Arvest Bank

TULSA, OK 74103

LEI: COINQMNIM6RBU631DD85

Tax ID: 71-0118700

2019 Data | 2018 Data


Overview

Arvest Bank is a small mortgage company specializing in Home Purchase and Refi loans. Arvest Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Fayetteville, Kansas City, Tulsa, Little Rock, and Oklahoma City among others. They have an average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Arvest Bank is typically a low fee medium-low fee lendor.


Originations

19,603

Origination Dollar Volume (All Markets)

$3,394,875,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 16,973 $2,962,535,000 $174,544
FHA 1,432 $220,010,000 $153,638
VA 726 $155,720,000 $214,490
USDA 472 $56,610,000 $119,936

Conventional loans are assumed to be 20% downpayment and either fixed/adjustable rate. FHA loans start at 3.5% downpayment and are targeted towards first time homebuyers who will be owner-occupants. USDA loans target agrarian uses such as farms. VA loans are available to members of the military. FHA, USDA and VA loans are typically subsidized by the government so as to have more favorable terms for the borrower.

Loan Reason

Loan Reason Originations Total Value Average Loan
Home Purchase 9,049 $1,721,835,000 $190,279
Home Improvement 1,404 $102,790,000 $73,212
Other 1,263 $88,575,000 $70,131
NA 1 $255,000 $255,000
Refi 5,514 $1,021,630,000 $185,279
Cash Out Refi 2,372 $459,790,000 $193,841

Home purchase and refinance loans are typically offered by even the most prudent banks. Cash out refi loans typically carry higher fees-- they allow homeowners to get loans against the equity (appreciated value) of their home, but can be used irresponsibly. Lendors with a high ratio of cash out refi loans may be exposed in the event of an economic downturn, and may be more aggressive with their fee schedules.

Top Markets

Market Originations Total Value Average Loan
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 4,951 $847,985,000 $171,275
Outside of Metro Areas 4,030 $489,470,000 $121,457
KANSAS CITY, MO-KS 1,297 $333,525,000 $257,151
TULSA, OK 1,857 $311,695,000 $167,849
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 1,452 $225,830,000 $155,530
OKLAHOMA CITY, OK 885 $145,605,000 $164,525
SPRINGFIELD, MO 674 $103,330,000 $153,309
FORT SMITH, AR-OK 795 $98,955,000 $124,472
JOPLIN, MO 475 $57,105,000 $120,221
HOT SPRINGS, AR 270 $37,950,000 $140,556
JONESBORO, AR 268 $35,040,000 $130,746
DENVER-AURORA-LAKEWOOD, CO 94 $33,830,000 $359,894
LAWTON, OK 305 $30,095,000 $98,672
PHOENIX-MESA-CHANDLER, AZ 114 $29,410,000 $257,982
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 91 $27,805,000 $305,549
LOS ANGELES-LONG BEACH-GLENDALE, CA 68 $25,320,000 $372,353
MONROE, LA 1 $24,615,000 $24,615,000
SEATTLE-BELLEVUE-KENT, WA 32 $19,780,000 $618,125
SACRAMENTO-ROSEVILLE-FOLSOM, CA 49 $15,745,000 $321,327
CHICAGO-NAPERVILLE-EVANSTON, IL 61 $14,915,000 $244,508
OAKLAND-BERKELEY-LIVERMORE, CA 33 $14,265,000 $432,273
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 56 $13,930,000 $248,750
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 47 $13,345,000 $283,936
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 31 $12,875,000 $415,323
INDIANAPOLIS-CARMEL-ANDERSON, IN 45 $11,345,000 $252,111
CHARLOTTE-CONCORD-GASTONIA, NC-SC 44 $11,020,000 $250,455
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 34 $10,070,000 $296,176
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 24 $9,890,000 $412,083
LAS VEGAS-HENDERSON-PARADISE, NV 37 $9,855,000 $266,351
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 32 $9,600,000 $300,000
ANAHEIM-SANTA ANA-IRVINE, CA 19 $9,545,000 $502,368
ST. LOUIS, MO-IL 43 $9,095,000 $211,512
BOSTON, MA 26 $8,670,000 $333,462
TACOMA-LAKEWOOD, WA 25 $8,075,000 $323,000
DALLAS-PLANO-IRVING, TX 24 $7,950,000 $331,250
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 33 $7,925,000 $240,152
RALEIGH-CARY, NC 24 $6,590,000 $274,583
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 14 $6,150,000 $439,286
TAMPA-ST. PETERSBURG-CLEARWATER, FL 28 $5,980,000 $213,571
GREELEY, CO 16 $5,640,000 $352,500
OXNARD-THOUSAND OAKS-VENTURA, CA 14 $5,430,000 $387,857
STOCKTON, CA 15 $5,205,000 $347,000
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 19 $5,175,000 $272,368
SALT LAKE CITY, UT 15 $5,025,000 $335,000
VALLEJO, CA 15 $4,915,000 $327,667
WICHITA, KS 18 $4,890,000 $271,667
NORTH PORT-SARASOTA-BRADENTON, FL 21 $4,845,000 $230,714
RENO, NV 15 $4,775,000 $318,333
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 22 $4,730,000 $215,000
ORLANDO-KISSIMMEE-SANFORD, FL 17 $4,665,000 $274,412
LAWRENCE, KS 18 $4,640,000 $257,778
FORT COLLINS, CO 14 $4,620,000 $330,000
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 13 $4,535,000 $348,846
