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 and Refi loans. Certified has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, San Diego, Oxnard, and Phoenix among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Certified 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.
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Originations
228Origination Dollar Volume (All Markets)
$74,620,000Top 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) | 135 | $47,405,000 | $351,148 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 48 | $13,980,000 | $291,250 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 16 | $4,500,000 | $281,250 | $0 | 0.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 10 | $3,630,000 | $363,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $0 | 0.00% |
| RENO, NV (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $0 | 0.00% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $0 | 0.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 0.00% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $0 | 0.00% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $0 | 0.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| MADERA, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 228 | $74,620,000 | $327,281 | $0 | 0.00% |
For 2020, Certified's most frequently originated type of loan was Conventional, with 228 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 181 | $57,085,000 | $315,387 | $0 | 0.00% |
| Refi | 43 | $15,835,000 | $368,256 | $0 | 0.00% |
| Home Purchase | 4 | $1,700,000 | $425,000 | $0 | 0.00% |
For 2020, Certified's most frequently cited loan purpose was Cash Out Refi, with 181 originations. The 2nd most popular reason was Refi, with 43 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 228 | $74,620,000 | $327,281 | $0 | 0.00% |
For 2020, Certified's most frequently cited loan duration was Other, with 228 originations.
Loan Sizing
2020 saw Certified place emphasis on $200k-400k loans with 107 originations, totaling $32,685,000 in origination value.
Applicant Income
Certified lent most frequently to those with incomes in the $100k-150k range, with 59 originations. The second most popular income band? $50k-75k, with 50 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 228 | $74,620,000 | $327,281 | $0 | 0.00% |
Certified lent most frequently to those with DTI ratios of Exempt%, with 228 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.29%
Certified has an average approval rate.
Pick Rate
Approvals leading to origination81.14%
Certified has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 228 | $74,620,000 | $327,281 |