Trident Mortgage Company Lp Rates, Fees & Info

WILMINGTON, DE

LEI: 549300LDVDAIKBVCY905

Tax ID: 20-0378305

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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 and Refi 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, New York, Allentown, Trenton, and Ocean City among others. We have data for 26 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.

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    Originations

    9,816

    Origination Dollar Volume (All Markets)

    $2,933,650,000
    Show all (6) 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) 7,416 $2,273,480,000 $306,564 $5,157 3.14%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 598 $211,930,000 $354,398 $4,855 2.87%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 844 $192,000,000 $227,488 $4,801 3.10%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 196 $61,630,000 $314,439 $4,907 3.11%
    OCEAN CITY, NJ (FHA|USDA|VA) 145 $58,115,000 $400,793 $4,976 3.10%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 245 $57,585,000 $235,041 $4,526 3.13%
    READING, PA (FHA|USDA|VA) 69 $14,765,000 $213,986 $4,754 3.03%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 67 $11,675,000 $174,254 $4,696 3.17%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 59 $11,545,000 $195,678 $4,869 3.12%
    SALISBURY, MD-DE (FHA|USDA|VA) 37 $9,655,000 $260,946 $4,084 3.29%
    LANCASTER, PA (FHA|USDA|VA) 27 $5,615,000 $207,963 $4,471 2.96%
    DOVER, DE (FHA|USDA|VA) 22 $5,070,000 $230,455 $5,874 3.05%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 28 $4,700,000 $167,857 $4,233 2.75%
    Pottsville, PA (FHA|USDA|VA) 15 $3,085,000 $205,667 $4,949 2.92%
    Outside of Metro Areas 12 $2,760,000 $230,000 $4,439 3.29%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 7 $2,575,000 $367,857 $3,613 3.36%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 11 $2,235,000 $203,182 $4,030 3.24%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $1,155,000 $1,155,000 $8,569 2.88%
    YORK-HANOVER, PA (FHA|USDA|VA) 5 $985,000 $197,000 $3,622 3.13%
    PITTSBURGH, PA (FHA|USDA|VA) 4 $890,000 $222,500 $6,233 3.16%
    LEBANON, PA (FHA|USDA|VA) 2 $620,000 $310,000 $4,785 2.88%
    STATE COLLEGE, PA (FHA|USDA|VA) 2 $420,000 $210,000 $4,031 3.06%
    Easton, MD (FHA|USDA|VA) 1 $405,000 $405,000 $4,085 2.63%
    Sunbury, PA (FHA|USDA|VA) 1 $315,000 $315,000 $4,700 2.88%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $235,000 $235,000 $4,591 2.88%
    GETTYSBURG, PA (FHA|USDA|VA) 1 $205,000 $205,000 $3,956 2.88%
    Trident Mortgage Company Lp's top markets include Philadelphia, New York, Allentown, Trenton, and Ocean City among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Maryland (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 First National Bank of Long Island
    Similarity Rank: 134
    North Jersey Federal Credit Union
    Similarity Rank: 247
    BELLCO
    Similarity Rank: 354
    Princeton Federal Credit Union
    Similarity Rank: 450
    N C P D Federal Credit Union
    Similarity Rank: 482
    MOUNTAIN MORTGAGE CORP.
    Similarity Rank: 538
    EVERENCE FEDERAL CREDIT UNION
    Similarity Rank: 544
    Alcova Mortgage LLC
    Similarity Rank: 544
    First Citizens Community Bank
    Similarity Rank: 589
    BHCU
    Similarity Rank: 625

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 8,658 $2,675,270,000 $308,994 $4,682 3.10%
    FHA 993 $207,545,000 $209,008 $7,788 3.24%
    VA 139 $45,465,000 $327,086 $9,392 3.16%
    USDA 26 $5,370,000 $206,538 $5,584 3.16%

    For 2020, Trident Mortgage Company Lp's most frequently originated type of loan was Conventional, with 8,658 originations. Their 2nd most popular type was FHA, with 993 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 6,392 $1,877,410,000 $293,712 $5,425 3.12%
    Refi 2,940 $914,610,000 $311,092 $4,329 3.07%
    Cash Out Refi 452 $135,030,000 $298,739 $4,818 3.37%
    Other 32 $6,600,000 $206,250 $4,538 3.49%

    For 2020, Trident Mortgage Company Lp's most frequently cited loan purpose was Home Purchase, with 6,392 originations. The 2nd most popular reason was Refi, with 2,940 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 8,626 $2,633,110,000 $305,253 $5,224 3.18%
    15 Year 882 $235,630,000 $267,154 $4,190 2.77%
    20 Year 160 $45,650,000 $285,313 $4,142 3.09%
    10 Year 93 $3,625,000 $38,978 $580 0.45%
    Other 55 $15,635,000 $284,273 $4,496 3.10%

    For 2020, Trident Mortgage Company Lp's most frequently cited loan duration was 30 Year, with 8,626 originations. The 2nd most popular length was 15 Year, with 882 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 8,531 $2,538,325,000 $297,541
    $2k-3k 457 $140,565,000 $307,582
    $<1k 319 $57,405,000 $179,953
    $3k-4k 214 $66,210,000 $309,393
    $5k+ 174 $87,630,000 $503,621
    $4k-5k 121 $43,515,000 $359,628

