Fortis Private Bank Mortgage Rates, Fees & Info

Denver, CO

LEI: 549300J3KQJDSZQIMM59

Tax ID: 84-1389363

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Fortis 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: Denver, Provo, Salt Lake City, and Heber among others. We have data for 4 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.

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Originations

9

Origination Dollar Volume (All Markets)

$15,585,000

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
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $9,330,000 $2,332,500 $0 0.00%
PROVO-OREM, UT (FHA|USDA|VA) 2 $4,140,000 $2,070,000 $0 0.00%
SALT LAKE CITY, UT (FHA|USDA|VA) 2 $1,470,000 $735,000 $0 0.00%
Heber, UT (FHA|USDA|VA) 1 $645,000 $645,000 $0 0.00%
Fortis Private Bank's top markets include Denver, Provo, Salt Lake City, and Heber among others.

Their top states include:
  • Colorado (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 9 $15,585,000 $1,731,667 $0 0.00%

    For 2023, Fortis Private Bank's most frequently originated type of loan was Conventional, with 9 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 8 $15,300,000 $1,912,500 $0 0.00%
    Cash Out Refi 1 $285,000 $285,000 $0 0.00%

    For 2023, Fortis Private Bank's most frequently cited loan purpose was Home Purchase, with 8 originations. The 2nd most popular reason was Cash Out Refi, with 1 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 9 $15,585,000 $1,731,667 $0 0.00%

    For 2023, Fortis Private Bank's most frequently cited loan duration was Other, with 9 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 5 $14,305,000 $2,861,000 $0 0.00%
    $200k-400k 2 $520,000 $260,000 $0 0.00%
    $100k-200k 1 $115,000 $115,000 $0 0.00%
    $600k-1MM 1 $645,000 $645,000 $0 0.00%

    2023 saw Fortis Private Bank place emphasis on $1MM+ loans with 5 originations, totaling $14,305,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 2 $3,400,000 $1,700,000 $0 0.00%
    $100k-150k 1 $285,000 $285,000 $0 0.00%

    Fortis Private Bank lent most frequently to those with incomes in the $250k+ range, with 2 originations. The second most popular income band? $100k-150k, with 1 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 9 $15,585,000 $1,731,667 $0 0.00%

    Fortis Private Bank lent most frequently to those with DTI ratios of Exempt%, with 9 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 6 $11,900,000 $1,983,333 $0 0.00%
    White 2 $3,400,000 $1,700,000 $0 0.00%
    Not provided 1 $285,000 $285,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    Fortis Private 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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 9 $15,585,000 $1,731,667

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    9 $15,585,000 $1,731,667