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 small 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: Los Angeles, Dallas, Chicago, San Francisco, and Phoenix among others. We have data for 71 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 a below average pick rate when compared to similar lenders. They typically have about average rates.
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Originations
150Origination Dollar Volume (All Markets)
$2,491,850,000Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 29 | $462,105,000 | $15,934,655 | $0 | 2.83% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 9 | $321,825,000 | $35,758,333 | $0 | 3.11% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $163,495,000 | $54,498,333 | $0 | 3.11% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $123,385,000 | $41,128,333 | $0 | 3.04% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $105,795,000 | $35,265,000 | $0 | 3.03% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $97,550,000 | $48,775,000 | $0 | 3.10% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 4 | $93,720,000 | $23,430,000 | $0 | 3.20% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $82,610,000 | $41,305,000 | $0 | 2.68% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 4 | $75,230,000 | $18,807,500 | $0 | 3.15% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 3 | $61,305,000 | $20,435,000 | $0 | 3.80% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 3 | $57,215,000 | $19,071,667 | $0 | 2.86% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $53,580,000 | $26,790,000 | $0 | 2.86% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 4 | $49,710,000 | $12,427,500 | $0 | 3.14% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $41,185,000 | $41,185,000 | $0 | 1.77% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $41,000,000 | $20,500,000 | $0 | 3.13% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $39,515,000 | $39,515,000 | $0 | 3.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 3 | $36,005,000 | $12,001,667 | $0 | 3.57% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $33,130,000 | $16,565,000 | $0 | 3.64% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $32,250,000 | $16,125,000 | $0 | 3.18% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 5 | $32,065,000 | $6,413,000 | $0 | 5.41% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $26,045,000 | $26,045,000 | $0 | 2.79% |
| SALEM, OR (FHA|USDA|VA) | 2 | $25,360,000 | $12,680,000 | $0 | 3.00% |
| JACKSON, MS (FHA|USDA|VA) | 2 | $23,310,000 | $11,655,000 | $0 | 4.29% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $21,055,000 | $21,055,000 | $0 | 4.50% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 3 | $19,375,000 | $6,458,333 | $0 | 5.01% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $18,755,000 | $18,755,000 | $0 | 3.14% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $18,415,000 | $18,415,000 | $0 | 2.90% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $15,930,000 | $7,965,000 | $0 | 3.09% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $15,005,000 | $15,005,000 | $0 | 3.90% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 2 | $13,910,000 | $6,955,000 | $0 | 3.17% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $13,870,000 | $6,935,000 | $0 | 3.65% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $13,835,000 | $13,835,000 | $0 | 3.23% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $13,620,000 | $6,810,000 | $0 | 3.46% |
| Farmington, MO (FHA|USDA|VA) | 1 | $11,885,000 | $11,885,000 | $0 | 3.49% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $11,765,000 | $11,765,000 | $0 | 2.87% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $11,555,000 | $11,555,000 | $0 | 2.90% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $10,725,000 | $10,725,000 | $0 | 4.28% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $9,580,000 | $4,790,000 | $0 | 4.14% |
| LOGAN, UT-ID (FHA|USDA|VA) | 1 | $9,515,000 | $9,515,000 | $0 | 3.25% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $9,295,000 | $9,295,000 | $0 | 3.84% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $9,045,000 | $9,045,000 | $0 | 4.53% |
| Centralia, WA (FHA|USDA|VA) | 1 | $8,755,000 | $8,755,000 | $0 | 3.25% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $8,425,000 | $8,425,000 | $0 | 3.81% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $8,395,000 | $8,395,000 | $0 | 2.93% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $8,015,000 | $8,015,000 | $0 | 3.40% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $7,950,000 | $3,975,000 | $0 | 2.68% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $7,805,000 | $7,805,000 | $0 | 3.20% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $7,510,000 | $3,755,000 | $0 | 4.36% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $7,295,000 | $7,295,000 | $0 | 3.71% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $7,195,000 | $7,195,000 | $0 | 5.85% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $7,015,000 | $7,015,000 | $0 | 3.47% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $6,895,000 | $6,895,000 | $0 | 3.40% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $6,665,000 | $6,665,000 | $0 | 4.59% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $6,655,000 | $6,655,000 | $0 | 3.43% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $6,395,000 | $6,395,000 | $0 | 5.86% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $6,305,000 | $6,305,000 | $0 | 3.17% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $6,015,000 | $6,015,000 | $0 | 3.75% |
| RENO, NV (FHA|USDA|VA) | 1 | $5,465,000 | $5,465,000 | $0 | 2.90% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $4,975,000 | $4,975,000 | $0 | 3.78% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $4,325,000 | $4,325,000 | $0 | 4.28% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $3,975,000 | $3,975,000 | $0 | 2.68% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $3,915,000 | $3,915,000 | $0 | 5.47% |
| Marion, OH (FHA|USDA|VA) | 1 | $3,885,000 | $3,885,000 | $0 | 3.26% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $3,855,000 | $3,855,000 | $0 | 3.50% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $3,505,000 | $3,505,000 | $0 | 3.60% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $3,415,000 | $3,415,000 | $0 | 2.68% |
| CARSON CITY, NV (FHA|USDA|VA) | 1 | $3,225,000 | $3,225,000 | $0 | 5.47% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $3,045,000 | $3,045,000 | $0 | 2.68% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $2,875,000 | $2,875,000 | $0 | 4.05% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $2,605,000 | $2,605,000 | $0 | 2.89% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $0 | 5.32% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 150 | $2,491,850,000 | $16,612,333 | $0 | 3.41% |
For 2021, Prudential Multifamily Mortgage's most frequently originated type of loan was Conventional, with 150 originations.
Loan Reason
For 2021, Prudential Multifamily Mortgage's most frequently cited loan purpose was Cash Out Refi, with 101 originations. The 2nd most popular reason was Home Purchase, with 40 originations.
Loan Duration/Length
For 2021, Prudential Multifamily Mortgage's most frequently cited loan duration was 10 Year, with 89 originations. The 2nd most popular length was Other, with 45 originations.
Interest Rates
During 2021, Prudential Multifamily Mortgage's average interest rate for loans was 3.93%, while their most frequently originated rate bucket for loans was 3-4%, with 61 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 148 | $2,490,880,000 | $16,830,270 | $0 | 3.38% |
| $400k-600k | 2 | $970,000 | $485,000 | $0 | 5.32% |
2021 saw Prudential Multifamily Mortgage place emphasis on $1MM+ loans with 148 originations, totaling $2,490,880,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 150 | $2,491,850,000 | $16,612,333 | $0 | 3.41% |
Approval Rates
Total approvals of all applications100.00%
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 origination88.00%
Prudential Multifamily Mortgage has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 150 | $2,491,850,000 | $16,612,333 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 150 | $2,491,850,000 | $16,612,333 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Partners for Payment Relief | Other type of mortgage | Trouble during payment process | 1 | 100.0% |