Nve Bank Mortgage Rates, Fees & Info
Englewood, NJLEI: 5493004XOOZ30KRVGC40
Tax ID: 22-0892830
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Mortgage Data
Review & Overview
Nve Bank is a smaller bank specializing in Refi and Cash Out Refi loans. Nve Bank has a high proportion of conventional loans. Their top two markets are New York and Ocean City .Nve Bank 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
46Origination Dollar Volume (All Markets)
$21,060,000Top 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) | 45 | $20,345,000 | $452,111 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 46 | $21,060,000 | $457,826 | $0 | 0.00% |
For 2023, Nve Bank's most frequently originated type of loan was Conventional, with 46 originations.
Loan Reason
For 2023, Nve Bank's most frequently cited loan purpose was Other, with 15 originations. The 2nd most popular reason was Refi, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 46 | $21,060,000 | $457,826 | $0 | 0.00% |
For 2023, Nve Bank's most frequently cited loan duration was Other, with 46 originations.
Loan Sizing
2023 saw Nve Bank place emphasis on $100,000 or less loans with 15 originations, totaling $765,000 in origination value.
Applicant Income
Nve Bank lent most frequently to those with incomes in the $150k-250k range, with 14 originations. The second most popular income band? $250k+, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 46 | $21,060,000 | $457,826 | $0 | 0.00% |
Nve Bank lent most frequently to those with DTI ratios of Exempt%, with 46 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.81%
Nve Bank has a below average approval rate.
Pick Rate
Approvals leading to origination63.04%
Nve Bank 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 |
|---|---|---|---|
| Exempt | 46 | $21,060,000 | $457,826 |