Tri-emerald Financial Group Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300PNAL4XWOQBBP76

Tax ID: 06-1819106

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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 a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Los Angeles, San Francisco, Sacramento, San Diego, and Riverside among others. We have data for 34 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Tri-emerald Financial Group 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. 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.

    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

    1,045

    Origination Dollar Volume (All Markets)

    $372,665,000
    Show all (27) awards

    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) 288 $113,060,000 $392,569 $2,624 2.85%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 111 $43,725,000 $393,919 $2,614 2.75%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 134 $43,590,000 $325,299 $2,444 2.76%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 112 $42,350,000 $378,125 $2,461 2.85%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 132 $42,030,000 $318,409 $2,624 2.82%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 43 $17,045,000 $396,395 $2,496 2.81%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 38 $13,250,000 $348,684 $2,533 2.83%
    STOCKTON, CA (FHA|USDA|VA) 26 $8,270,000 $318,077 $2,531 2.95%
    FRESNO, CA (FHA|USDA|VA) 24 $7,550,000 $314,583 $2,443 2.77%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 13 $4,825,000 $371,154 $3,041 3.05%
    BAKERSFIELD, CA (FHA|USDA|VA) 15 $3,625,000 $241,667 $3,002 3.06%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 14 $3,460,000 $247,143 $2,192 2.77%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 9 $3,085,000 $342,778 $2,557 2.82%
    VALLEJO, CA (FHA|USDA|VA) 10 $2,970,000 $297,000 $2,291 2.86%
    MODESTO, CA (FHA|USDA|VA) 10 $2,910,000 $291,000 $2,117 2.81%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 7 $2,155,000 $307,857 $2,183 3.00%
    MERCED, CA (FHA|USDA|VA) 7 $2,105,000 $300,714 $2,621 2.77%
    REDDING, CA (FHA|USDA|VA) 8 $2,090,000 $261,250 $2,525 2.76%
    SALINAS, CA (FHA|USDA|VA) 5 $1,925,000 $385,000 $2,358 2.88%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 5 $1,815,000 $363,000 $3,027 2.70%
    NAPA, CA (FHA|USDA|VA) 4 $1,620,000 $405,000 $2,310 2.56%
    Outside of Metro Areas 5 $1,415,000 $283,000 $2,885 2.72%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 3 $1,375,000 $458,333 $2,715 2.62%
    MADERA, CA (FHA|USDA|VA) 4 $1,190,000 $297,500 $3,312 2.91%
    VISALIA, CA (FHA|USDA|VA) 4 $1,190,000 $297,500 $2,412 2.87%
    CHICO, CA (FHA|USDA|VA) 3 $895,000 $298,333 $2,246 2.87%
    TUCSON, AZ (FHA|USDA|VA) 3 $775,000 $258,333 $2,490 3.12%
    Durango, CO (FHA|USDA|VA) 1 $435,000 $435,000 $2,039 2.75%
    YUBA CITY, CA (FHA|USDA|VA) 2 $420,000 $210,000 $2,129 2.56%
    FLAGSTAFF, AZ (FHA|USDA|VA) 1 $405,000 $405,000 $2,049 3.00%
    Clearlake, CA (FHA|USDA|VA) 1 $355,000 $355,000 $2,567 2.75%
    GRAND JUNCTION, CO (FHA|USDA|VA) 1 $335,000 $335,000 $2,899 2.49%
    EL CENTRO, CA (FHA|USDA|VA) 1 $265,000 $265,000 $2,129 2.88%
    YUMA, AZ (FHA|USDA|VA) 1 $155,000 $155,000 $3,697 3.13%
    Tri-emerald Financial Group's top markets include Los Angeles, San Francisco, Sacramento, San Diego, and Riverside among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)

    • 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.

    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 330
    Chaffey Federal Credit Union
    Similarity Rank: 345
    SAFE 1 CREDIT UNION
    Similarity Rank: 369
    MANHATTAN FINANCIAL GROUP, INC.
    Similarity Rank: 384
    MYPOINT Credit Union
    Similarity Rank: 560
    COASTHILLS
    Similarity Rank: 564
    ALTURA
    Similarity Rank: 628
    AltaOne Federal Credit Union
    Similarity Rank: 666
    Christian Community Credit Union
    Similarity Rank: 716
    SESLOC
    Similarity Rank: 792

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,026 $365,620,000 $356,355 $2,523 2.83%
    VA 12 $4,930,000 $410,833 $2,154 2.52%
    FHA 7 $2,115,000 $302,143 $8,703 2.82%

    For 2020, Tri-emerald Financial Group's most frequently originated type of loan was Conventional, with 1,026 originations. Their 2nd most popular type was VA, with 12 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 765 $270,995,000 $354,242 $2,416 2.78%
    Cash Out Refi 269 $96,665,000 $359,349 $2,814 2.94%
    Home Purchase 11 $5,005,000 $455,000 $6,370 2.90%

