Global Bank Mortgage Rates, Fees & Info

New York, NY

LEI: 5493004N6GEASXJ2A896

Tax ID: 20-5187849

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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)

    • Review & Overview

    Global Bank is a smaller bank specializing in Home Purchase loans. Global Bank has a high proportion of conventional loans. Their top (well, only) market is New York.

    Global Bank has an average approval rate when compared to the average across all lenders. They have a below 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.

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    Originations

    107

    Origination Dollar Volume (All Markets)

    $60,745,000

    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
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 107 $60,745,000 $567,710 $0 0.00%
    Global Bank's top markets include and New York among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 107 $60,745,000 $567,710 $0 0.00%

    For 2022, Global Bank's most frequently originated type of loan was Conventional, with 107 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 95 $48,905,000 $514,789 $0 0.00%
    Cash Out Refi 10 $11,220,000 $1,122,000 $0 0.00%
    Home Improvement 1 $355,000 $355,000 $0 0.00%
    Refi 1 $265,000 $265,000 $0 0.00%

    For 2022, Global Bank's most frequently cited loan purpose was Home Purchase, with 95 originations. The 2nd most popular reason was Cash Out Refi, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 107 $60,745,000 $567,710 $0 0.00%

    For 2022, Global Bank's most frequently cited loan duration was Other, with 107 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 45 $21,315,000 $473,667 $0 0.00%
    $200k-400k 40 $13,850,000 $346,250 $0 0.00%
    $600k-1MM 19 $14,425,000 $759,211 $0 0.00%
    $1MM+ 3 $11,155,000 $3,718,333 $0 0.00%

    2022 saw Global Bank place emphasis on $400k-600k loans with 45 originations, totaling $21,315,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 40 $16,100,000 $402,500 $0 0.00%
    $100k-150k 35 $18,305,000 $523,000 $0 0.00%
    $150k-250k 14 $9,920,000 $708,571 $0 0.00%
    $50k-75k 12 $3,800,000 $316,667 $0 0.00%

    Global Bank lent most frequently to those with incomes in the $75k-100k range, with 40 originations. The second most popular income band? $100k-150k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 107 $60,745,000 $567,710 $0 0.00%

    Global Bank lent most frequently to those with DTI ratios of Exempt%, with 107 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 100 $47,460,000 $474,600 $0 0.00%
    Not applicable 6 $12,620,000 $2,103,333 $0 0.00%
    White 1 $665,000 $665,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.36%

    Global Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.11%

    Global Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 107 $60,745,000 $567,710

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    107 $60,745,000 $567,710