Interaudi Bank Mortgage Rates, Fees & Info

New York, NY

LEI: 3T5M8FX6V6B82KVKOB17

Tax ID: 13-3148430

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Interaudi Bank is a smaller bank specializing in Refi and Home Purchase loans. Interaudi Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Miami, Los Angeles, Washington, and Jacksonville among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Interaudi 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

    94

    Origination Dollar Volume (All Markets)

    $89,040,000

    Employee count

    103

    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
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 38 $51,470,000 $1,354,474 $0 5.38%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 52 $34,010,000 $654,038 $0 5.94%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $2,260,000 $1,130,000 $0 5.55%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $1,085,000 $1,085,000 $0 5.05%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $215,000 $215,000 $0 6.50%
    Interaudi Bank's top markets include New York, Miami, Los Angeles, Washington, and Jacksonville among others.

    Their top states include:
  • New York (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 94 $89,040,000 $947,234 $0 5.70%

    For 2018, Interaudi Bank's most frequently originated type of loan was Conventional, with 94 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 48 $48,390,000 $1,008,125 $0 5.72%
    Home Purchase 46 $40,650,000 $883,696 $0 5.69%

    For 2018, Interaudi Bank's most frequently cited loan purpose was Refi, with 48 originations. The 2nd most popular reason was Home Purchase, with 46 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 64 $55,990,000 $874,844 $0 5.81%
    Other 21 $24,095,000 $1,147,381 $0 5.72%
    5 Year 8 $8,830,000 $1,103,750 $0 5.03%
    3 Year 1 $125,000 $125,000 $0 4.00%

    For 2018, Interaudi Bank's most frequently cited loan duration was 10 Year, with 64 originations. The 2nd most popular length was Other, with 21 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 9 $13,405,000 $1,489,444
    $1k-2k 4 $740,000 $185,000
    $<1k 2 $1,700,000 $850,000
    $2k-3k 2 $520,000 $260,000
    $3k-4k 2 $720,000 $360,000
    $4k-5k 1 $435,000 $435,000

    Interaudi Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 9 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 41 $29,445,000 $718,171
    5-6% 31 $25,025,000 $807,258
    4-5% 19 $30,615,000 $1,611,316
    3-4% 3 $3,955,000 $1,318,333

    During 2018, Interaudi Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 41 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 28 $60,390,000 $2,156,786 $0 5.51%
    $200k-400k 21 $6,235,000 $296,905 $0 5.89%
    $400k-600k 16 $7,630,000 $476,875 $0 5.80%
    $600k-1MM 16 $12,710,000 $794,375 $0 5.49%
    $100k-200k 12 $1,990,000 $165,833 $0 5.90%
    $100,000 or less 1 $85,000 $85,000 $0 6.50%

    2018 saw Interaudi Bank place emphasis on $1MM+ loans with 28 originations, totaling $60,390,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 6 $8,730,000 $1,455,000 $0 5.16%
    $150k-250k 5 $5,115,000 $1,023,000 $0 5.57%
    $100k-150k 4 $2,450,000 $612,500 $0 5.05%
    $50k or less 3 $705,000 $235,000 $0 5.58%
    $75k-100k 2 $520,000 $260,000 $0 6.50%

    Interaudi Bank lent most frequently to those with incomes in the $250k+ range, with 6 originations. The second most popular income band? $150k-250k, with 5 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 74 $71,520,000 $966,486 $0 5.77%
    White 8 $8,270,000 $1,033,750 $0 5.71%
    Not provided 11 $7,295,000 $663,182 $0 5.25%
    Black 1 $1,955,000 $1,955,000 $0 5.25%

    Approval Rates

    Total approvals of all applications
    100.00%

    Interaudi 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 origination
    58.51%

    Interaudi Bank 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
    NA 94 $89,040,000 $947,234

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 94 $89,040,000 $947,234

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $8,830,000 $551,875 $0 5.82%
    40-60% 60 $56,520,000 $942,000 $0 5.84%
    60-80% 10 $10,180,000 $1,018,000 $0 5.20%
    Under 20% 4 $4,860,000 $1,215,000 $0 4.73%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Intercoastal Mortgage LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Interaudi Bank 19 East 54th Street New York, NY 10022 Full Service B&M $1,703,765

