Atlantis Mortgage Co. Rates, Fees & Info

WEST LONG BRANCH, NJ

LEI: 549300YDTDBXLK67CF48

Tax ID: 22-2745048

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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

    Atlantis Mortgage Co. is a smaller mortgage company specializing in Refi and Home Purchase loans. Atlantis Mortgage Co. has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: New York, Atlantic City, Philadelphia, and Trenton among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Atlantis Mortgage Co. has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Atlantis Mortgage Co. is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.26% 12/3/24
    30 Year Conventional Refi 7.03% 12/3/24
    30 Year FHA Purchase 8.63% 12/3/24
    30 Year FHA Refi 7.53% 12/3/24
    30 Year VA Purchase 6.35% 12/3/24
    15 Year Conventional Refi 6.02% 12/3/24
    15 Year Cash-out Refi 6.02% 12/3/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Atlantis Mortgage Co. Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Atlantis Mortgage Co.. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    216

    Origination Dollar Volume (All Markets)

    $68,880,000

    Awards

    ATLANTIS MORTGAGE CO. 30 Year Conventional Loans bronze ATLANTIS MORTGAGE CO. 30 Year Conventional Loans bronze
    Show all (2) awards

    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
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 193 $63,055,000 $326,710 $4,152 3.02%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 16 $3,870,000 $241,875 $3,862 3.19%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 4 $1,210,000 $302,500 $3,746 3.04%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 3 $745,000 $248,333 $3,570 3.63%
    Atlantis Mortgage Co.'s top markets include New York, Atlantic City, Philadelphia, and Trenton among others.

    Their top states include:
  • New Jersey (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against ATLANTIS MORTGAGE CO. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    The First National Bank of Long Island
    Similarity Rank: 134
    North Jersey Federal Credit Union
    Similarity Rank: 247
    N C P D Federal Credit Union
    Similarity Rank: 482
    MOUNTAIN MORTGAGE CORP.
    Similarity Rank: 538
    TEG Federal Credit Union
    Similarity Rank: 715
    Hanover Community Bank
    Similarity Rank: 727
    Roselle Bank
    Similarity Rank: 796
    ATLANTIS MORTGAGE CO., INC.
    Similarity Rank: 944
    Poli Mortgage Group, Inc.
    Similarity Rank: 1012
    Schuyler Savings Bank
    Similarity Rank: 1083

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 206 $65,760,000 $319,223 $3,912 3.03%
    FHA 6 $1,880,000 $313,333 $9,424 3.29%
    VA 4 $1,240,000 $310,000 $7,840 2.97%

    For 2020, Atlantis Mortgage Co.'s most frequently originated type of loan was Conventional, with 206 originations. Their 2nd most popular type was FHA, with 6 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 124 $37,940,000 $305,968 $3,570 2.97%
    Home Purchase 67 $23,225,000 $346,642 $5,240 3.06%
    Cash Out Refi 25 $7,715,000 $308,600 $3,760 3.28%

    For 2020, Atlantis Mortgage Co.'s most frequently cited loan purpose was Refi, with 124 originations. The 2nd most popular reason was Home Purchase, with 67 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 173 $57,155,000 $330,376 $4,350 3.09%
    15 Year 17 $3,885,000 $228,529 $2,989 2.57%
    Other 15 $4,795,000 $319,667 $3,267 2.87%
    20 Year 10 $2,890,000 $289,000 $3,437 3.10%
    10 Year 1 $155,000 $155,000 $2,564 2.25%

    For 2020, Atlantis Mortgage Co.'s most frequently cited loan duration was 30 Year, with 173 originations. The 2nd most popular length was 15 Year, with 17 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 207 $66,275,000 $320,169
    $3k-4k 4 $860,000 $215,000
    $2k-3k 3 $645,000 $215,000
    $5k+ 2 $1,100,000 $550,000

    Atlantis Mortgage Co.'s average total fees were $4,350, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 207 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 93 $30,795,000 $331,129
    3-4% 86 $26,760,000 $311,163
    <2.5% 24 $7,790,000 $324,583
    4-5% 4 $1,000,000 $250,000

    During 2020, Atlantis Mortgage Co.'s average interest rate for loans was 3.09%, while their most frequently originated rate bucket for loans was 2.5-3%, with 93 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 132 $39,100,000 $296,212 $3,840 3.01%
    $400k-600k 49 $23,145,000 $472,347 $5,034 2.99%
    $100k-200k 29 $4,395,000 $151,552 $3,613 3.15%
    $100,000 or less 3 $205,000 $68,333 $2,919 3.50%
    $600k-1MM 3 $2,035,000 $678,333 $7,453 3.17%

    2020 saw Atlantis Mortgage Co. place emphasis on $200k-400k loans with 132 originations, totaling $39,100,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 63 $24,655,000 $391,349 $4,225 2.91%
    $100k-150k 60 $19,400,000 $323,333 $4,081 3.05%
    $75k-100k 44 $12,160,000 $276,364 $4,039 3.09%
    $50k-75k 29 $6,535,000 $225,345 $4,015 3.16%
    $250k+ 12 $4,140,000 $345,000 $4,237 3.22%
    $50k or less 8 $1,990,000 $248,750 $4,100 2.98%

    Atlantis Mortgage Co. lent most frequently to those with incomes in the $150k-250k range, with 63 originations. The second most popular income band? $100k-150k, with 60 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 51 $16,355,000 $320,686 $3,798 3.05%
    30-36% 43 $13,175,000 $306,395 $4,219 3.01%
    <20% 20 $5,900,000 $295,000 $3,717 2.99%
    44% 10 $3,430,000 $343,000 $4,015 2.98%
    36% 10 $3,560,000 $356,000 $3,675 2.91%
    49% 8 $2,210,000 $276,250 $3,966 3.11%
    42% 8 $3,140,000 $392,500 $3,881 3.02%
    43% 8 $2,450,000 $306,250 $3,982 3.45%
    39% 7 $1,975,000 $282,143 $4,162 3.17%
    37% 7 $2,755,000 $393,571 $5,803 2.80%
    38% 7 $2,185,000 $312,143 $4,802 2.98%
    46% 6 $2,320,000 $386,667 $5,013 2.77%
    40% 4 $1,450,000 $362,500 $3,997 3.16%
    45% 4 $1,380,000 $345,000 $4,338 2.81%
    41% 4 $1,110,000 $277,500 $4,327 3.25%
    48% 3 $1,075,000 $358,333 $3,339 3.21%
    47% 2 $620,000 $310,000 $7,302 2.81%

    Atlantis Mortgage Co. lent most frequently to those with DTI ratios of 20-30%, with 51 originations. The next most common DTI ratio? 30-36%, with 43 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 208 $66,360,000 $319,038 $4,120 3.04%
    Asian 6 $1,870,000 $311,667 $4,233 3.06%
    Not provided 1 $355,000 $355,000 $3,145 2.63%
    Black 1 $295,000 $295,000 $3,350 3.13%

    Approval Rates

    Total approvals of all applications
    96.60%

    Atlantis Mortgage Co. 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
    95.37%

    Atlantis Mortgage Co. has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 216 $68,880,000 $318,889

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 216 $68,880,000 $318,889

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $2,150,000 $179,167 $2,980 3.13%
    40-60% 39 $10,845,000 $278,077 $3,384 2.88%
    60-80% 109 $35,405,000 $324,817 $3,926 3.03%
    80-100% 55 $20,075,000 $365,000 $5,157 3.14%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    ATLANTIC BAY MORTGAGE GROUP LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 13.3%
    ATLANTIC BAY MORTGAGE GROUP LLC Conventional home mortgage Closing on a mortgage 1 6.7%
    ATLANTIC BAY MORTGAGE GROUP LLC Conventional home mortgage Struggling to pay mortgage 1 6.7%
    ATLANTIC BAY MORTGAGE GROUP LLC Conventional home mortgage Trouble during payment process 4 26.7%
    ATLANTIC BAY MORTGAGE GROUP LLC FHA mortgage Problem with a credit reporting company's investigation into an existing problem 1 6.7%
    ATLANTIC BAY MORTGAGE GROUP LLC FHA mortgage Struggling to pay mortgage 1 6.7%
    ATLANTIC BAY MORTGAGE GROUP LLC Other type of mortgage Trouble during payment process 1 6.7%
    ATLANTIC BAY MORTGAGE GROUP LLC VA mortgage Closing on a mortgage 1 6.7%
    ATLANTIC BAY MORTGAGE GROUP LLC VA mortgage Trouble during payment process 3 20.0%