The Northwestern Mutual Life Insurance Company Mortgage Rates, Fees & Info
Milwaukee, WILEI: 1DU7IM20QESYGDO4HO54
Tax ID: 39-0509570
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Mortgage Data
Review & Overview
The Northwestern Mutual Life Insurance Company is a small mortgage company specializing in NA loans. The Northwestern Mutual Life Insurance Company has a high proportion of conventional loans.The Northwestern Mutual Life Insurance Company has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
40Origination Dollar Volume (All Markets)
$2,994,480,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 40 | $2,994,480,000 | $74,862,000 | $0 | 5.92% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 40 | $2,994,480,000 | $74,862,000 | $0 | 5.92% |
For 2023, The Northwestern Mutual Life Insurance Company's most frequently originated type of loan was Conventional, with 40 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| NA | 40 | $2,994,480,000 | $74,862,000 | $0 | 5.92% |
For 2023, The Northwestern Mutual Life Insurance Company's most frequently cited loan purpose was NA, with 40 originations.
Loan Duration/Length
For 2023, The Northwestern Mutual Life Insurance Company's most frequently cited loan duration was 5 Year, with 22 originations. The 2nd most popular length was Other, with 10 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 21 | $1,446,555,000 | $68,883,571 |
| 6-7% | 12 | $1,008,390,000 | $84,032,500 |
| 7-8% | 5 | $431,025,000 | $86,205,000 |
| 4-5% | 2 | $108,510,000 | $54,255,000 |
During 2023, The Northwestern Mutual Life Insurance Company's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 21 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 40 | $2,994,480,000 | $74,862,000 | $0 | 5.92% |
2023 saw The Northwestern Mutual Life Insurance Company place emphasis on $1MM+ loans with 40 originations, totaling $2,994,480,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 40 | $2,994,480,000 | $74,862,000 | $0 | 5.92% |
Approval Rates
Total approvals of all applications100.00%
The Northwestern Mutual Life Insurance Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination80.00%
The Northwestern Mutual Life Insurance Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 40 | $2,994,480,000 | $74,862,000 |