Riverview Community Bank Mortgage Rates, Fees & Info
Vancouver, WALEI: 549300JPVHG8M0ADBX36
Tax ID: 91-1609689
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Riverview Community Bank is a smaller bank specializing in Home Purchase loans. Riverview Community Bank has a high proportion of conventional loans. Their top two markets are Portland and Longview .Riverview Community 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
8Origination Dollar Volume (All Markets)
$40,750,000Top 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 |
|---|---|---|---|---|---|
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 7 | $40,365,000 | $5,766,429 | $0 | 0.00% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 8 | $40,750,000 | $5,093,750 | $0 | 0.00% |
For 2023, Riverview Community Bank's most frequently originated type of loan was Conventional, with 8 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 7 | $40,715,000 | $5,816,429 | $0 | 0.00% |
| Refi | 1 | $35,000 | $35,000 | $0 | 0.00% |
For 2023, Riverview Community Bank's most frequently cited loan purpose was Home Purchase, with 7 originations. The 2nd most popular reason was Refi, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 8 | $40,750,000 | $5,093,750 | $0 | 0.00% |
For 2023, Riverview Community Bank's most frequently cited loan duration was Other, with 8 originations.
Loan Sizing
2023 saw Riverview Community Bank place emphasis on $1MM+ loans with 5 originations, totaling $39,575,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 1 | $35,000 | $35,000 | $0 | 0.00% |
Riverview Community Bank lent most frequently to those with incomes in the $250k+ range, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 8 | $40,750,000 | $5,093,750 | $0 | 0.00% |
Riverview Community Bank lent most frequently to those with DTI ratios of Exempt%, with 8 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 7 | $40,715,000 | $5,816,429 | $0 | 0.00% |
| White | 1 | $35,000 | $35,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications91.11%
Riverview Community Bank has an average approval rate.
Pick Rate
Approvals leading to origination-175.00%
Riverview Community 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 | 8 | $40,750,000 | $5,093,750 |