American Neighborhood Mortgage Dba Anniemac Home Mortgage

Mt. Laurel, NJ 08054

LEI: 549300F8C5JA44WNMI75

Tax ID: 27-2389039

2019 Data | 2018 Data


Overview

American Neighborhood Mortgage Dba Anniemac Home Mortgage is a small mortgage company specializing in Home Purchase and Refi loans. American Neighborhood Mortgage Dba Anniemac Home Mortgage has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include New Brunswick, Newark, Allentown, Camden, and Denver among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. American Neighborhood Mortgage Dba Anniemac Home Mortgage is typically a medium-low fee lendor.


Originations

10,363

Origination Dollar Volume (All Markets)

$2,433,495,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 5,826 $1,425,050,000 $244,602
FHA 3,678 $806,840,000 $219,369
VA 655 $167,435,000 $255,626
USDA 204 $34,170,000 $167,500

Conventional loans are assumed to be 20% downpayment and either fixed/adjustable rate. FHA loans start at 3.5% downpayment and are targeted towards first time homebuyers who will be owner-occupants. USDA loans target agrarian uses such as farms. VA loans are available to members of the military. FHA, USDA and VA loans are typically subsidized by the government so as to have more favorable terms for the borrower.

Loan Reason

Loan Reason Originations Total Value Average Loan
Home Purchase 7,058 $1,558,550,000 $220,820
Home Improvement 29 $6,395,000 $220,517
Refi 2,417 $662,855,000 $274,247
Cash Out Refi 859 $205,695,000 $239,459

Home purchase and refinance loans are typically offered by even the most prudent banks. Cash out refi loans typically carry higher fees-- they allow homeowners to get loans against the equity (appreciated value) of their home, but can be used irresponsibly. Lendors with a high ratio of cash out refi loans may be exposed in the event of an economic downturn, and may be more aggressive with their fee schedules.

Top Markets

Market Originations Total Value Average Loan
NEW BRUNSWICK-LAKEWOOD, NJ 983 $269,985,000 $274,654
NEWARK, NJ-PA 635 $180,405,000 $284,102
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 779 $155,205,000 $199,236
CAMDEN, NJ 572 $112,840,000 $197,273
DENVER-AURORA-LAKEWOOD, CO 318 $111,590,000 $350,912
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 263 $90,645,000 $344,658
Outside of Metro Areas 483 $87,645,000 $181,460
PHILADELPHIA, PA 367 $79,115,000 $215,572
CINCINNATI, OH-KY-IN 418 $73,500,000 $175,837
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 275 $73,405,000 $266,927
INDIANAPOLIS-CARMEL-ANDERSON, IN 337 $71,235,000 $211,380
WILMINGTON, DE-MD-NJ 308 $69,780,000 $226,558
PHOENIX-MESA-CHANDLER, AZ 347 $68,505,000 $197,421
GREENVILLE-ANDERSON, SC 301 $55,615,000 $184,767
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 207 $54,855,000 $265,000
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 126 $40,980,000 $325,238
GAINESVILLE, FL 173 $33,685,000 $194,711
BALTIMORE-COLUMBIA-TOWSON, MD 131 $33,155,000 $253,092
JACKSONVILLE, FL 125 $27,225,000 $217,800
LOUISVILLE/JEFFERSON COUNTY, KY-IN 137 $26,095,000 $190,474
SALISBURY, MD-DE 99 $25,935,000 $261,970
MANCHESTER-NASHUA, NH 96 $25,730,000 $268,021
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 101 $25,625,000 $253,713
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 122 $25,400,000 $208,197
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 75 $25,165,000 $335,533
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 66 $24,330,000 $368,636
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 119 $22,045,000 $185,252
COLORADO SPRINGS, CO 75 $20,975,000 $279,667
READING, PA 98 $18,800,000 $191,837
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 66 $16,350,000 $247,727
WORCESTER, MA-CT 58 $15,480,000 $266,897
ROANOKE, VA 83 $14,895,000 $179,458
TRENTON-PRINCETON, NJ 63 $14,675,000 $232,937
CHARLESTON-NORTH CHARLESTON, SC 58 $13,800,000 $237,931
MIAMI-MIAMI BEACH-KENDALL, FL 53 $13,415,000 $253,113
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 56 $13,230,000 $236,250
SPARTANBURG, SC 82 $13,070,000 $159,390
ORLANDO-KISSIMMEE-SANFORD, FL 56 $12,500,000 $223,214
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 50 $12,060,000 $241,200
DOVER, DE 53 $11,745,000 $221,604
EAST STROUDSBURG, PA 72 $11,550,000 $160,417
PORTLAND-SOUTH PORTLAND, ME 41 $10,635,000 $259,390
TAMPA-ST. PETERSBURG-CLEARWATER, FL 45 $9,595,000 $213,222
CLEVELAND-ELYRIA, OH 63 $9,525,000 $151,190
GREENVILLE, NC 56 $9,300,000 $166,071
GREELEY, CO 25 $8,885,000 $355,400
ATLANTIC CITY-HAMMONTON, NJ 45 $8,245,000 $183,222
BOSTON, MA 21 $7,985,000 $380,238
DALLAS-PLANO-IRVING, TX 28 $7,980,000 $285,000
OAKLAND-BERKELEY-LIVERMORE, CA 25 $7,885,000 $315,400
CHARLOTTE-CONCORD-GASTONIA, NC-SC 32 $7,700,000 $240,625
OCALA, FL 47 $7,635,000 $162,447
AUSTIN-ROUND ROCK-GEORGETOWN, TX 23 $7,465,000 $324,565
GULFPORT-BILOXI, MS 46 $7,460,000 $162,174
NEW BERN, NC 42 $7,400,000 $176,190
LAS VEGAS-HENDERSON-PARADISE, NV 27 $6,995,000 $259,074
SEATTLE-BELLEVUE-KENT, WA 19 $6,945,000 $365,526
WAUSAU-WESTON, WI 44 $6,620,000 $150,455
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 14 $5,920,000 $422,857
RICHMOND, VA 17 $5,535,000 $325,588
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 21 $5,465,000 $260,238
MIDLAND, TX 18 $5,400,000 $300,000
HAGERSTOWN-MARTINSBURG, MD-WV 29 $5,345,000 $184,310
VINELAND-BRIDGETON, NJ 29 $4,985,000 $171,897
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 16 $4,510,000 $281,875
SACRAMENTO-ROSEVILLE-FOLSOM, CA 14 $4,500,000 $321,429
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 17 $4,125,000 $242,647
OCEAN CITY, NJ 15 $4,095,000 $273,000
BRIDGEPORT-STAMFORD-NORWALK, CT 10 $4,020,000 $402,000
BLACKSBURG-CHRISTIANSBURG, VA 22 $3,940,000 $179,091
AMARILLO, TX 20 $3,840,000 $192,000
FORT WORTH-ARLINGTON-GRAPEVINE, TX 18 $3,830,000 $212,778
SAN ANTONIO-NEW BRAUNFELS, TX 18 $3,600,000 $200,000
COLUMBIA, SC 16 $3,460,000 $216,250
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 11 $3,325,000 $302,273
COLUMBUS, OH 11 $3,245,000 $295,000
ANAHEIM-SANTA ANA-IRVINE, CA 7 $3,215,000 $459,286
LOS ANGELES-LONG BEACH-GLENDALE, CA 8 $3,180,000 $397,500
LYNCHBURG, VA 16 $2,690,000 $168,125
PROVIDENCE-WARWICK, RI-MA 9 $2,685,000 $298,333
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 6 $2,490,000 $415,000
KILLEEN-TEMPLE, TX 16 $2,460,000 $153,750
OXNARD-THOUSAND OAKS-VENTURA, CA 6 $2,460,000 $410,000
BOULDER, CO 7 $2,435,000 $347,857
FORT COLLINS, CO 7 $2,265,000 $323,571
YORK-HANOVER, PA 12 $2,120,000 $176,667
TUCSON, AZ 7 $2,105,000 $300,714
WINSTON-SALEM, NC 12 $2,080,000 $173,333
GREEN BAY, WI 16 $2,080,000 $130,000
LAKELAND-WINTER HAVEN, FL 10 $2,030,000 $203,000
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 7 $2,015,000 $287,857
CAPE CORAL-FORT MYERS, FL 8 $2,010,000 $251,250
SALT LAKE CITY, UT 6 $1,990,000 $331,667
LANCASTER, PA 10 $1,960,000 $196,000
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 4 $1,940,000 $485,000
NASSAU COUNTY-SUFFOLK COUNTY, NY 5 $1,925,000 $385,000
PALM BAY-MELBOURNE-TITUSVILLE, FL 7 $1,845,000 $263,571
AKRON, OH 9 $1,835,000 $203,889
NEW HAVEN-MILFORD, CT 9 $1,825,000 $202,778
NAPLES-MARCO ISLAND, FL 7 $1,815,000 $259,286
PORT ST. LUCIE, FL 4 $1,770,000 $442,500
LUBBOCK, TX 7 $1,635,000 $233,571
STOCKTON, CA 4 $1,580,000 $395,000
NORTH PORT-SARASOTA-BRADENTON, FL 7 $1,555,000 $222,143
WARREN-TROY-FARMINGTON HILLS, MI 4 $1,480,000 $370,000
CHICAGO-NAPERVILLE-EVANSTON, IL 5 $1,475,000 $295,000
GREENSBORO-HIGH POINT, NC 7 $1,425,000 $203,571
PITTSBURGH, PA 7 $1,365,000 $195,000
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 6 $1,360,000 $226,667
LAKE COUNTY-KENOSHA COUNTY, IL-WI 5 $1,305,000 $261,000
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 10 $1,260,000 $126,000
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 5 $1,185,000 $237,000
SEBASTIAN-VERO BEACH, FL 6 $1,180,000 $196,667
MILWAUKEE-WAUKESHA, WI 6 $1,120,000 $186,667
FAYETTEVILLE, NC 7 $1,115,000 $159,286
WICHITA FALLS, TX 7 $1,115,000 $159,286
WACO, TX 5 $1,115,000 $223,000
HARRISBURG-CARLISLE, PA 5 $1,095,000 $219,000
DULUTH, MN-WI 4 $1,090,000 $272,500
RALEIGH-CARY, NC 5 $1,035,000 $207,000
SPOKANE-SPOKANE VALLEY, WA 3 $985,000 $328,333
WILMINGTON, NC 3 $975,000 $325,000
SAVANNAH, GA 4 $970,000 $242,500
DAYTON-KETTERING, OH 4 $930,000 $232,500
CALIFORNIA-LEXINGTON PARK, MD 3 $915,000 $305,000
NORWICH-NEW LONDON, CT 5 $915,000 $183,000
BAKERSFIELD, CA 4 $900,000 $225,000
HOMOSASSA SPRINGS, FL 5 $885,000 $177,000
PUEBLO, CO 6 $870,000 $145,000
WATERTOWN-FORT DRUM, NY 5 $865,000 $173,000
LAKE HAVASU CITY-KINGMAN, AZ 4 $860,000 $215,000
TALLAHASSEE, FL 4 $820,000 $205,000
TACOMA-LAKEWOOD, WA 3 $815,000 $271,667
PENSACOLA-FERRY PASS-BRENT, FL 4 $790,000 $197,500
GRAND JUNCTION, CO 2 $790,000 $395,000
LEXINGTON-FAYETTE, KY 4 $780,000 $195,000
SPRINGFIELD, MA 3 $755,000 $251,667
CHAMBERSBURG-WAYNESBORO, PA 4 $750,000 $187,500
AUGUSTA-RICHMOND COUNTY, GA-SC 5 $735,000 $147,000
FLAGSTAFF, AZ 2 $710,000 $355,000
KENNEWICK-RICHLAND, WA 2 $690,000 $345,000
BARNSTABLE TOWN, MA 3 $665,000 $221,667
HUNTSVILLE, AL 2 $660,000 $330,000
MODESTO, CA 3 $645,000 $215,000
DURHAM-CHAPEL HILL, NC 3 $625,000 $208,333
COLUMBUS, IN 3 $625,000 $208,333
SYRACUSE, NY 6 $620,000 $103,333
MADISON, WI 3 $615,000 $205,000
JACKSONVILLE, NC 3 $615,000 $205,000
SOUTH BEND-MISHAWAKA, IN-MI 3 $615,000 $205,000
ELIZABETHTOWN-FORT KNOX, KY 5 $595,000 $119,000
KNOXVILLE, TN 2 $590,000 $295,000
SCRANTON--WILKES-BARRE, PA 4 $590,000 $147,500
APPLETON, WI 3 $585,000 $195,000
HICKORY-LENOIR-MORGANTON, NC 2 $580,000 $290,000
MUNCIE, IN 3 $555,000 $185,000
CANTON-MASSILLON, OH 4 $550,000 $137,500
ALBANY-SCHENECTADY-TROY, NY 2 $520,000 $260,000
FLORENCE, SC 3 $495,000 $165,000
SUMTER, SC 3 $465,000 $155,000
RENO, NV 2 $460,000 $230,000
SAN RAFAEL, CA 1 $455,000 $455,000
SANTA MARIA-SANTA BARBARA, CA 1 $445,000 $445,000
WINCHESTER, VA-WV 1 $445,000 $445,000
BELLINGHAM, WA 1 $445,000 $445,000
BLOOMINGTON, IN 2 $440,000 $220,000
WALLA WALLA, WA 1 $425,000 $425,000
MCALLEN-EDINBURG-MISSION, TX 2 $410,000 $205,000
VALLEJO, CA 1 $395,000 $395,000
NEW ORLEANS-METAIRIE, LA 1 $395,000 $395,000
LEBANON, PA 2 $390,000 $195,000
KOKOMO, IN 2 $380,000 $190,000
HATTIESBURG, MS 2 $380,000 $190,000
SANTA CRUZ-WATSONVILLE, CA 1 $375,000 $375,000
MEMPHIS, TN-MS-AR 1 $355,000 $355,000
UTICA-ROME, NY 1 $335,000 $335,000
ATHENS-CLARKE COUNTY, GA 1 $335,000 $335,000
LA CROSSE-ONALASKA, WI-MN 1 $315,000 $315,000
PUNTA GORDA, FL 2 $310,000 $155,000
ELKHART-GOSHEN, IN 2 $280,000 $140,000
SIERRA VISTA-DOUGLAS, AZ 1 $275,000 $275,000
ELGIN, IL 1 $275,000 $275,000
SHERMAN-DENISON, TX 1 $275,000 $275,000
MORGANTOWN, WV 1 $275,000 $275,000
GARY, IN 1 $275,000 $275,000
CORVALLIS, OR 1 $275,000 $275,000
GETTYSBURG, PA 1 $275,000 $275,000
THE VILLAGES, FL 1 $275,000 $275,000
PROVO-OREM, UT 1 $265,000 $265,000
GLENS FALLS, NY 1 $255,000 $255,000
ROCHESTER, NY 1 $255,000 $255,000
GAINESVILLE, GA 1 $245,000 $245,000
VISALIA, CA 1 $235,000 $235,000
BEND, OR 1 $235,000 $235,000
BIRMINGHAM-HOOVER, AL 1 $225,000 $225,000
CHICO, CA 1 $225,000 $225,000
CHATTANOOGA, TN-GA 1 $215,000 $215,000
MANKATO, MN 1 $215,000 $215,000
OGDEN-CLEARFIELD, UT 1 $205,000 $205,000
ROME, GA 1 $205,000 $205,000
EVANSVILLE, IN-KY 1 $205,000 $205,000
COLLEGE STATION-BRYAN, TX 1 $195,000 $195,000
ROCHESTER, MN 1 $175,000 $175,000
EAU CLAIRE, WI 1 $175,000 $175,000
LAFAYETTE-WEST LAFAYETTE, IN 1 $165,000 $165,000
CHARLESTON, WV 1 $165,000 $165,000
FORT WAYNE, IN 1 $165,000 $165,000
PITTSFIELD, MA 1 $155,000 $155,000
YUBA CITY, CA 1 $145,000 $145,000
ROCKY MOUNT, NC 1 $135,000 $135,000
MACON-BIBB COUNTY, GA 1 $125,000 $125,000
TOLEDO, OH 1 $125,000 $125,000
DAPHNE-FAIRHOPE-FOLEY, AL 1 $115,000 $115,000
JACKSON, MS 1 $115,000 $115,000
HUNTINGTON-ASHLAND, WV-KY-OH 1 $105,000 $105,000
BINGHAMTON, NY 1 $105,000 $105,000
MONTGOMERY, AL 1 $55,000 $55,000
MOBILE, AL 1 $55,000 $55,000

