Net Mortgage Rates, Fees & Info
Scranton, PALEI: 549300FV32ULL0DL8X39
Tax ID: 23-1906213
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Mortgage Data
Review & Overview
Net is a smaller mortgage company specializing in Home Improvement, Other, and Home Purchase loans. Net has a high proportion of conventional loans. Their top two markets are Scranton and New York .Net has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
177Origination Dollar Volume (All Markets)
$11,515,000Top 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 |
|---|---|---|---|---|---|
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 164 | $10,410,000 | $63,476 | $0 | 0.00% |
| Outside of Metro Areas | 12 | $1,090,000 | $90,833 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against NET 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 | 177 | $11,515,000 | $65,056 | $0 | 0.00% |
For 2019, Net's most frequently originated type of loan was Conventional, with 177 originations.
Loan Reason
For 2019, Net's most frequently cited loan purpose was Home Improvement, with 66 originations. The 2nd most popular reason was Other, with 63 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 177 | $11,515,000 | $65,056 | $0 | 0.00% |
For 2019, Net's most frequently cited loan duration was Other, with 177 originations.
Loan Sizing
2019 saw Net place emphasis on $100,000 or less loans with 142 originations, totaling $5,950,000 in origination value.
Applicant Income
Net lent most frequently to those with incomes in the $50k-75k range, with 51 originations. The second most popular income band? $50k or less, with 45 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 177 | $11,515,000 | $65,056 | $0 | 0.00% |
Net lent most frequently to those with DTI ratios of Exempt%, with 177 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.86%
Net has an average approval rate.
Pick Rate
Approvals leading to origination90.96%
Net has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 177 | $11,515,000 | $65,056 |