Emigrant Mortgage Company Rates, Fees & Info

ELMSFORD, NY

LEI: 5493002HK8IUOTMHKS81

Tax ID: 13-3432069

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Emigrant Mortgage Company is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Emigrant Mortgage Company has a high proportion of conventional loans. Their top markets by origination volume include: New York, Miami, Boston, Bridgeport, and North Port among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Emigrant Mortgage Company has an 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.

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    Originations

    154

    Origination Dollar Volume (All Markets)

    $97,560,000

    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
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 126 $78,070,000 $619,603 $0 0.00%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 14 $9,410,000 $672,143 $0 0.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 5 $4,245,000 $849,000 $0 0.00%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 3 $2,545,000 $848,333 $0 0.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $1,915,000 $1,915,000 $0 0.00%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $740,000 $370,000 $0 0.00%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    Emigrant Mortgage Company's top markets include New York, Miami, Boston, Bridgeport, and North Port among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against EMIGRANT MORTGAGE COMPANY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    N C P D Federal Credit Union
    Similarity Rank: 55
    Bogota Savings Bank
    Similarity Rank: 63
    Union County Savings Bank
    Similarity Rank: 66
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 80
    The Atlantic Federal Credit Union
    Similarity Rank: 120
    Freehold Savings Bank
    Similarity Rank: 120
    Blue Foundry Bank
    Similarity Rank: 125
    Investors Home Mortgage-IHM
    Similarity Rank: 156
    GREATER ALLIANCE
    Similarity Rank: 231
    Nassau Educators Federal Credit Union
    Similarity Rank: 248

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 154 $97,560,000 $633,506 $0 0.00%

    For 2018, Emigrant Mortgage Company's most frequently originated type of loan was Conventional, with 154 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 98 $58,550,000 $597,449 $0 0.00%
    Cash Out Refi 35 $21,095,000 $602,714 $0 0.00%
    Refi 11 $5,025,000 $456,818 $0 0.00%
    Other 8 $11,510,000 $1,438,750 $0 0.00%
    Home Improvement 2 $1,380,000 $690,000 $0 0.00%

    For 2018, Emigrant Mortgage Company's most frequently cited loan purpose was Home Purchase, with 98 originations. The 2nd most popular reason was Cash Out Refi, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 154 $97,560,000 $633,506 $0 0.00%

    For 2018, Emigrant Mortgage Company's most frequently cited loan duration was Other, with 154 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 53 $15,225,000 $287,264 $0 0.00%
    $100k-200k 26 $3,610,000 $138,846 $0 0.00%
    $400k-600k 24 $11,680,000 $486,667 $0 0.00%
    $1MM+ 23 $51,355,000 $2,232,826 $0 0.00%
    $600k-1MM 21 $15,185,000 $723,095 $0 0.00%
    $100,000 or less 7 $505,000 $72,143 $0 0.00%

    2018 saw Emigrant Mortgage Company place emphasis on $200k-400k loans with 53 originations, totaling $15,225,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 50 $55,690,000 $1,113,800 $0 0.00%
    $150k-250k 26 $13,560,000 $521,538 $0 0.00%
    $75k-100k 18 $3,640,000 $202,222 $0 0.00%
    $100k-150k 17 $4,905,000 $288,529 $0 0.00%
    $50k-75k 17 $3,185,000 $187,353 $0 0.00%
    $50k or less 2 $130,000 $65,000 $0 0.00%

    Emigrant Mortgage Company lent most frequently to those with incomes in the $250k+ range, with 50 originations. The second most popular income band? $150k-250k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 154 $97,560,000 $633,506 $0 0.00%

    Emigrant Mortgage Company lent most frequently to those with DTI ratios of Exempt%, with 154 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 78 $47,540,000 $609,487 $0 0.00%
    Asian 23 $21,135,000 $918,913 $0 0.00%
    Not applicable 23 $15,755,000 $685,000 $0 0.00%
    Chinese 9 $6,835,000 $759,444 $0 0.00%
    Not provided 6 $2,040,000 $340,000 $0 0.00%
    Asian Indian 4 $1,720,000 $430,000 $0 0.00%
    Korean 3 $1,245,000 $415,000 $0 0.00%
    Black 5 $605,000 $121,000 $0 0.00%
    Other Asian 2 $580,000 $290,000 $0 0.00%
    Vietnamese 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    77.96%

    Emigrant Mortgage Company has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    77.27%

    Emigrant Mortgage Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 154 $97,560,000 $633,506

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 154 $97,560,000 $633,506

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    ENCORE CAPITAL GROUP INC. Other type of mortgage Trouble during payment process 1 100.0%