The Mortgage Record
Lender report card · New Jersey

Wall Street Mortgage Bankers, Ltd. Dba Power Expre

Great Neck, NY · What the federal mortgage record shows about how Wall Street Mortgage Bankers, Ltd. Dba Power Expre treated New Jersey applicants, 2018–2025 — 371 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
86.3%
320 approved
Denial rate
13.7%
51 denied
Decisions
371
2018–2025
Avg. rate spread
+0.74 pp
vs. market benchmark
86.3% approved
13.7% denied

Share of 371 New Jersey applications Wall Street Mortgage Bankers, Ltd. Dba Power Expre approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional86.5% of 349 · NJ 87%

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

Approval rate over time

73%79%85%91%97%77%86%81%97%100%85%78%84%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Wall Street Mortgage Bankers, Ltd. Dba Power Expre’s rates ran +0.48 pp higher than the typical New Jersey lender (average rate spread +0.74 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Wall Street Mortgage Bankers, Ltd. Dba Power Expre approves

By income
$75–100k87.1% · 31$100–150k85.7% · 91$150–250k84.6% · 104$250k+87.7% · 122
By debt-to-income
Under 36%86.4% · 16936–43%91.7% · 9643–50%86.9% · 84
By down payment (LTV)
20%+ down87.9% · 28010–20% down84.2% · 38

Why Wall Street Mortgage Bankers, Ltd. Dba Power Expre denied applications

Other29% of denialsDebt-to-income ratio18% of denialsCredit history18% of denialsIncomplete application16% of denialsCollateral (value/type)10% of denialsUnverifiable information6% of denials

Where Wall Street Mortgage Bankers, Ltd. Dba Power Expre lends in NJ

CountyDecisionsApproval
Monmouth County7989.9%
Bergen County7286.1%
Middlesex County5188.2%
Ocean County4283.3%
Hudson County2676.9%
Essex County2588.0%

Fees & closing costs

Median total loan costs
$12,944
home purchase
As % of loan
2.67%
NJ median 1.93%
Priced originations
200
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Wall Street Mortgage Bankers, Ltd. Dba Power Expre’s home-purchase originations — 0.73 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $7,999. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare Wall Street Mortgage Bankers, Ltd. Dba Power Expre to other lenders for your profile

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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 Wall Street Mortgage Bankers, Ltd. Dba Power Expre (LEI 549300E4YLQ3BVQ4GW30). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →