Wells Bank Mortgage Rates, Fees & Info
Platte City, MOLEI: 549300BJ6EOJ9EF6JB96
Tax ID: 44-0482800
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Wells Bank is a smaller bank specializing in Home Purchase and Refi loans. Wells Bank has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, Maryville, St. Joseph, Wichita, and Tulsa among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Wells Bank has an above 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
207Origination Dollar Volume (All Markets)
$63,305,000Top 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 |
|---|---|---|---|---|---|
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 127 | $45,975,000 | $362,008 | $0 | 0.00% |
| Maryville, MO (FHA|USDA|VA) | 31 | $6,975,000 | $225,000 | $0 | 0.00% |
| Outside of Metro Areas | 17 | $3,475,000 | $204,412 | $0 | 0.00% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 19 | $2,285,000 | $120,263 | $0 | 0.00% |
| WICHITA, KS (FHA|USDA|VA) | 6 | $1,830,000 | $305,000 | $0 | 0.00% |
| TULSA, OK (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $0 | 0.00% |
| Warrensburg, MO (FHA|USDA|VA) | 1 | $1,125,000 | $1,125,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Kirksville, MO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 207 | $63,305,000 | $305,821 | $0 | 0.00% |
For 2022, Wells Bank's most frequently originated type of loan was Conventional, with 207 originations.
Loan Reason
For 2022, Wells Bank's most frequently cited loan purpose was Home Purchase, with 155 originations. The 2nd most popular reason was Refi, with 43 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 207 | $63,305,000 | $305,821 | $0 | 0.00% |
For 2022, Wells Bank's most frequently cited loan duration was Other, with 207 originations.
Loan Sizing
2022 saw Wells Bank place emphasis on $200k-400k loans with 87 originations, totaling $26,315,000 in origination value.
Applicant Income
Wells Bank lent most frequently to those with incomes in the $100k-150k range, with 28 originations. The second most popular income band? $150k-250k, with 25 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 207 | $63,305,000 | $305,821 | $0 | 0.00% |
Wells Bank lent most frequently to those with DTI ratios of Exempt%, with 207 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.04%
Wells Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination88.89%
Wells Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 207 | $63,305,000 | $305,821 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| WELLS FARGO & COMPANY | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 4 | 13.8% |
| WELLS FARGO & COMPANY | Conventional home mortgage | Closing on a mortgage | 3 | 10.3% |
| WELLS FARGO & COMPANY | Conventional home mortgage | Incorrect information on your report | 1 | 3.4% |
| WELLS FARGO & COMPANY | Conventional home mortgage | Struggling to pay mortgage | 4 | 13.8% |
| WELLS FARGO & COMPANY | Conventional home mortgage | Trouble during payment process | 10 | 34.5% |
| WELLS FARGO & COMPANY | FHA mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 3.4% |
| WELLS FARGO & COMPANY | FHA mortgage | Struggling to pay mortgage | 3 | 10.3% |
| WELLS FARGO & COMPANY | FHA mortgage | Trouble during payment process | 2 | 6.9% |
| WELLS FARGO & COMPANY | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.4% |