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BAYSHORE MORTGAGE FUNDING, LLC
Independent Mortgage Company|BALTIMORE, MD|Near-National
Loans Originated
1,160
Applications
1,630
Volume
$352 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Acceptable
Overall Pull Through
Strong
Pricing and Pullthrough Overview
Average Rate Spread
+0.567%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,529
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
71.2%
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 and USDA loans
- Nationwide availability with consistent service
Things to Think About
- Rates typically 57 basis points above market average
Report Card
BAYSHORE MORTGAGE FUNDING, LLC performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Sound | Near-National · 23 metro areas · 34 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$303,974
Average Borrower Income
$129,464
Average Property Value
$367,371
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Sound | 654 | 56.4% | +0.513% | $3,282 |
FHA Loans | Sound | Strong | Mediocre | Strong | 352 | 30.3% | +0.836% | $3,881 |
VA Loans | Sound | Strong | Mediocre | Strong | 96 | 8.3% | -0.122% | $4,001 |
USDA Loans | Strong | Exceptional | N/A | Sound | 56 | 4.8% | +1.182% | $3,073 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Mediocre | Strong | 1,024 | 88.3% | +0.615% | $3,528 |
Refinance | Sound | Sound | Acceptable | Sound | 136 | 11.7% | +0.221% | $3,541 |
Geographic Coverage
Metro Areas
22
States Served
34
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
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Top Metro Areas by Place Specialization Score
1
Sebastian, FLMSA
Volume: 63Mix: 5.43%
Place Specialization
Exceptional
2
Cincinnati, OHMSA
Volume: 279Mix: 24.05%
Place Specialization
Exceptional
3
Baltimore, MDMSA
Volume: 76Mix: 6.55%
Place Specialization
Strong
4
Kansas City, MO, MO-KSMSA
Volume: 52Mix: 4.48%
Place Specialization
Sound
5
Newark, NJ, NJMSA
Volume: 33Mix: 2.84%
Place Specialization
Sound
6
Columbus, OH, OHMSA
Volume: 37Mix: 3.19%
Place Specialization
Sound
7
Chicago, ILMSA
Volume: 28Mix: 2.41%
Place Specialization
Sound
8
Arlington, VA-WVMSA
Volume: 23Mix: 1.98%
Place Specialization
Sound
9
Port St. Lucie, FL, FLMSA
Volume: 15Mix: 1.29%
Place Specialization
Sound
10
Raleigh, NCMSA
Volume: 16Mix: 1.38%
Place Specialization
Sound
Showing 10 of 22 metro areas
Top States by Place Specialization Score
1
OHState
Volume: 293Mix: 25.26%
Place Specialization
Strong
2
KYState
Volume: 109Mix: 9.40%
Place Specialization
Strong
3
MDState
Volume: 115Mix: 9.91%
Place Specialization
Strong
4
FLState
Volume: 144Mix: 12.41%
Place Specialization
Strong
5
ORState
Volume: 43Mix: 3.71%
Place Specialization
Sound
6
NJState
Volume: 49Mix: 4.22%
Place Specialization
Sound
7
KSState
Volume: 34Mix: 2.93%
Place Specialization
Sound
8
VAState
Volume: 35Mix: 3.02%
Place Specialization
Sound
9
NCState
Volume: 39Mix: 3.36%
Place Specialization
Sound
10
DEState
Volume: 21Mix: 1.81%
Place Specialization
Sound
Showing 10 of 18 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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