Swbc Mortgage Corporation

San Antonio, TX 78216

LEI: 549300DMYENRV818D594

Tax ID: 74-2508160

2019 Data | 2018 Data


Jump to:

  • Originations
  • Product Mix
  • Loan Reason
  • Top Markets
  • Typical Rates
  • Loan Sizes
  • Loan to Value Info
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees
  • Dwelling Types

    • Overview

    Swbc Mortgage Corporation is a small mortgage company specializing in Home Purchase and Refi loans. Swbc Mortgage Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Denver, Nashville, Atlanta, Houston, and San Antonio among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Swbc Mortgage Corporation is typically a low fee medium-low fee lendor.


    Originations

    14,028

    Origination Dollar Volume (All Markets)

    $3,703,890,000

    Product Mix

    Loan Type Originations Total Value Average Loan
    Conventional 10,001 $2,739,545,000 $273,927
    FHA 2,280 $500,480,000 $219,509
    VA 1,536 $429,740,000 $279,779
    USDA 211 $34,125,000 $161,730

    Conventional loans are assumed to be 20% downpayment and either fixed/adjustable rate. FHA loans start at 3.5% downpayment and are targeted towards first time homebuyers who will be owner-occupants. USDA loans target agrarian uses such as farms. VA loans are available to members of the military. FHA, USDA and VA loans are typically subsidized by the government so as to have more favorable terms for the borrower.

    Loan Reason

    Loan Reason Originations Total Value Average Loan
    Home Purchase 9,960 $2,479,310,000 $248,927
    Home Improvement 1,341 $353,705,000 $263,762
    Refi 2,686 $859,350,000 $319,937
    Cash Out Refi 41 $11,525,000 $281,098

    Home purchase and refinance loans are typically offered by even the most prudent banks. Cash out refi loans typically carry higher fees-- they allow homeowners to get loans against the equity (appreciated value) of their home, but can be used irresponsibly. Lendors with a high ratio of cash out refi loans may be exposed in the event of an economic downturn, and may be more aggressive with their fee schedules.

