Northeastern Opearating Engineers Fcu Mortgage Rates, Fees & Info
Whitestone, NYLEI: 254900CLULPZ13KI0S29
Tax ID: 23-7422687
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Northeastern Opearating Engineers Fcu is a smaller credit union specializing in Home Purchase, Refi, and Cash Out Refi loans. Northeastern Opearating Engineers Fcu has a high proportion of conventional loans. Their top markets by origination volume include: New York, Hartford, Bridgeport, Poughkeepsie, and Riverside among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Northeastern Opearating Engineers Fcu 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.
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
59Origination Dollar Volume (All Markets)
$20,565,000Top 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) | 47 | $17,415,000 | $370,532 | $0 | 0.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $0 | 0.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $0 | 0.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $65,000 | $65,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 59 | $20,565,000 | $348,559 | $0 | 0.00% |
For 2019, Northeastern Opearating Engineers Fcu's most frequently originated type of loan was Conventional, with 59 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 35 | $11,805,000 | $337,286 | $0 | 0.00% |
| Refi | 12 | $4,460,000 | $371,667 | $0 | 0.00% |
| Cash Out Refi | 12 | $4,300,000 | $358,333 | $0 | 0.00% |
For 2019, Northeastern Opearating Engineers Fcu's most frequently cited loan purpose was Home Purchase, with 35 originations. The 2nd most popular reason was Refi, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 59 | $20,565,000 | $348,559 | $0 | 0.00% |
For 2019, Northeastern Opearating Engineers Fcu's most frequently cited loan duration was Other, with 59 originations.
Loan Sizing
2019 saw Northeastern Opearating Engineers Fcu place emphasis on $200k-400k loans with 28 originations, totaling $8,710,000 in origination value.
Applicant Income
Northeastern Opearating Engineers Fcu lent most frequently to those with incomes in the $150k-250k range, with 26 originations. The second most popular income band? $100k-150k, with 16 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.01%
Northeastern Opearating Engineers Fcu has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination93.22%
Northeastern Opearating Engineers Fcu has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 59 | $20,565,000 | $348,559 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 59 | $20,565,000 | $348,559 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| NORTHWEST BANCSHARES INC | Other type of mortgage | Trouble during payment process | 1 | 100.0% |