Evertrust Bank Mortgage Rates, Fees & Info
City of Industry, CALEI: 54930061WAHBLUL0RW61
Tax ID: 95-4500914
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Mortgage Data
Review & Overview
Evertrust Bank is a smaller bank specializing in Home Purchase and Refi loans. Evertrust Bank has a high proportion of conventional loans. Their top two markets are Los Angeles and Riverside .Evertrust 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
44Origination Dollar Volume (All Markets)
$92,950,000Top 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) | 37 | $90,845,000 | $2,455,270 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 7 | $2,105,000 | $300,714 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 44 | $92,950,000 | $2,112,500 | $0 | 0.00% |
For 2019, Evertrust Bank's most frequently originated type of loan was Conventional, with 44 originations.
Loan Reason
For 2019, Evertrust Bank's most frequently cited loan purpose was Home Purchase, with 31 originations. The 2nd most popular reason was Refi, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 44 | $92,950,000 | $2,112,500 | $0 | 0.00% |
For 2019, Evertrust Bank's most frequently cited loan duration was Other, with 44 originations.
Loan Sizing
2019 saw Evertrust Bank place emphasis on $1MM+ loans with 24 originations, totaling $83,590,000 in origination value.
Applicant Income
Evertrust Bank lent most frequently to those with incomes in the $150k-250k range, with 10 originations. The second most popular income band? $250k+, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 44 | $92,950,000 | $2,112,500 | $0 | 0.00% |
Evertrust Bank lent most frequently to those with DTI ratios of Exempt%, with 44 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 23 | $82,135,000 | $3,571,087 | $0 | 0.00% |
| Asian | 21 | $10,815,000 | $515,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications90.32%
Evertrust Bank has an average approval rate.
Pick Rate
Approvals leading to origination72.73%
Evertrust Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 44 | $92,950,000 | $2,112,500 |