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Atlantic Bay Mortgage Group

Independent Mortgage Company•Virginia Beach, VAHQ•Direct•Reviews near you on Google

Atlantic Bay Mortgage Group's 11.1k closed loans and 14k applications, benchmarked against peer lenders across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Acceptable
2/5
vs. all lenders
Pull-through
Exceptional
5/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · Jumbo · USDA
Place
Strong
4/5
Multi-Region · 49 mkts
Safe Rate Awards
Conventional Superstar
Conventional
Superstar
FHA Superstar
FHA
Superstar
VA Superstar
VA
Superstar
Jumbo Superstar
Jumbo
Superstar
USDA Superstar
USDA
Superstar
Purchase Superstar
Purchase
Superstar

Safe Rate Summary

What They Do Well

  • Strong pull through performance
  • High volume lender with significant market experience
  • Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans

Things to Think About

  • Pricing may be below industry average

Explore another lender or local market

Report Card

Atlantic Bay Mortgage Group performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+37.6 bps above market avg
Pull Through
Closing strength
Exceptional
Top 20% of lenders
By Loan Product· Specialization by type
Conventional
Exceptional
Top 20% of lenders
FHA
Exceptional
Top 20% of lenders
VA
Exceptional
Top 20% of lenders
Jumbo
Exceptional
Top 20% of lenders
USDA
Exceptional
Top 10% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Exceptional
Top 10% of lenders
Refinance
Strong
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 50 markets
Strong
Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Strong
Product
Exceptional
Pricing
Acceptable
Pull Through
Exceptional
Volume6,294
Mix56.6%
Spread
+0.367%Above
Fees
$3,412Fees
FHA Loans
Overall
Strong
Product
Exceptional
Pricing
Acceptable
Pull Through
Exceptional
Volume2,689
Mix24.2%
Spread
+0.693%Above
Fees
$3,555Fees
VA Loans
Overall
Strong
Product
Exceptional
Pricing
Acceptable
Pull Through
Exceptional
Volume1,719
Mix15.5%
Spread
-0.222%Below
Fees
$2,954Fees
Jumbo Loans
Overall
Strong
Product
Exceptional
Pricing
Acceptable
Pull Through
Strong
Volume166
Mix1.5%
Spread
+0.246%Above
Fees
$2,601Fees
USDA Loans
Overall
Strong
Product
Exceptional
Pricing
Mediocre
Pull Through
Strong
Volume254
Mix2.3%
Spread
+0.440%Above
Fees
$2,987Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Strong
Product
Exceptional
Pricing
Acceptable
Pull Through
Exceptional
Volume10,429
Mix93.8%
Spread
+0.380%Above
Fees
$3,353Fees
Refinance
Overall
Sound
Product
Strong
Pricing
Acceptable
Pull Through
Strong
Volume693
Mix6.2%
Spread
+0.321%Above
Fees
$3,704Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
11,122
Applications
13,940
Volume
$3 billion
Pricing & Closing
Avg Rate Spread
+0.376%
vs. market APOR
Avg Net Fees
$3,377
Origination − Credits
Pullthrough Rate
79.8%
Applications → Closed
Typical Borrower
Avg Loan Amount
$337,625
Avg Borrower Income
$137,372
Avg Property Value
$417,190

Geographic Coverage

Geographic Performance

Metro Areas
49
markets with activity
States Served
16
of 50 states + DC
Avg Place Specialization
Strong
4/5

States with Loan Originations

16
16 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Northeast2
NJPA
Midwest1
IN
South13
ALDCDEFLGAKYMDNCSCTNTXVAWV

Top Metro Areas by Place Specialization Score

1© Greyfiveys · CC BY-SA 4.0
Virginia Beach, VA-NCMetro
Volume 1,813Mix 16.30% of portfolio
100/100
Exceptional
2© Vladsinger · CC BY-SA 4.0
Roanoke, VAMetro
Volume 396Mix 3.56% of portfolio
100/100
Exceptional
3© Nationwide Specialty Co., Arlington, Texas · Public domain
Bowling Green, KYMetro
Volume 276Mix 2.48% of portfolio
100/100
Exceptional
4© Manteo2murphy · CC BY-SA 4.0
Goldsboro, NCMetro
Volume 156Mix 1.40% of portfolio
100/100
Exceptional
5© DiscoA340 · CC BY-SA 4.0
Winston, NCMetro
Volume 604Mix 5.43% of portfolio
99/100
Exceptional
6© Kee1992 · CC BY-SA 4.0
Rocky Mount, NCMetro
Volume 112Mix 1.01% of portfolio
94/100
Exceptional
7© Bjoertvedt · CC BY-SA 4.0
Wilmington, NCMetro
Volume 351Mix 3.16% of portfolio
93/100
Exceptional
8© Warren LeMay from Cullowhee, NC, United States · CC0
Greensboro, NCMetro
Volume 516Mix 4.64% of portfolio
93/100
Exceptional
9© chucka_nc · CC BY-SA 2.0
Charlotte, NC-SCMetro
Volume 1,097Mix 9.86% of portfolio
92/100
Exceptional
10© Jud McCranie · CC BY-SA 4.0
Warner Robins, GAMetro
Volume 173Mix 1.56% of portfolio
91/100
Exceptional
Showing 10 of 49 metro areas

Top States by Place Specialization Score

Virginia
Virginia
1
VirginiaState
Volume 3,596Mix 32.33% of portfolio
100/100
Exceptional
North Carolina
North Carolina
2
North CarolinaState
Volume 4,640Mix 41.72% of portfolio
93/100
Exceptional
South Carolina
South Carolina
3
South CarolinaState
Volume 838Mix 7.53% of portfolio
85/100
Exceptional
Georgia
Georgia
4
GeorgiaState
Volume 883Mix 7.94% of portfolio
79/100
Strong
Kentucky
Kentucky
5
KentuckyState
Volume 463Mix 4.16% of portfolio
79/100
Strong
Maryland
Maryland
6
MarylandState
Volume 190Mix 1.71% of portfolio
65/100
Strong
Alabama
Alabama
7
AlabamaState
Volume 141Mix 1.27% of portfolio
65/100
Strong
Florida
Florida
8
FloridaState
Volume 202Mix 1.82% of portfolio
57/100
Sound
Washington, DC
Washington, DC
9
Washington, DCState
Volume 25Mix 0.22% of portfolio
51/100
Sound
Indiana
Indiana
10
IndianaState
Volume 41Mix 0.37% of portfolio
48/100
Sound
Showing 10 of 12 states

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
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 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
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.