(From Table 11)

State and top 50 male and female origination levels, and the corresponding female-to-male origination ratios, appear consistent. The data shows that about 80% of all female applications are originated. For men, the results are similar.

Unlike the female-to-male application ratio, the female-to-male origination ratio is close to one-to-one for both the state totals and the top fifty. This suggests that, both in the state and among the top 50 institutions, female applicants as a whole—once their applications have been submitted—are as likely as their male counterparts to have their applications granted.

A number of the larger institutions are represented among the high-end outliers:

(From Table 11)

Are these larger institutions more favorable to women? Chase Manhattan Mortgage and Natwest Bank of New Jersey rank well above the origination ratio mean but below the application ratio mean—these institutions appear favorable to women once they submit applications, but the problem may be getting them in the door. Ocean Federal Savings ranks well above the application ratio mean and Midlantic Bank has the top application ratio overall, for both small and large institutions. These two larger institutions receive more female applications than their industry peers and originate loans to women at a higher rate. Longitudinal and geographic analysis would yield additional insight into their institutional lending patterns.

Table 11 ranks all of the top 50 institutions by total applications, female applications, female-to-male application ratio, total originations, female originations and female-to-male origination ratios.

The five institutions with both the highest total applications and originations were Chase Manhattan Mortgage Co. (4,177 applications, 3,220 originations). PNC Mortgage Corp. of America (3,558, 2,968), First Fidelity Bank N.A. (3,433, 2,621), Collective Bank (2,584, 2,247) and Summit Bank (2,577, 2,334). Most of these institutions performed well when gender was considered. Four ranked among the top five in applications received and mortgages originated to women, with Summit Bank dropping to the next-five tier and being replaced by United Jersey Bank. PNC, First Fidelity and Collective scored near, or exceeded the state and Top 50 mean on female-to-male application ratios (range of .20 - .30) and origination ratios (.95 - 1.00). While Chase was a low-end outlier on the female-to-male application ratio, this institution gave women their best chance, among the top five group, of their mortgages being made, with a female-to-male origination ratio of 1.05 which exceeded the state and Top 50 means.

The six outlier institutions among the top 50, with female-to-male originations ratios below .93 (statewide and top 50 means are .98), need some further discussion. This group includes (in order of highest to lowest female-to-male origination ratios): Commerce Bank NA (.87), Trust Company of NJ (.87), West Jersey Community Bank (.87), Corestates Mortgage Services (.86), Roma Federal Savings Bank (.80), and Minotola National Bank (.71). As previously stated, these institutions receive and make a relatively small amount of applications and originations respectively. However, because this group has female mortgage approval rates ranging from 6.6 to as many as 30.9 percentage points lower than the top 50, they should be examined more closely to determine why this occurs. The female origination rates for this group of six ranges from a low of 50% (Minotola) to a high of 74.3% (Roma). It should also be noted that most of this group also had origination rates for men lower than top 50 average, but the male rates were still substantially higher than the women’s. Interestingly, this group split evenly when compared to the top 50 female-to-male application ratio of .25. Among the three which fell below the standard, the lowest was the Trust Company of NJ which took in only 11 female applications for a F/M application ratio of .09.