Ocmbc Mortgage Rates, Fees & Info

SEAL BEACH, CA

LEI: 549300J7I82PNDVU8H22

Tax ID: 33-0962918

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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

    Ocmbc is a small mortgage company specializing in Home Purchase, Cash Out Refi, and 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. Their top markets by origination volume include: Los Angeles, Riverside, Chicago, San Diego, and San Francisco among others. We have data for 137 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.19% 4/22/24
    30 Year Conventional Refi 6.89% 4/22/24
    30 Year Cash-out Refi 7.26% 4/22/24
    30 Year FHA Purchase 7.53% 4/22/24
    30 Year FHA Refi 7.14% 4/22/24
    30 Year VA Purchase 6.36% 4/22/24
    30 Year VA Refi 6.27% 4/22/24
    30 Year USDA Purchase 6.61% 4/22/24
    15 Year Conventional Purchase 5.84% 4/22/24
    15 Year Conventional Refi 6.47% 4/22/24
    15 Year Cash-out Refi 6.47% 4/22/24
    15 Year FHA Refi 5.68% 4/22/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Ocmbc. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    3,465

    Origination Dollar Volume (All Markets)

    $1,290,585,000
    Show all (7) awards

    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) 873 $460,535,000 $527,532 $11,334 4.87%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 730 $237,500,000 $325,342 $8,999 4.54%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 386 $82,180,000 $212,902 $7,378 4.57%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 145 $72,825,000 $502,241 $10,963 4.88%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 90 $62,500,000 $694,444 $14,915 5.50%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 89 $29,835,000 $335,225 $11,777 5.33%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 77 $24,955,000 $324,091 $10,984 4.83%
    SALINAS, CA (FHA|USDA|VA) 47 $21,995,000 $467,979 $8,616 4.46%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 64 $21,520,000 $336,250 $9,146 4.88%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 30 $20,470,000 $682,333 $14,346 4.84%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 21 $18,415,000 $876,905 $20,983 5.16%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 61 $14,525,000 $238,115 $8,530 5.07%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 49 $13,875,000 $283,163 $8,434 5.57%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 55 $13,535,000 $246,091 $9,591 4.48%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 37 $12,845,000 $347,162 $8,649 5.63%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 62 $12,350,000 $199,194 $6,642 4.56%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 43 $10,595,000 $246,395 $8,802 5.69%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 32 $9,180,000 $286,875 $8,519 5.88%
    STOCKTON, CA (FHA|USDA|VA) 26 $7,760,000 $298,462 $10,901 4.38%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 30 $7,470,000 $249,000 $6,369 4.55%
    BAKERSFIELD, CA (FHA|USDA|VA) 34 $7,420,000 $218,235 $6,966 4.96%
    VALLEJO, CA (FHA|USDA|VA) 16 $6,950,000 $434,375 $13,618 4.55%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 9 $6,625,000 $736,111 $14,260 5.68%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 27 $5,415,000 $200,556 $8,478 5.19%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 25 $4,865,000 $194,600 $6,079 4.72%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 23 $4,575,000 $198,913 $6,683 4.92%
    FRESNO, CA (FHA|USDA|VA) 20 $4,520,000 $226,000 $7,012 5.04%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 16 $4,190,000 $261,875 $7,023 5.02%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 16 $4,120,000 $257,500 $5,746 4.45%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 7 $3,745,000 $535,000 $6,516 5.04%
    MODESTO, CA (FHA|USDA|VA) 12 $3,530,000 $294,167 $8,640 5.67%
    Outside of Metro Areas 13 $3,455,000 $265,769 $6,107 4.87%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 6 $3,160,000 $526,667 $9,941 5.46%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 7 $3,115,000 $445,000 $8,920 5.27%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 7 $2,865,000 $409,286 $13,593 5.55%
    SALT LAKE CITY, UT (FHA|USDA|VA) 9 $2,805,000 $311,667 $8,757 4.65%
    PUNTA GORDA, FL (FHA|USDA|VA) 15 $2,705,000 $180,333 $6,886 4.60%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 6 $2,700,000 $450,000 $7,953 5.39%
    Key West, FL (FHA|USDA|VA) 1 $2,675,000 $2,675,000 $23,650 5.99%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 8 $2,670,000 $333,750 $5,195 5.06%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 16 $2,610,000 $163,125 $6,315 5.02%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 7 $2,335,000 $333,571 $7,438 4.71%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 14 $2,110,000 $150,714 $4,854 4.18%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $2,090,000 $522,500 $7,787 5.84%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 7 $1,885,000 $269,286 $7,229 5.73%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 11 $1,845,000 $167,727 $6,439 4.27%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 4 $1,610,000 $402,500 $10,585 7.15%
    MERCED, CA (FHA|USDA|VA) 5 $1,525,000 $305,000 $6,364 5.30%
    JACKSONVILLE, FL (FHA|USDA|VA) 6 $1,340,000 $223,333 $7,003 6.44%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $1,240,000 $620,000 $0 5.69%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 6 $1,210,000 $201,667 $9,544 6.42%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 6 $1,190,000 $198,333 $4,222 4.60%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 4 $1,090,000 $272,500 $4,707 4.97%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 3 $1,045,000 $348,333 $5,461 6.79%
    SALISBURY, MD-DE (FHA|USDA|VA) 5 $1,025,000 $205,000 $8,959 3.98%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 5 $1,005,000 $201,000 $7,907 5.10%
    Hobbs, NM (FHA|USDA|VA) 5 $905,000 $181,000 $5,248 5.25%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 4 $890,000 $222,500 $10,100 5.90%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 3 $875,000 $291,667 $0 5.25%
    BATON ROUGE, LA (FHA|USDA|VA) 4 $850,000 $212,500 $8,310 6.63%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 4 $770,000 $192,500 $7,168 4.50%
    MADERA, CA (FHA|USDA|VA) 2 $760,000 $380,000 $6,532 4.31%
    Clearlake, CA (FHA|USDA|VA) 6 $760,000 $126,667 $7,850 5.54%
    OCALA, FL (FHA|USDA|VA) 5 $715,000 $143,000 $4,225 3.95%
    MONROE, LA (FHA|USDA|VA) 2 $700,000 $350,000 $9,659 5.31%
    REDDING, CA (FHA|USDA|VA) 3 $665,000 $221,667 $6,025 4.54%
    Ukiah, CA (FHA|USDA|VA) 2 $660,000 $330,000 $5,058 5.94%
    MEDFORD, OR (FHA|USDA|VA) 2 $660,000 $330,000 $5,503 6.62%
    Kill Devil Hills, NC (FHA|USDA|VA) 2 $610,000 $305,000 $9,178 6.19%
    YUBA CITY, CA (FHA|USDA|VA) 2 $570,000 $285,000 $15,134 4.63%
    Oak Harbor, WA (FHA|USDA|VA) 1 $565,000 $565,000 $1,335 4.38%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $545,000 $545,000 $14,647 6.88%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 3 $515,000 $171,667 $6,410 5.33%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $500,000 $250,000 $6,018 3.81%
    BELLINGHAM, WA (FHA|USDA|VA) 2 $500,000 $250,000 $5,777 4.63%
    PROVO-OREM, UT (FHA|USDA|VA) 2 $500,000 $250,000 $9,159 4.56%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 2 $470,000 $235,000 $7,117 3.75%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 2 $460,000 $230,000 $9,317 6.94%
    TUCSON, AZ (FHA|USDA|VA) 3 $455,000 $151,667 $7,982 5.33%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $450,000 $225,000 $6,952 5.00%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $435,000 $435,000 $11,492 3.25%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 3 $435,000 $145,000 $5,320 4.17%
    VISALIA, CA (FHA|USDA|VA) 2 $430,000 $215,000 $9,893 3.88%
    EL CENTRO, CA (FHA|USDA|VA) 2 $430,000 $215,000 $6,957 3.69%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 2 $420,000 $210,000 $6,305 3.94%
    Red Wing, MN (FHA|USDA|VA) 2 $410,000 $205,000 $2,723 6.06%
    LAS CRUCES, NM (FHA|USDA|VA) 2 $370,000 $185,000 $4,841 4.38%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $365,000 $365,000 $4,049 3.88%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $360,000 $180,000 $5,417 5.19%
    RICHMOND, VA (FHA|USDA|VA) 1 $345,000 $345,000 $11,105 3.13%
    LOUISVILLE, KY (FHA|USDA|VA) 2 $340,000 $170,000 $4,501 3.88%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $335,000 $335,000 $2,554 4.63%
    PANAMA CITY, FL (FHA|USDA|VA) 2 $330,000 $165,000 $4,628 5.50%
    Kalispell, MT (FHA|USDA|VA) 1 $325,000 $325,000 $4,380 5.88%
    SAVANNAH, GA (FHA|USDA|VA) 2 $320,000 $160,000 $8,732 7.13%
    GRANTS PASS, OR (FHA|USDA|VA) 1 $305,000 $305,000 $5,364 4.38%
    EL PASO, TX (FHA|USDA|VA) 2 $300,000 $150,000 $5,516 3.75%
    CHICO, CA (FHA|USDA|VA) 1 $265,000 $265,000 $5,269 7.88%
    ROCKFORD, IL (FHA|USDA|VA) 1 $255,000 $255,000 $6,433 5.00%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $255,000 $255,000 $7,003 3.75%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $255,000 $255,000 $1,756 5.13%
    ROCHESTER, MN (FHA|USDA|VA) 1 $245,000 $245,000 $4,537 3.99%
    WENATCHEE, WA (FHA|USDA|VA) 1 $235,000 $235,000 $6,480 4.75%
    Astoria, OR (FHA|USDA|VA) 1 $235,000 $235,000 $7,527 4.13%
    Georgetown, SC (FHA|USDA|VA) 1 $235,000 $235,000 $7,635 4.25%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $230,000 $115,000 $6,220 6.00%
    WORCESTER, MA-CT (FHA|USDA|VA) 1 $225,000 $225,000 $0 7.00%
    LONGVIEW, WA (FHA|USDA|VA) 1 $225,000 $225,000 $7,924 4.75%
    Rochelle, IL (FHA|USDA|VA) 1 $215,000 $215,000 $5,683 5.63%
    Roseburg, OR (FHA|USDA|VA) 1 $195,000 $195,000 $3,725 4.75%
    Danville, KY (FHA|USDA|VA) 1 $195,000 $195,000 $4,004 4.75%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $185,000 $185,000 $8,904 5.50%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $185,000 $185,000 $6,460 4.25%
    GREELEY, CO (FHA|USDA|VA) 1 $175,000 $175,000 $3,399 4.75%
    JACKSONVILLE, NC (FHA|USDA|VA) 1 $175,000 $175,000 $5,692 4.25%
    COLUMBIA, SC (FHA|USDA|VA) 1 $165,000 $165,000 $7,653 5.63%
    KANKAKEE, IL (FHA|USDA|VA) 1 $165,000 $165,000 $4,739 5.25%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $165,000 $165,000 $7,568 4.00%
    FLINT, MI (FHA|USDA|VA) 1 $165,000 $165,000 $2,154 3.75%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $155,000 $155,000 $5,684 4.50%
    COLUMBUS, GA-AL (FHA|USDA|VA) 1 $155,000 $155,000 $5,784 4.00%
    SAGINAW, MI (FHA|USDA|VA) 1 $145,000 $145,000 $4,748 4.13%
    RENO, NV (FHA|USDA|VA) 1 $135,000 $135,000 $0 7.25%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $135,000 $135,000 $4,307 4.00%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $135,000 $135,000 $6,305 4.75%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $135,000 $135,000 $0 6.75%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $125,000 $125,000 $4,689 4.13%
    MONROE, MI (FHA|USDA|VA) 1 $125,000 $125,000 $4,834 3.75%
    Los Alamos, NM (FHA|USDA|VA) 1 $125,000 $125,000 $0 6.63%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $115,000 $115,000 $4,061 4.38%
    MIDLAND, MI (FHA|USDA|VA) 1 $115,000 $115,000 $5,372 4.25%
    Show Low, AZ (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.50%
    Moses Lake, WA (FHA|USDA|VA) 1 $115,000 $115,000 $0 6.99%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $105,000 $105,000 $6,350 7.50%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $105,000 $105,000 $2,787 5.75%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $85,000 $85,000 $2,762 4.13%
    MUSKEGON, MI (FHA|USDA|VA) 1 $85,000 $85,000 $5,291 5.13%
    Ocmbc's top markets include Los Angeles, Riverside, Chicago, San Diego, and San Francisco among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)

