United Northern Mortgage Bankers Limited Rates, Fees & Info
LEVITTOWN, NYLEI: 549300TCY9QY8BRDQJ12
Tax ID: 11-2590182
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
2,782Origination Dollar Volume (All Markets)
$1,116,280,000Awards
UNITED NORTHERN MORTGAGE BANKERS LIMITED - 2021
UNITED NORTHERN MORTGAGE BANKERS LIMITED is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 applications96.06%
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 origination81.17%
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% |
