International Bank Mortgage Rates, Fees & Info
AURORA, COLEI: 549300VHRDR8FOOKPQ89
Tax ID: 85-0046240
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Mortgage Data
Review & Overview
International Bank is a smaller bank specializing in Home Purchase and Refi loans. International Bank has a high proportion of conventional loans. Their top markets by origination volume include: Denver, Memphis, Santa Fe, Montrose, and Las Vegas among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)International Bank has an 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
30Origination Dollar Volume (All Markets)
$4,950,000Top 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 |
|---|---|---|---|---|---|
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4 | $1,970,000 | $492,500 | $0 | 0.00% |
| Outside of Metro Areas | 21 | $1,855,000 | $88,333 | $0 | 0.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| Montrose, CO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Las Vegas, NM (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 30 | $4,950,000 | $165,000 | $0 | 0.00% |
For 2018, International Bank's most frequently originated type of loan was Conventional, with 30 originations.
Loan Reason
For 2018, International Bank's most frequently cited loan purpose was Home Purchase, with 16 originations. The 2nd most popular reason was Refi, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 30 | $4,950,000 | $165,000 | $0 | 0.00% |
For 2018, International Bank's most frequently cited loan duration was Other, with 30 originations.
Loan Sizing
2018 saw International Bank place emphasis on $100,000 or less loans with 18 originations, totaling $830,000 in origination value.
Applicant Income
International Bank lent most frequently to those with incomes in the $50k or less range, with 12 originations. The second most popular income band? $50k-75k, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 30 | $4,950,000 | $165,000 | $0 | 0.00% |
International Bank lent most frequently to those with DTI ratios of Exempt%, with 30 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.38%
International Bank has a below average approval rate.
Pick Rate
Approvals leading to origination13.33%
International Bank 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 | 30 | $4,950,000 | $165,000 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| International Mortgage & Finance Group, Inc. | FHA mortgage | Closing on a mortgage | 1 | 100.0% |