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COASTAL FUNDING SLC, INC.
Independent Mortgage Company|SAN LUIS OBISPO, CA|Regional
Loans Originated
294
Applications
354
Volume
$167 million
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Exceptional
Pricing and Pullthrough Overview
Average Rate Spread
+0.332%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,829
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
83.1%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and Jumbo loans
Things to Think About
- Pricing may be below industry average
Report Card
COASTAL FUNDING SLC, INC. performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Exceptional | Market Leader | |
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 | Sound | Industry Standard | |
Places Geographic coverage | Strong | Regional · 4 metro areas · 3 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$570,170
Average Borrower Income
$252,551
Average Property Value
$875,000
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Exceptional | 237 | 80.6% | +0.314% | $3,843 |
FHA Loans | Sound | Strong | Acceptable | Exceptional | 28 | 9.5% | +0.605% | $3,796 |
VA Loans | Sound | Sound | N/A | Strong | 17 | 5.8% | -0.285% | $3,359 |
Jumbo Loans | Strong | Strong | N/A | N/A | 12 | 4.1% | +0.705% | $4,464 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Acceptable | Exceptional | 252 | 85.7% | +0.350% | $3,764 |
Refinance | Acceptable | Sound | Mediocre | Strong | 42 | 14.3% | +0.190% | $4,334 |
Geographic Coverage
Metro Areas
4
States Served
3
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
CACOOR
Top Metro Areas by Place Specialization Score
1
San Luis Obispo, CAMSA
Volume: 177Mix: 60.20%
Place Specialization
Exceptional
2
Santa Maria, CAMSA
Volume: 40Mix: 13.61%
Place Specialization
Strong
3
Visalia, CA, CAMSA
Volume: 23Mix: 7.82%
Place Specialization
Sound
4
Oxnard, CAMSA
Volume: 12Mix: 4.08%
Place Specialization
Sound
Top States by Place Specialization Score
1
CAState
Volume: 292Mix: 99.32%
Place Specialization
Strong
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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