Fidelity National Bank Mortgage Rates, Fees & Info

WEST MEMPHIS, AR

LEI: 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

62

Origination Dollar Volume (All Markets)

$5,130,000

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
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%
Fidelity National Bank's top markets include Memphis, Forrest City, and Jonesboro among others.

Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 32 $3,170,000 $99,063 $0 0.00%
    Home Improvement 9 $575,000 $63,889 $0 0.00%
    Other 8 $180,000 $22,500 $0 0.00%
    Cash Out Refi 8 $620,000 $77,500 $0 0.00%
    Refi 5 $585,000 $117,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 45 $2,175,000 $48,333 $0 0.00%
    $100k-200k 12 $1,670,000 $139,167 $0 0.00%
    $200k-400k 4 $860,000 $215,000 $0 0.00%
    $400k-600k 1 $425,000 $425,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 13 $835,000 $64,231 $0 0.00%
    $50k-75k 12 $830,000 $69,167 $0 0.00%
    $75k-100k 11 $755,000 $68,636 $0 0.00%
    $150k-250k 7 $495,000 $70,714 $0 0.00%
    $50k or less 7 $445,000 $63,571 $0 0.00%
    $250k+ 5 $995,000 $199,000 $0 0.00%

    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 applications
    96.92%

    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 origination
    98.39%

    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

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $95,000 $95,000
    Single Family (1-4 Units):Manufactured 2 $130,000 $65,000
    Single Family (1-4 Units):Site-Built 59 $4,905,000 $83,136

    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%