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 loans. Greystone Funding Company has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Kansas City, Chicago, and Fort Smith among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Greystone Funding Company has an above 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
6Origination Dollar Volume (All Markets)
$61,110,000Top 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 |
|---|---|---|---|---|---|
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $31,580,000 | $15,790,000 | $0 | 3.97% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $19,160,000 | $9,580,000 | $0 | 4.08% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $7,005,000 | $7,005,000 | $0 | 3.84% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $3,365,000 | $3,365,000 | $0 | 3.63% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 6 | $61,110,000 | $10,185,000 | $0 | 3.93% |
For 2021, Greystone Funding Company's most frequently originated type of loan was Conventional, with 6 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 5 | $56,535,000 | $11,307,000 | $0 | 3.87% |
| Home Purchase | 1 | $4,575,000 | $4,575,000 | $0 | 4.20% |
For 2021, Greystone Funding Company's most frequently cited loan purpose was Refi, with 5 originations. The 2nd most popular reason was Home Purchase, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 10 Year | 6 | $61,110,000 | $10,185,000 | $0 | 3.93% |
For 2021, Greystone Funding Company's most frequently cited loan duration was 10 Year, with 6 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 4 | $47,030,000 | $11,757,500 |
| 4-5% | 2 | $14,080,000 | $7,040,000 |
During 2021, Greystone Funding Company's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 4 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 6 | $61,110,000 | $10,185,000 | $0 | 3.93% |
2021 saw Greystone Funding Company place emphasis on $1MM+ loans with 6 originations, totaling $61,110,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 6 | $61,110,000 | $10,185,000 | $0 | 3.93% |
Approval Rates
Total approvals of all applications100.00%
Greystone Funding Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination-16.67%
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 | 6 | $61,110,000 | $10,185,000 |