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, Riverside, Santa Rosa, and San Francisco among others. We have data for 4 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
11Origination Dollar Volume (All Markets)
$3,585,000Top 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) | 6 | $2,330,000 | $388,333 | $0 | 10.58% |
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $0 | 9.66% |
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 10.99% |
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 9.00% |
Their top states include:
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 11 | $3,585,000 | $325,909 | $0 | 10.22% |
For 2022, Commercial Loan Corporation's most frequently originated type of loan was Conventional, with 11 originations.
Loan Reason
Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Other | 10 | $3,230,000 | $323,000 | $0 | 10.39% |
Home Purchase | 1 | $355,000 | $355,000 | $0 | 8.50% |
For 2022, Commercial Loan Corporation's most frequently cited loan purpose was Other, with 10 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 | 7 | $1,725,000 | $246,429 | $0 | 10.06% |
Other | 3 | $1,555,000 | $518,333 | $0 | 10.33% |
3 Year | 1 | $305,000 | $305,000 | $0 | 10.99% |
For 2022, Commercial Loan Corporation's most frequently cited loan duration was 1 Year, with 7 originations. The 2nd most popular length was Other, with 3 originations.
Interest Rates
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
Over 8% | 11 | $3,585,000 | $325,909 |
During 2022, 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 11 originations.
Loan Sizing
2022 saw Commercial Loan Corporation place emphasis on $200k-400k loans with 6 originations, totaling $1,810,000 in origination value.
Ethnicity Mix
Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
White | 11 | $3,585,000 | $325,909 | $0 | 10.22% |
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 | 11 | $3,585,000 | $325,909 |