Wall Financial Mortgage Rates, Fees & Info
LOS ANGELES, CALEI: 549300LU20D3H1812W20
Tax ID: 27-0429529
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Mortgage Data
Review & Overview
Wall Financial is a smaller mortgage company specializing in Cash Out Refi, Refi, and Home Purchase loans. Wall Financial has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Los Angeles, Riverside, Bakersfield, Oxnard, and San Francisco among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)Wall Financial 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. Wall Financial 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 | 6.65% | 12/3/24 |
| 30 Year Conventional Refi | 6.19% | 12/3/24 |
| 30 Year Cash-out Refi | 6.52% | 12/3/24 |
| 30 Year FHA Purchase | 6.89% | 12/3/24 |
| 15 Year Conventional Purchase | 6.32% | 12/3/24 |
| 15 Year Conventional Refi | 6.19% | 12/3/24 |
| 15 Year Cash-out Refi | 6.19% | 12/3/24 |
| 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. | ||
Wall Financial Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
692Origination Dollar Volume (All Markets)
$275,210,000Top 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) | 492 | $213,810,000 | $434,573 | $9,804 | 4.16% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 143 | $43,425,000 | $303,671 | $9,577 | 4.26% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 24 | $4,970,000 | $207,083 | $8,242 | 4.75% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 5 | $2,685,000 | $537,000 | $11,815 | 4.18% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 6 | $2,370,000 | $395,000 | $8,383 | 3.75% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $1,285,000 | $428,333 | $10,875 | 4.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4 | $1,200,000 | $300,000 | $5,168 | 3.66% |
| VALLEJO, CA (FHA|USDA|VA) | 3 | $1,125,000 | $375,000 | $8,599 | 4.21% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $1,105,000 | $368,333 | $15,072 | 4.83% |
| NAPA, CA (FHA|USDA|VA) | 2 | $1,050,000 | $525,000 | $13,060 | 4.40% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $1,010,000 | $505,000 | $12,644 | 3.69% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $10,029 | 4.31% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $12,174 | 3.49% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,838 | 4.38% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $10,605 | 4.63% |
Similar Lenders
We use machine learning to identify the top lenders compared against WALL FINANCIAL 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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 517 | $205,135,000 | $396,779 | $8,001 | 4.26% |
| FHA | 175 | $70,075,000 | $400,429 | $14,789 | 4.00% |
For 2019, Wall Financial's most frequently originated type of loan was Conventional, with 517 originations. Their 2nd most popular type was FHA, with 175 originations.
Loan Reason
For 2019, Wall Financial's most frequently cited loan purpose was Cash Out Refi, with 239 originations. The 2nd most popular reason was Refi, with 228 originations.
Loan Duration/Length
For 2019, Wall Financial's most frequently cited loan duration was 30 Year, with 638 originations. The 2nd most popular length was 15 Year, with 35 originations.
Origination Fees/Closing Costs
Wall Financial's average total fees were $9,974, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 318 originations.
Interest Rates
During 2019, Wall Financial's average interest rate for loans was 4.24%, while their most frequently originated rate bucket for loans was 3-4%, with 325 originations.
Loan Sizing
2019 saw Wall Financial place emphasis on $200k-400k loans with 313 originations, totaling $94,445,000 in origination value.
Applicant Income
Wall Financial lent most frequently to those with incomes in the $100k-150k range, with 183 originations. The second most popular income band? $75k-100k, with 160 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 50-60% | 1 | $695,000 | $695,000 | $26,258 | 5.00% |
Wall Financial lent most frequently to those with DTI ratios of 50-60%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.52%
Wall Financial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination81.94%
Wall Financial has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 692 | $275,210,000 | $397,702 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 692 | $275,210,000 | $397,702 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 80-100% | 1 | $695,000 | $695,000 | $26,258 | 5.00% |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| WILLOW BEND MORTGAGE | FHA mortgage | Closing on a mortgage | 1 | 33.3% |
| WILLOW BEND MORTGAGE | Other type of mortgage | Closing on a mortgage | 1 | 33.3% |
| WILLOW BEND MORTGAGE | Other type of mortgage | Incorrect information on your report | 1 | 33.3% |