Profinium Mortgage Rates, Fees & Info
Truman, MNLEI: 5493001RCW6RN8X6X688
Tax ID: 41-0473890
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Profinium is a smaller mortgage company specializing in Home Purchase loans. Profinium has a high proportion of conventional loans. Their top markets by origination volume include: Marshall, Red Wing, Fairmont, Minneapolis, and Albert Lea among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Profinium has an 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
23Origination Dollar Volume (All Markets)
$14,165,000Top 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 |
|---|---|---|---|---|---|
| Marshall, MN (FHA|USDA|VA) | 1 | $8,005,000 | $8,005,000 | $0 | 0.00% |
| Red Wing, MN (FHA|USDA|VA) | 1 | $1,975,000 | $1,975,000 | $0 | 0.00% |
| Fairmont, MN (FHA|USDA|VA) | 7 | $1,485,000 | $212,143 | $0 | 0.00% |
| Outside of Metro Areas | 7 | $1,315,000 | $187,857 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $875,000 | $875,000 | $0 | 0.00% |
| Albert Lea, MN (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $0 | 0.00% |
| Owatonna, MN (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 0.00% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 23 | $14,165,000 | $615,870 | $0 | 0.00% |
For 2024, Profinium's most frequently originated type of loan was Conventional, with 23 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 16 | $12,820,000 | $801,250 | $0 | 0.00% |
| Refi | 5 | $1,235,000 | $247,000 | $0 | 0.00% |
| Home Improvement | 2 | $110,000 | $55,000 | $0 | 0.00% |
For 2024, Profinium's most frequently cited loan purpose was Home Purchase, with 16 originations. The 2nd most popular reason was Refi, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 23 | $14,165,000 | $615,870 | $0 | 0.00% |
For 2024, Profinium's most frequently cited loan duration was Other, with 23 originations.
Loan Sizing
2024 saw Profinium place emphasis on $100,000 or less loans with 10 originations, totaling $620,000 in origination value.
Applicant Income
Profinium lent most frequently to those with incomes in the $150k-250k range, with 5 originations. The second most popular income band? $100k-150k, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 23 | $14,165,000 | $615,870 | $0 | 0.00% |
Profinium lent most frequently to those with DTI ratios of Exempt%, with 23 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.11%
Profinium has an average approval rate.
Pick Rate
Approvals leading to origination82.61%
Profinium has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 23 | $14,165,000 | $615,870 |