Central 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
    87.76%

    Online Central Inc has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 49 $7,925,000 $161,735

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 49 $7,925,000 $161,735

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $190,000 $95,000 $2,416 4.31%
    40-60% 2 $140,000 $70,000 $2,602 4.75%
    60-80% 11 $1,445,000 $131,364 $2,400 4.78%
    80-100% 34 $6,150,000 $180,882 $2,894 4.58%