    For 2020, Tri-emerald Financial Group's most frequently cited loan purpose was Refi, with 765 originations. The 2nd most popular reason was Cash Out Refi, with 269 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 828 $300,420,000 $362,826 $2,548 2.89%
    15 Year 143 $46,665,000 $326,329 $2,655 2.49%
    20 Year 54 $19,130,000 $354,259 $2,517 2.71%
    Other 11 $4,325,000 $393,182 $2,295 2.69%
    10 Year 9 $2,125,000 $236,111 $2,678 2.38%

    For 2020, Tri-emerald Financial Group's most frequently cited loan duration was 30 Year, with 828 originations. The 2nd most popular length was 15 Year, with 143 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 734 $264,780,000 $360,736
    $1k-2k 232 $77,650,000 $334,698
    $2k-3k 40 $14,960,000 $374,000
    $5k+ 15 $6,205,000 $413,667
    $4k-5k 14 $4,950,000 $353,571
    $3k-4k 10 $4,120,000 $412,000

    Tri-emerald Financial Group's average total fees were $2,548, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 734 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 546 $195,590,000 $358,223
    3-4% 259 $91,725,000 $354,151
    <2.5% 237 $83,475,000 $352,215
    4-5% 3 $1,875,000 $625,000

    During 2020, Tri-emerald Financial Group's average interest rate for loans was 2.89%, while their most frequently originated rate bucket for loans was 2.5-3%, with 546 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 610 $184,980,000 $303,246 $2,533 2.80%
    $400k-600k 359 $166,135,000 $462,772 $2,565 2.82%
    $100k-200k 60 $10,390,000 $173,167 $2,238 2.99%
    $600k-1MM 16 $11,160,000 $697,500 $4,671 3.16%

    2020 saw Tri-emerald Financial Group place emphasis on $200k-400k loans with 610 originations, totaling $184,980,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 379 $139,935,000 $369,222 $2,433 2.81%
    $150k-250k 278 $108,430,000 $390,036 $2,595 2.80%
    $75k-100k 182 $58,160,000 $319,560 $2,674 2.82%
    $50k-75k 110 $31,230,000 $283,909 $2,530 2.88%
    $250k+ 61 $25,595,000 $419,590 $3,024 2.91%
    $50k or less 33 $8,805,000 $266,818 $2,331 2.84%

    Tri-emerald Financial Group lent most frequently to those with incomes in the $100k-150k range, with 379 originations. The second most popular income band? $150k-250k, with 278 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 337 $118,875,000 $352,745 $2,467 2.77%
    30-36% 203 $72,295,000 $356,133 $2,643 2.84%
    <20% 124 $41,360,000 $333,548 $2,471 2.75%
    44% 40 $15,110,000 $377,750 $2,678 2.94%
    38% 37 $12,675,000 $342,568 $2,630 2.76%
    43% 35 $12,735,000 $363,857 $2,506 2.88%
    42% 34 $12,720,000 $374,118 $2,689 2.89%
    39% 34 $12,300,000 $361,765 $2,423 2.91%
    41% 34 $12,840,000 $377,647 $2,820 2.94%
    37% 30 $10,630,000 $354,333 $2,336 2.92%
    40% 25 $9,115,000 $364,600 $2,714 2.88%
    36% 25 $9,395,000 $375,800 $2,541 2.81%
    49% 21 $7,525,000 $358,333 $2,823 2.90%
    46% 17 $6,135,000 $360,882 $3,184 2.88%
    48% 17 $6,615,000 $389,118 $3,021 2.99%
    45% 16 $6,380,000 $398,750 $2,319 2.89%
    47% 15 $5,495,000 $366,333 $2,195 2.80%
    50-60% 1 $465,000 $465,000 $2,603 3.25%

    Tri-emerald Financial Group lent most frequently to those with DTI ratios of 20-30%, with 337 originations. The next most common DTI ratio? 30-36%, with 203 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 745 $261,535,000 $351,054 $2,615 2.85%
    Asian 192 $73,440,000 $382,500 $2,460 2.76%
    Not provided 69 $24,545,000 $355,725 $2,354 2.72%
    Black 22 $7,360,000 $334,545 $2,312 2.85%
    Asian Indian 7 $2,375,000 $339,286 $2,396 2.55%
    Native Hawaiian or Islander 6 $1,950,000 $325,000 $2,475 2.88%
    American Indian 4 $1,460,000 $365,000 $2,338 2.91%

    Approval Rates

    Total approvals of all applications
    92.85%

    Tri-emerald Financial Group has an average approval rate.

    Pick Rate

    Approvals leading to origination
    34.26%

    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 1,045 $372,665,000 $356,617

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,045 $372,665,000 $356,617

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 139 $40,515,000 $291,475 $2,505 2.75%
    40-60% 424 $147,520,000 $347,925 $2,382 2.78%
    60-80% 419 $160,005,000 $381,874 $2,649 2.88%
    80-100% 52 $21,160,000 $406,923 $3,307 2.94%
    Under 20% 11 $3,465,000 $315,000 $3,165 2.76%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Tri-Emerald Financial Group, Inc. Conventional home mortgage Closing on a mortgage 1 100.0%