Impac Mortgage Corp. Dba Cashcall Mortgage

IRVINE, CA 92612

LEI: 549300U2WRK55BY8UC05

Tax ID: 80-0233937

2019 Data | 2018 Data


Overview

Impac Mortgage Corp. Dba Cashcall Mortgage is a small mortgage company specializing in Refi and Cash Out Refi loans. Impac Mortgage Corp. Dba Cashcall Mortgage 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 include Los Angeles, Riverside, Anaheim, Oakland, and San Diego among others. They have an 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. Impac Mortgage Corp. Dba Cashcall Mortgage is typically a low fee lendor.


Originations

12,385

Origination Dollar Volume (All Markets)

$4,473,245,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 11,851 $4,292,055,000 $362,168
FHA 381 $123,405,000 $323,898
VA 153 $57,785,000 $377,680

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 1,613 $683,035,000 $423,456
Home Improvement 5 $1,025,000 $205,000
Refi 5,702 $2,147,760,000 $376,668
Cash Out Refi 5,065 $1,641,425,000 $324,072

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
LOS ANGELES-LONG BEACH-GLENDALE, CA 2,568 $1,090,050,000 $424,474
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 1,626 $518,210,000 $318,702
ANAHEIM-SANTA ANA-IRVINE, CA 1,097 $479,225,000 $436,851
OAKLAND-BERKELEY-LIVERMORE, CA 685 $295,705,000 $431,686
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 612 $255,940,000 $418,203
SACRAMENTO-ROSEVILLE-FOLSOM, CA 662 $223,560,000 $337,704
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 216 $116,010,000 $537,083
OXNARD-THOUSAND OAKS-VENTURA, CA 282 $113,770,000 $403,440
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 149 $87,835,000 $589,497
Outside of Metro Areas 342 $87,410,000 $255,585
PHOENIX-MESA-CHANDLER, AZ 285 $85,485,000 $299,947
LAS VEGAS-HENDERSON-PARADISE, NV 249 $67,205,000 $269,900
STOCKTON, CA 186 $61,050,000 $328,226
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 88 $52,760,000 $599,545
SANTA ROSA-PETALUMA, CA 102 $41,530,000 $407,157
FRESNO, CA 174 $39,800,000 $228,736
VALLEJO, CA 112 $37,740,000 $336,964
MODESTO, CA 132 $35,350,000 $267,803
SALINAS, CA 90 $31,930,000 $354,778
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 110 $25,130,000 $228,455
DENVER-AURORA-LAKEWOOD, CO 74 $23,510,000 $317,703
DALLAS-PLANO-IRVING, TX 78 $22,860,000 $293,077
SAN RAFAEL, CA 42 $20,540,000 $489,048
SANTA CRUZ-WATSONVILLE, CA 44 $20,280,000 $460,909
SAN LUIS OBISPO-PASO ROBLES, CA 57 $20,245,000 $355,175
MIAMI-MIAMI BEACH-KENDALL, FL 63 $20,115,000 $319,286
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 67 $19,895,000 $296,940
SANTA MARIA-SANTA BARBARA, CA 48 $19,820,000 $412,917
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 41 $19,635,000 $478,902
SEATTLE-BELLEVUE-KENT, WA 48 $19,350,000 $403,125
BAKERSFIELD, CA 91 $19,245,000 $211,484
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 72 $18,570,000 $257,917
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 53 $16,555,000 $312,358
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 41 $15,855,000 $386,707
URBAN HONOLULU, HI 24 $15,380,000 $640,833
VISALIA, CA 80 $15,250,000 $190,625
NAPA, CA 29 $14,005,000 $482,931
NASSAU COUNTY-SUFFOLK COUNTY, NY 30 $13,500,000 $450,000
RENO, NV 41 $12,645,000 $308,415
NEWARK, NJ-PA 40 $11,760,000 $294,000
TAMPA-ST. PETERSBURG-CLEARWATER, FL 59 $11,755,000 $199,237
CHICO, CA 42 $11,530,000 $274,524
BOISE CITY, ID 46 $11,200,000 $243,478
FORT WORTH-ARLINGTON-GRAPEVINE, TX 42 $11,140,000 $265,238
AUSTIN-ROUND ROCK-GEORGETOWN, TX 37 $10,535,000 $284,730
NEW BRUNSWICK-LAKEWOOD, NJ 33 $9,805,000 $297,121
MERCED, CA 40 $9,620,000 $240,500
ORLANDO-KISSIMMEE-SANFORD, FL 38 $9,610,000 $252,895
LAKE HAVASU CITY-KINGMAN, AZ 36 $8,840,000 $245,556
REDDING, CA 29 $7,625,000 $262,931
CHARLOTTE-CONCORD-GASTONIA, NC-SC 37 $7,235,000 $195,541
SAN ANTONIO-NEW BRAUNFELS, TX 28 $7,200,000 $257,143
YUBA CITY, CA 27 $6,515,000 $241,296
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 17 $5,995,000 $352,647
TUCSON, AZ 28 $5,830,000 $208,214
COLORADO SPRINGS, CO 21 $5,655,000 $269,286
CHICAGO-NAPERVILLE-EVANSTON, IL 33 $5,385,000 $163,182
PRESCOTT VALLEY-PRESCOTT, AZ 18 $5,360,000 $297,778
KAHULUI-WAILUKU-LAHAINA, HI 8 $5,120,000 $640,000
TACOMA-LAKEWOOD, WA 17 $4,965,000 $292,059
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 18 $4,860,000 $270,000
WARREN-TROY-FARMINGTON HILLS, MI 20 $4,400,000 $220,000
SALT LAKE CITY, UT 14 $4,380,000 $312,857
PALM BAY-MELBOURNE-TITUSVILLE, FL 25 $4,365,000 $174,600
FORT COLLINS, CO 14 $4,290,000 $306,429
FLAGSTAFF, AZ 15 $4,285,000 $285,667
BRIDGEPORT-STAMFORD-NORWALK, CT 4 $4,090,000 $1,022,500
PITTSBURGH, PA 18 $4,050,000 $225,000
JACKSONVILLE, FL 15 $4,025,000 $268,333
EUGENE-SPRINGFIELD, OR 17 $3,905,000 $229,706
MADERA, CA 18 $3,730,000 $207,222
NORTH PORT-SARASOTA-BRADENTON, FL 13 $3,725,000 $286,538
PROVO-OREM, UT 11 $3,475,000 $315,909
CAMDEN, NJ 18 $3,440,000 $191,111
BEND, OR 9 $3,355,000 $372,778
NEW ORLEANS-METAIRIE, LA 20 $3,280,000 $164,000
BALTIMORE-COLUMBIA-TOWSON, MD 11 $3,275,000 $297,727
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 10 $3,170,000 $317,000
COEUR D'ALENE, ID 10 $3,150,000 $315,000
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 6 $2,710,000 $451,667
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 18 $2,670,000 $148,333
BOULDER, CO 8 $2,640,000 $330,000
COLUMBUS, OH 19 $2,635,000 $138,684
DURHAM-CHAPEL HILL, NC 12 $2,550,000 $212,500
KANSAS CITY, MO-KS 11 $2,505,000 $227,727
RALEIGH-CARY, NC 10 $2,380,000 $238,000
DAPHNE-FAIRHOPE-FOLEY, AL 12 $2,330,000 $194,167
SALEM, OR 9 $2,245,000 $249,444
NAPLES-MARCO ISLAND, FL 6 $2,230,000 $371,667
NEW HAVEN-MILFORD, CT 5 $2,145,000 $429,000
HANFORD-CORCORAN, CA 13 $2,025,000 $155,769
PORT ST. LUCIE, FL 10 $1,980,000 $198,000
MEDFORD, OR 7 $1,925,000 $275,000
GREELEY, CO 8 $1,880,000 $235,000
PROVIDENCE-WARWICK, RI-MA 9 $1,865,000 $207,222
ALBUQUERQUE, NM 9 $1,855,000 $206,111
ST. GEORGE, UT 5 $1,835,000 $367,000
PHILADELPHIA, PA 9 $1,815,000 $201,667
GAINESVILLE, GA 5 $1,805,000 $361,000
OCEAN CITY, NJ 6 $1,800,000 $300,000
RICHMOND, VA 6 $1,720,000 $286,667
BOSTON, MA 4 $1,710,000 $427,500
