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1ST PRIORITY MORTGAGE, INC.
Independent Mortgage Company|WILLIAMSVILLE, NY|Regional
Loans Originated
1,481
Applications
1,790
Volume
$420 million
Offers loans directly to consumers
Overall Pricing
Sound
Overall Pull Through
Strong
Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐VA Superstar⭐Purchase Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.228%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,298
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
82.7%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA loans
Report Card
1ST PRIORITY MORTGAGE, INC. performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Sound | Industry Standard | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Acceptable | Near industry average | |
Places Geographic coverage | Strong | Regional · 12 metro areas · 5 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$284,169
Average Borrower Income
$129,878
Average Property Value
$361,799
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Sound | Strong | 1,283 | 86.6% | +0.214% | $2,314 |
FHA Loans | Strong | Strong | Sound | Strong | 144 | 9.7% | +0.485% | $2,099 |
VA Loans | Strong | Strong | Sound | Exceptional | 46 | 3.1% | -0.266% | $2,373 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Sound | Strong | 1,457 | 98.4% | +0.229% | $2,289 |
Refinance | Acceptable | Acceptable | Sound | Acceptable | 24 | 1.6% | +0.167% | $2,884 |
Geographic Coverage
Metro Areas
11
States Served
5
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
CTFLNJNYPA
Top Metro Areas by Place Specialization Score
1
Buffalo, NYMSA
Volume: 439Mix: 29.64%
Place Specialization
Exceptional
2
Binghamton, NY, NYMSA
Volume: 100Mix: 6.75%
Place Specialization
Exceptional
3
Rochester, NY, NYMSA
Volume: 258Mix: 17.42%
Place Specialization
Strong
4
New York, NY-NJMSA
Volume: 164Mix: 11.07%
Place Specialization
Strong
5
Kiryas Joel, NYMSA
Volume: 63Mix: 4.25%
Place Specialization
Strong
6
Nassau County, NYMSA
Volume: 91Mix: 6.14%
Place Specialization
Strong
7
Syracuse, NY, NYMSA
Volume: 62Mix: 4.19%
Place Specialization
Strong
8
Elmira, NY, NYMSA
Volume: 22Mix: 1.49%
Place Specialization
Sound
9
Albany, NYMSA
Volume: 40Mix: 2.70%
Place Specialization
Sound
10
Ithaca, NY, NYMSA
Volume: 36Mix: 2.43%
Place Specialization
Sound
Showing 10 of 11 metro areas
Top States by Place Specialization Score
1
NYState
Volume: 1,401Mix: 94.60%
Place Specialization
Exceptional
2
NJState
Volume: 55Mix: 3.71%
Place Specialization
Sound
3
CTState
Volume: 10Mix: 0.68%
Place Specialization
Acceptable
4
FLState
Volume: 11Mix: 0.74%
Place Specialization
Acceptable
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
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.
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