Jlb Corporation Mortgage Rates, Fees & Info
Clayton, MOLEI: 549300DX0B304LAKUN93
Tax ID: 43-1901144
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Mortgage Data
Review & Overview
Jlb Corporation is a smaller mortgage company specializing in Cash Out Refi loans. Jlb Corporation has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: St. Louis, Kansas City, Pittsburgh, Denver, and Portland among others. We have data for 46 markets. (Some data included below & more in-depth data is available with an active subscription.)Jlb Corporation 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. Jlb Corporation is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.97% | 4/21/24 |
| 30 Year Conventional Refi | 6.81% | 4/21/24 |
| 30 Year Cash-out Refi | 7.04% | 4/21/24 |
| 30 Year FHA Purchase | 7.39% | 4/21/24 |
| 30 Year FHA Refi | 7.14% | 4/21/24 |
| 30 Year VA Purchase | 6.27% | 4/21/24 |
| 30 Year VA Refi | 6.27% | 4/21/24 |
| 30 Year USDA Purchase | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 6.54% | 4/21/24 |
| 15 Year Conventional Refi | 6.37% | 4/21/24 |
| 15 Year Cash-out Refi | 6.37% | 4/21/24 |
| 15 Year FHA Refi | 6.70% | 4/21/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Jlb Corporation Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,639Origination Dollar Volume (All Markets)
$459,535,000Awards
JLB CORPORATION - 2018
JLB CORPORATION is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1,110 | $187,090,000 | $168,550 | $5,097 | 4.71% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 535 | $89,685,000 | $167,636 | $5,585 | 4.75% |
| PITTSBURGH, PA (FHA|USDA|VA) | 534 | $83,740,000 | $156,816 | $5,910 | 4.71% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 147 | $39,565,000 | $269,150 | $6,333 | 4.61% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 64 | $17,410,000 | $272,031 | $6,927 | 4.63% |
| Outside of Metro Areas | 56 | $8,090,000 | $144,464 | $4,562 | 4.73% |
| GREELEY, CO (FHA|USDA|VA) | 21 | $5,245,000 | $249,762 | $5,803 | 4.68% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 21 | $3,145,000 | $149,762 | $6,315 | 4.63% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 16 | $2,830,000 | $176,875 | $6,312 | 4.55% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 16 | $2,600,000 | $162,500 | $6,131 | 4.45% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 15 | $2,455,000 | $163,667 | $5,909 | 4.80% |
| LAWRENCE, KS (FHA|USDA|VA) | 13 | $2,015,000 | $155,000 | $5,497 | 5.07% |
| New Castle, PA (FHA|USDA|VA) | 15 | $1,955,000 | $130,333 | $6,301 | 4.74% |
| SALEM, OR (FHA|USDA|VA) | 10 | $1,890,000 | $189,000 | $6,670 | 4.50% |
| FORT COLLINS, CO (FHA|USDA|VA) | 4 | $1,200,000 | $300,000 | $6,181 | 4.84% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $5,258 | 5.06% |
| Indiana, PA (FHA|USDA|VA) | 7 | $925,000 | $132,143 | $5,027 | 4.98% |
| Farmington, MO (FHA|USDA|VA) | 6 | $870,000 | $145,000 | $5,801 | 4.79% |
| TOPEKA, KS (FHA|USDA|VA) | 5 | $735,000 | $147,000 | $6,021 | 4.50% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $7,633 | 4.75% |
| Ottawa, KS (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $3,987 | 5.16% |
| Meadville, PA (FHA|USDA|VA) | 5 | $505,000 | $101,000 | $5,163 | 4.98% |
| LONGVIEW, WA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $8,637 | 4.38% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $14,927 | 5.13% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $9,857 | 4.88% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $8,814 | 4.75% |
| Maryville, MO (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,398 | 4.88% |
| Atchison, KS (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $9,661 | 3.88% |
| Warrensburg, MO (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $4,863 | 4.75% |
| Fort Morgan, CO (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $5,634 | 4.69% |
| KOKOMO, IN (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $4,731 | 4.31% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,227 | 4.50% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,176 | 4.88% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $9,550 | 4.25% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $5,632 | 5.00% |
| Oil City, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,502 | 5.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,156 | 5.75% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,929 | 4.75% |
| Mount Vernon, IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,146 | 4.50% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,458 | 4.25% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,867 | 4.75% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,104 | 3.75% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,324 | 4.63% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,320 | 4.50% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,138 | 5.00% |
| Fort Leonard Wood, MO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,039 | 4.38% |
Similar Lenders
We use machine learning to identify the top lenders compared against JLB CORPORATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2018, Jlb Corporation's most frequently originated type of loan was Conventional, with 1,452 originations. Their 2nd most popular type was FHA, with 1,146 originations.
Loan Reason
For 2018, Jlb Corporation's most frequently cited loan purpose was Cash Out Refi, with 1,834 originations. The 2nd most popular reason was Refi, with 499 originations.
Loan Duration/Length
For 2018, Jlb Corporation's most frequently cited loan duration was 30 Year, with 1,997 originations. The 2nd most popular length was 15 Year, with 442 originations.
Origination Fees/Closing Costs
Jlb Corporation's average total fees were $5,669, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 1,610 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 1,632 | $284,100,000 | $174,081 |
| 5-6% | 615 | $104,585,000 | $170,057 |
| 3-4% | 364 | $65,770,000 | $180,687 |
| 6-7% | 27 | $4,975,000 | $184,259 |
| Over 8% | 1 | $105,000 | $105,000 |
During 2018, Jlb Corporation's average interest rate for loans was 4.81%, while their most frequently originated rate bucket for loans was 4-5%, with 1,632 originations.
Loan Sizing
2018 saw Jlb Corporation place emphasis on $100k-200k loans with 1,329 originations, totaling $193,775,000 in origination value.
Applicant Income
Jlb Corporation lent most frequently to those with incomes in the $50k-75k range, with 785 originations. The second most popular income band? $50k or less, with 628 originations.
Applicant Debt to Income Ratio
Jlb Corporation lent most frequently to those with DTI ratios of 30-36%, with 457 originations. The next most common DTI ratio? 20-30%, with 416 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.09%
Jlb Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination61.69%
Jlb Corporation has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,639 | $459,535,000 | $174,132 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 2,639 | $459,535,000 | $174,132 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| JLB CORPORATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |