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ABSOLUTE HOME MORTGAGE CORPORATION
Independent Mortgage Company|Fairfield, NJ|Multi-Region
Loans Originated
2,882
Applications
4,132
Volume
$1 billion
Offers loans directly to consumers
Overall Pricing
Mediocre
Overall Pull Through
Strong
Pricing and Pullthrough Overview
Average Rate Spread
+0.545%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,620
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
69.7%
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
Things to Think About
- Rates typically 55 basis points above market average
Report Card
ABSOLUTE HOME MORTGAGE CORPORATION performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Mediocre | Below peers | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Exceptional | Market Leader | |
VA | Strong | Highly Competitive | |
Jumbo | Sound | Industry Standard | |
USDA | Sound | Industry Standard | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | Multi-Regional · 30 metro areas · 24 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$353,845
Average Borrower Income
$136,865
Average Property Value
$435,163
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Sound | 1,762 | 61.1% | +0.425% | $3,415 |
FHA Loans | Sound | Exceptional | Mediocre | Strong | 981 | 34.0% | +0.773% | $3,933 |
VA Loans | Sound | Strong | Mediocre | Strong | 104 | 3.6% | +0.125% | $4,435 |
Jumbo Loans | Acceptable | Sound | N/A | Acceptable | 14 | 0.5% | +0.105% | $1,634 |
USDA Loans | Acceptable | Sound | N/A | Acceptable | 21 | 0.7% | +0.768% | $3,039 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Acceptable | Strong | 2,635 | 91.4% | +0.555% | $3,614 |
Refinance | Acceptable | Strong | Mediocre | Sound | 247 | 8.6% | +0.426% | $3,697 |
Geographic Coverage
Metro Areas
29
States Served
24
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
ALAZCACODEFLGAILMAMDMEMINCNHNJNYOHPASCTNTXVAVTWV
Top Metro Areas by Place Specialization Score
1
Newark, NJ, NJMSA
Volume: 364Mix: 12.63%
Place Specialization
Exceptional
2
Camden, NJ, NJMSA
Volume: 415Mix: 14.40%
Place Specialization
Exceptional
3
Lakewood, NJMSA
Volume: 399Mix: 13.84%
Place Specialization
Exceptional
4
West Palm Beach, FLMSA
Volume: 144Mix: 5.00%
Place Specialization
Strong
5
New York, NY-NJMSA
Volume: 244Mix: 8.47%
Place Specialization
Strong
6
Trenton, NJMSA
Volume: 52Mix: 1.80%
Place Specialization
Strong
7
Allentown, PA-NJMSA
Volume: 84Mix: 2.91%
Place Specialization
Strong
8
Philadelphia, PA, PAMSA
Volume: 113Mix: 3.92%
Place Specialization
Strong
9
Scranton, PAMSA
Volume: 51Mix: 1.77%
Place Specialization
Strong
10
Wilmington, DEMSA
Volume: 64Mix: 2.22%
Place Specialization
Strong
Showing 10 of 29 metro areas
Top States by Place Specialization Score
1
NJState
Volume: 1,540Mix: 53.44%
Place Specialization
Exceptional
2
PAState
Volume: 301Mix: 10.44%
Place Specialization
Strong
3
FLState
Volume: 471Mix: 16.34%
Place Specialization
Strong
4
NYState
Volume: 233Mix: 8.08%
Place Specialization
Strong
5
DEState
Volume: 73Mix: 2.53%
Place Specialization
Strong
6
OHState
Volume: 58Mix: 2.01%
Place Specialization
Sound
7
SCState
Volume: 43Mix: 1.49%
Place Specialization
Sound
8
TNState
Volume: 44Mix: 1.53%
Place Specialization
Sound
9
NCState
Volume: 33Mix: 1.15%
Place Specialization
Sound
10
GAState
Volume: 23Mix: 0.80%
Place Specialization
Sound
Showing 10 of 11 states
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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