Is Impac Mortgage Corp. dba CashCall Mortgage An Expensive Mortgage Lender?

We compare mortgage interest rate and loan related closing costs at Impac Mortgage Corp. dba CashCall Mortgage with other lenders for mortgages with similar borrower characteristics:

Interest Rate: similar to average (+0.04%)
Loan Related Closing Costs: lower than average (-$1766)
Assessment: this lender tends to be a cheap lender.

This scoreboard is based on data reported to FFIEC. In the data, Impac Mortgage Corp. dba CashCall Mortgage originated 8353 mortgages, a national market share of 0.1%. It was most active in CA (0.7% market share), NV (0.3% market share), and AZ (0.2% market share).

On average, Impac Mortgage Corp. dba CashCall Mortgage’s interest rates were similar to those of comparable mortgages at other lenders (+0.04%).1The comparable mortgages control for Impac Mortgage Corp. dba CashCall Mortgage’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages. Its average total loan related closing cost was $3982, which was lower than those of comparable mortgages at $5747, with a difference of -$1766. Overall, we estimate that Impac Mortgage Corp. dba CashCall Mortgage tends to be an cheap lender, with a cost-adjusted-rate difference of -0.07% compared to comparable mortgages at other lenders.2Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate. Nevertheless, we recommend comparing your rate and fees with at least a few other lenders before signing with Impac Mortgage Corp. dba CashCall Mortgage.

Impac Mortgage Corp. dba CashCall Mortgage originated Conforming, FHA and VA mortgages for new home purchases. It also originated Conforming, FHA and VA mortgages for refinances. We breakdown its interest rate and total loan related closing cost on by each of the mortgage types it originated below:

Home Purchase Mortgages from Impac Mortgage Corp. dba CashCall Mortgage compared to other lenders

Conforming FHA VA
Interest Rate Difference +0.07% -0.11% -0.15%
Loan related Closing Cost Difference -$1237 -$978 +$103
Cost Adjusted Rate Difference -0.00% -0.16% -0.14%

Based on the table above, Impac Mortgage Corp. dba CashCall Mortgage is cheap for FHA and VA purchase mortgages. It is similar to other lenders for Conforming purchase mortgages.

Mortgage Refinancing from Impac Mortgage Corp. dba CashCall Mortgage compared to other lenders

Conforming FHA VA
Interest Rate Difference +0.09% -0.00% -0.09%
Loan Related Closing Cost Difference -$2118 -$2511 -$911
Cost Adjusted Rate Difference -0.03% -0.18% -0.16%

Based on the table above, Impac Mortgage Corp. dba CashCall Mortgage is cheap for FHA and VA mortgage refinance. It is similar to other lenders for Conforming mortgage refinance.

Other information about Impac Mortgage Corp. dba CashCall Mortgage:

Regulator: United States Department of Housing and Urban Development (HUD) 
Registered city and state: IRVINE, CA, 92612

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Footnotes   [ + ]

1. The comparable mortgages control for Impac Mortgage Corp. dba CashCall Mortgage’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages.
2. Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate.