Shanghai Commercial Bank Ltd. Mortgage Rates, Fees & Info
NEW YORK, NYLEI: 5493007VDOR2RA6M9N63
Tax ID: 94-1713471
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Shanghai Commercial Bank Ltd. is a smaller bank specializing in Home Purchase and Refi loans. Shanghai Commercial Bank Ltd. has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, Los Angeles, Oxnard, New York, and Seattle among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Shanghai Commercial Bank Ltd. has an above average approval rate when compared to the average across all 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
30Origination Dollar Volume (All Markets)
$32,760,000Top 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 |
|---|---|---|---|---|---|
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 16 | $14,040,000 | $877,500 | $13,908 | 5.04% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 6 | $9,990,000 | $1,665,000 | $11,263 | 5.38% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $2,455,000 | $2,455,000 | $0 | 5.25% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $2,315,000 | $2,315,000 | $38,580 | 4.84% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 5.25% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $1,310,000 | $655,000 | $0 | 4.22% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $0 | 5.25% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 6.25% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 30 | $32,760,000 | $1,092,000 | $15,921 | 5.11% |
For 2018, Shanghai Commercial Bank Ltd.'s most frequently originated type of loan was Conventional, with 30 originations.
Loan Reason
For 2018, Shanghai Commercial Bank Ltd.'s most frequently cited loan purpose was Home Purchase, with 14 originations. The 2nd most popular reason was Refi, with 14 originations.
Loan Duration/Length
For 2018, Shanghai Commercial Bank Ltd.'s most frequently cited loan duration was 5 Year, with 18 originations. The 2nd most popular length was Other, with 10 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $5k+ | 3 | $6,225,000 | $2,075,000 |
| $1k-2k | 2 | $1,470,000 | $735,000 |
| $3k-4k | 1 | $605,000 | $605,000 |
| $4k-5k | 1 | $855,000 | $855,000 |
Shanghai Commercial Bank Ltd.'s average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 3 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 14 | $17,100,000 | $1,221,429 |
| 4-5% | 12 | $12,160,000 | $1,013,333 |
| 3-4% | 3 | $3,325,000 | $1,108,333 |
| 6-7% | 1 | $175,000 | $175,000 |
During 2018, Shanghai Commercial Bank Ltd.'s average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 14 originations.
Loan Sizing
2018 saw Shanghai Commercial Bank Ltd. place emphasis on $1MM+ loans with 12 originations, totaling $22,200,000 in origination value.
Applicant Income
Shanghai Commercial Bank Ltd. lent most frequently to those with incomes in the $250k+ range, with 9 originations. The second most popular income band? $150k-250k, with 5 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Asian | 21 | $21,195,000 | $1,009,286 | $15,921 | 5.07% |
| Not applicable | 9 | $11,565,000 | $1,285,000 | $0 | 5.21% |
Approval Rates
Total approvals of all applications100.00%
Shanghai Commercial Bank Ltd. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 30 | $32,760,000 | $1,092,000 |