Certified Mortgage Rates, Fees & Info
El Monte, CALEI: 549300WXO2FZYE7KAW26
Tax ID: 95-6064741
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Mortgage Data
Review & Overview
Certified is a smaller mortgage company specializing in Cash Out Refi loans. Certified has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, San Diego, Oxnard, and Las Vegas among others. We have data for 11 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
149Origination Dollar Volume (All Markets)
$38,215,000Top 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) | 92 | $23,260,000 | $252,826 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 29 | $7,735,000 | $266,724 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 11 | $3,245,000 | $295,000 | $0 | 0.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $1,520,000 | $380,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 5 | $685,000 | $137,000 | $0 | 0.00% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 0.00% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 0.00% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| REDDING, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 149 | $38,215,000 | $256,477 | $0 | 0.00% |
For 2019, Certified's most frequently originated type of loan was Conventional, with 149 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 126 | $32,120,000 | $254,921 | $0 | 0.00% |
| Refi | 13 | $2,825,000 | $217,308 | $0 | 0.00% |
| Home Purchase | 10 | $3,270,000 | $327,000 | $0 | 0.00% |
For 2019, Certified's most frequently cited loan purpose was Cash Out Refi, with 126 originations. The 2nd most popular reason was Refi, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 149 | $38,215,000 | $256,477 | $0 | 0.00% |
For 2019, Certified's most frequently cited loan duration was Other, with 149 originations.
Loan Sizing
2019 saw Certified place emphasis on $200k-400k loans with 54 originations, totaling $17,100,000 in origination value.
Applicant Income
Certified lent most frequently to those with incomes in the $100k-150k range, with 37 originations. The second most popular income band? $50k-75k, with 34 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 149 | $38,215,000 | $256,477 | $0 | 0.00% |
Certified lent most frequently to those with DTI ratios of Exempt%, with 149 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 130 | $31,110,000 | $239,308 | $0 | 0.00% |
| Asian | 13 | $5,115,000 | $393,462 | $0 | 0.00% |
| Black | 6 | $1,990,000 | $331,667 | $0 | 0.00% |
Approval Rates
Total approvals of all applications87.86%
Certified has an average approval rate.
Pick Rate
Approvals leading to origination83.22%
Certified has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 149 | $38,215,000 | $256,477 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 149 | $38,215,000 | $256,477 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Credible Labs Inc. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |