Ubank Mortgage Rates, Fees & Info
Jellico, TNLEI: 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 markets by origination volume include: Knoxville, London, and Middlesborough among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)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
49Origination Dollar Volume (All Markets)
$3,505,000Top 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 |
|---|---|---|---|---|---|
| KNOXVILLE, TN (FHA|USDA|VA) | 31 | $2,625,000 | $84,677 | $0 | 0.00% |
| London, KY (FHA|USDA|VA) | 13 | $605,000 | $46,538 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $225,000 | $75,000 | $0 | 0.00% |
| Middlesborough, KY (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 49 | $3,505,000 | $71,531 | $0 | 0.00% |
For 2019, Ubank's most frequently originated type of loan was Conventional, with 49 originations.
Loan Reason
For 2019, Ubank's most frequently cited loan purpose was Refi, with 26 originations. The 2nd most popular reason was Home Purchase, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 49 | $3,505,000 | $71,531 | $0 | 0.00% |
For 2019, Ubank's most frequently cited loan duration was Other, with 49 originations.
Loan Sizing
2019 saw Ubank place emphasis on $100,000 or less loans with 42 originations, totaling $1,680,000 in origination value.
Applicant Income
Ubank lent most frequently to those with incomes in the $50k or less range, with 27 originations. The second most popular income band? $75k-100k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 49 | $3,505,000 | $71,531 | $0 | 0.00% |
Ubank lent most frequently to those with DTI ratios of Exempt%, with 49 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 48 | $3,320,000 | $69,167 | $0 | 0.00% |
| Not applicable | 1 | $185,000 | $185,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications92.59%
Ubank has an average approval rate.
Pick Rate
Approvals leading to origination97.96%
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 | 49 | $3,505,000 | $71,531 |