PlainLender

1st 2nd Mortgage Company of N.J., INC.

Cresskill, NJ

1st 2nd Mortgage Company of N.J., INC. processed 422 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 310 loans with a 4.3% denial rate. Home Purchase was the primary loan purpose. Based in Cresskill, NJ. The approval rate of 73.5% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. 1st 2nd Mortgage Company of N.J., INC.'s 73.5% origination rate tells you how often an application turned into funded money; the 4.3% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Unverifiable information, Debt-to-income ratio, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (313 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

422
Applications
310
Originated
4.3%
Denial Rate
$423,555
Avg Loan Amount
Avg Interest Rate: 6.846% Avg Applicant Income: $33,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 313 231 13 $408,099
FHA 107 78 5 $468,738
VA 2 1 0 $425,000

Top loan types - 1st 2nd Mortgage Company of N.J., INC.

Top loan types - 1st 2nd Mortgage Company of N.J., INC. Horizontal bar chart of the top 3 items by value (applications). Top loan types - 1st 2nd Mortgage Company of N.J., INC. Top 3 1. Conventional 313 2. FHA 107 3. VA 2 Top 5 loan types by application volume at 1st 2nd Mortgage Company of N.J., INC. (HMDA 2024). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for 1st 2nd Mortgage Company of N.J., INC. (LEI: 549300ZOBXG0DT4I6U54) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Unverifiable information
6
Debt-to-income ratio
5
Other
3
Employment history
2
Insufficient cash
2
Collateral
2
Credit application incomplete
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 340 258 $437,294
Refinancing 64 51 $365,469
Home Improvement 18 1 $370,556

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 246 74.4% 4.1%
Asian 129 72.1% 4.7%
Black or African American * 27 63.0% 3.7%
Joint * 12 75.0% 8.3%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 245 75.5% 3.7%
Hispanic or Latino 165 71.5% 5.5%
Joint * 3 33.3% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in NJ

Other HMDA-reporting lenders in NJ with similar activity. Compare any two side-by-side.

TD Bank

Mount Laurel, NJ

56,179 apps 24,748 originated 26.1% denied

HomeBridge Financial Services, Inc

Iselin, NJ

20,428 apps 11,641 originated 24.9% denied

American Neighborhood Mortgage Acceptance Company

Mt. Laurel, NJ

15,393 apps 9,465 originated 2.1% denied

American Financial Resources LLC

PARSIPPANY, NJ

9,814 apps 5,214 originated 8.4% denied

Longbridge Financial, LLC

PARAMUS, NJ

9,231 apps 3,849 originated 8.7% denied
Compare 1st 2nd Mortgage Company of N.J., INC. vs TD Bank →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did 1st 2nd Mortgage Company of N.J., INC. process?
1st 2nd Mortgage Company of N.J., INC. processed 422 mortgage applications in the 2024 HMDA reporting year. Of these, 310 were originated (approved and funded), 94 were withdrawn by the applicant, and 18 were denied.
What is 1st 2nd Mortgage Company of N.J., INC.'s mortgage approval rate?
1st 2nd Mortgage Company of N.J., INC. has an approval (origination) rate of 73.5%, meaning 73.5% of all applications resulted in a funded mortgage. The denial rate is 4.3%.
What is the average loan amount at 1st 2nd Mortgage Company of N.J., INC.?
The average mortgage loan amount at 1st 2nd Mortgage Company of N.J., INC. is $423,555. The average interest rate is 6.846%. The average applicant income is $33,000.
What are the most common reasons for mortgage denial at 1st 2nd Mortgage Company of N.J., INC.?
The most common reasons for mortgage denial at 1st 2nd Mortgage Company of N.J., INC. are: Unverifiable information, Debt-to-income ratio, Other. In total, 18 applications were denied out of 422 total applications.
What types of mortgage loans does 1st 2nd Mortgage Company of N.J., INC. offer?
1st 2nd Mortgage Company of N.J., INC. processes Conventional, FHA, VA loans. The most common type is Conventional with 313 applications and an average loan amount of $408,099.
What loan purposes does 1st 2nd Mortgage Company of N.J., INC. serve?
1st 2nd Mortgage Company of N.J., INC. serves the following loan purposes: Home Purchase (340 applications), Refinancing (64 applications), Home Improvement (18 applications). Home Purchase is the most common purpose.
Where is 1st 2nd Mortgage Company of N.J., INC. located?
1st 2nd Mortgage Company of N.J., INC. is headquartered in Cresskill, NJ. The lender is identified by LEI 549300ZOBXG0DT4I6U54 in HMDA data.
How does 1st 2nd Mortgage Company of N.J., INC. compare in lending across racial demographics?
1st 2nd Mortgage Company of N.J., INC. reports demographic lending data under HMDA requirements. White applicants have an approval rate of 74.4% and denial rate of 4.1%; Asian applicants have an approval rate of 72.1% and denial rate of 4.7%; Black or African American applicants have an approval rate of 63.0% and denial rate of 3.7%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.