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Cortrust Mortgage, Inc.

Independent Mortgage CompanySIOUX FALLS, SDDirect to Consumer

Cortrust Mortgage has 388 closed loans in our dataset — fully analyzed and benchmarked against peers across the 4 Ps of Mortgage Shopping.

Pricing
Sound
vs. all lenders
Pull Through
Strong
closing strength
Products
Strong
FHA · Conventional · VA
Place
Sound
Multi-Region · 3 mkts
Safe Rate AwardsConventional SuperstarFHA SuperstarPurchase Superstar

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Safe Rate's Summary

What They Do Well

  • Strong pull through performance
  • Particularly strong in Conventional and FHA loans

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Report Card

Cortrust Mortgage, Inc. performance at a glance

CategoryScorevs. Peers
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
Industry Standard
Rates 7.8 bps below market avg
Pull Through
Closing strength
Strong
Highly Competitive
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Highly Competitive
Top 40% of lenders
FHA
Strong
Highly Competitive
Top 40% of lenders
VA
Acceptable
Near industry average
Bottom 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Highly Competitive
Top 40% of lenders
Refinance
Sound
Industry Standard
Top 60% of lenders
By Location· Geographic coverage
Geographic Reach
Coverage footprint
Strong
Highly Competitive
Top 40% of lenders
Multi-Regional4 markets

Loan Product Performance

Performance by Loan Product

Loan TypeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Conventional
Strong
Strong
Sound
Strong
32884.5%
-0.102%Below
$2,877Fees
FHA Loans
Strong
Strong
Strong
Strong
4210.8%
+0.432%Above
$1,013Fees
VA Loans
Acceptable
Acceptable
123.1%
-0.436%Below
$1,703Fees

Loan Purpose Performance

Performance by Loan Purpose

PurposeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Purchase
Strong
Strong
Sound
Strong
34989.9%
-0.083%Below
$2,685Fees
Refinance
Sound
Sound
Strong
Sound
3910.1%
-0.035%Below
$2,504Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
388
Applications
501
Volume
$101 million
Pricing & Closing
Avg Rate Spread
-0.078%
vs. market APOR
Avg Net Fees
$2,664
Origination − Credits
Pullthrough Rate
77.4%
Applications → Closed
Typical Borrower
Avg Loan Amount
$262,010
Avg Borrower Income
$126,258
Avg Property Value
$348,093

Geographic Coverage

Geographic Performance

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%of portfolio
Place
Strong
2
Minneapolis, MN-WIMSA
Volume: 47Mix: 12.11%of portfolio
Place
Sound
3
St. Cloud, MN, MNMSA
Volume: 12Mix: 3.09%of portfolio
Place
Sound

Top States by Place Specialization Score

1
SDState
Volume: 203Mix: 52.32%of portfolio
Place
Exceptional
2
MNState
Volume: 171Mix: 44.07%of portfolio
Place
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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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.