The Mortgage Record
Lender report card · New Jersey

Mortgage World Bankers, Inc

Long Island City, NY · What the federal mortgage record shows about how Mortgage World Bankers, Inc treated New Jersey applicants, 2018–2025 — 416 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
93.3%
388 approved
Denial rate
6.7%
28 denied
Decisions
416
2018–2025
Avg. rate spread
+0.48 pp
vs. market benchmark
93.3% approved
6.7% denied

Share of 416 New Jersey applications Mortgage World Bankers, Inc approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional93.6% of 376 · NJ 87%FHA90.0% of 40 · NJ 79%

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

Approval rate over time

85%88%91%94%97%100%91%89%96%95%100%20182019202020212022

Pricing

Adjusting for its loan-type mix, Mortgage World Bankers, Inc’s rates ran +0.19 pp higher than the typical New Jersey lender (average rate spread +0.48 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Mortgage World Bankers, Inc approves

By income
$50–75k78.2% · 55$75–100k92.2% · 90$100–150k97.1% · 137$150–250k100.0% · 93
By debt-to-income
Under 36%99.3% · 13436–43%98.0% · 9943–50%97.1% · 139Over 50%50.0% · 36
By down payment (LTV)
20%+ down93.8% · 24110–20% down95.1% · 415–10% down92.6% · 27

Why Mortgage World Bankers, Inc denied applications

Debt-to-income ratio61% of denialsCollateral (value/type)14% of denialsOther11% of denialsInsufficient cash to close7% of denialsCredit history4% of denialsIncomplete application4% of denials

Where Mortgage World Bankers, Inc lends in NJ

CountyDecisionsApproval
Bergen County23696.6%
Monmouth County5288.5%
Middlesex County2993.1%

Fees & closing costs

Median total loan costs
$8,577
home purchase
As % of loan
2.74%
NJ median 1.93%
Priced originations
165
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Mortgage World Bankers, Inc’s home-purchase originations — 0.81 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $838. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare Mortgage World Bankers, Inc to other lenders for your profile

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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 Mortgage World Bankers, Inc (LEI 5493008EBYLPD4MM3C30). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →