Western Alliance Bank Mortgage Rates, Fees & Info
PHOENIX, AZLEI: SI7YQSVPFZBSQ878IC17
Tax ID: 47-0887231
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Mortgage Data
Review & Overview
Western Alliance Bank is a smaller bank specializing in Home Purchase and Refi loans. Western Alliance Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Los Angeles, San Jose, Riverside, Reno, and San Francisco among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Western Alliance 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
41Origination Dollar Volume (All Markets)
$62,925,000Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 10 | $18,280,000 | $1,828,000 | $0 | 0.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 4 | $16,420,000 | $4,105,000 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 8 | $10,140,000 | $1,267,500 | $0 | 0.00% |
| RENO, NV (FHA|USDA|VA) | 4 | $5,920,000 | $1,480,000 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $4,065,000 | $4,065,000 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 6 | $4,010,000 | $668,333 | $0 | 0.00% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $2,470,000 | $1,235,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 6 | $1,620,000 | $270,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 40 | $62,780,000 | $1,569,500 | $0 | 0.00% |
| FHA | 1 | $145,000 | $145,000 | $0 | 0.00% |
For 2018, Western Alliance Bank's most frequently originated type of loan was Conventional, with 40 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
For 2018, Western Alliance Bank's most frequently cited loan purpose was Home Purchase, with 33 originations. The 2nd most popular reason was Refi, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 41 | $62,925,000 | $1,534,756 | $0 | 0.00% |
For 2018, Western Alliance Bank's most frequently cited loan duration was Other, with 41 originations.
Loan Sizing
2018 saw Western Alliance Bank place emphasis on $1MM+ loans with 20 originations, totaling $54,230,000 in origination value.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 41 | $62,925,000 | $1,534,756 | $0 | 0.00% |
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 41 | $62,925,000 | $1,534,756 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Western Alliance 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 origination92.68%
Western Alliance Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 41 | $62,925,000 | $1,534,756 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 8 | $15,210,000 | $1,901,250 |
| Single Family (1-4 Units):Site-Built | 33 | $47,715,000 | $1,445,909 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| WESTERN OHIO MORTGAGE | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |