Trademark Mortgage Rates, Fees & Info
Augusta, MELEI: 549300MN2NONI4E6X341
Tax ID: 01-0247679
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Mortgage Data
Review & Overview
Trademark is a smaller mortgage company specializing in Home Improvement and Home Purchase loans. Trademark has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Augusta, Boston, Lebanon, and Glens Falls among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Trademark 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. Trademark is typically a low 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/23/24 |
| 30 Year Conventional Purchase | 6.75% | 11/23/24 |
| 30 Year Cash-out Refi | 6.33% | 11/23/24 |
| 15 Year Conventional Purchase | 6.09% | 11/23/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Trademark Mortgage Calculator
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Originations
48Origination Dollar Volume (All Markets)
$4,140,000Top 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 |
|---|---|---|---|---|---|
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 25 | $2,625,000 | $105,000 | $1,773 | 3.84% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 9 | $735,000 | $81,667 | $2,885 | 3.11% |
| Outside of Metro Areas | 7 | $445,000 | $63,571 | $455 | 4.07% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 2.75% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 2.75% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.50% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $260 | 4.49% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $446 | 4.99% |
| Rutland, VT (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 4.75% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 27 | $1,375,000 | $50,926 | n/a | 3.46% |
| Conventional | 21 | $2,765,000 | $131,667 | $1,521 | 4.08% |
For 2020, Trademark's most frequently originated type of loan was HELOC, with 27 originations. Their 2nd most popular type was Conventional, with 21 originations.
Loan Reason
For 2020, Trademark's most frequently cited loan purpose was Home Improvement, with 27 originations. The 2nd most popular reason was Home Purchase, with 14 originations.
Loan Duration/Length
For 2020, Trademark's most frequently cited loan duration was Other, with 24 originations. The 2nd most popular length was 10 Year, with 7 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 8 | $1,950,000 | $243,750 |
Trademark's average total fees were $3,120, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 8 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 16 | $2,180,000 | $136,250 |
| 2.5-3% | 15 | $1,115,000 | $74,333 |
| 4-5% | 11 | $595,000 | $54,091 |
| 5-6% | 5 | $195,000 | $39,000 |
During 2020, Trademark's average interest rate for loans was 3.34%, while their most frequently originated rate bucket for loans was 3-4%, with 16 originations.
Loan Sizing
2020 saw Trademark place emphasis on $100,000 or less loans with 40 originations, totaling $2,080,000 in origination value.
Applicant Income
Trademark lent most frequently to those with incomes in the $100k-150k range, with 17 originations. The second most popular income band? $50k-75k, with 13 originations.
Applicant Debt to Income Ratio
Trademark lent most frequently to those with DTI ratios of 20-30%, with 13 originations. The next most common DTI ratio? <20%, with 10 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 48 | $4,140,000 | $86,250 | $1,521 | 3.74% |
Approval Rates
Total approvals of all applications98.33%
Trademark has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination77.08%
Trademark has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 48 | $4,140,000 | $86,250 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 48 | $4,140,000 | $86,250 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TRIDENT MORTGAGE COMPANY, LP | VA mortgage | Closing on a mortgage | 1 | 100.0% |