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
46Origination Dollar Volume (All Markets)
$6,260,000Top 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 |
|---|---|---|---|---|---|
| TULSA, OK (FHA|USDA|VA) | 41 | $5,805,000 | $141,585 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $455,000 | $91,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 46 | $6,260,000 | $136,087 | $0 | 0.00% |
For 2018, Bank Of Commerce's most frequently originated type of loan was Conventional, with 46 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 35 | $5,375,000 | $153,571 | $0 | 0.00% |
| Refi | 9 | $835,000 | $92,778 | $0 | 0.00% |
| Home Improvement | 2 | $50,000 | $25,000 | $0 | 0.00% |
For 2018, Bank Of Commerce's most frequently cited loan purpose was Home Purchase, with 35 originations. The 2nd most popular reason was Refi, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 46 | $6,260,000 | $136,087 | $0 | 0.00% |
For 2018, Bank Of Commerce's most frequently cited loan duration was Other, with 46 originations.
Loan Sizing
2018 saw Bank Of Commerce place emphasis on $100,000 or less loans with 26 originations, totaling $1,510,000 in origination value.
Applicant Income
Bank Of Commerce lent most frequently to those with incomes in the $50k-75k range, with 7 originations. The second most popular income band? $50k or less, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 46 | $6,260,000 | $136,087 | $0 | 0.00% |
Bank Of Commerce lent most frequently to those with DTI ratios of Exempt%, with 46 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.64%
Bank Of Commerce has an average approval rate.
Pick Rate
Approvals leading to origination84.78%
Bank Of Commerce has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 46 | $6,260,000 | $136,087 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF THE WEST | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 4 | 14.8% |
| BANK OF THE WEST | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.7% |
| BANK OF THE WEST | Other type of mortgage | Trouble during payment process | 3 | 11.1% |
| BANK OF THE WEST | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.7% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Trouble during payment process | 5 | 18.5% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 3.7% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 2 | 7.4% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 3.7% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 4 | 14.8% |
| BANK OF THE WEST | FHA mortgage | Closing on a mortgage | 1 | 3.7% |
| BANK OF THE WEST | Conventional home mortgage | Trouble during payment process | 1 | 3.7% |
| BANK OF THE WEST | Conventional home mortgage | Struggling to pay mortgage | 1 | 3.7% |
| BANK OF THE WEST | Conventional home mortgage | Closing on a mortgage | 2 | 7.4% |