CAPE CORAL-FORT MYERS, FL 6 $1,700,000 $283,333
KNOXVILLE, TN 6 $1,660,000 $276,667
BATON ROUGE, LA 13 $1,655,000 $127,308
OGDEN-CLEARFIELD, UT 6 $1,650,000 $275,000
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 10 $1,640,000 $164,000
CARSON CITY, NV 4 $1,550,000 $387,500
INDIANAPOLIS-CARMEL-ANDERSON, IN 12 $1,550,000 $129,167
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 6 $1,510,000 $251,667
WINSTON-SALEM, NC 4 $1,470,000 $367,500
SAVANNAH, GA 12 $1,450,000 $120,833
MEMPHIS, TN-MS-AR 9 $1,435,000 $159,444
CINCINNATI, OH-KY-IN 8 $1,420,000 $177,500
OLYMPIA-LACEY-TUMWATER, WA 4 $1,340,000 $335,000
JACKSON, MS 4 $1,300,000 $325,000
EL CENTRO, CA 6 $1,300,000 $216,667
CHARLESTON-NORTH CHARLESTON, SC 8 $1,270,000 $158,750
BIRMINGHAM-HOOVER, AL 8 $1,260,000 $157,500
DETROIT-DEARBORN-LIVONIA, MI 9 $1,225,000 $136,111
SEBASTIAN-VERO BEACH, FL 4 $1,220,000 $305,000
SPOKANE-SPOKANE VALLEY, WA 5 $1,215,000 $243,000
HILTON HEAD ISLAND-BLUFFTON, SC 4 $1,200,000 $300,000
CLEVELAND-ELYRIA, OH 7 $1,105,000 $157,857
TWIN FALLS, ID 6 $1,080,000 $180,000
WILMINGTON, NC 3 $1,075,000 $358,333
ELGIN, IL 4 $1,040,000 $260,000
TYLER, TX 2 $1,000,000 $500,000
LAKELAND-WINTER HAVEN, FL 6 $990,000 $165,000
PUEBLO, CO 4 $950,000 $237,500
GARY, IN 5 $945,000 $189,000
SANTA FE, NM 4 $930,000 $232,500
GRANTS PASS, OR 3 $915,000 $305,000
COLUMBIA, SC 4 $890,000 $222,500
GRAND JUNCTION, CO 3 $865,000 $288,333
ASHEVILLE, NC 4 $860,000 $215,000
SPARTANBURG, SC 5 $855,000 $171,000
OCALA, FL 4 $830,000 $207,500
LAKE COUNTY-KENOSHA COUNTY, IL-WI 7 $825,000 $117,857
BELLINGHAM, WA 3 $825,000 $275,000
AKRON, OH 4 $820,000 $205,000
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 2 $790,000 $395,000
GAINESVILLE, FL 2 $790,000 $395,000
HUNTSVILLE, AL 3 $785,000 $261,667
GREENSBORO-HIGH POINT, NC 4 $740,000 $185,000
GRAND RAPIDS-KENTWOOD, MI 3 $735,000 $245,000
CHARLOTTESVILLE, VA 2 $730,000 $365,000
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 5 $725,000 $145,000
MOUNT VERNON-ANACORTES, WA 2 $700,000 $350,000
ABILENE, TX 2 $700,000 $350,000
READING, PA 3 $675,000 $225,000
YUMA, AZ 4 $660,000 $165,000
KENNEWICK-RICHLAND, WA 3 $655,000 $218,333
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 2 $650,000 $325,000
OKLAHOMA CITY, OK 3 $635,000 $211,667
BISMARCK, ND 3 $635,000 $211,667
GREENVILLE-ANDERSON, SC 4 $620,000 $155,000
HARRISBURG-CARLISLE, PA 5 $615,000 $123,000
ST. LOUIS, MO-IL 3 $605,000 $201,667
ANCHORAGE, AK 1 $605,000 $605,000
SHERMAN-DENISON, TX 3 $585,000 $195,000
TULSA, OK 4 $580,000 $145,000
HAGERSTOWN-MARTINSBURG, MD-WV 3 $545,000 $181,667
HAMMOND, LA 5 $535,000 $107,000
FAYETTEVILLE, NC 3 $525,000 $175,000
MILWAUKEE-WAUKESHA, WI 2 $520,000 $260,000
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 2 $510,000 $255,000
AMARILLO, TX 3 $505,000 $168,333
MIDLAND, TX 2 $490,000 $245,000
LEXINGTON-FAYETTE, KY 1 $485,000 $485,000
ROCKFORD, IL 2 $480,000 $240,000
WORCESTER, MA-CT 2 $480,000 $240,000
GRAND FORKS, ND-MN 2 $470,000 $235,000
YAKIMA, WA 2 $470,000 $235,000
ROANOKE, VA 2 $460,000 $230,000
