Crestmark Mortgage Company Ltd. Rates, Fees & Info
HOUSTON, TXLEI: 549300Z4DV0VEDFHP667
Tax ID: 20-8693961
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
1,738Origination Dollar Volume (All Markets)
$677,240,000Awards
CRESTMARK MORTGAGE COMPANY LTD. - 2021
CRESTMARK MORTGAGE COMPANY LTD. is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 applications97.87%
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 origination73.75%
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% |
