Nexus Series B Mortgage Rates, Fees & Info
CAMDEN, DELEI: 549300X0DCWAGU4DZH55
Tax ID: 82-0760392
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Nexus Series B is a smaller mortgage company specializing in NA loans. Nexus Series B has a high proportion of conventional loans. Their top markets by origination volume include: Austin, Dallas, San Antonio, Lumberton, and Killeen among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Nexus Series B 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.
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Originations
139Origination Dollar Volume (All Markets)
$67,665,000Top 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 |
|---|---|---|---|---|---|
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 51 | $38,585,000 | $756,569 | $0 | 10.85% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 46 | $11,370,000 | $247,174 | $0 | 10.91% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 13 | $4,975,000 | $382,692 | $0 | 10.95% |
| Lumberton, NC (FHA|USDA|VA) | 1 | $4,205,000 | $4,205,000 | $0 | 9.95% |
| Outside of Metro Areas | 9 | $2,495,000 | $277,222 | $0 | 11.21% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 10 | $2,120,000 | $212,000 | $0 | 11.00% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $1,685,000 | $1,685,000 | $0 | 12.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 3 | $1,175,000 | $391,667 | $0 | 10.62% |
| WACO, TX (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $0 | 11.09% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 11.50% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 109 | $55,765,000 | $511,606 | $0 | 10.89% |
| Reverse Mortgage | 30 | $11,900,000 | $396,667 | $0 | 11.04% |
For 2023, Nexus Series B's most frequently originated type of loan was Conventional, with 109 originations. Their 2nd most popular type was Reverse Mortgage, with 30 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| NA | 138 | $66,950,000 | $485,145 | $0 | 10.92% |
| Refi | 1 | $715,000 | $715,000 | $0 | 10.95% |
For 2023, Nexus Series B's most frequently cited loan purpose was NA, with 138 originations. The 2nd most popular reason was Refi, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 139 | $67,665,000 | $486,799 | $0 | 10.92% |
For 2023, Nexus Series B's most frequently cited loan duration was Other, with 139 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 138 | $67,530,000 | $489,348 |
During 2023, Nexus Series B's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 138 originations.
Loan Sizing
2023 saw Nexus Series B place emphasis on $200k-400k loans with 65 originations, totaling $16,575,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 139 | $67,665,000 | $486,799 | $0 | 10.92% |
Approval Rates
Total approvals of all applications100.00%
Nexus Series B has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination84.89%
Nexus Series B has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 139 | $67,665,000 | $486,799 |