Crowdcopia Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 9845001ADACA7A75EE02

Tax ID: 81-3473847

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Crowdcopia is a smaller mortgage company specializing in Home Purchase loans. Crowdcopia has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Scranton, and East Stroudsburg among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    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.

    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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    Originations

    141

    Origination Dollar Volume (All Markets)

    $26,815,000

    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
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 134 $26,210,000 $195,597 $0 11.99%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 6 $400,000 $66,667 $0 12.00%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $205,000 $205,000 $0 12.00%
    Crowdcopia's top markets include Philadelphia, Scranton, and East Stroudsburg among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 141 $26,815,000 $190,177 $0 11.99%

    For 2020, Crowdcopia's most frequently originated type of loan was Conventional, with 141 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 141 $26,815,000 $190,177 $0 11.99%

    For 2020, Crowdcopia's most frequently cited loan purpose was Home Purchase, with 141 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 133 $20,925,000 $157,331 $0 11.99%
    1 Year 8 $5,890,000 $736,250 $0 12.00%

    For 2020, Crowdcopia's most frequently cited loan duration was Other, with 133 originations. The 2nd most popular length was 1 Year, with 8 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 141 $26,815,000 $190,177

    During 2020, Crowdcopia's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 141 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 73 $10,235,000 $140,205 $0 11.99%
    $100,000 or less 36 $2,830,000 $78,611 $0 12.00%
    $200k-400k 25 $6,515,000 $260,600 $0 12.00%
    $1MM+ 3 $4,305,000 $1,435,000 $0 12.00%
    $400k-600k 2 $1,010,000 $505,000 $0 12.00%
    $600k-1MM 2 $1,920,000 $960,000 $0 12.00%

    2020 saw Crowdcopia place emphasis on $100k-200k loans with 73 originations, totaling $10,235,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 23 $3,525,000 $153,261 $0 12.00%
    $100k-150k 17 $3,295,000 $193,824 $0 12.00%
    $50k-75k 17 $2,425,000 $142,647 $0 12.00%
    $150k-250k 8 $1,550,000 $193,750 $0 11.88%
    $250k+ 6 $3,130,000 $521,667 $0 12.00%
    $50k or less 5 $955,000 $191,000 $0 12.00%

    Crowdcopia lent most frequently to those with incomes in the $75k-100k range, with 23 originations. The second most popular income band? $100k-150k, with 17 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 64 $10,940,000 $170,938 $0 12.00%
    White 34 $9,030,000 $265,588 $0 11.97%
    Black 42 $6,670,000 $158,810 $0 12.00%
    Asian 1 $175,000 $175,000 $0 12.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination
    70.21%

    Crowdcopia has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 141 $26,815,000 $190,177

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $2,320,000 $1,160,000
    Single Family (1-4 Units):Site-Built 139 $24,495,000 $176,223

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $1,440,000 $360,000 $0 12.00%
    40-60% 38 $6,320,000 $166,316 $0 12.00%
    60-80% 96 $18,570,000 $193,438 $0 11.99%
    80-100% 2 $280,000 $140,000 $0 12.00%
    Over 100% 1 $205,000 $205,000 $0 12.00%