Applications / Mortgage Analytics / Lenders / Florida / NQM Funding
Boca Raton, FL · Independent non-bank lender · CFPB · 2,542 loans in 2025
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2,542
loans originated, 2025
4,063
applications, 2025
47
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
NQM Funding, a non-bank lender in Boca Raton, Florida, makes large conventional loans: its typical loan in 2025 was $465,000, larger than at about nine in ten similar lenders.
Conventional loans made up 94.1% of its lending, against 68.1% at the typical similar lender, meaning independent non-bank lenders making between half and twice as many loans. Jumbo loans, larger than the conforming limit, were 14.3%, against 1.1%; only about one peer in fifty had a higher share.
In 2020 about half its loans were government-backed: 37.9% guaranteed by the Department of Veterans Affairs and 12.9% insured by the Federal Housing Administration. In 2025 those shares were 2.0% and 3.9%. Its typical loan rose from $255,000 to $465,000 over the same years.
Low- and moderate-income (LMI) borrowers took 12.4% of its loans, against 28.4% at the typical peer, a lower share than at almost nine in ten of them. A lender of large loans may simply draw higher-income borrowers. Its share of loans in LMI neighborhoods, 18.5%, was close to peers' 19.1%.
Its loans rose 12% to 2,542, close to the 10% at both the typical similar lender and the whole market. It lends in 47 states. In Port St. Lucie, Florida, it ranked 20 of 559, and its share rose from 0.6% to 1.0%.
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, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. NQM Funding took 4,063 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 72.0% · Refinance 28.0%
Conventional 94.1% · FHA 3.9% · VA 2.0% · USDA (RHS or FSA) 0.1% · of 2,542 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 |
|---|---|---|
| Florida | 640 | 25.2% |
| California | 361 | 14.2% |
| New York | 343 | 13.5% |
| New Jersey | 236 | 9.3% |
| Texas | 128 | 5.0% |
| Georgia | 98 | 3.9% |
| Arizona | 69 | 2.7% |
| Illinois | 63 | 2.5% |
| Pennsylvania | 63 | 2.5% |
| Massachusetts | 60 | 2.4% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| New York-Jersey City-White Plains | 199 |
| West Palm Beach-Boca Raton-Delray Beach | 172 |
| Nassau County-Suffolk County | 142 |
| Lakewood-New Brunswick | 118 |
| Port St. Lucie | 98 |
| Los Angeles-Long Beach-Glendale | 90 |
| Fort Lauderdale-Pompano Beach-Sunrise | 87 |
| Miami-Miami Beach-Kendall | 71 |
| St. Louis | 71 |
| Atlanta-Sandy Springs-Roswell | 59 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 2549004Z576VEJBK3N72 | 2018–2025 |
Established 30 October 2023. Reported under HMDA 2018-2025.
Mergers, name changes, data editions and corrections: NQM Funding's data.
NQM Funding's data
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NQM 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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