Community Trust Mortgage Rates, Fees & Info
Gurnee, ILLEI: 549300KZRQ03T8H2Y769
Tax ID: 36-1932435
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Mortgage Data
Review & Overview
Community Trust is a smaller mortgage company specializing in Refi loans. Community Trust has a high proportion of conventional loans. Their top (well, only) market is Chicago.Community Trust has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
123Origination Dollar Volume (All Markets)
$19,345,000Top 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 |
---|---|---|---|---|---|
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 123 | $19,345,000 | $157,276 | $0 | 0.00% |
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 123 | $19,345,000 | $157,276 | $0 | 0.00% |
For 2020, Community Trust's most frequently originated type of loan was Conventional, with 123 originations.
Loan Reason
For 2020, Community Trust's most frequently cited loan purpose was Refi, with 81 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Other | 123 | $19,345,000 | $157,276 | $0 | 0.00% |
For 2020, Community Trust's most frequently cited loan duration was Other, with 123 originations.
Loan Sizing
2020 saw Community Trust place emphasis on $100k-200k loans with 63 originations, totaling $9,235,000 in origination value.
Applicant Income
Community Trust lent most frequently to those with incomes in the $100k-150k range, with 36 originations. The second most popular income band? $75k-100k, with 28 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Exempt% | 123 | $19,345,000 | $157,276 | $0 | 0.00% |
Community Trust lent most frequently to those with DTI ratios of Exempt%, with 123 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.50%
Community Trust has an average approval rate.
Pick Rate
Approvals leading to origination97.56%
Community Trust has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
Exempt | 123 | $19,345,000 | $157,276 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
Single Family (1-4 Units):Site-Built | 123 | $19,345,000 | $157,276 |
Complaints
Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
COMMUNITY BANK SYSTEM, INC. | Conventional home mortgage | Struggling to pay mortgage | 1 | 33.3% |
COMMUNITY BANK SYSTEM, INC. | Conventional home mortgage | Trouble during payment process | 1 | 33.3% |
COMMUNITY BANK SYSTEM, INC. | Other type of mortgage | Closing on a mortgage | 1 | 33.3% |