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COMPASS MORTGAGE, INC.
Independent Mortgage Company|WINFIELD, IL|Multi-Region
Loans Originated
1,219
Applications
1,514
Volume
$374 million
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Exceptional
Pricing and Pullthrough Overview
Average Rate Spread
+0.556%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,600
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
80.5%
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 loans
Things to Think About
- Rates typically 56 basis points above market average
Report Card
COMPASS MORTGAGE, 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 | Strong | Highly Competitive | |
USDA | Sound | Industry Standard | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | Multi-Regional · 11 metro areas · 21 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$307,617
Average Borrower Income
$144,615
Average Property Value
$401,579
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Strong | 861 | 70.6% | +0.508% | $2,451 |
FHA Loans | Sound | Strong | Acceptable | Strong | 268 | 22.0% | +0.814% | $3,135 |
VA Loans | Sound | Strong | Mediocre | Strong | 62 | 5.1% | +0.065% | $2,655 |
USDA Loans | Acceptable | Sound | N/A | Acceptable | 19 | 1.6% | +0.737% | $1,944 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Acceptable | Strong | 1,050 | 86.1% | +0.594% | $2,704 |
Refinance | Sound | Strong | Mediocre | Strong | 169 | 13.9% | +0.365% | $2,073 |
Geographic Coverage
Metro Areas
10
States Served
21
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
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Top Metro Areas by Place Specialization Score
1
Elgin, IL, ILMSA
Volume: 173Mix: 14.19%
Place Specialization
Exceptional
2
Chicago, ILMSA
Volume: 537Mix: 44.05%
Place Specialization
Exceptional
3
Bloomington, IL, ILMSA
Volume: 102Mix: 8.37%
Place Specialization
Strong
4
Des Moines, IAMSA
Volume: 50Mix: 4.10%
Place Specialization
Strong
5
Nashville, TNMSA
Volume: 39Mix: 3.20%
Place Specialization
Sound
6
Port St. Lucie, FL, FLMSA
Volume: 17Mix: 1.39%
Place Specialization
Sound
7
Lake County, IL, ILMSA
Volume: 16Mix: 1.31%
Place Specialization
Sound
8
Rockford, IL, ILMSA
Volume: 13Mix: 1.07%
Place Specialization
Sound
9
Knoxville, TN, TNMSA
Volume: 14Mix: 1.15%
Place Specialization
Sound
10
Peoria, IL, ILMSA
Volume: 10Mix: 0.82%
Place Specialization
Sound
Top States by Place Specialization Score
1
ILState
Volume: 904Mix: 74.16%
Place Specialization
Exceptional
2
IAState
Volume: 64Mix: 5.25%
Place Specialization
Sound
3
TNState
Volume: 65Mix: 5.33%
Place Specialization
Sound
4
FLState
Volume: 47Mix: 3.86%
Place Specialization
Sound
5
WIState
Volume: 19Mix: 1.56%
Place Specialization
Sound
6
KYState
Volume: 14Mix: 1.15%
Place Specialization
Sound
7
MIState
Volume: 15Mix: 1.23%
Place Specialization
Sound
8
INState
Volume: 14Mix: 1.15%
Place Specialization
Acceptable
9
ALState
Volume: 10Mix: 0.82%
Place Specialization
Acceptable
10
TXState
Volume: 16Mix: 1.31%
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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