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

Jump to:

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 Refi, 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, Boston, Bridgeport, Miami, and Trenton 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. Emigrant Mortgage Company is typically a low 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.


    Originations

    346

    Origination Dollar Volume (All Markets)

    $121,370,000

    Awards

    EMIGRANT MORTGAGE COMPANY 30 Year Conventional Loans bronze EMIGRANT MORTGAGE COMPANY 30 Year Conventional Loans silver
    Show all (2) 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) 333 $116,225,000 $349,024 $4,422 3.06%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2 $1,150,000 $575,000 $8,165 3.56%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 3 $1,115,000 $371,667 $5,596 2.83%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $860,000 $430,000 $7,348 3.63%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $665,000 $665,000 $4,394 4.63%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 2 $530,000 $265,000 $0 2.94%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $485,000 $485,000 $5,101 2.75%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $205,000 $205,000 $4,858 2.63%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $135,000 $135,000 $2,865 2.75%
    Emigrant Mortgage Company's top markets include New York, Boston, Bridgeport, Miami, and Trenton among others.

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

    The First National Bank of Long Island
    Similarity Rank: 134
    North Jersey Federal Credit Union
    Similarity Rank: 247
    N C P D Federal Credit Union
    Similarity Rank: 482
    MOUNTAIN MORTGAGE CORP.
    Similarity Rank: 538
    ATLANTIS MORTGAGE CO., INC.
    Similarity Rank: 668
    TEG Federal Credit Union
    Similarity Rank: 715
    Hanover Community Bank
    Similarity Rank: 727
    Roselle Bank
    Similarity Rank: 796
    Poli Mortgage Group, Inc.
    Similarity Rank: 1012
    Schuyler Savings Bank
    Similarity Rank: 1083

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 346 $121,370,000 $350,780 $4,473 3.07%

    For 2020, Emigrant Mortgage Company's most frequently originated type of loan was Conventional, with 346 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 116 $37,430,000 $322,672 $3,716 2.85%
    Home Purchase 114 $41,700,000 $365,789 $4,676 3.24%
    Cash Out Refi 100 $36,650,000 $366,500 $5,123 3.04%
    Home Improvement 8 $2,150,000 $268,750 $4,481 3.84%
    Other 8 $3,440,000 $430,000 $4,949 3.27%

    For 2020, Emigrant Mortgage Company's most frequently cited loan purpose was Refi, with 116 originations. The 2nd most popular reason was Home Purchase, with 114 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 263 $96,695,000 $367,662 $4,616 3.20%
    15 Year 62 $18,010,000 $290,484 $4,187 2.56%
    20 Year 13 $4,015,000 $308,846 $3,660 2.88%
    Other 5 $1,855,000 $371,000 $3,831 2.95%
    10 Year 3 $795,000 $265,000 $3,511 2.42%

    For 2020, Emigrant Mortgage Company's most frequently cited loan duration was 30 Year, with 263 originations. The 2nd most popular length was 15 Year, with 62 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 184 $61,090,000 $332,011
    $1k-2k 72 $22,360,000 $310,556
    $2k-3k 32 $12,490,000 $390,313
    $5k+ 14 $6,640,000 $474,286
    $3k-4k 10 $3,030,000 $303,000
    $4k-5k 8 $3,360,000 $420,000

    Emigrant Mortgage Company's average total fees were $4,616, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 184 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 188 $64,440,000 $342,766
    3-4% 78 $27,680,000 $354,872
    <2.5% 49 $12,695,000 $259,082
    5-6% 16 $8,240,000 $515,000
    4-5% 15 $8,315,000 $554,333

    During 2020, Emigrant Mortgage Company's average interest rate for loans was 3.20%, while their most frequently originated rate bucket for loans was 2.5-3%, with 188 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 180 $53,670,000 $298,167 $4,046 2.96%
    $400k-600k 82 $39,700,000 $484,146 $5,827 3.17%
    $100k-200k 54 $8,380,000 $155,185 $3,429 2.97%
    $600k-1MM 22 $15,030,000 $683,182 $6,154 3.63%
    $100,000 or less 5 $305,000 $61,000 $3,105 2.95%
    $1MM+ 3 $4,285,000 $1,428,333 $5,340 4.63%

    2020 saw Emigrant Mortgage Company place emphasis on $200k-400k loans with 180 originations, totaling $53,670,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 102 $39,910,000 $391,275 $4,837 2.96%
    $100k-150k 81 $25,755,000 $317,963 $4,514 2.94%
    $250k+ 57 $24,905,000 $436,930 $4,524 3.06%
    $75k-100k 44 $10,920,000 $248,182 $4,070 2.92%
    $50k-75k 34 $7,630,000 $224,412 $3,616 2.92%
    $50k or less 7 $1,495,000 $213,571 $4,008 2.84%

    Emigrant Mortgage Company lent most frequently to those with incomes in the $150k-250k range, with 102 originations. The second most popular income band? $100k-150k, with 81 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 96 $30,720,000 $320,000 $4,329 2.97%
    <20% 74 $23,090,000 $312,027 $3,733 2.90%
    30-36% 49 $16,355,000 $333,776 $4,488 2.93%
    36% 20 $5,720,000 $286,000 $4,145 2.93%
    38% 14 $5,710,000 $407,857 $4,739 2.86%
    42% 12 $5,080,000 $423,333 $5,854 3.35%
    40% 12 $4,910,000 $409,167 $5,616 3.01%
    43% 10 $3,020,000 $302,000 $5,271 2.74%
    37% 9 $4,185,000 $465,000 $4,092 3.33%
    45% 6 $3,060,000 $510,000 $7,082 3.04%
    48% 6 $2,540,000 $423,333 $4,796 2.85%
    44% 5 $1,905,000 $381,000 $6,830 3.03%
    47% 5 $2,145,000 $429,000 $5,771 3.03%
    49% 4 $1,360,000 $340,000 $4,112 2.78%
    41% 3 $1,025,000 $341,667 $6,604 2.67%
    46% 2 $890,000 $445,000 $5,582 3.13%
    39% 2 $610,000 $305,000 $4,083 3.25%

    Emigrant Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 96 originations. The next most common DTI ratio? <20%, with 74 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 247 $82,705,000 $334,838 $4,279 2.94%
    Not provided 56 $21,430,000 $382,679 $5,508 2.96%
    Not applicable 17 $9,045,000 $532,059 $0 5.15%
    Asian 14 $5,320,000 $380,000 $4,241 3.29%
    Black 5 $1,045,000 $209,000 $4,046 3.18%
    American Indian 3 $595,000 $198,333 $2,946 2.58%
    Other Asian 2 $510,000 $255,000 $4,775 2.94%
    Asian Indian 1 $385,000 $385,000 $3,278 2.63%
    Filipino 1 $335,000 $335,000 $4,443 3.13%

    Approval Rates

    Total approvals of all applications
    87.73%

    Emigrant Mortgage Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.79%

    Emigrant Mortgage Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 346 $121,370,000 $350,780

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 346 $121,370,000 $350,780

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 72 $22,990,000 $319,306 $3,806 3.10%
    40-60% 113 $41,965,000 $371,372 $4,082 3.19%
    60-80% 122 $44,730,000 $366,639 $4,971 2.96%
    80-100% 25 $8,005,000 $320,200 $5,244 2.86%
    Under 20% 14 $3,680,000 $262,857 $4,813 3.13%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    ENCORE CAPITAL GROUP INC. Conventional home mortgage Struggling to pay mortgage 1 100.0%