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Ameritrust Mortgage Corporation
Independent Mortgage Company•SPRINGFIELD, IL•Direct to Consumer
We analyzed every closed loan from Ameritrust Mortgage — 1.0k loans across 2k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Mediocre
vs. all lenders
Pull Through
Sound
closing strength
Products
Strong
FHA · Conventional · VA · Jumbo
Place
Sound
Near-National · 14 mkts
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Safe Rate's Summary
What They Do Well
- Particularly strong in FHA and Jumbo loans
- Nationwide availability with consistent service
Things to Think About
- Rates typically 79 basis points above market average
- Higher than average fees ($4,223)
Explore another lender or local market
Report Card
Ameritrust Mortgage Corporation performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Below peers +79.0 bps above market avg | |
Pull Through Closing strength | Industry Standard Top 60% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Industry Standard Top 60% of lenders | |
FHA | Highly Competitive Top 40% of lenders | |
VA | Industry Standard Top 60% of lenders | |
Jumbo | Highly Competitive Top 40% of lenders | |
By Loan Purpose· Transaction purpose mix | ||
Purchase | Highly Competitive Top 40% of lenders | |
Refinance | Industry Standard Top 60% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Industry Standard Top 60% of lenders Near-National15 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 541 | 52.5% | +0.588%Above | $3,610Fees | ||||
FHA Loans | 362 | 35.1% | +1.067%Above | $5,445Fees | ||||
VA Loans | — | 24 | 2.3% | +0.270%Above | $2,694Fees | |||
Jumbo Loans | 102 | 9.9% | +0.858%Above | $1,485Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 819 | 79.5% | +0.821%Above | $4,882Fees | ||||
Refinance | 211 | 20.5% | +0.645%Above | $1,199Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,030
Applications
1,651
Volume
$617 million
Pricing & Closing
Avg Rate Spread
+0.790%
vs. market APOR
Avg Net Fees
$4,223
Origination − Credits
Pullthrough Rate
62.4%
Applications → Closed
Typical Borrower
Avg Loan Amount
$599,039
Avg Borrower Income
$267,101
Avg Property Value
$796,369
Geographic Coverage
Geographic Performance
Metro Areas
14
States Served
28
We count Washington DC as a state
Avg Place Specialization
States with Loan Originations
ALARAZCACOCTFLGAIDILLAMDMIMNMSNCNJNVOHOKORPASCTNTXUTWAWI
Top Metro Areas by Place Specialization Score
1
Oakland, CAMSA
Volume: 113Mix: 10.97%of portfolio
Place
Strong2
Tampa, FL, FLMSA
Volume: 120Mix: 11.65%of portfolio
Place
Strong3
Los Angeles, CAMSA
Volume: 136Mix: 13.20%of portfolio
Place
Strong4
Stockton, CAMSA
Volume: 55Mix: 5.34%of portfolio
Place
Strong5
Riverside, CAMSA
Volume: 106Mix: 10.29%of portfolio
Place
Strong6
Anaheim, CAMSA
Volume: 45Mix: 4.37%of portfolio
Place
Sound7
San Francisco, CAMSA
Volume: 33Mix: 3.20%of portfolio
Place
Sound8
Baton Rouge, LA, LAMSA
Volume: 34Mix: 3.30%of portfolio
Place
Sound9
San Jose, CAMSA
Volume: 23Mix: 2.23%of portfolio
Place
Sound10
Sacramento, CAMSA
Volume: 20Mix: 1.94%of portfolio
Place
SoundShowing 10 of 14 metro areas
Top States by Place Specialization Score
1
CAState
Volume: 594Mix: 57.67%of portfolio
Place
Strong2
FLState
Volume: 184Mix: 17.86%of portfolio
Place
Strong3
LAState
Volume: 48Mix: 4.66%of portfolio
Place
Sound4
TXState
Volume: 43Mix: 4.17%of portfolio
Place
Sound5
GAState
Volume: 26Mix: 2.52%of portfolio
Place
Sound6
NVState
Volume: 14Mix: 1.36%of portfolio
Place
Sound7
AZState
Volume: 14Mix: 1.36%of portfolio
Place
Sound8
NJState
Volume: 13Mix: 1.26%of portfolio
Place
Sound9
NCState
Volume: 10Mix: 0.97%of portfolio
Place
AcceptableHow 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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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.