Compass Mortgage
We analyzed every closed loan from Compass Mortgage — 1.2k loans across 2k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Acceptable
2/5
vs. all lenders
Pull-through
Exceptional
5/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · USDA
Place
Sound
3/5
Multi-Region · 10 mkts
Awards
FHA
Superstar
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
Explore another lender or local market
Report Card
Compass Mortgage performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+55.6 bps above market avg
Pull Through
Closing strength
Exceptional
Top 20% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
FHA
Strong
Top 40% of lenders
VA
Strong
Top 40% of lenders
USDA
Sound
Top 60% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Strong
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 11 markets
Sound
Top 60% of lenders
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 |
Conventional
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume861
Mix70.6%
Spread
+0.508%Above
Fees
$2,451Fees
FHA Loans
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume268
Mix22.0%
Spread
+0.814%Above
Fees
$3,135Fees
VA Loans
OverallSound
ProductStrong
PricingMediocre
Pull ThroughStrong
Volume62
Mix5.1%
Spread
+0.065%Above
Fees
$2,655Fees
USDA Loans
OverallAcceptable
ProductSound
Pricing—
Pull ThroughAcceptable
Volume19
Mix1.6%
Spread
+0.737%Above
Fees
$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 |
Purchase
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume1,050
Mix86.1%
Spread
+0.594%Above
Fees
$2,704Fees
Refinance
OverallSound
ProductStrong
PricingMediocre
Pull ThroughStrong
Volume169
Mix13.9%
Spread
+0.365%Above
Fees
$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
markets with activity
States Served
21
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
21Midwest8
IAILINMIMNOHSDWI
South9
ALFLGAKYNCSCTNTXVA
West4
AZCACOWA
Top Metro Areas by Place Specialization Score
Volume 173Mix 14.19% of portfolio
87/100
Exceptional
Volume 537Mix 44.05% of portfolio
84/100
Exceptional
Volume 102Mix 8.37% of portfolio
74/100
Strong
Volume 50Mix 4.10% of portfolio
60/100
Strong
Volume 39Mix 3.20% of portfolio
56/100
Sound
Volume 17Mix 1.39% of portfolio
49/100
Sound
Volume 16Mix 1.31% of portfolio
49/100
Sound
Volume 13Mix 1.07% of portfolio
45/100
Sound
Volume 14Mix 1.15% of portfolio
44/100
Sound
Volume 10Mix 0.82% of portfolio
41/100
SoundTop States by Place Specialization Score
1
IllinoisState
Volume 904Mix 74.16% of portfolio
87/100
Exceptional2
IowaState
Volume 64Mix 5.25% of portfolio
58/100
Sound3
TennesseeState
Volume 65Mix 5.33% of portfolio
57/100
Sound4
FloridaState
Volume 47Mix 3.86% of portfolio
48/100
Sound5
WisconsinState
Volume 19Mix 1.56% of portfolio
44/100
Sound6
KentuckyState
Volume 14Mix 1.15% of portfolio
42/100
Sound7
MichiganState
Volume 15Mix 1.23% of portfolio
41/100
Sound8
IndianaState
Volume 14Mix 1.15% of portfolio
40/100
Acceptable9
AlabamaState
Volume 10Mix 0.82% of portfolio
38/100
Acceptable10
TexasState
Volume 16Mix 1.31% of portfolio
37/100
AcceptableHow We Rank Lenders
Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.
Our Point System (Max 30 Points)
10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
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 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
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.