Signature Bank N.a. Mortgage Rates, Fees & Info
Toledo, OHLEI: 549300MONA3L2BDK8Q22
Tax ID: 01-0633339
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Signature Bank N.a. is a smaller bank specializing in Home Purchase loans. Signature Bank N.a. has a high proportion of conventional loans. Their top markets by origination volume include: Toledo, Monroe, Key West, Sebastian, and Grand Rapids among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Signature Bank N.a. 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
35Origination Dollar Volume (All Markets)
$17,645,000Top 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 |
|---|---|---|---|---|---|
| TOLEDO, OH (FHA|USDA|VA) | 25 | $11,675,000 | $467,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $1,725,000 | $1,725,000 | $0 | 0.00% |
| MONROE, MI (FHA|USDA|VA) | 4 | $1,180,000 | $295,000 | $0 | 0.00% |
| Key West, FL (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $0 | 0.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 35 | $17,645,000 | $504,143 | $0 | 0.00% |
For 2023, Signature Bank N.a.'s most frequently originated type of loan was Conventional, with 35 originations.
Loan Reason
For 2023, Signature Bank N.a.'s most frequently cited loan purpose was Home Purchase, with 28 originations. The 2nd most popular reason was Other, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 35 | $17,645,000 | $504,143 | $0 | 0.00% |
For 2023, Signature Bank N.a.'s most frequently cited loan duration was Other, with 35 originations.
Loan Sizing
2023 saw Signature Bank N.a. place emphasis on $200k-400k loans with 10 originations, totaling $2,530,000 in origination value.
Applicant Income
Signature Bank N.a. lent most frequently to those with incomes in the $250k+ range, with 13 originations. The second most popular income band? $100k-150k, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 35 | $17,645,000 | $504,143 | $0 | 0.00% |
Signature Bank N.a. lent most frequently to those with DTI ratios of Exempt%, with 35 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.83%
Signature Bank N.a. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination71.43%
Signature Bank N.a. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 35 | $17,645,000 | $504,143 |