Bank Of Commerce Mortgage Rates, Fees & Info
Catoosa, OKLEI: 549300UBGRF9FQB7X471
Tax ID: 73-0138320
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Mortgage Data
Review & Overview
Bank Of Commerce is a smaller bank specializing in Home Purchase loans. Bank Of Commerce has a high proportion of conventional loans. Their top (well, only) market is Tulsa.Bank Of Commerce has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
45Origination Dollar Volume (All Markets)
$4,375,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 25 | $2,305,000 | $92,200 | $0 | 0.00% |
| TULSA, OK (FHA|USDA|VA) | 20 | $2,070,000 | $103,500 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 45 | $4,375,000 | $97,222 | $0 | 0.00% |
For 2023, Bank Of Commerce's most frequently originated type of loan was Conventional, with 45 originations.
Loan Reason
For 2023, Bank Of Commerce's most frequently cited loan purpose was Home Purchase, with 15 originations. The 2nd most popular reason was Other, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 45 | $4,375,000 | $97,222 | $0 | 0.00% |
For 2023, Bank Of Commerce's most frequently cited loan duration was Other, with 45 originations.
Loan Sizing
2023 saw Bank Of Commerce place emphasis on $100,000 or less loans with 30 originations, totaling $1,430,000 in origination value.
Applicant Income
Bank Of Commerce lent most frequently to those with incomes in the $50k or less range, with 11 originations. The second most popular income band? $100k-150k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 45 | $4,375,000 | $97,222 | $0 | 0.00% |
Bank Of Commerce lent most frequently to those with DTI ratios of Exempt%, with 45 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.91%
Bank Of Commerce has an average approval rate.
Pick Rate
Approvals leading to origination66.67%
Bank Of Commerce has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 45 | $4,375,000 | $97,222 |