Safe Rate Rankings

Best Conventional Mortgage Companie Lenders in Elgin

Updated June 4, 2026

Rankings are a starting point, not a verdict. Safe Rate recommends speaking with 2-3 lenders to find the right fit for your home loan!

⚖️ The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.

🛡️ No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

📊 HMDA 2024Built using publicly available originated loan data from the federal government.

🎯 Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.

Market

Total Lenders111

Total Loans9,323

Median Rate Spread0.40%

Elgin Market Insights

United Wholesale Mortgage is Safe Rate's top-ranked Conventional mortgage company in Elgin, leading on pricing, pullthrough, Conventional product expertise, and local knowledge.
There is often a pricing vs. pullthrough tradeoff in mortgage lending. In Elgin, Mutual of Omaha Mortgage and First State Mortgage Services scores highest on Conventional pricing while Rocket Mortgage and United Wholesale Mortgage leads on likelihood to close. That is why we encourage speaking with multiple lenders.
United Wholesale Mortgage (UWM) ranks #1 in Elgin, serving as the platform behind many independent local brokers who live and work in the community. A local broker knows the neighborhoods, the local market, and is personally invested in your outcome. Real estate agents often prefer referring local brokers for their accessibility and responsiveness, qualities that matter when a deal is moving fast. Pricing and experience can vary by broker.
Popular names in Elgin: Rocket Mortgage (#2) and Guaranteed Rate (#3).

Explore Rankings by Type

Overall Rankings

All lenders in Elgin

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★ Elgin Exclusive Offer ★

Get a personalized quote from Safe Rate Mortgage (NMLS #1590949). Competitive rates, easy process, and a personal touch.

Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	UNITED WHOLESALE MORTGAGE, LLC Independent Mortgage CompanyWholesale	Exceptional	Acceptable*	Exceptional	Exceptional	Exceptional	$1,815Fees	0.379%Above	620
2	ROCKET MORTGAGE, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Exceptional	Exceptional	$3,883Fees	0.393%Above	542
3	GUARANTEED RATE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,004Fees	0.367%Above	689
4	LOANDEPOT.COM, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Exceptional	$3,255Fees	0.713%Above	244
5	GUILD MORTGAGE COMPANY LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,597Fees	0.597%Above	446
6	FAIRWAY INDEPENDENT MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,953Fees	0.698%Above	242
7	GMFS LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Exceptional	Strong	$2,119Fees	0.365%Above	46
8	CROSSCOUNTRY MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$3,298Fees	0.720%Above	289
9	FIRST STATE MORTGAGE SERVICES, LLC Independent Mortgage CompanyDirect	Strong	Sound	Exceptional	Exceptional	Sound	$1,100Fees	0.496%Above	26
10	MUTUAL OF OMAHA MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Strong	Strong	Sound	Strong	$1,877Fees	0.523%Above	96
11	AMERICAN PACIFIC MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Mediocre	Exceptional	Strong	Exceptional	$2,911Fees	0.555%Above	224
12	TOWNE MORTGAGE COMPANY Independent Mortgage CompanyWholesale	Strong	Acceptable*	Exceptional	Strong	Strong	$1,519Fees	0.613%Above	64
13	COMPASS MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Strong	Strong	Exceptional	$2,426Fees	0.571%Above	173
14	LOWER, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Strong	$1,301Fees	0.605%Above	127
15	THE LOAN STORE, INC. Independent Mortgage CompanyWholesale	Strong	Acceptable*	Exceptional	Strong	Strong	$993Fees	0.397%Above	61
16	BAY EQUITY LLC Independent Mortgage CompanyDirect	Strong	Sound	Exceptional	Strong	Strong	$2,021Fees	0.223%Above	59
17	CMG MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Sound	$1,192Fees	0.456%Above	45
18	KEY MORTGAGE SERVICES, INC. Independent Mortgage CompanyDirect	Strong	Sound	Strong	Sound	Exceptional	$1,783Fees	0.331%Above	168
19	M/I FINANCIAL, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Strong	Strong	Exceptional	$3,529Fees	0.162%Above	161
20	MLD MORTGAGE INC. Independent Mortgage CompanyDirect	Strong	Sound	Strong	Strong	Sound	$1,438Fees	0.413%Above	27
21	NEWREZ LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Sound	Strong	$2,518Fees	0.507%Above	103
22	UNION HOME MORTGAGE CORP. Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Strong	$2,039Fees	0.645%Above	55
23	PLAZA HOME MORTGAGE, INC. Independent Mortgage CompanyWholesale	Strong	Sound*	Exceptional	Strong	Strong	$1,874Fees	0.382%Above	50
24	Servion, Inc. Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Strong	Strong	Sound	$1,095Fees	0.463%Above	23
25	NEW AMERICAN FUNDING, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Sound	Strong	$2,042Fees	0.540%Above	93
26	PENNYMAC LOAN SERVICES, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Sound	Strong	$585Fees	0.094%Above	52
27	A & N MORTGAGE SERVICES, INC. Independent Mortgage CompanyDirect	Strong	Sound	Strong	Strong	Sound	$1,297Fees	0.262%Above	32
28	GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Strong	$1,746Fees	0.409%Above	93
29	POINT MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Sound	Strong	Strong	Strong	$1,383Fees	0.356%Above	60
30	Prosperity Home Mortgage, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Sound	$1,751Fees	0.428%Above	24
31	NATIONSTAR MORTGAGE LLC Independent Mortgage CompanyDirect	Sound	Acceptable	Exceptional	Strong	Strong	$3,426Fees	0.581%Above	64
32	PLANET HOME LENDING, LLC Independent Mortgage CompanyDirect & Wholesale	Sound	Acceptable*	Strong	Strong	Sound	$1,037Fees	0.125%Above	34
33	AMERIHOME MORTGAGE COMPANY, LLC Independent Mortgage CompanyDirect & Wholesale	Sound	Sound*	Strong	Strong	Sound	$1,972Fees	0.420%Above	24
34	CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP Independent Mortgage CompanyDirect & Wholesale	Sound	Acceptable*	Exceptional	Strong	Sound	$2,612Fees	0.590%Above	23
35	FREEDOM MORTGAGE CORPORATION Independent Mortgage CompanyDirect & Wholesale	Sound	Sound*	Strong	Sound	Strong	$1,801Fees	0.633%Above	74
36	GUARANTEED RATE AFFINITY, LLC Independent Mortgage CompanyDirect	Sound	Acceptable	Exceptional	Sound	Strong	$2,122Fees	0.466%Above	61
37	Mortgage Research Center, LLC Independent Mortgage CompanyDirect	Sound	Acceptable	Strong	Sound	Strong	$2,207Credit	0.110%Above	95
38	PROPER RATE, LLC Independent Mortgage CompanyDirect	Sound	Sound	Strong	Sound	Strong	$1,400Fees	0.372%Above	44
39	AMERICAN FINANCIAL NETWORK, INC. Independent Mortgage CompanyDirect & Wholesale	Sound	Acceptable*	Exceptional	Strong	Sound	$2,540Fees	1.019%Above	22
40	RESICENTRAL, LLC Independent Mortgage CompanyWholesale	Sound	Sound*	Strong	Sound	Sound	$650Fees	0.487%Above	34
41	THE MORTGAGE LINK, INC. Independent Mortgage CompanyDirect	Sound	Acceptable	Strong	Strong	Sound	$3,689Fees	1.040%Above	36
42	GENEVA FINANCIAL, LLC Independent Mortgage CompanyDirect	Sound	Mediocre	Strong	Strong	Sound	$4,244Fees	0.862%Above	21
43	AMERICAN PORTFOLIO MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Sound	Acceptable	Strong	Sound	Sound	$3,010Fees	0.449%Above	30
44	SUCCESS MORTGAGE PARTNERS, INC. Independent Mortgage CompanyDirect	Sound	Mediocre	Strong	Sound	Sound	$3,973Fees	0.567%Above	25
45	UNITED HOME LOANS, INC. Independent Mortgage CompanyDirect	Sound	Acceptable	Sound	Sound	Sound	$1,695Fees	0.474%Above	25
46	THE ANDERSON FINANCIAL GROUP, INC. Independent Mortgage CompanyDirect	Sound	Sound	Sound	Acceptable	Strong	$1,454Fees	0.422%Above	36
47	CALCON MUTUAL MORTGAGE LLC Independent Mortgage CompanyDirect	Sound	Mediocre	Strong	Sound	Sound	$2,652Fees	0.837%Above	22
48	Click n' Close, Inc. Independent Mortgage CompanyDirect	Sound	Mediocre	Strong	Sound	Sound	$7,209Fees	1.890%Above	34
49	OCMBC, INC. Independent Mortgage CompanyWholesale	Sound	Mediocre*	Strong	Sound	Sound	$3,465Fees	1.296%Above	22

❓ Frequently Asked Questions

How are mortgage lenders ranked in Elgin, IL?+

Safe Rate ranks lenders using the 4 Ps framework, derived entirely from HMDA (Home Mortgage Disclosure Act) data: Pricing (how competitively a lender prices loans vs. the market benchmark), Pullthrough (how effectively a lender closes applications), Place (the lender's depth of expertise in Elgin, IL), and Product (performance on specific loan types). Each lender receives a composite Safe Rate Score from 0–100. No lender pays to appear in the rankings.

What is the Safe Rate Score?+

The Safe Rate Score is a 0–100 composite index measuring a lender's performance across Pricing, Pullthrough, Place, and Product. Scores of 80 or above earn Champion status; scores of 60–79 earn Superstar status. All scores are calculated from verified HMDA data — no lender can pay to improve their position.

How many mortgage lenders are active in Elgin, IL?+

Based on 2024 HMDA data, 111 lenders originated a combined 9,323 loans in Elgin, IL. Safe Rate's rankings evaluate all of them — not just a curated shortlist.

What does the rate spread tell me about a lender in Elgin, IL?+

Rate spread measures how much above the Average Prime Offer Rate (APOR) a lender charges. The median rate spread in Elgin, IL is 0.40%. Lenders in Safe Rate's top rankings consistently price below this median, meaning borrowers typically pay less interest over the life of their loan.

What is HMDA data and why does Safe Rate use it?+

HMDA (Home Mortgage Disclosure Act) is a federal law requiring every mortgage lender to disclose every loan application annually — including rates, amounts, approvals, and denials. Safe Rate uses HMDA because it is government-verified, covers all lenders equally, and cannot be gamed. It is the most objective foundation available for lender rankings.

Does Safe Rate accept payment from lenders to appear in rankings?+

No. Safe Rate rankings are strictly data-driven. No lender can pay to appear in or improve their position in Safe Rate's rankings. The only factor that determines a lender's rank is their verified HMDA performance data.

What is the difference between a bank, credit union, and independent mortgage company?+

Banks and credit unions offer mortgages alongside checking, savings, and other products. Independent Mortgage Companies (IMCs) focus exclusively on originating loans and often offer more product variety and speed. In Elgin, IL's rankings, all three institution types are evaluated on the same HMDA performance metrics.

How We Rank Lenders

Our rankings use a weighted average of scores across equally-weighted categories to evaluate lenders on a linear, raw performance scale.

Our Point System (Max 40 Points)

Pricing

Rate and fee competitiveness (25%)

Pull Through

Reliability in closing loans (25%)

Product

Specialization in the loan type (25%)

Place

Local market expertise (25%)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

⚖️ Licensing & Disclosures

Lender rankings and market statistics are created by Dylan Hall, licensed mortgage loan officer (NMLS #1658740). Safe Rate is a mortgage technology platform; mortgage lending services are provided by PartnerOwn LLC dba Safe Rate Mortgage, a licensed mortgage broker and lender (NMLS #1590949). Safe Rate Mortgage is a lending partner of some of the lenders ranked on this page, and Safe Rate Inc. has software or service customers on this list; however, all rankings are calculated using objective, public Home Mortgage Disclosure Act (HMDA) datasets, completely independent of any corporate partnerships, client relationships, or compensation.