The Mortgage Record
Lender report card · New Jersey

Mortgage Research Center

Columbia, MO · What the federal mortgage record shows about how Mortgage Research Center treated New Jersey applicants, 2018–2025 — 10,288 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
73.2%
7,535 approved
Denial rate
26.8%
2,753 denied
Decisions
10,288
2018–2025
Avg. rate spread
+0.06 pp
vs. market benchmark
73.2% approved
26.8% denied

Share of 10,288 New Jersey applications Mortgage Research Center approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional48.3% of 484 · NJ 87%FHA57.1% of 147 · NJ 79%VA74.7% of 9,656 · NJ 80%

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

Approval rate over time

62%67%72%77%82%75%75%81%72%73%70%70%65%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Mortgage Research Center’s rates ran +0.13 pp higher than the typical New Jersey lender (average rate spread +0.06 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 Research Center approves

By income
Under $50k47.5% · 752$50–75k73.2% · 2,057$75–100k75.7% · 1,975$100–150k75.6% · 2,354$150–250k73.9% · 1,209$250k+67.1% · 246
By debt-to-income
Under 36%64.2% · 1,98736–43%79.7% · 1,76643–50%82.4% · 2,172Over 50%64.5% · 2,668
By down payment (LTV)
20%+ down46.9% · 32410–20% down70.3% · 375–10% down74.5% · 51Under 3% down0.0% · 32

Why Mortgage Research Center denied applications

Credit history56% of denialsOther14% of denialsDebt-to-income ratio11% of denialsIncomplete application10% of denialsCollateral (value/type)8% of denialsEmployment history3% of denials

Where Mortgage Research Center lends in NJ

CountyDecisionsApproval
Burlington County1,47378.1%
Ocean County1,16274.5%
Camden County1,04371.2%
Middlesex County63376.0%
Gloucester County61870.9%
Monmouth County53167.8%
Atlantic County49874.1%
Essex County45866.8%

Fees & closing costs

Median total loan costs
$7,610
home purchase
As % of loan
2.46%
NJ median 1.93%
Priced originations
5,396
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Mortgage Research Center’s home-purchase originations — 0.53 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $850. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Consumer complaints

CFPB complaints
11
from NJ, 2022–present

Complaints New Jersey mortgage customers filed against Mortgage Research Center with the federal Consumer Financial Protection Bureau, 2022–present. Most common issue: Closing on a mortgage. Most mortgage complaints concern servicing — payments, escrow, and foreclosure — so this reflects a company’s customer experience as much as its lending, and volume partly tracks how many loans it services. Source: CFPB Consumer Complaint Database.

Compare Mortgage Research Center 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 Research Center (LEI 549300DD5QQUHO6PCH70). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →