OCMBC in New Jersey vs the state
12.6%Denial rate-5.08 pts vs state
15.2%Decision denial rate-7.83 pts vs state
49.3%Origination rate-6.43 pts vs state
7.38%Median rate+0.63 pts vs state
1.12Rate spread (pts)+0.84 pts vs state
$167kMedian applicant income
164Loans originated
42Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 276 | 130 | 26.1% | 8.38% | #150 |
| 2024 | 377 | 188 | 21.0% | 7.94% | #131 |
| 2025 | 333 | 164 | 12.6% | 7.38% | #154 |
What OCMBC lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most OCMBC applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Essex County | 56 | 27 | 9 | 16.1% |
| Bergen County | 36 | 16 | 3 | 8.3% |
| Union County | 31 | 14 | 5 | 16.1% |
| Middlesex County | 29 | 12 | 1 | 3.4% |
| Hudson County | 23 | 6 | 7 | 30.4% |
| Ocean County | 22 | 14 | 4 | 18.2% |
| Mercer County | 20 | 13 | 1 | 5.0% |
| Passaic County | 20 | 7 | 2 | 10.0% |
| Morris County | 13 | 4 | 2 | 15.4% |
| Monmouth County | 13 | 7 | 0 | 0.0% |
Other large lenders in New Jersey
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 16,339 | 16.1% | 6.75% |
| TD Bank | D | 12,532 | 26.2% | 7.49% |
| Bank of America | F | 12,142 | 30.6% | 6.00% |
| Citizens Bank | C | 12,113 | 28.9% | 7.40% |
| Crosscountry Mortgage | B | 12,042 | 5.3% | 6.75% |
| PNC Bank | D | 10,815 | 27.8% | 7.75% |
| United Shore Financial Services | B | 10,552 | 15.3% | 6.38% |
| Guaranteed Rate | B | 8,643 | 5.5% | 6.58% |
| Newrez | D | 6,535 | 22.5% | 6.99% |
| Loandepot.Com | D | 6,491 | 15.3% | 6.63% |
Frequently asked questions
New Jersey: 333 applications in 2025, of which 164 were originated and 42 denied.
12.6% of all applications, or 15.2% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans OCMBC originated in New Jersey in 2025 was 7.38%, against a statewide median of 6.75%.
About this data. Figures are OCMBC'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