Professional Consolidated Financial Group Mortgage Rates, Fees & Info

TEMPLE CITY, CA

LEI: 549300T3PE251I1FTX35

Tax ID: 95-4399912

4.5 stars - out of 5 stars, based on 16 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Professional Consolidated Financial Group is a smaller mortgage company specializing in Refi, Home Purchase, and Cash Out Refi loans. Professional Consolidated Financial Group has a high proportion of conventional loans. Their top markets include Los Angeles, Riverside, San Jose, Oxnard, and Bakersfield among others. Professional Consolidated Financial Group has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. Professional Consolidated Financial Group is typically an average fee lendor.


Originations

249

Origination Dollar Volume (All Markets)

$115,655,000

Relative Rate

Professional Consolidated Financial Group 's average 30 year fixed rate mortgage of loans were 3.21%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.06%.

Relative Fees

Professional Consolidated Financial Group 's average total fees for a 30 year fixed rate mortgage are $5,049.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 211 $101,855,000 $482,725 $4,755 3.08%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 27 $9,765,000 $361,667 $4,587 3.02%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 3 $1,525,000 $508,333 $4,811 2.71%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 3 $835,000 $278,333 $4,069 2.92%
BAKERSFIELD, CA (FHA|USDA|VA) 2 $620,000 $310,000 $4,185 3.75%
STOCKTON, CA (FHA|USDA|VA) 1 $545,000 $545,000 $7,962 3.13%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $510,000 $255,000 $3,946 2.75%

Professional Consolidated Financial Group 's top markets include Los Angeles, Riverside, San Jose, Oxnard, and Bakersfield among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 249 $115,655,000 $464,478 $4,731 3.07%

For the 2021 period, Professional Consolidated Financial Group 's most frequently originated loan type of loans were Conventional, with 249 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 98 $38,220,000 $390,000 $2,803 2.88%
Home Purchase 82 $46,290,000 $564,512 $7,345 3.16%
Cash Out Refi 69 $31,145,000 $451,377 $3,761 3.24%

For the 2021, Professional Consolidated Financial Group 's most frequently cited loan purpose of loans were Refi, with 98 originations. The 2nd most popular reason of loans were Home Purchase, with 82 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 190 $94,720,000 $498,526 $5,049 3.21%
15 Year 37 $13,355,000 $360,946 $3,585 2.49%
20 Year 13 $4,945,000 $380,385 $3,908 2.91%
Other 5 $1,765,000 $353,000 $2,794 3.15%
10 Year 4 $870,000 $217,500 $2,472 2.38%

For the 2021, Professional Consolidated Financial Group 's most frequently cited loan length of loans were 30 Year, with 190 originations. The 2nd most popular length of loans were 15 Year, with 37 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 134 $62,570,000 $466,940
$3k-4k 20 $9,300,000 $465,000
$5k+ 20 $11,210,000 $560,500
$2k-3k 11 $5,765,000 $524,091
$<1k 5 $1,885,000 $377,000

$5,049 of loans were Professional Consolidated Financial Group 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 134 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 112 $56,670,000 $505,982
2.5-3% 100 $43,690,000 $436,900
<2.5% 31 $11,335,000 $365,645
4-5% 6 $3,960,000 $660,000

During 2021, Professional Consolidated Financial Group 's average interest rate of loans were 3.21%, while their most frequently originated rate bucket of loans were 3-4%, with 112 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$400k-600k 105 $51,555,000 $491,000 $4,525 3.06%
$200k-400k 88 $27,520,000 $312,727 $3,946 2.96%
$600k-1MM 43 $31,515,000 $732,907 $7,012 3.33%
$100k-200k 10 $1,800,000 $180,000 $2,871 2.88%
$1MM+ 3 $3,265,000 $1,088,333 $6,809 3.63%

2021 saw Professional Consolidated Financial Group place emphasis on $400k-600k loans with 105 originations, totaling $51,555,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$150k-250k 65 $34,205,000 $526,231 $4,824 3.09%
$100k-150k 63 $30,555,000 $485,000 $4,907 3.03%
$75k-100k 43 $17,425,000 $405,233 $4,475 2.98%
$50k-75k 38 $13,000,000 $342,105 $3,909 3.09%
$250k+ 31 $17,995,000 $580,484 $5,817 3.21%
$50k or less 9 $2,475,000 $275,000 $3,892 3.19%

Professional Consolidated Financial Group lent most frequently to those with incomes in the $150k-250k range, with 65 originations. The second most popular income band? $100k-150k, with 63 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 39 $19,025,000 $487,821 $5,015 3.14%
20-30% 33 $15,695,000 $475,606 $5,045 3.01%
46% 21 $9,825,000 $467,857 $5,008 3.16%
<20% 20 $8,510,000 $425,500 $3,392 2.93%
49% 16 $7,580,000 $473,750 $3,869 3.41%
37% 15 $7,865,000 $524,333 $4,986 3.12%
47% 13 $5,815,000 $447,308 $3,248 2.94%
36% 13 $6,335,000 $487,308 $5,487 3.04%
41% 11 $4,875,000 $443,182 $6,607 2.97%
42% 10 $5,320,000 $532,000 $4,582 3.03%
40% 10 $4,550,000 $455,000 $6,473 3.05%
38% 9 $4,215,000 $468,333 $6,120 3.10%
48% 9 $4,005,000 $445,000 $4,356 2.93%
43% 8 $3,590,000 $448,750 $4,647 3.08%
44% 8 $3,120,000 $390,000 $3,965 3.05%
50-60% 7 $2,815,000 $402,143 $3,418 2.96%
39% 4 $1,320,000 $330,000 $3,116 2.81%
45% 3 $1,195,000 $398,333 $3,394 3.42%

Professional Consolidated Financial Group lent most frequently to those with DTI ratios of 30-36%, with 39 originations. The next most common DTI ratio? 20-30%, with 33 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Asian 200 $94,770,000 $473,850 $4,911 3.07%
White 44 $18,690,000 $424,773 $4,118 3.10%
Asian Indian 1 $825,000 $825,000 $0 3.25%
Chinese 2 $690,000 $345,000 $2,550 3.06%
American Indian 1 $375,000 $375,000 $3,106 2.38%
Filipino 1 $305,000 $305,000 $4,329 3.25%

Approval Rates

Total approvals of all applications
99.30%

Professional Consolidated Financial Group has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
91.63%

Professional Consolidated Financial Group has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
0.0 4 $1,560,000 $390,000
600.0 1 $365,000 $365,000
NA 244 $113,730,000 $466,107

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
249 $115,655,000 $464,478

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 49 $15,805,000 $322,551 $2,976 2.95%
40-60% 85 $36,065,000 $424,294 $3,891 2.96%
60-80% 98 $54,980,000 $561,020 $5,907 3.24%
80-100% 13 $7,465,000 $574,231 $7,546 3.17%
Under 20% 4 $1,340,000 $335,000 $2,675 2.53%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Purpose Funding Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%