Part II presents a novel approach for predicting dynamic coefficients for a tilting pad journal bearing (TPJB) using computational fluid dynamics (CFD) and finite element method (FEM), including fully coupled elastic deflection, heat transfer, and fluid dynamics. Part I presented a similarly novel, high fidelity approach for TPJB static response prediction which is a prerequisite for the dynamic characteristic determination. The static response establishes the equilibrium operating point values for eccentricity, attitude angle, deflections, temperatures, pressures, etc. The stiffness and damping coefficients are obtained by perturbing the pad and journal motions about this operating point to determine changes in forces and moments. The stiffness and damping coefficients are presented in “synchronously reduced form” as required by American Petroleum Institute (API) vibration standards. Similar to Part I, an advanced three-dimensional thermal—Reynolds equation code validates the CFD code for the special case when flow Between Pad (BP) regions is ignored, and the CFD and Reynolds pad boundary conditions are made identical. The results show excellent agreement for this validation case. Similar to the static response case, the dynamic characteristics from the Reynolds model show large discrepancies compared with the CFD results, depending on the Reynolds mixing coefficient (MC). The discrepancies are a concern given the key role that stiffness and damping coefficients serve instability and response predictions in rotordynamics software. The uncertainty of the MC and its significant influence on static and dynamic response predictions emphasizes a need to utilize the CFD approach for TPJB simulation in critical machines.