Old Plank Trail Community Bank Mortgage Rates, Fees & Info
Rosemont, ILLEI: 54930010ZG6EHTCJ1L21
Tax ID: 20-4226060
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Mortgage Data
Review & Overview
Old Plank Trail Community Bank is a smaller bank specializing in Home Purchase and Refi loans. Old Plank Trail Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Charleston, and Milwaukee among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Old Plank Trail Community 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.
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Originations
62Origination Dollar Volume (All Markets)
$17,570,000Top 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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 60 | $16,730,000 | $278,833 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 62 | $17,570,000 | $283,387 | $0 | 0.00% |
For 2019, Old Plank Trail Community Bank's most frequently originated type of loan was Conventional, with 62 originations.
Loan Reason
For 2019, Old Plank Trail Community Bank's most frequently cited loan purpose was Home Purchase, with 28 originations. The 2nd most popular reason was Refi, with 27 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 62 | $17,570,000 | $283,387 | $0 | 0.00% |
For 2019, Old Plank Trail Community Bank's most frequently cited loan duration was Other, with 62 originations.
Loan Sizing
2019 saw Old Plank Trail Community Bank place emphasis on $100k-200k loans with 17 originations, totaling $2,365,000 in origination value.
Applicant Income
Old Plank Trail Community Bank lent most frequently to those with incomes in the $50k or less range, with 9 originations. The second most popular income band? $150k-250k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 62 | $17,570,000 | $283,387 | $0 | 0.00% |
Old Plank Trail Community Bank lent most frequently to those with DTI ratios of Exempt%, with 62 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.36%
Old Plank Trail Community Bank has an average approval rate.
Pick Rate
Approvals leading to origination82.26%
Old Plank Trail Community Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 62 | $17,570,000 | $283,387 |