Mrv Banks Mortgage Rates, Fees & Info
Sainte Genevieve, MOLEI: 549300TWKRP1O3DIPG10
Tax ID: 65-1307067
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Mrv Banks is a smaller bank specializing in Home Purchase and Refi loans. Mrv Banks has a high proportion of conventional loans. Their top markets by origination volume include: North Port, Cape Girardeau, Jennings, St. Louis, and Savannah among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Mrv Banks 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
49Origination Dollar Volume (All Markets)
$21,445,000Top 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 |
|---|---|---|---|---|---|
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $5,805,000 | $5,805,000 | $0 | 0.00% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 17 | $3,905,000 | $229,706 | $0 | 0.00% |
| Jennings, LA (FHA|USDA|VA) | 1 | $3,825,000 | $3,825,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 11 | $3,365,000 | $305,909 | $0 | 0.00% |
| Outside of Metro Areas | 10 | $2,460,000 | $246,000 | $0 | 0.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 3 | $1,045,000 | $348,333 | $0 | 0.00% |
| Sikeston, MO (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 0.00% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Winfield, KS (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Kirksville, MO (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 49 | $21,445,000 | $437,653 | $0 | 0.00% |
For 2024, Mrv Banks's most frequently originated type of loan was Conventional, with 49 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 29 | $16,995,000 | $586,034 | $0 | 0.00% |
| Refi | 17 | $4,295,000 | $252,647 | $0 | 0.00% |
| Home Improvement | 3 | $155,000 | $51,667 | $0 | 0.00% |
For 2024, Mrv Banks's most frequently cited loan purpose was Home Purchase, with 29 originations. The 2nd most popular reason was Refi, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 49 | $21,445,000 | $437,653 | $0 | 0.00% |
For 2024, Mrv Banks's most frequently cited loan duration was Other, with 49 originations.
Loan Sizing
2024 saw Mrv Banks place emphasis on $100k-200k loans with 21 originations, totaling $3,205,000 in origination value.
Applicant Income
Mrv Banks lent most frequently to those with incomes in the $250k+ range, with 11 originations. The second most popular income band? $150k-250k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 49 | $21,445,000 | $437,653 | $0 | 0.00% |
Mrv Banks lent most frequently to those with DTI ratios of Exempt%, with 49 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 28 | $12,060,000 | $430,714 | $0 | 0.00% |
| White | 21 | $9,385,000 | $446,905 | $0 | 0.00% |
Approval Rates
Total approvals of all applications94.74%
Mrv Banks has an average approval rate.
Pick Rate
Approvals leading to origination91.84%
Mrv Banks has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 49 | $21,445,000 | $437,653 |