Western Express Lending Mortgage Rates, Fees & Info
LAKE FOREST, CALEI: 549300LTT1PNSPD2JT50
Tax ID: 47-5403472
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Mortgage Data
Review & Overview
Western Express Lending is a small mortgage company specializing in Refi loans. Western Express Lending has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Los Angeles, Riverside, Las Vegas, Philadelphia, and San Diego among others. We have data for 120 markets. (Some data included below & more in-depth data is available with an active subscription.)Western Express Lending 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. Western Express Lending is typically a low 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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Originations
2,962Origination Dollar Volume (All Markets)
$1,077,920,000Awards
WESTERN EXPRESS LENDING - 2020
WESTERN EXPRESS LENDING is a 2020 , due to their low .
For 2020, 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) | 959 | $431,615,000 | $450,068 | $5,147 | 3.06% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 506 | $172,590,000 | $341,087 | $5,233 | 3.02% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 291 | $70,615,000 | $242,663 | $5,999 | 3.27% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 234 | $61,200,000 | $261,538 | $4,501 | 3.20% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 132 | $54,690,000 | $414,318 | $5,895 | 3.19% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 78 | $30,720,000 | $393,846 | $5,495 | 2.83% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 64 | $24,130,000 | $377,031 | $6,654 | 2.74% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 65 | $23,985,000 | $369,000 | $5,206 | 3.04% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 46 | $21,360,000 | $464,348 | $6,482 | 2.82% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 50 | $13,660,000 | $273,200 | $5,140 | 2.90% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 25 | $9,335,000 | $373,400 | $5,608 | 2.99% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 17 | $7,735,000 | $455,000 | $6,315 | 2.95% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 19 | $7,595,000 | $399,737 | $4,898 | 2.74% |
| VALLEJO, CA (FHA|USDA|VA) | 18 | $6,620,000 | $367,778 | $6,292 | 2.83% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 19 | $6,505,000 | $342,368 | $4,754 | 3.10% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 20 | $6,340,000 | $317,000 | $4,172 | 3.21% |
| RENO, NV (FHA|USDA|VA) | 15 | $5,385,000 | $359,000 | $5,605 | 3.28% |
| STOCKTON, CA (FHA|USDA|VA) | 14 | $5,110,000 | $365,000 | $6,521 | 2.69% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 13 | $4,835,000 | $371,923 | $6,231 | 2.88% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 13 | $4,685,000 | $360,385 | $8,133 | 3.04% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 13 | $4,405,000 | $338,846 | $6,838 | 2.71% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 11 | $4,375,000 | $397,727 | $4,501 | 2.99% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 16 | $4,350,000 | $271,875 | $4,717 | 2.72% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 14 | $4,020,000 | $287,143 | $5,727 | 3.12% |
| VISALIA, CA (FHA|USDA|VA) | 15 | $3,805,000 | $253,667 | $5,507 | 2.87% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 14 | $3,780,000 | $270,000 | $4,276 | 2.83% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 14 | $3,340,000 | $238,571 | $4,318 | 3.48% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 11 | $3,325,000 | $302,273 | $5,856 | 2.69% |
| MODESTO, CA (FHA|USDA|VA) | 11 | $3,215,000 | $292,273 | $7,339 | 2.72% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 9 | $2,725,000 | $302,778 | $5,790 | 3.13% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 7 | $2,695,000 | $385,000 | $5,171 | 2.93% |
| Outside of Metro Areas | 10 | $2,680,000 | $268,000 | $5,744 | 2.94% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 6 | $2,660,000 | $443,333 | $6,529 | 2.69% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 9 | $2,585,000 | $287,222 | $5,817 | 2.92% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 8 | $2,550,000 | $318,750 | $6,128 | 2.63% |
| NAPA, CA (FHA|USDA|VA) | 4 | $2,490,000 | $622,500 | $9,055 | 2.69% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 6 | $2,430,000 | $405,000 | $9,883 | 3.10% |
| FRESNO, CA (FHA|USDA|VA) | 11 | $2,335,000 | $212,273 | $5,175 | 3.27% |
| BOISE CITY, ID (FHA|USDA|VA) | 6 | $2,030,000 | $338,333 | $4,990 | 2.85% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 6 | $1,750,000 | $291,667 | $5,365 | 3.03% |
| SALEM, OR (FHA|USDA|VA) | 7 | $1,705,000 | $243,571 | $6,499 | 2.93% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 5 | $1,695,000 | $339,000 | $5,502 | 3.25% |
| SALINAS, CA (FHA|USDA|VA) | 4 | $1,640,000 | $410,000 | $4,408 | 2.84% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 7 | $1,505,000 | $215,000 | $4,335 | 3.34% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $1,490,000 | $372,500 | $5,318 | 3.25% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 2 | $1,430,000 | $715,000 | $15,724 | 2.69% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $1,415,000 | $471,667 | $9,875 | 3.33% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $5,127 | 3.31% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,125,000 | $375,000 | $5,555 | 2.75% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 3 | $1,055,000 | $351,667 | $3,915 | 3.00% |
| TUCSON, AZ (FHA|USDA|VA) | 5 | $1,055,000 | $211,000 | $6,558 | 2.88% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $5,927 | 2.54% |
| KNOXVILLE, TN (FHA|USDA|VA) | 4 | $970,000 | $242,500 | $5,149 | 2.91% |
| BEND, OR (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $5,701 | 2.88% |
| GREELEY, CO (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $4,671 | 2.92% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $4,418 | 2.67% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $6,260 | 3.21% |
| Outside of Metro Areas | 2 | $870,000 | $435,000 | $2,703 | 2.50% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $3,217 | 2.75% |
| MERCED, CA (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $6,468 | 2.56% |
| COLUMBUS, OH (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $5,421 | 2.88% |
| YUBA CITY, CA (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $3,719 | 2.79% |
| REDDING, CA (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $7,823 | 2.83% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $4,030 | 2.50% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $5,347 | 2.96% |
| Elko, NV (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $6,790 | 3.00% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $4,861 | 3.04% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $6,214 | 3.38% |
| FORT COLLINS, CO (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $6,402 | 2.75% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $6,434 | 2.44% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $6,221 | 2.75% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $4,578 | 2.38% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $8,273 | 2.88% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $4,431 | 2.63% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $5,751 | 2.88% |
| Brownwood, TX (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $5,875 | 2.75% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $4,685 | 2.25% |
| BELLINGHAM, WA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,723 | 2.88% |
| MADERA, CA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $5,254 | 2.56% |
| Clearlake, CA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $2,720 | 2.69% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $8,314 | 2.63% |
| MEDFORD, OR (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $4,833 | 2.50% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $6,201 | 2.94% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,816 | 2.73% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $12,385 | 2.63% |
| Greeneville, TN (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $2,922 | 2.75% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,530 | 2.38% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,953 | 3.38% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $9,662 | 4.13% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,944 | 3.00% |
| FLINT, MI (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,600 | 2.88% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $6,958 | 2.88% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,391 | 3.13% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $3,218 | 3.37% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $10,615 | 2.63% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,680 | 3.13% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,776 | 2.88% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,482 | 2.75% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $8,103 | 2.25% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,062 | 3.50% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $8,418 | 2.75% |
| CHICO, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,955 | 2.25% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,812 | 2.63% |
| Fernley, NV (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,977 | 3.25% |
| Granbury, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,380 | 4.00% |
| CARSON CITY, NV (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,650 | 3.00% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,004 | 3.06% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,364 | 3.00% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,390 | 3.13% |
| Pahrump, NV (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,279 | 3.63% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,237 | 2.75% |
| Thomasville, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,170 | 2.50% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,592 | 2.63% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,770 | 3.63% |
| Dyersburg, TN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,927 | 2.95% |
| Moultrie, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 3.25% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,099 | 3.00% |
| New Castle, IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,596 | 2.63% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,681 | 3.25% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,664 | 3.15% |
Their top states include:
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Product Mix
For 2020, Western Express Lending's most frequently originated type of loan was Conventional, with 2,294 originations. Their 2nd most popular type was FHA, with 550 originations.
Loan Reason
For 2020, Western Express Lending's most frequently cited loan purpose was Refi, with 2,001 originations. The 2nd most popular reason was Home Purchase, with 527 originations.
Loan Duration/Length
For 2020, Western Express Lending's most frequently cited loan duration was 30 Year, with 2,621 originations. The 2nd most popular length was 15 Year, with 193 originations.
Origination Fees/Closing Costs
Western Express Lending's average total fees were $5,608, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,124 originations.
Interest Rates
During 2020, Western Express Lending's average interest rate for loans was 3.09%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,302 originations.
Loan Sizing
2020 saw Western Express Lending place emphasis on $200k-400k loans with 1,557 originations, totaling $470,045,000 in origination value.
Applicant Income
Western Express Lending lent most frequently to those with incomes in the $100k-150k range, with 755 originations. The second most popular income band? $150k-250k, with 532 originations.
Applicant Debt to Income Ratio
Western Express Lending lent most frequently to those with DTI ratios of 20-30%, with 490 originations. The next most common DTI ratio? 30-36%, with 418 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.48%
Western Express Lending has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination66.14%
Western Express Lending 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 | 2,962 | $1,077,920,000 | $363,916 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 3 | $605,000 | $201,667 |
| Single Family (1-4 Units):Site-Built | 2,959 | $1,077,315,000 | $364,081 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| WESTERN UNION COMPANY, THE | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |
| WESTERN UNION COMPANY, THE | Other type of mortgage | Trouble during payment process | 1 | 50.0% |