Pcma Mortgage Rates, Fees & Info

Los Angeles, CA

LEI: 549300IIYO1S63GOQ040

Tax ID: 51-0654034

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
  • 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

    Pcma is a smaller mortgage company specializing in Cash Out Refi loans. Pcma has a high proportion of conventional loans. Their top (well, only) market is Tampa.

    Pcma 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.

    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

    25

    Origination Dollar Volume (All Markets)

    $38,045,000

    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
    Outside of Metro Areas 24 $37,310,000 $1,554,583 $55,359 5.19%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $735,000 $735,000 $0 4.50%
    Pcma's top markets include and Tampa among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 25 $38,045,000 $1,521,800 $55,359 5.15%

    For 2022, Pcma's most frequently originated type of loan was Conventional, with 25 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 17 $29,625,000 $1,742,647 $54,746 4.45%
    Home Purchase 6 $6,310,000 $1,051,667 $85,384 6.08%
    Refi 2 $2,110,000 $1,055,000 $44,944 6.63%

    For 2022, Pcma's most frequently cited loan purpose was Cash Out Refi, with 17 originations. The 2nd most popular reason was Home Purchase, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 25 $38,045,000 $1,521,800 $55,359 5.15%

    For 2022, Pcma's most frequently cited loan duration was Other, with 25 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 18 $30,910,000 $1,717,222

    Pcma's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 18 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 7 $12,675,000 $1,810,714
    6-7% 6 $9,210,000 $1,535,000
    4-5% 3 $3,655,000 $1,218,333
    7-8% 1 $975,000 $975,000

    During 2022, Pcma's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 7 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 18 $32,610,000 $1,811,667 $58,554 4.94%
    $600k-1MM 6 $4,930,000 $821,667 $39,385 5.30%
    $400k-600k 1 $505,000 $505,000 $0 6.75%

    2022 saw Pcma place emphasis on $1MM+ loans with 18 originations, totaling $32,610,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 14 $27,400,000 $1,957,143 $60,213 5.14%
    $50k or less 7 $6,515,000 $930,714 $48,507 5.06%
    $150k-250k 4 $4,130,000 $1,032,500 $38,894 5.50%

    Pcma lent most frequently to those with incomes in the $250k+ range, with 14 originations. The second most popular income band? $50k or less, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 6 $9,100,000 $1,516,667 $37,747 4.39%
    49% 2 $3,720,000 $1,860,000 $66,980 6.75%
    20-30% 1 $735,000 $735,000 $0 4.50%
    41% 1 $1,275,000 $1,275,000 $45,930 3.50%
    46% 1 $2,375,000 $2,375,000 $112,252 6.50%
    >60% 1 $4,865,000 $4,865,000 $114,128 3.88%

    Pcma lent most frequently to those with DTI ratios of <20%, with 6 originations. The next most common DTI ratio? 49%, with 2 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 17 $27,105,000 $1,594,412 $54,675 5.04%
    Asian 5 $7,725,000 $1,545,000 $65,184 5.22%
    Not provided 2 $2,210,000 $1,105,000 $49,526 5.63%
    Black 1 $1,005,000 $1,005,000 $30,100 0.00%

    Approval Rates

    Total approvals of all applications
    95.64%

    Pcma 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
    -1,184.00%

    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 25 $38,045,000 $1,521,800

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    25 $38,045,000 $1,521,800

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $6,705,000 $1,341,000 $43,724 6.75%
    40-60% 6 $10,270,000 $1,711,667 $72,405 5.53%
    60-80% 13 $18,585,000 $1,429,615 $49,618 4.64%
    80-100% 1 $2,485,000 $2,485,000 $85,384 6.88%