Bank Of Odessa Mortgage Rates, Fees & Info

Odessa, MO

LEI: 5493001TX1L6BVUQ0J60

Tax ID: 44-0162250

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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

320

Origination Dollar Volume (All Markets)

$63,670,000

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
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%
Bank Of Odessa's top markets include Kansas City, Warrensburg, Mexico, Branson, and Kirksville among others.

Their top states include:
  • Missouri (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 154 $35,130,000 $228,117 $0 0.00%
    Refi 128 $24,960,000 $195,000 $0 0.00%
    Home Improvement 21 $1,885,000 $89,762 $0 0.00%
    Other 17 $1,695,000 $99,706 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 117 $16,735,000 $143,034 $0 0.00%
    $100,000 or less 106 $6,780,000 $63,962 $0 0.00%
    $200k-400k 64 $17,620,000 $275,313 $0 0.00%
    $400k-600k 24 $11,260,000 $469,167 $0 0.00%
    $1MM+ 5 $8,065,000 $1,613,000 $0 0.00%
    $600k-1MM 4 $3,210,000 $802,500 $0 0.00%

    2022 saw Bank Of Odessa place emphasis on $100k-200k loans with 117 originations, totaling $16,735,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 66 $6,560,000 $99,394 $0 0.00%
    $50k-75k 55 $6,725,000 $122,273 $0 0.00%
    $100k-150k 48 $10,860,000 $226,250 $0 0.00%
    $150k-250k 43 $11,445,000 $266,163 $0 0.00%
    $75k-100k 41 $6,485,000 $158,171 $0 0.00%
    $250k+ 24 $10,400,000 $433,333 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 256 $49,160,000 $192,031 $0 0.00%
    Not applicable 42 $10,950,000 $260,714 $0 0.00%
    Not provided 18 $2,890,000 $160,556 $0 0.00%
    Black 3 $455,000 $151,667 $0 0.00%
    Asian Indian 1 $215,000 $215,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.88%

    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 origination
    99.06%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    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%