The Mortgage Record
Lender report card · New Jersey

Mortgage Network, Inc

Danvers, MA · What the federal mortgage record shows about how Mortgage Network, Inc treated New Jersey applicants, 2018–2025 — 807 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
88.4%
713 approved
Denial rate
11.6%
94 denied
Decisions
807
2018–2025
Avg. rate spread
+0.41 pp
vs. market benchmark
88.4% approved
11.6% denied

Share of 807 New Jersey applications Mortgage Network, Inc approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional91.7% of 636 · NJ 87%FHA75.5% of 155 · NJ 79%

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

Approval rate over time

0%24%48%72%96%86%89%89%95%95%0%201820192020202120222023

Pricing

Adjusting for its loan-type mix, Mortgage Network, Inc’s rates ran +0.07 pp higher than the typical New Jersey lender (average rate spread +0.41 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 Network, Inc approves

By income
Under $50k66.7% · 33$50–75k85.5% · 110$75–100k82.4% · 136$100–150k90.8% · 218$150–250k92.8% · 223$250k+91.8% · 85
By debt-to-income
Under 36%93.8% · 27636–43%90.5% · 20143–50%90.9% · 230Over 50%62.2% · 98
By down payment (LTV)
20%+ down91.0% · 32210–20% down92.9% · 985–10% down87.7% · 733–5% down90.1% · 71

Why Mortgage Network, Inc denied applications

Debt-to-income ratio41% of denialsCollateral (value/type)33% of denialsCredit history26% of denialsOther15% of denialsInsufficient cash to close12% of denialsUnverifiable information5% of denials

Where Mortgage Network, Inc lends in NJ

CountyDecisionsApproval
Monmouth County10391.3%
Morris County9784.5%
Essex County9692.7%
Ocean County8690.7%
Union County8388.0%
Hudson County6083.3%
Middlesex County4691.3%
Bergen County4580.0%

Fees & closing costs

Median total loan costs
$5,594
home purchase
As % of loan
1.88%
NJ median 1.93%
Priced originations
522
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Mortgage Network, Inc’s home-purchase originations — 0.05 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $100. 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 Mortgage Network, Inc (LEI 254900A69XJBWUR7ZF46). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →