Profile Bank Mortgage Rates, Fees & Info
ROCHESTER, NHLEI: 549300IAYBMO4VREUX25
Tax ID: 02-0237826
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Mortgage Data
Review & Overview
Profile Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Profile Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Laconia, and Portland among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Profile Bank has an 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
76Origination Dollar Volume (All Markets)
$17,040,000Top 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 |
|---|---|---|---|---|---|
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 32 | $6,980,000 | $218,125 | $0 | 0.00% |
| Outside of Metro Areas | 23 | $5,285,000 | $229,783 | $0 | 0.00% |
| Laconia, NH (FHA|USDA|VA) | 15 | $3,245,000 | $216,333 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 6 | $1,530,000 | $255,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 76 | $17,040,000 | $224,211 | $0 | 0.00% |
For 2019, Profile Bank's most frequently originated type of loan was Conventional, with 76 originations.
Loan Reason
For 2019, Profile Bank's most frequently cited loan purpose was Home Purchase, with 34 originations. The 2nd most popular reason was Cash Out Refi, with 20 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 76 | $17,040,000 | $224,211 | $0 | 0.00% |
For 2019, Profile Bank's most frequently cited loan duration was Other, with 76 originations.
Loan Sizing
2019 saw Profile Bank place emphasis on $200k-400k loans with 33 originations, totaling $8,675,000 in origination value.
Applicant Income
Profile Bank lent most frequently to those with incomes in the $150k-250k range, with 20 originations. The second most popular income band? $100k-150k, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 76 | $17,040,000 | $224,211 | $0 | 0.00% |
Profile Bank lent most frequently to those with DTI ratios of Exempt%, with 76 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.25%
Profile Bank has a below average approval rate.
Pick Rate
Approvals leading to origination67.11%
Profile Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 76 | $17,040,000 | $224,211 |