Profinium Mortgage Rates, Fees & Info
Truman, MNLEI: 5493001RCW6RN8X6X688
Tax ID: 41-0473890
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Mortgage Data
Review & Overview
Profinium is a smaller mortgage company specializing in Home Purchase and Refi loans. Profinium has a high proportion of conventional loans. Their top markets by origination volume include: Mankato, Owatonna, Minneapolis, Faribault, and Fairmont among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Profinium 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
46Origination Dollar Volume (All Markets)
$13,380,000Top 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 |
|---|---|---|---|---|---|
| MANKATO, MN (FHA|USDA|VA) | 5 | $4,435,000 | $887,000 | $0 | 0.00% |
| Owatonna, MN (FHA|USDA|VA) | 14 | $3,180,000 | $227,143 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 9 | $2,325,000 | $258,333 | $0 | 0.00% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 3 | $1,255,000 | $418,333 | $0 | 0.00% |
| Fairmont, MN (FHA|USDA|VA) | 7 | $1,155,000 | $165,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $240,000 | $120,000 | $0 | 0.00% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Austin, MN (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Albert Lea, MN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 46 | $13,380,000 | $290,870 | $0 | 0.00% |
For 2023, Profinium's most frequently originated type of loan was Conventional, with 46 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 32 | $7,570,000 | $236,563 | $0 | 0.00% |
| Refi | 11 | $5,215,000 | $474,091 | $0 | 0.00% |
| Home Improvement | 3 | $595,000 | $198,333 | $0 | 0.00% |
For 2023, Profinium's most frequently cited loan purpose was Home Purchase, with 32 originations. The 2nd most popular reason was Refi, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 46 | $13,380,000 | $290,870 | $0 | 0.00% |
For 2023, Profinium's most frequently cited loan duration was Other, with 46 originations.
Loan Sizing
2023 saw Profinium place emphasis on $200k-400k loans with 17 originations, totaling $4,345,000 in origination value.
Applicant Income
Profinium lent most frequently to those with incomes in the $100k-150k range, with 10 originations. The second most popular income band? $250k+, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 46 | $13,380,000 | $290,870 | $0 | 0.00% |
Profinium lent most frequently to those with DTI ratios of Exempt%, with 46 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.77%
Profinium has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination71.74%
Profinium has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 46 | $13,380,000 | $290,870 |