    Trident Mortgage Company Lp's average total fees were $5,224, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 8,531 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 4,947 $1,465,565,000 $296,253
    2.5-3% 4,100 $1,281,640,000 $312,595
    <2.5% 544 $141,600,000 $260,294
    4-5% 197 $41,635,000 $211,345
    5-6% 27 $3,205,000 $118,704

    During 2020, Trident Mortgage Company Lp's average interest rate for loans was 3.18%, while their most frequently originated rate bucket for loans was 3-4%, with 4,947 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 5,175 $1,492,915,000 $288,486 $4,991 3.11%
    $100k-200k 2,246 $356,020,000 $158,513 $4,388 3.22%
    $400k-600k 1,698 $797,360,000 $469,588 $5,977 3.06%
    $100,000 or less 379 $23,945,000 $63,179 $2,832 2.81%
    $600k-1MM 257 $188,985,000 $735,350 $8,272 3.16%
    $1MM+ 61 $74,425,000 $1,220,082 $11,376 3.19%

    2020 saw Trident Mortgage Company Lp place emphasis on $200k-400k loans with 5,175 originations, totaling $1,492,915,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 2,402 $728,090,000 $303,118 $4,969 3.13%
    $150k-250k 2,202 $810,890,000 $368,252 $5,182 3.11%
    $50k-75k 1,838 $381,330,000 $207,470 $4,822 3.12%
    $75k-100k 1,567 $405,495,000 $258,772 $5,061 3.15%
    $250k+ 998 $491,250,000 $492,234 $5,948 3.09%
    $50k or less 807 $115,625,000 $143,278 $4,487 3.08%

    Trident Mortgage Company Lp lent most frequently to those with incomes in the $100k-150k range, with 2,402 originations. The second most popular income band? $150k-250k, with 2,202 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 2,496 $795,810,000 $318,834 $4,884 3.07%
    30-36% 1,869 $576,225,000 $308,307 $5,042 3.10%
    <20% 1,057 $345,675,000 $327,034 $4,654 3.05%
    40% 363 $101,735,000 $280,262 $5,172 3.10%
    42% 356 $106,680,000 $299,663 $5,326 3.15%
    38% 334 $98,100,000 $293,713 $5,191 3.12%
    44% 331 $86,395,000 $261,012 $5,351 3.24%
    41% 328 $93,910,000 $286,311 $5,202 3.16%
    43% 327 $84,955,000 $259,801 $5,174 3.20%
    39% 318 $93,680,000 $294,591 $5,063 3.16%
    36% 312 $87,890,000 $281,699 $4,858 3.11%
    37% 308 $86,710,000 $281,526 $4,962 3.06%
    45% 274 $77,260,000 $281,971 $5,186 3.24%
    49% 246 $64,670,000 $262,886 $5,150 3.18%
    50-60% 241 $60,105,000 $249,398 $7,563 3.19%
    47% 221 $58,165,000 $263,190 $5,003 3.21%
    46% 219 $58,695,000 $268,014 $5,049 3.25%
    48% 214 $56,020,000 $261,776 $5,193 3.22%

    Trident Mortgage Company Lp lent most frequently to those with DTI ratios of 20-30%, with 2,496 originations. The next most common DTI ratio? 30-36%, with 1,869 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 6,641 $2,032,775,000 $306,095 $4,960 3.11%
    Not provided 2,265 $648,565,000 $286,342 $5,194 3.13%
    Asian 417 $131,765,000 $315,983 $5,133 3.10%
    Black 424 $98,050,000 $231,250 $5,964 3.11%
    Asian Indian 22 $9,770,000 $444,091 $5,495 3.05%
    American Indian 28 $5,680,000 $202,857 $4,474 3.16%
    Korean 4 $1,630,000 $407,500 $7,225 3.41%
    Filipino 4 $1,390,000 $347,500 $5,145 2.87%
    Native Hawaiian or Islander 3 $1,215,000 $405,000 $4,979 3.25%
    Other Asian 3 $1,175,000 $391,667 $4,195 3.46%
    Chinese 2 $910,000 $455,000 $5,699 3.19%
    Vietnamese 2 $440,000 $220,000 $5,234 3.31%
    Other Pacific Islander 1 $285,000 $285,000 $4,391 3.00%

    Approval Rates

    Total approvals of all applications
    98.45%

    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
    76.37%

    Trident Mortgage Company Lp has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 9,816 $2,933,650,000 $298,864

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 9,816 $2,933,650,000 $298,864

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 223 $47,685,000 $213,834 $3,855 2.97%
    40-60% 876 $253,000,000 $288,813 $4,306 2.98%
    60-80% 3,636 $1,188,560,000 $326,887 $4,741 3.15%
    80-100% 4,918 $1,418,540,000 $288,438 $5,456 3.17%
    Over 100% 71 $23,665,000 $333,310 $13,713 3.23%
    Under 20% 92 $2,200,000 $23,913 $507 0.41%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    TRIDENT MORTGAGE COMPANY, LP VA mortgage Closing on a mortgage 1 100.0%