Crestmark Mortgage Company Ltd. Rates, Fees & Info

HOUSTON, TX

LEI: 549300Z4DV0VEDFHP667

Tax ID: 20-8693961

1 stars - out of 5 stars, based on 42 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Crestmark Mortgage Company Ltd. is a smaller mortgage company specializing in Home Purchase loans. Crestmark Mortgage Company Ltd. has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include Houston, Dallas, San Antonio, Austin, and Sherman among others. Crestmark Mortgage Company Ltd. has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Crestmark Mortgage Company Ltd. is typically a high fee lendor.


Originations

1,738

Origination Dollar Volume (All Markets)

$677,240,000

Awards

CRESTMARK MORTGAGE COMPANY LTD. 30 Year Conventional Loans bronze CRESTMARK MORTGAGE COMPANY LTD. 30 Year Conventional Loans bronze
Show all (2) awards

Relative Rate

Crestmark Mortgage Company Ltd.'s average 30 year fixed rate mortgage of loans were 3%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.15%.

Relative Fees

Crestmark Mortgage Company Ltd.'s average total fees for a 30 year fixed rate mortgage are $10,374.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 803 $296,165,000 $368,823 $9,870 2.94%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 379 $156,105,000 $411,887 $10,498 2.92%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 324 $127,380,000 $393,148 $9,897 2.94%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 218 $92,390,000 $423,807 $11,084 3.04%
SHERMAN-DENISON, TX (FHA|USDA|VA) 7 $2,995,000 $427,857 $10,805 2.95%
CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $620,000 $310,000 $6,652 2.94%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $535,000 $535,000 $18,732 2.38%
Athens, TX (FHA|USDA|VA) 1 $425,000 $425,000 $9,817 3.25%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $245,000 $245,000 $11,506 3.25%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $215,000 $215,000 $5,228 3.50%
Outside of Metro Areas 1 $165,000 $165,000 $0 3.63%

Crestmark Mortgage Company Ltd.'s top markets include Houston, Dallas, San Antonio, Austin, and Sherman among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,368 $520,300,000 $380,336 $9,991 2.96%
VA 238 $110,590,000 $464,664 $8,308 2.82%
FHA 132 $46,350,000 $351,136 $15,357 3.10%

For the 2021 period, Crestmark Mortgage Company Ltd.'s most frequently originated loan type of loans were Conventional, with 1,368 originations. Their 2nd most popular type is VA, with 238 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 1,655 $652,985,000 $394,553 $10,323 2.95%
Refi 62 $17,280,000 $278,710 $6,622 2.88%
Cash Out Refi 20 $6,550,000 $327,500 $8,025 3.48%
Other 1 $425,000 $425,000 $9,817 3.25%

For the 2021, Crestmark Mortgage Company Ltd.'s most frequently cited loan purpose of loans were Home Purchase, with 1,655 originations. The 2nd most popular reason of loans were Refi, with 62 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,575 $626,135,000 $397,546 $10,374 3.00%
15 Year 132 $40,050,000 $303,409 $7,869 2.38%
20 Year 23 $8,555,000 $371,957 $10,356 2.79%
Other 6 $1,790,000 $298,333 $7,269 3.29%
10 Year 2 $710,000 $355,000 $7,137 2.56%

For the 2021, Crestmark Mortgage Company Ltd.'s most frequently cited loan length of loans were 30 Year, with 1,575 originations. The 2nd most popular length of loans were 15 Year, with 132 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$5k+ 931 $405,945,000 $436,031
$3k-4k 463 $142,195,000 $307,117
$<1k 220 $84,550,000 $384,318
$1k-2k 65 $25,435,000 $391,308
$2k-3k 33 $12,205,000 $369,848

$10,374 of loans were Crestmark Mortgage Company Ltd.'s average total fees, while their most frequently occuring range of origination fees were in the $5k+ bucket, with 931 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 774 $301,330,000 $389,315
3-4% 699 $278,495,000 $398,419
<2.5% 252 $93,330,000 $370,357
4-5% 13 $4,085,000 $314,231

During 2021, Crestmark Mortgage Company Ltd.'s average interest rate of loans were 3.00%, while their most frequently originated rate bucket of loans were 2.5-3%, with 774 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 886 $290,480,000 $327,856 $9,434 2.93%
$400k-600k 718 $338,190,000 $471,017 $11,417 2.95%
$100k-200k 72 $11,040,000 $153,333 $4,051 3.06%
$600k-1MM 54 $35,920,000 $665,185 $13,552 3.08%
$100,000 or less 7 $605,000 $86,429 $2,070 3.30%
$1MM+ 1 $1,005,000 $1,005,000 $19,847 3.38%

2021 saw Crestmark Mortgage Company Ltd. place emphasis on $200k-400k loans with 886 originations, totaling $290,480,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 644 $248,530,000 $385,916 $9,992 2.92%
$150k-250k 524 $226,130,000 $431,546 $10,921 2.95%
$75k-100k 295 $101,665,000 $344,627 $9,734 2.98%
$250k+ 147 $65,235,000 $443,776 $11,266 2.99%
$50k-75k 119 $33,705,000 $283,235 $7,896 2.94%
$50k or less 9 $1,975,000 $219,444 $6,381 3.13%

Crestmark Mortgage Company Ltd. lent most frequently to those with incomes in the $100k-150k range, with 644 originations. The second most popular income band? $150k-250k, with 524 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 329 $122,145,000 $371,261 $9,793 2.90%
30-36% 294 $116,640,000 $396,735 $10,296 2.91%
50-60% 122 $50,660,000 $415,246 $11,195 2.96%
44% 85 $33,435,000 $393,353 $9,766 2.98%
42% 81 $31,555,000 $389,568 $9,890 2.95%
43% 79 $31,205,000 $395,000 $10,253 3.06%
49% 73 $28,955,000 $396,644 $10,890 3.00%
40% 72 $28,610,000 $397,361 $9,666 2.94%
<20% 71 $24,405,000 $343,732 $8,651 2.83%
39% 71 $27,875,000 $392,606 $10,239 2.97%
41% 69 $27,195,000 $394,130 $10,655 3.07%
48% 66 $25,980,000 $393,636 $10,441 3.10%
36% 61 $22,785,000 $373,525 $10,413 2.92%
38% 60 $24,030,000 $400,500 $9,916 3.00%
45% 57 $22,905,000 $401,842 $10,261 2.93%
37% 51 $21,095,000 $413,627 $10,260 2.93%
47% 44 $17,080,000 $388,182 $10,395 2.99%
46% 43 $16,495,000 $383,605 $10,579 2.94%
>60% 10 $4,190,000 $419,000 $11,017 2.96%

Crestmark Mortgage Company Ltd. lent most frequently to those with DTI ratios of 20-30%, with 329 originations. The next most common DTI ratio? 30-36%, with 294 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 865 $327,715,000 $378,861 $10,039 2.94%
Black 245 $101,565,000 $414,551 $10,442 3.02%
Not provided 241 $94,855,000 $393,589 $10,113 2.98%
Asian 224 $88,110,000 $393,348 $10,370 2.91%
American Indian 73 $27,765,000 $380,342 $9,915 2.87%
Asian Indian 55 $23,585,000 $428,818 $11,088 2.90%
Other Asian 14 $5,490,000 $392,143 $9,438 2.94%
Filipino 9 $3,785,000 $420,556 $10,228 3.06%
Chinese 4 $1,540,000 $385,000 $10,826 2.66%
Vietnamese 2 $1,000,000 $500,000 $12,294 2.75%
Other Pacific Islander 3 $915,000 $305,000 $8,764 2.71%
Native Hawaiian 1 $455,000 $455,000 $11,085 3.13%
Korean 1 $305,000 $305,000 $8,519 2.88%
Japanese 1 $155,000 $155,000 $1,960 2.75%

Approval Rates

Total approvals of all applications
97.87%

Crestmark Mortgage Company Ltd. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
73.75%

Crestmark Mortgage Company Ltd. has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,738 $677,240,000 $389,666

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,738 $677,240,000 $389,666

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 53 $9,045,000 $170,660 $4,226 2.80%
40-60% 127 $34,635,000 $272,717 $7,363 2.80%
60-80% 485 $183,365,000 $378,072 $10,108 2.94%
80-100% 1,030 $430,990,000 $418,437 $10,537 2.98%
Over 100% 39 $18,785,000 $481,667 $19,150 2.90%
Under 20% 4 $420,000 $105,000 $1,938 2.94%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Christensen Financial, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%