Crowdcopia Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 9845001ADACA7A75EE02
Tax ID: 81-3473847
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Mortgage Data
Review & Overview
Crowdcopia is a smaller mortgage company specializing in Home Purchase loans. Crowdcopia has a high proportion of conventional loans. Their top two markets are Philadelphia and Scranton .Crowdcopia 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
127Origination Dollar Volume (All Markets)
$23,295,000Top 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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 107 | $21,085,000 | $197,056 | $0 | 12.00% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 20 | $2,210,000 | $110,500 | $0 | 12.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 127 | $23,295,000 | $183,425 | $0 | 12.00% |
For 2023, Crowdcopia's most frequently originated type of loan was Conventional, with 127 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 127 | $23,295,000 | $183,425 | $0 | 12.00% |
For 2023, Crowdcopia's most frequently cited loan purpose was Home Purchase, with 127 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 109 | $19,465,000 | $178,578 | $0 | 12.00% |
| 1 Year | 18 | $3,830,000 | $212,778 | $0 | 12.00% |
For 2023, Crowdcopia's most frequently cited loan duration was Other, with 109 originations. The 2nd most popular length was 1 Year, with 18 originations.
Origination Fees/Closing Costs
Crowdcopia's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 44 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 127 | $23,295,000 | $183,425 |
During 2023, Crowdcopia's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 127 originations.
Loan Sizing
2023 saw Crowdcopia place emphasis on $100k-200k loans with 74 originations, totaling $11,000,000 in origination value.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.54%
Crowdcopia has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination28.35%
Crowdcopia has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 127 | $23,295,000 | $183,425 |