TUCSON, AZ 20 $4,520,000 $226,000
AUSTIN-ROUND ROCK-GEORGETOWN, TX 17 $4,365,000 $256,765
PRESCOTT VALLEY-PRESCOTT, AZ 16 $4,300,000 $268,750
COLUMBUS, OH 19 $4,255,000 $223,947
MOBILE, AL 5 $4,205,000 $841,000
BOISE CITY, ID 17 $4,085,000 $240,294
ELGIN, IL 13 $4,035,000 $310,385
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 9 $4,035,000 $448,333
SALINAS, CA 7 $4,035,000 $576,429
NEW BRUNSWICK-LAKEWOOD, NJ 14 $4,020,000 $287,143
FORT WORTH-ARLINGTON-GRAPEVINE, TX 11 $3,935,000 $357,727
CHICO, CA 12 $3,880,000 $323,333
WARREN-TROY-FARMINGTON HILLS, MI 21 $3,745,000 $178,333
WORCESTER, MA-CT 14 $3,570,000 $255,000
CHARLESTON-NORTH CHARLESTON, SC 14 $3,480,000 $248,571
TEXARKANA, TX-AR 24 $3,310,000 $137,917
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 11 $3,265,000 $296,818
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 10 $3,160,000 $316,000
LAKE COUNTY-KENOSHA COUNTY, IL-WI 10 $3,140,000 $314,000
BOULDER, CO 10 $3,100,000 $310,000
FRESNO, CA 13 $3,075,000 $236,538
ALBUQUERQUE, NM 12 $3,070,000 $255,833
OGDEN-CLEARFIELD, UT 10 $2,990,000 $299,000
HILTON HEAD ISLAND-BLUFFTON, SC 13 $2,835,000 $218,077
CAPE CORAL-FORT MYERS, FL 13 $2,725,000 $209,615
MEMPHIS, TN-MS-AR 23 $2,655,000 $115,435
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 13 $2,625,000 $201,923
COLORADO SPRINGS, CO 10 $2,580,000 $258,000
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 6 $2,520,000 $420,000
CINCINNATI, OH-KY-IN 11 $2,485,000 $225,909
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 12 $2,320,000 $193,333
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 9 $2,255,000 $250,556
MIAMI-MIAMI BEACH-KENDALL, FL 9 $2,235,000 $248,333
BAKERSFIELD, CA 10 $2,200,000 $220,000
SAN ANTONIO-NEW BRAUNFELS, TX 10 $2,180,000 $218,000
VISALIA, CA 7 $2,135,000 $305,000
MODESTO, CA 9 $2,045,000 $227,222
SALEM, OR 9 $2,045,000 $227,222
CAPE GIRARDEAU, MO-IL 5 $2,035,000 $407,000
MANHATTAN, KS 8 $1,980,000 $247,500
PROVIDENCE-WARWICK, RI-MA 6 $1,960,000 $326,667
JACKSONVILLE, FL 10 $1,910,000 $191,000
CLEVELAND-ELYRIA, OH 8 $1,880,000 $235,000
SANTA CRUZ-WATSONVILLE, CA 5 $1,755,000 $351,000
CAMDEN, NJ 7 $1,745,000 $249,286
KNOXVILLE, TN 6 $1,720,000 $286,667
NEW HAVEN-MILFORD, CT 7 $1,665,000 $237,857
PROVO-OREM, UT 7 $1,625,000 $232,143
BEND, OR 6 $1,620,000 $270,000
MILWAUKEE-WAUKESHA, WI 7 $1,595,000 $227,857
ST. GEORGE, UT 6 $1,580,000 $263,333
SIOUX FALLS, SD 6 $1,530,000 $255,000
PORTLAND-SOUTH PORTLAND, ME 7 $1,525,000 $217,857
CHATTANOOGA, TN-GA 6 $1,520,000 $253,333
PANAMA CITY, FL 6 $1,510,000 $251,667
GARY, IN 9 $1,505,000 $167,222
WILMINGTON, NC 7 $1,405,000 $200,714
NEWARK, NJ-PA 5 $1,395,000 $279,000
LAKE HAVASU CITY-KINGMAN, AZ 7 $1,395,000 $199,286
PORT ST. LUCIE, FL 5 $1,375,000 $275,000
COEUR D'ALENE, ID 5 $1,375,000 $275,000
GRAND RAPIDS-KENTWOOD, MI 7 $1,345,000 $192,143
NAPLES-MARCO ISLAND, FL 4 $1,340,000 $335,000
OMAHA-COUNCIL BLUFFS, NE-IA 6 $1,320,000 $220,000
DURHAM-CHAPEL HILL, NC 6 $1,310,000 $218,333
WINSTON-SALEM, NC 5 $1,265,000 $253,000
YORK-HANOVER, PA 6 $1,220,000 $203,333
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 6 $1,220,000 $203,333
LAKELAND-WINTER HAVEN, FL 7 $1,205,000 $172,143
BREMERTON-SILVERDALE-PORT ORCHARD, WA 4 $1,200,000 $300,000
OCALA, FL 7 $1,175,000 $167,857
COLUMBIA, MO 6 $1,110,000 $185,000
SANTA FE, NM 4 $1,050,000 $262,500
DETROIT-DEARBORN-LIVONIA, MI 7 $1,035,000 $147,857
NAPA, CA 3 $1,035,000 $345,000
GREENVILLE-ANDERSON, SC 7 $1,015,000 $145,000
ANN ARBOR, MI 3 $1,005,000 $335,000
WINCHESTER, VA-WV 3 $975,000 $325,000
BURLINGTON-SOUTH BURLINGTON, VT 4 $970,000 $242,500
SPOKANE-SPOKANE VALLEY, WA 5 $965,000 $193,000
SAN LUIS OBISPO-PASO ROBLES, CA 2 $950,000 $475,000
MADERA, CA 3 $945,000 $315,000
SEBASTIAN-VERO BEACH, FL 4 $930,000 $232,500
APPLETON, WI 3 $915,000 $305,000
BIRMINGHAM-HOOVER, AL 4 $910,000 $227,500
BARNSTABLE TOWN, MA 4 $910,000 $227,500
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 6 $910,000 $151,667
NEW ORLEANS-METAIRIE, LA 3 $905,000 $301,667
MOUNT VERNON-ANACORTES, WA 3 $905,000 $301,667
CORPUS CHRISTI, TX 2 $900,000 $450,000
RICHMOND, VA 4 $890,000 $222,500
REDDING, CA 4 $850,000 $212,500
ST. JOSEPH, MO-KS 6 $850,000 $141,667
DES MOINES-WEST DES MOINES, IA 6 $820,000 $136,667
PENSACOLA-FERRY PASS-BRENT, FL 6 $820,000 $136,667
BATON ROUGE, LA 4 $820,000 $205,000
PALM BAY-MELBOURNE-TITUSVILLE, FL 5 $815,000 $163,000
COLUMBIA, SC 3 $795,000 $265,000
YUBA CITY, CA 4 $770,000 $192,500
TRENTON-PRINCETON, NJ 4 $760,000 $190,000
SAN RAFAEL, CA 2 $750,000 $375,000
NORWICH-NEW LONDON, CT 4 $730,000 $182,500
FLAGSTAFF, AZ 3 $725,000 $241,667
MEDFORD, OR 2 $700,000 $350,000
PINE BLUFF, AR 7 $695,000 $99,286
OLYMPIA-LACEY-TUMWATER, WA 3 $695,000 $231,667
SANTA MARIA-SANTA BARBARA, CA 2 $690,000 $345,000
DAPHNE-FAIRHOPE-FOLEY, AL 4 $680,000 $170,000
SANTA ROSA-PETALUMA, CA 2 $660,000 $330,000
PHILADELPHIA, PA 4 $650,000 $162,500
KAHULUI-WAILUKU-LAHAINA, HI 2 $630,000 $315,000
LOUISVILLE/JEFFERSON COUNTY, KY-IN 4 $620,000 $155,000
ASHEVILLE, NC 2 $620,000 $310,000
HARRISBURG-CARLISLE, PA 2 $620,000 $310,000
MONROE, MI 2 $600,000 $300,000
DAYTON-KETTERING, OH 2 $600,000 $300,000
GREENSBORO-HIGH POINT, NC 2 $600,000 $300,000
LOGAN, UT-ID 2 $550,000 $275,000
FLINT, MI 4 $550,000 $137,500
PUNTA GORDA, FL 2 $540,000 $270,000
FAYETTEVILLE, NC 2 $500,000 $250,000
LEXINGTON-FAYETTE, KY 3 $495,000 $165,000
AMES, IA 2 $490,000 $245,000
EUGENE-SPRINGFIELD, OR 2 $490,000 $245,000
PITTSBURGH, PA 3 $485,000 $161,667
GETTYSBURG, PA 1 $475,000 $475,000
EAU CLAIRE, WI 1 $465,000 $465,000
SHERMAN-DENISON, TX 2 $460,000 $230,000
AUGUSTA-RICHMOND COUNTY, GA-SC 2 $450,000 $225,000
PUEBLO, CO 2 $430,000 $215,000
BLOOMINGTON, IL 2 $420,000 $210,000
GRANTS PASS, OR 2 $420,000 $210,000
TOPEKA, KS 4 $390,000 $97,500
BEAUMONT-PORT ARTHUR, TX 3 $385,000 $128,333
AKRON, OH 1 $385,000 $385,000
LYNCHBURG, VA 1 $385,000 $385,000
BRIDGEPORT-STAMFORD-NORWALK, CT 1 $375,000 $375,000
WENATCHEE, WA 1 $375,000 $375,000
TOLEDO, OH 2 $370,000 $185,000
BLOOMINGTON, IN 1 $365,000 $365,000
SPARTANBURG, SC 1 $365,000 $365,000
LUBBOCK, TX 1 $355,000 $355,000
VINELAND-BRIDGETON, NJ 2 $350,000 $175,000
THE VILLAGES, FL 1 $335,000 $335,000
ATHENS-CLARKE COUNTY, GA 2 $330,000 $165,000
EVANSVILLE, IN-KY 4 $330,000 $82,500
CLEVELAND, TN 2 $300,000 $150,000
SIERRA VISTA-DOUGLAS, AZ 1 $285,000 $285,000
LAKE CHARLES, LA 1 $275,000 $275,000
GAINESVILLE, GA 1 $275,000 $275,000
YAKIMA, WA 1 $265,000 $265,000
LAS CRUCES, NM 1 $265,000 $265,000
GREENVILLE, NC 2 $260,000 $130,000
ENID, OK 3 $255,000 $85,000
AMARILLO, TX 1 $255,000 $255,000
AUBURN-OPELIKA, AL 1 $235,000 $235,000
KENNEWICK-RICHLAND, WA 2 $230,000 $115,000
BURLINGTON, NC 1 $225,000 $225,000
ATLANTIC CITY-HAMMONTON, NJ 1 $225,000 $225,000
MICHIGAN CITY-LA PORTE, IN 2 $220,000 $110,000
WARNER ROBINS, GA 1 $185,000 $185,000
HAMMOND, LA 1 $185,000 $185,000
CHARLOTTESVILLE, VA 1 $185,000 $185,000
MISSOULA, MT 1 $185,000 $185,000
JEFFERSON CITY, MO 2 $180,000 $90,000
HANFORD-CORCORAN, CA 1 $175,000 $175,000
CHEYENNE, WY 1 $175,000 $175,000
DECATUR, AL 1 $175,000 $175,000
LEWISTON-AUBURN, ME 1 $165,000 $165,000
GRAND ISLAND, NE 1 $165,000 $165,000
OCEAN CITY, NJ 1 $165,000 $165,000
SHEBOYGAN, WI 1 $155,000 $155,000
SIOUX CITY, IA-NE-SD 1 $155,000 $155,000
IDAHO FALLS, ID 1 $155,000 $155,000
ROCKFORD, IL 1 $155,000 $155,000
TUSCALOOSA, AL 1 $155,000 $155,000
ANCHORAGE, AK 1 $155,000 $155,000
BRUNSWICK, GA 1 $155,000 $155,000
DUBUQUE, IA 1 $155,000 $155,000
LONGVIEW, WA 1 $155,000 $155,000
CARSON CITY, NV 1 $155,000 $155,000
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 2 $150,000 $75,000
ROANOKE, VA 1 $145,000 $145,000
TWIN FALLS, ID 1 $145,000 $145,000
LINCOLN, NE 1 $135,000 $135,000
ABILENE, TX 1 $135,000 $135,000
LANCASTER, PA 1 $135,000 $135,000
YUMA, AZ 1 $135,000 $135,000
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 1 $125,000 $125,000
MADISON, WI 1 $125,000 $125,000
HUNTINGTON-ASHLAND, WV-KY-OH 1 $115,000 $115,000
EL PASO, TX 1 $115,000 $115,000
KILLEEN-TEMPLE, TX 1 $105,000 $105,000
LONGVIEW, TX 1 $105,000 $105,000
READING, PA 1 $85,000 $85,000
MORRISTOWN, TN 1 $85,000 $85,000
ROCHESTER, MN 1 $85,000 $85,000
LAFAYETTE, LA 1 $85,000 $85,000
JACKSON, MI 1 $85,000 $85,000
MIDLAND, MI 1 $75,000 $75,000
GREAT FALLS, MT 1 $75,000 $75,000
WHEELING, WV-OH 1 $75,000 $75,000
EAST STROUDSBURG, PA 1 $75,000 $75,000
WEIRTON-STEUBENVILLE, WV-OH 1 $65,000 $65,000
SCRANTON--WILKES-BARRE, PA 1 $65,000 $65,000
KALAMAZOO-PORTAGE, MI 1 $55,000 $55,000
SAGINAW, MI 1 $55,000 $55,000
DECATUR, IL 1 $55,000 $55,000
HUNTSVILLE, AL 1 $45,000 $45,000
JACKSON, MS 1 $45,000 $45,000
LEBANON, PA 1 $35,000 $35,000

