Pennymac Loan Services in New Jersey vs the state
12.9%Denial rate-4.84 pts vs state
20.0%Decision denial rate-3.09 pts vs state
49.6%Origination rate-6.11 pts vs state
6.62%Median rate-0.13 pts vs state
0.36Rate spread (pts)+0.07 pts vs state
$142kMedian applicant income
3,144Loans originated
815Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 3,601 | 1,657 | 16.5% | 6.75% | #13 |
| 2024 | 4,526 | 2,208 | 14.7% | 6.63% | #12 |
| 2025 | 6,343 | 3,144 | 12.9% | 6.62% | #11 |
What Pennymac Loan Services lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most Pennymac Loan Services applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Ocean County | 805 | 484 | 92 | 11.4% |
| Middlesex County | 545 | 266 | 64 | 11.7% |
| Monmouth County | 530 | 291 | 61 | 11.5% |
| Burlington County | 493 | 232 | 67 | 13.6% |
| Bergen County | 463 | 225 | 65 | 14.0% |
| Camden County | 425 | 188 | 57 | 13.4% |
| Essex County | 399 | 151 | 57 | 14.3% |
| Union County | 347 | 169 | 55 | 15.9% |
| Morris County | 333 | 177 | 28 | 8.4% |
| Passaic County | 267 | 122 | 45 | 16.9% |
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: 6,343 applications in 2025, of which 3,144 were originated and 815 denied.
12.9% of all applications, or 20.0% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Pennymac Loan Services originated in New Jersey in 2025 was 6.62%, against a statewide median of 6.75%.
About this data. Figures are Pennymac Loan Services'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