Landmark Community Bank Mortgage Rates, Fees & Info

Collierville, TN

LEI: 549300Y53L6CDUB50530

Tax ID: 62-1759033

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Landmark Community Bank is a smaller bank specializing in Home Purchase and Refi loans. Landmark Community Bank has a high proportion of conventional loans. Their top two markets are Memphis and Nashville .

    Landmark Community 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

    213

    Origination Dollar Volume (All Markets)

    $79,115,000

    Top 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
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 146 $38,680,000 $264,932 $0 0.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 45 $27,245,000 $605,444 $0 0.00%
    Outside of Metro Areas 22 $13,190,000 $599,545 $0 0.00%
    Landmark Community Bank's top markets include Memphis and Nashville among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 213 $79,115,000 $371,432 $0 0.00%

    For 2021, Landmark Community Bank's most frequently originated type of loan was Conventional, with 213 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 166 $49,520,000 $298,313 $0 0.00%
    Refi 38 $22,420,000 $590,000 $0 0.00%
    Other 7 $1,835,000 $262,143 $0 0.00%
    Home Improvement 2 $5,340,000 $2,670,000 $0 0.00%

    For 2021, Landmark Community Bank's most frequently cited loan purpose was Home Purchase, with 166 originations. The 2nd most popular reason was Refi, with 38 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 213 $79,115,000 $371,432 $0 0.00%

    For 2021, Landmark Community Bank's most frequently cited loan duration was Other, with 213 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 76 $4,090,000 $53,816 $0 0.00%
    $200k-400k 37 $11,055,000 $298,784 $0 0.00%
    $400k-600k 33 $16,675,000 $505,303 $0 0.00%
    $100k-200k 31 $4,615,000 $148,871 $0 0.00%
    $600k-1MM 23 $16,925,000 $735,870 $0 0.00%
    $1MM+ 13 $25,755,000 $1,981,154 $0 0.00%

    2021 saw Landmark Community Bank place emphasis on $100,000 or less loans with 76 originations, totaling $4,090,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 58 $30,870,000 $532,241 $0 0.00%
    $150k-250k 36 $11,410,000 $316,944 $0 0.00%
    $100k-150k 12 $2,500,000 $208,333 $0 0.00%
    $75k-100k 10 $3,060,000 $306,000 $0 0.00%
    $50k-75k 9 $1,815,000 $201,667 $0 0.00%
    $50k or less 5 $475,000 $95,000 $0 0.00%

    Landmark Community Bank lent most frequently to those with incomes in the $250k+ range, with 58 originations. The second most popular income band? $150k-250k, with 36 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 213 $79,115,000 $371,432 $0 0.00%

    Landmark Community Bank lent most frequently to those with DTI ratios of Exempt%, with 213 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 111 $43,185,000 $389,054 $0 0.00%
    Not applicable 83 $28,985,000 $349,217 $0 0.00%
    Black 14 $4,650,000 $332,143 $0 0.00%
    Not provided 3 $1,385,000 $461,667 $0 0.00%
    Asian 2 $910,000 $455,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.14%

    Landmark Community 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 origination
    86.85%

    Landmark Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 213 $79,115,000 $371,432

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    213 $79,115,000 $371,432

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Landmark Mortgage LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Landmark Community Bank 1000 Ridgeway Loop Road, Suite 103 Memphis, TN 38120 Full Service B&M $170,821
    Landmark Community Bank 1013 16th Avenue South Nashville, TN 37212 Full Service B&M $71,087
    Landmark Community Bank 1015 West Poplar Avenue Collierville, TN 38017 Full Service B&M $364,068
    Landmark Community Bank 1227 S. Germantown Parkway #101 Germantown, TN 38138 Full Service B&M $43,581
    Landmark Community Bank 198 East Main Street Franklin, TN 37064 Full Service B&M $40,467
    Landmark Community Bank 2241 Germantown Road South Germantown, TN 38138 Full Service B&M $114,610
    Landmark Community Bank 5880 Ridge Bend Rd Memphis, TN 38120 Limited, Administrative $0
    Landmark Community Bank 93 Seaboard Lane Brentwood, TN 37027 Full Service B&M $18,479

    For 2021, Landmark Community Bank had 8 branches.

    Yearly Performance Overview