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CORTRUST MORTGAGE, INC.
Independent Mortgage Company|SIOUX FALLS, SD|Multi-Region
Loans Originated
388
Applications
501
Volume
$101 million
Offers loans directly to consumers
Overall Pricing
Sound
Overall Pull Through
Strong
Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐Purchase Superstar
Pricing and Pullthrough Overview
Average Rate Spread
-0.078%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,664
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
77.4%
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 loans
Report Card
CORTRUST MORTGAGE, INC. performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Sound | Industry Standard | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
VA | Acceptable | Near industry average | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Strong | Multi-Regional · 4 metro areas · 13 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$262,010
Average Borrower Income
$126,258
Average Property Value
$348,093
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Sound | Strong | 328 | 84.5% | -0.102% | $2,877 |
FHA Loans | Strong | Strong | Strong | Strong | 42 | 10.8% | +0.432% | $1,013 |
VA Loans | Acceptable | Acceptable | N/A | N/A | 12 | 3.1% | -0.436% | $1,703 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Sound | Strong | 349 | 89.9% | -0.083% | $2,685 |
Refinance | Sound | Sound | Strong | Sound | 39 | 10.1% | -0.035% | $2,504 |
Geographic Coverage
Metro Areas
3
States Served
13
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
Sioux Falls, SD, SD-MNMSA
Volume: 77Mix: 19.85%
Place Specialization
Strong
2
Minneapolis, MN-WIMSA
Volume: 47Mix: 12.11%
Place Specialization
Sound
3
St. Cloud, MN, MNMSA
Volume: 12Mix: 3.09%
Place Specialization
Sound
Top States by Place Specialization Score
1
SDState
Volume: 203Mix: 52.32%
Place Specialization
Exceptional
2
MNState
Volume: 171Mix: 44.07%
Place Specialization
Strong
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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