Industrial And Commercial Bank Of China Usa Mortgage Rates, Fees & Info
New York, NYLEI: 254900YLQBQNWLGKOI74
Tax ID: 95-3763643
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Industrial And Commercial Bank Of China Usa is a smaller bank specializing in Home Purchase and Refi loans. Industrial And Commercial Bank Of China Usa has a high proportion of conventional loans. Their top markets by origination volume include: New York, Los Angeles, San Francisco, Riverside, and Seattle among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Industrial And Commercial Bank Of China Usa 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
47Origination Dollar Volume (All Markets)
$84,385,000Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 24 | $35,710,000 | $1,487,917 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 6 | $25,490,000 | $4,248,333 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 9 | $12,095,000 | $1,343,889 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $6,645,000 | $2,215,000 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $2,280,000 | $1,140,000 | $0 | 0.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $1,890,000 | $945,000 | $0 | 0.00% |
| Sonora, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Industrial and Commercial Bank of China USA 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 | 47 | $84,385,000 | $1,795,426 | $0 | 0.00% |
For 2024, Industrial And Commercial Bank Of China Usa's most frequently originated type of loan was Conventional, with 47 originations.
Loan Reason
For 2024, Industrial And Commercial Bank Of China Usa's most frequently cited loan purpose was Home Purchase, with 33 originations. The 2nd most popular reason was Refi, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 47 | $84,385,000 | $1,795,426 | $0 | 0.00% |
For 2024, Industrial And Commercial Bank Of China Usa's most frequently cited loan duration was Other, with 47 originations.
Loan Sizing
2024 saw Industrial And Commercial Bank Of China Usa place emphasis on $1MM+ loans with 17 originations, totaling $65,925,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $150k-250k | 1 | $855,000 | $855,000 | $0 | 0.00% |
| $250k+ | 1 | $1,905,000 | $1,905,000 | $0 | 0.00% |
Industrial And Commercial Bank Of China Usa lent most frequently to those with incomes in the $150k-250k range, with 1 originations. The second most popular income band? $250k+, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 47 | $84,385,000 | $1,795,426 | $0 | 0.00% |
Industrial And Commercial Bank Of China Usa lent most frequently to those with DTI ratios of Exempt%, with 47 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 8 | $51,740,000 | $6,467,500 | $0 | 0.00% |
| Asian | 39 | $32,645,000 | $837,051 | $0 | 0.00% |
Approval Rates
Total approvals of all applications97.67%
Industrial And Commercial Bank Of China Usa has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination55.32%
Industrial And Commercial Bank Of China Usa has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 47 | $84,385,000 | $1,795,426 |