Fortis Private Bank Mortgage Rates, Fees & Info
Denver, COLEI: 549300J3KQJDSZQIMM59
Tax ID: 84-1389363
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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
9Origination Dollar Volume (All Markets)
$15,585,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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
Approval Rates
Total approvals of all applications100.00%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 9 | $15,585,000 | $1,731,667 |