Fidelity National Bank Mortgage Rates, Fees & Info
WEST MEMPHIS, ARLEI: 549300GDAFL5HNJKDR03
Tax ID: 62-0754619
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Mortgage Data
Review & Overview
Fidelity National Bank is a smaller bank specializing in Home Purchase loans. Fidelity National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Memphis, Forrest City, and Jonesboro among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Fidelity National Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
62Origination Dollar Volume (All Markets)
$5,130,000Top 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 |
|---|---|---|---|---|---|
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 52 | $4,390,000 | $84,423 | $0 | 0.00% |
| Forrest City, AR (FHA|USDA|VA) | 4 | $330,000 | $82,500 | $0 | 0.00% |
| JONESBORO, AR (FHA|USDA|VA) | 4 | $310,000 | $77,500 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $100,000 | $50,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 62 | $5,130,000 | $82,742 | $0 | 0.00% |
For 2019, Fidelity National Bank's most frequently originated type of loan was Conventional, with 62 originations.
Loan Reason
For 2019, Fidelity National Bank's most frequently cited loan purpose was Home Purchase, with 32 originations. The 2nd most popular reason was Home Improvement, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 62 | $5,130,000 | $82,742 | $0 | 0.00% |
For 2019, Fidelity National Bank's most frequently cited loan duration was Other, with 62 originations.
Loan Sizing
2019 saw Fidelity National Bank place emphasis on $100,000 or less loans with 45 originations, totaling $2,175,000 in origination value.
Applicant Income
Fidelity National Bank lent most frequently to those with incomes in the $100k-150k range, with 13 originations. The second most popular income band? $50k-75k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 62 | $5,130,000 | $82,742 | $0 | 0.00% |
Fidelity National Bank lent most frequently to those with DTI ratios of Exempt%, with 62 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 45 | $3,825,000 | $85,000 | $0 | 0.00% |
| Not applicable | 6 | $710,000 | $118,333 | $0 | 0.00% |
| Black | 11 | $595,000 | $54,091 | $0 | 0.00% |
Approval Rates
Total approvals of all applications96.92%
Fidelity National 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 origination98.39%
Fidelity National Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 62 | $5,130,000 | $82,742 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Fidelity National Financial, Inc | Reverse mortgage | Trouble during payment process | 1 | 11.1% |
| Fidelity National Financial, Inc | Other type of mortgage | Struggling to pay mortgage | 1 | 11.1% |
| Fidelity National Financial, Inc | Other type of mortgage | Trouble during payment process | 1 | 11.1% |
| Fidelity National Financial, Inc | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 11.1% |
| Fidelity National Financial, Inc | Conventional home mortgage | Closing on a mortgage | 2 | 22.2% |
| Fidelity National Financial, Inc | Conventional home mortgage | Trouble during payment process | 1 | 11.1% |
| Fidelity National Financial, Inc | Other type of mortgage | Closing on a mortgage | 2 | 22.2% |