Emigrant Mortgage Company Rates, Fees & Info
ELMSFORD, NYLEI: 5493002HK8IUOTMHKS81
Tax ID: 13-3432069
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Mortgage Data
Review & Overview
Emigrant Mortgage Company is a smaller mortgage company specializing in Home Purchase, Cash Out Refi, and Refi loans. Emigrant Mortgage Company has a high proportion of conventional loans. Their top markets by origination volume include: New York, Heber, Miami, Bridgeport, and Poughkeepsie among others. We have data for 11 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 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.
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Originations
271Origination Dollar Volume (All Markets)
$97,625,000EMIGRANT MORTGAGE COMPANY - 2021
EMIGRANT MORTGAGE COMPANY is a 2021 , due to their low .
For 2021, 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) | 253 | $89,155,000 | $352,391 | $4,855 | 2.93% |
Heber, UT (FHA|USDA|VA) | 1 | $2,025,000 | $2,025,000 | $7,258 | 3.88% |
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $1,835,000 | $367,000 | $4,828 | 2.88% |
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 3 | $1,495,000 | $498,333 | $4,202 | 3.71% |
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 3 | $1,145,000 | $381,667 | $5,880 | 3.04% |
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 3.13% |
Torrington, CT (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $3,950 | 3.25% |
Key West, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,104 | 3.00% |
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,742 | 2.13% |
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 5.63% |
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,612 | 2.50% |
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.
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Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 271 | $97,625,000 | $360,240 | $4,863 | 2.95% |
For 2021, Emigrant Mortgage Company's most frequently originated type of loan was Conventional, with 271 originations.
Loan Reason
For 2021, Emigrant Mortgage Company's most frequently cited loan purpose was Home Purchase, with 129 originations. The 2nd most popular reason was Cash Out Refi, with 69 originations.
Loan Duration/Length
For 2021, Emigrant Mortgage Company's most frequently cited loan duration was 30 Year, with 224 originations. The 2nd most popular length was 15 Year, with 36 originations.
Origination Fees/Closing Costs
Emigrant Mortgage Company's average total fees were $5,026, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 119 originations.
Interest Rates
During 2021, Emigrant Mortgage Company's average interest rate for loans was 3.05%, while their most frequently originated rate bucket for loans was 2.5-3%, with 159 originations.
Loan Sizing
2021 saw Emigrant Mortgage Company place emphasis on $200k-400k loans with 126 originations, totaling $37,890,000 in origination value.
Applicant Income
Emigrant Mortgage Company lent most frequently to those with incomes in the $150k-250k range, with 69 originations. The second most popular income band? $100k-150k, with 65 originations.
Applicant Debt to Income Ratio
Emigrant Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 86 originations. The next most common DTI ratio? <20%, with 39 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.08%
Emigrant Mortgage Company has an average approval rate.
Pick Rate
Approvals leading to origination83.39%
Emigrant Mortgage Company has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 271 | $97,625,000 | $360,240 |
LTV Distribution
Complaints
Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
ENCORE CAPITAL GROUP INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
ENCORE CAPITAL GROUP INC. | Conventional home mortgage | Closing on a mortgage | 1 | 25.0% |
ENCORE CAPITAL GROUP INC. | Conventional home mortgage | Struggling to pay mortgage | 1 | 25.0% |
ENCORE CAPITAL GROUP INC. | Conventional home mortgage | Trouble during payment process | 1 | 25.0% |