What loan types does CAKE MORTGAGE CORP. offer?

CAKE MORTGAGE CORP. offers the following mortgage loan types: FHA, Conventional, VA, Jumbo. Each product has its own pricing score and performance metrics.

Where does CAKE MORTGAGE CORP. offer mortgages?

CAKE MORTGAGE CORP. offers mortgages in 35 states: AL, AZ, CA, CO, CT, FL, GA, ID, IL, IN, KS, LA, MA, MD, MI, MO, MT, NC, ND, NH, NJ, NM, NV, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA, WV.

How competitive are CAKE MORTGAGE CORP.'s mortgage rates?

CAKE MORTGAGE CORP. has an overall pricing score of 10.4/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is CAKE MORTGAGE CORP.?

CAKE MORTGAGE CORP. is a Independent Mortgage Company headquartered in IRVINE, CA.

Unclaimed

Cake Mortgage Corp.

Independent Mortgage Company•IRVINE, CA•Direct to Consumer

We analyzed every closed loan from Cake Mortgage — 715 loans across 2k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.

Pricing

Mediocre

vs. all lenders

Pull Through

Sound

closing strength

Products

Strong

FHA · Conventional · VA · Jumbo

Place

Sound

Near-National · 10 mkts

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Safe Rate's Summary

What They Do Well

Nationwide availability with consistent service

Things to Think About

Rates typically 100 basis points above market average
Higher than average fees ($4,201)

Explore another lender or local market

Report Card

Cake Mortgage Corp. performance at a glance

Category	Score	vs. Peers
Overall Performance· Pricing & closing strength
Pricing Rate competitiveness	Mediocre	Below peers +99.7 bps above market avg
Pull Through Closing strength	Sound	Industry Standard Top 60% of lenders
By Loan Product· Specialization by type
Conventional	Sound	Industry Standard Top 60% of lenders
FHA	Sound	Industry Standard Top 60% of lenders
VA	Sound	Industry Standard Top 60% of lenders
Jumbo	Strong	Highly Competitive Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase	Sound	Industry Standard Top 60% of lenders
Refinance	Strong	Highly Competitive Top 40% of lenders
By Location· Geographic coverage
Geographic Reach Coverage footprint	Sound	Industry Standard Top 60% of lenders Near-National11 markets

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Acceptable	Sound	Mediocre	Acceptable	487	68.1%	+1.124%Above	$4,549Fees
FHA Loans	Acceptable	Sound	Acceptable	Acceptable	76	10.6%	+0.547%Above	$4,043Fees
VA Loans	Acceptable	Sound	—	Mediocre	22	3.1%	+0.336%Above	$3,248Fees
Jumbo Loans	Acceptable	Strong	Mediocre	Sound	130	18.2%	+1.195%Above	$3,043Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Acceptable	Sound	Mediocre	Acceptable	434	60.7%	+0.988%Above	$4,102Fees
Refinance	Acceptable	Strong	Mediocre	Acceptable	281	39.3%	+1.017%Above	$4,434Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

715

Applications

1,606

Volume

$475 million

Pricing & Closing

Avg Rate Spread

+0.997%

vs. market APOR

Avg Net Fees

$4,201

Origination − Credits

Pullthrough Rate

44.5%

Applications → Closed

Typical Borrower

Avg Loan Amount

$665,350

Avg Borrower Income

$431,315

Avg Property Value

$1,087,783

Geographic Coverage

Geographic Performance

Metro Areas

States Served

We count Washington DC as a state

Avg Place Specialization

Sound

States with Loan Originations

ALAZCACOCTFLGAIDILINKSLAMAMDMIMOMTNCNDNHNJNMNVOHOKORPARISCTNTXUTVAWAWV

Top Metro Areas by Place Specialization Score

Los Angeles, CAMSA

Volume: 277Mix: 38.74%of portfolio

Place

Exceptional

Riverside, CAMSA

Volume: 45Mix: 6.29%of portfolio

Place

Sound

Miami, FLMSA

Volume: 24Mix: 3.36%of portfolio

Place

Sound

Anaheim, CAMSA

Volume: 21Mix: 2.94%of portfolio

Place

Sound

Las Vegas, NVMSA

Volume: 19Mix: 2.66%of portfolio

Place

Sound

San Diego, CAMSA

Volume: 14Mix: 1.96%of portfolio

Place

Sound

Fort Lauderdale, FLMSA

Volume: 11Mix: 1.54%of portfolio

Place

Sound

Orlando, FLMSA

Volume: 12Mix: 1.68%of portfolio

Place

Sound

West Palm Beach, FLMSA

Volume: 10Mix: 1.40%of portfolio

Place

Sound

Phoenix, AZMSA

Volume: 12Mix: 1.68%of portfolio

Place

Sound

Top States by Place Specialization Score

CAState

Volume: 410Mix: 57.34%of portfolio

Place

Strong

FLState

Volume: 90Mix: 12.59%of portfolio

Place

Sound

NVState

Volume: 22Mix: 3.08%of portfolio

Place

Sound

NJState

Volume: 20Mix: 2.80%of portfolio

Place

Sound

WAState

Volume: 18Mix: 2.52%of portfolio

Place

Sound

TXState

Volume: 28Mix: 3.92%of portfolio

Place

Sound

GAState

Volume: 18Mix: 2.52%of portfolio

Place

Sound

AZState

Volume: 16Mix: 2.24%of portfolio

Place

Sound

SCState

Volume: 13Mix: 1.82%of portfolio

Place

Sound

MDState

Volume: 10Mix: 1.40%of portfolio

Place

Acceptable

Showing 10 of 11 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)

Pricing

Rate and fee competitiveness (33%)

Pull Through

Reliability in closing loans (33%)

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.