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
Jump to:
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 19 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.
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
291Origination Dollar Volume (All Markets)
$91,865,000Top 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) | 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% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 291 | $91,865,000 | $315,687 | $0 | 0.00% |
For 2021, Certified's most frequently originated type of loan was Conventional, with 291 originations.
Loan Reason
For 2021, Certified's most frequently cited loan purpose was Cash Out Refi, with 222 originations. The 2nd most popular reason was 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 2021, Certified's most frequently cited loan duration was Other, with 291 originations.
Loan Sizing
2021 saw Certified place emphasis on $200k-400k loans with 127 originations, totaling $36,945,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications91.42%
Certified has an average approval rate.
Pick Rate
Approvals leading to origination85.22%
Certified has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 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% |