Applications / Mortgage Analytics / Lenders / New York / Emigrant Funding
New York, NY · Non-bank affiliate of a holding company · CFPB · 60 loans in 2025
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60
loans originated, 2025
96
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Emigrant Funding is a small New York lender of unusually large loans: its typical loan of $805,000 was the biggest among similar lenders.
It made 60 loans in 2025, against 62 the year before. Its typical loan rose from $655,000 to $805,000, while similar lenders, affiliates of the same type making between a quarter and four times as many loans, had a typical loan of $315,000. So it lent $54.0 million in all, more than most of those peers despite making fewer loans.
Purchases were 51.7% of its loans and refinancing 40.0%, with home improvement making up the rest. All were conventional loans, with no government guarantee. Its peers made 9.6% of their loans with insurance from the Federal Housing Administration; it made none.
Of its loans, 45.0% went to majority-minority neighborhoods, against 25.1% for its peers, and 26.7% to low- and moderate-income neighborhoods, against 18.4%. Both shares were higher than at most similar lenders. Its concentration in the New York market, where it ranked 256 of 802 lenders, is a plausible reason.
It has reported since 1990 and lends in 3 states. Its yearly loans have stayed between 58 and 67 since 2022, down from 103 in 2018. With about 60 loans a year, its shares of particular borrower groups can swing from one year to the next.
Similar lenders: same lender type, originations between a quarter and four times the lender's. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Emigrant Funding took 96 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 51.7% · Refinance 40.0% · Home improvement 8.3%
Conventional 100.0% · of 60 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 | 53 | 88.3% |
| New Jersey | 6 | 10.0% |
| Florida | 1 | 1.7% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| New York-Jersey City-White Plains | 53 |
| Nassau County-Suffolk County | 4 |
| Lakewood-New Brunswick | 1 |
| Newark | 1 |
| Panama City-Panama City Beach | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300HG6U7GIJKDOO88 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 2318437 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 3133465439 |
Established 10 May 1988. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Emigrant Funding's data.
Emigrant Funding's data
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Emigrant Funding and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
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