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We analyzed every closed loan from Delmar Financial — 2.1k loans across 3k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Sound
vs. all lenders
Pull Through
Strong
closing strength
Products
Strong
FHA · Conventional · VA · Jumbo · USDA
Place
Sound
Near-National · 18 mkts
Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐VA Superstar⭐Purchase Superstar⭐Refinance Superstar
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Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA loans
- Nationwide availability with consistent service
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Report Card
Delmar Financial Company performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Industry Standard +36.2 bps above market avg | |
Pull Through Closing strength | Highly Competitive Top 40% 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 | Industry Standard Top 60% 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 Near-National19 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 1,359 | 64.6% | +0.336%Above | $1,664Fees | ||||
FHA Loans | 447 | 21.3% | +0.729%Above | $2,162Fees | ||||
VA Loans | 250 | 11.9% | -0.210%Below | $1,456Fees | ||||
Jumbo Loans | — | 14 | 0.7% | +0.304%Above | $2,396Fees | |||
USDA Loans | 33 | 1.6% | +0.591%Above | $1,864Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 1,839 | 87.4% | +0.386%Above | $1,836Fees | ||||
Refinance | 264 | 12.6% | +0.217%Above | $1,218Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
2,103
Applications
2,877
Volume
$580 million
Pricing & Closing
Avg Rate Spread
+0.362%
vs. market APOR
Avg Net Fees
$1,748
Origination − Credits
Pullthrough Rate
73.1%
Applications → Closed
Typical Borrower
Avg Loan Amount
$275,804
Avg Borrower Income
$123,772
Avg Property Value
$339,798
Geographic Coverage
Geographic Performance
Metro Areas
18
States Served
34
We count Washington DC as a state
Avg Place Specialization
States with Loan Originations
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Top Metro Areas by Place Specialization Score
1
St. Louis, MO, MO-ILMSA
Volume: 1,006Mix: 47.84%of portfolio
Place
Exceptional2
Columbia, SC, SCMSA
Volume: 83Mix: 3.95%of portfolio
Place
Strong3
Gulfport, MSMSA
Volume: 58Mix: 2.76%of portfolio
Place
Strong4
Tallahassee, FL, FLMSA
Volume: 53Mix: 2.52%of portfolio
Place
Strong5
Greenville, SCMSA
Volume: 59Mix: 2.81%of portfolio
Place
Strong6
Kansas City, MO, MO-KSMSA
Volume: 76Mix: 3.61%of portfolio
Place
Strong7
Lincoln, NE, NEMSA
Volume: 45Mix: 2.14%of portfolio
Place
Strong8
Raleigh, NCMSA
Volume: 50Mix: 2.38%of portfolio
Place
Sound9
Cape Girardeau, MO, MO-ILMSA
Volume: 20Mix: 0.95%of portfolio
Place
Sound10
Charleston, SCMSA
Volume: 25Mix: 1.19%of portfolio
Place
SoundShowing 10 of 18 metro areas
Top States by Place Specialization Score
1
ILState
Volume: 597Mix: 28.39%of portfolio
Place
Exceptional2
MOState
Volume: 585Mix: 27.82%of portfolio
Place
Strong3
SCState
Volume: 216Mix: 10.27%of portfolio
Place
Strong4
NEState
Volume: 102Mix: 4.85%of portfolio
Place
Strong5
TNState
Volume: 111Mix: 5.28%of portfolio
Place
Strong6
MSState
Volume: 68Mix: 3.23%of portfolio
Place
Strong7
NCState
Volume: 122Mix: 5.80%of portfolio
Place
Sound8
FLState
Volume: 105Mix: 4.99%of portfolio
Place
Sound9
KSState
Volume: 38Mix: 1.81%of portfolio
Place
Sound10
MIState
Volume: 46Mix: 2.19%of portfolio
Place
SoundShowing 10 of 12 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.