    Top Markets

    Market Originations Total Value Average Loan
    DENVER-AURORA-LAKEWOOD, CO 1,322 $491,580,000 $371,846
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 1,843 $481,705,000 $261,370
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 943 $216,415,000 $229,496
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX 828 $202,780,000 $244,903
    SAN ANTONIO-NEW BRAUNFELS, TX 690 $194,930,000 $282,507
    DALLAS-PLANO-IRVING, TX 637 $192,425,000 $302,080
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 480 $181,460,000 $378,042
    BALTIMORE-COLUMBIA-TOWSON, MD 568 $174,510,000 $307,236
    AUSTIN-ROUND ROCK-GEORGETOWN, TX 450 $147,230,000 $327,178
    Outside of Metro Areas 704 $144,730,000 $205,582
    JACKSONVILLE, FL 597 $110,975,000 $185,888
    WACO, TX 474 $98,770,000 $208,376
    BOULDER, CO 200 $97,980,000 $489,900
    KILLEEN-TEMPLE, TX 401 $82,985,000 $206,945
    OGDEN-CLEARFIELD, UT 305 $80,935,000 $265,361
    LAS VEGAS-HENDERSON-PARADISE, NV 273 $73,495,000 $269,212
    WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 175 $48,185,000 $275,343
    PORT ST. LUCIE, FL 220 $45,350,000 $206,136
    OKLAHOMA CITY, OK 226 $44,230,000 $195,708
    FORT WORTH-ARLINGTON-GRAPEVINE, TX 163 $42,175,000 $258,742
    SAVANNAH, GA 192 $40,830,000 $212,656
    ROANOKE, VA 166 $32,150,000 $193,675
    FREDERICK-GAITHERSBURG-ROCKVILLE, MD 85 $32,015,000 $376,647
    TAMPA-ST. PETERSBURG-CLEARWATER, FL 159 $30,215,000 $190,031
    BATON ROUGE, LA 118 $25,660,000 $217,458
    HOT SPRINGS, AR 150 $25,010,000 $166,733
    GREELEY, CO 71 $24,935,000 $351,197
    MOBILE, AL 149 $22,775,000 $152,852
    MIAMI-MIAMI BEACH-KENDALL, FL 69 $22,305,000 $323,261
    ABILENE, TX 107 $21,885,000 $204,533
    HINESVILLE, GA 118 $21,240,000 $180,000
    SALT LAKE CITY, UT 55 $18,445,000 $335,364
    NEW ORLEANS-METAIRIE, LA 61 $15,405,000 $252,541
    CLARKSVILLE, TN-KY 83 $14,785,000 $178,133
    FORT SMITH, AR-OK 76 $11,270,000 $148,289
    COLORADO SPRINGS, CO 33 $9,415,000 $285,303
    GREENVILLE-ANDERSON, SC 49 $9,355,000 $190,918
    PALM BAY-MELBOURNE-TITUSVILLE, FL 60 $9,070,000 $151,167
    TEXARKANA, TX-AR 62 $8,730,000 $140,806
    FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 30 $8,320,000 $277,333
    FORT COLLINS, CO 23 $7,965,000 $346,304
    DAPHNE-FAIRHOPE-FOLEY, AL 32 $6,930,000 $216,563
    BRUNSWICK, GA 18 $6,730,000 $373,889
    HAMMOND, LA 26 $6,300,000 $242,308
    ROME, GA 37 $5,755,000 $155,541
    LEXINGTON-FAYETTE, KY 34 $5,690,000 $167,353
    WILMINGTON, DE-MD-NJ 21 $5,195,000 $247,381
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA 6 $4,370,000 $728,333
    PROVO-OREM, UT 12 $4,310,000 $359,167
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 20 $4,150,000 $207,500
    LYNCHBURG, VA 23 $3,995,000 $173,696
    SEBASTIAN-VERO BEACH, FL 19 $3,685,000 $193,947
    CORPUS CHRISTI, TX 15 $3,255,000 $217,000
    Outside of Metro Areas 5 $3,035,000 $607,000
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR 14 $2,710,000 $193,571
    PHOENIX-MESA-CHANDLER, AZ 6 $2,610,000 $435,000
    MIDLAND, TX 9 $2,435,000 $270,556
    SPARTANBURG, SC 16 $2,360,000 $147,500
    NORTH PORT-SARASOTA-BRADENTON, FL 9 $2,175,000 $241,667
    HAGERSTOWN-MARTINSBURG, MD-WV 9 $2,145,000 $238,333
    ST. GEORGE, UT 7 $2,065,000 $295,000
    COLLEGE STATION-BRYAN, TX 11 $2,055,000 $186,818
    ORLANDO-KISSIMMEE-SANFORD, FL 7 $1,925,000 $275,000
    LOGAN, UT-ID 9 $1,875,000 $208,333
    HOUMA-THIBODAUX, LA 7 $1,845,000 $263,571
    SALISBURY, MD-DE 8 $1,720,000 $215,000
    RICHMOND, VA 7 $1,685,000 $240,714
    YORK-HANOVER, PA 8 $1,600,000 $200,000
    RALEIGH-CARY, NC 5 $1,525,000 $305,000
    TYLER, TX 7 $1,485,000 $212,143
    WINCHESTER, VA-WV 4 $1,330,000 $332,500
    RENO, NV 2 $1,330,000 $665,000