Lendors vary in competitiveness at the per market level-- meaning they may have better terms, deals or promotions based on the mortgaged property's location.

Interest Rate & Spreads

Loan Rate Originations Total Value Average Loan
<2.5% 19 $115,000 $6,053
2.5-3% 64 $18,820,000 $294,063
3-4% 3,848 $1,021,420,000 $265,442
4-5% 5,092 $1,142,690,000 $224,409
5-6% 1,314 $246,980,000 $187,960
6-7% 16 $2,750,000 $171,875
7-8% 10 $720,000 $72,000

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 664 $49,500,000 $74,548
$100k-200k 3,959 $610,325,000 $154,161
$200k-400k 4,903 $1,362,705,000 $277,933
$400k-600k 750 $346,280,000 $461,707
$600k-1000k 80 $55,420,000 $692,750
$Over $1MM 7 $9,265,000 $1,323,571

Different banks have different objectives. Some banks focus solely on high net worth individuals. Others focus on FHA loans for lower income applicants. Knowing what a bank specializes in allows better optimization given the applicant's financial situation.

LTV Distribution

Loan to Value Originations Total Value Average Loan
20-40% 152 $23,020,000 $151,447
40-60% 458 $98,110,000 $214,214
60-80% 2,559 $627,025,000 $245,027
80-100% 7,018 $1,648,150,000 $234,846
Over 100% 128 $35,500,000 $277,344
Under 20% 48 $1,690,000 $35,208

LTV, or loan-to-value, is the amount loaned relative to a home's value. Lower LTV lending implies a larger downpayment-- reducing risk to the lendor. FHA loans will nearly always have a higher LTV due to the lower downpayment requirements. Higher LTVs may also mean a bank is charging higher fees or interest rates to compensate for their risk exposure.

Applicant Income

Applicant Income Originations Total Value Average Loan
$100k-150k 1,889 $541,975,000 $286,911
$150k-250k 988 $326,610,000 $330,577
$50k-75k 2,649 $514,315,000 $194,154
$50k-or less 2,765 $500,565,000 $181,036
$75k-100k 1,799 $440,755,000 $245,000
$Over $250k 273 $109,275,000 $400,275

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 8,379 $1,951,075,000 $232,853
Black 1,075 $234,485,000 $218,126
Asian 455 $129,895,000 $285,484
Not provided 423 $111,145,000 $262,754
American Indian 18 $3,900,000 $216,667
Native Hawaiian 10 $2,170,000 $217,000
Chinese 2 $490,000 $245,000
Other Pacific Islander 1 $335,000 $335,000

Approval Rates

Total approvals of all applications
94.70%

A high approval rate means banks are more selective in who they market to or that they are loosey-goosey with who they lend to. Low approval rates may mean a lendor is more stringent in their lending standards.

Pick Rate

Approvals leading to origination
73.72%

A bank's pick rate is how often they are chosen by an applicant once approved. A high pick rate typically means the bank has some sort of advantage-- either the best terms (rates/fees), fastest closing time or even the best customer service. Banks with <75% pick rate may need further investigation as to why they are not more competitive.

Points and Fees

Points Originations Total Value Average Loan
NA 10,363 $2,433,495,000 $234,825

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 1,075 $247,005,000 $229,772
$1k-2k 5,908 $1,372,100,000 $232,244
$2k-3k 1,524 $315,380,000 $206,942
$3k-4k 1,344 $324,160,000 $241,190
$5k+ 512 $174,850,000 $341,504

Banks make money on their float/interest spread (fees charged to borrowers vs fees they pay for their capital), for servicing loans, as well as charging origination fees when a loan is disbursed. Modern low-cost efficient lendors can have fees totaling less than $500 for many mortgages-- as low as $250 in some cases. Average lendors will be in the $1k-2k range and high cost lendors will be even more. The costs incurred by the bank will be similar no matter the loan amount, so this is to be viewed as a profit center for most banks.

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 163 $20,385,000 $125,061
Single Family (1-4 Units):Site-Built 10,200 $2,413,110,000 $236,579