The Mortgage Record
Lender report card · New Jersey

Morgan Stanley Private Bank Na

Purchase, NY · What the federal mortgage record shows about how Morgan Stanley Private Bank Na treated New Jersey applicants, 2018–2025 — 4,564 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
96.0%
4,380 approved
Denial rate
4.0%
184 denied
Decisions
4,564
2018–2025
Avg. rate spread
-0.38 pp
vs. market benchmark
96.0% approved
4.0% denied

Share of 4,564 New Jersey applications Morgan Stanley Private Bank Na approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional96.0% of 4,564 · NJ 87%

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

Approval rate over time

90%92%94%96%98%100%97%96%94%95%96%97%96%97%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Morgan Stanley Private Bank Na’s rates ran -0.60 pp lower than the typical New Jersey lender (average rate spread -0.38 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Morgan Stanley Private Bank Na approves

By income
Under $50k29.0% · 31$50–75k79.6% · 49$75–100k92.4% · 66$100–150k89.0% · 254$150–250k96.5% · 771$250k+97.3% · 2,441
By debt-to-income
Under 36%98.2% · 2,46636–43%98.5% · 1,00043–50%97.4% · 661Over 50%74.6% · 421
By down payment (LTV)
20%+ down96.6% · 3,92510–20% down89.3% · 1975–10% down89.5% · 57Under 3% down90.6% · 117

Why Morgan Stanley Private Bank Na denied applications

Debt-to-income ratio57% of denialsCollateral (value/type)43% of denialsOther24% of denialsCredit history11% of denialsUnverifiable information7% of denialsInsufficient cash to close6% of denials

Where Morgan Stanley Private Bank Na lends in NJ

CountyDecisionsApproval
Monmouth County78495.8%
Bergen County74395.8%
Essex County48797.1%
Morris County42097.6%
Ocean County40795.1%
Hudson County30490.1%
Union County30198.7%
Cape May County27497.1%

Fees & closing costs

Median total loan costs
$7,196
home purchase
As % of loan
0.90%
NJ median 1.93%
Priced originations
2,490
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Morgan Stanley Private Bank Na’s home-purchase originations — 1.03 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $800. 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 Morgan Stanley Private Bank Na (LEI 549300GS0W0TEUQS8571). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →