Applications / Mortgage Analytics / Lenders / New Jersey / New Millennium Bank
Fort Lee, NJ · State non-member bank · FDIC · $953 million assets · 102 loans in 2025
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102
loans originated, 2025
109
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
New Millennium Bank, of Fort Lee, makes large home-purchase loans, and more than half go to majority-minority neighborhoods.
Purchases made up 94.1% of its 102 loans in 2025. Its typical loan was $545,000, against $175,000 at similar banks, meaning state non-member banks making between half and twice as many loans. Fewer than one in twenty of them make larger loans.
Majority-minority neighborhoods took 55.9% of its loans, against 5.9% at similar banks, a higher share than at almost all of them. Low- and moderate-income borrowers took only 5.2%, against 27.4%. Its loan size is one possible reason, since a $545,000 loan needs a large income. Its focus on home purchases in the New York metro area, its largest market, may be another.
It made 104 loans in 2024 and 102 in 2025, a fall of 2% while similar banks grew 9%. The 393 loans it reported in 2022 are far above any other year on record, and the data do not say why. It filed no report for 2018, 2020 or 2021; those are gaps in the record, not years without lending.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2019–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. New Millennium Bank took 109 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 94.1% · Refinance 3.9% · Other 2.0%
Conventional 100.0% · of 102 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| New York | 87 | 85.3% |
| New Jersey | 15 | 14.7% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| New York-Jersey City-White Plains | 74 |
| Nassau County-Suffolk County | 15 |
| Lakewood-New Brunswick | 7 |
| Newark | 3 |
| Kiryas Joel-Poughkeepsie-Newburgh | 2 |
| Camden | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900CUWSNZ9IXV1Z27 | 2019–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 2833882 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 335151 | 2003–2016 |
Established 19 July 1999. Reported under HMDA 2003-2025.
Mergers, name changes, data editions and corrections: New Millennium Bank's data.
New Millennium Bank's data
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