Signature Bank Mortgage Rates, Fees & Info
New York, NYLEI: VLP5AP0XK2GM6GKD1007
Tax ID: 13-4149421
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Signature Bank is a mid-sized bank specializing in Refi and Home Purchase loans. Signature Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Philadelphia, Los Angeles, Riverside, and Oxnard among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Signature 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 15 Year Conventional Purchase | 5.68% | 3/25/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Signature Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
338Origination Dollar Volume (All Markets)
$4,580,520,000Top 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) | 291 | $3,381,245,000 | $11,619,399 | $0 | 4.28% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 8 | $436,150,000 | $54,518,750 | $0 | 3.97% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 23 | $363,165,000 | $15,789,783 | $0 | 4.72% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $135,265,000 | $45,088,333 | $0 | 4.29% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $75,005,000 | $75,005,000 | $0 | 5.90% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $63,005,000 | $63,005,000 | $0 | 5.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 2 | $46,880,000 | $23,440,000 | $0 | 4.95% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $33,880,000 | $16,940,000 | $0 | 6.27% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $19,755,000 | $19,755,000 | $0 | 4.50% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $10,505,000 | $10,505,000 | $0 | 4.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $6,925,000 | $2,308,333 | $0 | 4.75% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $6,755,000 | $6,755,000 | $0 | 4.50% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $1,985,000 | $1,985,000 | $0 | 4.75% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 338 | $4,580,520,000 | $13,551,834 | $0 | 4.33% |
For 2022, Signature Bank's most frequently originated type of loan was Conventional, with 338 originations.
Loan Reason
For 2022, Signature Bank's most frequently cited loan purpose was Refi, with 217 originations. The 2nd most popular reason was Home Purchase, with 117 originations.
Loan Duration/Length
For 2022, Signature Bank's most frequently cited loan duration was 10 Year, with 267 originations. The 2nd most popular length was 5 Year, with 33 originations.
Interest Rates
During 2022, Signature Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 163 originations.
Loan Sizing
2022 saw Signature Bank place emphasis on $1MM+ loans with 323 originations, totaling $4,569,495,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 338 | $4,580,520,000 | $13,551,834 | $0 | 4.33% |
Approval Rates
Total approvals of all applications98.85%
Signature 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 origination98.82%
Signature Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 338 | $4,580,520,000 | $13,551,834 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 338 | $4,580,520,000 | $13,551,834 |