Online Central Inc Mortgage Rates, Fees & Info
MARYLAND HEIGHTS, MOLEI: 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.
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
49Origination Dollar Volume (All Markets)
$7,925,000Awards
ONLINE CENTRAL INC - 2018
ONLINE CENTRAL INC is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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% |
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.
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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
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
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
2018 saw Online Central Inc place emphasis on $100k-200k loans with 24 originations, totaling $3,530,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications96.61%
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 origination87.76%
Online Central Inc has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 49 | $7,925,000 | $161,735 |