Fortifi Bank Mortgage Rates, Fees & Info
Berlin, WILEI: 254900TQL77TN5I01K05
Tax ID: 39-0280510
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Fortifi Bank is a smaller bank specializing in Home Purchase loans. Fortifi Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Oshkosh, Green Bay, Madison, Fond Du Lac, and Baraboo among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)Fortifi Bank 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.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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Originations
217Origination Dollar Volume (All Markets)
$49,115,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 112 | $22,630,000 | $202,054 | $0 | 0.00% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 32 | $6,980,000 | $218,125 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 20 | $6,970,000 | $348,500 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 15 | $4,225,000 | $281,667 | $0 | 0.00% |
| FOND DU LAC, WI (FHA|USDA|VA) | 17 | $3,305,000 | $194,412 | $0 | 0.00% |
| Baraboo, WI (FHA|USDA|VA) | 3 | $1,235,000 | $411,667 | $0 | 0.00% |
| APPLETON, WI (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $0 | 0.00% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 0.00% |
| Marinette, WI-MI (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $0 | 0.00% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| Beaver Dam, WI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| RACINE, WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Platteville, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Manitowoc, WI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Fortifi Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 15
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 216 | $48,940,000 | $226,574 | $0 | 0.00% |
| USDA | 1 | $175,000 | $175,000 | $0 | 0.00% |
For 2024, Fortifi Bank's most frequently originated type of loan was Conventional, with 216 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2024, Fortifi Bank's most frequently cited loan purpose was Home Purchase, with 131 originations. The 2nd most popular reason was Cash Out Refi, with 34 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 217 | $49,115,000 | $226,336 | $0 | 0.00% |
For 2024, Fortifi Bank's most frequently cited loan duration was Other, with 217 originations.
Loan Sizing
2024 saw Fortifi Bank place emphasis on $200k-400k loans with 79 originations, totaling $21,945,000 in origination value.
Applicant Income
Fortifi Bank lent most frequently to those with incomes in the $100k-150k range, with 51 originations. The second most popular income band? $150k-250k, with 35 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 217 | $49,115,000 | $226,336 | $0 | 0.00% |
Fortifi Bank lent most frequently to those with DTI ratios of Exempt%, with 217 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.02%
Fortifi Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination88.94%
Fortifi Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 217 | $49,115,000 | $226,336 |