Pony Express Bank Mortgage Rates, Fees & Info
Liberty, MOLEI: 549300MUCXO2NIUSBW51
Tax ID: 44-0180005
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Mortgage Data
Review & Overview
Pony Express Bank is a smaller bank specializing in Home Purchase loans. Pony Express Bank has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, Dallas, Moscow, and Tampa among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Pony Express Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
42Origination Dollar Volume (All Markets)
$8,630,000Top 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 |
|---|---|---|---|---|---|
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 37 | $7,375,000 | $199,324 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $450,000 | $225,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| Moscow, ID (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 42 | $8,630,000 | $205,476 | $0 | 0.00% |
For 2018, Pony Express Bank's most frequently originated type of loan was Conventional, with 42 originations.
Loan Reason
For 2018, Pony Express Bank's most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Other, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 42 | $8,630,000 | $205,476 | $0 | 0.00% |
For 2018, Pony Express Bank's most frequently cited loan duration was Other, with 42 originations.
Loan Sizing
2018 saw Pony Express Bank place emphasis on $200k-400k loans with 15 originations, totaling $4,475,000 in origination value.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 42 | $8,630,000 | $205,476 | $0 | 0.00% |
Ethnicity Mix
Approval Rates
Total approvals of all applications97.78%
Pony Express Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination95.24%
Pony Express Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 42 | $8,630,000 | $205,476 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 42 | $8,630,000 | $205,476 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Over 100% | 42 | $8,630,000 | $205,476 | $0 | 0.00% |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PNC Bank N.A. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 16 | 4.0% |
| PNC Bank N.A. | Conventional home mortgage | Closing on a mortgage | 6 | 1.5% |
| PNC Bank N.A. | Conventional home mortgage | Improper use of your report | 1 | 0.2% |
| PNC Bank N.A. | Conventional home mortgage | Incorrect information on your report | 3 | 0.7% |
| PNC Bank N.A. | Conventional home mortgage | Struggling to pay mortgage | 43 | 10.6% |
| PNC Bank N.A. | Conventional home mortgage | Trouble during payment process | 97 | 24.0% |
| PNC Bank N.A. | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 0.7% |
| PNC Bank N.A. | FHA mortgage | Closing on a mortgage | 5 | 1.2% |
| PNC Bank N.A. | FHA mortgage | Incorrect information on your report | 1 | 0.2% |
| PNC Bank N.A. | FHA mortgage | Problem with a credit reporting company's investigation into an existing problem | 2 | 0.5% |
| PNC Bank N.A. | FHA mortgage | Struggling to pay mortgage | 9 | 2.2% |
| PNC Bank N.A. | FHA mortgage | Trouble during payment process | 10 | 2.5% |
| PNC Bank N.A. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 13 | 3.2% |
| PNC Bank N.A. | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 5 | 1.2% |
| PNC Bank N.A. | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 3 | 0.7% |
| PNC Bank N.A. | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 19 | 4.7% |
| PNC Bank N.A. | Home equity loan or line of credit (HELOC) | Trouble during payment process | 115 | 28.5% |
| PNC Bank N.A. | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 5 | 1.2% |
| PNC Bank N.A. | Other type of mortgage | Closing on a mortgage | 4 | 1.0% |
| PNC Bank N.A. | Other type of mortgage | Incorrect information on your report | 2 | 0.5% |
| PNC Bank N.A. | Other type of mortgage | Struggling to pay mortgage | 12 | 3.0% |
| PNC Bank N.A. | Other type of mortgage | Trouble during payment process | 27 | 6.7% |
| PNC Bank N.A. | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 0.2% |
| PNC Bank N.A. | VA mortgage | Trouble during payment process | 2 | 0.5% |