Premier Bank Mortgage Rates, Fees & Info
Omaha, NELEI: 54930035WLX14VQW9V81
Tax ID: 47-0275330
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Premier Bank is a smaller bank specializing in Home Purchase and Refi loans. Premier Bank has a high proportion of conventional loans. Their top (well, only) market is Omaha.Premier Bank 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
24Origination Dollar Volume (All Markets)
$18,480,000Top 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 |
|---|---|---|---|---|---|
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 19 | $12,185,000 | $641,316 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $6,295,000 | $1,259,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 24 | $18,480,000 | $770,000 | $0 | 0.00% |
For 2022, Premier Bank's most frequently originated type of loan was Conventional, with 24 originations.
Loan Reason
For 2022, Premier Bank's most frequently cited loan purpose was Home Purchase, with 13 originations. The 2nd most popular reason was Refi, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 24 | $18,480,000 | $770,000 | $0 | 0.00% |
For 2022, Premier Bank's most frequently cited loan duration was Other, with 24 originations.
Loan Sizing
2022 saw Premier Bank place emphasis on $200k-400k loans with 11 originations, totaling $3,445,000 in origination value.
Applicant Income
Premier Bank lent most frequently to those with incomes in the $50k-75k range, with 5 originations. The second most popular income band? $100k-150k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 24 | $18,480,000 | $770,000 | $0 | 0.00% |
Premier Bank lent most frequently to those with DTI ratios of Exempt%, with 24 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.74%
Premier Bank 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-170.83%
Premier Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 24 | $18,480,000 | $770,000 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PRIMARY RESIDENTIAL MORTGAGE | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |
| PRIMARY RESIDENTIAL MORTGAGE | VA mortgage | Trouble during payment process | 1 | 50.0% |