Closing Mark Home Loans Mortgage Rates, Fees & Info

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LEI: 549300UL36AJZ0WZ4U93

Tax ID: 95-3821253

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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

    Closing Mark Home Loans is a mid-sized mortgage company specializing in Home Purchase loans. Closing Mark Home Loans has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA 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: Phoenix, Austin, Houston, Dallas, and Orlando among others. We have data for 66 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Closing Mark Home Loans 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. Closing Mark Home Loans 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.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    8,842

    Origination Dollar Volume (All Markets)

    $3,149,630,000
    Show all (22) 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
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1,484 $518,490,000 $349,387 $7,336 3.17%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 912 $311,290,000 $341,327 $7,482 3.11%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 661 $243,595,000 $368,525 $9,158 3.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 657 $241,195,000 $367,116 $7,703 3.13%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 705 $214,205,000 $303,837 $7,402 3.09%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 455 $164,465,000 $361,462 $6,589 3.03%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 340 $144,870,000 $426,088 $7,173 3.08%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 409 $143,425,000 $350,672 $8,244 3.01%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 400 $136,100,000 $340,250 $6,562 3.09%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 400 $123,960,000 $309,900 $6,247 3.12%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 304 $122,420,000 $402,697 $7,812 3.22%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 165 $92,205,000 $558,818 $9,003 3.28%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 154 $74,090,000 $481,104 $7,545 3.10%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 125 $71,935,000 $575,480 $9,291 3.25%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 225 $71,215,000 $316,511 $7,076 3.11%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 202 $71,200,000 $352,475 $6,060 2.99%
    RALEIGH-CARY, NC (FHA|USDA|VA) 170 $53,830,000 $316,647 $5,941 3.20%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 141 $47,445,000 $336,489 $6,859 3.26%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 129 $46,425,000 $359,884 $6,366 3.10%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 102 $29,950,000 $293,627 $4,421 3.19%
    JACKSONVILLE, FL (FHA|USDA|VA) 83 $26,975,000 $325,000 $6,911 3.08%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 115 $26,455,000 $230,043 $6,521 3.32%
    FORT COLLINS, CO (FHA|USDA|VA) 53 $20,965,000 $395,566 $5,850 3.25%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 46 $19,780,000 $430,000 $7,562 3.39%
    BOULDER, CO (FHA|USDA|VA) 43 $18,405,000 $428,023 $4,685 3.27%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 56 $13,660,000 $243,929 $8,110 3.13%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 31 $12,915,000 $416,613 $6,387 2.96%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 13 $11,685,000 $898,846 $13,578 3.10%
    STOCKTON, CA (FHA|USDA|VA) 31 $10,645,000 $343,387 $6,584 3.00%
    Pahrump, NV (FHA|USDA|VA) 34 $8,220,000 $241,765 $6,918 3.21%
    NAPA, CA (FHA|USDA|VA) 14 $7,660,000 $547,143 $9,214 2.88%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 24 $6,790,000 $282,917 $4,622 3.07%
    RENO, NV (FHA|USDA|VA) 21 $6,155,000 $293,095 $4,133 3.95%
    GAINESVILLE, GA (FHA|USDA|VA) 18 $5,300,000 $294,444 $5,935 2.99%
    EL CENTRO, CA (FHA|USDA|VA) 28 $4,700,000 $167,857 $5,563 3.31%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 14 $4,630,000 $330,714 $5,448 3.21%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 18 $3,920,000 $217,778 $5,036 3.15%
    SALT LAKE CITY, UT (FHA|USDA|VA) 11 $3,825,000 $347,727 $5,607 3.55%
    GREELEY, CO (FHA|USDA|VA) 5 $2,475,000 $495,000 $6,633 3.13%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 4 $1,040,000 $260,000 $5,516 3.41%
    MODESTO, CA (FHA|USDA|VA) 5 $1,005,000 $201,000 $7,326 3.33%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 2 $910,000 $455,000 $7,414 3.44%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 2 $830,000 $415,000 $9,296 3.38%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $735,000 $735,000 $11,085 3.63%
    Fernley, NV (FHA|USDA|VA) 3 $735,000 $245,000 $5,030 3.63%
    MEDFORD, OR (FHA|USDA|VA) 3 $715,000 $238,333 $5,607 3.71%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $680,000 $340,000 $10,654 3.81%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $515,000 $515,000 $5,004 3.25%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $510,000 $255,000 $6,800 2.75%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $385,000 $385,000 $3,996 3.63%
    Hood River, OR (FHA|USDA|VA) 1 $365,000 $365,000 $18,419 3.38%
    YUBA CITY, CA (FHA|USDA|VA) 1 $295,000 $295,000 $9,019 4.13%
    PROVO-OREM, UT (FHA|USDA|VA) 1 $295,000 $295,000 $5,080 3.25%
    CARSON CITY, NV (FHA|USDA|VA) 1 $285,000 $285,000 $2,608 3.50%
    BOISE CITY, ID (FHA|USDA|VA) 1 $275,000 $275,000 $6,862 3.63%
    Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $275,000 $275,000 $3,517 3.25%
    BEND, OR (FHA|USDA|VA) 1 $265,000 $265,000 $4,431 3.25%
    Cedar City, UT (FHA|USDA|VA) 1 $265,000 $265,000 $8,709 3.50%
    Outside of Metro Areas 2 $260,000 $130,000 $3,291 3.56%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $245,000 $245,000 $3,871 2.88%
    EL PASO, TX (FHA|USDA|VA) 1 $245,000 $245,000 $13,270 3.00%
    TUCSON, AZ (FHA|USDA|VA) 2 $240,000 $120,000 $3,725 3.69%
    GOLDSBORO, NC (FHA|USDA|VA) 1 $205,000 $205,000 $7,229 2.50%
    GRANTS PASS, OR (FHA|USDA|VA) 1 $195,000 $195,000 $4,894 2.88%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $195,000 $195,000 $6,387 3.38%
    SALINAS, CA (FHA|USDA|VA) 1 $195,000 $195,000 $3,039 3.25%
    Closing Mark Home Loans's top markets include Phoenix, Austin, Houston, Dallas, and Orlando among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against CLOSING MARK HOME LOANS based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Great Basin Federal Credit Union
    Similarity Rank: 168
    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 330
    Chaffey Federal Credit Union
    Similarity Rank: 345
    METROPLEX MORTGAGE SERVICES, INC.
    Similarity Rank: 372
    TRISTAR FINANCE, INC.
    Similarity Rank: 378
    MANHATTAN FINANCIAL GROUP, INC.
    Similarity Rank: 384
    AAXY L.L.C.
    Similarity Rank: 387
    People's Community Federal Credit Union
    Similarity Rank: 434
    BOURNS EMPLOYEES FEDERAL CREDIT UNION
    Similarity Rank: 486
    CASTPARTS EMPLOYEES
    Similarity Rank: 524

