Fay Servicing · New Jersey · 2025

Fay Servicing in New Jersey: approval rate, denial rate and rates (2025)

Fay Servicing took 17 mortgage applications in New Jersey in 2025, ranking #469 of 883 lenders active in the state. It originated 11.8% of them and denied 11.8% (50.0% of the applications it decided), against a statewide denial rate of 17.7%.

17Applicationsin NJ
50.0%Decision denial ratestate 23.1%
7.69%Median ratestate 6.75%
$435,000Median loanstate $295,000
$1.3MVolume12 counties

Fay Servicing in New Jersey vs the state

11.8%Denial rate-5.93 pts vs state
50.0%Decision denial rate+26.95 pts vs state
11.8%Origination rate-43.92 pts vs state
7.69%Median rate+0.94 pts vs state
1.58Rate spread (pts)+1.30 pts vs state
$149kMedian applicant income
2Loans originated
2Denied

What Fay Servicing lends in New Jersey

By loan purpose

Refinance 10 59% · 0.0% denied
Cash-out refinance 7 41% · 28.6% denied

By loan type

Conventional 15 88% · 6.7% denied
FHA 2 12% · 50.0% denied

Why it denied New Jersey applicants

Credit history 1 50%
Collateral 1 50%

Where in New Jersey

Counties with the most Fay Servicing applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Passaic County 200 0.0%
Monmouth County 200 0.0%
Atlantic County 210 0.0%
Essex County 200 0.0%
Camden County 202 100.0%
Union County 100 0.0%
Ocean County 110 0.0%
Gloucester County 100 0.0%
Mercer County 100 0.0%
Bergen County 100 0.0%

Other large lenders in New Jersey

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 16,33916.1%6.75%
TD BankD 12,53226.2%7.49%
Bank of AmericaF 12,14230.6%6.00%
Citizens BankC 12,11328.9%7.40%
Crosscountry MortgageB 12,0425.3%6.75%
PNC BankD 10,81527.8%7.75%
United Shore Financial ServicesB 10,55215.3%6.38%
Guaranteed RateB 8,6435.5%6.58%
NewrezD 6,53522.5%6.99%
Loandepot.ComD 6,49115.3%6.63%

Frequently asked questions

New Jersey: 17 applications in 2025, of which 2 were originated and 2 denied.

11.8% of all applications, or 50.0% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.

The median rate on loans Fay Servicing originated in New Jersey in 2025 was 7.69%, against a statewide median of 6.75%.

About this data. Figures are Fay Servicing's own HMDA filing for properties located in New Jersey, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology