Cross River Bank Mortgage Rates, Fees & Info
Teaneck, NJLEI: 5493007V8ZEVXWVS3567
Tax ID: 26-1942598
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Cross River Bank is a smaller bank specializing in Refi loans. Cross River Bank has a high proportion of conventional loans. Their top two markets are New York and Dallas .Cross River Bank 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
24Origination Dollar Volume (All Markets)
$97,970,000Top 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) | 21 | $55,255,000 | $2,631,190 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $40,005,000 | $40,005,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $2,710,000 | $1,355,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 24 | $97,970,000 | $4,082,083 | $0 | 0.00% |
For 2024, Cross River Bank's most frequently originated type of loan was Conventional, with 24 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 19 | $86,465,000 | $4,550,789 | $0 | 0.00% |
| Home Purchase | 5 | $11,505,000 | $2,301,000 | $0 | 0.00% |
For 2024, Cross River Bank's most frequently cited loan purpose was Refi, with 19 originations. The 2nd most popular reason was Home Purchase, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 24 | $97,970,000 | $4,082,083 | $0 | 0.00% |
For 2024, Cross River Bank's most frequently cited loan duration was Other, with 24 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 18 | $94,120,000 | $5,228,889 | $0 | 0.00% |
| $600k-1MM | 4 | $2,890,000 | $722,500 | $0 | 0.00% |
| $400k-600k | 2 | $960,000 | $480,000 | $0 | 0.00% |
2024 saw Cross River Bank place emphasis on $1MM+ loans with 18 originations, totaling $94,120,000 in origination value.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 24 | $97,970,000 | $4,082,083 | $0 | 0.00% |
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 24 | $97,970,000 | $4,082,083 | $0 | 0.00% |
Approval Rates
Total approvals of all applications93.94%
Cross River Bank has an average approval rate.
Pick Rate
Approvals leading to origination75.00%
Cross River Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 24 | $97,970,000 | $4,082,083 |