Looking for a different lender?
C
CAKE MORTGAGE CORP.
Independent Mortgage Company|IRVINE, CA|Near-National
Loans Originated
715
Applications
1,606
Volume
$475 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Mediocre
Overall Pull Through
Sound
Pricing and Pullthrough Overview
Average Rate Spread
+0.997%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$4,201
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
44.5%
Percentage of applications that result in closed loans
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)
Report Card
CAKE MORTGAGE CORP. 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 | Sound | Industry Standard | |
VA | Sound | Industry Standard | |
Jumbo | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Sound | Industry Standard | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | Near-National · 11 metro areas · 35 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$665,350
Average Borrower Income
$431,315
Average Property Value
$1,087,783
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% | $4,549 |
FHA Loans | Acceptable | Sound | Acceptable | Acceptable | 76 | 10.6% | +0.547% | $4,043 |
VA Loans | Acceptable | Sound | N/A | Mediocre | 22 | 3.1% | +0.336% | $3,248 |
Jumbo Loans | Acceptable | Strong | Mediocre | Sound | 130 | 18.2% | +1.195% | $3,043 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Acceptable | Sound | Mediocre | Acceptable | 434 | 60.7% | +0.988% | $4,102 |
Refinance | Acceptable | Strong | Mediocre | Acceptable | 281 | 39.3% | +1.017% | $4,434 |
Geographic Coverage
Metro Areas
10
States Served
35
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
ALAZCACOCTFLGAIDILINKSLAMAMDMIMOMTNCNDNHNJNMNVOHOKORPARISCTNTXUTVAWAWV
Top Metro Areas by Place Specialization Score
1
Los Angeles, CAMSA
Volume: 277Mix: 38.74%
Place Specialization
Exceptional
2
Riverside, CAMSA
Volume: 45Mix: 6.29%
Place Specialization
Sound
3
Miami, FLMSA
Volume: 24Mix: 3.36%
Place Specialization
Sound
4
Anaheim, CAMSA
Volume: 21Mix: 2.94%
Place Specialization
Sound
5
Las Vegas, NVMSA
Volume: 19Mix: 2.66%
Place Specialization
Sound
6
San Diego, CAMSA
Volume: 14Mix: 1.96%
Place Specialization
Sound
7
Fort Lauderdale, FLMSA
Volume: 11Mix: 1.54%
Place Specialization
Sound
8
Orlando, FLMSA
Volume: 12Mix: 1.68%
Place Specialization
Sound
9
West Palm Beach, FLMSA
Volume: 10Mix: 1.40%
Place Specialization
Sound
10
Phoenix, AZMSA
Volume: 12Mix: 1.68%
Place Specialization
Sound
Top States by Place Specialization Score
1
CAState
Volume: 410Mix: 57.34%
Place Specialization
Strong
2
FLState
Volume: 90Mix: 12.59%
Place Specialization
Sound
3
NVState
Volume: 22Mix: 3.08%
Place Specialization
Sound
4
NJState
Volume: 20Mix: 2.80%
Place Specialization
Sound
5
WAState
Volume: 18Mix: 2.52%
Place Specialization
Sound
6
TXState
Volume: 28Mix: 3.92%
Place Specialization
Sound
7
GAState
Volume: 18Mix: 2.52%
Place Specialization
Sound
8
AZState
Volume: 16Mix: 2.24%
Place Specialization
Sound
9
SCState
Volume: 13Mix: 1.82%
Place Specialization
Sound
10
MDState
Volume: 10Mix: 1.40%
Place Specialization
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)
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.
Ready to Get Started?
Compare CAKE MORTGAGE CORP. with other lenders or get personalized recommendations.