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 and Refi loans. Signature Bank N.a. has a high proportion of conventional loans. Their top markets by origination volume include: Toledo, Monroe, Naples, Adrian, and Cape Coral among others. We have data for 11 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
102Origination Dollar Volume (All Markets)
$37,510,000Top 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) | 77 | $29,705,000 | $385,779 | $0 | 0.00% |
| MONROE, MI (FHA|USDA|VA) | 11 | $2,705,000 | $245,909 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $2,040,000 | $1,020,000 | $0 | 0.00% |
| Adrian, MI (FHA|USDA|VA) | 4 | $1,040,000 | $260,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $1,040,000 | $520,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Sandusky, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 102 | $37,510,000 | $367,745 | $0 | 0.00% |
For 2018, Signature Bank N.a.'s most frequently originated type of loan was Conventional, with 102 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 65 | $20,235,000 | $311,308 | $0 | 0.00% |
| Refi | 29 | $16,305,000 | $562,241 | $0 | 0.00% |
| Home Improvement | 8 | $970,000 | $121,250 | $0 | 0.00% |
For 2018, Signature Bank N.a.'s most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Refi, with 29 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 102 | $37,510,000 | $367,745 | $0 | 0.00% |
For 2018, Signature Bank N.a.'s most frequently cited loan duration was Other, with 102 originations.
Loan Sizing
2018 saw Signature Bank N.a. place emphasis on $100k-200k loans with 29 originations, totaling $4,175,000 in origination value.
Applicant Income
Signature Bank N.a. lent most frequently to those with incomes in the $250k+ range, with 34 originations. The second most popular income band? $150k-250k, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 102 | $37,510,000 | $367,745 | $0 | 0.00% |
Signature Bank N.a. lent most frequently to those with DTI ratios of Exempt%, with 102 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.44%
Signature Bank N.a. has an average approval rate.
Pick Rate
Approvals leading to origination88.24%
Signature Bank N.a. has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 102 | $37,510,000 | $367,745 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 14 | $15,610,000 | $1,115,000 |
| Single Family (1-4 Units):Site-Built | 88 | $21,900,000 | $248,864 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Signature Bank (NY) | Conventional home mortgage | Struggling to pay mortgage | 2 | 50.0% |
| Signature Bank (NY) | Conventional home mortgage | Trouble during payment process | 2 | 50.0% |