Amalgamated Bank Of Chicago Mortgage Rates, Fees & Info
Chicago, ILLEI: 2549009SLV9L2AAN3089
Tax ID: 36-0721895
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Mortgage Data
Review & Overview
Amalgamated Bank Of Chicago is a smaller bank specializing in Refi and Home Purchase loans. Amalgamated Bank Of Chicago has a high proportion of conventional loans. Their top (well, only) market is Chicago.Amalgamated Bank Of Chicago 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
33Origination Dollar Volume (All Markets)
$32,535,000Top 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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 33 | $32,535,000 | $985,909 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 33 | $32,535,000 | $985,909 | $0 | 0.00% |
For 2018, Amalgamated Bank Of Chicago's most frequently originated type of loan was Conventional, with 33 originations.
Loan Reason
For 2018, Amalgamated Bank Of Chicago's most frequently cited loan purpose was Refi, with 19 originations. The 2nd most popular reason was Home Purchase, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 33 | $32,535,000 | $985,909 | $0 | 0.00% |
For 2018, Amalgamated Bank Of Chicago's most frequently cited loan duration was Other, with 33 originations.
Loan Sizing
2018 saw Amalgamated Bank Of Chicago place emphasis on $1MM+ loans with 12 originations, totaling $21,150,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $150k-250k | 1 | $275,000 | $275,000 | $0 | 0.00% |
| $75k-100k | 1 | $405,000 | $405,000 | $0 | 0.00% |
Amalgamated Bank Of Chicago lent most frequently to those with incomes in the $150k-250k range, with 1 originations. The second most popular income band? $75k-100k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 33 | $32,535,000 | $985,909 | $0 | 0.00% |
Amalgamated Bank Of Chicago lent most frequently to those with DTI ratios of Exempt%, with 33 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.22%
Amalgamated Bank Of Chicago has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination93.94%
Amalgamated Bank Of Chicago has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 33 | $32,535,000 | $985,909 |