Emigrant Funding Corporation Mortgage Rates, Fees & Info
New York, NYLEI: 549300HG6U7GIJKDOO88
Tax ID: 13-3465439
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Mortgage Data
Review & Overview
Emigrant Funding Corporation is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Emigrant Funding Corporation has a high proportion of conventional loans. Their top markets by origination volume include: New York, Boston, Providence, and Miami among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Emigrant Funding Corporation has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 15 Year Conventional Refi | 5.68% | 11/17/24 |
| 15 Year Cash-out 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. | ||
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Originations
103Origination Dollar Volume (All Markets)
$75,065,000Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 99 | $72,125,000 | $728,535 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 103 | $75,065,000 | $728,786 | $0 | 0.00% |
For 2018, Emigrant Funding Corporation's most frequently originated type of loan was Conventional, with 103 originations.
Loan Reason
For 2018, Emigrant Funding Corporation's most frequently cited loan purpose was Cash Out Refi, with 56 originations. The 2nd most popular reason was Home Purchase, with 31 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 103 | $75,065,000 | $728,786 | $0 | 0.00% |
For 2018, Emigrant Funding Corporation's most frequently cited loan duration was Other, with 103 originations.
Loan Sizing
2018 saw Emigrant Funding Corporation place emphasis on $200k-400k loans with 31 originations, totaling $9,635,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 1 | $225,000 | $225,000 | $0 | 0.00% |
| $50k or less | 1 | $255,000 | $255,000 | $0 | 0.00% |
Emigrant Funding Corporation lent most frequently to those with incomes in the $50k-75k range, with 1 originations. The second most popular income band? $50k or less, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 103 | $75,065,000 | $728,786 | $0 | 0.00% |
Emigrant Funding Corporation lent most frequently to those with DTI ratios of Exempt%, with 103 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 101 | $74,585,000 | $738,465 | $0 | 0.00% |
| White | 2 | $480,000 | $240,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications75.16%
Emigrant Funding Corporation has a below average approval rate.
Pick Rate
Approvals leading to origination91.26%
Emigrant Funding Corporation has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 103 | $75,065,000 | $728,786 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 45 | $37,425,000 | $831,667 |
| Single Family (1-4 Units):Site-Built | 58 | $37,640,000 | $648,966 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| ENCORE CAPITAL GROUP INC. | Other type of mortgage | Trouble during payment process | 1 | 100.0% |