Trident Mortgage Company Lp Rates, Fees & Info

WILMINGTON, DE

LEI: 549300LDVDAIKBVCY905

Tax ID: 20-0378305

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Trident Mortgage Company Lp is a small mortgage company specializing in Home Purchase loans. Trident Mortgage Company Lp 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, Allentown, Atlantic City, Ocean City, and New York among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Trident Mortgage Company Lp 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. Trident Mortgage Company Lp 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    5,560

    Origination Dollar Volume (All Markets)

    $1,401,340,000

    Awards

    TRIDENT MORTGAGE COMPANY LP 30 Year Conventional Loans silver TRIDENT MORTGAGE COMPANY LP 30 Year Conventional Loans gold
    Show all (2) awards

    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) 4,462 $1,159,020,000 $259,753 $4,841 4.64%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 477 $94,355,000 $197,809 $4,501 4.75%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 184 $37,380,000 $203,152 $4,125 4.68%
    OCEAN CITY, NJ (FHA|USDA|VA) 94 $29,620,000 $315,106 $4,194 4.57%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 75 $26,995,000 $359,933 $5,593 4.49%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 87 $19,535,000 $224,540 $4,569 4.71%
    READING, PA (FHA|USDA|VA) 37 $7,655,000 $206,892 $4,511 4.75%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 44 $6,660,000 $151,364 $4,537 4.76%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 33 $4,945,000 $149,848 $4,347 4.79%
    DOVER, DE (FHA|USDA|VA) 20 $4,790,000 $239,500 $5,411 4.88%
    SALISBURY, MD-DE (FHA|USDA|VA) 11 $3,275,000 $297,727 $4,172 4.68%
    LANCASTER, PA (FHA|USDA|VA) 13 $2,775,000 $213,462 $4,938 4.60%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 11 $2,015,000 $183,182 $3,773 4.54%
    Pottsville, PA (FHA|USDA|VA) 7 $1,525,000 $217,857 $3,948 4.98%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $390,000 $195,000 $3,190 4.75%
    YORK-HANOVER, PA (FHA|USDA|VA) 2 $320,000 $160,000 $2,183 4.31%
    Outside of Metro Areas 1 $85,000 $85,000 $3,225 5.50%
    Trident Mortgage Company Lp's top markets include Philadelphia, Allentown, Atlantic City, Ocean City, and New York among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against TRIDENT MORTGAGE COMPANY LP based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    The Neffs National Bank
    Similarity Rank: 30
    N C P D Federal Credit Union
    Similarity Rank: 55
    Iron Workers Savings Bank
    Similarity Rank: 63
    Bogota Savings Bank
    Similarity Rank: 63
    Union County Savings Bank
    Similarity Rank: 66
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 80
    Haddon Savings Bank
    Similarity Rank: 116
    The Atlantic Federal Credit Union
    Similarity Rank: 120
    Freehold Savings Bank
    Similarity Rank: 120
    Blue Foundry Bank
    Similarity Rank: 125

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,494 $1,180,630,000 $262,713 $4,248 4.62%
    FHA 885 $171,585,000 $193,881 $7,048 4.83%
    VA 147 $42,905,000 $291,871 $7,050 4.57%
    USDA 34 $6,220,000 $182,941 $4,898 4.63%

    For 2018, Trident Mortgage Company Lp's most frequently originated type of loan was Conventional, with 4,494 originations. Their 2nd most popular type was FHA, with 885 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 5,296 $1,338,830,000 $252,800 $4,818 4.65%
    Cash Out Refi 122 $28,990,000 $237,623 $3,894 4.78%
    Refi 94 $23,920,000 $254,468 $3,956 4.43%
    Other 48 $9,600,000 $200,000 $3,530 4.85%

    For 2018, Trident Mortgage Company Lp's most frequently cited loan purpose was Home Purchase, with 5,296 originations. The 2nd most popular reason was Cash Out Refi, with 122 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 5,179 $1,326,245,000 $256,081 $4,867 4.68%
    15 Year 231 $54,725,000 $236,905 $4,166 4.06%
    20 Year 76 $17,400,000 $228,947 $4,047 4.51%
    10 Year 70 $2,330,000 $33,286 $578 4.09%
    Other 4 $640,000 $160,000 $3,647 4.72%

    For 2018, Trident Mortgage Company Lp's most frequently cited loan duration was 30 Year, with 5,179 originations. The 2nd most popular length was 15 Year, with 231 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 3,747 $963,315,000 $257,090
    $1k-2k 1,347 $295,135,000 $219,105
    $2k-3k 228 $62,510,000 $274,167
    $3k-4k 103 $33,625,000 $326,456
    $5k+ 70 $26,140,000 $373,429
    $4k-5k 65 $20,615,000 $317,154

    Trident Mortgage Company Lp's average total fees were $4,867, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3,747 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 4,393 $1,156,105,000 $263,170
    5-6% 675 $126,625,000 $187,593
    3-4% 405 $114,985,000 $283,914
    6-7% 29 $3,335,000 $115,000

    During 2018, Trident Mortgage Company Lp's average interest rate for loans was 4.68%, while their most frequently originated rate bucket for loans was 4-5%, with 4,393 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,727 $766,355,000 $281,025 $5,122 4.60%
    $100k-200k 1,799 $277,705,000 $154,366 $4,233 4.75%
    $400k-600k 523 $239,375,000 $457,696 $5,654 4.50%
    $100,000 or less 388 $25,180,000 $64,897 $2,782 4.95%
    $600k-1MM 114 $81,170,000 $712,018 $7,190 4.40%
    $1MM+ 9 $11,555,000 $1,283,889 $10,097 4.39%

    2018 saw Trident Mortgage Company Lp place emphasis on $200k-400k loans with 2,727 originations, totaling $766,355,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,321 $246,925,000 $186,923 $4,495 4.70%
    $100k-150k 1,272 $352,210,000 $276,895 $5,004 4.62%
    $75k-100k 1,033 $235,505,000 $227,982 $4,783 4.69%
    $150k-250k 958 $324,180,000 $338,392 $4,982 4.60%
    $50k or less 615 $79,145,000 $128,691 $4,116 4.75%
    $250k+ 358 $162,380,000 $453,575 $5,508 4.50%

    Trident Mortgage Company Lp lent most frequently to those with incomes in the $50k-75k range, with 1,321 originations. The second most popular income band? $100k-150k, with 1,272 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,137 $311,775,000 $274,208 $4,556 4.57%
    30-36% 1,084 $279,870,000 $258,183 $4,575 4.62%
    <20% 345 $91,045,000 $263,899 $4,259 4.47%
    50-60% 251 $56,055,000 $223,327 $7,000 4.80%
    42% 229 $62,285,000 $271,987 $5,073 4.71%
    40% 221 $56,755,000 $256,810 $4,762 4.72%
    49% 217 $48,405,000 $223,065 $4,680 4.70%
    39% 209 $50,605,000 $242,129 $4,851 4.65%
    44% 205 $47,465,000 $231,537 $4,814 4.74%
    43% 199 $47,375,000 $238,065 $4,653 4.74%
    37% 196 $49,060,000 $250,306 $4,748 4.71%
    38% 192 $44,410,000 $231,302 $4,847 4.70%
    46% 191 $44,565,000 $233,325 $5,028 4.74%
    41% 189 $45,925,000 $242,989 $4,743 4.70%
    36% 184 $46,380,000 $252,065 $4,690 4.65%
    45% 173 $39,485,000 $228,237 $4,622 4.67%
    48% 171 $40,055,000 $234,240 $4,763 4.78%
    47% 167 $39,825,000 $238,473 $4,875 4.73%

    Trident Mortgage Company Lp lent most frequently to those with DTI ratios of 20-30%, with 1,137 originations. The next most common DTI ratio? 30-36%, with 1,084 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,368 $877,030,000 $260,401 $4,672 4.64%
    Not provided 1,716 $413,460,000 $240,944 $4,940 4.65%
    Asian 219 $59,435,000 $271,393 $4,484 4.57%
    Black 231 $44,655,000 $193,312 $5,203 4.89%
    Asian Indian 13 $3,755,000 $288,846 $4,652 4.80%
    American Indian 8 $1,800,000 $225,000 $5,484 4.80%
    Filipino 2 $450,000 $225,000 $6,147 4.94%
    Korean 1 $265,000 $265,000 $8,353 4.63%
    Chinese 1 $255,000 $255,000 $5,833 4.63%
    Other Pacific Islander 1 $235,000 $235,000 $4,394 4.63%

    Approval Rates

    Total approvals of all applications
    98.55%

    Trident Mortgage Company Lp has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    76.55%

    Trident Mortgage Company Lp has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 5,560 $1,401,340,000 $252,040

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 5,560 $1,401,340,000 $252,040

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 114 $17,520,000 $153,684 $3,295 4.53%
    40-60% 310 $69,750,000 $225,000 $3,995 4.46%
    60-80% 1,517 $425,005,000 $280,162 $4,372 4.64%
    80-100% 3,520 $878,210,000 $249,491 $5,089 4.68%
    Over 100% 36 $10,230,000 $284,167 $10,068 4.65%
    Under 20% 61 $485,000 $7,951 $115 4.50%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    TRIDENT MORTGAGE COMPANY, LP Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    TRIDENT MORTGAGE COMPANY, LP FHA mortgage Closing on a mortgage 1 50.0%