The National Bank Of Malvern Mortgage Rates, Fees & Info
Malvern, PALEI: 254900NSXWCE07HAP496
Tax ID: 23-0906630
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Mortgage Data
Review & Overview
The National Bank Of Malvern is a smaller bank specializing in Home Purchase and Home Improvement loans. The National Bank Of Malvern has a high proportion of conventional loans. Their top two markets are Philadelphia and Lancaster .The National Bank Of Malvern 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
16Origination Dollar Volume (All Markets)
$6,550,000Top 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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 15 | $6,245,000 | $416,333 | $0 | 0.00% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 16 | $6,550,000 | $409,375 | $0 | 0.00% |
For 2019, The National Bank Of Malvern's most frequently originated type of loan was Conventional, with 16 originations.
Loan Reason
For 2019, The National Bank Of Malvern's most frequently cited loan purpose was Home Purchase, with 9 originations. The 2nd most popular reason was Home Improvement, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 16 | $6,550,000 | $409,375 | $0 | 0.00% |
For 2019, The National Bank Of Malvern's most frequently cited loan duration was Other, with 16 originations.
Loan Sizing
2019 saw The National Bank Of Malvern place emphasis on $200k-400k loans with 5 originations, totaling $1,575,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 3 | $675,000 | $225,000 | $0 | 0.00% |
| $150k-250k | 1 | $335,000 | $335,000 | $0 | 0.00% |
The National Bank Of Malvern lent most frequently to those with incomes in the $50k-75k range, with 3 originations. The second most popular income band? $150k-250k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 16 | $6,550,000 | $409,375 | $0 | 0.00% |
The National Bank Of Malvern lent most frequently to those with DTI ratios of Exempt%, with 16 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
The National Bank Of Malvern has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination81.25%
The National Bank Of Malvern has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 16 | $6,550,000 | $409,375 |