Ocmbc Mortgage Rates, Fees & Info
SEAL BEACH, CALEI: 549300J7I82PNDVU8H22
Tax ID: 33-0962918
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Mortgage Data
Review & Overview
Ocmbc is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Ocmbc has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Los Angeles, Riverside, Chicago, San Diego, and San Francisco among others. We have data for 105 markets. (Some data included below & more in-depth data is available with an active subscription.)Ocmbc has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Ocmbc is typically a high 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.19% | 11/17/24 |
| 30 Year Conventional Refi | 6.89% | 11/17/24 |
| 30 Year Cash-out Refi | 7.26% | 11/17/24 |
| 30 Year FHA Purchase | 7.53% | 11/17/24 |
| 30 Year FHA Refi | 7.14% | 11/17/24 |
| 30 Year VA Purchase | 6.36% | 11/17/24 |
| 30 Year VA Refi | 6.27% | 11/17/24 |
| 30 Year USDA Purchase | 6.61% | 11/17/24 |
| 15 Year Conventional Purchase | 5.84% | 11/17/24 |
| 15 Year Conventional Refi | 6.47% | 11/17/24 |
| 15 Year Cash-out Refi | 6.47% | 11/17/24 |
| 15 Year FHA Refi | 5.68% | 11/17/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Ocmbc Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,666Origination Dollar Volume (All Markets)
$577,340,000Awards
OCMBC - 2018
OCMBC 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 517 | $249,635,000 | $482,853 | $10,739 | 5.16% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 367 | $98,485,000 | $268,351 | $7,684 | 4.93% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 271 | $55,255,000 | $203,893 | $7,557 | 4.97% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 81 | $36,345,000 | $448,704 | $10,405 | 5.26% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 33 | $19,465,000 | $589,848 | $12,428 | 5.48% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 46 | $13,240,000 | $287,826 | $7,133 | 4.83% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 21 | $9,075,000 | $432,143 | $10,474 | 5.33% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 18 | $8,060,000 | $447,778 | $12,945 | 4.82% |
| SALINAS, CA (FHA|USDA|VA) | 21 | $6,525,000 | $310,714 | $7,459 | 5.08% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 7 | $5,645,000 | $806,429 | $13,268 | 5.47% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 19 | $5,305,000 | $279,211 | $10,439 | 5.25% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 17 | $4,505,000 | $265,000 | $6,625 | 4.93% |
| VALLEJO, CA (FHA|USDA|VA) | 11 | $3,475,000 | $315,909 | $8,667 | 5.23% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 14 | $3,470,000 | $247,857 | $8,385 | 5.01% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 15 | $3,275,000 | $218,333 | $6,012 | 5.06% |
| FRESNO, CA (FHA|USDA|VA) | 11 | $3,195,000 | $290,455 | $6,636 | 5.03% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 12 | $2,880,000 | $240,000 | $5,975 | 5.14% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $2,510,000 | $1,255,000 | $0 | 6.80% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 3 | $2,345,000 | $781,667 | $19,193 | 5.59% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 6 | $2,030,000 | $338,333 | $11,200 | 6.31% |
| STOCKTON, CA (FHA|USDA|VA) | 6 | $1,740,000 | $290,000 | $8,345 | 5.64% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 8 | $1,630,000 | $203,750 | $5,864 | 5.22% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 9 | $1,615,000 | $179,444 | $6,122 | 5.67% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 6 | $1,520,000 | $253,333 | $6,056 | 4.13% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 6 | $1,330,000 | $221,667 | $6,989 | 5.70% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 7 | $1,305,000 | $186,429 | $6,309 | 4.71% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $1,280,000 | $640,000 | $18,728 | 5.88% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 5 | $1,265,000 | $253,000 | $6,915 | 5.96% |
| Outside of Metro Areas | 5 | $1,145,000 | $229,000 | $6,565 | 5.49% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $9,242 | 5.19% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 3 | $1,085,000 | $361,667 | $8,648 | 5.20% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $1,035,000 | $1,035,000 | $11,688 | 5.60% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $6,629 | 5.00% |
| Key West, FL (FHA|USDA|VA) | 1 | $915,000 | $915,000 | $20,559 | 5.88% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $7,719 | 6.50% |
| Hobbs, NM (FHA|USDA|VA) | 5 | $815,000 | $163,000 | $5,419 | 5.15% |
| VISALIA, CA (FHA|USDA|VA) | 4 | $790,000 | $197,500 | $6,137 | 5.34% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $7,034 | 5.78% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $7,801 | 5.70% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $8,664 | 4.88% |
| ROCKFORD, IL (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $5,123 | 4.88% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $5,985 | 6.36% |
| CHICO, CA (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $12,129 | 4.81% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $5,346 | 5.63% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $5,817 | 5.83% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $6,775 | 6.00% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $4,321 | 6.25% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $6,507 | 5.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $4,893 | 7.47% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $17,759 | 5.00% |
| MERCED, CA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $8,018 | 5.00% |
