Bank Of Odessa Mortgage Rates, Fees & Info
Odessa, MOLEI: 5493001TX1L6BVUQ0J60
Tax ID: 44-0162250
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bank Of Odessa is a smaller bank specializing in Home Purchase and Refi loans. Bank Of Odessa has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, Warrensburg, Mexico, Branson, and Kirksville among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of Odessa has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
320Origination Dollar Volume (All Markets)
$63,670,000Top 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 |
|---|---|---|---|---|---|
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 266 | $50,740,000 | $190,752 | $0 | 0.00% |
| Warrensburg, MO (FHA|USDA|VA) | 36 | $7,240,000 | $201,111 | $0 | 0.00% |
| Outside of Metro Areas | 13 | $2,855,000 | $219,615 | $0 | 0.00% |
| Mexico, MO (FHA|USDA|VA) | 1 | $2,475,000 | $2,475,000 | $0 | 0.00% |
| Branson, MO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Kirksville, MO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Marshall, MO (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 320 | $63,670,000 | $198,969 | $0 | 0.00% |
For 2022, Bank Of Odessa's most frequently originated type of loan was Conventional, with 320 originations.
Loan Reason
For 2022, Bank Of Odessa's most frequently cited loan purpose was Home Purchase, with 154 originations. The 2nd most popular reason was Refi, with 128 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 320 | $63,670,000 | $198,969 | $0 | 0.00% |
For 2022, Bank Of Odessa's most frequently cited loan duration was Other, with 320 originations.
Loan Sizing
2022 saw Bank Of Odessa place emphasis on $100k-200k loans with 117 originations, totaling $16,735,000 in origination value.
Applicant Income
Bank Of Odessa lent most frequently to those with incomes in the $50k or less range, with 66 originations. The second most popular income band? $50k-75k, with 55 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 320 | $63,670,000 | $198,969 | $0 | 0.00% |
Bank Of Odessa lent most frequently to those with DTI ratios of Exempt%, with 320 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.88%
Bank Of Odessa has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination99.06%
Bank Of Odessa has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 320 | $63,670,000 | $198,969 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF AMERICA, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 20.0% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Closing on a mortgage | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Struggling to pay mortgage | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Trouble during payment process | 7 | 46.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | FHA mortgage | Struggling to pay mortgage | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 6.7% |