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We analyzed every closed loan from Compass Mortgage — 1.2k loans across 2k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Acceptable
vs. all lenders
Pull Through
Exceptional
closing strength
Products
Strong
FHA · Conventional · VA · USDA
Place
Sound
Multi-Region · 10 mkts
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Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA loans
Things to Think About
- Rates typically 56 basis points above market average
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Report Card
Compass Mortgage, Inc. performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Near industry average +55.6 bps above market avg | |
Pull Through Closing strength | Market Leader Top 20% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Highly Competitive Top 40% of lenders | |
FHA | Highly Competitive Top 40% of lenders | |
VA | Highly Competitive Top 40% of lenders | |
USDA | Industry Standard Top 60% of lenders | |
By Loan Purpose· Transaction purpose mix | ||
Purchase | Highly Competitive Top 40% of lenders | |
Refinance | Highly Competitive Top 40% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Industry Standard Top 60% of lenders Multi-Regional11 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 861 | 70.6% | +0.508%Above | $2,451Fees | ||||
FHA Loans | 268 | 22.0% | +0.814%Above | $3,135Fees | ||||
VA Loans | 62 | 5.1% | +0.065%Above | $2,655Fees | ||||
USDA Loans | — | 19 | 1.6% | +0.737%Above | $1,944Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 1,050 | 86.1% | +0.594%Above | $2,704Fees | ||||
Refinance | 169 | 13.9% | +0.365%Above | $2,073Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,219
Applications
1,514
Volume
$374 million
Pricing & Closing
Avg Rate Spread
+0.556%
vs. market APOR
Avg Net Fees
$2,600
Origination − Credits
Pullthrough Rate
80.5%
Applications → Closed
Typical Borrower
Avg Loan Amount
$307,617
Avg Borrower Income
$144,615
Avg Property Value
$401,579
Geographic Coverage
Geographic Performance
Metro Areas
10
States Served
21
We count Washington DC as a state
Avg Place Specialization
States with Loan Originations
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Top Metro Areas by Place Specialization Score
1
Elgin, IL, ILMSA
Volume: 173Mix: 14.19%of portfolio
Place
Exceptional2
Chicago, ILMSA
Volume: 537Mix: 44.05%of portfolio
Place
Exceptional3
Bloomington, IL, ILMSA
Volume: 102Mix: 8.37%of portfolio
Place
Strong4
Des Moines, IAMSA
Volume: 50Mix: 4.10%of portfolio
Place
Strong5
Nashville, TNMSA
Volume: 39Mix: 3.20%of portfolio
Place
Sound6
Port St. Lucie, FL, FLMSA
Volume: 17Mix: 1.39%of portfolio
Place
Sound7
Lake County, IL, ILMSA
Volume: 16Mix: 1.31%of portfolio
Place
Sound8
Rockford, IL, ILMSA
Volume: 13Mix: 1.07%of portfolio
Place
Sound9
Knoxville, TN, TNMSA
Volume: 14Mix: 1.15%of portfolio
Place
Sound10
Peoria, IL, ILMSA
Volume: 10Mix: 0.82%of portfolio
Place
SoundTop States by Place Specialization Score
1
ILState
Volume: 904Mix: 74.16%of portfolio
Place
Exceptional2
IAState
Volume: 64Mix: 5.25%of portfolio
Place
Sound3
TNState
Volume: 65Mix: 5.33%of portfolio
Place
Sound4
FLState
Volume: 47Mix: 3.86%of portfolio
Place
Sound5
WIState
Volume: 19Mix: 1.56%of portfolio
Place
Sound6
KYState
Volume: 14Mix: 1.15%of portfolio
Place
Sound7
MIState
Volume: 15Mix: 1.23%of portfolio
Place
Sound8
INState
Volume: 14Mix: 1.15%of portfolio
Place
Acceptable9
ALState
Volume: 10Mix: 0.82%of portfolio
Place
Acceptable10
TXState
Volume: 16Mix: 1.31%of portfolio
Place
AcceptableHow 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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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.