Amcap Mortgage Ltd.

Houston, TX 77036

LEI: 549300ONBM4MGXXBTA44

Tax ID: 32-0016270

2019 Data | 2018 Data


Overview

Amcap Mortgage Ltd. is a small mortgage company specializing in Home Purchase loans. Amcap Mortgage Ltd. 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 include Houston, San Antonio, Dallas, Fort Worth, and Austin among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Amcap Mortgage Ltd. is typically a medium-low fee medium-high fee high fee lendor.


Originations

9,391

Origination Dollar Volume (All Markets)

$2,098,495,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 4,720 $1,104,110,000 $233,922
FHA 3,470 $690,670,000 $199,040
VA 1,028 $276,240,000 $268,716
USDA 173 $27,475,000 $158,815

Conventional loans are assumed to be 20% downpayment and either fixed/adjustable rate. FHA loans start at 3.5% downpayment and are targeted towards first time homebuyers who will be owner-occupants. USDA loans target agrarian uses such as farms. VA loans are available to members of the military. FHA, USDA and VA loans are typically subsidized by the government so as to have more favorable terms for the borrower.

Loan Reason

Loan Reason Originations Total Value Average Loan
Home Purchase 7,767 $1,687,765,000 $217,299
Refi 932 $254,360,000 $272,918
Cash Out Refi 692 $156,370,000 $225,968

Home purchase and refinance loans are typically offered by even the most prudent banks. Cash out refi loans typically carry higher fees-- they allow homeowners to get loans against the equity (appreciated value) of their home, but can be used irresponsibly. Lendors with a high ratio of cash out refi loans may be exposed in the event of an economic downturn, and may be more aggressive with their fee schedules.

Top Markets

Market Originations Total Value Average Loan
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 2,523 $594,695,000 $235,709
SAN ANTONIO-NEW BRAUNFELS, TX 1,381 $312,765,000 $226,477
Outside of Metro Areas 987 $177,285,000 $179,620
DALLAS-PLANO-IRVING, TX 650 $157,560,000 $242,400
FORT WORTH-ARLINGTON-GRAPEVINE, TX 482 $109,820,000 $227,842
AUSTIN-ROUND ROCK-GEORGETOWN, TX 195 $59,265,000 $303,923
MCALLEN-EDINBURG-MISSION, TX 352 $55,250,000 $156,960
GRAND JUNCTION, CO 194 $43,370,000 $223,557
TACOMA-LAKEWOOD, WA 142 $39,740,000 $279,859
BEAUMONT-PORT ARTHUR, TX 174 $33,290,000 $191,322
BOISE CITY, ID 123 $31,415,000 $255,407
MIAMI-MIAMI BEACH-KENDALL, FL 109 $29,655,000 $272,064
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 68 $28,320,000 $416,471
OKLAHOMA CITY, OK 147 $25,805,000 $175,544
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 57 $20,335,000 $356,754
DENVER-AURORA-LAKEWOOD, CO 59 $20,075,000 $340,254
BATON ROUGE, LA 95 $18,225,000 $191,842
LOS ANGELES-LONG BEACH-GLENDALE, CA 43 $17,655,000 $410,581
PHOENIX-MESA-CHANDLER, AZ 65 $16,945,000 $260,692
MIDLAND, TX 55 $14,995,000 $272,636
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 56 $14,920,000 $266,429
SEATTLE-BELLEVUE-KENT, WA 37 $13,935,000 $376,622
CORPUS CHRISTI, TX 70 $13,660,000 $195,143
CINCINNATI, OH-KY-IN 85 $13,405,000 $157,706
KILLEEN-TEMPLE, TX 83 $13,235,000 $159,458
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 51 $11,685,000 $229,118
TUCSON, AZ 61 $11,345,000 $185,984
ALEXANDRIA, LA 57 $10,315,000 $180,965
LONGVIEW, TX 61 $9,825,000 $161,066
VICTORIA, TX 48 $9,820,000 $204,583
RALEIGH-CARY, NC 37 $8,355,000 $225,811
CASPER, WY 58 $8,340,000 $143,793
OGDEN-CLEARFIELD, UT 40 $8,310,000 $207,750
BROWNSVILLE-HARLINGEN, TX 51 $7,815,000 $153,235
OLYMPIA-LACEY-TUMWATER, WA 29 $7,745,000 $267,069
ANAHEIM-SANTA ANA-IRVINE, CA 13 $7,065,000 $543,462
JACKSONVILLE, FL 23 $6,975,000 $303,261
WACO, TX 42 $6,660,000 $158,571
ALBUQUERQUE, NM 38 $5,860,000 $154,211
KNOXVILLE, TN 32 $4,990,000 $155,938
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 27 $4,075,000 $150,926
COLLEGE STATION-BRYAN, TX 15 $3,675,000 $245,000
GREELEY, CO 14 $3,660,000 $261,429
ODESSA, TX 18 $3,460,000 $192,222
SACRAMENTO-ROSEVILLE-FOLSOM, CA 17 $3,235,000 $190,294
COLORADO SPRINGS, CO 11 $2,805,000 $255,000
TAMPA-ST. PETERSBURG-CLEARWATER, FL 19 $2,795,000 $147,105
NEW ORLEANS-METAIRIE, LA 12 $2,430,000 $202,500
KANSAS CITY, MO-KS 14 $2,430,000 $173,571
LAREDO, TX 14 $2,370,000 $169,286
STOCKTON, CA 12 $2,360,000 $196,667
TULSA, OK 11 $2,255,000 $205,000
TYLER, TX 12 $2,210,000 $184,167
AMARILLO, TX 13 $2,195,000 $168,846
FARMINGTON, NM 14 $2,000,000 $142,857
EL PASO, TX 11 $1,915,000 $174,091
HICKORY-LENOIR-MORGANTON, NC 18 $1,870,000 $103,889
SALINAS, CA 6 $1,800,000 $300,000
NAPA, CA 4 $1,790,000 $447,500
BREMERTON-SILVERDALE-PORT ORCHARD, WA 7 $1,735,000 $247,857
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 7 $1,715,000 $245,000
CLARKSVILLE, TN-KY 8 $1,710,000 $213,750
LAKE HAVASU CITY-KINGMAN, AZ 11 $1,605,000 $145,909
SHREVEPORT-BOSSIER CITY, LA 12 $1,600,000 $133,333
LUBBOCK, TX 11 $1,585,000 $144,091
OAKLAND-BERKELEY-LIVERMORE, CA 6 $1,550,000 $258,333
CAPE CORAL-FORT MYERS, FL 6 $1,550,000 $258,333
CLEVELAND-ELYRIA, OH 14 $1,470,000 $105,000
LAFAYETTE, LA 8 $1,360,000 $170,000
HOUMA-THIBODAUX, LA 6 $1,290,000 $215,000
SHERMAN-DENISON, TX 9 $1,285,000 $142,778
LOGAN, UT-ID 4 $1,220,000 $305,000
EVANSVILLE, IN-KY 9 $1,125,000 $125,000
ORLANDO-KISSIMMEE-SANFORD, FL 4 $1,050,000 $262,500
PALM BAY-MELBOURNE-TITUSVILLE, FL 4 $970,000 $242,500
VALLEJO, CA 2 $960,000 $480,000
DURHAM-CHAPEL HILL, NC 4 $900,000 $225,000
PITTSBURGH, PA 4 $810,000 $202,500
DES MOINES-WEST DES MOINES, IA 4 $790,000 $197,500
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 3 $775,000 $258,333
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 1 $755,000 $755,000
LAKELAND-WINTER HAVEN, FL 6 $740,000 $123,333
BILLINGS, MT 4 $710,000 $177,500
PROVO-OREM, UT 2 $670,000 $335,000
SALT LAKE CITY, UT 2 $620,000 $310,000
PORT ST. LUCIE, FL 3 $585,000 $195,000
SANTA FE, NM 3 $565,000 $188,333
CHARLOTTE-CONCORD-GASTONIA, NC-SC 4 $560,000 $140,000
LONGVIEW, WA 4 $550,000 $137,500
SAN ANGELO, TX 3 $545,000 $181,667
SPARTANBURG, SC 3 $535,000 $178,333
PENSACOLA-FERRY PASS-BRENT, FL 3 $525,000 $175,000
COEUR D'ALENE, ID 3 $505,000 $168,333
FORT COLLINS, CO 2 $500,000 $250,000
BELLINGHAM, WA 1 $485,000 $485,000
ENID, OK 3 $485,000 $161,667
SALEM, OR 1 $485,000 $485,000
CHEYENNE, WY 1 $475,000 $475,000
INDIANAPOLIS-CARMEL-ANDERSON, IN 2 $450,000 $225,000
LAS CRUCES, NM 3 $405,000 $135,000
GREEN BAY, WI 3 $385,000 $128,333
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 2 $380,000 $190,000
ABILENE, TX 2 $380,000 $190,000
KINGSPORT-BRISTOL, TN-VA 2 $350,000 $175,000
CHATTANOOGA, TN-GA 2 $340,000 $170,000
FRESNO, CA 1 $335,000 $335,000
Outside of Metro Areas 1 $315,000 $315,000
LEXINGTON-FAYETTE, KY 1 $315,000 $315,000
BOULDER, CO 1 $315,000 $315,000
GREENVILLE-ANDERSON, SC 2 $310,000 $155,000
JOHNSON CITY, TN 2 $310,000 $155,000
WICHITA FALLS, TX 2 $300,000 $150,000
MONROE, LA 1 $295,000 $295,000
COLUMBUS, OH 2 $290,000 $145,000
PUNTA GORDA, FL 3 $265,000 $88,333
GRAND FORKS, ND-MN 1 $265,000 $265,000
TOLEDO, OH 1 $255,000 $255,000
SEBRING-AVON PARK, FL 1 $245,000 $245,000
JACKSONVILLE, NC 1 $235,000 $235,000
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 1 $235,000 $235,000
PRESCOTT VALLEY-PRESCOTT, AZ 1 $235,000 $235,000
CHARLESTON-NORTH CHARLESTON, SC 1 $235,000 $235,000
MEMPHIS, TN-MS-AR 1 $215,000 $215,000
BAKERSFIELD, CA 1 $215,000 $215,000
GREENSBORO-HIGH POINT, NC 1 $205,000 $205,000
MILWAUKEE-WAUKESHA, WI 1 $205,000 $205,000
VISALIA, CA 1 $205,000 $205,000
BURLINGTON, NC 1 $195,000 $195,000
HILTON HEAD ISLAND-BLUFFTON, SC 1 $195,000 $195,000
BIRMINGHAM-HOOVER, AL 1 $195,000 $195,000
FLAGSTAFF, AZ 1 $175,000 $175,000
MORRISTOWN, TN 1 $155,000 $155,000
AUGUSTA-RICHMOND COUNTY, GA-SC 1 $145,000 $145,000
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 1 $135,000 $135,000
IDAHO FALLS, ID 1 $135,000 $135,000
APPLETON, WI 1 $135,000 $135,000
LAKE COUNTY-KENOSHA COUNTY, IL-WI 1 $125,000 $125,000
NAPLES-MARCO ISLAND, FL 1 $125,000 $125,000
HAMMOND, LA 1 $125,000 $125,000
YUMA, AZ 1 $115,000 $115,000
NORTH PORT-SARASOTA-BRADENTON, FL 1 $115,000 $115,000
SIERRA VISTA-DOUGLAS, AZ 1 $105,000 $105,000
HOT SPRINGS, AR 1 $95,000 $95,000
TEXARKANA, TX-AR 1 $95,000 $95,000
DAYTON-KETTERING, OH 1 $85,000 $85,000
MERCED, CA 1 $85,000 $85,000
KANKAKEE, IL 1 $65,000 $65,000

Lendors vary in competitiveness at the per market level-- meaning they may have better terms, deals or promotions based on the mortgaged property's location.

Interest Rate & Spreads

Loan Rate Originations Total Value Average Loan
<2.5% 93 $715,000 $7,688
2.5-3% 37 $9,565,000 $258,514
3-4% 2,627 $649,725,000 $247,326
4-5% 4,621 $1,049,585,000 $227,134
5-6% 1,886 $365,010,000 $193,537
6-7% 90 $16,590,000 $184,333
7-8% 23 $3,955,000 $171,957
Over 8% 14 $3,350,000 $239,286

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 698 $44,630,000 $63,940
$100k-200k 3,867 $602,185,000 $155,724
$200k-400k 4,183 $1,134,585,000 $271,237
$400k-600k 570 $261,270,000 $458,368
$600k-1000k 66 $46,950,000 $711,364
$Over $1MM 7 $8,875,000 $1,267,857

Different banks have different objectives. Some banks focus solely on high net worth individuals. Others focus on FHA loans for lower income applicants. Knowing what a bank specializes in allows better optimization given the applicant's financial situation.

LTV Distribution

Loan to Value Originations Total Value Average Loan
20-40% 108 $15,870,000 $146,944
40-60% 410 $85,830,000 $209,341
60-80% 1,695 $411,185,000 $242,587
80-100% 6,796 $1,517,800,000 $223,337
Over 100% 226 $65,490,000 $289,779
Under 20% 155 $2,125,000 $13,710

LTV, or loan-to-value, is the amount loaned relative to a home's value. Lower LTV lending implies a larger downpayment-- reducing risk to the lendor. FHA loans will nearly always have a higher LTV due to the lower downpayment requirements. Higher LTVs may also mean a bank is charging higher fees or interest rates to compensate for their risk exposure.

Applicant Income

Applicant Income Originations Total Value Average Loan
$100k-150k 1,910 $515,020,000 $269,644
$150k-250k 940 $302,130,000 $321,415
$50k-75k 2,733 $507,985,000 $185,871
$50k-or less 1,639 $231,625,000 $141,321
$75k-100k 1,877 $425,105,000 $226,481
$Over $250k 290 $116,210,000 $400,724

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 7,098 $1,553,170,000 $218,818
Black 995 $227,985,000 $229,131
Not provided 847 $201,415,000 $237,798
Asian 332 $89,490,000 $269,548
American Indian 76 $15,630,000 $205,658
Asian Indian 12 $3,970,000 $330,833
Native Hawaiian 12 $2,690,000 $224,167
Other Asian 7 $1,775,000 $253,571
Other Pacific Islander 5 $715,000 $143,000
Korean 2 $590,000 $295,000
Vietnamese 2 $570,000 $285,000
Filipino 3 $495,000 $165,000

Approval Rates

Total approvals of all applications
92.30%

A high approval rate means banks are more selective in who they market to or that they are loosey-goosey with who they lend to. Low approval rates may mean a lendor is more stringent in their lending standards.

Pick Rate

Approvals leading to origination
71.66%

A bank's pick rate is how often they are chosen by an applicant once approved. A high pick rate typically means the bank has some sort of advantage-- either the best terms (rates/fees), fastest closing time or even the best customer service. Banks with <75% pick rate may need further investigation as to why they are not more competitive.

Points and Fees

Points Originations Total Value Average Loan
NA 9,391 $2,098,495,000 $223,458

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 347 $56,005,000 $161,398
$1k-2k 3,481 $758,105,000 $217,784
$2k-3k 2,013 $406,895,000 $202,134
$3k-4k 2,064 $489,050,000 $236,943
$5k+ 1,092 $334,060,000 $305,916

Banks make money on their float/interest spread (fees charged to borrowers vs fees they pay for their capital), for servicing loans, as well as charging origination fees when a loan is disbursed. Modern low-cost efficient lendors can have fees totaling less than $500 for many mortgages-- as low as $250 in some cases. Average lendors will be in the $1k-2k range and high cost lendors will be even more. The costs incurred by the bank will be similar no matter the loan amount, so this is to be viewed as a profit center for most banks.

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 449 $75,555,000 $168,274
Single Family (1-4 Units):Site-Built 8,942 $2,022,940,000 $226,229