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 and Refi loans. Bankorion has a high proportion of conventional loans. Their top markets by origination volume include: Davenport, Clinton, Des Moines, Key West, and Mason City 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 a below average pick rate when compared to similar lenders.
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Originations
286Origination Dollar Volume (All Markets)
$69,170,000Top 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) | 265 | $50,705,000 | $191,340 | $0 | 0.00% |
| Clinton, IA (FHA|USDA|VA) | 5 | $7,105,000 | $1,421,000 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 2 | $3,480,000 | $1,740,000 | $0 | 0.00% |
| Key West, FL (FHA|USDA|VA) | 1 | $3,125,000 | $3,125,000 | $0 | 0.00% |
| Mason City, IA (FHA|USDA|VA) | 1 | $1,705,000 | $1,705,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $1,480,000 | $740,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Muscatine, IA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Galesburg, IL (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 0.00% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 286 | $69,170,000 | $241,853 | $0 | 0.00% |
For 2022, Bankorion's most frequently originated type of loan was Conventional, with 286 originations.
Loan Reason
For 2022, Bankorion's most frequently cited loan purpose was Home Purchase, with 164 originations. The 2nd most popular reason was Refi, with 70 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 286 | $69,170,000 | $241,853 | $0 | 0.00% |
For 2022, Bankorion's most frequently cited loan duration was Other, with 286 originations.
Loan Sizing
2022 saw Bankorion place emphasis on $100,000 or less loans with 113 originations, totaling $7,125,000 in origination value.
Applicant Income
Bankorion lent most frequently to those with incomes in the $50k-75k range, with 32 originations. The second most popular income band? $50k or less, with 28 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 286 | $69,170,000 | $241,853 | $0 | 0.00% |
Bankorion lent most frequently to those with DTI ratios of Exempt%, with 286 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.43%
Bankorion has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination87.06%
Bankorion has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 286 | $69,170,000 | $241,853 |