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 and Refi loans. Bank Of Commerce has a high proportion of conventional loans. Their top markets by origination volume include: Tulsa, Bartlesville, Ponca City, Miami, and Tahlequah among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)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
64Origination Dollar Volume (All Markets)
$7,010,000Top 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 | 31 | $3,885,000 | $125,323 | $0 | 0.00% |
| TULSA, OK (FHA|USDA|VA) | 26 | $2,680,000 | $103,077 | $0 | 0.00% |
| Bartlesville, OK (FHA|USDA|VA) | 4 | $260,000 | $65,000 | $0 | 0.00% |
| Ponca City, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Miami, OK (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Tahlequah, OK (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 64 | $7,010,000 | $109,531 | $0 | 0.00% |
For 2019, Bank Of Commerce's most frequently originated type of loan was Conventional, with 64 originations.
Loan Reason
For 2019, Bank Of Commerce's most frequently cited loan purpose was Home Purchase, with 38 originations. The 2nd most popular reason was Refi, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 64 | $7,010,000 | $109,531 | $0 | 0.00% |
For 2019, Bank Of Commerce's most frequently cited loan duration was Other, with 64 originations.
Loan Sizing
2019 saw Bank Of Commerce place emphasis on $100,000 or less loans with 41 originations, totaling $2,155,000 in origination value.
Applicant Income
Bank Of Commerce lent most frequently to those with incomes in the $50k-75k range, with 12 originations. The second most popular income band? $50k or less, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 64 | $7,010,000 | $109,531 | $0 | 0.00% |
Bank Of Commerce lent most frequently to those with DTI ratios of Exempt%, with 64 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.75%
Bank Of Commerce has an average approval rate.
Pick Rate
Approvals leading to origination59.38%
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 | 64 | $7,010,000 | $109,531 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF THE WEST | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Trouble during payment process | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Closing on a mortgage | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Trouble during payment process | 2 | 14.3% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Conventional home mortgage | Trouble during payment process | 6 | 42.9% |
| BANK OF THE WEST | Conventional home mortgage | Struggling to pay mortgage | 1 | 7.1% |