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, San Antonio, Killeen, Houston, and Fredericksburg among others. We have data for 14 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
154Origination Dollar Volume (All Markets)
$76,240,000Top 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) | 85 | $48,175,000 | $566,765 | $0 | 10.43% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 21 | $6,835,000 | $325,476 | $0 | 10.86% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 24 | $6,640,000 | $276,667 | $0 | 10.97% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $3,415,000 | $1,138,333 | $0 | 10.28% |
| Fredericksburg, TX (FHA|USDA|VA) | 2 | $3,310,000 | $1,655,000 | $0 | 11.50% |
| TUCSON, AZ (FHA|USDA|VA) | 4 | $3,180,000 | $795,000 | $0 | 10.71% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $0 | 9.95% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 8 | $1,970,000 | $246,250 | $0 | 10.62% |
| WACO, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 10.95% |
| Brenham, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 10.95% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 10.95% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 10.95% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 10.00% |
| Outside of Metro Areas | 1 | $55,000 | $55,000 | $0 | 10.95% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 152 | $75,710,000 | $498,092 | $0 | 10.61% |
| Reverse Mortgage | 2 | $530,000 | $265,000 | $0 | 10.95% |
For 2021, Nexus Series B's most frequently originated type of loan was Conventional, with 152 originations. Their 2nd most popular type was Reverse Mortgage, with 2 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| NA | 154 | $76,240,000 | $495,065 | $0 | 10.61% |
For 2021, Nexus Series B's most frequently cited loan purpose was NA, with 154 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 154 | $76,240,000 | $495,065 | $0 | 10.61% |
For 2021, Nexus Series B's most frequently cited loan duration was Other, with 154 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 153 | $76,095,000 | $497,353 |
During 2021, 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 153 originations.
Loan Sizing
2021 saw Nexus Series B place emphasis on $200k-400k loans with 38 originations, totaling $11,230,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 154 | $76,240,000 | $495,065 | $0 | 10.61% |
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 origination84.42%
Nexus Series B has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 154 | $76,240,000 | $495,065 |