United Northern Mortgage Bankers Limited Rates, Fees & Info

LEVITTOWN, NY

LEI: 549300TCY9QY8BRDQJ12

Tax ID: 11-2590182

1.4 stars - out of 5 stars, based on 53 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

United Northern Mortgage Bankers Limited is a small bank specializing in Home Purchase and Refi loans. United Northern Mortgage Bankers Limited has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include New York, Poughkeepsie, Bridgeport, New Haven, and Atlanta among others. United Northern Mortgage Bankers Limited has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. United Northern Mortgage Bankers Limited is typically a high fee lendor.


Originations

2,782

Origination Dollar Volume (All Markets)

$1,116,280,000

Awards

UNITED NORTHERN MORTGAGE BANKERS LIMITED 30 Year Conventional Loans bronze
Show all (1) awards

Relative Rate

United Northern Mortgage Bankers Limited's average 30 year fixed rate mortgage of loans were 3.08%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.07%.

Relative Fees

United Northern Mortgage Bankers Limited's average total fees for a 30 year fixed rate mortgage are $8,550.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2,166 $934,830,000 $431,593 $8,697 3.04%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 164 $53,630,000 $327,012 $7,091 3.03%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 89 $30,855,000 $346,685 $7,788 3.01%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 32 $8,890,000 $277,813 $7,350 3.12%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 31 $8,165,000 $263,387 $6,849 3.26%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 29 $8,165,000 $281,552 $7,647 3.08%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 28 $7,860,000 $280,714 $7,841 3.18%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 18 $4,270,000 $237,222 $6,991 3.21%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 12 $3,760,000 $313,333 $7,867 3.17%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 8 $3,460,000 $432,500 $7,108 2.89%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 14 $3,290,000 $235,000 $6,843 3.28%
KINGSTON, NY (FHA|USDA|VA) 10 $3,270,000 $327,000 $5,516 2.94%
Outside of Metro Areas 14 $3,220,000 $230,000 $5,225 3.10%
OCEAN CITY, NJ (FHA|USDA|VA) 13 $3,065,000 $235,769 $3,203 2.91%
RALEIGH-CARY, NC (FHA|USDA|VA) 7 $2,665,000 $380,714 $6,247 2.80%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 11 $2,585,000 $235,000 $7,281 3.08%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 6 $2,350,000 $391,667 $7,560 3.35%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 7 $2,285,000 $326,429 $9,371 2.79%
EAST STROUDSBURG, PA (FHA|USDA|VA) 11 $2,215,000 $201,364 $5,807 3.13%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 6 $1,940,000 $323,333 $9,805 3.19%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 6 $1,900,000 $316,667 $7,682 2.92%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 9 $1,875,000 $208,333 $3,318 2.72%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 9 $1,845,000 $205,000 $6,047 3.21%
JACKSONVILLE, FL (FHA|USDA|VA) 5 $1,695,000 $339,000 $9,804 3.15%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 6 $1,590,000 $265,000 $6,101 3.27%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 5 $1,295,000 $259,000 $5,468 3.10%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 3 $985,000 $328,333 $3,800 3.21%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $825,000 $275,000 $5,983 3.46%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $705,000 $705,000 $3,157 3.38%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 4 $690,000 $172,500 $3,878 3.03%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 3 $685,000 $228,333 $7,316 3.92%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 4 $670,000 $167,500 $2,357 2.56%
Torrington, CT (FHA|USDA|VA) 3 $655,000 $218,333 $7,778 3.17%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 4 $580,000 $145,000 $6,665 3.34%
Hudson, NY (FHA|USDA|VA) 2 $570,000 $285,000 $5,174 2.69%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $555,000 $555,000 $3,857 3.00%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 3 $555,000 $185,000 $9,362 3.38%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $545,000 $545,000 $5,486 3.38%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $535,000 $535,000 $0 3.25%
GAINESVILLE, GA (FHA|USDA|VA) 1 $495,000 $495,000 $4,584 3.25%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $465,000 $465,000 $4,327 3.00%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $400,000 $200,000 $3,650 2.75%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $385,000 $385,000 $7,171 3.50%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $385,000 $385,000 $7,552 3.50%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $380,000 $190,000 $7,042 3.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $355,000 $355,000 $0 2.35%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 3 $285,000 $95,000 $3,695 3.75%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $285,000 $285,000 $0 4.13%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $265,000 $265,000 $3,880 2.88%
EL PASO, TX (FHA|USDA|VA) 1 $225,000 $225,000 $5,793 3.50%
Athens, TX (FHA|USDA|VA) 1 $225,000 $225,000 $9,569 3.00%
RICHMOND, VA (FHA|USDA|VA) 2 $220,000 $110,000 $5,252 3.31%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $215,000 $215,000 $4,473 4.13%
COLUMBIA, SC (FHA|USDA|VA) 1 $215,000 $215,000 $3,357 2.75%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $195,000 $195,000 $4,393 2.88%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $195,000 $195,000 $0 5.99%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $175,000 $175,000 $6,887 2.75%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $175,000 $175,000 $2,793 2.13%
READING, PA (FHA|USDA|VA) 1 $165,000 $165,000 $7,916 2.50%
KNOXVILLE, TN (FHA|USDA|VA) 1 $145,000 $145,000 $4,211 3.38%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $145,000 $145,000 $3,725 3.13%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $135,000 $135,000 $0 2.75%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $135,000 $135,000 $0 2.75%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $135,000 $135,000 $2,185 2.38%
Lewistown, PA (FHA|USDA|VA) 1 $125,000 $125,000 $5,651 2.38%
JACKSON, TN (FHA|USDA|VA) 1 $115,000 $115,000 $7,567 3.13%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $115,000 $115,000 $5,064 3.25%

United Northern Mortgage Bankers Limited's top markets include New York, Poughkeepsie, Bridgeport, New Haven, and Atlanta among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 2,266 $879,630,000 $388,186 $6,722 3.07%
FHA 475 $218,755,000 $460,537 $15,301 2.98%
VA 41 $17,895,000 $436,463 $9,739 2.83%

For the 2021 period, United Northern Mortgage Bankers Limited's most frequently originated loan type of loans were Conventional, with 2,266 originations. Their 2nd most popular type is FHA, with 475 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 1,687 $701,455,000 $415,800 $9,018 3.05%
Refi 1,095 $414,825,000 $378,836 $7,179 3.05%

For the 2021, United Northern Mortgage Bankers Limited's most frequently cited loan purpose of loans were Home Purchase, with 1,687 originations. The 2nd most popular reason of loans were Refi, with 1,095 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 2,547 $1,042,755,000 $409,405 $8,550 3.08%
15 Year 136 $40,160,000 $295,294 $5,473 2.51%
20 Year 51 $18,045,000 $353,824 $5,964 2.88%
Other 43 $14,465,000 $336,395 $6,917 3.03%
10 Year 5 $855,000 $171,000 $4,502 2.40%

For the 2021, United Northern Mortgage Bankers Limited's most frequently cited loan length of loans were 30 Year, with 2,547 originations. The 2nd most popular length of loans were 15 Year, with 136 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 1,085 $418,575,000 $385,783
$3k-4k 488 $202,120,000 $414,180
$2k-3k 384 $137,790,000 $358,828
$5k+ 371 $190,785,000 $514,245
$<1k 232 $91,670,000 $395,129

$8,550 of loans were United Northern Mortgage Bankers Limited's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,085 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 1,261 $519,175,000 $411,717
2.5-3% 1,221 $488,535,000 $400,111
<2.5% 260 $93,430,000 $359,346
4-5% 38 $14,490,000 $381,316
5-6% 2 $650,000 $325,000

During 2021, United Northern Mortgage Bankers Limited's average interest rate of loans were 3.08%, while their most frequently originated rate bucket of loans were 3-4%, with 1,261 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 1,119 $345,795,000 $309,021 $6,865 3.02%
$400k-600k 1,027 $499,305,000 $486,178 $9,185 3.04%
$600k-1MM 304 $214,020,000 $704,013 $13,579 3.16%
$100k-200k 299 $47,205,000 $157,876 $4,934 3.08%
$100,000 or less 26 $2,200,000 $84,615 $4,005 3.06%
$1MM+ 7 $7,755,000 $1,107,857 $21,355 3.36%

2021 saw United Northern Mortgage Bankers Limited place emphasis on $200k-400k loans with 1,119 originations, totaling $345,795,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 976 $427,640,000 $438,156 $8,971 3.05%
$75k-100k 651 $236,115,000 $362,696 $8,076 3.02%
$150k-250k 541 $256,085,000 $473,355 $8,833 3.07%
$50k-75k 397 $109,045,000 $274,673 $7,085 3.03%
$250k+ 114 $61,020,000 $535,263 $7,599 3.13%
$50k or less 92 $22,270,000 $242,065 $6,301 3.00%

United Northern Mortgage Bankers Limited lent most frequently to those with incomes in the $100k-150k range, with 976 originations. The second most popular income band? $75k-100k, with 651 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 424 $163,360,000 $385,283 $7,291 3.03%
20-30% 407 $143,515,000 $352,617 $6,359 3.01%
44% 165 $69,575,000 $421,667 $8,752 3.07%
43% 149 $63,245,000 $424,463 $8,455 3.10%
49% 147 $59,555,000 $405,136 $9,716 2.99%
50-60% 145 $69,825,000 $481,552 $14,954 2.95%
42% 144 $60,720,000 $421,667 $7,929 3.06%
45% 139 $57,305,000 $412,266 $8,353 3.04%
47% 138 $59,350,000 $430,072 $9,295 3.11%
41% 128 $50,910,000 $397,734 $8,699 3.15%
46% 117 $52,165,000 $445,855 $9,423 3.10%
48% 116 $46,920,000 $404,483 $8,943 3.06%
39% 110 $46,470,000 $422,455 $8,471 3.08%
40% 106 $41,900,000 $395,283 $7,567 3.10%
38% 101 $40,845,000 $404,406 $7,818 3.09%
37% 83 $31,155,000 $375,361 $7,180 3.08%
36% 75 $28,655,000 $382,067 $7,156 2.99%
<20% 57 $18,935,000 $332,193 $5,674 3.02%
>60% 6 $2,870,000 $478,333 $9,687 2.75%

United Northern Mortgage Bankers Limited lent most frequently to those with DTI ratios of 30-36%, with 424 originations. The next most common DTI ratio? 20-30%, with 407 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,576 $613,150,000 $389,055 $7,636 3.04%
Black 748 $301,930,000 $403,650 $9,725 3.08%
Asian 355 $161,415,000 $454,690 $8,383 2.99%
Not provided 70 $28,530,000 $407,571 $8,055 3.11%
Not applicable 17 $5,215,000 $306,765 $8,049 2.90%
American Indian 11 $3,995,000 $363,182 $10,627 3.10%
Native Hawaiian 4 $1,870,000 $467,500 $4,718 2.91%
Asian Indian 1 $175,000 $175,000 $7,015 3.00%

Approval Rates

Total approvals of all applications
96.06%

United Northern Mortgage Bankers Limited 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
81.17%

United Northern Mortgage Bankers Limited has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 2,782 $1,116,280,000 $401,251

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
2,782 $1,116,280,000 $401,251

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 76 $19,550,000 $257,237 $6,003 2.89%
40-60% 299 $101,415,000 $339,181 $6,119 2.92%
60-80% 1,041 $410,105,000 $393,953 $7,034 3.12%
80-100% 1,340 $576,350,000 $430,112 $9,703 3.03%
Over 100% 9 $4,935,000 $548,333 $19,202 2.94%
Under 20% 8 $1,150,000 $143,750 $5,856 2.84%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
UNITED MORTGAGE CORP VA mortgage Trouble during payment process 1 33.3%
UNITED MORTGAGE CORP Conventional home mortgage Trouble during payment process 1 33.3%
UNITED MORTGAGE CORP Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%