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AMERICAN FINANCIAL RESOURCES, INC.
Independent Mortgage Company|Parsippany-Troy Hills, NJ|National
Loans Originated
3,671
Applications
5,479
Volume
$1 billion
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Acceptable
Overall Pull Through
Sound
Pricing and Pullthrough Overview
Average Rate Spread
+0.624%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,317
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
67.0%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Particularly strong in Conventional and FHA and VA and USDA loans
- Nationwide availability with consistent service
Things to Think About
- Rates typically 62 basis points above market average
Report Card
AMERICAN FINANCIAL RESOURCES, INC. performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Exceptional | Market Leader | |
VA | Strong | Highly Competitive | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | National · 50 metro areas · 49 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$291,434
Average Borrower Income
$123,791
Average Property Value
$363,300
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Sound | 1,517 | 41.3% | +0.430% | $2,903 |
FHA Loans | Sound | Exceptional | Acceptable | Strong | 1,527 | 41.6% | +0.949% | $3,498 |
VA Loans | Acceptable | Strong | Mediocre | Sound | 418 | 11.4% | +0.025% | $4,336 |
USDA Loans | Sound | Exceptional | Mediocre | Strong | 206 | 5.6% | +0.560% | $2,485 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Acceptable | Sound | 3,065 | 83.5% | +0.652% | $3,218 |
Refinance | Sound | Strong | Acceptable | Sound | 606 | 16.5% | +0.497% | $3,759 |
Geographic Coverage
Metro Areas
49
States Served
49
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
AKALARAZCACOCTDCDEFLGAIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVOHOKORPARISCSDTNTXUTVAVTWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Cincinnati, OHMSA
Volume: 155Mix: 4.22%
Place Specialization
Strong
2
Louisville/Jefferson County, KY, KY-INMSA
Volume: 102Mix: 2.78%
Place Specialization
Strong
3
Charlotte, NC-SCMSA
Volume: 69Mix: 1.88%
Place Specialization
Sound
4
Dothan, AL, ALMSA
Volume: 23Mix: 0.63%
Place Specialization
Sound
5
Atlanta, GAMSA
Volume: 79Mix: 2.15%
Place Specialization
Sound
6
Phoenix, AZMSA
Volume: 88Mix: 2.40%
Place Specialization
Sound
7
Knoxville, TN, TNMSA
Volume: 46Mix: 1.25%
Place Specialization
Sound
8
Springfield, MO, MOMSA
Volume: 33Mix: 0.90%
Place Specialization
Sound
9
Jacksonville, FL, FLMSA
Volume: 43Mix: 1.17%
Place Specialization
Sound
10
Lake Charles, LA, LAMSA
Volume: 21Mix: 0.57%
Place Specialization
Sound
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
KYState
Volume: 191Mix: 5.20%
Place Specialization
Strong
2
FLState
Volume: 374Mix: 10.19%
Place Specialization
Strong
3
TNState
Volume: 177Mix: 4.82%
Place Specialization
Strong
4
OHState
Volume: 216Mix: 5.88%
Place Specialization
Strong
5
ALState
Volume: 115Mix: 3.13%
Place Specialization
Strong
6
LAState
Volume: 131Mix: 3.57%
Place Specialization
Strong
7
NJState
Volume: 119Mix: 3.24%
Place Specialization
Strong
8
GAState
Volume: 159Mix: 4.33%
Place Specialization
Strong
9
PAState
Volume: 149Mix: 4.06%
Place Specialization
Strong
10
VAState
Volume: 126Mix: 3.43%
Place Specialization
Strong
Showing 10 of 41 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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