Union Bank & Trust Company Mortgage Rates, Fees & Info
Evansville, WILEI: 549300MECFM71K0KCF45
Tax ID: 39-0273870
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Mortgage Data
Review & Overview
Union Bank & Trust Company is a smaller bank specializing in Home Purchase and Refi loans. Union Bank & Trust Company has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Madison, Janesville, and Milwaukee among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Union Bank & Trust Company 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
66Origination Dollar Volume (All Markets)
$12,760,000Top 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 |
---|---|---|---|---|---|
MADISON, WI (FHA|USDA|VA) | 33 | $7,305,000 | $221,364 | $0 | 0.00% |
JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 29 | $4,815,000 | $166,034 | $0 | 0.00% |
Outside of Metro Areas | 3 | $495,000 | $165,000 | $0 | 0.00% |
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 64 | $12,490,000 | $195,156 | $0 | 0.00% |
USDA | 2 | $270,000 | $135,000 | $0 | 0.00% |
For 2019, Union Bank & Trust Company's most frequently originated type of loan was Conventional, with 64 originations. Their 2nd most popular type was USDA, with 2 originations.
Loan Reason
For 2019, Union Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 25 originations. The 2nd most popular reason was Refi, with 23 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Other | 66 | $12,760,000 | $193,333 | $0 | 0.00% |
For 2019, Union Bank & Trust Company's most frequently cited loan duration was Other, with 66 originations.
Loan Sizing
2019 saw Union Bank & Trust Company place emphasis on $100k-200k loans with 26 originations, totaling $3,930,000 in origination value.
Applicant Income
Union Bank & Trust Company lent most frequently to those with incomes in the $50k-75k range, with 20 originations. The second most popular income band? $50k or less, with 12 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Exempt% | 66 | $12,760,000 | $193,333 | $0 | 0.00% |
Union Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 66 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.45%
Union Bank & Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination72.73%
Union Bank & Trust Company has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
Exempt | 66 | $12,760,000 | $193,333 |