Certified Mortgage Rates, Fees & Info

El Monte, CA

LEI: 549300WXO2FZYE7KAW26

Tax ID: 95-6064741

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Certified is a smaller mortgage company specializing in Cash Out Refi loans. Certified has a high proportion of conventional loans. Their top markets include Los Angeles, Riverside, San Diego, Oxnard, and Las Vegas among others. Certified has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

291

Origination Dollar Volume (All Markets)

$91,865,000

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 153 $53,025,000 $346,569 $0 0.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 65 $19,035,000 $292,846 $0 0.00%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 24 $7,730,000 $322,083 $0 0.00%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 11 $5,065,000 $460,455 $0 0.00%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 8 $1,120,000 $140,000 $0 0.00%
BAKERSFIELD, CA (FHA|USDA|VA) 8 $1,020,000 $127,500 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $990,000 $495,000 $0 0.00%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 4 $910,000 $227,500 $0 0.00%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $650,000 $325,000 $0 0.00%
Outside of Metro Areas 3 $515,000 $171,667 $0 0.00%
VALLEJO, CA (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
VISALIA, CA (FHA|USDA|VA) 2 $330,000 $165,000 $0 0.00%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
STOCKTON, CA (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
MADERA, CA (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
FRESNO, CA (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
REDDING, CA (FHA|USDA|VA) 2 $80,000 $40,000 $0 0.00%
YUMA, AZ (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%

Certified's top markets include Los Angeles, Riverside, San Diego, Oxnard, and Las Vegas among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 291 $91,865,000 $315,687 $0 0.00%

For the 2021 period, Certified's most frequently originated loan type of loans were Conventional, with 291 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 222 $70,730,000 $318,604 $0 0.00%
Refi 53 $15,555,000 $293,491 $0 0.00%
Home Purchase 12 $5,410,000 $450,833 $0 0.00%
Home Improvement 4 $170,000 $42,500 $0 0.00%

For the 2021, Certified's most frequently cited loan purpose of loans were Cash Out Refi, with 222 originations. The 2nd most popular reason of loans were Refi, with 53 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 291 $91,865,000 $315,687 $0 0.00%

For the 2021, Certified's most frequently cited loan length of loans were Other, with 291 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 127 $36,945,000 $290,906 $0 0.00%
$400k-600k 56 $26,440,000 $472,143 $0 0.00%
$100k-200k 51 $7,895,000 $154,804 $0 0.00%
$100,000 or less 35 $1,965,000 $56,143 $0 0.00%
$600k-1MM 19 $13,565,000 $713,947 $0 0.00%
$1MM+ 3 $5,055,000 $1,685,000 $0 0.00%

2021 saw Certified place emphasis on $200k-400k loans with 127 originations, totaling $36,945,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 80 $26,240,000 $328,000 $0 0.00%
$50k-75k 64 $15,320,000 $239,375 $0 0.00%
$75k-100k 58 $15,630,000 $269,483 $0 0.00%
$150k-250k 44 $19,660,000 $446,818 $0 0.00%
$50k or less 35 $5,975,000 $170,714 $0 0.00%
$250k+ 10 $9,040,000 $904,000 $0 0.00%

Certified lent most frequently to those with incomes in the $100k-150k range, with 80 originations. The second most popular income band? $50k-75k, with 64 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 291 $91,865,000 $315,687 $0 0.00%

Certified lent most frequently to those with DTI ratios of Exempt%, with 291 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 249 $77,305,000 $310,462 $0 0.00%
Black 16 $6,050,000 $378,125 $0 0.00%
Asian 15 $5,255,000 $350,333 $0 0.00%
Native Hawaiian 3 $1,495,000 $498,333 $0 0.00%
Not provided 7 $1,475,000 $210,714 $0 0.00%
Asian Indian 1 $285,000 $285,000 $0 0.00%

Approval Rates

Total approvals of all applications
88.73%

Certified has an average approval rate.

Pick Rate

Approvals leading to origination
84.14%

Certified has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
Exempt 291 $91,865,000 $315,687

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
291 $91,865,000 $315,687

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Credible Labs Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 4 100.0%