The Mortgage Record
Lender report card · New Jersey

Ocmbc, Inc.

Irvine, CA · What the federal mortgage record shows about how Ocmbc, Inc. treated New Jersey applicants, 2018–2025 — 1,479 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
68.7%
1,016 approved
Denial rate
31.3%
463 denied
Decisions
1,479
2018–2025
Avg. rate spread
+1.18 pp
vs. market benchmark
68.7% approved
31.3% denied

Share of 1,479 New Jersey applications Ocmbc, Inc. approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional67.9% of 993 · NJ 87%FHA71.0% of 459 · NJ 79%VA64.0% of 25 · NJ 80%

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

Approval rate over time

47%60%73%86%99%100%100%69%62%51%71%81%86%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Ocmbc, Inc.’s rates ran +0.68 pp higher than the typical New Jersey lender (average rate spread +1.18 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Ocmbc, Inc. approves

By income
Under $50k54.2% · 177$50–75k67.0% · 191$75–100k66.9% · 269$100–150k72.9% · 314$150–250k75.8% · 252$250k+75.1% · 185
By debt-to-income
Under 36%74.9% · 37936–43%74.8% · 26643–50%75.5% · 368Over 50%56.2% · 242
By down payment (LTV)
20%+ down67.9% · 88710–20% down68.8% · 1285–10% down69.5% · 823–5% down74.2% · 275Under 3% down60.8% · 97

Why Ocmbc, Inc. denied applications

Incomplete application47% of denialsOther29% of denialsDebt-to-income ratio14% of denialsCollateral (value/type)8% of denialsCredit history7% of denialsUnverifiable information6% of denials

Where Ocmbc, Inc. lends in NJ

CountyDecisionsApproval
Essex County25069.2%
Union County14667.8%
Bergen County12766.1%
Mercer County12584.8%
Passaic County11165.8%
Middlesex County9568.4%
Burlington County9174.7%
Hudson County8253.7%

Fees & closing costs

Median total loan costs
$12,785
home purchase
As % of loan
3.74%
NJ median 1.93%
Priced originations
487
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Ocmbc, Inc.’s home-purchase originations — 1.81 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $1,689. 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 Ocmbc, Inc. (LEI 549300J7I82PNDVU8H22). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →