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Better Mortgage Corporation

Independent Mortgage CompanyGlendale, CAHQDirectReviews near you on Google

We analyzed every closed loan from Better Mortgage Corporation 4.2k loans across 12k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Exceptional
5/5
vs. all lenders
Pull-through
Acceptable
2/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · Jumbo
Place
Sound
3/5
National · 49 mkts
Promptness
Mediocre
1/5
No reply within 4+ business days
Safe Rate Awards
FHA Superstar
FHA
Superstar
Jumbo Superstar
Jumbo
Superstar

Safe Rate Summary

What They Do Well

  • Competitive pricing compared to the market
  • Lower than average lender fees
  • Particularly strong in Conventional and FHA and Jumbo loans
  • Nationwide availability with consistent service

Things to Think About

  • Pull through efficiency is below industry average

Explore another lender or local market

Report Card

Better Mortgage Corporation performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Exceptional
+0.2 bps above market avg
Pull Through
Closing strength
Acceptable
Bottom 40% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
FHA
Strong
Top 40% of lenders
VA
Sound
Top 60% of lenders
Jumbo
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Strong
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
National · 50 markets
Sound
Top 60% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Sound
Product
Strong
Pricing
Exceptional
Pull Through
Mediocre
Volume3,694
Mix87.4%
Spread
-0.009%Below
Fees
$608Fees
FHA Loans
Overall
Strong
Product
Strong
Pricing
Exceptional
Pull Through
Acceptable
Volume392
Mix9.3%
Spread
+0.110%Above
Fees
$545Fees
VA Loans
Overall
Sound
Product
Sound
Pricing
Exceptional
Pull Through
Mediocre
Volume44
Mix1.0%
Spread
-0.661%Below
Fees
$403Credit
Jumbo Loans
Overall
Sound
Product
Strong
Pricing
Strong
Pull Through
Acceptable
Volume97
Mix2.3%
Spread
+0.196%Above
Fees
$498Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Sound
Product
Strong
Pricing
Exceptional
Pull Through
Acceptable
Volume3,582
Mix84.7%
Spread
-0.006%Below
Fees
$719Fees
Refinance
Overall
Sound
Product
Strong
Pricing
Exceptional
Pull Through
Acceptable
Volume645
Mix15.3%
Spread
+0.046%Above
Fees
$141Credit

At a Glance

Lender Overview

Lending Activity
Loans Originated
4,227
Applications
12,373
Volume
$1 billion
Pricing & Closing
Avg Rate Spread
+0.002%
vs. market APOR
Avg Net Fees
$592
Origination − Credits
Pullthrough Rate
34.2%
Applications → Closed
Typical Borrower
Avg Loan Amount
$444,446
Avg Borrower Income
$184,396
Avg Property Value
$594,054

Geographic Coverage

Geographic Performance

Metro Areas
49
markets with activity
States Served
51
Includes Washington, DC
Avg Place Specialization
Sound
3/5

States with Loan Originations

51Nationwide · all 50 states and DC
51 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Northeast9
CTMEMANHNJNYPARIVT
Midwest12
IAILINKSMIMNMONDNEOHSDWI
South17
ALARDCDEFLGAKYLAMDMSNCOKSCTNTXVAWV
West13
AKAZCACOHIIDMTNMNVORUTWAWY

Top Metro Areas by Place Specialization Score

Volume 135Mix 3.19% of portfolio
65/100
Strong
Volume 143Mix 3.38% of portfolio
64/100
Strong
3© Dllu · CC BY-SA 4.0
New York, NY-NJMetro
Volume 117Mix 2.77% of portfolio
64/100
Strong
Volume 118Mix 2.79% of portfolio
64/100
Strong
5© chucka_nc · CC BY-SA 2.0
Charlotte, NC-SCMetro
Volume 88Mix 2.08% of portfolio
62/100
Strong
Volume 104Mix 2.46% of portfolio
61/100
Strong
Volume 65Mix 1.54% of portfolio
60/100
Strong
Volume 64Mix 1.51% of portfolio
60/100
Strong
Volume 67Mix 1.59% of portfolio
59/100
Sound
Volume 55Mix 1.30% of portfolio
59/100
Sound
Showing 10 of 49 metro areas

Top States by Place Specialization Score

Texas
Texas
1
TexasState
Volume 467Mix 11.05% of portfolio
70/100
Strong
New Jersey
New Jersey
2
New JerseyState
Volume 176Mix 4.16% of portfolio
68/100
Strong
Florida
Florida
3
FloridaState
Volume 393Mix 9.30% of portfolio
67/100
Strong
Georgia
Georgia
4
GeorgiaState
Volume 210Mix 4.97% of portfolio
66/100
Strong
California
California
5
CaliforniaState
Volume 341Mix 8.07% of portfolio
66/100
Strong
North Carolina
North Carolina
6
North CarolinaState
Volume 230Mix 5.44% of portfolio
65/100
Strong
Washington
Washington
7
WashingtonState
Volume 138Mix 3.26% of portfolio
65/100
Strong
Pennsylvania
Pennsylvania
8
PennsylvaniaState
Volume 165Mix 3.90% of portfolio
64/100
Strong
Illinois
Illinois
9
IllinoisState
Volume 159Mix 3.76% of portfolio
63/100
Strong
New York
New York
10
New YorkState
Volume 149Mix 3.52% of portfolio
63/100
Strong
Showing 10 of 46 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.