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DIAMOND RESIDENTIAL MORTGAGE CORPORATION
Independent Mortgage Company|LAKE FOREST, IL|Multi-Region
Loans Originated
1,127
Applications
1,444
Volume
$288 million
Offers loans directly to consumers
Overall Pricing
Mediocre
Overall Pull Through
Strong
Pricing and Pullthrough Overview
Average Rate Spread
+0.691%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,009
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
78.0%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and USDA loans
Things to Think About
- Rates typically 69 basis points above market average
Report Card
DIAMOND RESIDENTIAL MORTGAGE CORPORATION performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Mediocre | Below peers | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
USDA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | Multi-Regional · 17 metro areas · 18 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$256,411
Average Borrower Income
$116,313
Average Property Value
$311,238
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Strong | 666 | 59.1% | +0.555% | $2,748 |
FHA Loans | Sound | Strong | Mediocre | Exceptional | 362 | 32.1% | +1.063% | $3,715 |
VA Loans | Sound | Strong | Mediocre | Exceptional | 57 | 5.1% | +0.428% | $3,205 |
USDA Loans | Strong | Strong | N/A | Strong | 33 | 2.9% | +0.758% | $1,850 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Mediocre | Strong | 1,010 | 89.6% | +0.712% | $2,997 |
Refinance | Sound | Strong | Acceptable | Sound | 117 | 10.4% | +0.533% | $3,096 |
Geographic Coverage
Metro Areas
16
States Served
18
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
Lake County, INMSA
Volume: 325Mix: 28.84%
Place Specialization
Exceptional
2
Lake County, IL, ILMSA
Volume: 92Mix: 8.16%
Place Specialization
Exceptional
3
Fort Wayne, IN, INMSA
Volume: 83Mix: 7.36%
Place Specialization
Strong
4
Michigan City, INMSA
Volume: 26Mix: 2.31%
Place Specialization
Strong
5
Racine, WIMSA
Volume: 30Mix: 2.66%
Place Specialization
Strong
6
Atlanta, GAMSA
Volume: 65Mix: 5.77%
Place Specialization
Sound
7
Chicago, ILMSA
Volume: 58Mix: 5.15%
Place Specialization
Sound
8
Springfield, IL, ILMSA
Volume: 25Mix: 2.22%
Place Specialization
Sound
9
Milwaukee, WIMSA
Volume: 32Mix: 2.84%
Place Specialization
Sound
10
Kenosha, WI, WIMSA
Volume: 17Mix: 1.51%
Place Specialization
Sound
Showing 10 of 16 metro areas
Top States by Place Specialization Score
1
INState
Volume: 501Mix: 44.45%
Place Specialization
Strong
2
ILState
Volume: 248Mix: 22.01%
Place Specialization
Strong
3
WIState
Volume: 125Mix: 11.09%
Place Specialization
Strong
4
GAState
Volume: 80Mix: 7.10%
Place Specialization
Sound
5
MIState
Volume: 52Mix: 4.61%
Place Specialization
Sound
6
COState
Volume: 22Mix: 1.95%
Place Specialization
Sound
7
OHState
Volume: 22Mix: 1.95%
Place Specialization
Sound
8
WAState
Volume: 17Mix: 1.51%
Place Specialization
Sound
9
TXState
Volume: 24Mix: 2.13%
Place Specialization
Sound
10
FLState
Volume: 20Mix: 1.77%
Place Specialization
Acceptable
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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