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 (well, only) market is Pittsburgh.Compass Savings Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
49Origination Dollar Volume (All Markets)
$7,695,000Top 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) | 49 | $7,695,000 | $157,041 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 49 | $7,695,000 | $157,041 | $0 | 0.00% |
For 2019, Compass Savings Bank's most frequently originated type of loan was Conventional, with 49 originations.
Loan Reason
For 2019, Compass Savings Bank's most frequently cited loan purpose was Home Purchase, with 22 originations. The 2nd most popular reason was Home Improvement, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 49 | $7,695,000 | $157,041 | $0 | 0.00% |
For 2019, Compass Savings Bank's most frequently cited loan duration was Other, with 49 originations.
Loan Sizing
2019 saw Compass Savings Bank place emphasis on $100,000 or less loans with 24 originations, totaling $850,000 in origination value.
Applicant Income
Compass Savings Bank lent most frequently to those with incomes in the $50k or less range, with 12 originations. The second most popular income band? $150k-250k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 49 | $7,695,000 | $157,041 | $0 | 0.00% |
Compass Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 49 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 46 | $7,120,000 | $154,783 | $0 | 0.00% |
| Black | 3 | $575,000 | $191,667 | $0 | 0.00% |
Approval Rates
Total approvals of all applications94.44%
Compass Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination95.92%
Compass Savings Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 49 | $7,695,000 | $157,041 |