Community Mortgage Banc Corporation Rates, Fees & Info

Springfield, IL

LEI: 549300B8C23BCNGJ4960

Tax ID: 37-1361315

5 stars - out of 5 stars, based on 39 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Community Mortgage Banc Corporation is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Community Mortgage Banc Corporation has a high proportion of conventional loans. Their top markets include Chicago, St. Joseph, Carbondale, Galesburg, and Warrensburg among others. Community Mortgage Banc Corporation has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Community Mortgage Banc Corporation is typically a low fee lendor.


Originations

1,523

Origination Dollar Volume (All Markets)

$217,085,000
Show all (17) awards

Relative Rate

Community Mortgage Banc Corporation's average 30 year fixed rate mortgage of loans were 3.2%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.05%.

Relative Fees

Community Mortgage Banc Corporation's average total fees for a 30 year fixed rate mortgage are $2,662.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Outside of Metro Areas 430 $55,870,000 $129,930 $2,310 3.02%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 154 $29,500,000 $191,558 $2,951 3.17%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 91 $13,745,000 $151,044 $1,967 3.05%
CARBONDALE-MARION, IL (FHA|USDA|VA) 99 $13,725,000 $138,636 $2,750 3.03%
Galesburg, IL (FHA|USDA|VA) 83 $8,845,000 $106,566 $2,555 2.85%
Warrensburg, MO (FHA|USDA|VA) 48 $8,700,000 $181,250 $1,846 3.16%
KANSAS CITY, MO-KS (FHA|USDA|VA) 33 $7,665,000 $232,273 $2,377 3.17%
Maryville, MO (FHA|USDA|VA) 46 $7,350,000 $159,783 $2,159 2.98%
Ottawa, IL (FHA|USDA|VA) 70 $6,770,000 $96,714 $2,586 3.36%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 63 $6,505,000 $103,254 $2,981 2.84%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 40 $6,230,000 $155,750 $2,016 2.93%
Paducah, KY-IL (FHA|USDA|VA) 38 $5,660,000 $148,947 $2,156 2.91%
ST. LOUIS, MO-IL (FHA|USDA|VA) 29 $4,965,000 $171,207 $2,756 3.04%
Centralia, IL (FHA|USDA|VA) 42 $4,910,000 $116,905 $2,618 3.13%
PEORIA, IL (FHA|USDA|VA) 35 $4,725,000 $135,000 $2,503 2.83%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 18 $3,710,000 $206,111 $4,782 2.95%
Quincy, IL-MO (FHA|USDA|VA) 23 $3,095,000 $134,565 $2,136 3.07%
Fort Leonard Wood, MO (FHA|USDA|VA) 21 $2,655,000 $126,429 $2,514 3.07%
COLUMBIA, MO (FHA|USDA|VA) 17 $2,185,000 $128,529 $2,110 3.13%
Rochelle, IL (FHA|USDA|VA) 14 $2,110,000 $150,714 $3,551 3.29%
Charleston-Mattoon, IL (FHA|USDA|VA) 15 $1,875,000 $125,000 $3,364 3.06%
Rolla, MO (FHA|USDA|VA) 11 $1,815,000 $165,000 $2,697 2.98%
DANVILLE, IL (FHA|USDA|VA) 9 $1,245,000 $138,333 $2,128 2.95%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 8 $1,080,000 $135,000 $1,779 2.97%
BLOOMINGTON, IL (FHA|USDA|VA) 5 $955,000 $191,000 $3,828 3.08%
BLOOMINGTON, IN (FHA|USDA|VA) 6 $910,000 $151,667 $2,881 3.21%
Vermillion, SD (FHA|USDA|VA) 3 $865,000 $288,333 $7,977 3.30%
Sterling, IL (FHA|USDA|VA) 7 $855,000 $122,143 $2,263 3.05%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 4 $730,000 $182,500 $2,421 2.94%
Dixon, IL (FHA|USDA|VA) 6 $660,000 $110,000 $2,920 3.11%
Jacksonville, IL (FHA|USDA|VA) 6 $500,000 $83,333 $2,288 2.37%
Clinton, IA (FHA|USDA|VA) 4 $450,000 $112,500 $2,105 3.23%
Mount Vernon, IL (FHA|USDA|VA) 4 $450,000 $112,500 $2,780 3.14%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 2 $390,000 $195,000 $3,202 3.26%
DECATUR, IL (FHA|USDA|VA) 4 $360,000 $90,000 $2,778 3.17%
Mexico, MO (FHA|USDA|VA) 2 $350,000 $175,000 $1,566 3.13%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $345,000 $345,000 $4,824 3.73%
Macomb, IL (FHA|USDA|VA) 6 $340,000 $56,667 $2,466 2.81%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $340,000 $170,000 $3,302 3.46%
KANKAKEE, IL (FHA|USDA|VA) 1 $325,000 $325,000 $1,306 3.30%
ROCKFORD, IL (FHA|USDA|VA) 3 $315,000 $105,000 $2,595 3.33%
JEFFERSON CITY, MO (FHA|USDA|VA) 2 $280,000 $140,000 $2,143 3.49%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $255,000 $255,000 $5,500 2.35%
Burlington, IA-IL (FHA|USDA|VA) 1 $245,000 $245,000 $4,134 3.20%
IOWA CITY, IA (FHA|USDA|VA) 1 $245,000 $245,000 $1,714 3.58%
Sedalia, MO (FHA|USDA|VA) 2 $240,000 $120,000 $1,857 3.13%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $235,000 $235,000 $3,794 3.05%
SPRINGFIELD, IL (FHA|USDA|VA) 1 $225,000 $225,000 $689 2.33%
Kirksville, MO (FHA|USDA|VA) 2 $200,000 $100,000 $2,555 3.29%
OCALA, FL (FHA|USDA|VA) 1 $195,000 $195,000 $3,112 3.23%
Effingham, IL (FHA|USDA|VA) 2 $180,000 $90,000 $2,770 3.19%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $165,000 $165,000 $3,322 2.75%
Lebanon, MO (FHA|USDA|VA) 1 $155,000 $155,000 $2,015 3.20%
Mayfield, KY (FHA|USDA|VA) 1 $155,000 $155,000 $2,376 3.28%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $135,000 $135,000 $2,575 3.33%
Hannibal, MO (FHA|USDA|VA) 2 $100,000 $50,000 $2,122 2.86%

Community Mortgage Banc Corporation's top markets include Chicago, St. Joseph, Carbondale, Galesburg, and Warrensburg among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,315 $191,875,000 $145,913 $2,317 3.03%
USDA 165 $16,945,000 $102,697 $3,456 3.15%
VA 43 $8,265,000 $192,209 $4,432 3.02%

For the 2021 period, Community Mortgage Banc Corporation's most frequently originated loan type of loans were Conventional, with 1,315 originations. Their 2nd most popular type is USDA, with 165 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 690 $93,060,000 $134,870 $2,702 3.15%
Refi 444 $69,930,000 $157,500 $2,205 2.92%
Cash Out Refi 388 $54,050,000 $139,304 $2,494 2.99%
Home Improvement 1 $45,000 $45,000 $1,635 2.38%

For the 2021, Community Mortgage Banc Corporation's most frequently cited loan purpose of loans were Home Purchase, with 690 originations. The 2nd most popular reason of loans were Refi, with 444 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,034 $158,690,000 $153,472 $2,662 3.20%
15 Year 292 $34,970,000 $119,760 $2,114 2.60%
20 Year 146 $19,000,000 $130,137 $2,279 3.01%
10 Year 50 $4,310,000 $86,200 $2,134 2.54%
Other 1 $115,000 $115,000 $1,784 3.25%

For the 2021, Community Mortgage Banc Corporation's most frequently cited loan length of loans were 30 Year, with 1,034 originations. The 2nd most popular length of loans were 15 Year, with 292 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 1,032 $145,250,000 $140,746
$1k-2k 336 $41,270,000 $122,827
$2k-3k 82 $13,320,000 $162,439
$3k-4k 36 $9,140,000 $253,889
$5k+ 16 $6,120,000 $382,500

$2,662 of loans were Community Mortgage Banc Corporation's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,032 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 800 $125,890,000 $157,363
2.5-3% 557 $71,625,000 $128,591
<2.5% 150 $16,520,000 $110,133
4-5% 16 $3,050,000 $190,625

During 2021, Community Mortgage Banc Corporation's average interest rate of loans were 3.20%, while their most frequently originated rate bucket of loans were 3-4%, with 800 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 672 $95,620,000 $142,292 $2,423 3.05%
$100,000 or less 551 $38,935,000 $70,662 $2,250 2.93%
$200k-400k 277 $72,105,000 $260,307 $2,990 3.22%
$400k-600k 23 $10,425,000 $453,261 $4,878 3.34%

2021 saw Community Mortgage Banc Corporation place emphasis on $100k-200k loans with 672 originations, totaling $95,620,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k or less 445 $40,105,000 $90,124 $2,357 3.03%
$50k-75k 413 $52,295,000 $126,622 $2,528 3.05%
$75k-100k 285 $46,245,000 $162,263 $2,351 3.06%
$100k-150k 279 $54,975,000 $197,043 $2,707 3.04%
$150k-250k 85 $19,615,000 $230,765 $2,827 3.04%
$250k+ 16 $3,850,000 $240,625 $3,313 2.97%

Community Mortgage Banc Corporation lent most frequently to those with incomes in the $50k or less range, with 445 originations. The second most popular income band? $50k-75k, with 413 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 502 $69,360,000 $138,167 $2,447 2.99%
30-36% 341 $49,145,000 $144,120 $2,465 3.06%
<20% 203 $24,365,000 $120,025 $2,371 2.92%
40% 74 $10,530,000 $142,297 $2,561 3.19%
36% 68 $10,570,000 $155,441 $2,615 3.14%
39% 64 $10,140,000 $158,438 $2,668 3.13%
37% 55 $8,085,000 $147,000 $2,625 3.13%
38% 47 $6,955,000 $147,979 $2,516 3.13%
42% 32 $4,970,000 $155,313 $2,604 3.08%
41% 31 $5,245,000 $169,194 $2,841 3.10%
43% 27 $4,405,000 $163,148 $3,050 3.14%
44% 25 $4,275,000 $171,000 $2,646 3.20%
48% 18 $2,960,000 $164,444 $2,076 3.24%
46% 12 $2,130,000 $177,500 $2,412 3.06%
49% 9 $1,335,000 $148,333 $3,169 2.87%
47% 7 $1,065,000 $152,143 $2,569 3.06%
45% 7 $1,375,000 $196,429 $3,629 3.09%
>60% 1 $175,000 $175,000 $3,510 2.63%

Community Mortgage Banc Corporation lent most frequently to those with DTI ratios of 20-30%, with 502 originations. The next most common DTI ratio? 30-36%, with 341 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,458 $207,230,000 $142,133 $2,486 3.04%
Not provided 44 $6,620,000 $150,455 $2,823 3.13%
Asian 6 $1,210,000 $201,667 $2,902 3.18%
American Indian 7 $1,065,000 $152,143 $4,247 3.07%
Black 8 $960,000 $120,000 $1,961 3.01%

Approval Rates

Total approvals of all applications
88.44%

Community Mortgage Banc Corporation has an average approval rate.

Pick Rate

Approvals leading to origination
79.75%

Community Mortgage Banc Corporation has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,523 $217,085,000 $142,538

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,523 $217,085,000 $142,538

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 79 $7,445,000 $94,241 $2,016 2.72%
40-60% 232 $31,730,000 $136,767 $2,122 2.85%
60-80% 550 $85,230,000 $154,964 $2,466 3.03%
80-100% 649 $91,255,000 $140,609 $2,710 3.17%
Over 100% 5 $965,000 $193,000 $5,243 2.98%
Under 20% 8 $460,000 $57,500 $2,128 2.72%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
COMMUNITY MORTGAGE CORPORATION FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%