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NJ LENDERS CORP.
Independent Mortgage Company|LITTLE FALLS, NJ|Multi-Region
Loans Originated
3,053
Applications
4,025
Volume
$1 billion
Offers loans directly to consumers
Overall Pricing
Strong
Overall Pull Through
Strong
Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐VA Superstar⭐Jumbo Superstar⭐Purchase Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.044%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,968
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
75.9%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Competitive pricing compared to the market
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo loans
Report Card
NJ LENDERS CORP. performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Strong | Highly Competitive | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
Jumbo | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | Multi-Regional · 20 metro areas · 22 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$485,079
Average Borrower Income
$199,593
Average Property Value
$662,553
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Exceptional | Strong | Strong | 2,571 | 84.2% | +0.004% | $1,955 |
FHA Loans | Strong | Strong | Sound | Strong | 355 | 11.6% | +0.432% | $2,543 |
VA Loans | Strong | Strong | Exceptional | Strong | 58 | 1.9% | -0.350% | $493 |
Jumbo Loans | Strong | Strong | Strong | Strong | 61 | 2.0% | +0.003% | $606 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Exceptional | Strong | Strong | 2,711 | 88.8% | +0.045% | $1,973 |
Refinance | Strong | Strong | Strong | Strong | 342 | 11.2% | +0.032% | $1,925 |
Geographic Coverage
Metro Areas
19
States Served
22
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
ALCACOCTDCDEFLGAMAMDNCNHNJNYOHPARISCTNTXVAWA
Top Metro Areas by Place Specialization Score
1
Newark, NJ, NJMSA
Volume: 798Mix: 26.14%
Place Specialization
Exceptional
2
Lakewood, NJMSA
Volume: 502Mix: 16.44%
Place Specialization
Exceptional
3
New York, NY-NJMSA
Volume: 875Mix: 28.66%
Place Specialization
Exceptional
4
Nassau County, NYMSA
Volume: 151Mix: 4.95%
Place Specialization
Strong
5
Camden, NJ, NJMSA
Volume: 96Mix: 3.14%
Place Specialization
Strong
6
Rome, GA, GAMSA
Volume: 27Mix: 0.88%
Place Specialization
Strong
7
Montgomery County, PAMSA
Volume: 59Mix: 1.93%
Place Specialization
Strong
8
Trenton, NJMSA
Volume: 32Mix: 1.05%
Place Specialization
Strong
9
Tampa, FL, FLMSA
Volume: 76Mix: 2.49%
Place Specialization
Strong
10
Allentown, PA-NJMSA
Volume: 33Mix: 1.08%
Place Specialization
Sound
Showing 10 of 19 metro areas
Top States by Place Specialization Score
1
NJState
Volume: 2,180Mix: 71.41%
Place Specialization
Exceptional
2
NYState
Volume: 365Mix: 11.96%
Place Specialization
Strong
3
PAState
Volume: 137Mix: 4.49%
Place Specialization
Strong
4
FLState
Volume: 173Mix: 5.67%
Place Specialization
Sound
5
GAState
Volume: 70Mix: 2.29%
Place Specialization
Sound
6
CTState
Volume: 17Mix: 0.56%
Place Specialization
Sound
7
NCState
Volume: 17Mix: 0.56%
Place Specialization
Acceptable
8
MAState
Volume: 12Mix: 0.39%
Place Specialization
Acceptable
9
SCState
Volume: 13Mix: 0.43%
Place Specialization
Acceptable
10
CAState
Volume: 12Mix: 0.39%
Place Specialization
Acceptable
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
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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