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CARRINGTON MORTGAGE SERVICES, LLC
Independent Mortgage Company|WILMINGTON, DE|National
Loans Originated
8,697
Applications
30,846
Volume
$2 billion
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Acceptable
Overall Pull Through
Sound
Pricing and Pullthrough Overview
Average Rate Spread
+0.441%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$4,326
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
28.2%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Particularly strong in Conventional and FHA and VA and Jumbo loans
- Nationwide availability with consistent service
Things to Think About
- Pricing may be below industry average
- Higher than average fees ($4,326)
Report Card
CARRINGTON MORTGAGE SERVICES, LLC performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Exceptional | Market Leader | |
VA | Exceptional | Market Leader | |
Jumbo | Strong | Highly Competitive | |
USDA | Sound | Industry Standard | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Exceptional | Market Leader | |
Places Geographic coverage | Strong | 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
$271,255
Average Borrower Income
$119,005
Average Property Value
$375,201
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Acceptable | 2,323 | 26.7% | +0.538% | $4,107 |
FHA Loans | Sound | Exceptional | Acceptable | Sound | 4,633 | 53.3% | +0.600% | $4,318 |
VA Loans | Sound | Exceptional | Acceptable | Sound | 1,649 | 19.0% | -0.236% | $4,771 |
Jumbo Loans | Sound | Strong | N/A | Sound | 76 | 0.9% | +1.477% | $1,383 |
USDA Loans | Acceptable | Sound | N/A | Mediocre | 16 | 0.2% | +1.648% | $3,322 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Acceptable | Sound | 2,060 | 23.7% | +0.542% | $3,489 |
Refinance | Sound | Exceptional | Acceptable | Sound | 6,637 | 76.3% | +0.409% | $4,592 |
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
Atlanta, GAMSA
Volume: 291Mix: 3.35%
Place Specialization
Strong
2
Cincinnati, OHMSA
Volume: 115Mix: 1.32%
Place Specialization
Strong
3
Tampa, FL, FLMSA
Volume: 137Mix: 1.58%
Place Specialization
Strong
4
Lake County, INMSA
Volume: 59Mix: 0.68%
Place Specialization
Strong
5
Indianapolis, INMSA
Volume: 121Mix: 1.39%
Place Specialization
Strong
6
Washington, DC, DC-MDMSA
Volume: 79Mix: 0.91%
Place Specialization
Strong
7
Houston, TXMSA
Volume: 158Mix: 1.82%
Place Specialization
Strong
8
Orlando, FLMSA
Volume: 107Mix: 1.23%
Place Specialization
Strong
9
Charlotte, NC-SCMSA
Volume: 100Mix: 1.15%
Place Specialization
Strong
10
Riverside, CAMSA
Volume: 126Mix: 1.45%
Place Specialization
Strong
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
GAState
Volume: 582Mix: 6.69%
Place Specialization
Strong
2
FLState
Volume: 884Mix: 10.16%
Place Specialization
Strong
3
INState
Volume: 428Mix: 4.92%
Place Specialization
Strong
4
TNState
Volume: 327Mix: 3.76%
Place Specialization
Strong
5
OHState
Volume: 438Mix: 5.04%
Place Specialization
Strong
6
VAState
Volume: 299Mix: 3.44%
Place Specialization
Strong
7
TXState
Volume: 614Mix: 7.06%
Place Specialization
Strong
8
PAState
Volume: 312Mix: 3.59%
Place Specialization
Strong
9
ALState
Volume: 190Mix: 2.18%
Place Specialization
Strong
10
SCState
Volume: 210Mix: 2.41%
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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