    • 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.

    Northern Bank & Trust Company
    Similarity Rank: 64
    SOUTHBRIDGE CREDIT UNION
    Similarity Rank: 80
    Bristol County Savings Bank
    Similarity Rank: 96
    Middlesex Savings Bank
    Similarity Rank: 145
    MYPOINT Credit Union
    Similarity Rank: 147
    Cambridge Savings Bank
    Similarity Rank: 160
    LEOMINSTER CREDIT UNION
    Similarity Rank: 180
    CREDIT UNION OF NEW JERSEY
    Similarity Rank: 243
    Jordan Federal Credit Union
    Similarity Rank: 245
    Milford Federal Bank
    Similarity Rank: 252

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,901 $827,835,000 $435,473 $9,231 5.43%
    FHA 1,360 $392,470,000 $288,581 $9,989 4.16%
    VA 190 $67,580,000 $355,684 $6,963 3.87%
    USDA 14 $2,700,000 $192,857 $5,068 4.12%

    For 2019, Ocmbc's most frequently originated type of loan was Conventional, with 1,901 originations. Their 2nd most popular type was FHA, with 1,360 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,850 $641,250,000 $346,622 $9,940 4.86%
    Cash Out Refi 935 $380,135,000 $406,561 $9,467 5.17%
    Refi 680 $269,200,000 $395,882 $7,863 4.31%

    For 2019, Ocmbc's most frequently cited loan purpose was Home Purchase, with 1,850 originations. The 2nd most popular reason was Cash Out Refi, with 935 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,316 $1,206,650,000 $363,887 $9,352 4.83%
    30+ year 68 $62,810,000 $923,676 $16,120 6.11%
    15 Year 48 $12,760,000 $265,833 $7,082 4.26%
    20 Year 25 $6,485,000 $259,400 $5,142 4.16%
    Other 8 $1,880,000 $235,000 $6,236 4.01%

    For 2019, Ocmbc's most frequently cited loan duration was 30 Year, with 3,316 originations. The 2nd most popular length was 30+ year, with 68 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 1,214 $615,520,000 $507,018
    $<1k 926 $252,120,000 $272,268
    $1k-2k 653 $242,675,000 $371,631
    $3k-4k 248 $65,380,000 $263,629
    $2k-3k 217 $58,405,000 $269,147
    $4k-5k 202 $53,530,000 $265,000

    Ocmbc's average total fees were $9,352, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,214 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,090 $360,560,000 $330,789
    4-5% 1,089 $353,605,000 $324,706
    5-6% 746 $327,970,000 $439,638
    6-7% 343 $160,225,000 $467,128
    7-8% 145 $68,155,000 $470,034
    Over 8% 34 $14,370,000 $422,647
    2.5-3% 18 $5,700,000 $316,667

    During 2019, Ocmbc's average interest rate for loans was 4.83%, while their most frequently originated rate bucket for loans was 3-4%, with 1,090 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,625 $476,675,000 $293,338 $8,521 4.64%
    $100k-200k 728 $114,480,000 $157,253 $6,286 4.92%
    $400k-600k 675 $319,725,000 $473,667 $11,607 4.70%
    $600k-1MM 249 $183,045,000 $735,120 $15,393 5.54%
    $1MM+ 132 $191,900,000 $1,453,788 $20,047 6.04%
    $100,000 or less 56 $4,760,000 $85,000 $4,397 5.29%

    2019 saw Ocmbc place emphasis on $200k-400k loans with 1,625 originations, totaling $476,675,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 1,019 $322,415,000 $316,403 $6,635 4.98%
    $50k-75k 674 $163,700,000 $242,878 $7,998 4.42%
    $75k-100k 574 $182,430,000 $317,822 $9,425 4.49%
    $100k-150k 563 $218,515,000 $388,126 $10,399 4.62%
    $250k+ 276 $238,330,000 $863,514 $15,295 6.06%
    $150k-250k 274 $137,150,000 $500,547 $11,593 5.25%

    Ocmbc lent most frequently to those with incomes in the $50k or less range, with 1,019 originations. The second most popular income band? $50k-75k, with 674 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 448 $145,800,000 $325,446 $10,485 4.25%
    30-36% 316 $117,510,000 $371,867 $9,114 4.90%
    20-30% 228 $95,690,000 $419,693 $9,376 5.14%
    49% 163 $57,715,000 $354,080 $8,839 4.71%
    44% 153 $53,595,000 $350,294 $9,790 4.60%
    42% 132 $56,360,000 $426,970 $9,908 4.93%
    43% 124 $41,170,000 $332,016 $10,048 4.35%
    48% 122 $44,780,000 $367,049 $9,869 4.78%
    41% 118 $54,480,000 $461,695 $10,401 5.03%
    47% 117 $42,955,000 $367,137 $9,657 4.72%
    <20% 110 $56,430,000 $513,000 $11,569 5.77%
    46% 105 $32,035,000 $305,095 $8,409 4.48%
    45% 102 $35,230,000 $345,392 $8,111 4.55%
    38% 100 $32,800,000 $328,000 $8,489 4.93%
    39% 94 $36,230,000 $385,426 $9,729 4.59%
    40% 93 $30,445,000 $327,366 $8,744 4.72%
    37% 90 $32,480,000 $360,889 $9,633 4.73%
    36% 73 $28,655,000 $392,534 $9,645 4.67%
    >60% 13 $3,645,000 $280,385 $8,469 4.23%

    Ocmbc lent most frequently to those with DTI ratios of 50-60%, with 448 originations. The next most common DTI ratio? 30-36%, with 316 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,388 $877,380,000 $367,412 $9,316 4.78%
    Not provided 450 $206,010,000 $457,800 $10,710 5.11%
    Black 405 $108,315,000 $267,444 $8,516 4.81%
    Asian 191 $86,765,000 $454,267 $10,171 4.95%
    American Indian 25 $10,025,000 $401,000 $10,408 5.19%
    Native Hawaiian or Islander 6 $2,090,000 $348,333 $9,163 4.90%

    Approval Rates

    Total approvals of all applications
    86.70%

    Ocmbc has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.90%

    Ocmbc has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    10195.38 1 $215,000 $215,000
    10204.0 1 $225,000 $225,000
    10207.0 1 $205,000 $205,000
    10274.63 1 $175,000 $175,000
    10750.25 1 $155,000 $155,000
    10796.0 1 $185,000 $185,000
    10929.0 1 $225,000 $225,000
    11249.0 1 $435,000 $435,000
    11309.0 1 $235,000 $235,000
    11365.0 1 $165,000 $165,000
    11418.5 1 $275,000 $275,000
    11425.6 1 $265,000 $265,000
    11462.75 1 $185,000 $185,000
    11473.0 1 $165,000 $165,000
    11494.0 1 $225,000 $225,000
    11739.0 1 $435,000 $435,000
    11839.5 1 $755,000 $755,000
    11981.25 1 $185,000 $185,000
    12222.75 1 $275,000 $275,000
    12321.25 1 $195,000 $195,000
    1234.0 1 $465,000 $465,000
    12519.63 1 $255,000 $255,000
    12725.0 1 $825,000 $825,000
    13489.8 1 $195,000 $195,000
    1374.0 1 $105,000 $105,000
    13860.0 1 $355,000 $355,000
    14147.0 1 $225,000 $225,000
    14502.75 1 $365,000 $365,000
    14566.0 1 $335,000 $335,000
    15394.0 1 $665,000 $665,000
    15409.41 1 $405,000 $405,000
    15524.4 1 $275,000 $275,000
    15575.5 1 $255,000 $255,000
    16584.14 1 $405,000 $405,000
    17419.0 1 $1,005,000 $1,005,000
    17657.0 1 $255,000 $255,000
    17797.82 1 $355,000 $355,000
    17993.0 1 $355,000 $355,000
    18115.25 1 $365,000 $365,000
    18702.7 1 $345,000 $345,000
    18974.0 1 $705,000 $705,000
    19299.0 1 $985,000 $985,000
    19369.0 1 $345,000 $345,000
    20206.75 1 $425,000 $425,000
    20359.0 1 $325,000 $325,000
    21059.0 1 $365,000 $365,000
    21244.0 1 $605,000 $605,000
    22394.0 1 $455,000 $455,000
    22576.78 1 $365,000 $365,000
    22839.35 1 $735,000 $735,000
    24853.0 1 $525,000 $525,000
    24974.0 1 $455,000 $455,000
    26045.25 1 $1,165,000 $1,165,000
    26743.8 1 $625,000 $625,000
    26780.09 1 $465,000 $465,000
    29369.03 1 $1,005,000 $1,005,000
    29857.0 1 $675,000 $675,000
    3056.5 1 $355,000 $355,000
    3274.0 1 $135,000 $135,000
    33799.0 1 $675,000 $675,000
    34024.0 1 $505,000 $505,000
    34134.0 1 $1,025,000 $1,025,000
    34610.88 1 $505,000 $505,000
    38339.0 1 $1,175,000 $1,175,000
    39478.0 1 $1,055,000 $1,055,000
    4119.0 2 $250,000 $125,000
    44782.3 1 $695,000 $695,000
    46224.0 1 $1,305,000 $1,305,000
    49183.38 1 $1,405,000 $1,405,000
    5624.0 1 $155,000 $155,000
    5823.75 1 $105,000 $105,000
    59330.1 1 $1,255,000 $1,255,000
    6129.0 1 $135,000 $135,000
    6262.29 1 $145,000 $145,000
    6299.6 1 $105,000 $105,000
    6361.5 1 $145,000 $145,000
    6466.5 1 $105,000 $105,000
    7469.0 1 $175,000 $175,000
    7494.0 1 $165,000 $165,000
    7526.0 1 $135,000 $135,000
    7560.0 1 $145,000 $145,000
    7775.0 1 $165,000 $165,000
    7821.63 1 $225,000 $225,000
    7874.0 1 $255,000 $255,000
    7961.5 1 $195,000 $195,000
    8275.94 1 $235,000 $235,000
    8294.0 1 $425,000 $425,000
    8314.0 1 $235,000 $235,000
    8526.5 1 $435,000 $435,000
    8741.5 1 $215,000 $215,000
    8869.0 1 $565,000 $565,000
    8962.38 1 $105,000 $105,000
    9217.4 1 $315,000 $315,000
    9260.56 1 $205,000 $205,000
    9323.0 1 $155,000 $155,000
    9376.5 1 $165,000 $165,000
    9470.25 1 $265,000 $265,000
    9509.0 1 $135,000 $135,000
    9744.25 1 $155,000 $155,000
    9749.0 1 $155,000 $155,000
    NA 3,364 $1,250,910,000 $371,852

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 20 $4,100,000 $205,000
    Single Family (1-4 Units):Site-Built 3,445 $1,286,485,000 $373,435

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 87 $25,765,000 $296,149 $5,958 4.91%
    40-60% 291 $119,005,000 $408,952 $8,334 5.08%
    60-80% 1,074 $461,490,000 $429,693 $9,502 5.33%
    80-100% 1,942 $657,300,000 $338,465 $9,591 4.56%
    Over 100% 39 $14,395,000 $369,103 $11,671 4.05%
    Under 20% 9 $4,505,000 $500,556 $11,071 5.19%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Ocwen Financial Corporation Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 44 3.1%
    Ocwen Financial Corporation Conventional home mortgage Closing on a mortgage 58 4.0%
    Ocwen Financial Corporation Conventional home mortgage Improper use of your report 2 0.1%
    Ocwen Financial Corporation Conventional home mortgage Incorrect information on your report 15 1.0%
    Ocwen Financial Corporation Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 6 0.4%
    Ocwen Financial Corporation Conventional home mortgage Struggling to pay mortgage 453 31.5%
    Ocwen Financial Corporation Conventional home mortgage Trouble during payment process 511 35.6%
    Ocwen Financial Corporation FHA mortgage Applying for a mortgage or refinancing an existing mortgage 4 0.3%
    Ocwen Financial Corporation FHA mortgage Closing on a mortgage 6 0.4%
    Ocwen Financial Corporation FHA mortgage Incorrect information on your report 5 0.3%
    Ocwen Financial Corporation FHA mortgage Problem with a credit reporting company's investigation into an existing problem 1 0.1%
    Ocwen Financial Corporation FHA mortgage Struggling to pay mortgage 69 4.8%
    Ocwen Financial Corporation FHA mortgage Trouble during payment process 54 3.8%
    Ocwen Financial Corporation Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 3 0.2%
    Ocwen Financial Corporation Home equity loan or line of credit (HELOC) Closing on a mortgage 4 0.3%
    Ocwen Financial Corporation Home equity loan or line of credit (HELOC) Struggling to pay mortgage 14 1.0%
    Ocwen Financial Corporation Home equity loan or line of credit (HELOC) Trouble during payment process 24 1.7%
    Ocwen Financial Corporation Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 3 0.2%
    Ocwen Financial Corporation Other type of mortgage Closing on a mortgage 8 0.6%
    Ocwen Financial Corporation Other type of mortgage Incorrect information on your report 4 0.3%
    Ocwen Financial Corporation Other type of mortgage Struggling to pay mortgage 59 4.1%
    Ocwen Financial Corporation Other type of mortgage Trouble during payment process 48 3.3%
    Ocwen Financial Corporation Reverse mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.1%
    Ocwen Financial Corporation Reverse mortgage Closing on a mortgage 1 0.1%
    Ocwen Financial Corporation Reverse mortgage Struggling to pay mortgage 7 0.5%
    Ocwen Financial Corporation Reverse mortgage Trouble during payment process 5 0.3%
    Ocwen Financial Corporation VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 0.1%
    Ocwen Financial Corporation VA mortgage Closing on a mortgage 4 0.3%
    Ocwen Financial Corporation VA mortgage Incorrect information on your report 1 0.1%
    Ocwen Financial Corporation VA mortgage Struggling to pay mortgage 7 0.5%
    Ocwen Financial Corporation VA mortgage Trouble during payment process 13 0.9%