Anchor Nationwide Loans Mortgage Rates, Fees & Info

CALABASAS, CA

LEI: 549300KNDTHPORJI2O79

Tax ID: 47-4563523

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Anchor Nationwide Loans is a smaller mortgage company specializing in Home Purchase loans. Anchor Nationwide Loans has a high proportion of conventional loans. Their top markets include Anchor Nationwide Loans has an above 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

666

Origination Dollar Volume (All Markets)

$199,330,000

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Outside of Metro Areas 666 $199,330,000 $299,294 $0 7.62%

Anchor Nationwide Loans 's top markets include

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 666 $199,330,000 $299,294 $0 7.62%

For the 2021 period, Anchor Nationwide Loans 's most frequently originated loan type of loans were Conventional, with 666 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 549 $177,685,000 $323,652 $0 7.65%
Refi 117 $21,645,000 $185,000 $0 7.46%

For the 2021, Anchor Nationwide Loans 's most frequently cited loan purpose of loans were Home Purchase, with 549 originations. The 2nd most popular reason of loans were Refi, with 117 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
1 Year 651 $193,415,000 $297,104 $0 7.61%
Other 15 $5,915,000 $394,333 $0 8.42%

For the 2021, Anchor Nationwide Loans 's most frequently cited loan length of loans were 1 Year, with 651 originations. The 2nd most popular length of loans were Other, with 15 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
6-7% 271 $74,385,000 $274,483
7-8% 239 $71,615,000 $299,644
Over 8% 116 $41,560,000 $358,276

During 2021, Anchor Nationwide Loans 's average interest rate of loans were 0.00%, while their most frequently originated rate bucket of loans were 6-7%, with 271 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 331 $93,865,000 $283,580 $0 7.42%
$100k-200k 161 $24,135,000 $149,907 $0 7.90%
$100,000 or less 83 $5,935,000 $71,506 $0 7.55%
$400k-600k 43 $20,515,000 $477,093 $0 7.93%
$1MM+ 24 $35,840,000 $1,493,333 $0 7.90%
$600k-1MM 24 $19,040,000 $793,333 $0 7.96%

2021 saw Anchor Nationwide Loans place emphasis on $200k-400k loans with 331 originations, totaling $93,865,000 in origination value.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not applicable 666 $199,330,000 $299,294 $0 7.62%

Approval Rates

Total approvals of all applications
99.87%

Anchor Nationwide Loans 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
61.66%

Anchor Nationwide Loans 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 666 $199,330,000 $299,294

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
666 $199,330,000 $299,294

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 2 $150,000 $75,000 $0 7.00%
40-60% 45 $5,715,000 $127,000 $0 7.81%
60-80% 544 $161,800,000 $297,426 $0 7.61%
80-100% 20 $10,500,000 $525,000 $0 7.03%
Over 100% 14 $9,340,000 $667,143 $0 7.86%
Under 20% 1 $55,000 $55,000 $0 11.00%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Anchor Loans, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%