Benchmark Bank Mortgage Rates, Fees & Info
PLANO, TXLEI: 549300FF2P6I0N4FHD29
Tax ID: 75-1163748
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Mortgage Data
Review & Overview
Benchmark Bank is a smaller bank specializing in Home Purchase loans. Benchmark Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Austin, Houston, Edwards, and Corpus Christi among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Benchmark 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
78Origination Dollar Volume (All Markets)
$60,430,000Top 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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 39 | $36,285,000 | $930,385 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 26 | $12,900,000 | $496,154 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $2,775,000 | $555,000 | $0 | 0.00% |
| Edwards, CO (FHA|USDA|VA) | 1 | $2,145,000 | $2,145,000 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $1,325,000 | $1,325,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $1,205,000 | $1,205,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $730,000 | $365,000 | $0 | 0.00% |
| Granbury, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 78 | $60,430,000 | $774,744 | $0 | 0.00% |
For 2018, Benchmark Bank's most frequently originated type of loan was Conventional, with 78 originations.
Loan Reason
For 2018, Benchmark Bank's most frequently cited loan purpose was Home Purchase, with 68 originations. The 2nd most popular reason was Refi, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 78 | $60,430,000 | $774,744 | $0 | 0.00% |
For 2018, Benchmark Bank's most frequently cited loan duration was Other, with 78 originations.
Loan Sizing
2018 saw Benchmark Bank place emphasis on $600k-1MM loans with 25 originations, totaling $19,045,000 in origination value.
Applicant Income
Benchmark Bank lent most frequently to those with incomes in the $250k+ range, with 27 originations. The second most popular income band? $150k-250k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 78 | $60,430,000 | $774,744 | $0 | 0.00% |
Benchmark Bank lent most frequently to those with DTI ratios of Exempt%, with 78 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.92%
Benchmark 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 origination80.77%
Benchmark Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 78 | $60,430,000 | $774,744 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 4 | $4,440,000 | $1,110,000 |
| Single Family (1-4 Units):Site-Built | 74 | $55,990,000 | $756,622 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANKUNITED, NATIONAL ASSOCIATION | Conventional home mortgage | Struggling to pay mortgage | 1 | 14.3% |
| BANKUNITED, NATIONAL ASSOCIATION | Conventional home mortgage | Trouble during payment process | 4 | 57.1% |
| BANKUNITED, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 14.3% |
| BANKUNITED, NATIONAL ASSOCIATION | Other type of mortgage | Closing on a mortgage | 1 | 14.3% |