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 Cash Out Refi and Home Purchase loans. Pony Express Bank has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, Fort Collins, Branson, and Columbia 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
57Origination Dollar Volume (All Markets)
$11,845,000Top 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) | 53 | $10,925,000 | $206,132 | $0 | 0.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| Branson, MO (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 57 | $11,845,000 | $207,807 | $0 | 0.00% |
For 2019, Pony Express Bank's most frequently originated type of loan was Conventional, with 57 originations.
Loan Reason
For 2019, Pony Express Bank's most frequently cited loan purpose was Cash Out Refi, with 27 originations. The 2nd most popular reason was Home Purchase, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 57 | $11,845,000 | $207,807 | $0 | 0.00% |
For 2019, Pony Express Bank's most frequently cited loan duration was Other, with 57 originations.
Loan Sizing
2019 saw Pony Express Bank place emphasis on $100,000 or less loans with 25 originations, totaling $1,485,000 in origination value.
Applicant Income
Pony Express Bank lent most frequently to those with incomes in the $150k-250k range, with 6 originations. The second most popular income band? $50k or less, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 57 | $11,845,000 | $207,807 | $0 | 0.00% |
Pony Express Bank lent most frequently to those with DTI ratios of Exempt%, with 57 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.33%
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 origination96.49%
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 | 57 | $11,845,000 | $207,807 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 3 | $2,015,000 | $671,667 |
| Single Family (1-4 Units):Site-Built | 54 | $9,830,000 | $182,037 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PNC Bank N.A. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 20 | 5.9% |
| PNC Bank N.A. | Conventional home mortgage | Closing on a mortgage | 12 | 3.5% |
| PNC Bank N.A. | Conventional home mortgage | Incorrect information on your report | 8 | 2.4% |
| PNC Bank N.A. | Conventional home mortgage | Struggling to pay mortgage | 52 | 15.3% |
| PNC Bank N.A. | Conventional home mortgage | Trouble during payment process | 96 | 28.2% |
| PNC Bank N.A. | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 0.3% |
| PNC Bank N.A. | FHA mortgage | Closing on a mortgage | 1 | 0.3% |
| PNC Bank N.A. | FHA mortgage | Struggling to pay mortgage | 8 | 2.4% |
| PNC Bank N.A. | FHA mortgage | Trouble during payment process | 4 | 1.2% |
| PNC Bank N.A. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 17 | 5.0% |
| PNC Bank N.A. | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 6 | 1.8% |
| PNC Bank N.A. | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 3 | 0.9% |
| PNC Bank N.A. | Home equity loan or line of credit (HELOC) | Problem with a credit reporting company's investigation into an existing problem | 1 | 0.3% |
| PNC Bank N.A. | Home equity loan or line of credit (HELOC) | Problem with fraud alerts or security freezes | 1 | 0.3% |
| PNC Bank N.A. | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 18 | 5.3% |
| PNC Bank N.A. | Home equity loan or line of credit (HELOC) | Trouble during payment process | 61 | 17.9% |
| PNC Bank N.A. | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 0.9% |
| PNC Bank N.A. | Other type of mortgage | Closing on a mortgage | 5 | 1.5% |
| PNC Bank N.A. | Other type of mortgage | Incorrect information on your report | 1 | 0.3% |
| PNC Bank N.A. | Other type of mortgage | Struggling to pay mortgage | 4 | 1.2% |
| PNC Bank N.A. | Other type of mortgage | Trouble during payment process | 14 | 4.1% |
| PNC Bank N.A. | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 0.3% |
| PNC Bank N.A. | VA mortgage | Closing on a mortgage | 1 | 0.3% |
| PNC Bank N.A. | VA mortgage | Struggling to pay mortgage | 2 | 0.6% |