Jackson National Life Insurance Company Mortgage Rates, Fees & Info
Chicago, ILLEI: 8IM72RBRSPXY5ZCXZB30
Tax ID: 38-1659835
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Mortgage Data
Review & Overview
Jackson National Life Insurance Company is a smaller mortgage company specializing in Cash Out Refi and Refi loans. Jackson National Life Insurance Company has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Denver, Dallas, Tuscaloosa, and Los Angeles among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)Jackson National Life Insurance Company has an above average approval rate when compared to the average across all lenders.
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Originations
25Origination Dollar Volume (All Markets)
$512,355,000Top 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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 6 | $104,330,000 | $17,388,333 | $0 | 3.81% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $71,210,000 | $35,605,000 | $0 | 4.09% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $69,520,000 | $34,760,000 | $0 | 4.29% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $46,855,000 | $46,855,000 | $0 | 4.27% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $38,005,000 | $38,005,000 | $0 | 4.16% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $27,355,000 | $27,355,000 | $0 | 3.94% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $24,005,000 | $24,005,000 | $0 | 4.28% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $22,005,000 | $22,005,000 | $0 | 4.06% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $19,325,000 | $19,325,000 | $0 | 4.07% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $14,460,000 | $7,230,000 | $0 | 4.30% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $14,005,000 | $14,005,000 | $0 | 4.32% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $12,005,000 | $12,005,000 | $0 | 4.25% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $10,005,000 | $10,005,000 | $0 | 3.64% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $10,005,000 | $10,005,000 | $0 | 3.09% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $10,005,000 | $10,005,000 | $0 | 3.94% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $9,855,000 | $9,855,000 | $0 | 4.27% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $9,405,000 | $9,405,000 | $0 | 4.08% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 25 | $512,355,000 | $20,494,200 | $0 | 4.02% |
For 2018, Jackson National Life Insurance Company's most frequently originated type of loan was Conventional, with 25 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 13 | $287,185,000 | $22,091,154 | $0 | 4.04% |
| Refi | 12 | $225,170,000 | $18,764,167 | $0 | 4.01% |
For 2018, Jackson National Life Insurance Company's most frequently cited loan purpose was Cash Out Refi, with 13 originations. The 2nd most popular reason was Refi, with 12 originations.
Loan Duration/Length
For 2018, Jackson National Life Insurance Company's most frequently cited loan duration was Other, with 10 originations. The 2nd most popular length was 10 Year, with 7 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 14 | $316,150,000 | $22,582,143 |
| 3-4% | 11 | $196,205,000 | $17,836,818 |
During 2018, Jackson National Life Insurance Company's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 14 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 25 | $512,355,000 | $20,494,200 | $0 | 4.02% |
2018 saw Jackson National Life Insurance Company place emphasis on $1MM+ loans with 25 originations, totaling $512,355,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 25 | $512,355,000 | $20,494,200 | $0 | 4.02% |
Approval Rates
Total approvals of all applications100.00%
Jackson National Life Insurance Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 25 | $512,355,000 | $20,494,200 |