Fortis Private Bank Mortgage Rates, Fees & InfoDenver, CO
Tax ID: 84-1389363
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewFortis Private Bank is a smaller bank specializing in Home Purchase loans. Fortis Private Bank has a high proportion of conventional loans. Their top markets by origination volume include: Heber, Denver, Provo, Salt Lake City, and Greeley among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)
Fortis Private Bank has an above 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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Origination Dollar Volume (All Markets)$97,005,000
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|
|Heber, UT (FHA|USDA|VA)||14||$35,720,000||$2,551,429||$0||0.00%|
|DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA)||12||$28,720,000||$2,393,333||$0||0.00%|
|PROVO-OREM, UT (FHA|USDA|VA)||6||$9,490,000||$1,581,667||$0||0.00%|
|SALT LAKE CITY, UT (FHA|USDA|VA)||6||$9,040,000||$1,506,667||$0||0.00%|
|GREELEY, CO (FHA|USDA|VA)||1||$4,755,000||$4,755,000||$0||0.00%|
|Outside of Metro Areas||1||$3,755,000||$3,755,000||$0||0.00%|
|LOGAN, UT-ID (FHA|USDA|VA)||1||$1,685,000||$1,685,000||$0||0.00%|
|BOULDER, CO (FHA|USDA|VA)||1||$1,655,000||$1,655,000||$0||0.00%|
|FORT COLLINS, CO (FHA|USDA|VA)||1||$1,405,000||$1,405,000||$0||0.00%|
|Edwards, CO (FHA|USDA|VA)||1||$525,000||$525,000||$0||0.00%|
|AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA)||1||$255,000||$255,000||$0||0.00%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Fortis Private Bank's most frequently originated type of loan was Conventional, with 45 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||5||$9,895,000||$1,979,000||$0||0.00%|
For 2022, Fortis Private Bank's most frequently cited loan purpose was Home Purchase, with 33 originations. The 2nd most popular reason was Cash Out Refi, with 5 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Fortis Private Bank's most frequently cited loan duration was Other, with 45 originations.
|Loan Size||Originations||Total Value||Average Loan||Average Fees||Average Rate|
2022 saw Fortis Private Bank place emphasis on $1MM+ loans with 33 originations, totaling $89,575,000 in origination value.
|Applicant Income||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Fortis Private Bank lent most frequently to those with incomes in the $250k+ range, with 33 originations. The second most popular income band? $150k-250k, with 3 originations.
Applicant Debt to Income Ratio
|DTI Ratio||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Fortis Private Bank lent most frequently to those with DTI ratios of Exempt%, with 45 originations.
|Applicant Ethnicity||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Approval RatesTotal approvals of all applications
Fortis Private Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Fortis Private 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|