Bankorion Mortgage Rates, Fees & Info
ORION, ILLEI: 2138009TTY1M4OJRXV14
Tax ID: 36-1818410
Latest/2024 | 2023 Data | 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, Racine, Austin, Port St. Lucie, and Greenville among others. We have data for 15 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 an above average pick rate when compared to similar lenders.
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Originations
231Origination Dollar Volume (All Markets)
$40,625,000Top 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) | 212 | $30,390,000 | $143,349 | $0 | 0.00% |
| RACINE, WI (FHA|USDA|VA) | 1 | $3,295,000 | $3,295,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $1,255,000 | $1,255,000 | $0 | 0.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 0.00% |
| Galesburg, IL (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $565,000 | $188,333 | $0 | 0.00% |
| AMES, IA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| Key West, FL (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Clinton, IA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 231 | $40,625,000 | $175,866 | $0 | 0.00% |
For 2024, Bankorion's most frequently originated type of loan was Conventional, with 231 originations.
Loan Reason
For 2024, Bankorion's most frequently cited loan purpose was Home Purchase, with 150 originations. The 2nd most popular reason was Home Improvement, with 37 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 231 | $40,625,000 | $175,866 | $0 | 0.00% |
For 2024, Bankorion's most frequently cited loan duration was Other, with 231 originations.
Loan Sizing
2024 saw Bankorion place emphasis on $100,000 or less loans with 90 originations, totaling $5,670,000 in origination value.
Applicant Income
Bankorion lent most frequently to those with incomes in the $100k-150k range, with 33 originations. The second most popular income band? $75k-100k, with 29 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 231 | $40,625,000 | $175,866 | $0 | 0.00% |
Bankorion lent most frequently to those with DTI ratios of Exempt%, with 231 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.62%
Bankorion has an average approval rate.
Pick Rate
Approvals leading to origination93.51%
Bankorion has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 231 | $40,625,000 | $175,866 |