Greentree Mortgage Company L.p. Rates, Fees & Info

WILMINGTON, DE

LEI: 549300BCHY7VFHESOE22

Tax ID: 22-3188285

5 stars - out of 5 stars, based on 73 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Greentree Mortgage Company L.p. is a small mortgage company specializing in Home Purchase and Refi loans. Greentree Mortgage Company L.p. has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Philadelphia, New York, Atlantic City, Ocean City, and Vineland among others. We have data for 39 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Greentree Mortgage Company L.p. 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. Greentree Mortgage Company L.p. is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.65% 10/3/22
    30 Year Conventional Refi 6.52% 10/3/22
    30 Year FHA Purchase 7.26% 10/3/22
    30 Year FHA Refi 6.96% 10/3/22
    30 Year VA Purchase 6.39% 10/3/22
    30 Year VA Refi 6.05% 10/3/22
    30 Year USDA Purchase 6.89% 10/3/22
    30 Year USDA Refi 6.38% 10/3/22
    15 Year Conventional Purchase 6.40% 10/3/22
    15 Year Conventional Refi 6.28% 10/3/22
    15 Year Cash-out Refi 6.28% 10/3/22
    15 Year FHA Refi 6.87% 10/3/22
    15 Year VA Refi 6.33% 10/3/22
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    5,399

    Origination Dollar Volume (All Markets)

    $1,333,555,000
    Show all (15) awards

    Relative Rate

    Greentree Mortgage Company L.p.'s average 30 year fixed mortgage rate was 3.01%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.14%.

    Relative Fees (Closing Costs)

    Greentree Mortgage Company L.p.'s average total fees/closing costs for a 30 year fixed rate mortgage were $5,028.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3,602 $859,090,000 $238,504 $4,871 2.95%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 597 $188,585,000 $315,888 $4,947 2.98%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 716 $163,270,000 $228,031 $4,462 2.97%
    OCEAN CITY, NJ (FHA|USDA|VA) 98 $29,440,000 $300,408 $4,331 2.98%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 120 $25,310,000 $210,917 $5,381 2.95%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 84 $21,160,000 $251,905 $4,830 2.92%
    Outside of Metro Areas 34 $9,650,000 $283,824 $4,344 2.88%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 24 $6,390,000 $266,250 $5,185 2.89%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 16 $4,470,000 $279,375 $5,013 3.01%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 17 $3,925,000 $230,882 $4,825 3.17%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 11 $2,655,000 $241,364 $5,182 3.14%
    READING, PA (FHA|USDA|VA) 9 $2,065,000 $229,444 $5,311 2.75%
    DOVER, DE (FHA|USDA|VA) 6 $1,970,000 $328,333 $6,513 2.92%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 5 $1,725,000 $345,000 $4,093 2.75%
    LANCASTER, PA (FHA|USDA|VA) 8 $1,700,000 $212,500 $4,050 2.81%
    SALISBURY, MD-DE (FHA|USDA|VA) 5 $1,475,000 $295,000 $3,397 2.95%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $1,165,000 $388,333 $4,442 2.83%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 8 $1,060,000 $132,500 $4,290 2.92%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 5 $895,000 $179,000 $3,953 3.33%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $800,000 $200,000 $4,514 3.25%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $720,000 $360,000 $7,370 3.38%
    JACKSONVILLE, FL (FHA|USDA|VA) 2 $580,000 $290,000 $5,883 2.88%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $555,000 $185,000 $4,334 2.96%
    GETTYSBURG, PA (FHA|USDA|VA) 1 $505,000 $505,000 $5,595 2.88%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $450,000 $225,000 $6,067 3.13%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 2 $440,000 $220,000 $3,380 3.06%
    PITTSBURGH, PA (FHA|USDA|VA) 2 $420,000 $210,000 $3,509 3.13%
    Key West, FL (FHA|USDA|VA) 1 $365,000 $365,000 $3,003 2.88%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $315,000 $315,000 $2,888 3.25%
    Huntingdon, PA (FHA|USDA|VA) 1 $305,000 $305,000 $8,838 2.75%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $285,000 $285,000 $4,223 2.75%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $265,000 $265,000 $3,719 2.88%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $255,000 $255,000 $3,522 3.25%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $245,000 $245,000 $10,758 2.38%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $235,000 $235,000 $2,412 3.00%
    LEBANON, PA (FHA|USDA|VA) 2 $230,000 $115,000 $2,851 2.94%
    Lewisburg, PA (FHA|USDA|VA) 1 $225,000 $225,000 $4,202 3.13%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $215,000 $215,000 $2,744 3.75%
    Sunbury, PA (FHA|USDA|VA) 1 $145,000 $145,000 $4,105 2.88%

    Greentree Mortgage Company L.p.'s top markets include Philadelphia, New York, Atlantic City, Ocean City, and Vineland among others.

    Similar Lenders

    We use machine learning to identify the top lenders compared against GREENTREE MORTGAGE COMPANY L.P. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    N C P D Federal Credit Union
    Similarity Rank: 102
    Schuyler Savings Bank
    Similarity Rank: 352
    Louviers Federal Credit Union
    Similarity Rank: 410
    BHCU
    Similarity Rank: 504
    ATLANTIS MORTGAGE CO., INC.
    Similarity Rank: 652
    The Atlantic Federal Credit Union
    Similarity Rank: 882
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 1064
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1092
    Poli Mortgage Group, Inc.
    Similarity Rank: 1369

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,056 $1,009,010,000 $248,770 $3,833 3.00%
    FHA 1,094 $253,950,000 $232,130 $7,763 2.85%
    VA 204 $62,210,000 $304,951 $8,570 2.74%
    USDA 45 $8,385,000 $186,333 $5,380 2.96%

    For 2021, Greentree Mortgage Company L.p.'s most frequently originated type of loan was Conventional, with 4,056 originations. Their 2nd most popular type was FHA, with 1,094 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,273 $823,435,000 $251,584 $5,357 3.01%
    Refi 2,126 $510,120,000 $239,944 $3,997 2.88%

    For 2021, Greentree Mortgage Company L.p.'s most frequently cited loan purpose was Home Purchase, with 3,273 originations. The 2nd most popular reason was Refi, with 2,126 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,611 $1,154,925,000 $250,472 $5,028 3.01%
    15 Year 465 $100,225,000 $215,538 $3,458 2.52%
    20 Year 194 $46,540,000 $239,897 $3,590 2.82%
    Other 110 $28,380,000 $258,000 $4,396 2.91%
    10 Year 19 $3,485,000 $183,421 $3,120 2.47%

    For 2021, Greentree Mortgage Company L.p.'s most frequently cited loan duration was 30 Year, with 4,611 originations. The 2nd most popular length was 15 Year, with 465 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 4,717 $1,173,955,000 $248,877
    $1k-2k 252 $49,890,000 $197,976
    $2k-3k 215 $47,355,000 $220,256
    $3k-4k 130 $34,740,000 $267,231
    $4k-5k 45 $13,715,000 $304,778
    $5k+ 40 $13,900,000 $347,500

    Greentree Mortgage Company L.p.'s average total fees were $5,028, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 4,717 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 2,745 $691,185,000 $251,798
    3-4% 1,894 $456,070,000 $240,797
    <2.5% 693 $174,225,000 $251,407
    4-5% 67 $12,075,000 $180,224

    During 2021, Greentree Mortgage Company L.p.'s average interest rate for loans was 3.01%, while their most frequently originated rate bucket for loans was 2.5-3%, with 2,745 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,888 $795,410,000 $275,419 $5,215 2.94%
    $100k-200k 1,834 $287,180,000 $156,587 $4,024 2.97%
    $400k-600k 473 $219,625,000 $464,323 $5,812 2.91%
    $100,000 or less 180 $14,720,000 $81,778 $3,422 3.21%
    $600k-1MM 24 $16,620,000 $692,500 $9,399 3.13%

    2021 saw Greentree Mortgage Company L.p. place emphasis on $200k-400k loans with 2,888 originations, totaling $795,410,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,359 $279,455,000 $205,633 $5,008 2.96%
    $100k-150k 1,275 $348,095,000 $273,016 $4,758 2.98%
    $75k-100k 1,012 $245,610,000 $242,698 $4,871 2.97%
    $150k-250k 788 $247,510,000 $314,099 $4,512 2.95%
    $50k or less 723 $122,765,000 $169,799 $4,929 2.91%
    $250k+ 242 $90,120,000 $372,397 $4,585 2.92%

    Greentree Mortgage Company L.p. lent most frequently to those with incomes in the $50k-75k range, with 1,359 originations. The second most popular income band? $100k-150k, with 1,275 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,023 $253,785,000 $248,079 $4,150 2.93%
    30-36% 967 $240,095,000 $248,289 $4,485 2.97%
    50-60% 397 $98,355,000 $247,746 $8,063 2.82%
    <20% 279 $68,035,000 $243,853 $3,696 2.87%
    44% 238 $59,320,000 $249,244 $4,509 3.07%
    43% 229 $55,655,000 $243,035 $4,792 3.01%
    42% 207 $51,875,000 $250,604 $4,867 3.05%
    39% 207 $49,705,000 $240,121 $4,945 3.01%
    40% 200 $48,700,000 $243,500 $4,528 2.99%
    49% 196 $48,390,000 $246,888 $4,694 2.97%
    41% 189 $46,835,000 $247,804 $4,817 3.00%
    45% 184 $46,400,000 $252,174 $5,237 3.02%
    36% 177 $42,825,000 $241,949 $4,510 2.98%
    38% 169 $41,395,000 $244,941 $4,583 2.99%
    37% 165 $41,225,000 $249,848 $4,767 2.98%
    48% 165 $38,095,000 $230,879 $4,894 2.96%
    46% 163 $42,165,000 $258,681 $5,105 2.93%
    47% 147 $36,075,000 $245,408 $4,964 2.99%
    >60% 12 $3,530,000 $294,167 $5,517 2.69%

    Greentree Mortgage Company L.p. lent most frequently to those with DTI ratios of 20-30%, with 1,023 originations. The next most common DTI ratio? 30-36%, with 967 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,293 $1,055,115,000 $245,776 $4,672 2.95%
    Not provided 485 $120,215,000 $247,866 $5,078 2.99%
    Black 442 $108,940,000 $246,471 $6,113 3.01%
    Asian 168 $46,510,000 $276,845 $4,475 2.96%
    Other Asian 4 $1,250,000 $312,500 $6,607 2.81%
    American Indian 3 $645,000 $215,000 $6,693 3.13%
    Asian Indian 3 $625,000 $208,333 $3,429 2.92%
    Chinese 1 $255,000 $255,000 $1,823 2.75%

    Approval Rates

    Total approvals of all applications
    99.35%

    Greentree Mortgage Company L.p. 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
    78.22%

    Greentree Mortgage Company L.p. has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 5,399 $1,333,555,000 $247,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    5,399 $1,333,555,000 $247,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 113 $18,435,000 $163,142 $3,262 2.87%
    40-60% 488 $106,400,000 $218,033 $3,411 2.82%
    60-80% 1,897 $465,425,000 $245,348 $3,944 3.01%
    80-100% 2,828 $720,600,000 $254,809 $5,526 2.95%
    Over 100% 65 $21,525,000 $331,154 $13,262 2.81%
    Under 20% 8 $1,170,000 $146,250 $3,087 2.73%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    GREENTREE MORTGAGE CO. L.P. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    GREENTREE MORTGAGE CO. L.P. FHA mortgage Closing on a mortgage 1 50.0%