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 Cape Coral among others. We have data for 5 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.

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    Originations

    131

    Origination Dollar Volume (All Markets)

    $69,385,000

    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) 121 $63,885,000 $527,975 $0 0.00%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 4 $2,330,000 $582,500 $0 0.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 3 $2,005,000 $668,333 $0 0.00%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 2 $960,000 $480,000 $0 0.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Emigrant Mortgage Company's top markets include New York, Miami, Boston, Bridgeport, and Cape Coral among others.

    Their top states include:
  • New York (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Florida (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: 56
    Schuyler Savings Bank
    Similarity Rank: 104
    Union County Savings Bank
    Similarity Rank: 150
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 192
    Blue Foundry Bank
    Similarity Rank: 212
    Bogota Savings Bank
    Similarity Rank: 246
    MOUNTAIN MORTGAGE CORP.
    Similarity Rank: 266
    FUNDING RESOURCES MORTGAGE CORPORATION
    Similarity Rank: 292
    CREDIT UNION OF NEW JERSEY
    Similarity Rank: 360
    Atlantic Stewardship Bank
    Similarity Rank: 372

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 131 $69,385,000 $529,656 $0 0.00%

    For 2019, Emigrant Mortgage Company's most frequently originated type of loan was Conventional, with 131 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 76 $31,510,000 $414,605 $0 0.00%
    Cash Out Refi 24 $27,400,000 $1,141,667 $0 0.00%
    Refi 23 $7,405,000 $321,957 $0 0.00%
    Home Improvement 4 $2,290,000 $572,500 $0 0.00%
    Other 4 $780,000 $195,000 $0 0.00%

    For 2019, Emigrant Mortgage Company's most frequently cited loan purpose was Home Purchase, with 76 originations. The 2nd most popular reason was Cash Out Refi, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 131 $69,385,000 $529,656 $0 0.00%

    For 2019, Emigrant Mortgage Company's most frequently cited loan duration was Other, with 131 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 54 $15,960,000 $295,556 $0 0.00%
    $400k-600k 27 $13,045,000 $483,148 $0 0.00%
    $100k-200k 25 $3,515,000 $140,600 $0 0.00%
    $1MM+ 12 $28,230,000 $2,352,500 $0 0.00%
    $600k-1MM 12 $8,560,000 $713,333 $0 0.00%
    $100,000 or less 1 $75,000 $75,000 $0 0.00%

    2019 saw Emigrant Mortgage Company place emphasis on $200k-400k loans with 54 originations, totaling $15,960,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 35 $11,855,000 $338,714 $0 0.00%
    $250k+ 28 $20,790,000 $742,500 $0 0.00%
    $100k-150k 18 $5,520,000 $306,667 $0 0.00%
    $50k-75k 15 $2,865,000 $191,000 $0 0.00%
    $75k-100k 8 $1,890,000 $236,250 $0 0.00%

    Emigrant Mortgage Company lent most frequently to those with incomes in the $150k-250k range, with 35 originations. The second most popular income band? $250k+, with 28 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 131 $69,385,000 $529,656 $0 0.00%

    Emigrant Mortgage Company lent most frequently to those with DTI ratios of Exempt%, with 131 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 83 $31,055,000 $374,157 $0 0.00%
    Not applicable 24 $25,410,000 $1,058,750 $0 0.00%
    Asian 7 $3,255,000 $465,000 $0 0.00%
    Chinese 4 $2,900,000 $725,000 $0 0.00%
    Not provided 7 $2,185,000 $312,143 $0 0.00%
    Asian Indian 2 $1,930,000 $965,000 $0 0.00%
    Black 1 $1,495,000 $1,495,000 $0 0.00%
    Korean 3 $1,155,000 $385,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    81.01%

    Emigrant Mortgage Company has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    83.97%

    Emigrant Mortgage Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 131 $69,385,000 $529,656

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 131 $69,385,000 $529,656

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    ENCORE CAPITAL GROUP INC. Conventional home mortgage Trouble during payment process 1 100.0%