Wall Street Mortgage Bankers Ltd. Rates, Fees & Info
GREAT NECK, NYLEI: 549300E4YLQ3BVQ4GW30
Tax ID: 11-3019327
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Mortgage Data
Review & Overview
Wall Street Mortgage Bankers Ltd. is a smaller bank specializing in Refi, Home Purchase, and Cash Out Refi loans. Wall Street Mortgage Bankers Ltd. has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: New York, Los Angeles, Oxnard, Riverside, and San Diego among others. We have data for 27 markets. (Some data included below & more in-depth data is available with an active subscription.)Wall Street Mortgage Bankers Ltd. 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. Wall Street Mortgage Bankers Ltd. is typically a high 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 | 7.15% | 12/16/24 |
| 30 Year Conventional Refi | 6.55% | 12/16/24 |
| 30 Year Cash-out Refi | 6.93% | 12/16/24 |
| 30 Year FHA Purchase | 7.00% | 12/16/24 |
| 30 Year FHA Refi | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 6.15% | 12/16/24 |
| 15 Year Conventional Refi | 6.05% | 12/16/24 |
| 15 Year Cash-out Refi | 6.05% | 12/16/24 |
| 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. | ||
Wall Street Mortgage Bankers Ltd. Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,198Origination Dollar Volume (All Markets)
$657,130,000Awards
WALL STREET MORTGAGE BANKERS LTD. - 2020
WALL STREET MORTGAGE BANKERS LTD. is a 2020 , due to their low .
For 2020, 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 713 | $354,915,000 | $497,777 | $10,247 | 3.30% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 383 | $254,935,000 | $665,627 | $7,714 | 3.20% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 19 | $10,345,000 | $544,474 | $7,263 | 3.16% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 18 | $7,400,000 | $411,111 | $6,513 | 3.10% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 5 | $5,345,000 | $1,069,000 | $6,817 | 3.51% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 7 | $3,975,000 | $567,857 | $8,133 | 3.21% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 10 | $3,380,000 | $338,000 | $7,454 | 3.43% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 5 | $3,265,000 | $653,000 | $8,452 | 3.23% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 8 | $2,630,000 | $328,750 | $9,680 | 3.68% |
| Outside of Metro Areas | 5 | $1,405,000 | $281,000 | $4,787 | 2.85% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $1,285,000 | $1,285,000 | $35,140 | 6.08% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $1,250,000 | $625,000 | $9,043 | 3.06% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 4 | $1,080,000 | $270,000 | $9,162 | 2.72% |
| KINGSTON, NY (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $9,908 | 3.29% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $7,574 | 3.06% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $8,130 | 2.94% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $4,358 | 2.88% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $3,306 | 3.50% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 5.50% |
| NAPA, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,613 | 2.75% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $5,922 | 2.25% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $6,607 | 2.88% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,615 | 3.38% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,413 | 2.75% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,504 | 2.63% |
| OCALA, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,772 | 3.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,354 | 3.13% |
Similar Lenders
We use machine learning to identify the top lenders compared against WALL STREET MORTGAGE BANKERS LTD. 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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,175 | $645,065,000 | $548,991 | $8,943 | 3.26% |
| FHA | 23 | $12,065,000 | $524,565 | $21,252 | 3.30% |
For 2020, Wall Street Mortgage Bankers Ltd.'s most frequently originated type of loan was Conventional, with 1,175 originations. Their 2nd most popular type was FHA, with 23 originations.
Loan Reason
For 2020, Wall Street Mortgage Bankers Ltd.'s most frequently cited loan purpose was Refi, with 503 originations. The 2nd most popular reason was Home Purchase, with 414 originations.
Loan Duration/Length
For 2020, Wall Street Mortgage Bankers Ltd.'s most frequently cited loan duration was 30 Year, with 1,020 originations. The 2nd most popular length was 15 Year, with 108 originations.
Origination Fees/Closing Costs
Wall Street Mortgage Bankers Ltd.'s average total fees were $9,303, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 468 originations.
Interest Rates
During 2020, Wall Street Mortgage Bankers Ltd.'s average interest rate for loans was 3.30%, while their most frequently originated rate bucket for loans was 3-4%, with 564 originations.
Loan Sizing
2020 saw Wall Street Mortgage Bankers Ltd. place emphasis on $400k-600k loans with 477 originations, totaling $232,525,000 in origination value.
Applicant Income
Wall Street Mortgage Bankers Ltd. lent most frequently to those with incomes in the $100k-150k range, with 354 originations. The second most popular income band? $150k-250k, with 309 originations.
Applicant Debt to Income Ratio
Wall Street Mortgage Bankers Ltd. lent most frequently to those with DTI ratios of 20-30%, with 195 originations. The next most common DTI ratio? 30-36%, with 187 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.33%
Wall Street Mortgage Bankers Ltd. has an average approval rate.
Pick Rate
Approvals leading to origination81.14%
Wall Street Mortgage Bankers Ltd. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,198 | $657,130,000 | $548,523 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 1,198 | $657,130,000 | $548,523 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Williston Financial Group | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |