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 Refi and Cash Out Refi loans. Tri-emerald Financial Group 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, Sacramento, San Francisco, and San Diego among others. We have data for 27 markets. (Some data included below & more in-depth data is available with an active subscription.)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 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.
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Originations
255Origination Dollar Volume (All Markets)
$86,005,000Top 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) | 69 | $27,035,000 | $391,812 | $3,673 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 48 | $13,890,000 | $289,375 | $4,641 | 0.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 26 | $7,540,000 | $290,000 | $3,469 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 18 | $6,920,000 | $384,444 | $3,347 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 17 | $6,575,000 | $386,765 | $3,299 | 0.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 9 | $3,995,000 | $443,889 | $3,280 | 0.00% |
| STOCKTON, CA (FHA|USDA|VA) | 12 | $3,560,000 | $296,667 | $3,555 | 0.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 9 | $3,195,000 | $355,000 | $3,571 | 0.00% |
| VALLEJO, CA (FHA|USDA|VA) | 6 | $2,260,000 | $376,667 | $4,418 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 8 | $2,090,000 | $261,250 | $3,951 | 0.00% |
| FRESNO, CA (FHA|USDA|VA) | 6 | $1,620,000 | $270,000 | $3,740 | 0.00% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 5 | $1,325,000 | $265,000 | $4,219 | 0.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $5,679 | 0.00% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $2,618 | 0.00% |
| MODESTO, CA (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $3,999 | 0.00% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $4,409 | 0.00% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $4,617 | 0.00% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,104 | 0.00% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,603 | 0.00% |
| Nogales, AZ (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,529 | 0.00% |
| REDDING, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,428 | 0.00% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,293 | 0.00% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,603 | 0.00% |
| CHICO, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,826 | 0.00% |
| Outside of Metro Areas | 1 | $235,000 | $235,000 | $1,887 | 0.00% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,357 | 0.00% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $952 | 0.00% |
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 | 213 | $73,255,000 | $343,920 | $3,257 | 0.00% |
| FHA | 25 | $7,015,000 | $280,600 | $8,714 | 0.00% |
| VA | 17 | $5,735,000 | $337,353 | $4,002 | 0.00% |
For 2019, Tri-emerald Financial Group's most frequently originated type of loan was Conventional, with 213 originations. Their 2nd most popular type was FHA, with 25 originations.
Loan Reason
For 2019, Tri-emerald Financial Group's most frequently cited loan purpose was Refi, with 130 originations. The 2nd most popular reason was Cash Out Refi, with 107 originations.
Loan Duration/Length
For 2019, Tri-emerald Financial Group's most frequently cited loan duration was 30 Year, with 232 originations. The 2nd most popular length was 15 Year, with 14 originations.
Origination Fees/Closing Costs
Tri-emerald Financial Group's average total fees were $3,851, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 130 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| <2.5% | 255 | $86,005,000 | $337,275 |
During 2019, Tri-emerald Financial Group's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was <2.5%, with 255 originations.
Loan Sizing
2019 saw Tri-emerald Financial Group place emphasis on $200k-400k loans with 133 originations, totaling $40,895,000 in origination value.
Applicant Income
Tri-emerald Financial Group lent most frequently to those with incomes in the $100k-150k range, with 94 originations. The second most popular income band? $75k-100k, with 60 originations.
Applicant Debt to Income Ratio
Tri-emerald Financial Group lent most frequently to those with DTI ratios of <20%, with 249 originations. The next most common DTI ratio? 44%, with 2 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.69%
Tri-emerald Financial Group has a below average approval rate.
Pick Rate
Approvals leading to origination-37.65%
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 | 255 | $86,005,000 | $337,275 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 255 | $86,005,000 | $337,275 |