| TULSA, OK (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $9,041 | 6.70% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $5,263 | 4.54% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $5,772 | 4.94% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $5,526 | 5.43% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $4,380 | 4.56% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $5,891 | 7.93% |
| NAPA, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $11,157 | 4.50% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,672 | 4.81% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $14,267 | 8.50% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $15,294 | 8.75% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $2,690 | 5.19% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $10,296 | 5.63% |
| MADERA, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $11,737 | 5.88% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,117 | 4.75% |
| Portsmouth, OH (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $11,953 | 3.75% |
| YUBA CITY, CA (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $14,437 | 3.94% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $12,693 | 6.65% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $2,768 | 5.63% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,846 | 9.15% |
| Durango, CO (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,693 | 5.13% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $5,581 | 6.06% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,917 | 8.55% |
| Ruidoso, NM (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,026 | 4.25% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,912 | 3.75% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,476 | 8.88% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,151 | 5.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,620 | 3.25% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,369 | 4.88% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,495 | 4.75% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,797 | 4.50% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,286 | 5.25% |
| RENO, NV (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,736 | 5.25% |
| LOGAN, UT-ID (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,759 | 6.50% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,444 | 5.00% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,184 | 3.38% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,894 | 4.75% |
| Clewiston, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $10,499 | 6.10% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,229 | 5.38% |
| REDDING, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 7.00% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,494 | 4.63% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 6.87% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,660 | 6.00% |
| Rochelle, IL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,526 | 5.63% |
| Grand Rapids, MN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,305 | 9.55% |
| Somerset, KY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,424 | 5.50% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $9,076 | 3.38% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,723 | 5.13% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,762 | 4.88% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,120 | 7.38% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,880 | 4.63% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,752 | 4.50% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,876 | 5.25% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,327 | 5.25% |
| Holland, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $7,362 | 5.13% |
Similar Lenders
We use machine learning to identify the top lenders compared against OCMBC 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
For 2018, Ocmbc's most frequently originated type of loan was Conventional, with 871 originations. Their 2nd most popular type was FHA, with 679 originations.
Loan Reason
For 2018, Ocmbc's most frequently cited loan purpose was Home Purchase, with 1,123 originations. The 2nd most popular reason was Cash Out Refi, with 361 originations.
Loan Duration/Length
For 2018, Ocmbc's most frequently cited loan duration was 30 Year, with 1,608 originations. The 2nd most popular length was 30+ year, with 25 originations.
Origination Fees/Closing Costs
Ocmbc's average total fees were $8,804, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 517 originations.
Interest Rates
During 2018, Ocmbc's average interest rate for loans was 5.11%, while their most frequently originated rate bucket for loans was 4-5%, with 779 originations.
Loan Sizing
2018 saw Ocmbc place emphasis on $200k-400k loans with 741 originations, totaling $215,605,000 in origination value.
Applicant Income
Ocmbc lent most frequently to those with incomes in the $50k-75k range, with 445 originations. The second most popular income band? $75k-100k, with 362 originations.
Applicant Debt to Income Ratio
Ocmbc lent most frequently to those with DTI ratios of 50-60%, with 277 originations. The next most common DTI ratio? 30-36%, with 180 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.70%
Ocmbc has a below average approval rate.
Pick Rate
Approvals leading to origination60.68%
Ocmbc 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 |
|---|---|---|---|
| 28489.0 | 1 | $405,000 | $405,000 |
| 6051.48 | 1 | $525,000 | $525,000 |
| NA | 1,664 | $576,410,000 | $346,400 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 17 | $2,865,000 | $168,529 |
| Single Family (1-4 Units):Site-Built | 1,649 | $574,475,000 | $348,378 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| OCMBC, Inc | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| OCMBC, Inc | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |