Greystone Funding Company Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 5493002W52M3SYLFEX32
Tax ID: 54-1690128
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Mortgage Data
Review & Overview
Greystone Funding Company is a smaller mortgage company specializing in Refi and Home Purchase loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: New York, Dallas, Phoenix, Longview, and Orlando among others. We have data for 31 markets. (Some data included below & more in-depth data is available with an active subscription.)Greystone Funding 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.
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Originations
42Origination Dollar Volume (All Markets)
$871,300,000Top 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) | 3 | $179,945,000 | $59,981,667 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $77,960,000 | $38,980,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $70,915,000 | $23,638,333 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 4 | $70,290,000 | $17,572,500 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $49,805,000 | $49,805,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $42,900,000 | $21,450,000 | $0 | 0.00% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $37,385,000 | $37,385,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $36,555,000 | $36,555,000 | $0 | 0.00% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $30,795,000 | $30,795,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $26,195,000 | $26,195,000 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $25,205,000 | $25,205,000 | $0 | 0.00% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $24,815,000 | $24,815,000 | $0 | 0.00% |
| EL PASO, TX (FHA|USDA|VA) | 2 | $22,010,000 | $11,005,000 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $19,790,000 | $9,895,000 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $18,705,000 | $18,705,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $16,735,000 | $16,735,000 | $0 | 0.00% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $16,585,000 | $16,585,000 | $0 | 0.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $15,945,000 | $15,945,000 | $0 | 0.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $15,325,000 | $15,325,000 | $0 | 0.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $12,355,000 | $12,355,000 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $9,215,000 | $9,215,000 | $0 | 0.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $9,005,000 | $9,005,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $7,735,000 | $7,735,000 | $0 | 0.00% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $7,005,000 | $7,005,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $6,825,000 | $6,825,000 | $0 | 0.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $5,005,000 | $5,005,000 | $0 | 0.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $4,935,000 | $4,935,000 | $0 | 0.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $3,165,000 | $3,165,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $3,125,000 | $3,125,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $2,605,000 | $2,605,000 | $0 | 0.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $2,465,000 | $2,465,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| FHA | 42 | $871,300,000 | $20,745,238 | $0 | 0.00% |
For 2019, Greystone Funding Company's most frequently originated type of loan was FHA, with 42 originations.
Loan Reason
For 2019, Greystone Funding Company's most frequently cited loan purpose was Refi, with 28 originations. The 2nd most popular reason was Home Purchase, with 13 originations.
Loan Duration/Length
For 2019, Greystone Funding Company's most frequently cited loan duration was 30+ year, with 40 originations. The 2nd most popular length was 30 Year, with 1 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 42 | $871,300,000 | $20,745,238 | $0 | 0.00% |
2019 saw Greystone Funding Company place emphasis on $1MM+ loans with 42 originations, totaling $871,300,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 42 | $871,300,000 | $20,745,238 | $0 | 0.00% |
Approval Rates
Total approvals of all applications81.63%
Greystone Funding Company has a below average approval rate.
Pick Rate
Approvals leading to origination9.52%
Greystone Funding Company has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 42 | $871,300,000 | $20,745,238 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 42 | $871,300,000 | $20,745,238 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| GEORGETOWN MORTGAGE, INC. | Reverse mortgage | Trouble during payment process | 1 | 100.0% |