    For 2018, Interaudi Bank had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $67,898
    Net interest income $54,149
    Total noninterest income $11,104
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $419
    Trading account gains and fees $0
    Additional Noninterest Income $10,685
    Pre-tax net operating income $36,932
    Securities gains (or losses, -) $0
    Income before extraordinary items $26,309
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $26,309
    Minority interest net income $0
    Net income $26,309
    Sale, conversion, retirement of capital stock, net $222
    Net operating income $26,309

    Interaudi Bank's gross interest income from loans was $67,898,000.
    Interaudi Bank's net interest income from loans was $54,149,000.
    Interaudi Bank's fee based income from loans was $419,000.
    Interaudi Bank's net income from loans was $26,309,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $13,749
    Provision for credit losses $609
    Total noninterest expense $27,712
    Salaries and employee benefits $18,499
    Premises and equipment expense $2,983
    Additional noninterest expense $6,230
    Applicable income taxes $10,623
    Net charge-offs $120
    Cash dividends $6,179

    Interaudi Bank's interest expense for loans was $13,749,000.
    Interaudi Bank's payroll and benefits expense were $18,499,000.
    Interaudi Bank's property, plant and equipment expenses $2,983,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 1.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,729,389
    Deposits held in domestic offices $1,729,389
    Deposits by Individuals, partnerships, and corporations $1,729,108
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $0
    Deposits by Commercial banks and other depository institutions in U.S. $281
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $878,234
    Demand deposits $776,706
    Nontransaction accounts $851,155
    Money market deposit accounts (MMDAs) $36,122
    Other savings deposits (excluding MMDAs) $19,547
    Total time deposits $795,486
    Total time and savings deposits $952,683
    Noninterest-bearing deposits $781,174
    Interest-bearing deposits $948,215
    Retail deposits $1,008,114
    IRAs and Keogh plan accounts $4,258
    Brokered deposits $83,704
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,017,202
    Cash & Balances due from depository institutions $643,200
    Interest-bearing balances $639,127
    Total securities $502,490
    Federal funds sold & reverse repurchase $0
    Net loans and leases $855,143
    Loan and leases loss allowance $6,078
    Trading account assets $0
    Bank premises and fixed assets $3,250
    Other real estate owned $440
    Goodwill and other intangibles $0
    All other assets $12,679

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,017,202
    Total Liabilities $1,858,468
    Total deposits $1,729,389
    Interest-bearing deposits $948,215
    Deposits held in domestic offices $1,729,389
    % insured (estimated) $47
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $123,000
    Subordinated debt $0
    All other liabilities $6,079

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $855,143
    Loan and leases loss allowance $6,078
    Total loans and leases (domestic) $861,221
    All real estate loans $740,092
    Real estate loans in domestic offices $740,092
    Construction and development loans $66,982
    Residential 1-4 family construction $11,350
    Other construction, all land development and other land $55,632
    Loans secured by nonfarm nonresidential properties $222,523
    Nonfarm nonresidential secured by owner-occupied properties $65,486
    Commercial real estate & other non-farm, non-residential $157,037
    Multifamily residential real estate $24,208
    1-4 family residential loans $425,977
    Farmland loans $402
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $112,366
    To non-U.S. addressees $29,361
    Loans to individuals $5,963
    Credit card loans $585
    Related Plans $9
    Consumer Auto Loans $0
    Other loans to individuals $5,369
    All other loans & leases $5,963
    Loans to foreign governments and official institutions $0
    Other loans $5,963
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $37,864
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Interaudi Bank had $855,143,000 of loans outstanding in 2018. $740,092,000 of loans were in real estate loans. $66,982,000 of loans were in development loans. $24,208,000 of loans were in multifamily mortgage loans. $425,977,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $585,000 of loans were in credit card loans. $0 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 54 $26,319 $487,389
    Nonfarm, nonresidential loans - $100-250k 6 $1,157 $192,833
    Nonfarm, nonresidential loans - $250k-1MM 48 $25,162 $524,208
    Commercial & Industrial, US addressed loans - <$1MM 133 $12,369 $93,000
    Commercial & Industrial, US addressed loans - <$100k 107 $704 $6,579
    Commercial & Industrial, US addressed loans - $100-250k 7 $1,032 $147,429
    Commercial & Industrial, US addressed loans - $250k-1MM 19 $10,633 $559,632
    Farmland loans - <$1MM 1 $402 $402,000
    Farmland loans - $250k-1MM 1 $402 $402,000