Bankers Xpress Mortgage Rates, Fees & Info

WOODLAND HILLS, CA

LEI: 549300MKNHDBMR7OFL25

Tax ID: 46-1954392

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Bankers Xpress is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Bankers Xpress has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Los Angeles, Oxnard, Riverside, Sacramento, and San Jose among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bankers Xpress 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. Bankers Xpress is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    101

    Origination Dollar Volume (All Markets)

    $43,455,000

    Top 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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 82 $36,920,000 $450,244 $8,087 4.58%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 5 $2,285,000 $457,000 $7,129 4.35%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 7 $1,785,000 $255,000 $9,246 4.77%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $820,000 $410,000 $4,401 3.75%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $545,000 $545,000 $11,427 5.75%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $375,000 $375,000 $4,372 4.00%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $365,000 $365,000 $4,523 3.75%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $215,000 $215,000 $4,820 4.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $145,000 $145,000 $6,377 5.38%
    Bankers Xpress's top markets include Los Angeles, Oxnard, Riverside, Sacramento, and San Jose among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against BANKERS XPRESS based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Christian Community Credit Union
    Similarity Rank: 220
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 290
    SOUTHLAND CREDIT UNION
    Similarity Rank: 464
    FRONTWAVE
    Similarity Rank: 912
    LA Financial Federal Credit Union
    Similarity Rank: 951
    ARROWHEAD CENTRAL CREDIT UNION
    Similarity Rank: 1107
    LBS FINANCIAL
    Similarity Rank: 1176
    MISSION
    Similarity Rank: 1260
    Water and Power Community Credit Union
    Similarity Rank: 1296
    I.L.W.U. CREDIT UNION
    Similarity Rank: 1368

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 92 $40,150,000 $436,413 $7,370 4.55%
    FHA 9 $3,305,000 $367,222 $13,974 4.67%

    For 2019, Bankers Xpress's most frequently originated type of loan was Conventional, with 92 originations. Their 2nd most popular type was FHA, with 9 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 64 $26,910,000 $420,469 $8,510 4.63%
    Cash Out Refi 20 $9,620,000 $481,000 $8,725 4.74%
    Refi 17 $6,925,000 $407,353 $4,984 4.09%

    For 2019, Bankers Xpress's most frequently cited loan purpose was Home Purchase, with 64 originations. The 2nd most popular reason was Cash Out Refi, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 98 $42,520,000 $433,878 $8,073 4.60%
    15 Year 3 $935,000 $311,667 $4,223 3.46%

    For 2019, Bankers Xpress's most frequently cited loan duration was 30 Year, with 98 originations. The 2nd most popular length was 15 Year, with 3 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 56 $23,020,000 $411,071
    $5k+ 27 $13,745,000 $509,074
    $2k-3k 9 $3,175,000 $352,778
    $4k-5k 5 $1,815,000 $363,000
    $3k-4k 4 $1,700,000 $425,000

    Bankers Xpress's average total fees were $8,073, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 56 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 45 $18,885,000 $419,667
    3-4% 34 $13,440,000 $395,294
    5-6% 21 $10,815,000 $515,000
    6-7% 1 $315,000 $315,000

    During 2019, Bankers Xpress's average interest rate for loans was 4.60%, while their most frequently originated rate bucket for loans was 4-5%, with 45 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 43 $20,075,000 $466,860 $7,640 4.38%
    $200k-400k 39 $12,595,000 $322,949 $6,690 4.61%
    $600k-1MM 14 $10,030,000 $716,429 $13,533 5.08%
    $100k-200k 5 $755,000 $151,000 $4,995 4.30%

    2019 saw Bankers Xpress place emphasis on $400k-600k loans with 43 originations, totaling $20,075,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 29 $11,575,000 $399,138 $7,245 4.51%
    $150k-250k 25 $12,775,000 $511,000 $8,807 4.63%
    $100k-150k 21 $10,105,000 $481,190 $10,330 4.68%
    $50k-75k 20 $6,550,000 $327,500 $6,089 4.46%
    $50k or less 4 $810,000 $202,500 $4,499 4.28%
    $250k+ 2 $1,640,000 $820,000 $8,421 4.94%

    Bankers Xpress lent most frequently to those with incomes in the $75k-100k range, with 29 originations. The second most popular income band? $150k-250k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    49% 12 $5,200,000 $433,333 $7,121 4.40%
    30-36% 10 $4,210,000 $421,000 $5,543 4.55%
    48% 7 $2,985,000 $426,429 $8,590 4.37%
    45% 6 $2,620,000 $436,667 $7,012 4.79%
    37% 6 $1,950,000 $325,000 $5,147 4.50%
    47% 6 $2,240,000 $373,333 $6,253 4.31%
    42% 6 $3,370,000 $561,667 $5,614 4.25%
    46% 5 $1,565,000 $313,000 $5,591 3.90%
    20-30% 5 $2,135,000 $427,000 $4,760 4.25%
    44% 5 $2,065,000 $413,000 $5,151 4.85%
    50-60% 4 $1,400,000 $350,000 $12,397 4.59%
    43% 3 $1,215,000 $405,000 $9,066 4.71%
    40% 3 $1,305,000 $435,000 $7,681 4.79%
    41% 2 $1,190,000 $595,000 $9,542 4.81%
    36% 2 $1,010,000 $505,000 $5,610 5.00%
    38% 1 $605,000 $605,000 $16,201 4.99%
    <20% 1 $215,000 $215,000 $4,820 4.00%

    Bankers Xpress lent most frequently to those with DTI ratios of 49%, with 12 originations. The next most common DTI ratio? 30-36%, with 10 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 66 $28,150,000 $426,515 $6,356 4.47%
    White 34 $14,700,000 $432,353 $10,829 4.74%
    Not provided 1 $605,000 $605,000 $16,201 4.99%

    Approval Rates

    Total approvals of all applications
    99.36%

    Bankers Xpress has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    48.51%

    Bankers Xpress 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
    NA 101 $43,455,000 $430,248

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 101 $43,455,000 $430,248

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $485,000 $485,000 $3,394 4.75%
    40-60% 12 $3,930,000 $327,500 $4,891 4.10%
    60-80% 48 $20,740,000 $432,083 $6,373 4.54%
    80-100% 23 $10,125,000 $440,217 $8,950 4.54%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    BANCORPSOUTH BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 16.7%
    BANCORPSOUTH BANK Conventional home mortgage Struggling to pay mortgage 1 16.7%
    BANCORPSOUTH BANK Conventional home mortgage Trouble during payment process 1 16.7%
    BANCORPSOUTH BANK FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 16.7%
    BANCORPSOUTH BANK Other type of mortgage Closing on a mortgage 2 33.3%