Profile Bank Mortgage Rates, Fees & Info
ROCHESTER, NHLEI: 549300IAYBMO4VREUX25
Tax ID: 02-0237826
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Profile Bank is a smaller bank specializing in Home Purchase loans. Profile Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Portland, and Laconia 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 a below 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
58Origination Dollar Volume (All Markets)
$15,410,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 25 | $8,295,000 | $331,800 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 23 | $5,285,000 | $229,783 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 6 | $1,000,000 | $166,667 | $0 | 0.00% |
| Laconia, NH (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 58 | $15,410,000 | $265,690 | $0 | 0.00% |
For 2022, Profile Bank's most frequently originated type of loan was Conventional, with 58 originations.
Loan Reason
For 2022, Profile Bank's most frequently cited loan purpose was Home Purchase, with 28 originations. The 2nd most popular reason was Refi, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 58 | $15,410,000 | $265,690 | $0 | 0.00% |
For 2022, Profile Bank's most frequently cited loan duration was Other, with 58 originations.
Loan Sizing
2022 saw Profile Bank place emphasis on $200k-400k loans with 26 originations, totaling $8,240,000 in origination value.
Applicant Income
Profile Bank lent most frequently to those with incomes in the $100k-150k range, with 16 originations. The second most popular income band? $150k-250k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 58 | $15,410,000 | $265,690 | $0 | 0.00% |
Profile Bank lent most frequently to those with DTI ratios of Exempt%, with 58 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications68.81%
Profile Bank has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination75.86%
Profile Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 58 | $15,410,000 | $265,690 |