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 markets by origination volume include: St. Louis, Edwards, Naples, Phoenix, and Branson among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)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
56Origination Dollar Volume (All Markets)
$25,280,000Top 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) | 50 | $18,660,000 | $373,200 | $0 | 0.00% |
| Edwards, CO (FHA|USDA|VA) | 1 | $4,005,000 | $4,005,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $1,165,000 | $1,165,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $920,000 | $460,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| Branson, MO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 56 | $25,280,000 | $451,429 | $0 | 0.00% |
For 2019, Triad Bank's most frequently originated type of loan was Conventional, with 56 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 46 | $20,120,000 | $437,391 | $0 | 0.00% |
| Refi | 9 | $5,085,000 | $565,000 | $0 | 0.00% |
| Home Improvement | 1 | $75,000 | $75,000 | $0 | 0.00% |
For 2019, Triad Bank's most frequently cited loan purpose was Home Purchase, with 46 originations. The 2nd most popular reason was Refi, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 56 | $25,280,000 | $451,429 | $0 | 0.00% |
For 2019, Triad Bank's most frequently cited loan duration was Other, with 56 originations.
Loan Sizing
2019 saw Triad Bank place emphasis on $100k-200k loans with 15 originations, totaling $2,405,000 in origination value.
Applicant Income
Triad Bank lent most frequently to those with incomes in the $50k-75k range, with 3 originations. The second most popular income band? $100k-150k, with 2 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 56 | $25,280,000 | $451,429 | $0 | 0.00% |
Triad Bank lent most frequently to those with DTI ratios of Exempt%, with 56 originations.
Ethnicity Mix
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 origination94.64%
Triad Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 56 | $25,280,000 | $451,429 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 10 | $6,530,000 | $653,000 |
| Single Family (1-4 Units):Site-Built | 46 | $18,750,000 | $407,609 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TRIAD FINANCIAL SERVICES, INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 14.3% |
| TRIAD FINANCIAL SERVICES, INC. | Conventional home mortgage | Closing on a mortgage | 2 | 28.6% |
| TRIAD FINANCIAL SERVICES, INC. | Conventional home mortgage | Trouble during payment process | 2 | 28.6% |
| TRIAD FINANCIAL SERVICES, INC. | Other type of mortgage | Closing on a mortgage | 1 | 14.3% |
| TRIAD FINANCIAL SERVICES, INC. | Other type of mortgage | Trouble during payment process | 1 | 14.3% |