Opus Bank Mortgage Rates, Fees & Info

Irvine, CA

LEI: 5493002PJJERLWZ9O392

Tax ID: 33-0564430

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Opus Bank is a smaller bank specializing in Cash Out Refi and Home Purchase loans. Opus Bank has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Seattle, Phoenix, Portland, and San Francisco among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Opus Bank 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.

    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.

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    Originations

    317

    Origination Dollar Volume (All Markets)

    $815,755,000

    Employee count

    794

    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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 133 $258,425,000 $1,943,045 $0 0.00%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 28 $144,210,000 $5,150,357 $0 0.00%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 30 $109,880,000 $3,662,667 $0 0.00%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 25 $82,565,000 $3,302,600 $0 0.00%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 34 $75,420,000 $2,218,235 $0 0.00%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 25 $37,735,000 $1,509,400 $0 0.00%
    FRESNO, CA (FHA|USDA|VA) 13 $29,855,000 $2,296,538 $0 0.00%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 8 $18,060,000 $2,257,500 $0 0.00%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $16,310,000 $4,077,500 $0 0.00%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $9,875,000 $9,875,000 $0 0.00%
    SALEM, OR (FHA|USDA|VA) 5 $9,175,000 $1,835,000 $0 0.00%
    CORVALLIS, OR (FHA|USDA|VA) 1 $5,645,000 $5,645,000 $0 0.00%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $4,605,000 $4,605,000 $0 0.00%
    GRANTS PASS, OR (FHA|USDA|VA) 1 $4,255,000 $4,255,000 $0 0.00%
    VALLEJO, CA (FHA|USDA|VA) 3 $3,995,000 $1,331,667 $0 0.00%
    BELLINGHAM, WA (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $0 0.00%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $1,325,000 $1,325,000 $0 0.00%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $1,185,000 $1,185,000 $0 0.00%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $925,000 $925,000 $0 0.00%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $805,000 $805,000 $0 0.00%
    Opus Bank's top markets include Los Angeles, Seattle, Phoenix, Portland, and San Francisco among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 317 $815,755,000 $2,573,360 $0 0.00%

    For 2018, Opus Bank's most frequently originated type of loan was Conventional, with 317 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 175 $490,635,000 $2,803,629 $0 0.00%
    Home Purchase 123 $285,925,000 $2,324,593 $0 0.00%
    Refi 19 $39,195,000 $2,062,895 $0 0.00%

    For 2018, Opus Bank's most frequently cited loan purpose was Cash Out Refi, with 175 originations. The 2nd most popular reason was Home Purchase, with 123 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 317 $815,755,000 $2,573,360 $0 0.00%

    For 2018, Opus Bank's most frequently cited loan duration was Other, with 317 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 256 $768,200,000 $3,000,781 $0 0.00%
    $600k-1MM 54 $43,760,000 $810,370 $0 0.00%
    $400k-600k 7 $3,795,000 $542,143 $0 0.00%

    2018 saw Opus Bank place emphasis on $1MM+ loans with 256 originations, totaling $768,200,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 3 $2,625,000 $875,000 $0 0.00%
    $75k-100k 1 $1,185,000 $1,185,000 $0 0.00%

    Opus Bank lent most frequently to those with incomes in the $50k-75k range, with 3 originations. The second most popular income band? $75k-100k, with 1 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 317 $815,755,000 $2,573,360 $0 0.00%

    Opus Bank lent most frequently to those with DTI ratios of Exempt%, with 317 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 285 $771,865,000 $2,708,298 $0 0.00%
    Not provided 16 $19,930,000 $1,245,625 $0 0.00%
    Asian 9 $12,865,000 $1,429,444 $0 0.00%
    White 7 $11,095,000 $1,585,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.59%

    Opus Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    94.01%

    Opus Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 317 $815,755,000 $2,573,360

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 3 $7,385,000 $2,461,667
    Multifamily:Site-Built 313 $807,045,000 $2,578,419
    Single Family (1-4 Units):Site-Built 1 $1,325,000 $1,325,000

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Opus Bank 1000 N. Western Ave., Suite 101 San Pedro, CA 90732 Full Service B&M $85,333
    Opus Bank 10524 19th Avenue Se Everett, WA 98208 Full Service B&M $72,946
    Opus Bank 10810 N. Tatum Blvd. Ste 114 Phoenix, AZ 85028 Full Service B&M $21,338
    Opus Bank 1101 Avenue D, Building B Snohomish, WA 98290 Full Service B&M $49,267
    Opus Bank 12301 Wilshire Blvd., Suite 150 Los Angeles, CA 90025 Full Service B&M $64,278
    Opus Bank 139 Bendigo Boulevard N North Bend, WA 98045 Full Service B&M $52,297
    Opus Bank 1401 4th Ave Seattle, WA 98101 Full Service B&M $20,210
    Opus Bank 15225 Aurora Ave N Shoreline, WA 98133 Full Service B&M $33,127
    Opus Bank 15600 Ne 8th St, A-8 Bellevue, WA 98008 Full Service B&M $44,486
    Opus Bank 16500 Ventura Blvd. Encino, CA 91436 Full Service B&M $102,515
    Opus Bank 1715 Via El Prado Redondo Beach, CA 90277 Full Service B&M $90,724
    Opus Bank 175 W Broadway Anaheim, CA 92805 Full Service B&M $48,370
    Opus Bank 17672 Yorba Linda Blvd Yorba Linda, CA 92886 Full Service B&M $77,130
    Opus Bank 188 106th Ave Ne, Ste 200 Bellevue, WA 98004 Full Service B&M $185,497
    Opus Bank 192 N. Canon Drive Beverly Hills, CA 90210 Full Service B&M $127,120
    Opus Bank 19419 Hwy 99 Lynnwood, WA 98036 Full Service B&M $82,117
    Opus Bank 19900 Macarthur Blvd., 12th Floor Irvine, CA 92612 Full Service B&M $2,760,471
    Opus Bank 19900 Macarthur Boulevard, Suite 190 Irvine, CA 92612 Full Service B&M $15,268
    Opus Bank 2 North Lake Ave., Suite 130 Pasadena, CA 91101 Full Service B&M $37,088
    Opus Bank 200 West Commonwealth Avenue Fullerton, CA 92832 Full Service B&M $201,957
    Opus Bank 2100 East Foothill Blvd Ste B La Verne, CA 91750 Full Service B&M $67,751
    Opus Bank 211 East Ocean Blvd. Suite 110 Long Beach, CA 90802 Full Service B&M $33,163
    Opus Bank 2350 Monument Blvd., Suite A Pleasant Hill, CA 94523 Full Service B&M $42,033
    Opus Bank 23600 Hawthorne Boulevard, Unit B Torrance, CA 90505 Full Service B&M $81,868
    Opus Bank 24050 Aliso Creek Road, Suite 1a Laguna Niguel, CA 92677 Full Service B&M $53,612
    Opus Bank 2710 Via De La Valle B-170 Del Mar, CA 92014 Full Service B&M $73,156
    Opus Bank 278 Central Way Kirkland, WA 98033 Full Service B&M $67,404
    Opus Bank 2901 Rucker Avenue Everett, WA 98201 Full Service B&M $60,487
    Opus Bank 3005 N. Sepulveda Boulevard Manhattan Beach, CA 90266 Full Service B&M $59,978
    Opus Bank 305 Front Street North Issaquah, WA 98027 Full Service B&M $138,034
    Opus Bank 31431 Santa Margarita Pkwy., Unit A Rancho Santa Margarita, CA 92688 Full Service B&M $19,477
    Opus Bank 3748 E. Coast Highway Corona Del Mar, CA 92625 Full Service B&M $74,091
    Opus Bank 3975-A Alton Parkway Irvine, CA 92606 Full Service Retail $39,612
    Opus Bank 4012 Grand Avenue, Suite A Chino, CA 91710 Full Service B&M $23,332
    Opus Bank 4020 Blackhawk Plaza Circle Danville, CA 94506 Full Service B&M $65,009
    Opus Bank 437 5th Avenue S. Ste 101 Edmonds, WA 98020 Full Service B&M $64,118
    Opus Bank 4823 Pt Fosdick Dr Nw Gig Harbor, WA 98335 Full Service B&M $42,578
    Opus Bank 515 South Myrtle Avenue Monrovia, CA 91016 Full Service B&M $27,364
    Opus Bank 525 Sw Broadway Portland, OR 97205 Full Service B&M $35,568
    Opus Bank 528 E College Way Mount Vernon, WA 98273 Full Service B&M $98,537
    Opus Bank 550 N Brand Blvd Ste 150 Glendale, CA 91203 Full Service B&M $43,863
    Opus Bank 576 South Grand Avenue Covina, CA 91724 Full Service B&M $38,973
    Opus Bank 6590 N. Scottsdale Rd. Ste 160 Scottsdale, AZ 85253 Full Service B&M $19,997
    Opus Bank 73700 Gorgonio Drive Twentynine Palms, CA 92277 Full Service B&M $20,774
    Opus Bank 7690 El Camino Real Carlsbad, CA 92009 Full Service B&M $45,024
    Opus Bank 7780 East Coast Highway Newport Coast, CA 92657 Full Service B&M $53,953
    Opus Bank 7979 Ivanhoe Ave., Suite 150 La Jolla, CA 92037 Full Service B&M $63,063
    Opus Bank 815 State Ave. Marysville, WA 98270 Full Service B&M $54,585
    Opus Bank 82 Peninsula Ctr Palos Verdes Peninsula, CA 90274 Full Service B&M $166,291
    Opus Bank 950 Pacific Ave Suite 150 Tacoma, WA 98402 Full Service B&M $61,892
    Opus Bank 998 4th Street San Rafael, CA 94901 Full Service B&M $34,641

