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: 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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Originations
45Origination Dollar Volume (All Markets)
$97,005,000Top 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 |
|---|---|---|---|---|---|
| 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% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 45 | $97,005,000 | $2,155,667 | $0 | 0.00% |
For 2022, Fortis Private Bank's most frequently originated type of loan was Conventional, with 45 originations.
Loan Reason
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 Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 45 | $97,005,000 | $2,155,667 | $0 | 0.00% |
For 2022, Fortis Private Bank's most frequently cited loan duration was Other, with 45 originations.
Loan Sizing
2022 saw Fortis Private Bank place emphasis on $1MM+ loans with 33 originations, totaling $89,575,000 in origination value.
Applicant Income
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 |
|---|---|---|---|---|---|
| Exempt% | 45 | $97,005,000 | $2,155,667 | $0 | 0.00% |
Fortis Private Bank lent most frequently to those with DTI ratios of Exempt%, with 45 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.04%
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 origination57.78%
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 |
|---|---|---|---|
| Exempt | 45 | $97,005,000 | $2,155,667 |