Brickell Bank Mortgage Rates, Fees & Info
Miami, FLLEI: 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
40Origination Dollar Volume (All Markets)
$25,530,000Top 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 |
---|---|---|---|---|---|
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 40 | $25,530,000 | $638,250 | $0 | 0.00% |
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 40 | $25,530,000 | $638,250 | $0 | 0.00% |
For 2019, Brickell Bank's most frequently originated type of loan was Conventional, with 40 originations.
Loan Reason
Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Home Purchase | 33 | $19,775,000 | $599,242 | $0 | 0.00% |
Refi | 6 | $4,050,000 | $675,000 | $0 | 0.00% |
Cash Out Refi | 1 | $1,705,000 | $1,705,000 | $0 | 0.00% |
For 2019, Brickell Bank's most frequently cited loan purpose was Home Purchase, with 33 originations. The 2nd most popular reason was Refi, with 6 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Other | 40 | $25,530,000 | $638,250 | $0 | 0.00% |
For 2019, Brickell Bank's most frequently cited loan duration was Other, with 40 originations.
Loan Sizing
2019 saw Brickell Bank place emphasis on $200k-400k loans with 16 originations, totaling $5,010,000 in origination value.
Applicant Income
Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
$250k+ | 2 | $1,070,000 | $535,000 | $0 | 0.00% |
$75k-100k | 1 | $195,000 | $195,000 | $0 | 0.00% |
Brickell Bank lent most frequently to those with incomes in the $250k+ range, with 2 originations. The second most popular income band? $75k-100k, with 1 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Exempt% | 40 | $25,530,000 | $638,250 | $0 | 0.00% |
Brickell Bank lent most frequently to those with DTI ratios of Exempt%, with 40 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.83%
Brickell 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 origination87.50%
Brickell Bank has an average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
Exempt | 40 | $25,530,000 | $638,250 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
Single Family (1-4 Units):Site-Built | 40 | $25,530,000 | $638,250 |
Complaints
Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
BARCLAYS BANK DELAWARE | Other type of mortgage | Trouble during payment process | 1 | 100.0% |