Developer'S Mortgage Company
We analyzed every closed loan from Developer'S Mortgage Company — 560 loans across 843 applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Acceptable
2/5
vs. all lenders
Pull-through
Sound
3/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · USDA
Place
Sound
3/5
Multi-Region · 16 mkts
Summary
What They Do Well
- Particularly strong in Conventional and FHA and USDA loans
Things to Think About
- Pricing may be below industry average
Explore another lender or local market
Report Card
Developer'S Mortgage Company performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+43.3 bps above market avg
Pull Through
Closing strength
Sound
Top 60% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
FHA
Strong
Top 40% of lenders
VA
Sound
Top 60% of lenders
USDA
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Acceptable
Bottom 40% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 17 markets
Sound
Top 60% of lenders
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 400 | 71.4% | +0.394%Above | $2,972Fees | ||||
FHA Loans | 107 | 19.1% | +0.669%Above | $2,550Fees | ||||
VA Loans | — | 28 | 5.0% | +0.140%Above | $2,827Fees | |||
USDA Loans | — | 22 | 3.9% | +0.170%Above | $351Fees |
Conventional
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughSound
Volume400
Mix71.4%
Spread
+0.394%Above
Fees
$2,972Fees
FHA Loans
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughSound
Volume107
Mix19.1%
Spread
+0.669%Above
Fees
$2,550Fees
VA Loans
OverallSound
ProductSound
Pricing—
Pull ThroughAcceptable
Volume28
Mix5.0%
Spread
+0.140%Above
Fees
$2,827Fees
USDA Loans
OverallStrong
ProductStrong
Pricing—
Pull ThroughStrong
Volume22
Mix3.9%
Spread
+0.170%Above
Fees
$351Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 521 | 93.0% | +0.438%Above | $2,844Fees | ||||
Refinance | 39 | 7.0% | +0.377%Above | $3,124Fees |
Purchase
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughSound
Volume521
Mix93.0%
Spread
+0.438%Above
Fees
$2,844Fees
Refinance
OverallAcceptable
ProductAcceptable
PricingAcceptable
Pull ThroughAcceptable
Volume39
Mix7.0%
Spread
+0.377%Above
Fees
$3,124Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
560
Applications
843
Volume
$184 million
Pricing & Closing
Avg Rate Spread
+0.433%
vs. market APOR
Avg Net Fees
$2,867
Origination − Credits
Pullthrough Rate
66.4%
Applications → Closed
Typical Borrower
Avg Loan Amount
$330,143
Avg Borrower Income
$180,361
Avg Property Value
$433,018
Geographic Coverage
Geographic Performance
Metro Areas
16
markets with activity
States Served
14
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
14Northeast4
CTNJNYPA
Midwest3
ILINOH
South7
FLGANCOKSCTXWV
Top Metro Areas by Place Specialization Score
Volume 40Mix 7.14% of portfolio
73/100
Strong
Volume 63Mix 11.25% of portfolio
65/100
Strong
Volume 39Mix 6.96% of portfolio
61/100
Strong
Volume 38Mix 6.79% of portfolio
58/100
Sound
Volume 32Mix 5.71% of portfolio
58/100
Sound
Volume 34Mix 6.07% of portfolio
56/100
Sound
Volume 27Mix 4.82% of portfolio
55/100
Sound
Volume 22Mix 3.93% of portfolio
49/100
Sound
Volume 18Mix 3.21% of portfolio
48/100
Sound
Volume 19Mix 3.39% of portfolio
48/100
SoundShowing 10 of 16 metro areas
Top States by Place Specialization Score
1
New JerseyState
Volume 98Mix 17.50% of portfolio
66/100
Strong2
OhioState
Volume 129Mix 23.04% of portfolio
65/100
Strong3
PennsylvaniaState
Volume 97Mix 17.32% of portfolio
64/100
Strong4
OklahomaState
Volume 44Mix 7.86% of portfolio
57/100
Sound5
West VirginiaState
Volume 23Mix 4.11% of portfolio
53/100
Sound6
TexasState
Volume 56Mix 10.00% of portfolio
52/100
Sound7
IllinoisState
Volume 33Mix 5.89% of portfolio
51/100
Sound8
New YorkState
Volume 24Mix 4.29% of portfolio
48/100
Sound9
FloridaState
Volume 32Mix 5.71% of portfolio
46/100
SoundHow We Rank Lenders
Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.
Our Point System (Max 30 Points)
10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
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 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
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.