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1ST 2ND Mortgage Company of N.J.

Independent Mortgage Company•Cresskill, NJHQ•Direct•Reviews near you on Google

1ST 2ND Mortgage Company of N.J. has 269 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Acceptable
2/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
FHA · Conventional
Place
Sound
3/5
Multi-Region · 6 mkts

Safe Rate Summary

What They Do Well

  • Strong pull through performance

Things to Think About

  • Pricing may be below industry average

Explore another lender or local market

Report Card

1ST 2ND Mortgage Company of N.J. performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+40.0 bps above market avg
Pull Through
Closing strength
Strong
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Acceptable
Bottom 40% of lenders
FHA
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Sound
Top 60% of lenders
Refinance
Acceptable
Bottom 40% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 6 markets
Sound
Top 60% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Acceptable
Product
Acceptable
Pricing
Acceptable
Pull Through
Sound
Volume189
Mix70.3%
Spread
+0.387%Above
Fees
$3,317Fees
FHA Loans
Overall
Sound
Product
Strong
Pricing
Acceptable
Pull Through
Strong
Volume77
Mix28.6%
Spread
+0.446%Above
Fees
$4,025Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Acceptable
Product
Sound
Pricing
Acceptable
Pull Through
Sound
Volume229
Mix85.1%
Spread
+0.416%Above
Fees
$3,544Fees
Refinance
Overall
Acceptable
Product
Acceptable
Pricing
Mediocre
Pull Through
Sound
Volume40
Mix14.9%
Spread
+0.289%Above
Fees
$3,059Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
269
Applications
345
Volume
$119 million
Pricing & Closing
Avg Rate Spread
+0.400%
vs. market APOR
Avg Net Fees
$3,481
Origination − Credits
Pullthrough Rate
78.0%
Applications → Closed
Typical Borrower
Avg Loan Amount
$444,851
Avg Borrower Income
$177,535
Avg Property Value
$573,476

Geographic Coverage

Geographic Performance

Metro Areas
6
markets with activity
States Served
13
of 50 states + DC
Avg Place Specialization
Sound
3/5

States with Loan Originations

13
13 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Northeast5
CTNHNJNYPA
South7
DEFLMDNCSCTXVA
West1
CA

Top Metro Areas by Place Specialization Score

1© Dllu · CC BY-SA 4.0
New York, NY-NJMetro
Volume 71Mix 26.39% of portfolio
66/100
Strong
2© Gamezilla2019 · CC BY 4.0
Newark, NJMetro
Volume 40Mix 14.87% of portfolio
63/100
Strong
3© Mr. Matté · CC BY-SA 4.0
Lakewood, NJMetro
Volume 44Mix 16.36% of portfolio
63/100
Strong
4© Gary Miotla · CC BY 3.0
Camden, NJMetro
Volume 13Mix 4.83% of portfolio
47/100
Sound
5© Dicklyon · CC BY-SA 4.0
Nassau County, NYMetro
Volume 11Mix 4.09% of portfolio
44/100
Sound
6© Venusetdilecti · CC BY-SA 4.0
Miami, FLMetro
Volume 11Mix 4.09% of portfolio
44/100
Sound

Top States by Place Specialization Score

New Jersey
New Jersey
1
New JerseyState
Volume 160Mix 59.48% of portfolio
75/100
Strong
New York
New York
2
New YorkState
Volume 34Mix 12.64% of portfolio
54/100
Sound
Florida
Florida
3
FloridaState
Volume 31Mix 11.52% of portfolio
48/100
Sound
Connecticut
Connecticut
4
ConnecticutState
Volume 13Mix 4.83% of portfolio
44/100
Sound
Pennsylvania
Pennsylvania
5
PennsylvaniaState
Volume 12Mix 4.46% of portfolio
41/100
Sound

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.