Triad Bank Mortgage Rates, Fees & Info
Frontenac, MOLEI: 549300514215EBX5I696
Tax ID: 34-2033556
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Mortgage Data
Review & Overview
Triad Bank is a smaller bank specializing in Home Purchase and Refi loans. Triad Bank has a high proportion of conventional loans. Their top two markets are St. Louis and Chattanooga .Triad 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.
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Originations
37Origination Dollar Volume (All Markets)
$18,145,000Top 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 |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 36 | $17,590,000 | $488,611 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 37 | $18,145,000 | $490,405 | $0 | 0.00% |
For 2023, Triad Bank's most frequently originated type of loan was Conventional, with 37 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 26 | $10,270,000 | $395,000 | $0 | 0.00% |
| Refi | 8 | $7,540,000 | $942,500 | $0 | 0.00% |
| Home Improvement | 3 | $335,000 | $111,667 | $0 | 0.00% |
For 2023, Triad Bank's most frequently cited loan purpose was Home Purchase, with 26 originations. The 2nd most popular reason was Refi, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 37 | $18,145,000 | $490,405 | $0 | 0.00% |
For 2023, Triad Bank's most frequently cited loan duration was Other, with 37 originations.
Loan Sizing
2023 saw Triad Bank place emphasis on $200k-400k loans with 11 originations, totaling $3,505,000 in origination value.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 37 | $18,145,000 | $490,405 | $0 | 0.00% |
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 29 | $14,955,000 | $515,690 | $0 | 0.00% |
| White | 8 | $3,190,000 | $398,750 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Triad 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 origination94.59%
Triad Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 37 | $18,145,000 | $490,405 |