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BETTER MORTGAGE CORPORATION
Independent Mortgage Company|GLENDALE, CA|National
Loans Originated
4,227
Applications
12,373
Volume
$1 billion
Offers loans directly to consumers
Overall Pricing
Exceptional
Overall Pull Through
Acceptable
Pricing and Pullthrough Overview
Average Rate Spread
+0.002%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$592
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
34.2%
Percentage of applications that result in closed loans
Safe Rate's 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
Report Card
BETTER MORTGAGE CORPORATION performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Exceptional | Market Leader | |
Pull Through Closing Strength | Acceptable | Near industry average | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
VA | Sound | Industry Standard | |
Jumbo | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | National · 50 metro areas · 51 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$444,446
Average Borrower Income
$184,396
Average Property Value
$594,054
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Exceptional | Mediocre | 3,694 | 87.4% | -0.009% | $608 |
FHA Loans | Sound | Strong | Exceptional | Acceptable | 392 | 9.3% | +0.110% | $545 |
VA Loans | Acceptable | Sound | Exceptional | Mediocre | 44 | 1.0% | -0.661% | -$403 |
Jumbo Loans | Sound | Strong | Strong | Acceptable | 97 | 2.3% | +0.196% | $498 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Exceptional | Acceptable | 3,582 | 84.7% | -0.006% | $719 |
Refinance | Sound | Strong | Exceptional | Acceptable | 645 | 15.3% | +0.046% | -$141 |
Geographic Coverage
Metro Areas
49
States Served
51
Why 51? We count DC as a state
Avg Place Specialization
Sound
States with Loan Originations
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Dallas, TXMSA
Volume: 135Mix: 3.19%
Place Specialization
Strong
2
Houston, TXMSA
Volume: 143Mix: 3.38%
Place Specialization
Strong
3
New York, NY-NJMSA
Volume: 117Mix: 2.77%
Place Specialization
Strong
4
Atlanta, GAMSA
Volume: 118Mix: 2.79%
Place Specialization
Strong
5
Charlotte, NC-SCMSA
Volume: 88Mix: 2.08%
Place Specialization
Strong
6
Chicago, ILMSA
Volume: 104Mix: 2.46%
Place Specialization
Strong
7
Austin, TXMSA
Volume: 65Mix: 1.54%
Place Specialization
Strong
8
Seattle, WAMSA
Volume: 64Mix: 1.51%
Place Specialization
Strong
9
Orlando, FLMSA
Volume: 67Mix: 1.59%
Place Specialization
Sound
10
Raleigh, NCMSA
Volume: 55Mix: 1.30%
Place Specialization
Sound
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
TXState
Volume: 467Mix: 11.05%
Place Specialization
Strong
2
NJState
Volume: 176Mix: 4.16%
Place Specialization
Strong
3
FLState
Volume: 393Mix: 9.30%
Place Specialization
Strong
4
GAState
Volume: 210Mix: 4.97%
Place Specialization
Strong
5
CAState
Volume: 341Mix: 8.07%
Place Specialization
Strong
6
NCState
Volume: 230Mix: 5.44%
Place Specialization
Strong
7
WAState
Volume: 138Mix: 3.26%
Place Specialization
Strong
8
PAState
Volume: 165Mix: 3.90%
Place Specialization
Strong
9
ILState
Volume: 159Mix: 3.76%
Place Specialization
Strong
10
NYState
Volume: 149Mix: 3.52%
Place Specialization
Strong
Showing 10 of 46 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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