Is Crestmark Mortgage Company Ltd An Expensive Mortgage Lender?

We compare mortgage interest rate and loan related closing costs at Crestmark Mortgage Company Ltd with other lenders for mortgages with similar borrower characteristics:

Interest Rate: lower than average (-0.05%)
Loan Related Closing Costs: higher than average (+$595)
Assessment: this lender tends to be a average cost lender.

This scoreboard is based on data reported to FFIEC. In the data, Crestmark Mortgage Company Ltd originated 1524 mortgages, a national market share of 0.0%. It was primarily active in TX, with a 0.3% market share.

On average, Crestmark Mortgage Company Ltd’s interest rates were lower than those of comparable mortgages at other lenders (-0.05%).1The comparable mortgages control for Crestmark Mortgage Company Ltd’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 $7036, which was higher than those of comparable mortgages at $6441, with a difference of +$595. Overall, we estimate that Crestmark Mortgage Company Ltd tends to be an average cost lender, with a cost-adjusted-rate difference of -0.02% 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 Crestmark Mortgage Company Ltd.

Crestmark Mortgage Company Ltd originated Conforming, FHA and VA mortgages for new home purchases. 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 Crestmark Mortgage Company Ltd compared to other lenders

Conforming FHA VA
Interest Rate Difference -0.03% -0.18% -0.04%
Loan related Closing Cost Difference +$733 +$1126 -$677
Cost Adjusted Rate Difference +0.01% -0.12% -0.07%

Based on the table above, Crestmark Mortgage Company Ltd is cheap for FHA and VA purchase mortgages. It is similar to other lenders for Conforming purchase mortgages.

Other information about Crestmark Mortgage Company Ltd:

Regulator: United States Department of Housing and Urban Development (HUD) 
Registered city and state: FORT COLLINS, CO, 80528
FB Comments

Lender Reviews:

Subscribe
Notify of
guest
Closed on time?
Did the lender have difficulty closing the loan on time?
Rating
What's your rating for the lender
0 Reviews
Inline Feedbacks
View all comments

Footnotes   [ + ]

1. The comparable mortgages control for Crestmark Mortgage Company Ltd’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.