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Cornerstone First Mortgage, Inc
Independent Mortgage Company•SAN DIEGO, CA•Direct to Consumer
We analyzed every closed loan from Cornerstone First Mortgage — 3.0k loans across 5k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Mediocre
vs. all lenders
Pull Through
Sound
closing strength
Products
Strong
FHA · Conventional · VA · Jumbo · USDA
Place
Sound
National · 49 mkts
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Safe Rate's Summary
What They Do Well
- Particularly strong in Conventional and FHA and VA and Jumbo loans
- Nationwide availability with consistent service
Things to Think About
- Rates typically 52 basis points above market average
- Higher than average fees ($4,127)
Explore another lender or local market
Report Card
Cornerstone First Mortgage, Inc performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Below peers +52.1 bps above market avg | |
Pull Through Closing strength | Industry Standard Top 60% 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 | |
Jumbo | 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 National50 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 1,674 | 56.5% | +0.507%Above | $4,070Fees | ||||
FHA Loans | 917 | 31.0% | +0.701%Above | $4,332Fees | ||||
VA Loans | 256 | 8.6% | -0.089%Below | $3,861Fees | ||||
Jumbo Loans | 80 | 2.7% | +0.809%Above | $3,442Fees | ||||
USDA Loans | — | 34 | 1.1% | +0.448%Above | $3,648Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 2,591 | 87.5% | +0.534%Above | $4,128Fees | ||||
Refinance | 370 | 12.5% | +0.429%Above | $4,115Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
2,961
Applications
4,523
Volume
$1 billion
Pricing & Closing
Avg Rate Spread
+0.521%
vs. market APOR
Avg Net Fees
$4,127
Origination − Credits
Pullthrough Rate
65.5%
Applications → Closed
Typical Borrower
Avg Loan Amount
$418,347
Avg Borrower Income
$182,569
Avg Property Value
$547,388
Geographic Coverage
Geographic Performance
Metro Areas
49
States Served
47
We count Washington DC as a state
Avg Place Specialization
States with Loan Originations
ALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVOHOKORPARISCTNTXUTVAVTWAWIWV
Top Metro Areas by Place Specialization Score
1
Newark, NJ, NJMSA
Volume: 117Mix: 3.95%of portfolio
Place
Strong2
Lakewood, NJMSA
Volume: 136Mix: 4.59%of portfolio
Place
Strong3
Tacoma, WAMSA
Volume: 71Mix: 2.40%of portfolio
Place
Strong4
Birmingham, AL, ALMSA
Volume: 71Mix: 2.40%of portfolio
Place
Strong5
Miami, FLMSA
Volume: 110Mix: 3.71%of portfolio
Place
Strong6
Kennewick, WAMSA
Volume: 41Mix: 1.38%of portfolio
Place
Strong7
Oakland, CAMSA
Volume: 70Mix: 2.36%of portfolio
Place
Strong8
Orlando, FLMSA
Volume: 88Mix: 2.97%of portfolio
Place
Strong9
Tampa, FL, FLMSA
Volume: 83Mix: 2.80%of portfolio
Place
Strong10
San Diego, CAMSA
Volume: 72Mix: 2.43%of portfolio
Place
StrongShowing 10 of 49 metro areas
Top States by Place Specialization Score
1
NJState
Volume: 361Mix: 12.19%of portfolio
Place
Strong2
WAState
Volume: 259Mix: 8.75%of portfolio
Place
Strong3
FLState
Volume: 555Mix: 18.74%of portfolio
Place
Strong4
CAState
Volume: 368Mix: 12.43%of portfolio
Place
Strong5
GAState
Volume: 173Mix: 5.84%of portfolio
Place
Strong6
ALState
Volume: 96Mix: 3.24%of portfolio
Place
Strong7
TXState
Volume: 158Mix: 5.34%of portfolio
Place
Sound8
AZState
Volume: 83Mix: 2.80%of portfolio
Place
Sound9
ORState
Volume: 60Mix: 2.03%of portfolio
Place
Sound10
ILState
Volume: 86Mix: 2.90%of portfolio
Place
SoundShowing 10 of 32 states
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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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.