    CHATTANOOGA, TN-GA 6 $1,270,000 $211,667
    CALIFORNIA-LEXINGTON PARK, MD 4 $1,250,000 $312,500
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 4 $1,210,000 $302,500
    CHARLESTON-NORTH CHARLESTON, SC 5 $1,205,000 $241,000
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 5 $1,165,000 $233,000
    LUBBOCK, TX 7 $1,145,000 $163,571
    HILTON HEAD ISLAND-BLUFFTON, SC 4 $1,110,000 $277,500
    CLEVELAND-ELYRIA, OH 10 $1,100,000 $110,000
    OCALA, FL 5 $1,015,000 $203,000
    JACKSON, MS 2 $1,010,000 $505,000
    ANAHEIM-SANTA ANA-IRVINE, CA 2 $1,010,000 $505,000
    KNOXVILLE, TN 4 $960,000 $240,000
    SHERMAN-DENISON, TX 3 $935,000 $311,667
    GRAND JUNCTION, CO 4 $910,000 $227,500
    DURHAM-CHAPEL HILL, NC 2 $900,000 $450,000
    DALTON, GA 4 $880,000 $220,000
    GAINESVILLE, GA 4 $860,000 $215,000
    WARREN-TROY-FARMINGTON HILLS, MI 4 $850,000 $212,500
    TULSA, OK 4 $740,000 $185,000
    CAPE CORAL-FORT MYERS, FL 3 $715,000 $238,333
    TALLAHASSEE, FL 3 $695,000 $231,667
    LAFAYETTE, LA 3 $695,000 $231,667
    PUEBLO, CO 5 $685,000 $137,000
    COLUMBIA, SC 3 $635,000 $211,667
    BROWNSVILLE-HARLINGEN, TX 5 $635,000 $127,000
    BAKERSFIELD, CA 3 $605,000 $201,667
    WARNER ROBINS, GA 4 $590,000 $147,500
    LONGVIEW, TX 5 $585,000 $117,000
    LAKELAND-WINTER HAVEN, FL 5 $575,000 $115,000
    BOWLING GREEN, KY 2 $530,000 $265,000
    CHARLOTTE-CONCORD-GASTONIA, NC-SC 2 $510,000 $255,000
    BLACKSBURG-CHRISTIANSBURG, VA 3 $505,000 $168,333
    GREENSBORO-HIGH POINT, NC 2 $490,000 $245,000
    PUNTA GORDA, FL 3 $475,000 $158,333
    ELIZABETHTOWN-FORT KNOX, KY 1 $475,000 $475,000
    LOS ANGELES-LONG BEACH-GLENDALE, CA 1 $455,000 $455,000
    ODESSA, TX 2 $450,000 $225,000
    CARSON CITY, NV 1 $445,000 $445,000
    VALDOSTA, GA 6 $440,000 $73,333
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 1 $405,000 $405,000
    CINCINNATI, OH-KY-IN 2 $400,000 $200,000
    HUNTSVILLE, AL 3 $395,000 $131,667
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 3 $395,000 $131,667
    DOVER, DE 2 $380,000 $190,000
    COLUMBUS, GA-AL 2 $370,000 $185,000
    MEMPHIS, TN-MS-AR 2 $360,000 $180,000
    TWIN FALLS, ID 1 $345,000 $345,000
    PHILADELPHIA, PA 1 $345,000 $345,000
    OAKLAND-BERKELEY-LIVERMORE, CA 1 $335,000 $335,000
    MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 1 $335,000 $335,000
    HARRISONBURG, VA 1 $335,000 $335,000
    VICTORIA, TX 1 $315,000 $315,000
    CLEVELAND, TN 2 $290,000 $145,000
    CHARLOTTESVILLE, VA 1 $265,000 $265,000
    GETTYSBURG, PA 1 $265,000 $265,000
    LANSING-EAST LANSING, MI 1 $265,000 $265,000
    TUSCALOOSA, AL 2 $240,000 $120,000
    CUMBERLAND, MD-WV 1 $235,000 $235,000
    NEWARK, NJ-PA 1 $225,000 $225,000
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 1 $225,000 $225,000
    MCALLEN-EDINBURG-MISSION, TX 1 $225,000 $225,000
    JACKSONVILLE, NC 1 $215,000 $215,000
    PRESCOTT VALLEY-PRESCOTT, AZ 1 $215,000 $215,000
    LOUISVILLE/JEFFERSON COUNTY, KY-IN 1 $215,000 $215,000
    PENSACOLA-FERRY PASS-BRENT, FL 1 $195,000 $195,000
    ENID, OK 1 $195,000 $195,000
    BEAUMONT-PORT ARTHUR, TX 1 $185,000 $185,000
    PITTSBURGH, PA 1 $185,000 $185,000
    GAINESVILLE, FL 1 $175,000 $175,000
    HOMOSASSA SPRINGS, FL 1 $155,000 $155,000
    IDAHO FALLS, ID 1 $155,000 $155,000
    DECATUR, AL 1 $155,000 $155,000
    AMARILLO, TX 1 $145,000 $145,000
    SAN ANGELO, TX 1 $145,000 $145,000
    GOLDSBORO, NC 1 $145,000 $145,000
    JACKSON, TN 1 $135,000 $135,000
    SEBRING-AVON PARK, FL 1 $135,000 $135,000
    SUMTER, SC 1 $115,000 $115,000
    GRAND RAPIDS-KENTWOOD, MI 1 $105,000 $105,000
    JONESBORO, AR 1 $95,000 $95,000
    ERIE, PA 1 $65,000 $65,000
    WICHITA FALLS, TX 1 $65,000 $65,000
    LAREDO, TX 1 $65,000 $65,000
    GULFPORT-BILOXI, MS 1 $65,000 $65,000

    Lendors vary in competitiveness at the per market level-- meaning they may have better terms, deals or promotions based on the mortgaged property's location.

    Interest Rate & Spreads

    Loan Rate Originations Total Value Average Loan
    <2.5% 254 $2,980,000 $11,732
    2.5-3% 48 $11,400,000 $237,500
    3-4% 6,022 $1,751,220,000 $290,804
    4-5% 6,645 $1,718,015,000 $258,543
    5-6% 1,021 $208,895,000 $204,598
    6-7% 18 $6,680,000 $371,111
    7-8% 15 $3,985,000 $265,667
    Over 8% 1 $675,000 $675,000

    Loan Sizing

    Loan Size Originations Total Value Average Loan
    $100,000 or less 949 $52,125,000 $54,926
    $100k-200k 4,316 $675,610,000 $156,536
    $200k-400k 6,661 $1,859,085,000 $279,100
    $400k-600k 1,724 $811,720,000 $470,835
    $600k-1000k 324 $233,450,000 $720,525
    $Over $1MM 54 $71,900,000 $1,331,481

    Different banks have different objectives. Some banks focus solely on high net worth individuals. Others focus on FHA loans for lower income applicants. Knowing what a bank specializes in allows better optimization given the applicant's financial situation.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    20-40% 268 $50,310,000 $187,724
    40-60% 907 $231,565,000 $255,309
    60-80% 3,711 $1,074,845,000 $289,638
    80-100% 8,456 $2,245,980,000 $265,608
    Over 100% 355 $96,955,000 $273,113
    Under 20% 331 $4,235,000 $12,795

    LTV, or loan-to-value, is the amount loaned relative to a home's value. Lower LTV lending implies a larger downpayment-- reducing risk to the lendor. FHA loans will nearly always have a higher LTV due to the lower downpayment requirements. Higher LTVs may also mean a bank is charging higher fees or interest rates to compensate for their risk exposure.

    Applicant Income

    Applicant Income Originations Total Value Average Loan
    $100k-150k 2,902 $885,300,000 $305,065
    $150k-250k 1,735 $660,735,000 $380,827
    $50k-75k 3,516 $708,810,000 $201,596
    $50k-or less 2,698 $469,690,000 $174,088
    $75k-100k 2,478 $619,010,000 $249,802
    $Over $250k 699 $360,345,000 $515,515

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan
    White 11,158 $2,985,950,000 $267,606
    Not provided 1,355 $358,545,000 $264,609
    Black 904 $201,450,000 $222,843
    Asian 439 $114,895,000 $261,720
    American Indian 105 $23,695,000 $225,667
    Asian Indian 22 $8,110,000 $368,636
    Native Hawaiian 20 $5,040,000 $252,000
    Other Asian 12 $2,360,000 $196,667
    Filipino 6 $1,390,000 $231,667
    Chinese 3 $1,215,000 $405,000
    Korean 1 $525,000 $525,000
    Other Pacific Islander 2 $480,000 $240,000
    Vietnamese 1 $235,000 $235,000

    Approval Rates

    Total approvals of all applications
    96.49%

    A high approval rate means banks are more selective in who they market to or that they are loosey-goosey with who they lend to. Low approval rates may mean a lendor is more stringent in their lending standards.

    Pick Rate

    Approvals leading to origination
    82.93%

    A bank's pick rate is how often they are chosen by an applicant once approved. A high pick rate typically means the bank has some sort of advantage-- either the best terms (rates/fees), fastest closing time or even the best customer service. Banks with <75% pick rate may need further investigation as to why they are not more competitive.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 14,028 $3,703,890,000 $264,036

    Origination Fees

    Origination Fee Originations Total Value Average Loan
    $<1k 7,212 $1,774,010,000 $245,980
    $1k-2k 4,628 $1,292,400,000 $279,257
    $2k-3k 982 $243,230,000 $247,688
    $3k-4k 881 $250,435,000 $284,262
    $5k+ 324 $143,630,000 $443,302

    Banks make money on their float/interest spread (fees charged to borrowers vs fees they pay for their capital), for servicing loans, as well as charging origination fees when a loan is disbursed. Modern low-cost efficient lendors can have fees totaling less than $500 for many mortgages-- as low as $250 in some cases. Average lendors will be in the $1k-2k range and high cost lendors will be even more. The costs incurred by the bank will be similar no matter the loan amount, so this is to be viewed as a profit center for most banks.

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 14,028 $3,703,890,000 $264,036