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

Jump to:

Mortgage Data

Review & Overview

The Northwestern Mutual Life Insurance Company is a mid-sized 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.

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


Originations

61

Origination Dollar Volume (All Markets)

$3,997,555,000

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 61 $3,997,555,000 $65,533,689 $0 3.73%
The Northwestern Mutual Life Insurance Company's top markets include

Their top states include:
  • Florida (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Texas (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 61 $3,997,555,000 $65,533,689 $0 3.73%

    For 2019, The Northwestern Mutual Life Insurance Company's most frequently originated type of loan was Conventional, with 61 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    NA 61 $3,997,555,000 $65,533,689 $0 3.73%

    For 2019, The Northwestern Mutual Life Insurance Company's most frequently cited loan purpose was NA, with 61 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 35 $2,263,885,000 $64,682,429 $0 3.73%
    Other 15 $1,125,245,000 $75,016,333 $0 3.89%
    15 Year 4 $203,520,000 $50,880,000 $0 3.71%
    5 Year 4 $137,640,000 $34,410,000 $0 3.08%
    20 Year 3 $267,265,000 $89,088,333 $0 3.91%

    For 2019, The Northwestern Mutual Life Insurance Company's most frequently cited loan duration was 10 Year, with 35 originations. The 2nd most popular length was Other, with 15 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 43 $2,804,425,000 $65,219,186
    4-5% 9 $610,895,000 $67,877,222
    5-6% 5 $416,695,000 $83,339,000
    2.5-3% 4 $165,540,000 $41,385,000

    During 2019, 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 3-4%, with 43 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 61 $3,997,555,000 $65,533,689 $0 3.73%

    2019 saw The Northwestern Mutual Life Insurance Company place emphasis on $1MM+ loans with 61 originations, totaling $3,997,555,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 61 $3,997,555,000 $65,533,689 $0 3.73%

    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
    88.52%

    The Northwestern Mutual Life Insurance Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 61 $3,997,555,000 $65,533,689

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 4 $698,020,000 $174,505,000
    Multifamily:Site-Built 57 $3,299,535,000 $57,886,579

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $69,410,000 $34,705,000 $0 3.20%
    40-60% 42 $2,604,810,000 $62,019,286 $0 3.77%
    60-80% 17 $1,323,335,000 $77,843,235 $0 3.70%