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DEVELOPER'S MORTGAGE COMPANY
Independent Mortgage Company|COLUMBUS, OH|Multi-Region
Loans Originated
560
Applications
843
Volume
$184 million
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Sound
Pricing and Pullthrough Overview
Average Rate Spread
+0.433%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,867
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
66.4%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Particularly strong in Conventional and FHA and USDA loans
Things to Think About
- Pricing may be below industry average
Report Card
DEVELOPER'S MORTGAGE COMPANY performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
VA | Sound | Industry Standard | |
USDA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Acceptable | Near industry average | |
Places Geographic coverage | Sound | Multi-Regional · 17 metro areas · 14 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$330,143
Average Borrower Income
$180,361
Average Property Value
$433,018
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Sound | 400 | 71.4% | +0.394% | $2,972 |
FHA Loans | Sound | Strong | Acceptable | Sound | 107 | 19.1% | +0.669% | $2,550 |
VA Loans | Acceptable | Sound | N/A | Acceptable | 28 | 5.0% | +0.140% | $2,827 |
USDA Loans | Strong | Strong | N/A | Strong | 22 | 3.9% | +0.170% | $351 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Acceptable | Sound | 521 | 93.0% | +0.438% | $2,844 |
Refinance | Acceptable | Acceptable | Acceptable | Acceptable | 39 | 7.0% | +0.377% | $3,124 |
Geographic Coverage
Metro Areas
16
States Served
14
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
CTFLGAILINNCNJNYOHOKPASCTXWV
Top Metro Areas by Place Specialization Score
1
Wheeling, WV, WV-OHMSA
Volume: 40Mix: 7.14%
Place Specialization
Strong
2
Columbus, OH, OHMSA
Volume: 63Mix: 11.25%
Place Specialization
Strong
3
Montgomery County, PAMSA
Volume: 39Mix: 6.96%
Place Specialization
Strong
4
Austin, TXMSA
Volume: 38Mix: 6.79%
Place Specialization
Sound
5
Philadelphia, PA, PAMSA
Volume: 32Mix: 5.71%
Place Specialization
Sound
6
Tulsa, OK, OKMSA
Volume: 34Mix: 6.07%
Place Specialization
Sound
7
Newark, NJ, NJMSA
Volume: 27Mix: 4.82%
Place Specialization
Sound
8
New York, NY-NJMSA
Volume: 22Mix: 3.93%
Place Specialization
Sound
9
Nassau County, NYMSA
Volume: 18Mix: 3.21%
Place Specialization
Sound
10
Orlando, FLMSA
Volume: 19Mix: 3.39%
Place Specialization
Sound
Showing 10 of 16 metro areas
Top States by Place Specialization Score
1
NJState
Volume: 98Mix: 17.50%
Place Specialization
Strong
2
OHState
Volume: 129Mix: 23.04%
Place Specialization
Strong
3
PAState
Volume: 97Mix: 17.32%
Place Specialization
Strong
4
OKState
Volume: 44Mix: 7.86%
Place Specialization
Sound
5
WVState
Volume: 23Mix: 4.11%
Place Specialization
Sound
6
TXState
Volume: 56Mix: 10.00%
Place Specialization
Sound
7
ILState
Volume: 33Mix: 5.89%
Place Specialization
Sound
8
NYState
Volume: 24Mix: 4.29%
Place Specialization
Sound
9
FLState
Volume: 32Mix: 5.71%
Place Specialization
Sound
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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