Mountain Commerce Bank Mortgage Rates, Fees & Info
Knoxville, TNLEI: 549300WN1LQYJX9HOU28
Tax ID: 62-0194780
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Mortgage Data
Review & Overview
Mountain Commerce Bank is a smaller bank specializing in Home Purchase loans. Mountain Commerce Bank has a high proportion of conventional loans. Their top markets by origination volume include: Knoxville, Nashville, Johnson City, Augusta, and Sevierville among others. We have data for 27 markets. (Some data included below & more in-depth data is available with an active subscription.)Mountain Commerce Bank 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
335Origination Dollar Volume (All Markets)
$238,245,000Top 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 |
|---|---|---|---|---|---|
| KNOXVILLE, TN (FHA|USDA|VA) | 205 | $117,795,000 | $574,610 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 23 | $26,895,000 | $1,169,348 | $0 | 0.00% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 35 | $22,215,000 | $634,714 | $0 | 0.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $12,755,000 | $12,755,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 19 | $9,615,000 | $506,053 | $0 | 0.00% |
| MORRISTOWN, TN (FHA|USDA|VA) | 10 | $7,720,000 | $772,000 | $0 | 0.00% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 9 | $6,755,000 | $750,556 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 6 | $6,510,000 | $1,085,000 | $0 | 0.00% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $5,085,000 | $5,085,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $5,060,000 | $2,530,000 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $2,820,000 | $470,000 | $0 | 0.00% |
| Key West, FL (FHA|USDA|VA) | 1 | $2,255,000 | $2,255,000 | $0 | 0.00% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $1,640,000 | $820,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $1,515,000 | $1,515,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $1,085,000 | $1,085,000 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $925,000 | $925,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $0 | 0.00% |
| Crossville, TN (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $0 | 0.00% |
| Greeneville, TN (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Athens, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 335 | $238,245,000 | $711,179 | $0 | 0.00% |
For 2022, Mountain Commerce Bank's most frequently originated type of loan was Conventional, with 335 originations.
Loan Reason
For 2022, Mountain Commerce Bank's most frequently cited loan purpose was Home Purchase, with 253 originations. The 2nd most popular reason was Refi, with 65 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 335 | $238,245,000 | $711,179 | $0 | 0.00% |
For 2022, Mountain Commerce Bank's most frequently cited loan duration was Other, with 335 originations.
Loan Sizing
2022 saw Mountain Commerce Bank place emphasis on $200k-400k loans with 82 originations, totaling $22,930,000 in origination value.
Applicant Income
Mountain Commerce Bank lent most frequently to those with incomes in the $250k+ range, with 119 originations. The second most popular income band? $150k-250k, with 42 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 335 | $238,245,000 | $711,179 | $0 | 0.00% |
Mountain Commerce Bank lent most frequently to those with DTI ratios of Exempt%, with 335 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.21%
Mountain Commerce Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination85.07%
Mountain Commerce Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 335 | $238,245,000 | $711,179 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MOUNTAIN AMERICA FEDERAL CREDIT UNION | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |