The Union Bank Mortgage Rates, Fees & Info
MARKSVILLE, LALEI: 5493006YCLWVGSC17563
Tax ID: 72-0340040
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Union Bank is a smaller bank specializing in Refi and Home Purchase loans. The Union Bank has a high proportion of conventional loans. Their top markets by origination volume include: Alexandria, New Orleans, Lafayette, Baton Rouge, and Natchitoches among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)The Union 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
164Origination Dollar Volume (All Markets)
$28,610,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 107 | $10,235,000 | $95,654 | $0 | 0.00% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 45 | $10,195,000 | $226,556 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $3,515,000 | $3,515,000 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 4 | $2,550,000 | $637,500 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 2 | $1,320,000 | $660,000 | $0 | 0.00% |
| Natchitoches, LA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $0 | 0.00% |
| Opelousas, LA (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 0.00% |
| Natchez, MS-LA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 164 | $28,610,000 | $174,451 | $0 | 0.00% |
For 2018, The Union Bank's most frequently originated type of loan was Conventional, with 164 originations.
Loan Reason
For 2018, The Union Bank's most frequently cited loan purpose was Refi, with 88 originations. The 2nd most popular reason was Home Purchase, with 52 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 164 | $28,610,000 | $174,451 | $0 | 0.00% |
For 2018, The Union Bank's most frequently cited loan duration was Other, with 164 originations.
Loan Sizing
2018 saw The Union Bank place emphasis on $100,000 or less loans with 121 originations, totaling $5,505,000 in origination value.
Applicant Income
The Union Bank lent most frequently to those with incomes in the $50k or less range, with 40 originations. The second most popular income band? $50k-75k, with 27 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 164 | $28,610,000 | $174,451 | $0 | 0.00% |
The Union Bank lent most frequently to those with DTI ratios of Exempt%, with 164 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.71%
The Union Bank has an average approval rate.
Pick Rate
Approvals leading to origination90.85%
The Union Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 164 | $28,610,000 | $174,451 |