Lendors vary in competitiveness at the per market level-- meaning they may have better terms, deals or promotions based on the mortgaged property's location.

Interest Rate & Spreads

Loan Rate Originations Total Value Average Loan
<2.5% 4 $710,000 $177,500
2.5-3% 228 $60,130,000 $263,728
3-4% 7,499 $1,697,335,000 $226,342
4-5% 5,939 $1,148,405,000 $193,367
5-6% 4,002 $385,750,000 $96,389
6-7% 1,002 $59,880,000 $59,760
7-8% 443 $23,475,000 $52,991
Over 8% 458 $19,050,000 $41,594

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 7,171 $377,855,000 $52,692
$100k-200k 6,610 $955,100,000 $144,493
$200k-400k 4,570 $1,249,060,000 $273,317
$400k-600k 926 $432,720,000 $467,300
$600k-1000k 246 $182,480,000 $741,789
$Over $1MM 80 $197,660,000 $2,470,750

Different banks have different objectives. Some banks focus solely on high net worth individuals. Others focus on FHA loans for lower income applicants. Knowing what a bank specializes in allows better optimization given the applicant's financial situation.

LTV Distribution

Loan to Value Originations Total Value Average Loan
20-40% 2,112 $180,130,000 $85,289
40-60% 2,063 $320,535,000 $155,373
60-80% 5,388 $1,159,350,000 $215,173
80-100% 7,413 $1,535,325,000 $207,113
Over 100% 259 $82,665,000 $319,170
Under 20% 2,181 $79,175,000 $36,302

LTV, or loan-to-value, is the amount loaned relative to a home's value. Lower LTV lending implies a larger downpayment-- reducing risk to the lendor. FHA loans will nearly always have a higher LTV due to the lower downpayment requirements. Higher LTVs may also mean a bank is charging higher fees or interest rates to compensate for their risk exposure.

Applicant Income

Applicant Income Originations Total Value Average Loan
$100k-150k 3,400 $655,380,000 $192,759
$150k-250k 2,122 $506,510,000 $238,695
$50k-75k 4,001 $523,155,000 $130,756
$50k-or less 4,113 $387,675,000 $94,256
$75k-100k 2,875 $465,225,000 $161,817
$Over $250k 1,175 $445,325,000 $379,000

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 15,069 $2,507,615,000 $166,409
Not provided 2,182 $389,230,000 $178,382
Not applicable 1,115 $277,355,000 $248,749
Asian 419 $91,265,000 $217,816
Black 442 $76,490,000 $173,054
American Indian 289 $37,155,000 $128,564
Native Hawaiian 38 $7,080,000 $186,316
Other Asian 12 $2,520,000 $210,000
Asian Indian 7 $1,295,000 $185,000
Vietnamese 8 $1,150,000 $143,750
Chinese 4 $1,050,000 $262,500
Filipino 6 $770,000 $128,333
Korean 3 $755,000 $251,667
Other Pacific Islander 4 $470,000 $117,500
Samoan 1 $295,000 $295,000
Japanese 1 $215,000 $215,000
Native Hawiian 2 $150,000 $75,000
Guamanian 1 $15,000 $15,000

Approval Rates

Total approvals of all applications
80.98%

A high approval rate means banks are more selective in who they market to or that they are loosey-goosey with who they lend to. Low approval rates may mean a lendor is more stringent in their lending standards.

Pick Rate

Approvals leading to origination
77.65%

A bank's pick rate is how often they are chosen by an applicant once approved. A high pick rate typically means the bank has some sort of advantage-- either the best terms (rates/fees), fastest closing time or even the best customer service. Banks with <75% pick rate may need further investigation as to why they are not more competitive.

Points and Fees

Points Originations Total Value Average Loan
NA 19,603 $3,394,875,000 $173,181

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 9,379 $1,839,085,000 $196,085
$1k-2k 4,188 $694,460,000 $165,821
$2k-3k 722 $164,440,000 $227,756
$3k-4k 350 $98,000,000 $280,000
$5k+ 131 $50,065,000 $382,176

Banks make money on their float/interest spread (fees charged to borrowers vs fees they pay for their capital), for servicing loans, as well as charging origination fees when a loan is disbursed. Modern low-cost efficient lendors can have fees totaling less than $500 for many mortgages-- as low as $250 in some cases. Average lendors will be in the $1k-2k range and high cost lendors will be even more. The costs incurred by the bank will be similar no matter the loan amount, so this is to be viewed as a profit center for most banks.

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Multifamily:Manufactured 8 $2,970,000 $371,250
Multifamily:Site-Built 136 $160,920,000 $1,183,235
Single Family (1-4 Units):Manufactured 286 $18,730,000 $65,490
Single Family (1-4 Units):Site-Built 19,173 $3,212,255,000 $167,541