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BUILDERS CHOICE MORTGAGE LLC
Independent Mortgage Company|boca raton, FL|Multi-Region
Loans Originated
344
Applications
506
Volume
$151 million
Offers loans directly to consumers
Overall Pricing
Mediocre
Overall Pull Through
Sound
Pricing and Pullthrough Overview
Average Rate Spread
+0.476%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$4,238
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
68.0%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Particularly strong in FHA and Jumbo loans
Things to Think About
- Pricing may be below industry average
- Higher than average fees ($4,238)
Report Card
BUILDERS CHOICE MORTGAGE LLC performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Mediocre | Below peers | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Sound | Industry Standard | |
FHA | Strong | Highly Competitive | |
VA | Sound | Industry Standard | |
Jumbo | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Sound | Industry Standard | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Sound | Multi-Regional · 6 metro areas · 14 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$441,483
Average Borrower Income
$233,532
Average Property Value
$604,128
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Acceptable | Sound | Mediocre | Sound | 250 | 72.7% | +0.451% | $4,249 |
FHA Loans | Sound | Strong | Acceptable | Sound | 60 | 17.4% | +0.683% | $4,015 |
VA Loans | Sound | Sound | N/A | Sound | 15 | 4.4% | -0.306% | $4,539 |
Jumbo Loans | Strong | Strong | N/A | Strong | 19 | 5.5% | +0.342% | $5,717 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Acceptable | Sound | Mediocre | Sound | 299 | 86.9% | +0.457% | $4,238 |
Refinance | Acceptable | Sound | Mediocre | Sound | 45 | 13.1% | +0.616% | $4,238 |
Geographic Coverage
Metro Areas
6
States Served
14
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
ARCACOCTFLGAMENCNHNJPASCTNTX
Top Metro Areas by Place Specialization Score
1
West Palm Beach, FLMSA
Volume: 125Mix: 36.34%
Place Specialization
Exceptional
2
Fort Lauderdale, FLMSA
Volume: 70Mix: 20.35%
Place Specialization
Strong
3
Port St. Lucie, FL, FLMSA
Volume: 24Mix: 6.98%
Place Specialization
Sound
4
Houston, TXMSA
Volume: 18Mix: 5.23%
Place Specialization
Sound
5
Orlando, FLMSA
Volume: 11Mix: 3.20%
Place Specialization
Sound
6
New York, NY-NJMSA
Volume: 10Mix: 2.91%
Place Specialization
Sound
Top States by Place Specialization Score
1
FLState
Volume: 277Mix: 80.52%
Place Specialization
Strong
2
NJState
Volume: 16Mix: 4.65%
Place Specialization
Sound
3
TXState
Volume: 23Mix: 6.69%
Place Specialization
Sound
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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