Pcma Mortgage Rates, Fees & Info
Los Angeles, CALEI: 549300IIYO1S63GOQ040
Tax ID: 51-0654034
2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage 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
60Origination Dollar Volume (All Markets)
$88,560,000Top 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 applications84.68%
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% |
