Nationwide Equities Corporation Mortgage Rates, Fees & Info
MAHWAH, NJLEI: 549300WH9FMXOC63ZV77
Tax ID: 11-3469077
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Nationwide Equities Corporation is a smaller mortgage company specializing in Cash Out Refi and Refi loans. Nationwide Equities Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include New York, Los Angeles, San Francisco, San Jose, and Seattle among others. Nationwide Equities Corporation 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. Nationwide Equities Corporation is typically a high fee lendor.Originations
889Origination Dollar Volume (All Markets)
$611,035,000Awards
NATIONWIDE EQUITIES CORPORATION - 2021
NATIONWIDE EQUITIES CORPORATION is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Nationwide Equities Corporation's average 30 year fixed rate mortgage of loans were
2.98%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.17%.
Relative Fees
Nationwide Equities Corporation's average total fees for a 30 year fixed rate
mortgage are $6,687.
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) | 305 | $175,075,000 | $574,016 | $6,655 | 4.40% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 122 | $127,920,000 | $1,048,525 | $0 | 5.62% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 70 | $84,100,000 | $1,201,429 | $0 | 5.93% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 35 | $34,555,000 | $987,286 | $0 | 5.78% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 41 | $24,875,000 | $606,707 | $3,541 | 4.81% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 23 | $23,825,000 | $1,035,870 | $0 | 5.51% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 29 | $18,125,000 | $625,000 | $6,279 | 4.66% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 24 | $14,540,000 | $605,833 | $8,845 | 4.11% |
| SALINAS, CA (FHA|USDA|VA) | 5 | $8,685,000 | $1,737,000 | $0 | 6.57% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 27 | $8,245,000 | $305,370 | $5,676 | 3.15% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 6 | $7,580,000 | $1,263,333 | $0 | 4.88% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 17 | $6,455,000 | $379,706 | $0 | 3.46% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 12 | $6,280,000 | $523,333 | $4,623 | 3.20% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 4 | $5,560,000 | $1,390,000 | $0 | 4.93% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $4,265,000 | $1,421,667 | $0 | 4.43% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 8 | $4,020,000 | $502,500 | $0 | 4.93% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 11 | $3,655,000 | $332,273 | $0 | 3.24% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 5 | $3,555,000 | $711,000 | $0 | 5.81% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $3,225,000 | $1,075,000 | $0 | 6.29% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 13 | $3,135,000 | $241,154 | $0 | 2.52% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $2,280,000 | $1,140,000 | $0 | 5.64% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 8 | $2,150,000 | $268,750 | $6,217 | 2.89% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $2,025,000 | $405,000 | $0 | 4.44% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 7 | $2,015,000 | $287,857 | $6,451 | 3.24% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 8 | $1,930,000 | $241,250 | $0 | 2.74% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 6 | $1,830,000 | $305,000 | $0 | 2.75% |
| Outside of Metro Areas | 6 | $1,720,000 | $286,667 | $0 | 4.03% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 2 | $1,530,000 | $765,000 | $0 | 5.95% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $1,495,000 | $498,333 | $0 | 3.65% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 5 | $1,435,000 | $287,000 | $0 | 2.19% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $1,425,000 | $1,425,000 | $6,589 | 3.00% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $1,275,000 | $1,275,000 | $0 | 4.90% |
| NAPA, CA (FHA|USDA|VA) | 2 | $1,210,000 | $605,000 | $0 | 4.78% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $1,185,000 | $1,185,000 | $0 | 5.88% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 3 | $1,055,000 | $351,667 | $4,651 | 4.21% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $0 | 3.09% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 2 | $1,010,000 | $505,000 | $5,071 | 3.06% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $965,000 | $965,000 | $0 | 6.99% |
| BELLINGHAM, WA (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $0 | 2.75% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $0 | 2.54% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $0 | 6.99% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $0 | 6.99% |
| BEND, OR (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $0 | 2.80% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 4.90% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $0 | 4.14% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 6.99% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $6,321 | 3.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $0 | 2.83% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $0 | 2.81% |
| MERCED, CA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 2.20% |
| Key West, FL (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 2.82% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 2.88% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,485 | 2.92% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 2.82% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 2.33% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 2.31% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,386 | 3.00% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 2.52% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 2.57% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 2.57% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,501 | 2.88% |
| Montrose, CO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 2.58% |
| RENO, NV (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 2.66% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 1.82% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 2.40% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 2.85% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 2.81% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 2.47% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 2.45% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 2.38% |
| Newport, OR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 2.81% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 2.83% |
| Oneonta, NY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,432 | 3.13% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 4.18% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 2.81% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 2.59% |
| CHICO, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 6.99% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 2.07% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 1.93% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 3.10% |
| Granbury, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 3.07% |
| OCALA, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 2.32% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 2.34% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 2.57% |
Nationwide Equities Corporation's top markets include New York, Los Angeles, San Francisco, San Jose, and Seattle among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 611 | $524,055,000 | $857,700 | $6,023 | 5.43% |
| FHA | 278 | $86,980,000 | $312,878 | $14,407 | 2.66% |
For the 2021 period, Nationwide Equities Corporation's most frequently originated loan type of loans were Conventional, with 611 originations. Their 2nd most popular type is FHA, with 278 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 418 | $382,500,000 | $915,072 | $6,466 | 5.65% |
| Refi | 323 | $133,105,000 | $412,090 | $4,571 | 3.10% |
| Home Purchase | 75 | $32,955,000 | $439,400 | $7,723 | 3.01% |
| Other | 67 | $57,645,000 | $860,373 | $0 | 6.43% |
| Home Improvement | 6 | $4,830,000 | $805,000 | $0 | 6.46% |
For the 2021, Nationwide Equities Corporation's most frequently cited loan purpose of loans were Cash Out Refi, with 418 originations. The 2nd most popular reason of loans were Refi, with 323 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 710 | $540,050,000 | $760,634 | $5,543 | 4.97% |
| 30 Year | 162 | $65,980,000 | $407,284 | $6,687 | 2.98% |
| 20 Year | 9 | $2,925,000 | $325,000 | $4,101 | 2.99% |
| 15 Year | 8 | $2,080,000 | $260,000 | $3,822 | 2.62% |
For the 2021, Nationwide Equities Corporation's most frequently cited loan length of loans were Other, with 710 originations. The 2nd most popular length of loans were 30 Year, with 162 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 100 | $36,050,000 | $360,500 |
| $2k-3k | 29 | $10,205,000 | $351,897 |
| $3k-4k | 22 | $8,810,000 | $400,455 |
| $5k+ | 16 | $8,690,000 | $543,125 |
| $<1k | 7 | $3,355,000 | $479,286 |
$6,687 of loans were Nationwide Equities Corporation's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 100 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 277 | $265,555,000 | $958,682 |
| 2.5-3% | 238 | $80,370,000 | $337,689 |
| <2.5% | 108 | $35,220,000 | $326,111 |
| 3-4% | 104 | $38,970,000 | $374,712 |
| 4-5% | 80 | $100,550,000 | $1,256,875 |
| 5-6% | 56 | $61,780,000 | $1,103,214 |
| 7-8% | 25 | $28,365,000 | $1,134,600 |
During 2021, Nationwide Equities Corporation's average interest rate of loans were 2.98%, while their most frequently originated rate bucket of loans were 6-7%, with 277 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 247 | $72,705,000 | $294,352 | $5,206 | 3.06% |
| $600k-1MM | 234 | $184,330,000 | $787,735 | $13,464 | 6.22% |
| $400k-600k | 185 | $90,975,000 | $491,757 | $7,157 | 3.94% |
| $1MM+ | 145 | $251,395,000 | $1,733,759 | $6,589 | 6.13% |
| $100k-200k | 69 | $10,855,000 | $157,319 | $4,521 | 2.89% |
| $100,000 or less | 9 | $775,000 | $86,111 | $0 | 2.71% |
2021 saw Nationwide Equities Corporation place emphasis on $200k-400k loans with 247 originations, totaling $72,705,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 586 | $392,970,000 | $670,597 | $6,639 | 4.81% |
| $50k-75k | 99 | $82,935,000 | $837,727 | $5,302 | 4.81% |
| $100k-150k | 69 | $40,705,000 | $589,928 | $5,907 | 3.75% |
| $75k-100k | 52 | $39,610,000 | $761,731 | $6,162 | 4.35% |
| $150k-250k | 49 | $36,875,000 | $752,551 | $8,450 | 3.50% |
| $250k+ | 33 | $17,795,000 | $539,242 | $5,796 | 3.07% |
Nationwide Equities Corporation lent most frequently to those with incomes in the $50k or less range, with 586 originations. The second most popular income band? $50k-75k, with 99 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 39 | $14,645,000 | $375,513 | $5,019 | 2.86% |
| 30-36% | 34 | $12,160,000 | $357,647 | $5,018 | 2.96% |
| <20% | 13 | $4,615,000 | $355,000 | $6,347 | 3.07% |
| 38% | 12 | $4,720,000 | $393,333 | $5,563 | 2.91% |
| 48% | 11 | $4,795,000 | $435,909 | $6,684 | 3.02% |
| 42% | 8 | $3,020,000 | $377,500 | $6,257 | 2.88% |
| 43% | 8 | $2,900,000 | $362,500 | $6,120 | 3.04% |
| 49% | 8 | $3,390,000 | $423,750 | $8,924 | 2.94% |
| 36% | 7 | $2,695,000 | $385,000 | $5,157 | 2.96% |
| 37% | 7 | $3,745,000 | $535,000 | $8,335 | 3.02% |
| 39% | 7 | $2,565,000 | $366,429 | $9,496 | 3.16% |
| 40% | 6 | $2,850,000 | $475,000 | $9,141 | 2.98% |
| 46% | 6 | $2,540,000 | $423,333 | $7,501 | 3.06% |
| 44% | 5 | $2,735,000 | $547,000 | $9,366 | 3.05% |
| 45% | 4 | $1,610,000 | $402,500 | $9,332 | 3.15% |
| 41% | 3 | $955,000 | $318,333 | $5,368 | 2.83% |
| 47% | 3 | $1,275,000 | $425,000 | $8,616 | 2.96% |
| 50-60% | 1 | $545,000 | $545,000 | $6,802 | 3.38% |
Nationwide Equities Corporation lent most frequently to those with DTI ratios of 20-30%, with 39 originations. The next most common DTI ratio? 30-36%, with 34 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 644 | $453,220,000 | $703,758 | $5,496 | 4.51% |
| Black | 164 | $95,450,000 | $582,012 | $7,973 | 4.84% |
| Not provided | 55 | $43,165,000 | $784,818 | $10,157 | 4.24% |
| Asian | 16 | $10,310,000 | $644,375 | $11,837 | 4.79% |
| American Indian | 2 | $4,680,000 | $2,340,000 | $0 | 5.39% |
| 5 | $2,305,000 | $461,000 | $9,072 | 2.93% | |
| Native Hawiian | 1 | $705,000 | $705,000 | $0 | 6.99% |
| Guamanian | 1 | $625,000 | $625,000 | $0 | 6.99% |
| Filipino | 1 | $575,000 | $575,000 | $0 | 6.99% |
Approval Rates
Total approvals of all applications94.13%
Nationwide Equities Corporation has an average approval rate.
Pick Rate
Approvals leading to origination66.12%
Nationwide Equities Corporation has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 889 | $611,035,000 | $687,328 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 889 | $611,035,000 | $687,328 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 39 | $32,485,000 | $832,949 | $5,192 | 3.79% |
| 40-60% | 520 | $374,100,000 | $719,423 | $4,637 | 4.86% |
| 60-80% | 283 | $184,415,000 | $651,643 | $6,425 | 4.37% |
| 80-100% | 47 | $20,035,000 | $426,277 | $8,243 | 3.02% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| NATIONWIDE EQUITIES CORP | Reverse mortgage | Closing on a mortgage | 1 | 100.0% |
