Regal Bank Mortgage Rates, Fees & Info
Livingston, NJLEI: 549300YDGOT72D8ZDV45
Tax ID: 20-5823164
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Mortgage Data
Review & Overview
Regal Bank is a smaller bank specializing in Cash Out Refi and Home Purchase loans. Regal Bank has a high proportion of conventional loans. Their top two markets are New York and Philadelphia .Regal 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. They typically have about average rates.
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Originations
28Origination Dollar Volume (All Markets)
$29,050,000Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 27 | $27,545,000 | $1,020,185 | $0 | 4.32% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 5.25% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 28 | $29,050,000 | $1,037,500 | $0 | 4.35% |
For 2018, Regal Bank's most frequently originated type of loan was Conventional, with 28 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 21 | $19,915,000 | $948,333 | $0 | 4.35% |
| Home Purchase | 7 | $9,135,000 | $1,305,000 | $0 | 4.34% |
For 2018, Regal Bank's most frequently cited loan purpose was Cash Out Refi, with 21 originations. The 2nd most popular reason was Home Purchase, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 15 Year | 19 | $17,095,000 | $899,737 | $0 | 4.31% |
| 30 Year | 6 | $9,730,000 | $1,621,667 | $0 | 4.30% |
| Other | 3 | $2,225,000 | $741,667 | $0 | 4.71% |
For 2018, Regal Bank's most frequently cited loan duration was 15 Year, with 19 originations. The 2nd most popular length was 30 Year, with 6 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 22 | $20,370,000 | $925,909 |
| 3-4% | 5 | $7,175,000 | $1,435,000 |
| 5-6% | 1 | $1,505,000 | $1,505,000 |
During 2018, Regal Bank's average interest rate for loans was 4.30%, while their most frequently originated rate bucket for loans was 4-5%, with 22 originations.
Loan Sizing
2018 saw Regal Bank place emphasis on $600k-1MM loans with 13 originations, totaling $9,495,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 27 | $28,745,000 | $1,064,630 | $0 | 4.35% |
| White | 1 | $305,000 | $305,000 | $0 | 4.38% |
Approval Rates
Total approvals of all applications100.00%
Regal 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 origination89.29%
Regal Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 28 | $29,050,000 | $1,037,500 |