Bny Mellon Mortgage Rates, Fees & Info
Pittsburgh, PALEI: 4EP6JBYBTPTQ47LZOB67
Tax ID: 25-0659306
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Review & Overview
Bny Mellon is a small mortgage company specializing in Refi, Home Purchase, and Other loans. Bny Mellon has a high proportion of conventional loans. Their top markets by origination volume include: New York, Los Angeles, Boston, San Francisco, and Miami among others. We have data for 158 markets. (Some data included below & more in-depth data is available with an active subscription.)Bny Mellon 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. Bny Mellon is typically an average 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 5.60% | 12/16/24 |
| 30 Year Conventional Refi | 5.84% | 12/16/24 |
| 15 Year Conventional Purchase | 5.37% | 12/16/24 |
| 15 Year Conventional Refi | 5.83% | 12/16/24 |
| 15 Year Cash-out Refi | 5.83% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Bny Mellon Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,042Origination Dollar Volume (All Markets)
$1,175,910,000Employee count
1,560Awards
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BNY Mellon - 2020
BNY Mellon is a 2020 , due to their low .
For 2020, 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 103 | $123,365,000 | $1,197,718 | $7,566 | 2.91% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 77 | $106,715,000 | $1,385,909 | $5,940 | 2.88% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 85 | $97,425,000 | $1,146,176 | $5,859 | 2.75% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 50 | $69,630,000 | $1,392,600 | $5,257 | 2.83% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 37 | $43,465,000 | $1,174,730 | $8,967 | 2.85% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 36 | $37,460,000 | $1,040,556 | $5,936 | 3.00% |
| Outside of Metro Areas | 30 | $34,130,000 | $1,137,667 | $5,815 | 2.85% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 40 | $33,770,000 | $844,250 | $4,518 | 2.91% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 33 | $33,725,000 | $1,021,970 | $5,650 | 2.91% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 28 | $30,410,000 | $1,086,071 | $5,449 | 2.82% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 25 | $28,735,000 | $1,149,400 | $6,331 | 2.79% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 15 | $20,655,000 | $1,377,000 | $4,432 | 2.91% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 16 | $20,600,000 | $1,287,500 | $5,805 | 2.75% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 12 | $20,270,000 | $1,689,167 | $6,190 | 2.85% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 11 | $16,835,000 | $1,530,455 | $4,857 | 2.73% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 15 | $15,555,000 | $1,037,000 | $8,874 | 2.96% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 14 | $15,380,000 | $1,098,571 | $9,667 | 2.79% |
| Heber, UT (FHA|USDA|VA) | 7 | $14,005,000 | $2,000,714 | $6,573 | 2.68% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 14 | $13,970,000 | $997,857 | $4,527 | 2.91% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 10 | $13,860,000 | $1,386,000 | $11,337 | 2.78% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 11 | $13,495,000 | $1,226,818 | $5,002 | 2.78% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 10 | $12,910,000 | $1,291,000 | $12,238 | 2.74% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 16 | $12,420,000 | $776,250 | $7,104 | 2.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 13 | $11,685,000 | $898,846 | $6,507 | 3.09% |
| FRESNO, CA (FHA|USDA|VA) | 3 | $11,565,000 | $3,855,000 | $4,009 | 2.89% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 7 | $11,475,000 | $1,639,286 | $9,064 | 2.71% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 14 | $11,400,000 | $814,286 | $5,289 | 2.90% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 6 | $10,440,000 | $1,740,000 | $5,068 | 2.48% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 11 | $10,345,000 | $940,455 | $5,240 | 3.08% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 5 | $9,035,000 | $1,807,000 | $7,198 | 3.23% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 7 | $8,025,000 | $1,146,429 | $4,976 | 2.98% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 7 | $7,685,000 | $1,097,857 | $6,181 | 2.96% |
| Hilo, HI (FHA|USDA|VA) | 4 | $7,600,000 | $1,900,000 | $7,340 | 2.47% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 8 | $6,430,000 | $803,750 | $7,195 | 2.66% |
| RENO, NV (FHA|USDA|VA) | 5 | $6,195,000 | $1,239,000 | $5,606 | 2.78% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 5 | $6,165,000 | $1,233,000 | $5,951 | 3.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 6 | $6,040,000 | $1,006,667 | $7,918 | 2.85% |
| RICHMOND, VA (FHA|USDA|VA) | 5 | $6,015,000 | $1,203,000 | $8,848 | 2.93% |
| Glenwood Springs, CO (FHA|USDA|VA) | 2 | $5,880,000 | $2,940,000 | $5,306 | 2.25% |
| Jackson, WY-ID (FHA|USDA|VA) | 3 | $5,825,000 | $1,941,667 | $5,864 | 2.92% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 8 | $5,730,000 | $716,250 | $6,406 | 3.02% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 6 | $5,730,000 | $955,000 | $6,095 | 2.77% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 6 | $5,690,000 | $948,333 | $6,459 | 3.13% |
| Hailey, ID (FHA|USDA|VA) | 7 | $5,665,000 | $809,286 | $5,957 | 2.95% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 5 | $5,545,000 | $1,109,000 | $5,926 | 2.85% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 8 | $5,440,000 | $680,000 | $5,207 | 3.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 7 | $5,155,000 | $736,429 | $4,189 | 2.73% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 6 | $5,110,000 | $851,667 | $4,134 | 3.04% |
| PITTSBURGH, PA (FHA|USDA|VA) | 5 | $5,015,000 | $1,003,000 | $8,294 | 2.78% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $4,970,000 | $1,242,500 | $8,191 | 2.63% |
| Cullowhee, NC (FHA|USDA|VA) | 2 | $4,780,000 | $2,390,000 | $9,523 | 2.69% |
| BOULDER, CO (FHA|USDA|VA) | 3 | $4,485,000 | $1,495,000 | $5,526 | 3.04% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 4 | $4,350,000 | $1,087,500 | $5,228 | 3.38% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 6 | $4,270,000 | $711,667 | $3,822 | 2.92% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 4 | $4,250,000 | $1,062,500 | $6,647 | 2.91% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 4 | $4,250,000 | $1,062,500 | $8,137 | 3.03% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $4,205,000 | $4,205,000 | $11,168 | 2.75% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 4 | $3,850,000 | $962,500 | $4,489 | 2.81% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 3 | $3,765,000 | $1,255,000 | $6,526 | 3.04% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 3 | $3,555,000 | $1,185,000 | $6,408 | 2.83% |
| Edwards, CO (FHA|USDA|VA) | 3 | $3,325,000 | $1,108,333 | $7,379 | 2.88% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 3 | $3,185,000 | $1,061,667 | $6,007 | 2.79% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 3 | $2,975,000 | $991,667 | $4,105 | 2.96% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 5 | $2,785,000 | $557,000 | $4,022 | 2.78% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 4 | $2,770,000 | $692,500 | $3,845 | 2.91% |
| Warsaw, IN (FHA|USDA|VA) | 2 | $2,610,000 | $1,305,000 | $3,596 | 3.00% |
| NILES, MI (FHA|USDA|VA) | 2 | $2,610,000 | $1,305,000 | $5,499 | 2.75% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $2,505,000 | $2,505,000 | $7,550 | 3.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 3 | $2,365,000 | $788,333 | $4,360 | 2.83% |
| SALINAS, CA (FHA|USDA|VA) | 3 | $2,265,000 | $755,000 | $3,733 | 2.83% |
| Torrington, CT (FHA|USDA|VA) | 3 | $2,175,000 | $725,000 | $4,113 | 3.04% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $2,010,000 | $1,005,000 | $4,060 | 2.81% |
| Vineyard Haven, MA (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $22,555 | 2.13% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $7,978 | 2.75% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 3 | $1,995,000 | $665,000 | $4,254 | 3.21% |
| PITTSFIELD, MA (FHA|USDA|VA) | 2 | $1,900,000 | $950,000 | $5,253 | 3.19% |
| Lebanon, NH-VT (FHA|USDA|VA) | 2 | $1,850,000 | $925,000 | $5,891 | 2.31% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $1,725,000 | $1,725,000 | $26,605 | 2.50% |
| Laconia, NH (FHA|USDA|VA) | 1 | $1,655,000 | $1,655,000 | $6,001 | 2.38% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 2 | $1,610,000 | $805,000 | $4,712 | 3.06% |
| Easton, MD (FHA|USDA|VA) | 1 | $1,535,000 | $1,535,000 | $7,201 | 3.13% |
| Oak Harbor, WA (FHA|USDA|VA) | 2 | $1,530,000 | $765,000 | $4,255 | 2.63% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $10,943 | 3.13% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $1,500,000 | $750,000 | $5,758 | 2.81% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $1,450,000 | $725,000 | $4,251 | 2.88% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $1,415,000 | $1,415,000 | $11,204 | 2.88% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $1,405,000 | $1,405,000 | $3,948 | 4.00% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $1,360,000 | $680,000 | $4,303 | 3.00% |
| Newport, OR (FHA|USDA|VA) | 2 | $1,330,000 | $665,000 | $4,844 | 3.25% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $1,315,000 | $1,315,000 | $2,810 | 2.63% |
| Athens, TX (FHA|USDA|VA) | 1 | $1,305,000 | $1,305,000 | $10,308 | 3.38% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $1,295,000 | $1,295,000 | $3,927 | 3.00% |
| Bennington, VT (FHA|USDA|VA) | 2 | $1,210,000 | $605,000 | $6,292 | 2.81% |
| Durango, CO (FHA|USDA|VA) | 2 | $1,160,000 | $580,000 | $3,988 | 2.81% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $1,130,000 | $565,000 | $6,362 | 2.63% |
| Brevard, NC (FHA|USDA|VA) | 1 | $1,055,000 | $1,055,000 | $4,638 | 2.38% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $1,035,000 | $1,035,000 | $4,483 | 3.25% |
| Bozeman, MT (FHA|USDA|VA) | 2 | $1,020,000 | $510,000 | $4,130 | 3.00% |
| KINGSTON, NY (FHA|USDA|VA) | 2 | $1,010,000 | $505,000 | $3,789 | 3.06% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $5,362 | 2.88% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $7,191 | 3.50% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $3,906 | 3.63% |
| Concord, NH (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $4,023 | 3.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $975,000 | $975,000 | $5,996 | 2.88% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $955,000 | $955,000 | $4,816 | 3.13% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $955,000 | $955,000 | $5,398 | 2.88% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $3,596 | 2.94% |
| Boone, NC (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $4,050 | 2.50% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $4,615 | 2.50% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $6,438 | 2.50% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $4,936 | 2.63% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $5,127 | 2.50% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $3,893 | 2.88% |
| Astoria, OR (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $4,847 | 2.88% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $8,311 | 2.88% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $3,002 | 2.50% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $3,918 | 2.75% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $4,147 | 3.25% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $3,557 | 2.94% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $4,948 | 2.63% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $4,186 | 3.00% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $3,768 | 2.88% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $5,723 | 3.38% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $7,844 | 3.13% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $5,060 | 3.38% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $3,477 | 3.13% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $0 | 2.88% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $4,955 | 3.13% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $3,060 | 2.75% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $3,150 | 3.13% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $4,425 | 3.00% |
| Kapaa, HI (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $5,049 | 2.75% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $5,237 | 3.63% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $5,582 | 2.88% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $4,672 | 2.38% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $3,826 | 2.88% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $5,008 | 2.88% |
| OCALA, FL (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $8,546 | 2.88% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $5,012 | 3.13% |
| NAPA, CA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $3,158 | 2.63% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $5,867 | 2.38% |
| Key West, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $5,313 | 3.50% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,244 | 2.63% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,260 | 3.00% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $3,733 | 2.88% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,487 | 2.88% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $3,656 | 2.88% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,029 | 2.88% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $3,070 | 2.75% |
| TULSA, OK (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $5,102 | 2.75% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,478 | 3.13% |
| Ruidoso, NM (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,409 | 3.13% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,893 | 3.13% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,289 | 3.00% |
| BEND, OR (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,998 | 3.50% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,068 | 3.25% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,611 | 2.63% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 3.25% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,042 | $1,175,910,000 | $1,128,512 | $6,200 | 2.87% |
For 2020, Bny Mellon's most frequently originated type of loan was Conventional, with 1,042 originations.
Loan Reason
For 2020, Bny Mellon's most frequently cited loan purpose was Refi, with 448 originations. The 2nd most popular reason was Home Purchase, with 398 originations.
Loan Duration/Length
For 2020, Bny Mellon's most frequently cited loan duration was 30 Year, with 972 originations. The 2nd most popular length was 15 Year, with 67 originations.
Origination Fees/Closing Costs
Bny Mellon's average total fees were $6,290, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 963 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 567 | $629,775,000 | $1,110,714 |
| 3-4% | 282 | $286,580,000 | $1,016,241 |
| <2.5% | 193 | $259,555,000 | $1,344,845 |
During 2020, Bny Mellon's average interest rate for loans was 2.87%, while their most frequently originated rate bucket for loans was 2.5-3%, with 567 originations.
Loan Sizing
2020 saw Bny Mellon place emphasis on $1MM+ loans with 447 originations, totaling $788,115,000 in origination value.
Applicant Income
Bny Mellon lent most frequently to those with incomes in the $250k+ range, with 866 originations. The second most popular income band? $150k-250k, with 118 originations.
Applicant Debt to Income Ratio
Bny Mellon lent most frequently to those with DTI ratios of 20-30%, with 340 originations. The next most common DTI ratio? <20%, with 269 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.09%
Bny Mellon has an average approval rate.
Pick Rate
Approvals leading to origination85.51%
Bny Mellon has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,042 | $1,175,910,000 | $1,128,512 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 3 | $13,735,000 | $4,578,333 |
| Single Family (1-4 Units):Site-Built | 1,039 | $1,162,175,000 | $1,118,551 |
LTV Distribution
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Bny Mellon, National Association | 1 N Franklin St, Ste 6200 Chicago, IL 60606 | Limited, Trust Office | $0 |
| Bny Mellon, National Association | 10 Mason Street Greenwich, CT 6830 | Full Service B&M | $434,000 |
| Bny Mellon, National Association | 100 Saint Paul Street, Suite 610 Denver, CO 80206 | Limited, Trust Office | $0 |
| Bny Mellon, National Association | 1001 Franklin Avenue Garden City, NY 11530 | Limited, Trust Office | $0 |
| Bny Mellon, National Association | 10250 Constellation Blvd, Suite 2100 Los Angeles, CA 90067 | Limited, Trust Office | $0 |
| Bny Mellon, National Association | 1201 Third Ave Seattle, WA 98101 | Limited, Trust Office | $0 |
| Bny Mellon, National Association | 1250 H Street, Nw Washington, DC 20005 | Limited, Trust Office | $0 |
| Bny Mellon, National Association | 1450 Brickell Avenue, Suite 2700 Miami, FL 33131 | Limited, Trust Office | $0 |
| Bny Mellon, National Association | 1600 Newport Center Dr, Ste 200 Newport Beach, CA 92660 | Limited, Trust Office | $0 |
| Bny Mellon, National Association | 1735 Market Street Philadelphia, PA 19103 | Limited, Trust Office | $0 |
| Bny Mellon, National Association | 200 Park Avenue New York, NY 10166 | Limited, Trust Office | $0 |
| Bny Mellon, National Association | 3000 Sand Hill Road, Building 3 Menlo Park, CA 94025 | Limited, Trust Office | $0 |
| Bny Mellon, National Association | 301 N. Elm Street, Suite 300 Greensboro, NC 27401 | Limited, Trust Office | $0 |
| Bny Mellon, National Association | 3290 Northside Parkway, Nw, Suite 950 Atlanta, GA 30327 | Limited, Trust Office | $0 |
| Bny Mellon, National Association | 3300 Pga Boulevard, Suite 200 Palm Beach Gardens, FL 33410 | Limited, Trust Office | $0 |
| Bny Mellon, National Association | 3333 Richmond Road, Suite 110 Beachwood, OH 44122 | Limited, Trust Office | $0 |
| Bny Mellon, National Association | 350 East Las Olas Blvd, Suite 1400 Fort Lauderdale, FL 33301 | Limited, Trust Office | $0 |
| Bny Mellon, National Association | 4005 Kennett Pike, Floor 1 Greenville, DE 19807 | Limited, Trust Office | $0 |
| Bny Mellon, National Association | 4488 Boy Scout Boulevard, Suite 350 Tampa, FL 33607 | Limited, Trust Office | $0 |
| Bny Mellon, National Association | 4901 Tamiami Trail North Naples, FL 34103 | Limited, Trust Office | $0 |
| Bny Mellon, National Association | 500 Grant St Pittsburgh, PA 15219 | Full Service B&M | $24,910,000 |
| Bny Mellon, National Association | 555 Mission Street San Francisco, CA 94105 | Limited, Trust Office | $0 |
| Bny Mellon, National Association | 6150 Sherry Lane Dallas, TX 75225 | Limited, Trust Office | $0 |
| Bny Mellon, National Association | 701 Westchester Avenue White Plains, NY 10604 | Limited, Trust Office | $0 |
| Bny Mellon, National Association | 7900 Tysons One Place Mclean, VA 22102 | Limited, Trust Office | $0 |
| Bny Mellon, National Association | 941 West Morse Boulevard, Suite 100 Winter Park, FL 32789 | Limited, Trust Office | $0 |
| Bny Mellon, National Association | One Boston Place, 201 Washington Street Boston, MA 2108 | Limited, Trust Office | $0 |
| Bny Mellon, National Association | One Giralda Farms, Suite 140 Madison, NJ 7940 | Limited, Trust Office | $0 |
| Bny Mellon, National Association | One Summerlin, 1980 Festival Plaza Drive Las Vegas, NV 89135 | Limited, Trust Office | $0 |
| Bny Mellon, National Association | San Felipe Place, 2229 San Felipe Street Houston, TX 77019 | Limited, Trust Office | $0 |
For 2020, Bny Mellon had 30 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $474,000 |
| Net interest income | $324,000 |
| Total noninterest income | $796,000 |
| Gross Fiduciary activities income | $655,000 |
| Service charges on deposit accounts | $6,000 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $135,000 |
| Pre-tax net operating income | $424,000 |
| Securities gains (or losses, -) | $-1,000 |
| Income before extraordinary items | $319,000 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $319,000 |
| Minority interest net income | $0 |
| Net income | $319,000 |
| Sale, conversion, retirement of capital stock, net | $16,000 |
| Net operating income | $319,790 |
Bny Mellon's gross interest income from loans was $474,000,000.
Bny Mellon's net interest income from loans was $324,000,000.
Bny Mellon's fee based income from loans was $6,000,000.
Bny Mellon's net income from loans was $319,000,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $150,000 |
| Provision for credit losses | $24,000 |
| Total noninterest expense | $672,000 |
| Salaries and employee benefits | $331,000 |
| Premises and equipment expense | $40,000 |
| Additional noninterest expense | $301,000 |
| Applicable income taxes | $104,000 |
| Net charge-offs | $0 |
| Cash dividends | $280,000 |
Bny Mellon's interest expense for loans was $150,000,000.
Bny Mellon's payroll and benefits expense were $331,000,000.
Bny Mellon's property, plant and equipment expenses $40,000,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 0.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 7.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $28,423,000 |
| Deposits held in domestic offices | $28,423,000 |
| Deposits by Individuals, partnerships, and corporations | $21,822,000 |
| Deposits by U.S. Government | $1,000 |
| Deposits by States and political subdivisions in the U.S. | $0 |
| Deposits by Commercial banks and other depository institutions in U.S. | $6,600,000 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $15,643,000 |
| Demand deposits | $15,608,000 |
| Nontransaction accounts | $12,780,000 |
| Money market deposit accounts (MMDAs) | $5,254,000 |
| Other savings deposits (excluding MMDAs) | $143,000 |
| Total time deposits | $7,383,000 |
| Total time and savings deposits | $12,815,000 |
| Noninterest-bearing deposits | $1,267,000 |
| Interest-bearing deposits | $27,156,000 |
| Retail deposits | $18,818,000 |
| IRAs and Keogh plan accounts | $509,000 |
| Brokered deposits | $2,827,000 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $33,413,000 |
| Cash & Balances due from depository institutions | $9,697,000 |
| Interest-bearing balances | $8,885,000 |
| Total securities | $2,485,000 |
| Federal funds sold & reverse repurchase | $2,375,000 |
| Net loans and leases | $16,534,000 |
| Loan and leases loss allowance | $37,000 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $177,000 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $1,750,000 |
| All other assets | $395,000 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $33,413,000 |
| Total Liabilities | $29,466,000 |
| Total deposits | $28,423,000 |
| Interest-bearing deposits | $27,156,000 |
| Deposits held in domestic offices | $28,423,000 |
| % insured (estimated) | $23 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $609,000 |
| Subordinated debt | $200,000 |
| All other liabilities | $234,000 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $16,534,000 |
| Loan and leases loss allowance | $37,000 |
| Total loans and leases (domestic) | $16,571,000 |
| All real estate loans | $8,365,000 |
| Real estate loans in domestic offices | $8,365,000 |
| Construction and development loans | $131,000 |
| Residential 1-4 family construction | $119,000 |
| Other construction, all land development and other land | $12,000 |
| Loans secured by nonfarm nonresidential properties | $494,000 |
| Nonfarm nonresidential secured by owner-occupied properties | $16,000 |
| Commercial real estate & other non-farm, non-residential | $478,000 |
| Multifamily residential real estate | $24,000 |
| 1-4 family residential loans | $7,716,000 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $3,000 |
| Commercial and industrial loans | $109,000 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $2,685,000 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $2,685,000 |
| All other loans & leases | $5,410,000 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $5,204,000 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $15,000 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $3,000 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
BNY Mellon had $16,534,000,000 of loans outstanding in 2020. $8,365,000,000 of loans were in real estate loans. $131,000,000 of loans were in development loans. $24,000,000 of loans were in multifamily mortgage loans. $7,716,000,000 of loans were in 1-4 family mortgage loans. $3,000,000 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 4 | $2,000 | $500,000 |
| Nonfarm, nonresidential loans - $250k-1MM | 3 | $2,000 | $666,667 |
| Commercial & Industrial, US addressed loans - <$1MM | 21 | $8,000 | $380,952 |
| Commercial & Industrial, US addressed loans - <$100k | 1 | $0 | $0 |
| Commercial & Industrial, US addressed loans - $100-250k | 6 | $1,000 | $166,667 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 14 | $7,000 | $500,000 |
| Agriculture operations loans - <$1MM | 1 | $0 | $0 |
| Agriculture operations loans - <$100k | 1 | $0 | $0 |