Bank Of Commerce And Trust Company Mortgage Rates, Fees & Info
Wellington, KSLEI: 549300HO7BEGRS02VS53
Tax ID: 48-0347860
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Mortgage Data
Review & Overview
Bank Of Commerce And Trust Company is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Bank Of Commerce And Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Wichita, Winfield, Hutchinson, Stillwater, and Manhattan among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of Commerce And Trust Company has an above average approval rate when compared to the average across all lenders.
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Originations
66Origination Dollar Volume (All Markets)
$5,300,000Top 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 |
|---|---|---|---|---|---|
| WICHITA, KS (FHA|USDA|VA) | 47 | $3,215,000 | $68,404 | $0 | 0.00% |
| Winfield, KS (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $0 | 0.00% |
| Outside of Metro Areas | 11 | $485,000 | $44,091 | $0 | 0.00% |
| Hutchinson, KS (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 0.00% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| MANHATTAN, KS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Ponca City, OK (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 66 | $5,300,000 | $80,303 | $0 | 0.00% |
For 2019, Bank Of Commerce And Trust Company's most frequently originated type of loan was Conventional, with 66 originations.
Loan Reason
For 2019, Bank Of Commerce And Trust Company's most frequently cited loan purpose was Home Purchase, with 36 originations. The 2nd most popular reason was Cash Out Refi, with 19 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 66 | $5,300,000 | $80,303 | $0 | 0.00% |
For 2019, Bank Of Commerce And Trust Company's most frequently cited loan duration was Other, with 66 originations.
Loan Sizing
2019 saw Bank Of Commerce And Trust Company place emphasis on $100,000 or less loans with 53 originations, totaling $1,815,000 in origination value.
Applicant Income
Bank Of Commerce And Trust Company lent most frequently to those with incomes in the $50k-75k range, with 16 originations. The second most popular income band? $50k or less, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 66 | $5,300,000 | $80,303 | $0 | 0.00% |
Bank Of Commerce And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 66 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 60 | $4,960,000 | $82,667 | $0 | 0.00% |
| Not applicable | 5 | $325,000 | $65,000 | $0 | 0.00% |
| Black | 1 | $15,000 | $15,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications97.06%
Bank Of Commerce And Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 66 | $5,300,000 | $80,303 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 3 | $215,000 | $71,667 |
| Single Family (1-4 Units):Site-Built | 63 | $5,085,000 | $80,714 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF THE WEST | Conventional home mortgage | Struggling to pay mortgage | 1 | 7.1% |
| BANK OF THE WEST | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Trouble during payment process | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Closing on a mortgage | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Trouble during payment process | 2 | 14.3% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Conventional home mortgage | Trouble during payment process | 6 | 42.9% |