Bank Of Clarendon Mortgage Rates, Fees & Info
MANNING, SCLEI: 549300LPLWFD36TB5P09
Tax ID: 57-0142030
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Mortgage Data
Review & Overview
Bank Of Clarendon is a smaller bank specializing in Home Purchase and Refi loans. Bank Of Clarendon has a high proportion of conventional loans. Their top markets by origination volume include: Sumter, Florence, Myrtle Beach, Columbia, and Orangeburg among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of Clarendon has an above average approval rate when compared to the average across all lenders.
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Originations
66Origination Dollar Volume (All Markets)
$5,790,000Top 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 |
|---|---|---|---|---|---|
| SUMTER, SC (FHA|USDA|VA) | 61 | $5,215,000 | $85,492 | $0 | 0.00% |
| FLORENCE, SC (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 66 | $5,790,000 | $87,727 | $0 | 0.00% |
For 2018, Bank Of Clarendon's most frequently originated type of loan was Conventional, with 66 originations.
Loan Reason
For 2018, Bank Of Clarendon's most frequently cited loan purpose was Home Purchase, with 31 originations. The 2nd most popular reason was Refi, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 66 | $5,790,000 | $87,727 | $0 | 0.00% |
For 2018, Bank Of Clarendon's most frequently cited loan duration was Other, with 66 originations.
Loan Sizing
2018 saw Bank Of Clarendon place emphasis on $100,000 or less loans with 40 originations, totaling $1,930,000 in origination value.
Applicant Income
Bank Of Clarendon lent most frequently to those with incomes in the $250k+ range, with 13 originations. The second most popular income band? $50k-75k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 66 | $5,790,000 | $87,727 | $0 | 0.00% |
Bank Of Clarendon lent most frequently to those with DTI ratios of Exempt%, with 66 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Bank Of Clarendon 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 | 66 | $5,790,000 | $87,727 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 2 | $190,000 | $95,000 |
| Single Family (1-4 Units):Site-Built | 64 | $5,600,000 | $87,500 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF THE WEST | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 4 | 14.8% |
| BANK OF THE WEST | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.7% |
| BANK OF THE WEST | Other type of mortgage | Trouble during payment process | 3 | 11.1% |
| BANK OF THE WEST | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.7% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Trouble during payment process | 5 | 18.5% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 3.7% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 2 | 7.4% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 3.7% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 4 | 14.8% |
| BANK OF THE WEST | FHA mortgage | Closing on a mortgage | 1 | 3.7% |
| BANK OF THE WEST | Conventional home mortgage | Trouble during payment process | 1 | 3.7% |
| BANK OF THE WEST | Conventional home mortgage | Struggling to pay mortgage | 1 | 3.7% |
| BANK OF THE WEST | Conventional home mortgage | Closing on a mortgage | 2 | 7.4% |