Swbc Mortgage Corporation

San Antonio, TX 78216

LEI: 549300DMYENRV818D594

Tax ID: 74-2508160

2019 Data | 2018 Data


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