The Northwestern Mutual Life Insurance Company Mortgage Rates, Fees & Info

Milwaukee, WI

LEI: 1DU7IM20QESYGDO4HO54

Tax ID: 39-0509570

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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

40

Origination Dollar Volume (All Markets)

$2,994,480,000

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
Outside of Metro Areas 40 $2,994,480,000 $74,862,000 $0 5.92%
The Northwestern Mutual Life Insurance Company's top markets include

Their top states include:
  • Florida (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • 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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 22 $1,674,360,000 $76,107,273 $0 6.04%
    Other 10 $705,250,000 $70,525,000 $0 5.90%
    10 Year 4 $335,520,000 $83,880,000 $0 5.36%
    3 Year 4 $279,350,000 $69,837,500 $0 5.81%

    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 applications
    100.00%

    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 origination
    80.00%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    40 $2,994,480,000 $74,862,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $78,515,000 $26,171,667 $0 5.54%
    40-60% 30 $2,316,330,000 $77,211,000 $0 5.93%
    60-80% 7 $599,635,000 $85,662,143 $0 6.02%