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 an average proportion of conventional loans. Their top markets by origination volume include: Austin, San Antonio, Dallas, Killeen, and Houston 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
235Origination Dollar Volume (All Markets)
$116,085,000Top 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) | 123 | $77,645,000 | $631,260 | $0 | 10.42% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 33 | $14,105,000 | $427,424 | $0 | 10.73% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 39 | $10,135,000 | $259,872 | $0 | 10.66% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 19 | $4,855,000 | $255,526 | $0 | 10.32% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $2,675,000 | $535,000 | $0 | 10.96% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $1,880,000 | $940,000 | $0 | 10.73% |
| Outside of Metro Areas | 5 | $1,625,000 | $325,000 | $0 | 10.87% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 10.00% |
| WACO, TX (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 10.95% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 10.95% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 10.95% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 10.95% |
| Granbury, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 10.95% |
| Athens, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.95% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Reverse Mortgage | 150 | $81,540,000 | $543,600 | $0 | 10.57% |
| Conventional | 85 | $34,545,000 | $406,412 | $0 | 10.46% |
For 2022, Nexus Series B's most frequently originated type of loan was Reverse Mortgage, with 150 originations. Their 2nd most popular type was Conventional, with 85 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| NA | 235 | $116,085,000 | $493,979 | $0 | 10.53% |
For 2022, Nexus Series B's most frequently cited loan purpose was NA, with 235 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 235 | $116,085,000 | $493,979 | $0 | 10.53% |
For 2022, Nexus Series B's most frequently cited loan duration was Other, with 235 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 232 | $114,270,000 | $492,543 |
During 2022, 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 232 originations.
Loan Sizing
2022 saw Nexus Series B place emphasis on $200k-400k loans with 93 originations, totaling $26,465,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 234 | $115,700,000 | $494,444 | $0 | 10.53% |
| White | 1 | $385,000 | $385,000 | $0 | 9.50% |
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 origination86.38%
Nexus Series B has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 235 | $116,085,000 | $493,979 |