Tri-emerald Financial Group Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 549300PNAL4XWOQBBP76
Tax ID: 06-1819106
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Mortgage Data
Review & Overview
Tri-emerald Financial Group is a smaller mortgage company specializing in Home Purchase and Refi loans. Tri-emerald Financial Group has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top two markets are Los Angeles and Vallejo .Tri-emerald Financial Group 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. Tri-emerald Financial Group is typically an average 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.
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Originations
2Origination Dollar Volume (All Markets)
$930,000Top 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) | 1 | $625,000 | $625,000 | $5,678 | 4.63% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $8,366 | 4.38% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against TRI-EMERALD FINANCIAL GROUP 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 | 1 | $625,000 | $625,000 | $5,678 | 4.63% |
| FHA | 1 | $305,000 | $305,000 | $8,366 | 4.38% |
For 2018, Tri-emerald Financial Group's most frequently originated type of loan was Conventional, with 1 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 1 | $625,000 | $625,000 | $5,678 | 4.63% |
| Refi | 1 | $305,000 | $305,000 | $8,366 | 4.38% |
For 2018, Tri-emerald Financial Group's most frequently cited loan purpose was Home Purchase, with 1 originations. The 2nd most popular reason was Refi, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 2 | $930,000 | $465,000 | $7,022 | 4.50% |
For 2018, Tri-emerald Financial Group's most frequently cited loan duration was 30 Year, with 2 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 2 | $930,000 | $465,000 |
Tri-emerald Financial Group's average total fees were $7,022, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 2 | $930,000 | $465,000 |
During 2018, Tri-emerald Financial Group's average interest rate for loans was 4.50%, while their most frequently originated rate bucket for loans was 4-5%, with 2 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 1 | $305,000 | $305,000 | $8,366 | 4.38% |
| $600k-1MM | 1 | $625,000 | $625,000 | $5,678 | 4.63% |
2018 saw Tri-emerald Financial Group place emphasis on $200k-400k loans with 1 originations, totaling $305,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 1 | $625,000 | $625,000 | $5,678 | 4.63% |
| $50k-75k | 1 | $305,000 | $305,000 | $8,366 | 4.38% |
Tri-emerald Financial Group lent most frequently to those with incomes in the $100k-150k range, with 1 originations. The second most popular income band? $50k-75k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 50-60% | 1 | $305,000 | $305,000 | $8,366 | 4.38% |
Tri-emerald Financial Group lent most frequently to those with DTI ratios of 50-60%, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 2 | $930,000 | $465,000 | $7,022 | 4.50% |
Approval Rates
Total approvals of all applications73.56%
Tri-emerald Financial Group has a below average approval rate.
Pick Rate
Approvals leading to origination-6,250.00%
Tri-emerald Financial Group 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 | $930,000 | $465,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 2 | $930,000 | $465,000 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 60-80% | 2 | $930,000 | $465,000 | $7,022 | 4.50% |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TriMark Financial Solutions DBA Distressed Mortgage Solutions | Other type of mortgage | Struggling to pay mortgage | 1 | 100.0% |