Bank Of The Southwest Mortgage Rates, Fees & Info
Roswell, NMLEI: 254900CUL2SYJXAEFW91
Tax ID: 85-0043880
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bank Of The Southwest is a smaller bank specializing in Home Purchase and Home Improvement loans. Bank Of The Southwest has a high proportion of conventional loans. Their top markets by origination volume include: Farmington, Show Low, Roswell, and Las Cruces among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of The Southwest has an 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
37Origination Dollar Volume (All Markets)
$5,985,000Top 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 |
|---|---|---|---|---|---|
| FARMINGTON, NM (FHA|USDA|VA) | 7 | $1,625,000 | $232,143 | $0 | 0.00% |
| Outside of Metro Areas | 12 | $1,590,000 | $132,500 | $0 | 0.00% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $1,525,000 | $1,525,000 | $0 | 0.00% |
| Roswell, NM (FHA|USDA|VA) | 9 | $705,000 | $78,333 | $0 | 0.00% |
| LAS CRUCES, NM (FHA|USDA|VA) | 8 | $540,000 | $67,500 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 37 | $5,985,000 | $161,757 | $0 | 0.00% |
For 2019, Bank Of The Southwest's most frequently originated type of loan was Conventional, with 37 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 16 | $1,860,000 | $116,250 | $0 | 0.00% |
| Refi | 16 | $1,180,000 | $73,750 | $0 | 0.00% |
| Home Improvement | 5 | $2,945,000 | $589,000 | $0 | 0.00% |
For 2019, Bank Of The Southwest's most frequently cited loan purpose was Home Purchase, with 16 originations. The 2nd most popular reason was Refi, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 37 | $5,985,000 | $161,757 | $0 | 0.00% |
For 2019, Bank Of The Southwest's most frequently cited loan duration was Other, with 37 originations.
Loan Sizing
2019 saw Bank Of The Southwest place emphasis on $100,000 or less loans with 19 originations, totaling $835,000 in origination value.
Applicant Income
Bank Of The Southwest lent most frequently to those with incomes in the $50k or less range, with 21 originations. The second most popular income band? $150k-250k, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 37 | $5,985,000 | $161,757 | $0 | 0.00% |
Bank Of The Southwest lent most frequently to those with DTI ratios of Exempt%, with 37 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications77.42%
Bank Of The Southwest has a below average approval rate.
Pick Rate
Approvals leading to origination70.27%
Bank Of The Southwest has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 37 | $5,985,000 | $161,757 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF THE WEST | Conventional home mortgage | Struggling to pay mortgage | 1 | 7.1% |
| BANK OF THE WEST | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Trouble during payment process | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Closing on a mortgage | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Trouble during payment process | 2 | 14.3% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Conventional home mortgage | Trouble during payment process | 6 | 42.9% |