Certified Mortgage Rates, Fees & Info
El Monte, CALEI: 549300WXO2FZYE7KAW26
Tax ID: 95-6064741
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Certified is a smaller mortgage company specializing in Cash Out Refi, Home Improvement, and Refi loans. Certified has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, Oxnard, San Diego, and Las Vegas among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Certified has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
120Origination Dollar Volume (All Markets)
$28,990,000Top 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) | 66 | $16,990,000 | $257,424 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 41 | $9,015,000 | $219,878 | $0 | 0.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $1,310,000 | $327,500 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $0 | 0.00% |
| RENO, NV (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 120 | $28,990,000 | $241,583 | $0 | 0.00% |
For 2018, Certified's most frequently originated type of loan was Conventional, with 120 originations.
Loan Reason
For 2018, Certified's most frequently cited loan purpose was Cash Out Refi, with 46 originations. The 2nd most popular reason was Home Improvement, with 36 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 120 | $28,990,000 | $241,583 | $0 | 0.00% |
For 2018, Certified's most frequently cited loan duration was Other, with 120 originations.
Loan Sizing
2018 saw Certified place emphasis on $200k-400k loans with 45 originations, totaling $13,485,000 in origination value.
Applicant Income
Certified lent most frequently to those with incomes in the $50k-75k range, with 36 originations. The second most popular income band? $75k-100k, with 30 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 120 | $28,990,000 | $241,583 | $0 | 0.00% |
Certified lent most frequently to those with DTI ratios of Exempt%, with 120 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.95%
Certified has a below average approval rate.
Pick Rate
Approvals leading to origination88.33%
Certified has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 120 | $28,990,000 | $241,583 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 120 | $28,990,000 | $241,583 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Core Advisory Group, LLC | VA mortgage | Struggling to pay mortgage | 1 | 100.0% |