Commercial Loan Corporation Mortgage Rates, Fees & Info
NEWPORT BEACH, CALEI: 984500A9F1AADF548748
Tax ID: 20-8780109
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Commercial Loan Corporation is a smaller mortgage company specializing in Other loans. Commercial Loan Corporation has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Francisco, Riverside, Modesto, and San Diego among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Commercial Loan Corporation has an above average approval rate when compared to the average across all lenders.
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Originations
35Origination Dollar Volume (All Markets)
$9,075,000Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 19 | $5,855,000 | $308,158 | $0 | 12.23% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 6 | $1,340,000 | $223,333 | $0 | 11.82% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $0 | 11.99% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 12.99% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 12.00% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 10.99% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 12.99% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 10.99% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 35 | $9,075,000 | $259,286 | $0 | 12.12% |
For 2023, Commercial Loan Corporation's most frequently originated type of loan was Conventional, with 35 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Other | 34 | $8,900,000 | $261,765 | $0 | 12.18% |
| Home Purchase | 1 | $175,000 | $175,000 | $0 | 9.95% |
For 2023, Commercial Loan Corporation's most frequently cited loan purpose was Other, with 34 originations. The 2nd most popular reason was Home Purchase, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 1 Year | 34 | $8,650,000 | $254,412 | $0 | 12.09% |
| 3 Year | 1 | $425,000 | $425,000 | $0 | 12.99% |
For 2023, Commercial Loan Corporation's most frequently cited loan duration was 1 Year, with 34 originations. The 2nd most popular length was 3 Year, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 35 | $9,075,000 | $259,286 |
During 2023, Commercial Loan Corporation's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 35 originations.
Loan Sizing
2023 saw Commercial Loan Corporation place emphasis on $100k-200k loans with 13 originations, totaling $1,855,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 35 | $9,075,000 | $259,286 | $0 | 12.12% |
Approval Rates
Total approvals of all applications100.00%
Commercial Loan Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 35 | $9,075,000 | $259,286 |