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 Reading 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

    178

    Origination Dollar Volume (All Markets)

    $30,960,000

    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) 153 $28,075,000 $183,497 $0 11.72%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 24 $2,830,000 $117,917 $0 12.00%
    READING, PA (FHA|USDA|VA) 1 $55,000 $55,000 $0 12.00%
    Crowdcopia's top markets include Philadelphia, Scranton, and Reading among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 178 $30,960,000 $173,933 $0 11.76%

    For 2022, Crowdcopia's most frequently originated type of loan was Conventional, with 178 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 178 $30,960,000 $173,933 $0 11.76%

    For 2022, Crowdcopia's most frequently cited loan purpose was Home Purchase, with 178 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 144 $22,480,000 $156,111 $0 11.94%
    1 Year 34 $8,480,000 $249,412 $0 10.97%

    For 2022, Crowdcopia's most frequently cited loan duration was Other, with 144 originations. The 2nd most popular length was 1 Year, with 34 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $3k-4k 62 $8,940,000 $144,194
    $5k+ 50 $13,380,000 $267,600
    $2k-3k 33 $3,865,000 $117,121
    $4k-5k 26 $4,260,000 $163,846
    $1k-2k 6 $510,000 $85,000

    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 62 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 178 $30,960,000 $173,933

    During 2022, Crowdcopia's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 178 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 124 $18,360,000 $148,065 $0 11.69%
    $200k-400k 32 $8,370,000 $261,563 $0 12.00%
    $100,000 or less 17 $1,315,000 $77,353 $0 11.79%
    $400k-600k 4 $1,760,000 $440,000 $0 11.75%
    $1MM+ 1 $1,155,000 $1,155,000 $0 12.00%

    2022 saw Crowdcopia place emphasis on $100k-200k loans with 124 originations, totaling $18,360,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Black 98 $17,200,000 $175,510 $0 11.64%
    White 55 $10,035,000 $182,455 $0 11.98%
    Asian 19 $2,955,000 $155,526 $0 11.63%
    Not provided 6 $770,000 $128,333 $0 12.00%

    Approval Rates

    Total approvals of all applications
    99.30%

    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
    43.82%

    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 178 $30,960,000 $173,933

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    178 $30,960,000 $173,933

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $25,000 $25,000 $0 12.00%
    40-60% 13 $1,585,000 $121,923 $0 11.73%
    60-80% 160 $28,950,000 $180,938 $0 11.79%
    80-100% 2 $190,000 $95,000 $0 8.50%