# SUMMIT MORTGAGE BANKERS INC.

> **Canonical URL:** https://saferate.com/lenders/summit-mortgage-bankers


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


SUMMIT MORTGAGE BANKERS INC. is a independent mortgage company, headquartered in NEW YORK, NY, serving borrowers across 5 states, with 479 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 58% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 32% for loan approval success

## Overview

- **Institution Type:** Independent Mortgage Company
- **LEI (Legal Entity Identifier):** 549300QPD4M26VIOFU53
- **Headquarters:** NEW YORK, NY
- **Geographic Reach:** Regional
- **States Served:** 5
- **State List:** CA, NJ, NY, PA, TX
- **Markets (MSAs):** 9
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 42/100
- Rating: ●●●○○ (3/5)

### Pull Through: Strong 😀
- Score: 68/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.109%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,956
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 479
- **Dollar Volume:** $262 million
- **Applications Received:** 538
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $547,630
- **Average Borrower Income:** $222,146
- **Average Property Value:** $954,374

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 54/100 | 467 | +0.108% | $2,995 | Sound ☺️ |
| Jumbo | 42/100 | 12 | +0.150% | $1,601 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 398 loans, Score: 54/100 (Sound)
- Refinance: 69 loans, Score: 52/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 53/100 | 408 | $224M | +0.121% | Sound ☺️ |
| Refinance | 50/100 | 71 | $39M | +0.040% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| NY | 291 | 0.26% | 77/100 |
| CA | 103 | 0.04% | 59/100 |
| NJ | 82 | 0.10% | 65/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| New York | NY-NJ | 248 | 80/100 |
| Nassau County | NY | 63 | 64/100 |
| Los Angeles | CA | 36 | 55/100 |
| Lakewood | NJ | 28 | 55/100 |
| Riverside | CA | 18 | 47/100 |
| Anaheim | CA | 15 | 47/100 |
| Newark, NJ | NJ | 15 | 47/100 |
| San Jose | CA | 13 | 46/100 |
| Oakland | CA | 12 | 44/100 |

## Where This Lender Ranks

SUMMIT MORTGAGE BANKERS INC. appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#9** in New York Mortgage Companies
  - [View Full Rankings](https://saferate.com/new-york/best-mortgage-lenders/mortgage-companies)
- 🏆 **#12** in Nassau County Mortgage Companies
  - [View Full Rankings](https://saferate.com/nassau-county/best-mortgage-lenders/mortgage-companies)
- 🏆 **#17** in New York Mortgage Companies
  - [View Full Rankings](https://saferate.com/new-york-state/best-mortgage-lenders/mortgage-companies)
- 🏆 **#18** in Nassau County for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/nassau-county/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🏆 **#20** in New York for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/new-york/best-mortgage-lenders/mortgage-companies/conventional-loans)

## Frequently Asked Questions

### What loan types does SUMMIT MORTGAGE BANKERS INC. offer?

SUMMIT MORTGAGE BANKERS INC. offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does SUMMIT MORTGAGE BANKERS INC. offer mortgages?

SUMMIT MORTGAGE BANKERS INC. offers mortgages in 5 states: CA, NJ, NY, PA, TX.

### How competitive are SUMMIT MORTGAGE BANKERS INC.'s mortgage rates?

SUMMIT MORTGAGE BANKERS INC. has a pricing score of 42/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.109% above market average.

### What type of lender is SUMMIT MORTGAGE BANKERS INC.?

SUMMIT MORTGAGE BANKERS INC. is a non-depository lender that specializes in mortgage origination, headquartered in NEW YORK, NY.

### What is SUMMIT MORTGAGE BANKERS INC.'s loan approval success rate?

SUMMIT MORTGAGE BANKERS INC. has a pull-through score of 68/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/summit-mortgage-bankers

### How to Cite

> "SUMMIT MORTGAGE BANKERS INC. Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/summit-mortgage-bankers

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