Greentree Mortgage Company L.p. Rates, Fees & Info
WILMINGTON, DELEI: 549300BCHY7VFHESOE22
Tax ID: 22-3188285
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Mortgage Data
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.75% | 11/17/24 |
| 30 Year Conventional Refi | 6.75% | 11/17/24 |
| 30 Year FHA Purchase | 7.36% | 11/17/24 |
| 30 Year FHA Refi | 7.09% | 11/17/24 |
| 30 Year VA Purchase | 6.42% | 11/17/24 |
| 30 Year VA Refi | 6.50% | 11/17/24 |
| 30 Year USDA Purchase | 6.90% | 11/17/24 |
| 15 Year Conventional Purchase | 6.23% | 11/17/24 |
| 15 Year Conventional Refi | 6.19% | 11/17/24 |
| 15 Year Cash-out Refi | 6.19% | 11/17/24 |
| 15 Year FHA Refi | 5.68% | 11/17/24 |
| 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. | ||
Greentree Mortgage Company L.p. Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
5,399Origination Dollar Volume (All Markets)
$1,333,555,000Awards
GREENTREE MORTGAGE COMPANY L.P. - 2021
GREENTREE MORTGAGE COMPANY L.P. is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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% |
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.
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Product Mix
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
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
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
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
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
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
Approval Rates
Total approvals of all applications99.35%
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 origination78.22%
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
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% |