PENSACOLA-FERRY PASS-BRENT, FL 2 $440,000 $220,000
PUNTA GORDA, FL 3 $435,000 $145,000
MUNCIE, IN 4 $420,000 $105,000
DAYTON-KETTERING, OH 4 $410,000 $102,500
MORRISTOWN, TN 2 $410,000 $205,000
WINCHESTER, VA-WV 2 $410,000 $205,000
FORT WAYNE, IN 4 $410,000 $102,500
LOUISVILLE/JEFFERSON COUNTY, KY-IN 3 $405,000 $135,000
MCALLEN-EDINBURG-MISSION, TX 2 $390,000 $195,000
SHREVEPORT-BOSSIER CITY, LA 2 $390,000 $195,000
FLINT, MI 2 $390,000 $195,000
LOGAN, UT-ID 1 $375,000 $375,000
LANCASTER, PA 2 $370,000 $185,000
WICHITA, KS 2 $360,000 $180,000
BREMERTON-SILVERDALE-PORT ORCHARD, WA 2 $360,000 $180,000
MADISON, WI 2 $340,000 $170,000
WACO, TX 2 $330,000 $165,000
CHATTANOOGA, TN-GA 2 $320,000 $160,000
LONGVIEW, WA 2 $310,000 $155,000
DALTON, GA 1 $305,000 $305,000
POCATELLO, ID 1 $305,000 $305,000
ANN ARBOR, MI 1 $295,000 $295,000
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 1 $285,000 $285,000
GREENVILLE, NC 2 $280,000 $140,000
ROCKY MOUNT, NC 2 $280,000 $140,000
PANAMA CITY, FL 1 $275,000 $275,000
STAUNTON, VA 1 $265,000 $265,000
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 1 $265,000 $265,000
SEBRING-AVON PARK, FL 1 $255,000 $255,000
CORVALLIS, OR 1 $255,000 $255,000
CANTON-MASSILLON, OH 1 $245,000 $245,000
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 2 $240,000 $120,000
COLLEGE STATION-BRYAN, TX 2 $240,000 $120,000
CHARLESTON, WV 2 $240,000 $120,000
JACKSONVILLE, NC 2 $230,000 $115,000
LAFAYETTE, LA 1 $225,000 $225,000
HICKORY-LENOIR-MORGANTON, NC 1 $225,000 $225,000
AUGUSTA-RICHMOND COUNTY, GA-SC 1 $225,000 $225,000
ATLANTIC CITY-HAMMONTON, NJ 1 $225,000 $225,000
LUBBOCK, TX 2 $220,000 $110,000
BOWLING GREEN, KY 1 $215,000 $215,000
TALLAHASSEE, FL 2 $200,000 $100,000
MANCHESTER-NASHUA, NH 1 $195,000 $195,000
DES MOINES-WEST DES MOINES, IA 1 $185,000 $185,000
SPRINGFIELD, MA 1 $185,000 $185,000
MUSKEGON, MI 1 $185,000 $185,000
PORTLAND-SOUTH PORTLAND, ME 1 $185,000 $185,000
WILLIAMSPORT, PA 1 $185,000 $185,000
BROWNSVILLE-HARLINGEN, TX 2 $170,000 $85,000
SCRANTON--WILKES-BARRE, PA 1 $155,000 $155,000
CARBONDALE-MARION, IL 1 $155,000 $155,000
ALBANY-SCHENECTADY-TROY, NY 1 $155,000 $155,000
VINELAND-BRIDGETON, NJ 1 $155,000 $155,000
MONTGOMERY, AL 1 $155,000 $155,000
COLUMBUS, GA-AL 1 $145,000 $145,000
ALBANY, GA 1 $145,000 $145,000
AUBURN-OPELIKA, AL 1 $135,000 $135,000
ELKHART-GOSHEN, IN 1 $135,000 $135,000
LAS CRUCES, NM 1 $125,000 $125,000
EL PASO, TX 1 $125,000 $125,000
SOUTH BEND-MISHAWAKA, IN-MI 1 $125,000 $125,000
GREEN BAY, WI 1 $105,000 $105,000
KILLEEN-TEMPLE, TX 1 $105,000 $105,000
BEAUMONT-PORT ARTHUR, TX 1 $105,000 $105,000
KINGSPORT-BRISTOL, TN-VA 1 $105,000 $105,000
LYNCHBURG, VA 1 $105,000 $105,000
OMAHA-COUNCIL BLUFFS, NE-IA 1 $105,000 $105,000
CLEVELAND, TN 1 $105,000 $105,000
TEXARKANA, TX-AR 1 $105,000 $105,000
ST. JOSEPH, MO-KS 1 $95,000 $95,000
CLARKSVILLE, TN-KY 1 $95,000 $95,000
EAST STROUDSBURG, PA 1 $95,000 $95,000
DECATUR, AL 1 $85,000 $85,000
NEW BERN, NC 1 $85,000 $85,000
VALDOSTA, GA 1 $85,000 $85,000
WILMINGTON, DE-MD-NJ 1 $75,000 $75,000
TRENTON-PRINCETON, NJ 1 $75,000 $75,000

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
2.5-3% 574 $197,160,000 $343,484
3-4% 6,314 $2,252,760,000 $356,788
4-5% 2,294 $795,660,000 $346,844
5-6% 1,293 $609,455,000 $471,350
6-7% 1,371 $459,945,000 $335,481
7-8% 442 $135,400,000 $306,335
Over 8% 97 $22,865,000 $235,722

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 347 $28,745,000 $82,839
$100k-200k 1,658 $250,450,000 $151,055
$200k-400k 6,260 $1,892,540,000 $302,323
$400k-600k 3,264 $1,523,910,000 $466,884
$600k-1000k 632 $454,790,000 $719,604
$Over $1MM 224 $322,810,000 $1,441,116

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% 710 $208,950,000 $294,296
40-60% 2,434 $874,080,000 $359,113
60-80% 5,338 $1,953,950,000 $366,045
80-100% 1,395 $607,265,000 $435,315
Over 100% 4 $1,320,000 $330,000
Under 20% 105 $22,185,000 $211,286

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 3,394 $1,239,730,000 $365,271
$150k-250k 2,306 $947,220,000 $410,763
$50k-75k 1,510 $406,070,000 $268,921
$50k-or less 516 $98,590,000 $191,066
$75k-100k 2,008 $653,390,000 $325,393
$Over $250k 1,069 $668,855,000 $625,683

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 6,918 $2,481,910,000 $358,761
Not provided 3,463 $1,219,435,000 $352,133
Asian 1,391 $568,615,000 $408,781
Black 464 $151,520,000 $326,552
Native Hawaiian 74 $27,220,000 $367,838
American Indian 59 $19,245,000 $326,186
Asian Indian 3 $1,595,000 $531,667
Other Asian 3 $815,000 $271,667
Chinese 3 $805,000 $268,333
Filipino 3 $745,000 $248,333
Vietnamese 2 $710,000 $355,000
Native Hawiian 1 $445,000 $445,000
Other Pacific Islander 1 $185,000 $185,000

Approval Rates

Total approvals of all applications
75.86%

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
52.16%

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 12,385 $4,473,245,000 $361,182

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 4,843 $1,651,015,000 $340,907
$1k-2k 296 $127,360,000 $430,270
$2k-3k 278 $91,700,000 $329,856
$3k-4k 397 $133,145,000 $335,378
$5k+ 891 $563,915,000 $632,901

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 40 $7,390,000 $184,750
Single Family (1-4 Units):Site-Built 12,345 $4,465,855,000 $361,754