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DEEPHAVEN MORTGAGE LLC
Independent Mortgage Company|WILMINGTON, DE|National
Loans Originated
1,798
Applications
3,076
Volume
$1 billion
Sources loans from independent brokers
Overall Pricing
Mediocre
Overall Pull Through
Sound
Pricing and Pullthrough Overview
Average Rate Spread
+1.262%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$4,451
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
58.5%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Particularly strong in Conventional and Jumbo loans
- Nationwide availability with consistent service
Things to Think About
- Rates typically 126 basis points above market average
- Higher than average fees ($4,451)
Report Card
DEEPHAVEN MORTGAGE LLC 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 | |
Jumbo | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | National · 43 metro areas · 49 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$613,982
Average Borrower Income
$603,296
Average Property Value
$849,861
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Acceptable | Strong | Mediocre | Acceptable | 1,406 | 78.2% | +1.317% | $4,808 |
Jumbo Loans | Acceptable | Exceptional | Mediocre | Sound | 392 | 21.8% | +1.030% | $2,945 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Acceptable | Strong | Mediocre | Acceptable | 1,453 | 80.8% | +1.286% | $4,534 |
Refinance | Acceptable | Strong | Mediocre | Sound | 345 | 19.2% | +1.171% | $4,127 |
Geographic Coverage
Metro Areas
42
States Served
49
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVOHOKORPARISCTNTXUTVAVTWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Miami, FLMSA
Volume: 126Mix: 7.01%
Place Specialization
Strong
2
Fort Lauderdale, FLMSA
Volume: 73Mix: 4.06%
Place Specialization
Strong
3
Dallas, TXMSA
Volume: 62Mix: 3.45%
Place Specialization
Sound
4
West Palm Beach, FLMSA
Volume: 39Mix: 2.17%
Place Specialization
Sound
5
Los Angeles, CAMSA
Volume: 57Mix: 3.17%
Place Specialization
Sound
6
Houston, TXMSA
Volume: 56Mix: 3.11%
Place Specialization
Sound
7
Riverside, CAMSA
Volume: 43Mix: 2.39%
Place Specialization
Sound
8
Atlanta, GAMSA
Volume: 43Mix: 2.39%
Place Specialization
Sound
9
Anaheim, CAMSA
Volume: 31Mix: 1.72%
Place Specialization
Sound
10
Orlando, FLMSA
Volume: 35Mix: 1.95%
Place Specialization
Sound
Showing 10 of 42 metro areas
Top States by Place Specialization Score
1
FLState
Volume: 455Mix: 25.31%
Place Specialization
Strong
2
TXState
Volume: 234Mix: 13.01%
Place Specialization
Strong
3
CAState
Volume: 240Mix: 13.35%
Place Specialization
Strong
4
SCState
Volume: 52Mix: 2.89%
Place Specialization
Sound
5
NJState
Volume: 54Mix: 3.00%
Place Specialization
Sound
6
GAState
Volume: 65Mix: 3.62%
Place Specialization
Sound
7
VAState
Volume: 53Mix: 2.95%
Place Specialization
Sound
8
TNState
Volume: 48Mix: 2.67%
Place Specialization
Sound
9
NCState
Volume: 54Mix: 3.00%
Place Specialization
Sound
10
COState
Volume: 43Mix: 2.39%
Place Specialization
Sound
Showing 10 of 30 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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