Nexus Series B Mortgage Rates, Fees & Info

CAMDEN, DE

LEI: 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

139

Origination Dollar Volume (All Markets)

$67,665,000

Top 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%
Nexus Series B's top markets include Austin, Dallas, San Antonio, Lumberton, and Killeen among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • 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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 65 $16,575,000 $255,000 $0 10.98%
    $100k-200k 35 $5,725,000 $163,571 $0 10.88%
    $1MM+ 12 $30,570,000 $2,547,500 $0 10.56%
    $600k-1MM 12 $9,090,000 $757,500 $0 11.05%
    $400k-600k 11 $5,425,000 $493,182 $0 10.99%
    $100,000 or less 4 $280,000 $70,000 $0 10.96%

    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 applications
    100.00%

    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 origination
    84.89%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    139 $67,665,000 $486,799

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $2,995,000 $427,857 $0 11.26%
    40-60% 20 $6,210,000 $310,500 $0 11.02%
    60-80% 91 $43,895,000 $482,363 $0 10.90%
    80-100% 17 $13,535,000 $796,176 $0 10.76%
    Over 100% 1 $635,000 $635,000 $0 11.50%
    Under 20% 2 $260,000 $130,000 $0 10.98%