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

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, San Antonio, Houston, Dallas, and Tucson among others. We have data for 8 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.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    91

    Origination Dollar Volume (All Markets)

    $38,205,000

    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) 61 $30,145,000 $494,180 $0 10.90%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 12 $2,770,000 $230,833 $0 11.18%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $2,445,000 $815,000 $0 11.13%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 8 $1,740,000 $217,500 $0 10.69%
    TUCSON, AZ (FHA|USDA|VA) 2 $660,000 $330,000 $0 10.25%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 3 $215,000 $71,667 $0 10.95%
    Outside of Metro Areas 1 $185,000 $185,000 $0 10.95%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $45,000 $45,000 $0 11.50%
    Nexus Series B's top markets include Austin, San Antonio, Houston, Dallas, and Tucson among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 90 $37,750,000 $419,444 $0 10.92%
    Reverse Mortgage 1 $455,000 $455,000 $0 10.95%

    For 2020, Nexus Series B's most frequently originated type of loan was Conventional, with 90 originations. Their 2nd most popular type was Reverse Mortgage, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    NA 91 $38,205,000 $419,835 $0 10.92%

    For 2020, Nexus Series B's most frequently cited loan purpose was NA, with 91 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 91 $38,205,000 $419,835 $0 10.92%

    For 2020, Nexus Series B's most frequently cited loan duration was Other, with 91 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 91 $38,205,000 $419,835

    During 2020, 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 91 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 26 $7,200,000 $276,923 $0 10.90%
    $100k-200k 23 $3,425,000 $148,913 $0 10.97%
    $400k-600k 16 $7,660,000 $478,750 $0 10.94%
    $600k-1MM 14 $10,270,000 $733,571 $0 10.79%
    $100,000 or less 7 $505,000 $72,143 $0 11.03%
    $1MM+ 5 $9,145,000 $1,829,000 $0 10.99%

    2020 saw Nexus Series B place emphasis on $200k-400k loans with 26 originations, totaling $7,200,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 91 $38,205,000 $419,835 $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
    80.22%

    Nexus Series B has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 91 $38,205,000 $419,835

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 91 $38,205,000 $419,835

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $910,000 $151,667 $0 11.13%
    40-60% 19 $6,765,000 $356,053 $0 10.92%
    60-80% 48 $20,700,000 $431,250 $0 10.89%
    80-100% 11 $5,905,000 $536,818 $0 10.87%
    Over 100% 3 $2,865,000 $955,000 $0 11.13%
    Under 20% 2 $440,000 $220,000 $0 10.95%