Compass Savings Bank Mortgage Rates, Fees & Info
Wilmerding, PALEI: 549300YW4WSUXGQLHY65
Tax ID: 25-0479420
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Mortgage Data
Review & Overview
Compass Savings Bank is a smaller bank specializing in Home Purchase loans. Compass Savings Bank has a high proportion of conventional loans. Their top two markets are Pittsburgh and Indiana .Compass Savings Bank has an above average approval rate when compared to the average across all lenders.
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Originations
88Origination Dollar Volume (All Markets)
$13,220,000Top 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 |
|---|---|---|---|---|---|
| PITTSBURGH, PA (FHA|USDA|VA) | 87 | $13,155,000 | $151,207 | $0 | 0.00% |
| Indiana, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 88 | $13,220,000 | $150,227 | $0 | 0.00% |
For 2018, Compass Savings Bank's most frequently originated type of loan was Conventional, with 88 originations.
Loan Reason
For 2018, Compass Savings Bank's most frequently cited loan purpose was Home Purchase, with 57 originations. The 2nd most popular reason was Refi, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 88 | $13,220,000 | $150,227 | $0 | 0.00% |
For 2018, Compass Savings Bank's most frequently cited loan duration was Other, with 88 originations.
Loan Sizing
2018 saw Compass Savings Bank place emphasis on $100,000 or less loans with 46 originations, totaling $2,180,000 in origination value.
Applicant Income
Compass Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 19 originations. The second most popular income band? $50k or less, with 19 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 88 | $13,220,000 | $150,227 | $0 | 0.00% |
Compass Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 88 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Compass Savings 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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 88 | $13,220,000 | $150,227 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $125,000 | $125,000 |
| Single Family (1-4 Units):Site-Built | 87 | $13,095,000 | $150,517 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| COMPASS MORTGAGE, INC. | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |