Customer Service Mortgage Corporation Rates, Fees & Info
WESTLAKE VILLAGE, CALEI: 549300WZCZNKQZ3TAU55
Tax ID: 81-1679932
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Mortgage Data
Review & Overview
Customer Service Mortgage Corporation is a smaller mortgage company specializing in Refi and Home Purchase loans. Customer Service Mortgage Corporation has a high proportion of conventional loans. Their top markets by origination volume include: Oxnard, Los Angeles, Riverside, San Diego, and Bakersfield among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)Customer Service Mortgage Corporation has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Customer Service Mortgage Corporation is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.74% | 4/21/24 |
| 30 Year Conventional Refi | 6.45% | 4/21/24 |
| 30 Year Cash-out Refi | 6.61% | 4/21/24 |
| 30 Year FHA Purchase | 7.19% | 4/21/24 |
| 30 Year VA Purchase | 5.96% | 4/21/24 |
| 30 Year VA Refi | 6.27% | 4/21/24 |
| 15 Year Conventional Refi | 5.97% | 4/21/24 |
| 15 Year Cash-out Refi | 5.97% | 4/21/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Customer Service Mortgage Corporation Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,644Origination Dollar Volume (All Markets)
$775,720,000Awards
CUSTOMER SERVICE MORTGAGE CORPORATION - 2021
CUSTOMER SERVICE MORTGAGE CORPORATION is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Top 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 |
|---|---|---|---|---|---|
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 901 | $419,535,000 | $465,633 | $5,071 | 2.93% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 595 | $298,045,000 | $500,916 | $5,173 | 2.96% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 49 | $18,185,000 | $371,122 | $4,275 | 2.95% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 21 | $11,265,000 | $536,429 | $5,977 | 2.98% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 21 | $5,355,000 | $255,000 | $4,334 | 2.96% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 5 | $4,745,000 | $949,000 | $5,678 | 3.05% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 8 | $3,600,000 | $450,000 | $6,766 | 2.91% |
| FRESNO, CA (FHA|USDA|VA) | 11 | $2,695,000 | $245,000 | $3,998 | 3.28% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 5 | $2,655,000 | $531,000 | $4,020 | 3.07% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 7 | $2,315,000 | $330,714 | $3,535 | 2.86% |
| STOCKTON, CA (FHA|USDA|VA) | 3 | $1,215,000 | $405,000 | $3,929 | 3.08% |
| Outside of Metro Areas | 3 | $1,035,000 | $345,000 | $4,540 | 3.00% |
| VISALIA, CA (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $4,138 | 3.21% |
| NAPA, CA (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $4,705 | 3.04% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $5,339 | 3.38% |
| CHICO, CA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $3,975 | 3.00% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,235 | 2.50% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,378 | 3.38% |
| Sonora, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $6,285 | 3.63% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,913 | 4.13% |
| MADERA, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,299 | 3.13% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,416 | 2.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against CUSTOMER SERVICE MORTGAGE CORPORATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,594 | $745,790,000 | $467,873 | $4,891 | 2.96% |
| VA | 50 | $29,930,000 | $598,600 | $10,809 | 2.57% |
For 2021, Customer Service Mortgage Corporation's most frequently originated type of loan was Conventional, with 1,594 originations. Their 2nd most popular type was VA, with 50 originations.
Loan Reason
For 2021, Customer Service Mortgage Corporation's most frequently cited loan purpose was Refi, with 874 originations. The 2nd most popular reason was Home Purchase, with 440 originations.
Loan Duration/Length
For 2021, Customer Service Mortgage Corporation's most frequently cited loan duration was 30 Year, with 1,493 originations. The 2nd most popular length was 15 Year, with 95 originations.
Origination Fees/Closing Costs
Customer Service Mortgage Corporation's average total fees were $5,215, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,472 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 814 | $371,310,000 | $456,155 |
| 3-4% | 584 | $305,640,000 | $523,356 |
| <2.5% | 237 | $94,145,000 | $397,236 |
| 4-5% | 8 | $3,890,000 | $486,250 |
| 5-6% | 1 | $735,000 | $735,000 |
During 2021, Customer Service Mortgage Corporation's average interest rate for loans was 2.99%, while their most frequently originated rate bucket for loans was 2.5-3%, with 814 originations.
Loan Sizing
2021 saw Customer Service Mortgage Corporation place emphasis on $400k-600k loans with 672 originations, totaling $333,630,000 in origination value.
Applicant Income
Customer Service Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 518 originations. The second most popular income band? $150k-250k, with 446 originations.
Applicant Debt to Income Ratio
Customer Service Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 286 originations. The next most common DTI ratio? 20-30%, with 283 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.39%
Customer Service Mortgage Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination90.82%
Customer Service Mortgage Corporation has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,644 | $775,720,000 | $471,849 |