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COMMUNITY MORTGAGE CORPORATION
Independent Mortgage Company|CORDOVA, TN|Multi-Region
Loans Originated
1,574
Applications
1,893
Volume
$461 million
Offers loans directly to consumers
Overall Pricing
Sound
Overall Pull Through
Exceptional
Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐Purchase Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.204%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,015
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 VA and USDA loans
Report Card
COMMUNITY MORTGAGE CORPORATION performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Sound | Industry Standard | |
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 | Strong | Highly Competitive | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Strong | Multi-Regional · 10 metro areas · 7 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$293,227
Average Borrower Income
$126,757
Average Property Value
$352,922
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Sound | Exceptional | 891 | 56.6% | +0.227% | $2,984 |
FHA Loans | Strong | Strong | Sound | Exceptional | 474 | 30.1% | +0.366% | $3,069 |
VA Loans | Sound | Strong | Acceptable | Exceptional | 170 | 10.8% | -0.265% | $3,166 |
USDA Loans | Exceptional | Exceptional | N/A | Exceptional | 36 | 2.3% | +0.153% | $2,028 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Exceptional | Sound | Exceptional | 1,486 | 94.4% | +0.199% | $2,999 |
Refinance | Sound | Strong | Acceptable | Exceptional | 88 | 5.6% | +0.273% | $3,240 |
Geographic Coverage
Metro Areas
9
States Served
7
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
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Top Metro Areas by Place Specialization Score
1
Memphis, TNMSA
Volume: 1,062Mix: 67.47%
Place Specialization
Exceptional
2
Little Rock, ARMSA
Volume: 134Mix: 8.51%
Place Specialization
Exceptional
3
Chattanooga, TN, TN-GAMSA
Volume: 62Mix: 3.94%
Place Specialization
Strong
4
Fayetteville, ARMSA
Volume: 47Mix: 2.99%
Place Specialization
Sound
5
Hot Springs, AR, ARMSA
Volume: 19Mix: 1.21%
Place Specialization
Sound
6
Nashville, TNMSA
Volume: 45Mix: 2.86%
Place Specialization
Sound
7
Clarksville, TN, TN-KYMSA
Volume: 29Mix: 1.84%
Place Specialization
Sound
8
Atlanta, GAMSA
Volume: 22Mix: 1.40%
Place Specialization
Sound
9
Knoxville, TN, TNMSA
Volume: 12Mix: 0.76%
Place Specialization
Sound
Top States by Place Specialization Score
1
TNState
Volume: 891Mix: 56.61%
Place Specialization
Exceptional
2
MSState
Volume: 351Mix: 22.30%
Place Specialization
Exceptional
3
ARState
Volume: 257Mix: 16.33%
Place Specialization
Strong
4
GAState
Volume: 55Mix: 3.49%
Place Specialization
Sound
5
ALState
Volume: 11Mix: 0.70%
Place Specialization
Acceptable
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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