The Mortgage Record
Lender report card · New Jersey

Ditech Financial Llc

Fort Washington, PA · What the federal mortgage record shows about how Ditech Financial Llc treated New Jersey applicants, 2018–2025 — 2,423 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
53.9%
1,306 approved
Denial rate
46.1%
1,117 denied
Decisions
2,423
2018–2025
Avg. rate spread
+0.81 pp
vs. market benchmark
53.9% approved
46.1% denied

Share of 2,423 New Jersey applications Ditech Financial Llc approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional55.5% of 1,742 · NJ 87%FHA45.6% of 581 · NJ 79%VA75.0% of 100 · NJ 80%

“NJ” = the statewide average approval rate for that loan type, for comparison.

Approval rate over time

50%51%52%53%54%55%56%57%53%55%20182019

Pricing

Adjusting for its loan-type mix, Ditech Financial Llc’s rates ran +0.44 pp higher than the typical New Jersey lender (average rate spread +0.81 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Ditech Financial Llc approves

By income
Under $50k52.0% · 732$50–75k49.3% · 491$75–100k56.2% · 393$100–150k56.2% · 466$150–250k57.7% · 274$250k+61.0% · 59
By debt-to-income
Under 36%53.1% · 75236–43%62.6% · 34043–50%61.6% · 451Over 50%47.3% · 880
By down payment (LTV)
20%+ down51.3% · 50710–20% down53.1% · 1305–10% down63.2% · 573–5% down75.8% · 66Under 3% down58.7% · 63

Why Ditech Financial Llc denied applications

Debt-to-income ratio32% of denialsCredit history30% of denialsOther25% of denialsCollateral (value/type)22% of denialsUnverifiable information14% of denialsInsufficient cash to close4% of denials

Where Ditech Financial Llc lends in NJ

CountyDecisionsApproval
Ocean County22854.4%
Middlesex County22745.4%
Camden County19958.8%
Burlington County19859.6%
Monmouth County17556.0%
Bergen County15749.0%
Gloucester County13954.7%
Essex County13447.8%

Fees & closing costs

Median total loan costs
$6,022
home purchase
As % of loan
2.62%
NJ median 1.93%
Priced originations
98
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Ditech Financial Llc’s home-purchase originations — 0.69 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $995. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

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Source: CFPB HMDA loan-level data, 2018–2025 · first-lien, closed-end mortgages on 1–4 family homes in New Jersey reported by Ditech Financial Llc (LEI 5493003KZFGGEWCRH554). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →