Fieldpoint Private Bank & Trust Mortgage Rates, Fees & Info

Greenwich, CT

LEI: 2549006970DDWK8E1864

Tax ID: 26-2436838

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Mortgage Data

Review & Overview

Fieldpoint Private Bank & Trust is a smaller bank specializing in Home Purchase loans. Fieldpoint Private Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Bridgeport, New York, Ocean City, Miami, and New Haven among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

Fieldpoint Private Bank & Trust 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

23

Origination Dollar Volume (All Markets)

$45,165,000

Top 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
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 15 $36,225,000 $2,415,000 $0 0.00%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 4 $3,690,000 $922,500 $0 0.00%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $2,155,000 $2,155,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $1,925,000 $1,925,000 $0 0.00%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $905,000 $905,000 $0 0.00%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
Fieldpoint Private Bank & Trust's top markets include Bridgeport, New York, Ocean City, Miami, and New Haven among others.

Their top states include:
  • Connecticut (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 23 $45,165,000 $1,963,696 $0 0.00%

    For 2018, Fieldpoint Private Bank & Trust's most frequently originated type of loan was Conventional, with 23 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 13 $33,425,000 $2,571,154 $0 0.00%
    Cash Out Refi 6 $8,240,000 $1,373,333 $0 0.00%
    Refi 4 $3,500,000 $875,000 $0 0.00%

    For 2018, Fieldpoint Private Bank & Trust's most frequently cited loan purpose was Home Purchase, with 13 originations. The 2nd most popular reason was Cash Out Refi, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 23 $45,165,000 $1,963,696 $0 0.00%

    For 2018, Fieldpoint Private Bank & Trust's most frequently cited loan duration was Other, with 23 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 12 $39,630,000 $3,302,500 $0 0.00%
    $600k-1MM 4 $3,180,000 $795,000 $0 0.00%
    $400k-600k 3 $1,475,000 $491,667 $0 0.00%
    $100k-200k 2 $260,000 $130,000 $0 0.00%
    $200k-400k 2 $620,000 $310,000 $0 0.00%

    2018 saw Fieldpoint Private Bank & Trust place emphasis on $1MM+ loans with 12 originations, totaling $39,630,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 9 $15,965,000 $1,773,889 $0 0.00%
    $150k-250k 4 $2,060,000 $515,000 $0 0.00%
    $100k-150k 3 $1,045,000 $348,333 $0 0.00%

    Fieldpoint Private Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 9 originations. The second most popular income band? $150k-250k, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 23 $45,165,000 $1,963,696 $0 0.00%

    Fieldpoint Private Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 23 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 7 $26,095,000 $3,727,857 $0 0.00%
    White 9 $10,845,000 $1,205,000 $0 0.00%
    Not provided 5 $7,305,000 $1,461,000 $0 0.00%
    Native Hawaiian or Islander 1 $565,000 $565,000 $0 0.00%
    Black 1 $355,000 $355,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.22%

    Fieldpoint Private Bank & Trust has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    52.17%

    Fieldpoint Private Bank & Trust has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 23 $45,165,000 $1,963,696

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $6,090,000 $3,045,000
    Single Family (1-4 Units):Site-Built 21 $39,075,000 $1,860,714

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Flat Branch Mortgage, Inc. Conventional home mortgage Struggling to pay mortgage 1 100.0%