Brickell Bank Mortgage Rates, Fees & Info

Miami, FL

LEI: 549300ZM0RZI4LRVWI94

Tax ID: 59-1479450

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Mortgage Data

Review & Overview

Brickell Bank is a smaller bank specializing in Home Purchase loans. Brickell Bank has a high proportion of conventional loans. Their top (well, only) market is Miami.

Brickell 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

85

Origination Dollar Volume (All Markets)

$56,845,000

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
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 85 $56,845,000 $668,765 $0 0.00%
Brickell Bank's top markets include and Miami among others.

Their top states include:
  • (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 85 $56,845,000 $668,765 $0 0.00%

    For 2018, Brickell Bank's most frequently originated type of loan was Conventional, with 85 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 75 $50,005,000 $666,733 $0 0.00%
    Refi 10 $6,840,000 $684,000 $0 0.00%

    For 2018, Brickell Bank's most frequently cited loan purpose was Home Purchase, with 75 originations. The 2nd most popular reason was Refi, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 85 $56,845,000 $668,765 $0 0.00%

    For 2018, Brickell Bank's most frequently cited loan duration was Other, with 85 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 32 $9,400,000 $293,750 $0 0.00%
    $1MM+ 19 $31,955,000 $1,681,842 $0 0.00%
    $400k-600k 18 $8,350,000 $463,889 $0 0.00%
    $100k-200k 8 $1,340,000 $167,500 $0 0.00%
    $600k-1MM 8 $5,800,000 $725,000 $0 0.00%

    2018 saw Brickell Bank place emphasis on $200k-400k loans with 32 originations, totaling $9,400,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 16 $13,230,000 $826,875 $0 0.00%
    $150k-250k 4 $1,500,000 $375,000 $0 0.00%
    $100k-150k 1 $155,000 $155,000 $0 0.00%

    Brickell Bank lent most frequently to those with incomes in the $250k+ range, with 16 originations. The second most popular income band? $150k-250k, with 4 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 64 $41,960,000 $655,625 $0 0.00%
    White 20 $14,410,000 $720,500 $0 0.00%
    Asian 1 $475,000 $475,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.07%

    Brickell Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.41%

    Brickell Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 85 $56,845,000 $668,765

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 85 $56,845,000 $668,765

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    BARCLAYS BANK DELAWARE Other type of mortgage Closing on a mortgage 3 42.9%
    BARCLAYS BANK DELAWARE Other type of mortgage Struggling to pay mortgage 3 42.9%
    BARCLAYS BANK DELAWARE Other type of mortgage Trouble during payment process 1 14.3%