Forte Bank Mortgage Rates, Fees & Info
Hartford, WILEI: 549300RTMAIJNRX52596
Tax ID: 39-0335807
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Forte Bank is a smaller bank specializing in Home Purchase and Refi loans. Forte Bank has a high proportion of conventional loans. Their top markets by origination volume include: Milwaukee, Springfield, Beaver Dam, Shawano, and Oshkosh among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Forte 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
164Origination Dollar Volume (All Markets)
$55,730,000Top 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 |
|---|---|---|---|---|---|
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 127 | $42,645,000 | $335,787 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $3,120,000 | $520,000 | $0 | 0.00% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $2,805,000 | $2,805,000 | $0 | 0.00% |
| Beaver Dam, WI (FHA|USDA|VA) | 11 | $2,605,000 | $236,818 | $0 | 0.00% |
| Shawano, WI (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 0.00% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 5 | $1,195,000 | $239,000 | $0 | 0.00% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 7 | $875,000 | $125,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| FOND DU LAC, WI (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 164 | $55,730,000 | $339,817 | $0 | 0.00% |
For 2022, Forte Bank's most frequently originated type of loan was Conventional, with 164 originations.
Loan Reason
For 2022, Forte Bank's most frequently cited loan purpose was Home Purchase, with 79 originations. The 2nd most popular reason was Refi, with 67 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 164 | $55,730,000 | $339,817 | $0 | 0.00% |
For 2022, Forte Bank's most frequently cited loan duration was Other, with 164 originations.
Loan Sizing
2022 saw Forte Bank place emphasis on $100k-200k loans with 59 originations, totaling $8,015,000 in origination value.
Applicant Income
Forte Bank lent most frequently to those with incomes in the $100k-150k range, with 21 originations. The second most popular income band? $75k-100k, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 164 | $55,730,000 | $339,817 | $0 | 0.00% |
Forte Bank lent most frequently to those with DTI ratios of Exempt%, with 164 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.16%
Forte 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 origination93.29%
Forte Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 164 | $55,730,000 | $339,817 |