Union Bank Mortgage Rates, Fees & Info
Greenville, NCLEI: 549300LN7FRX3PP2LO74
Tax ID: 56-2094762
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Union Bank is a smaller bank specializing in Home Purchase and Refi loans. Union Bank has a high proportion of conventional loans. Their top markets by origination volume include: Greenville, Raleigh, Wilmington, Jacksonville, and Morehead City among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)Union Bank has an above 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
125Origination Dollar Volume (All Markets)
$52,855,000Top 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 |
|---|---|---|---|---|---|
| GREENVILLE, NC (FHA|USDA|VA) | 39 | $13,225,000 | $339,103 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 14 | $12,010,000 | $857,857 | $0 | 0.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 11 | $6,585,000 | $598,636 | $0 | 0.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 6 | $4,030,000 | $671,667 | $0 | 0.00% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $3,455,000 | $3,455,000 | $0 | 0.00% |
| NEW BERN, NC (FHA|USDA|VA) | 12 | $3,270,000 | $272,500 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $2,555,000 | $2,555,000 | $0 | 0.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 9 | $1,895,000 | $210,556 | $0 | 0.00% |
| GOLDSBORO, NC (FHA|USDA|VA) | 13 | $1,605,000 | $123,462 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $1,225,000 | $245,000 | $0 | 0.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $0 | 0.00% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $0 | 0.00% |
| Henderson, NC (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| BURLINGTON, NC (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 0.00% |
| Washington, NC (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 0.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Kinston, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 125 | $52,855,000 | $422,840 | $0 | 0.00% |
For 2022, Union Bank's most frequently originated type of loan was Conventional, with 125 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 89 | $39,705,000 | $446,124 | $0 | 0.00% |
| Refi | 28 | $12,550,000 | $448,214 | $0 | 0.00% |
| Home Improvement | 8 | $600,000 | $75,000 | $0 | 0.00% |
For 2022, Union Bank's most frequently cited loan purpose was Home Purchase, with 89 originations. The 2nd most popular reason was Refi, with 28 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 125 | $52,855,000 | $422,840 | $0 | 0.00% |
For 2022, Union Bank's most frequently cited loan duration was Other, with 125 originations.
Loan Sizing
2022 saw Union Bank place emphasis on $100k-200k loans with 39 originations, totaling $5,305,000 in origination value.
Applicant Income
Union Bank lent most frequently to those with incomes in the $250k+ range, with 9 originations. The second most popular income band? $150k-250k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 125 | $52,855,000 | $422,840 | $0 | 0.00% |
Union Bank lent most frequently to those with DTI ratios of Exempt%, with 125 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.97%
Union 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 origination97.60%
Union Bank 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 | 125 | $52,855,000 | $422,840 |