Bank Of Commerce & Trust Co Mortgage Rates, Fees & Info
Crowley, LALEI: 54930080XWOQPR6ST055
Tax ID: 72-0124890
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Mortgage Data
Review & Overview
Bank Of Commerce & Trust Co is a smaller bank specializing in Refi and Home Purchase loans. Bank Of Commerce & Trust Co has a high proportion of conventional loans. Their top two markets are Lafayette and Opelousas .Bank Of Commerce & Trust Co has an 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
33Origination Dollar Volume (All Markets)
$3,615,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| LAFAYETTE, LA (FHA|USDA|VA) | 31 | $3,175,000 | $102,419 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Opelousas, LA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 33 | $3,615,000 | $109,545 | $0 | 0.00% |
For 2019, Bank Of Commerce & Trust Co's most frequently originated type of loan was Conventional, with 33 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 18 | $1,870,000 | $103,889 | $0 | 0.00% |
| Home Purchase | 12 | $1,450,000 | $120,833 | $0 | 0.00% |
| Home Improvement | 3 | $295,000 | $98,333 | $0 | 0.00% |
For 2019, Bank Of Commerce & Trust Co's most frequently cited loan purpose was Refi, with 18 originations. The 2nd most popular reason was Home Purchase, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 33 | $3,615,000 | $109,545 | $0 | 0.00% |
For 2019, Bank Of Commerce & Trust Co's most frequently cited loan duration was Other, with 33 originations.
Loan Sizing
2019 saw Bank Of Commerce & Trust Co place emphasis on $100k-200k loans with 16 originations, totaling $2,030,000 in origination value.
Applicant Income
Bank Of Commerce & Trust Co lent most frequently to those with incomes in the $50k-75k range, with 8 originations. The second most popular income band? $100k-150k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 33 | $3,615,000 | $109,545 | $0 | 0.00% |
Bank Of Commerce & Trust Co lent most frequently to those with DTI ratios of Exempt%, with 33 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 27 | $2,795,000 | $103,519 | $0 | 0.00% |
| Not applicable | 6 | $820,000 | $136,667 | $0 | 0.00% |
Approval Rates
Total approvals of all applications88.37%
Bank Of Commerce & Trust Co has an average approval rate.
Pick Rate
Approvals leading to origination84.85%
Bank Of Commerce & Trust Co has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 33 | $3,615,000 | $109,545 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 2 | $80,000 | $40,000 |
| Single Family (1-4 Units):Site-Built | 31 | $3,535,000 | $114,032 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF THE WEST | Conventional home mortgage | Struggling to pay mortgage | 1 | 7.1% |
| BANK OF THE WEST | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Trouble during payment process | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Closing on a mortgage | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Trouble during payment process | 2 | 14.3% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Conventional home mortgage | Trouble during payment process | 6 | 42.9% |