Ubank Mortgage Rates, Fees & Info

Jellico, TN

LEI: 549300BG5GYUSWMP2R94

Tax ID: 62-0391070

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Mortgage Data

Review & Overview

Ubank is a smaller bank specializing in Refi and Home Purchase loans. Ubank has a high proportion of conventional loans. Their top two markets are Knoxville and London .

Ubank 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

46

Origination Dollar Volume (All Markets)

$3,490,000

Top 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
KNOXVILLE, TN (FHA|USDA|VA) 35 $2,785,000 $79,571 $0 0.00%
London, KY (FHA|USDA|VA) 10 $690,000 $69,000 $0 0.00%
Outside of Metro Areas 1 $15,000 $15,000 $0 0.00%
Ubank's top markets include Knoxville and London among others.

Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 46 $3,490,000 $75,870 $0 0.00%

    For 2018, Ubank's most frequently originated type of loan was Conventional, with 46 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 24 $1,320,000 $55,000 $0 0.00%
    Home Purchase 18 $2,030,000 $112,778 $0 0.00%
    Other 3 $85,000 $28,333 $0 0.00%
    Home Improvement 1 $55,000 $55,000 $0 0.00%

    For 2018, Ubank's most frequently cited loan purpose was Refi, with 24 originations. The 2nd most popular reason was Home Purchase, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 46 $3,490,000 $75,870 $0 0.00%

    For 2018, Ubank's most frequently cited loan duration was Other, with 46 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 39 $1,785,000 $45,769 $0 0.00%
    $100k-200k 3 $435,000 $145,000 $0 0.00%
    $200k-400k 3 $865,000 $288,333 $0 0.00%
    $400k-600k 1 $405,000 $405,000 $0 0.00%

    2018 saw Ubank place emphasis on $100,000 or less loans with 39 originations, totaling $1,785,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 20 $1,040,000 $52,000 $0 0.00%
    $50k-75k 13 $675,000 $51,923 $0 0.00%
    $100k-150k 5 $765,000 $153,000 $0 0.00%
    $250k+ 3 $195,000 $65,000 $0 0.00%
    $75k-100k 3 $335,000 $111,667 $0 0.00%
    $150k-250k 1 $355,000 $355,000 $0 0.00%

    Ubank lent most frequently to those with incomes in the $50k or less range, with 20 originations. The second most popular income band? $50k-75k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 46 $3,490,000 $75,870 $0 0.00%

    Ubank lent most frequently to those with DTI ratios of Exempt%, with 46 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 45 $3,365,000 $74,778 $0 0.00%
    Not applicable 1 $125,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.16%

    Ubank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    97.83%

    Ubank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 46 $3,490,000 $75,870

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 10 $430,000 $43,000
    Single Family (1-4 Units):Site-Built 36 $3,060,000 $85,000