Bank Of The West Mortgage Rates, Fees & Info
Grapevine, TXLEI: 254900QA42CLV3RMFZ29
Tax ID: 75-2075828
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Mortgage Data
Review & Overview
Bank Of The West is a smaller bank specializing in Cash Out Refi loans. Bank Of The West has a high proportion of conventional loans. Their top two markets are Dallas and Tulsa .Bank Of The West 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
13Origination Dollar Volume (All Markets)
$37,585,000Top 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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 9 | $35,495,000 | $3,943,889 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $1,315,000 | $438,333 | $0 | 0.00% |
| TULSA, OK (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 13 | $37,585,000 | $2,891,154 | $0 | 0.00% |
For 2023, Bank Of The West's most frequently originated type of loan was Conventional, with 13 originations.
Loan Reason
For 2023, Bank Of The West's most frequently cited loan purpose was Home Purchase, with 7 originations. The 2nd most popular reason was Other, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 13 | $37,585,000 | $2,891,154 | $0 | 0.00% |
For 2023, Bank Of The West's most frequently cited loan duration was Other, with 13 originations.
Loan Sizing
2023 saw Bank Of The West place emphasis on $100k-200k loans with 4 originations, totaling $600,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 1 | $155,000 | $155,000 | $0 | 0.00% |
| $150k-250k | 1 | $105,000 | $105,000 | $0 | 0.00% |
Bank Of The West lent most frequently to those with incomes in the $100k-150k range, with 1 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% | 13 | $37,585,000 | $2,891,154 | $0 | 0.00% |
Bank Of The West lent most frequently to those with DTI ratios of Exempt%, with 13 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Bank Of The West has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination76.92%
Bank Of The West has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 13 | $37,585,000 | $2,891,154 |