Signature Bank N.a. Mortgage Rates, Fees & Info
Toledo, OHLEI: 549300MONA3L2BDK8Q22
Tax ID: 01-0633339
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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, Edwards, Monroe, Punta Gorda, and Plymouth among others. We have data for 12 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
51Origination Dollar Volume (All Markets)
$20,675,000Top 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) | 35 | $11,455,000 | $327,286 | $0 | 0.00% |
| Edwards, CO (FHA|USDA|VA) | 1 | $2,485,000 | $2,485,000 | $0 | 0.00% |
| MONROE, MI (FHA|USDA|VA) | 6 | $2,350,000 | $391,667 | $0 | 0.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $1,305,000 | $1,305,000 | $0 | 0.00% |
| Plymouth, IN (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| Findlay, OH (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| Hillsdale, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 51 | $20,675,000 | $405,392 | $0 | 0.00% |
For 2019, Signature Bank N.a.'s most frequently originated type of loan was Conventional, with 51 originations.
Loan Reason
For 2019, Signature Bank N.a.'s most frequently cited loan purpose was Home Purchase, with 28 originations. The 2nd most popular reason was Refi, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 51 | $20,675,000 | $405,392 | $0 | 0.00% |
For 2019, Signature Bank N.a.'s most frequently cited loan duration was Other, with 51 originations.
Loan Sizing
2019 saw Signature Bank N.a. place emphasis on $100k-200k loans with 15 originations, totaling $2,045,000 in origination value.
Applicant Income
Signature Bank N.a. lent most frequently to those with incomes in the $250k+ range, with 14 originations. The second most popular income band? $100k-150k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 51 | $20,675,000 | $405,392 | $0 | 0.00% |
Signature Bank N.a. lent most frequently to those with DTI ratios of Exempt%, with 51 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.00%
Signature Bank N.a. has an average approval rate.
Pick Rate
Approvals leading to origination64.71%
Signature Bank N.a. 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 |
|---|---|---|---|
| Exempt | 51 | $20,675,000 | $405,392 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 10 | $6,760,000 | $676,000 |
| Single Family (1-4 Units):Site-Built | 41 | $13,915,000 | $339,390 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Signature Home Lending Inc | FHA mortgage | Closing on a mortgage | 1 | 100.0% |