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Cornerstone First Mortgage, Inc
Independent Mortgage Company|SAN DIEGO, CA|National
Loans Originated
2,961
Applications
4,523
Volume
$1 billion
Offers loans directly to consumers
Overall Pricing
Mediocre
Overall Pull Through
Sound
Pricing and Pullthrough Overview
Average Rate Spread
+0.521%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$4,127
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
65.5%
Percentage of applications that result in closed loans
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)
Report Card
Cornerstone First Mortgage, Inc performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Mediocre | Below peers | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
Jumbo | 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 | National · 50 metro areas · 47 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$418,347
Average Borrower Income
$182,569
Average Property Value
$547,388
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Acceptable | Strong | Mediocre | Sound | 1,674 | 56.5% | +0.507% | $4,070 |
FHA Loans | Sound | Strong | Mediocre | Strong | 917 | 31.0% | +0.701% | $4,332 |
VA Loans | Sound | Strong | Mediocre | Strong | 256 | 8.6% | -0.089% | $3,861 |
Jumbo Loans | Acceptable | Strong | Mediocre | Sound | 80 | 2.7% | +0.809% | $3,442 |
USDA Loans | Acceptable | Sound | N/A | Acceptable | 34 | 1.1% | +0.448% | $3,648 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Acceptable | Strong | Mediocre | Sound | 2,591 | 87.5% | +0.534% | $4,128 |
Refinance | Acceptable | Strong | Mediocre | Sound | 370 | 12.5% | +0.429% | $4,115 |
Geographic Coverage
Metro Areas
49
States Served
47
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
ALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVOHOKORPARISCTNTXUTVAVTWAWIWV
Top Metro Areas by Place Specialization Score
1
Newark, NJ, NJMSA
Volume: 117Mix: 3.95%
Place Specialization
Strong
2
Lakewood, NJMSA
Volume: 136Mix: 4.59%
Place Specialization
Strong
3
Tacoma, WAMSA
Volume: 71Mix: 2.40%
Place Specialization
Strong
4
Birmingham, AL, ALMSA
Volume: 71Mix: 2.40%
Place Specialization
Strong
5
Miami, FLMSA
Volume: 110Mix: 3.71%
Place Specialization
Strong
6
Kennewick, WAMSA
Volume: 41Mix: 1.38%
Place Specialization
Strong
7
Oakland, CAMSA
Volume: 70Mix: 2.36%
Place Specialization
Strong
8
Orlando, FLMSA
Volume: 88Mix: 2.97%
Place Specialization
Strong
9
Tampa, FL, FLMSA
Volume: 83Mix: 2.80%
Place Specialization
Strong
10
San Diego, CAMSA
Volume: 72Mix: 2.43%
Place Specialization
Strong
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
NJState
Volume: 361Mix: 12.19%
Place Specialization
Strong
2
WAState
Volume: 259Mix: 8.75%
Place Specialization
Strong
3
FLState
Volume: 555Mix: 18.74%
Place Specialization
Strong
4
CAState
Volume: 368Mix: 12.43%
Place Specialization
Strong
5
GAState
Volume: 173Mix: 5.84%
Place Specialization
Strong
6
ALState
Volume: 96Mix: 3.24%
Place Specialization
Strong
7
TXState
Volume: 158Mix: 5.34%
Place Specialization
Sound
8
AZState
Volume: 83Mix: 2.80%
Place Specialization
Sound
9
ORState
Volume: 60Mix: 2.03%
Place Specialization
Sound
10
ILState
Volume: 86Mix: 2.90%
Place Specialization
Sound
Showing 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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