Bny Mellon Mortgage Rates, Fees & Info

Pittsburgh, PA

LEI: 4EP6JBYBTPTQ47LZOB67

Tax ID: 25-0659306

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

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Mortgage Data

Bank Data

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.

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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 5.60% 3/28/24
30 Year Conventional Refi 5.84% 3/28/24
15 Year Conventional Purchase 5.37% 3/28/24
15 Year Conventional Refi 5.83% 3/28/24
15 Year Cash-out Refi 5.83% 3/28/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Bny Mellon. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,042

Origination Dollar Volume (All Markets)

$1,175,910,000

Employee count

1,560 Show all (21) awards

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%
Bny Mellon's top markets include New York, Los Angeles, Boston, San Francisco, and Miami among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
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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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 448 $479,600,000 $1,070,536 $5,514 2.94%
    Home Purchase 398 $451,610,000 $1,134,698 $7,020 2.83%
    Other 191 $241,025,000 $1,261,911 $6,032 2.79%
    Home Improvement 5 $3,675,000 $735,000 $7,093 2.78%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 972 $1,097,830,000 $1,129,455 $6,290 2.87%
    15 Year 67 $55,895,000 $834,254 $4,863 2.84%
    10 Year 2 $12,760,000 $6,380,000 $0 3.17%
    Other 1 $9,425,000 $9,425,000 $0 2.24%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 963 $1,083,775,000 $1,125,415
    $5k+ 33 $39,955,000 $1,210,758
    $1k-2k 17 $14,935,000 $878,529
    $3k-4k 1 $585,000 $585,000
    $4k-5k 1 $705,000 $705,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 447 $788,115,000 $1,763,121 $7,722 2.82%
    $600k-1MM 356 $276,840,000 $777,640 $5,459 2.91%
    $400k-600k 185 $94,425,000 $510,405 $4,519 2.88%
    $200k-400k 52 $16,240,000 $312,308 $3,756 3.01%
    $100k-200k 2 $290,000 $145,000 $3,021 3.19%

    2020 saw Bny Mellon place emphasis on $1MM+ loans with 447 originations, totaling $788,115,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 866 $1,038,870,000 $1,199,619 $6,436 2.86%
    $150k-250k 118 $77,000,000 $652,542 $5,165 2.90%
    $100k-150k 29 $12,925,000 $445,690 $3,761 3.04%
    $75k-100k 6 $1,990,000 $331,667 $4,675 2.83%
    $50k-75k 2 $510,000 $255,000 $2,957 2.94%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 340 $380,790,000 $1,119,971 $6,128 2.88%
    <20% 269 $266,155,000 $989,424 $6,031 2.86%
    30-36% 223 $255,405,000 $1,145,314 $6,169 2.86%
    36% 44 $51,200,000 $1,163,636 $7,238 2.90%
    38% 32 $42,020,000 $1,313,125 $6,025 2.84%
    40% 31 $38,335,000 $1,236,613 $6,145 2.94%
    37% 31 $32,325,000 $1,042,742 $6,457 2.90%
    39% 31 $31,455,000 $1,014,677 $5,443 2.93%
    41% 15 $24,045,000 $1,603,000 $6,300 2.85%
    42% 14 $20,910,000 $1,493,571 $9,667 2.84%
    43% 4 $5,070,000 $1,267,500 $5,557 2.84%
    45% 2 $2,300,000 $1,150,000 $6,025 3.13%
    44% 1 $1,325,000 $1,325,000 $9,047 3.13%
    46% 1 $1,015,000 $1,015,000 $0 3.00%
    47% 1 $1,375,000 $1,375,000 $7,487 2.75%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 714 $758,010,000 $1,061,639 $6,007 2.88%
    Not provided 277 $338,715,000 $1,222,798 $6,761 2.82%
    Not applicable 21 $44,615,000 $2,124,524 $6,513 2.95%
    Asian 24 $28,630,000 $1,192,917 $5,394 2.94%
    Black 5 $5,515,000 $1,103,000 $6,017 2.83%
    American Indian 1 $425,000 $425,000 $5,102 2.75%

    Approval Rates

    Total approvals of all applications
    93.09%

    Bny Mellon has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.51%

    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

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 144 $123,790,000 $859,653 $5,604 2.84%
    40-60% 247 $302,405,000 $1,224,312 $6,319 2.91%
    60-80% 485 $562,515,000 $1,159,825 $6,264 2.87%
    80-100% 133 $161,355,000 $1,213,195 $6,811 2.83%
    Under 20% 33 $25,845,000 $783,182 $4,562 2.86%

    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