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 7,168 $2,573,070,000 $358,966 $6,452 3.15%
    FHA 951 $291,695,000 $306,725 $11,154 3.02%
    VA 706 $280,610,000 $397,465 $11,080 2.94%
    USDA 16 $4,070,000 $254,375 $8,384 3.51%
    FHA 1 $185,000 $185,000 $0 3.48%

    For 2020, Closing Mark Home Loans's most frequently originated type of loan was Conventional, with 7,168 originations. Their 2nd most popular type was FHA, with 951 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 8,643 $3,081,935,000 $356,582 $7,388 3.12%
    Refi 130 $45,760,000 $352,000 $4,508 3.25%
    Cash Out Refi 66 $21,130,000 $320,152 $5,437 3.71%
    Other 3 $805,000 $268,333 $5,513 4.08%

    For 2020, Closing Mark Home Loans's most frequently cited loan purpose was Home Purchase, with 8,643 originations. The 2nd most popular reason was Refi, with 130 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 8,323 $2,993,115,000 $359,620 $7,404 3.14%
    15 Year 445 $136,335,000 $306,371 $6,253 2.76%
    20 Year 50 $16,640,000 $332,800 $6,687 3.17%
    10 Year 14 $2,420,000 $172,857 $4,233 3.18%
    3 Year 7 $45,000 $6,429 $0 0.00%
    Other 3 $1,075,000 $358,333 $4,961 3.41%

    For 2020, Closing Mark Home Loans's most frequently cited loan duration was 30 Year, with 8,323 originations. The 2nd most popular length was 15 Year, with 445 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 3,966 $1,372,560,000 $346,082
    $2k-3k 1,772 $647,030,000 $365,141
    $5k+ 1,057 $471,915,000 $446,466
    $3k-4k 956 $326,450,000 $341,475
    $4k-5k 673 $247,725,000 $368,091
    $<1k 415 $83,035,000 $200,084

    Closing Mark Home Loans's average total fees were $7,404, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,966 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 4,005 $1,422,725,000 $355,237
    2.5-3% 3,192 $1,165,060,000 $364,994
    <2.5% 1,240 $440,250,000 $355,040
    4-5% 375 $114,375,000 $305,000
    5-6% 23 $5,775,000 $251,087
    6-7% 2 $1,120,000 $560,000
    Over 8% 1 $295,000 $295,000

    During 2020, Closing Mark Home Loans's average interest rate for loans was 3.14%, while their most frequently originated rate bucket for loans was 3-4%, with 4,005 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 5,146 $1,568,860,000 $304,870 $7,055 3.13%
    $400k-600k 2,661 $1,257,145,000 $472,433 $8,131 3.07%
    $100k-200k 581 $93,285,000 $160,559 $4,908 3.40%
    $600k-1MM 299 $209,425,000 $700,418 $11,826 3.24%
    $100,000 or less 143 $6,475,000 $45,280 $1,632 2.55%
    $1MM+ 12 $14,440,000 $1,203,333 $20,820 3.07%

    2020 saw Closing Mark Home Loans place emphasis on $200k-400k loans with 5,146 originations, totaling $1,568,860,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 2,832 $1,054,860,000 $372,479 $7,321 3.11%
    $150k-250k 2,009 $856,725,000 $426,444 $7,633 3.13%
    $75k-100k 1,679 $536,545,000 $319,562 $7,348 3.12%
    $50k-75k 1,354 $353,140,000 $260,812 $6,984 3.10%
    $250k+ 608 $277,200,000 $455,921 $8,044 3.18%
    $50k or less 340 $64,190,000 $188,794 $5,753 3.19%

    Closing Mark Home Loans lent most frequently to those with incomes in the $100k-150k range, with 2,832 originations. The second most popular income band? $150k-250k, with 2,009 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,874 $673,490,000 $359,386 $6,814 3.09%
    30-36% 1,561 $573,325,000 $367,281 $7,086 3.12%
    <20% 548 $182,810,000 $333,595 $6,120 3.05%
    50-60% 503 $171,365,000 $340,686 $10,985 3.00%
    44% 362 $121,470,000 $335,552 $7,157 3.21%
    37% 350 $129,490,000 $369,971 $7,219 3.19%
    43% 348 $120,170,000 $345,316 $7,088 3.15%
    40% 343 $123,795,000 $360,918 $7,252 3.19%
    42% 339 $121,075,000 $357,153 $7,457 3.12%
    41% 338 $119,950,000 $354,882 $7,375 3.16%
    38% 308 $112,530,000 $365,357 $7,167 3.17%
    45% 307 $107,445,000 $349,984 $7,402 3.14%
    36% 300 $110,610,000 $368,700 $7,400 3.14%
    39% 293 $105,965,000 $361,655 $7,318 3.17%
    48% 276 $96,680,000 $350,290 $7,771 3.11%
    47% 265 $92,565,000 $349,302 $7,722 3.15%
    46% 258 $91,630,000 $355,155 $7,596 3.17%
    49% 244 $85,830,000 $351,762 $7,216 3.18%
    >60% 25 $9,435,000 $377,400 $10,409 3.11%

    Closing Mark Home Loans lent most frequently to those with DTI ratios of 20-30%, with 1,874 originations. The next most common DTI ratio? 30-36%, with 1,561 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,422 $1,863,750,000 $343,738 $7,119 3.14%
    Asian 1,450 $597,450,000 $412,034 $7,611 3.06%
    Not provided 1,079 $373,535,000 $346,186 $7,504 3.14%
    Black 726 $250,200,000 $344,628 $8,002 3.06%
    American Indian 71 $26,205,000 $369,085 $8,576 3.14%
    Asian Indian 33 $14,545,000 $440,758 $6,531 3.08%
    Filipino 24 $9,760,000 $406,667 $7,070 3.04%
    Native Hawaiian or Islander 18 $6,540,000 $363,333 $8,318 3.16%
    Chinese 10 $4,070,000 $407,000 $6,601 3.01%
    Vietnamese 4 $1,680,000 $420,000 $7,383 3.19%
    Other Asian 2 $750,000 $375,000 $6,467 3.69%
    Japanese 1 $595,000 $595,000 $6,485 2.88%
    Native Hawaiian 1 $335,000 $335,000 $5,924 3.13%
    Guamanian 1 $215,000 $215,000 $8,921 4.13%

    Approval Rates

    Total approvals of all applications
    96.60%

    Closing Mark Home Loans 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
    73.24%

    Closing Mark Home Loans has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 8,842 $3,149,630,000 $356,212

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 8 $1,350,000 $168,750
    Single Family (1-4 Units):Site-Built 8,834 $3,148,280,000 $356,382

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 314 $51,860,000 $165,159 $4,438 3.27%
    40-60% 681 $191,725,000 $281,535 $5,915 3.04%
    60-80% 2,555 $962,685,000 $376,785 $6,756 3.14%
    80-100% 4,990 $1,862,330,000 $373,212 $7,728 3.14%
    Over 100% 187 $75,975,000 $406,283 $18,207 2.96%
    Under 20% 115 $5,055,000 $43,957 $1,446 2.28%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    CALCON MUTUAL MORTGAGE LLC DBA ONETRUST HOME LOANS Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    CALCON MUTUAL MORTGAGE LLC DBA ONETRUST HOME LOANS Conventional home mortgage Trouble during payment process 1 50.0%