Pcma Mortgage Rates, Fees & Info

Los Angeles, CA

LEI: 549300IIYO1S63GOQ040

Tax ID: 51-0654034

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Pcma is a smaller mortgage company specializing in Cash Out Refi loans. Pcma has a high proportion of conventional loans. Their top markets include Los Angeles, San Francisco, Miami, Santa Maria, and San Jose among others. Pcma has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

60

Origination Dollar Volume (All Markets)

$88,560,000

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 19 $23,795,000 $1,252,368 $42,562 3.91%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 13 $16,975,000 $1,305,769 $44,667 4.09%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 6 $8,780,000 $1,463,333 $51,258 0.00%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 3 $7,595,000 $2,531,667 $48,301 4.08%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 5 $7,575,000 $1,515,000 $47,466 4.37%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $4,280,000 $2,140,000 $49,503 4.63%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $3,505,000 $3,505,000 $82,927 4.13%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $2,835,000 $2,835,000 $0 3.99%
Outside of Metro Areas 2 $2,680,000 $1,340,000 $20,811 3.63%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $2,625,000 $2,625,000 $47,115 2.50%
Kalispell, MT (FHA|USDA|VA) 2 $2,000,000 $1,000,000 $0 0.00%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $1,695,000 $1,695,000 $62,320 3.75%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $1,335,000 $1,335,000 $51,288 4.25%
NAPA, CA (FHA|USDA|VA) 1 $1,145,000 $1,145,000 $32,394 3.13%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 1 $975,000 $975,000 $0 0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $765,000 $765,000 $26,445 2.75%

Pcma 's top markets include Los Angeles, San Francisco, Miami, Santa Maria, and San Jose among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 60 $88,560,000 $1,476,000 $45,752 3.94%

For the 2021 period, Pcma 's most frequently originated loan type of loans were Conventional, with 60 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 48 $71,100,000 $1,481,250 $45,795 3.87%
Refi 9 $13,185,000 $1,465,000 $44,454 4.17%
Home Purchase 3 $4,275,000 $1,425,000 $49,537 4.25%

For the 2021, Pcma 's most frequently cited loan purpose of loans were Cash Out Refi, with 48 originations. The 2nd most popular reason of loans were Refi, with 9 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 60 $88,560,000 $1,476,000 $45,752 3.94%

For the 2021, Pcma 's most frequently cited loan length of loans were Other, with 60 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$5k+ 45 $68,625,000 $1,525,000

$0 of loans were Pcma 's average total fees, while their most frequently occuring range of origination fees were in the $5k+ bucket, with 45 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 19 $32,995,000 $1,736,579
4-5% 14 $21,440,000 $1,531,429
2.5-3% 2 $2,380,000 $1,190,000
<2.5% 1 $2,625,000 $2,625,000
5-6% 1 $1,945,000 $1,945,000

During 2021, Pcma 's average interest rate of loans were 0.00%, while their most frequently originated rate bucket of loans were 3-4%, with 19 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$1MM+ 40 $73,680,000 $1,842,000 $51,397 3.96%
$600k-1MM 13 $11,155,000 $858,077 $36,085 3.89%
$400k-600k 7 $3,725,000 $532,143 $22,345 3.63%

2021 saw Pcma place emphasis on $1MM+ loans with 40 originations, totaling $73,680,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$250k+ 28 $52,350,000 $1,869,643 $51,906 3.78%
$50k or less 17 $21,335,000 $1,255,000 $25,135 4.51%
$150k-250k 12 $12,920,000 $1,076,667 $41,214 3.75%
$100k-150k 3 $1,955,000 $651,667 $29,145 4.00%

Pcma lent most frequently to those with incomes in the $250k+ range, with 28 originations. The second most popular income band? $50k or less, with 17 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
<20% 8 $16,890,000 $2,111,250 $60,354 3.53%
20-30% 5 $6,295,000 $1,259,000 $41,569 4.15%
30-36% 5 $7,975,000 $1,595,000 $34,989 4.00%
>60% 3 $7,105,000 $2,368,333 $59,163 4.13%
49% 3 $4,985,000 $1,661,667 $49,229 3.67%
50-60% 3 $5,245,000 $1,748,333 $52,752 3.94%
41% 2 $2,200,000 $1,100,000 $49,069 4.00%
45% 2 $2,040,000 $1,020,000 $36,487 3.75%
43% 1 $1,245,000 $1,245,000 $32,205 4.13%
36% 1 $1,385,000 $1,385,000 $32,469 4.38%
42% 1 $1,615,000 $1,615,000 $26,826 2.75%
46% 1 $935,000 $935,000 $33,861 3.99%
44% 1 $1,335,000 $1,335,000 $51,288 4.25%

Pcma lent most frequently to those with DTI ratios of <20%, with 8 originations. The next most common DTI ratio? 20-30%, with 5 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 41 $65,835,000 $1,605,732 $46,927 3.85%
Not provided 10 $13,430,000 $1,343,000 $40,973 4.06%
Asian 7 $7,135,000 $1,019,286 $39,770 4.08%
Black 2 $2,160,000 $1,080,000 $51,288 4.38%

Approval Rates

Total approvals of all applications
84.68%

Pcma has a below average approval rate.

Pick Rate

Approvals leading to origination
-2,652.63%

Pcma 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 60 $88,560,000 $1,476,000

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
60 $88,560,000 $1,476,000

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 5 $5,695,000 $1,139,000 $40,025 3.81%
40-60% 15 $20,875,000 $1,391,667 $44,631 3.70%
60-80% 37 $57,795,000 $1,562,027 $47,064 4.04%
80-100% 3 $4,195,000 $1,398,333 $46,592 4.25%