    For 2018, Opus Bank had 51 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $248,707
    Net interest income $202,480
    Total noninterest income $48,771
    Gross Fiduciary activities income $27,503
    Service charges on deposit accounts $3,327
    Trading account gains and fees $0
    Additional Noninterest Income $17,941
    Pre-tax net operating income $47,167
    Securities gains (or losses, -) $-9,710
    Income before extraordinary items $30,918
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $30,918
    Minority interest net income $0
    Net income $30,918
    Sale, conversion, retirement of capital stock, net $1,780
    Net operating income $38,977

    Opus Bank's gross interest income from loans was $248,707,000.
    Opus Bank's net interest income from loans was $202,480,000.
    Opus Bank's fee based income from loans was $3,327,000.
    Opus Bank's net income from loans was $30,918,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $46,227
    Provision for credit losses $19,601
    Total noninterest expense $184,483
    Salaries and employee benefits $111,325
    Premises and equipment expense $20,419
    Additional noninterest expense $52,739
    Applicable income taxes $6,539
    Net charge-offs $40,867
    Cash dividends $16,164

    Opus Bank's interest expense for loans was $46,227,000.
    Opus Bank's payroll and benefits expense were $111,325,000.
    Opus Bank's property, plant and equipment expenses $20,419,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 11.0%
    All other family 0.0%
    Commercial & industrial loans 2.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $5,957,533
    Deposits held in domestic offices $5,957,533
    Deposits by Individuals, partnerships, and corporations $5,525,421
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $431,839
    Deposits by Commercial banks and other depository institutions in U.S. $273
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $383,359
    Demand deposits $159,301
    Nontransaction accounts $5,574,174
    Money market deposit accounts (MMDAs) $1,888,773
    Other savings deposits (excluding MMDAs) $3,007,943
    Total time deposits $677,459
    Total time and savings deposits $5,798,232
    Noninterest-bearing deposits $776,787
    Interest-bearing deposits $5,180,746
    Retail deposits $5,664,631
    IRAs and Keogh plan accounts $69,897
    Brokered deposits $13,832
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $7,180,903
    Cash & Balances due from depository institutions $254,604
    Interest-bearing balances $214,744
    Total securities $1,081,579
    Federal funds sold & reverse repurchase $0
    Net loans and leases $5,110,701
    Loan and leases loss allowance $54,664
    Trading account assets $0
    Bank premises and fixed assets $19,809
    Other real estate owned $0
    Goodwill and other intangibles $370,852
    All other assets $343,358

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $7,180,903
    Total Liabilities $6,140,090
    Total deposits $5,957,533
    Interest-bearing deposits $5,180,746
    Deposits held in domestic offices $5,957,533
    % insured (estimated) $51
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $133,010
    All other liabilities $49,547

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $5,110,701
    Loan and leases loss allowance $54,664
    Total loans and leases (domestic) $5,165,365
    All real estate loans $4,164,573
    Real estate loans in domestic offices $4,164,573
    Construction and development loans $70,557
    Residential 1-4 family construction $0
    Other construction, all land development and other land $70,557
    Loans secured by nonfarm nonresidential properties $1,094,083
    Nonfarm nonresidential secured by owner-occupied properties $185,872
    Commercial real estate & other non-farm, non-residential $908,211
    Multifamily residential real estate $2,931,462
    1-4 family residential loans $68,471
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $764,944
    To non-U.S. addressees $0
    Loans to individuals $12
    Credit card loans $0
    Related Plans $12
    Consumer Auto Loans $0
    Other loans to individuals $0
    All other loans & leases $235,836
    Loans to foreign governments and official institutions $0
    Other loans $36
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $19,597
    Loans secured by real estate to non-U.S. addressees $12,701
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Opus Bank had $5,110,701,000 of loans outstanding in 2018. $4,164,573,000 of loans were in real estate loans. $70,557,000 of loans were in development loans. $2,931,462,000 of loans were in multifamily mortgage loans. $68,471,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 133 $51,498 $387,203
    Nonfarm, nonresidential loans - <$100k 3 $97 $32,333
    Nonfarm, nonresidential loans - $100-250k 13 $1,049 $80,692
    Nonfarm, nonresidential loans - $250k-1MM 117 $50,352 $430,359
    Commercial & Industrial, US addressed loans - <$1MM 310 $44,104 $142,271
    Commercial & Industrial, US addressed loans - <$100k 73 $1,680 $23,014
    Commercial & Industrial, US addressed loans - $100-250k 95 $6,185 $65,105
    Commercial & Industrial, US addressed loans - $250k-1MM 142 $36,239 $255,204