Bank Of The West Mortgage Rates, Fees & Info

Grapevine, TX

LEI: 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

13

Origination Dollar Volume (All Markets)

$37,585,000

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
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%
Bank Of The West's top markets include Dallas and Tulsa among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 7 $2,925,000 $417,857 $0 0.00%
    Other 3 $1,045,000 $348,333 $0 0.00%
    Cash Out Refi 2 $33,360,000 $16,680,000 $0 0.00%
    Refi 1 $255,000 $255,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 4 $600,000 $150,000 $0 0.00%
    $400k-600k 4 $2,060,000 $515,000 $0 0.00%
    $200k-400k 3 $945,000 $315,000 $0 0.00%
    $1MM+ 1 $33,205,000 $33,205,000 $0 0.00%
    $600k-1MM 1 $775,000 $775,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 11 $37,325,000 $3,393,182 $0 0.00%
    Not provided 1 $155,000 $155,000 $0 0.00%
    White 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination
    76.92%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    13 $37,585,000 $2,891,154