Bankorion Mortgage Rates, Fees & Info
ORION, ILLEI: 2138009TTY1M4OJRXV14
Tax ID: 36-1818410
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bankorion is a smaller bank specializing in Home Purchase loans. Bankorion has a high proportion of conventional loans. Their top markets by origination volume include: Davenport, Nashville, Terre Haute, Cedar Rapids, and Miami among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Bankorion 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.
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Originations
202Origination Dollar Volume (All Markets)
$36,340,000Top 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 |
|---|---|---|---|---|---|
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 192 | $32,020,000 | $166,771 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $1,105,000 | $1,105,000 | $0 | 0.00% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 0.00% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $400,000 | $200,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 202 | $36,340,000 | $179,901 | $0 | 0.00% |
For 2023, Bankorion's most frequently originated type of loan was Conventional, with 202 originations.
Loan Reason
For 2023, Bankorion's most frequently cited loan purpose was Home Purchase, with 128 originations. The 2nd most popular reason was Home Improvement, with 38 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 202 | $36,340,000 | $179,901 | $0 | 0.00% |
For 2023, Bankorion's most frequently cited loan duration was Other, with 202 originations.
Loan Sizing
2023 saw Bankorion place emphasis on $100,000 or less loans with 93 originations, totaling $5,845,000 in origination value.
Applicant Income
Bankorion lent most frequently to those with incomes in the $50k-75k range, with 21 originations. The second most popular income band? $50k or less, with 20 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 202 | $36,340,000 | $179,901 | $0 | 0.00% |
Bankorion lent most frequently to those with DTI ratios of Exempt%, with 202 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.72%
Bankorion has an average approval rate.
Pick Rate
Approvals leading to origination89.11%
Bankorion has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 202 | $36,340,000 | $179,901 |