Willow Bend Mortgage Company Rates, Fees & Info

PLANO, TX

LEI: 549300QURAICH2YGJV94

Tax ID: 75-2511480

2.6 stars - out of 5 stars, based on 62 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Willow Bend Mortgage Company is a small mortgage company specializing in Home Purchase and Refi loans. Willow Bend Mortgage Company has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Dallas, Mcallen, Austin, Corpus Christi, and Houston among others. Willow Bend Mortgage Company has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Willow Bend Mortgage Company is typically a high fee lendor.


Originations

3,897

Origination Dollar Volume (All Markets)

$1,257,055,000

Relative Rate

Willow Bend Mortgage Company 's average 30 year fixed rate mortgage of loans were 3.12%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.03%.

Relative Fees

Willow Bend Mortgage Company 's average total fees for a 30 year fixed rate mortgage are $7,213.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1,859 $725,615,000 $390,325 $6,196 3.02%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 860 $180,070,000 $209,384 $9,161 3.12%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 362 $133,900,000 $369,890 $6,770 2.99%
CORPUS CHRISTI, TX (FHA|USDA|VA) 248 $57,970,000 $233,750 $6,401 3.10%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 102 $35,560,000 $348,627 $6,392 3.13%
Outside of Metro Areas 57 $15,565,000 $273,070 $6,224 3.05%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 67 $13,785,000 $205,746 $8,461 3.12%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 36 $10,680,000 $296,667 $7,268 3.00%
SHERMAN-DENISON, TX (FHA|USDA|VA) 31 $9,675,000 $312,097 $6,431 3.15%
JONESBORO, AR (FHA|USDA|VA) 34 $6,390,000 $187,941 $4,697 3.17%
LAREDO, TX (FHA|USDA|VA) 26 $6,280,000 $241,538 $9,586 3.14%
Athens, TX (FHA|USDA|VA) 12 $4,790,000 $399,167 $6,545 3.03%
Granbury, TX (FHA|USDA|VA) 10 $3,690,000 $369,000 $6,104 3.13%
Alice, TX (FHA|USDA|VA) 17 $3,455,000 $203,235 $6,040 3.17%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 12 $3,330,000 $277,500 $5,770 3.16%
TYLER, TX (FHA|USDA|VA) 11 $2,995,000 $272,273 $5,871 3.15%
OKLAHOMA CITY, OK (FHA|USDA|VA) 9 $2,565,000 $285,000 $4,990 3.19%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 9 $2,535,000 $281,667 $6,188 3.15%
Rockport, TX (FHA|USDA|VA) 7 $2,365,000 $337,857 $6,240 3.27%
Rio Grande City-Roma, TX (FHA|USDA|VA) 9 $1,965,000 $218,333 $8,920 3.13%
Kingsville, TX (FHA|USDA|VA) 9 $1,905,000 $211,667 $6,441 2.94%
BOULDER, CO (FHA|USDA|VA) 3 $1,825,000 $608,333 $3,930 2.92%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $1,785,000 $595,000 $7,307 3.25%
Gainesville, TX (FHA|USDA|VA) 3 $1,745,000 $581,667 $8,836 2.96%
LUBBOCK, TX (FHA|USDA|VA) 8 $1,600,000 $200,000 $4,989 3.44%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 4 $1,600,000 $400,000 $5,527 3.09%
Kerrville, TX (FHA|USDA|VA) 5 $1,505,000 $301,000 $5,718 3.33%
MIDLAND, TX (FHA|USDA|VA) 4 $1,400,000 $350,000 $8,356 3.00%
WACO, TX (FHA|USDA|VA) 6 $1,380,000 $230,000 $5,503 2.85%
LONGVIEW, TX (FHA|USDA|VA) 6 $1,350,000 $225,000 $11,935 2.65%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 5 $1,305,000 $261,000 $6,710 2.98%
Bonham, TX (FHA|USDA|VA) 4 $1,300,000 $325,000 $9,006 3.06%
Mineral Wells, TX (FHA|USDA|VA) 3 $1,005,000 $335,000 $5,569 3.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 4 $1,000,000 $250,000 $5,751 2.63%
TULSA, OK (FHA|USDA|VA) 3 $945,000 $315,000 $5,752 3.38%
Beeville, TX (FHA|USDA|VA) 4 $850,000 $212,500 $6,934 2.97%
PUEBLO, CO (FHA|USDA|VA) 2 $840,000 $420,000 $8,839 3.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $840,000 $420,000 $3,358 3.06%
Mount Pleasant, TX (FHA|USDA|VA) 1 $835,000 $835,000 $7,711 3.25%
Durango, CO (FHA|USDA|VA) 2 $830,000 $415,000 $5,166 2.81%
HOT SPRINGS, AR (FHA|USDA|VA) 2 $700,000 $350,000 $3,184 2.94%
OCALA, FL (FHA|USDA|VA) 4 $700,000 $175,000 $5,741 3.06%
Corsicana, TX (FHA|USDA|VA) 2 $530,000 $265,000 $7,195 3.00%
VICTORIA, TX (FHA|USDA|VA) 2 $430,000 $215,000 $6,150 3.06%
CaƱon City, CO (FHA|USDA|VA) 1 $405,000 $405,000 $2,683 3.13%
Durant, OK (FHA|USDA|VA) 1 $395,000 $395,000 $4,485 3.13%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $390,000 $195,000 $3,570 3.25%
AMARILLO, TX (FHA|USDA|VA) 2 $370,000 $185,000 $4,357 2.63%
Del Rio, TX (FHA|USDA|VA) 2 $360,000 $180,000 $7,924 3.31%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $305,000 $305,000 $3,944 3.38%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $285,000 $285,000 $4,352 3.38%
Stephenville, TX (FHA|USDA|VA) 1 $285,000 $285,000 $3,958 2.88%
EL PASO, TX (FHA|USDA|VA) 1 $265,000 $265,000 $3,773 2.38%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $265,000 $265,000 $9,236 2.75%
Lufkin, TX (FHA|USDA|VA) 1 $245,000 $245,000 $5,893 2.88%
Paragould, AR (FHA|USDA|VA) 2 $240,000 $120,000 $4,095 3.44%
Raymondville, TX (FHA|USDA|VA) 1 $225,000 $225,000 $8,705 2.75%
Stillwater, OK (FHA|USDA|VA) 1 $225,000 $225,000 $3,626 2.63%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $195,000 $195,000 $8,252 4.00%
TEXARKANA, TX-AR (FHA|USDA|VA) 1 $195,000 $195,000 $4,457 3.13%
Blytheville, AR (FHA|USDA|VA) 1 $195,000 $195,000 $4,261 3.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $165,000 $165,000 $4,472 3.00%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $135,000 $135,000 $3,030 3.00%
ODESSA, TX (FHA|USDA|VA) 1 $135,000 $135,000 $6,577 3.38%
SAN ANGELO, TX (FHA|USDA|VA) 1 $125,000 $125,000 $4,206 2.75%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $125,000 $125,000 $5,699 2.75%
Forrest City, AR (FHA|USDA|VA) 1 $85,000 $85,000 $4,092 3.63%
Zapata, TX (FHA|USDA|VA) 1 $55,000 $55,000 $4,813 2.88%

Willow Bend Mortgage Company 's top markets include Dallas, Mcallen, Austin, Corpus Christi, and Houston among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 2,893 $1,009,885,000 $349,079 $6,021 3.06%
FHA 789 $174,075,000 $220,627 $10,230 3.11%
VA 196 $69,270,000 $353,418 $7,954 2.84%
USDA 19 $3,825,000 $201,316 $6,489 2.76%

For the 2021 period, Willow Bend Mortgage Company 's most frequently originated loan type of loans were Conventional, with 2,893 originations. Their 2nd most popular type is FHA, with 789 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 2,419 $766,595,000 $316,906 $7,549 3.12%
Refi 1,059 $355,285,000 $335,491 $6,150 2.88%
Cash Out Refi 419 $135,175,000 $322,613 $5,928 3.16%

For the 2021, Willow Bend Mortgage Company 's most frequently cited loan purpose of loans were Home Purchase, with 2,419 originations. The 2nd most popular reason of loans were Refi, with 1,059 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 3,436 $1,118,680,000 $325,576 $7,213 3.12%
15 Year 342 $97,970,000 $286,462 $5,310 2.52%
20 Year 74 $23,030,000 $311,216 $5,594 2.81%
10 Year 21 $4,005,000 $190,714 $4,602 2.49%
Other 20 $5,380,000 $269,000 $5,757 3.01%
1 Year 4 $7,990,000 $1,997,500 $0 3.99%

For the 2021, Willow Bend Mortgage Company 's most frequently cited loan length of loans were 30 Year, with 3,436 originations. The 2nd most popular length of loans were 15 Year, with 342 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 2,179 $722,115,000 $331,397
$2k-3k 560 $155,670,000 $277,982
$3k-4k 545 $156,895,000 $287,881
$5k+ 363 $147,915,000 $407,479
$<1k 154 $50,310,000 $326,688

$7,213 of loans were Willow Bend Mortgage Company 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 2,179 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 1,776 $604,770,000 $340,524
3-4% 1,654 $504,360,000 $304,933
<2.5% 380 $123,870,000 $325,974
4-5% 83 $18,575,000 $223,795
5-6% 3 $5,145,000 $1,715,000
6-7% 1 $335,000 $335,000

During 2021, Willow Bend Mortgage Company 's average interest rate of loans were 3.12%, while their most frequently originated rate bucket of loans were 2.5-3%, with 1,776 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 1,949 $558,915,000 $286,770 $7,058 3.05%
$100k-200k 974 $155,100,000 $159,240 $6,287 3.12%
$400k-600k 669 $326,365,000 $487,840 $6,928 2.96%
$600k-1MM 147 $113,405,000 $771,463 $9,508 3.09%
$100,000 or less 97 $7,725,000 $79,639 $4,510 3.24%
$1MM+ 61 $95,545,000 $1,566,311 $14,298 3.06%

2021 saw Willow Bend Mortgage Company place emphasis on $200k-400k loans with 1,949 originations, totaling $558,915,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 873 $271,935,000 $311,495 $6,760 3.02%
$50k-75k 791 $167,085,000 $211,233 $7,279 3.12%
$150k-250k 744 $289,680,000 $389,355 $6,336 3.01%
$75k-100k 680 $179,370,000 $263,779 $7,133 3.10%
$250k+ 445 $286,315,000 $643,404 $8,129 3.01%
$50k or less 353 $59,435,000 $168,371 $6,676 3.09%

Willow Bend Mortgage Company lent most frequently to those with incomes in the $100k-150k range, with 873 originations. The second most popular income band? $50k-75k, with 791 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 815 $288,295,000 $353,736 $6,294 2.98%
30-36% 684 $233,300,000 $341,082 $6,802 3.06%
<20% 254 $92,870,000 $365,630 $6,017 2.95%
50-60% 243 $57,085,000 $234,918 $9,042 3.11%
39% 158 $51,630,000 $326,772 $6,906 3.10%
44% 157 $42,505,000 $270,732 $6,806 3.17%
36% 151 $54,105,000 $358,311 $6,987 3.08%
40% 150 $47,610,000 $317,400 $7,231 3.04%
38% 149 $48,505,000 $325,537 $7,465 3.11%
43% 135 $40,855,000 $302,630 $7,151 3.15%
41% 134 $46,070,000 $343,806 $7,670 3.08%
45% 132 $35,530,000 $269,167 $6,757 3.14%
42% 131 $43,475,000 $331,870 $7,288 3.10%
49% 125 $34,705,000 $277,640 $7,363 3.08%
47% 123 $34,815,000 $283,049 $7,476 3.09%
37% 118 $35,560,000 $301,356 $7,521 3.12%
46% 106 $29,950,000 $282,547 $8,288 3.10%
48% 99 $29,695,000 $299,949 $7,413 3.12%
>60% 7 $2,695,000 $385,000 $7,859 2.80%

Willow Bend Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 815 originations. The next most common DTI ratio? 30-36%, with 684 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 3,270 $1,037,200,000 $317,187 $6,998 3.05%
Asian 202 $77,200,000 $382,178 $6,435 2.96%
Not provided 221 $75,515,000 $341,697 $6,701 3.09%
Black 163 $54,615,000 $335,061 $7,932 3.19%
American Indian 37 $11,215,000 $303,108 $7,086 3.23%
Native Hawaiian 3 $765,000 $255,000 $6,937 3.04%
Other Asian 1 $545,000 $545,000 $5,720 3.25%

Approval Rates

Total approvals of all applications
97.74%

Willow Bend Mortgage Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
76.85%

Willow Bend Mortgage Company has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 3,897 $1,257,055,000 $322,570

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
3,897 $1,257,055,000 $322,570

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 99 $25,635,000 $258,939 $4,827 2.81%
40-60% 396 $128,800,000 $325,253 $5,396 2.84%
60-80% 1,236 $467,980,000 $378,625 $6,043 3.07%
80-100% 2,110 $615,750,000 $291,825 $7,774 3.11%
Over 100% 49 $17,035,000 $347,653 $13,810 2.84%
Under 20% 7 $1,855,000 $265,000 $5,162 2.82%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Wall Financial, Inc. Conventional home mortgage Closing on a mortgage 1 100.0%