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Atlantic Bay Mortgage Group, L.l.c.
Independent Mortgage Company•VIRGINIA BEACH, VA•Direct to Consumer
Atlantic Bay Mortgage Group's 11.1k closed loans and 14k applications, benchmarked against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Acceptable
vs. all lenders
Pull Through
Exceptional
closing strength
Products
Exceptional
FHA · Conventional · VA · Jumbo · USDA
Place
Strong
Multi-Region · 49 mkts
Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐VA Superstar⭐Purchase Superstar
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Safe Rate's 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, L.l.c. performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Near industry average +37.6 bps above market avg | |
Pull Through Closing strength | Market Leader Top 20% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Market Leader Top 20% of lenders | |
FHA | Market Leader Top 20% of lenders | |
VA | Market Leader Top 20% of lenders | |
Jumbo | Market Leader Top 20% of lenders | |
USDA | Market Leader Top 10% of lenders | |
By Loan Purpose· Transaction purpose mix | ||
Purchase | Market Leader Top 10% of lenders | |
Refinance | Highly Competitive Top 40% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Highly Competitive Top 40% of lenders Multi-Regional50 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 6,294 | 56.6% | +0.367%Above | $3,412Fees | ||||
FHA Loans | 2,689 | 24.2% | +0.693%Above | $3,555Fees | ||||
VA Loans | 1,719 | 15.5% | -0.222%Below | $2,954Fees | ||||
Jumbo Loans | 166 | 1.5% | +0.246%Above | $2,601Fees | ||||
USDA Loans | 254 | 2.3% | +0.440%Above | $2,987Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 10,429 | 93.8% | +0.380%Above | $3,353Fees | ||||
Refinance | 693 | 6.2% | +0.321%Above | $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
States Served
16
We count Washington DC as a state
Avg Place Specialization
States with Loan Originations
ALDCDEFLGAINKYMDNCNJPASCTNTXVAWV
Top Metro Areas by Place Specialization Score
1
Virginia Beach, VA-NCMSA
Volume: 1,813Mix: 16.30%of portfolio
Place
Exceptional2
Roanoke, VA, VAMSA
Volume: 396Mix: 3.56%of portfolio
Place
Exceptional3
Bowling Green, KY, KYMSA
Volume: 276Mix: 2.48%of portfolio
Place
Exceptional4
Goldsboro, NC, NCMSA
Volume: 156Mix: 1.40%of portfolio
Place
Exceptional5
Winston, NCMSA
Volume: 604Mix: 5.43%of portfolio
Place
Exceptional6
Rocky Mount, NC, NCMSA
Volume: 112Mix: 1.01%of portfolio
Place
Exceptional7
Wilmington, NC, NCMSA
Volume: 351Mix: 3.16%of portfolio
Place
Exceptional8
Greensboro, NCMSA
Volume: 516Mix: 4.64%of portfolio
Place
Exceptional9
Charlotte, NC-SCMSA
Volume: 1,097Mix: 9.86%of portfolio
Place
Exceptional10
Warner Robins, GA, GAMSA
Volume: 173Mix: 1.56%of portfolio
Place
ExceptionalShowing 10 of 49 metro areas
Top States by Place Specialization Score
1
VAState
Volume: 3,596Mix: 32.33%of portfolio
Place
Exceptional2
NCState
Volume: 4,640Mix: 41.72%of portfolio
Place
Exceptional3
SCState
Volume: 838Mix: 7.53%of portfolio
Place
Exceptional4
GAState
Volume: 883Mix: 7.94%of portfolio
Place
Strong5
KYState
Volume: 463Mix: 4.16%of portfolio
Place
Strong6
MDState
Volume: 190Mix: 1.71%of portfolio
Place
Strong7
ALState
Volume: 141Mix: 1.27%of portfolio
Place
Strong8
FLState
Volume: 202Mix: 1.82%of portfolio
Place
Sound9
DCState
Volume: 25Mix: 0.22%of portfolio
Place
Sound10
INState
Volume: 41Mix: 0.37%of portfolio
Place
SoundShowing 10 of 12 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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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.