Prudential Multifamily Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 549300RDGRWJXEQOEC49
Tax ID: 54-1561741
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Mortgage Data
Review & Overview
Prudential Multifamily Mortgage is a mid-sized mortgage company specializing in Cash Out Refi and Home Purchase loans. Prudential Multifamily Mortgage has a high proportion of conventional loans. Their top markets by origination volume include: San Diego, New York, Los Angeles, San Francisco, and Durham among others. We have data for 73 markets. (Some data included below & more in-depth data is available with an active subscription.)Prudential Multifamily Mortgage 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. They typically have about average rates.
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Originations
163Origination Dollar Volume (All Markets)
$4,565,135,000Top 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 |
|---|---|---|---|---|---|
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 10 | $681,930,000 | $68,193,000 | $0 | 4.07% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 10 | $493,540,000 | $49,354,000 | $0 | 3.76% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 15 | $448,635,000 | $29,909,000 | $0 | 3.69% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 6 | $445,060,000 | $74,176,667 | $0 | 3.38% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $365,005,000 | $365,005,000 | $0 | 3.17% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $232,380,000 | $116,190,000 | $0 | 3.62% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 3 | $199,175,000 | $66,391,667 | $0 | 4.07% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 11 | $186,345,000 | $16,940,455 | $0 | 3.99% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 5 | $166,745,000 | $33,349,000 | $0 | 4.02% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 11 | $143,865,000 | $13,078,636 | $0 | 3.91% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 4 | $130,630,000 | $32,657,500 | $0 | 3.97% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $126,950,000 | $31,737,500 | $0 | 4.25% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 4 | $80,580,000 | $20,145,000 | $0 | 4.44% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $66,200,000 | $33,100,000 | $0 | 3.94% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $56,445,000 | $56,445,000 | $0 | 4.17% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $48,535,000 | $48,535,000 | $0 | 4.12% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $40,015,000 | $13,338,333 | $0 | 4.37% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 4 | $31,710,000 | $7,927,500 | $0 | 4.09% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $30,115,000 | $30,115,000 | $0 | 3.59% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $28,060,000 | $14,030,000 | $0 | 3.78% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $26,325,000 | $26,325,000 | $0 | 3.93% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $25,505,000 | $25,505,000 | $0 | 4.18% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $25,205,000 | $25,205,000 | $0 | 4.12% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $24,805,000 | $24,805,000 | $0 | 3.92% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $24,325,000 | $24,325,000 | $0 | 4.71% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $20,995,000 | $20,995,000 | $0 | 3.35% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $18,295,000 | $18,295,000 | $0 | 4.36% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $17,820,000 | $8,910,000 | $0 | 3.72% |
| Keene, NH (FHA|USDA|VA) | 1 | $16,835,000 | $16,835,000 | $0 | 3.93% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $16,125,000 | $16,125,000 | $0 | 4.88% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $16,055,000 | $16,055,000 | $0 | 3.48% |
| MERCED, CA (FHA|USDA|VA) | 3 | $16,025,000 | $5,341,667 | $0 | 3.50% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $15,435,000 | $15,435,000 | $0 | 3.62% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $14,805,000 | $14,805,000 | $0 | 3.53% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $14,640,000 | $7,320,000 | $0 | 4.56% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $11,965,000 | $11,965,000 | $0 | 4.25% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 2 | $11,420,000 | $5,710,000 | $0 | 4.51% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $11,040,000 | $5,520,000 | $0 | 4.03% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $10,995,000 | $10,995,000 | $0 | 3.83% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $10,005,000 | $10,005,000 | $0 | 4.73% |
| Stillwater, OK (FHA|USDA|VA) | 2 | $10,000,000 | $5,000,000 | $0 | 4.51% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $9,920,000 | $4,960,000 | $0 | 3.80% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $9,855,000 | $9,855,000 | $0 | 4.62% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $9,665,000 | $9,665,000 | $0 | 4.61% |
| AKRON, OH (FHA|USDA|VA) | 2 | $9,520,000 | $4,760,000 | $0 | 3.20% |
| MADISON, WI (FHA|USDA|VA) | 1 | $9,485,000 | $9,485,000 | $0 | 4.50% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $9,105,000 | $9,105,000 | $0 | 4.86% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $8,905,000 | $8,905,000 | $0 | 3.97% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $8,795,000 | $8,795,000 | $0 | 4.72% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 2 | $8,730,000 | $4,365,000 | $0 | 4.14% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $8,605,000 | $8,605,000 | $0 | 4.61% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $8,345,000 | $8,345,000 | $0 | 3.76% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $8,325,000 | $8,325,000 | $0 | 4.39% |
| Danville, KY (FHA|USDA|VA) | 1 | $7,755,000 | $7,755,000 | $0 | 4.50% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $7,675,000 | $7,675,000 | $0 | 3.83% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $7,675,000 | $7,675,000 | $0 | 4.57% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $7,555,000 | $7,555,000 | $0 | 4.50% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $6,755,000 | $6,755,000 | $0 | 4.48% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $6,585,000 | $6,585,000 | $0 | 4.20% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $6,385,000 | $6,385,000 | $0 | 4.97% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $5,935,000 | $5,935,000 | $0 | 3.87% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $5,265,000 | $5,265,000 | $0 | 4.06% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $5,005,000 | $5,005,000 | $0 | 4.25% |
| Cedar City, UT (FHA|USDA|VA) | 1 | $4,565,000 | $4,565,000 | $0 | 4.54% |
| LOGAN, UT-ID (FHA|USDA|VA) | 1 | $4,245,000 | $4,245,000 | $0 | 4.13% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $3,405,000 | $3,405,000 | $0 | 4.71% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $3,305,000 | $3,305,000 | $0 | 5.07% |
| READING, PA (FHA|USDA|VA) | 1 | $2,915,000 | $2,915,000 | $0 | 5.46% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $2,775,000 | $2,775,000 | $0 | 5.54% |
| KOKOMO, IN (FHA|USDA|VA) | 1 | $2,225,000 | $2,225,000 | $0 | 4.25% |
| Mountain Home, ID (FHA|USDA|VA) | 1 | $1,925,000 | $1,925,000 | $0 | 3.39% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $1,765,000 | $1,765,000 | $0 | 3.88% |
| Malone, NY (FHA|USDA|VA) | 1 | $1,625,000 | $1,625,000 | $0 | 5.01% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 163 | $4,565,135,000 | $28,006,963 | $0 | 4.03% |
For 2019, Prudential Multifamily Mortgage's most frequently originated type of loan was Conventional, with 163 originations.
Loan Reason
For 2019, Prudential Multifamily Mortgage's most frequently cited loan purpose was Cash Out Refi, with 107 originations. The 2nd most popular reason was Home Purchase, with 45 originations.
Loan Duration/Length
For 2019, Prudential Multifamily Mortgage's most frequently cited loan duration was 10 Year, with 107 originations. The 2nd most popular length was Other, with 49 originations.
Interest Rates
During 2019, Prudential Multifamily Mortgage's average interest rate for loans was 3.55%, while their most frequently originated rate bucket for loans was 3-4%, with 82 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 163 | $4,565,135,000 | $28,006,963 | $0 | 4.03% |
2019 saw Prudential Multifamily Mortgage place emphasis on $1MM+ loans with 163 originations, totaling $4,565,135,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 163 | $4,565,135,000 | $28,006,963 | $0 | 4.03% |
Approval Rates
Total approvals of all applications99.43%
Prudential Multifamily Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination93.25%
Prudential Multifamily Mortgage has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 163 | $4,565,135,000 | $28,006,963 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 163 | $4,565,135,000 | $28,006,963 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Partners for Payment Relief | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |