Greystone Funding Company Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 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

6

Origination Dollar Volume (All Markets)

$61,110,000

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
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%
Greystone Funding Company's top markets include Houston, Kansas City, Chicago, and Fort Smith among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • 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 applications
    100.00%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    6 $61,110,000 $10,185,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    60-80% 6 $61,110,000 $10,185,000 $0 3.93%