Opus Bank Mortgage Rates, Fees & Info
Irvine, CALEI: 5493002PJJERLWZ9O392
Tax ID: 33-0564430
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Opus Bank is a smaller bank specializing in Refi and Home Purchase loans. Opus Bank has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Francisco, Phoenix, San Diego, and Portland among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)Opus Bank has an 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
163Origination Dollar Volume (All Markets)
$341,065,000Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 88 | $159,060,000 | $1,807,500 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 17 | $49,685,000 | $2,922,647 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 10 | $48,010,000 | $4,801,000 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 12 | $21,920,000 | $1,826,667 | $0 | 0.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 13 | $19,555,000 | $1,504,231 | $0 | 0.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 7 | $15,765,000 | $2,252,143 | $0 | 0.00% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 2 | $4,860,000 | $2,430,000 | $0 | 0.00% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $3,850,000 | $1,925,000 | $0 | 0.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $3,580,000 | $1,790,000 | $0 | 0.00% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $3,065,000 | $3,065,000 | $0 | 0.00% |
| SALEM, OR (FHA|USDA|VA) | 3 | $2,385,000 | $795,000 | $0 | 0.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $2,330,000 | $1,165,000 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $2,305,000 | $2,305,000 | $0 | 0.00% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $0 | 0.00% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $1,185,000 | $1,185,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 163 | $341,065,000 | $2,092,423 | $0 | 0.00% |
For 2020, Opus Bank's most frequently originated type of loan was Conventional, with 163 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 127 | $271,135,000 | $2,134,921 | $0 | 0.00% |
| Home Purchase | 36 | $69,930,000 | $1,942,500 | $0 | 0.00% |
For 2020, Opus Bank's most frequently cited loan purpose was Refi, with 127 originations. The 2nd most popular reason was Home Purchase, with 36 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 163 | $341,065,000 | $2,092,423 | $0 | 0.00% |
For 2020, Opus Bank's most frequently cited loan duration was Other, with 163 originations.
Loan Sizing
2020 saw Opus Bank place emphasis on $1MM+ loans with 127 originations, totaling $313,805,000 in origination value.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 163 | $341,065,000 | $2,092,423 | $0 | 0.00% |
Ethnicity Mix
Approval Rates
Total approvals of all applications89.25%
Opus Bank has an average approval rate.
Pick Rate
Approvals leading to origination98.16%
Opus Bank 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 | 163 | $341,065,000 | $2,092,423 |