Mb Financial Bank Na Mortgage Rates, Fees & Info
Ann Arbor, MILEI: YJMYTIGWK1HM7EQ06C15
Tax ID: 36-1474915
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Mortgage Data
Review & Overview
Mb Financial Bank Na is a smaller bank specializing in Home Purchase and Refi loans. Mb Financial Bank Na has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Chicago, Los Angeles, Atlanta, Providence, and New York among others. We have data for 85 markets. (Some data included below & more in-depth data is available with an active subscription.)Mb Financial Bank Na has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Mb Financial Bank Na is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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Originations
434Origination Dollar Volume (All Markets)
$123,720,000Awards
MB Financial Bank NA - 2019
MB Financial Bank NA is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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Top 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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 266 | $70,230,000 | $264,023 | $3,684 | 4.25% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $15,125,000 | $5,041,667 | $3,768 | 4.46% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 12 | $2,860,000 | $238,333 | $3,114 | 4.38% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $2,155,000 | $2,155,000 | $5,293 | 3.13% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 5 | $1,605,000 | $321,000 | $4,814 | 4.45% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $1,455,000 | $485,000 | $3,732 | 3.83% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $1,395,000 | $279,000 | $4,961 | 4.12% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $1,180,000 | $590,000 | $3,630 | 3.68% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 7 | $1,165,000 | $166,429 | $2,822 | 4.27% |
| Outside of Metro Areas | 6 | $1,160,000 | $193,333 | $2,948 | 4.48% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,155,000 | $385,000 | $4,648 | 4.33% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $1,105,000 | $368,333 | $3,662 | 4.29% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $1,075,000 | $358,333 | $3,147 | 4.25% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 5 | $1,035,000 | $207,000 | $2,553 | 4.45% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $4,360 | 3.94% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $4,471 | 4.91% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $5,580 | 4.44% |
| Heber, UT (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $18,854 | 4.13% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $3,245 | 4.63% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $1,343 | 3.81% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $2,871 | 4.54% |
| ROCHESTER, NY (FHA|USDA|VA) | 5 | $565,000 | $113,000 | $3,217 | 4.42% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $4,715 | 5.25% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 4 | $540,000 | $135,000 | $5,907 | 4.75% |
| Brenham, TX (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $10,107 | 5.38% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,123 | 4.31% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $2,434 | 4.25% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $2,994 | 3.88% |
| ANN ARBOR, MI (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $1,705 | 4.33% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 4 | $420,000 | $105,000 | $2,011 | 4.88% |
| MADISON, WI (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $3,258 | 4.75% |
| RACINE, WI (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $2,515 | 4.25% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $2,005 | 3.50% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $1,863 | 3.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,110 | 4.18% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,467 | 3.88% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,263 | 3.99% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,678 | 4.25% |
| Hilo, HI (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,820 | 3.88% |
| COLUMBUS, OH (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $2,586 | 3.91% |
| OCALA, FL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $2,762 | 4.31% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 8 | $310,000 | $38,750 | $3,055 | 5.17% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $1,898 | 5.08% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,875 | 4.49% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,134 | 3.88% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,879 | 4.25% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $5,184 | 3.94% |
| ROCHESTER, MN (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $1,788 | 4.31% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,408 | 3.75% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,917 | 4.50% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,005 | 4.00% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $1,925 | 4.63% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,362 | 4.50% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $4,318 | 5.38% |
| Beaver Dam, WI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,333 | 4.63% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,932 | 3.88% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,374 | 4.75% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,792 | 4.75% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,490 | 4.49% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,532 | 4.25% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,509 | 5.25% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $1,833 | 4.88% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,246 | 3.63% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,362 | 5.63% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,648 | 4.63% |
| Kapaa, HI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,265 | 4.25% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,819 | 4.00% |
| AKRON, OH (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $2,291 | 5.06% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,112 | 4.50% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,876 | 4.50% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,503 | 4.13% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,983 | 4.38% |
| Branson, MO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,312 | 4.63% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,458 | 4.00% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,748 | 4.49% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,521 | 4.88% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,231 | 5.63% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,811 | 3.75% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,364 | 4.38% |
| Pontiac, IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,979 | 4.75% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,285 | 4.49% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,427 | 5.63% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,878 | 4.49% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $3,225 | 5.38% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $2,882 | 4.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against MB Financial Bank NA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 376 | $110,970,000 | $295,133 | $3,238 | 4.33% |
| FHA | 38 | $6,210,000 | $163,421 | $6,412 | 4.39% |
| VA | 20 | $6,540,000 | $327,000 | $4,384 | 4.20% |
For 2019, Mb Financial Bank Na's most frequently originated type of loan was Conventional, with 376 originations. Their 2nd most popular type was FHA, with 38 originations.
Loan Reason
For 2019, Mb Financial Bank Na's most frequently cited loan purpose was Home Purchase, with 196 originations. The 2nd most popular reason was Refi, with 122 originations.
Loan Duration/Length
For 2019, Mb Financial Bank Na's most frequently cited loan duration was 30 Year, with 369 originations. The 2nd most popular length was 15 Year, with 35 originations.
Origination Fees/Closing Costs
Mb Financial Bank Na's average total fees were $3,726, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 331 originations.
Interest Rates
During 2019, Mb Financial Bank Na's average interest rate for loans was 4.39%, while their most frequently originated rate bucket for loans was 4-5%, with 243 originations.
Loan Sizing
2019 saw Mb Financial Bank Na place emphasis on $200k-400k loans with 148 originations, totaling $42,000,000 in origination value.
Applicant Income
Mb Financial Bank Na lent most frequently to those with incomes in the $100k-150k range, with 96 originations. The second most popular income band? $50k-75k, with 78 originations.
Applicant Debt to Income Ratio
Mb Financial Bank Na lent most frequently to those with DTI ratios of 20-30%, with 88 originations. The next most common DTI ratio? 30-36%, with 72 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.13%
Mb Financial Bank Na has a below average approval rate.
Pick Rate
Approvals leading to origination90.32%
Mb Financial Bank Na has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 434 | $123,720,000 | $285,069 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 4 | $19,140,000 | $4,785,000 |
| Single Family (1-4 Units):Site-Built | 430 | $104,580,000 | $243,209 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MB FINANCIAL, INC. | Conventional home mortgage | Trouble during payment process | 3 | 50.0% |
| MB FINANCIAL, INC. | FHA mortgage | Struggling to pay mortgage | 1 | 16.7% |
| MB FINANCIAL, INC. | VA mortgage | Trouble during payment process | 2 | 33.3% |