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
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Mortgage Data
Review & Overview
Shanghai Commercial Bank Ltd. is a smaller bank specializing in Home Purchase loans. Shanghai Commercial Bank Ltd. has a high proportion of conventional loans. Their top (well, only) market is New York.Shanghai Commercial Bank Ltd. has an above average approval rate when compared to the average across all lenders.
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Originations
1Origination Dollar Volume (All Markets)
$665,000Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $0 | 2.53% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1 | $665,000 | $665,000 | $0 | 2.53% |
For 2020, Shanghai Commercial Bank Ltd.'s most frequently originated type of loan was Conventional, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 1 | $665,000 | $665,000 | $0 | 2.53% |
For 2020, Shanghai Commercial Bank Ltd.'s most frequently cited loan purpose was Home Purchase, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 10 Year | 1 | $665,000 | $665,000 | $0 | 2.53% |
For 2020, Shanghai Commercial Bank Ltd.'s most frequently cited loan duration was 10 Year, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 1 | $665,000 | $665,000 |
During 2020, Shanghai Commercial Bank Ltd.'s average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $600k-1MM | 1 | $665,000 | $665,000 | $0 | 2.53% |
2020 saw Shanghai Commercial Bank Ltd. place emphasis on $600k-1MM loans with 1 originations, totaling $665,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $75k-100k | 1 | $665,000 | $665,000 | $0 | 2.53% |
Shanghai Commercial Bank Ltd. lent most frequently to those with incomes in the $75k-100k range, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Asian | 1 | $665,000 | $665,000 | $0 | 2.53% |
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 | 1 | $665,000 | $665,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 1 | $665,000 | $665,000 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 60-80% | 1 | $665,000 | $665,000 | $0 | 2.53% |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| SUNCOAST CREDIT UNION | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |