Bankunited N.a. Mortgage Rates, Fees & Info
Miami Lakes, FLLEI: BFLFJ4PXRGDML87ZYT33
Tax ID: 27-0217289
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bankunited N.a. is a smaller bank specializing in Home Purchase and Refi loans. Bankunited N.a. has a high proportion of conventional loans. Their top markets by origination volume include: New York, Tampa, Gainesville, Miami, and Kansas City among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Bankunited N.a. 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
81Origination Dollar Volume (All Markets)
$168,275,000Top 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) | 34 | $128,520,000 | $3,780,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $19,215,000 | $6,405,000 | $0 | 0.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $16,890,000 | $8,445,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 39 | $3,365,000 | $86,282 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 81 | $168,275,000 | $2,077,469 | $0 | 0.00% |
For 2018, Bankunited N.a.'s most frequently originated type of loan was Conventional, with 81 originations.
Loan Reason
For 2018, Bankunited N.a.'s most frequently cited loan purpose was Home Purchase, with 51 originations. The 2nd most popular reason was Refi, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 81 | $168,275,000 | $2,077,469 | $0 | 0.00% |
For 2018, Bankunited N.a.'s most frequently cited loan duration was Other, with 81 originations.
Loan Sizing
2018 saw Bankunited N.a. place emphasis on $100,000 or less loans with 30 originations, totaling $1,440,000 in origination value.
Applicant Income
Bankunited N.a. lent most frequently to those with incomes in the $50k or less range, with 28 originations. The second most popular income band? $50k-75k, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 81 | $168,275,000 | $2,077,469 | $0 | 0.00% |
Bankunited N.a. lent most frequently to those with DTI ratios of Exempt%, with 81 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.82%
Bankunited N.a. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination93.83%
Bankunited N.a. has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 81 | $168,275,000 | $2,077,469 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 24 | $144,510,000 | $6,021,250 |
| Single Family (1-4 Units):Site-Built | 57 | $23,765,000 | $416,930 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANKUNITED, NATIONAL ASSOCIATION | Conventional home mortgage | Struggling to pay mortgage | 1 | 14.3% |
| BANKUNITED, NATIONAL ASSOCIATION | Conventional home mortgage | Trouble during payment process | 4 | 57.1% |
| BANKUNITED, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 14.3% |
| BANKUNITED, NATIONAL ASSOCIATION | Other type of mortgage | Closing on a mortgage | 1 | 14.3% |