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, Huntsville, and Big Spring among others. We have data for 12 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
54Origination Dollar Volume (All Markets)
$41,280,000Top 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) | 26 | $20,890,000 | $803,462 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 14 | $11,150,000 | $796,429 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $2,765,000 | $921,667 | $0 | 0.00% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $1,165,000 | $1,165,000 | $0 | 0.00% |
| Big Spring, TX (FHA|USDA|VA) | 1 | $1,125,000 | $1,125,000 | $0 | 0.00% |
| Key West, FL (FHA|USDA|VA) | 1 | $955,000 | $955,000 | $0 | 0.00% |
| Athens, TX (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $0 | 0.00% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 0.00% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| Taos, NM (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| Oxford, MS (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $210,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 54 | $41,280,000 | $764,444 | $0 | 0.00% |
For 2019, Benchmark Bank's most frequently originated type of loan was Conventional, with 54 originations.
Loan Reason
For 2019, Benchmark Bank's most frequently cited loan purpose was Home Purchase, with 37 originations. The 2nd most popular reason was Home Improvement, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 54 | $41,280,000 | $764,444 | $0 | 0.00% |
For 2019, Benchmark Bank's most frequently cited loan duration was Other, with 54 originations.
Loan Sizing
2019 saw Benchmark Bank place emphasis on $600k-1MM loans with 17 originations, totaling $13,165,000 in origination value.
Applicant Income
Benchmark Bank lent most frequently to those with incomes in the $250k+ range, with 24 originations. The second most popular income band? $100k-150k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 54 | $41,280,000 | $764,444 | $0 | 0.00% |
Benchmark Bank lent most frequently to those with DTI ratios of Exempt%, with 54 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.86%
Benchmark Bank has an average approval rate.
Pick Rate
Approvals leading to origination79.63%
Benchmark Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 54 | $41,280,000 | $764,444 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 3 | $4,155,000 | $1,385,000 |
| Single Family (1-4 Units):Site-Built | 51 | $37,125,000 | $727,941 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANKUNITED, NATIONAL ASSOCIATION | Conventional home mortgage | Trouble during payment process | 1 | 25.0% |
| BANKUNITED, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 25.0% |
| BANKUNITED, NATIONAL ASSOCIATION | Other type of mortgage | Closing on a mortgage | 1 | 25.0% |
| BANKUNITED, NATIONAL ASSOCIATION | Other type of mortgage | Trouble during payment process | 1 | 25.0% |