What loan types does BNY Mellon offer?

BNY Mellon offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing score and performance metrics.

Where does BNY Mellon offer mortgages?

BNY Mellon offers mortgages in 36 states: AL, AZ, CA, CO, CT, DC, FL, GA, HI, IA, ID, IL, MA, MD, ME, MI, MN, MT, NC, NH, NJ, NM, NY, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA, WI, WV.

How competitive are BNY Mellon's mortgage rates?

BNY Mellon has an overall pricing score of 72.7/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is BNY Mellon?

BNY Mellon is a Bank headquartered in Pittsburgh, PA.

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BNY Mellon

Bank•Pittsburgh, PAHQ•Direct•Reviews near you on Google

BNY Mellon has 266 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Strong

4/5

vs. all lenders

Pull-through

Sound

3/5

closing strength

Product

Strong

4/5

Conventional · Jumbo

Place

Sound

3/5

Near-National · 2 mkts

Awards

Jumbo

Superstar

Summary

What They Do Well

Offers rates 20.10 basis points below market average
Lower than average lender fees
Nationwide availability with consistent service

Explore another lender or local market

Report Card

BNY Mellon performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Strong

Rates 20.1 bps below market avg

Pull Through

Closing strength

Sound

Top 60% of lenders

By Loan Product· Specialization by type

Conventional

Acceptable

Bottom 40% of lenders

Jumbo

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

Near-National · 3 markets

Sound

Top 60% of lenders

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Sound	Acceptable	Exceptional	Acceptable	121	45.5%	-0.264%Below	$966Fees
Jumbo Loans	Strong	Strong	Exceptional	Strong	145	54.5%	-0.137%Below	$971Fees

Conventional

Overall

Sound

Product

Acceptable

Pricing

Exceptional

Pull Through

Acceptable

Volume121

Mix45.5%

Spread

-0.264%Below

Fees

$966Fees

Jumbo Loans

Overall

Strong

Product

Strong

Pricing

Exceptional

Pull Through

Strong

Volume145

Mix54.5%

Spread

-0.137%Below

Fees

$971Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Sound	Strong	Acceptable	241	90.6%	-0.191%Below	$968Fees
Refinance	Sound	Acceptable	—	Sound	25	9.4%	-0.394%Below	$975Fees

Purchase

Overall

Sound

Product

Sound

Pricing

Strong

Pull Through

Acceptable

Volume241

Mix90.6%

Spread

-0.191%Below

Fees

$968Fees

Refinance

Overall

Sound

Product

Acceptable

Pricing—

Pull Through

Sound

Volume25

Mix9.4%

Spread

-0.394%Below

Fees

$975Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

266

Applications

343

Volume

$288 million

Pricing & Closing

Avg Rate Spread

-0.201%

vs. market APOR

Avg Net Fees

$969

Origination − Credits

Pullthrough Rate

77.6%

Applications → Closed

Typical Borrower

Avg Loan Amount

$1,083,383

Avg Borrower Income

$734,771

Avg Property Value

$1,761,353

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Sound

3/5

States with Loan Originations

Northeast8

CTMEMANHNJNYPARI

Midwest6

IAILMIMNOHWI

South12

ALDCFLGAMDNCOKSCTNTXVAWV

West10

AZCACOHIIDMTNMORUTWA

Top Metro Areas by Place Specialization Score

1© Dllu · CC BY-SA 4.0

New York, NY-NJMetro

Volume 26Mix 9.77% of portfolio

53/100

Sound

Boston, MAMetro

Volume 15Mix 5.64% of portfolio

48/100

Sound

Top States by Place Specialization Score

New YorkState

Volume 31Mix 11.65% of portfolio

53/100

Sound

MassachusettsState

Volume 26Mix 9.77% of portfolio

51/100

Sound

CaliforniaState

Volume 24Mix 9.02% of portfolio

46/100

Sound

FloridaState

Volume 23Mix 8.65% of portfolio

45/100

Sound

PennsylvaniaState

Volume 15Mix 5.64% of portfolio

44/100

Sound

ColoradoState

Volume 13Mix 4.89% of portfolio

43/100

Sound

GeorgiaState

Volume 14Mix 5.26% of portfolio

43/100

Sound

New JerseyState

Volume 12Mix 4.51% of portfolio

42/100

Sound

North CarolinaState

Volume 11Mix 4.14% of portfolio

40/100

Acceptable

IllinoisState

Volume 10Mix 3.76% of portfolio

39/100

Acceptable

Showing 10 of 11 states

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.