Manufacturers Bank & Trust Company Mortgage Rates, Fees & Info
Forest City, IALEI: 254900U7G0LJ4QNSFC86
Tax ID: 42-0627479
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Manufacturers Bank & Trust Company is a smaller bank specializing in Home Purchase loans. Manufacturers Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Rochester, Mason City, Albert Lea, Austin, and Minneapolis among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Manufacturers Bank & Trust Company has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
174Origination Dollar Volume (All Markets)
$27,090,000Top 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 | 79 | $10,435,000 | $132,089 | $0 | 0.00% |
| ROCHESTER, MN (FHA|USDA|VA) | 22 | $5,130,000 | $233,182 | $0 | 0.00% |
| Mason City, IA (FHA|USDA|VA) | 29 | $4,945,000 | $170,517 | $0 | 0.00% |
| Albert Lea, MN (FHA|USDA|VA) | 15 | $1,795,000 | $119,667 | $0 | 0.00% |
| Austin, MN (FHA|USDA|VA) | 16 | $1,700,000 | $106,250 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $0 | 0.00% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 0.00% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 0.00% |
| Owatonna, MN (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Manufacturers Bank & Trust Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 174 | $27,090,000 | $155,690 | $0 | 0.00% |
For 2024, Manufacturers Bank & Trust Company's most frequently originated type of loan was Conventional, with 174 originations.
Loan Reason
For 2024, Manufacturers Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 103 originations. The 2nd most popular reason was Refi, with 39 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 174 | $27,090,000 | $155,690 | $0 | 0.00% |
For 2024, Manufacturers Bank & Trust Company's most frequently cited loan duration was Other, with 174 originations.
Loan Sizing
2024 saw Manufacturers Bank & Trust Company place emphasis on $100,000 or less loans with 83 originations, totaling $4,775,000 in origination value.
Applicant Income
Manufacturers Bank & Trust Company lent most frequently to those with incomes in the $50k-75k range, with 38 originations. The second most popular income band? $100k-150k, with 34 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 174 | $27,090,000 | $155,690 | $0 | 0.00% |
Manufacturers Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 174 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.89%
Manufacturers Bank & Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination92.53%
Manufacturers Bank & Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 174 | $27,090,000 | $155,690 |