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Diamond Residential Mortgage Corporation
Independent Mortgage Company•LAKE FOREST, IL•Direct to Consumer
We analyzed every closed loan from Diamond Residential Mortgage — 1.1k loans across 1k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Mediocre
vs. all lenders
Pull Through
Strong
closing strength
Products
Strong
FHA · Conventional · VA · USDA
Place
Sound
Multi-Region · 16 mkts
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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
Explore another lender or local market
Report Card
Diamond Residential Mortgage Corporation performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Below peers +69.1 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 | |
USDA | Highly Competitive Top 40% 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 Multi-Regional17 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 666 | 59.1% | +0.555%Above | $2,748Fees | ||||
FHA Loans | 362 | 32.1% | +1.063%Above | $3,715Fees | ||||
VA Loans | 57 | 5.1% | +0.428%Above | $3,205Fees | ||||
USDA Loans | — | 33 | 2.9% | +0.758%Above | $1,850Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 1,010 | 89.6% | +0.712%Above | $2,997Fees | ||||
Refinance | 117 | 10.4% | +0.533%Above | $3,096Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,127
Applications
1,444
Volume
$288 million
Pricing & Closing
Avg Rate Spread
+0.691%
vs. market APOR
Avg Net Fees
$3,009
Origination − Credits
Pullthrough Rate
78.0%
Applications → Closed
Typical Borrower
Avg Loan Amount
$256,411
Avg Borrower Income
$116,313
Avg Property Value
$311,238
Geographic Coverage
Geographic Performance
Metro Areas
16
States Served
18
We count Washington DC as a state
Avg Place Specialization
States with Loan Originations
CACOFLGAILINKYMIMNMONVOHORSCTNTXWAWI
Top Metro Areas by Place Specialization Score
1
Lake County, INMSA
Volume: 325Mix: 28.84%of portfolio
Place
Exceptional2
Lake County, IL, ILMSA
Volume: 92Mix: 8.16%of portfolio
Place
Exceptional3
Fort Wayne, IN, INMSA
Volume: 83Mix: 7.36%of portfolio
Place
Strong4
Michigan City, INMSA
Volume: 26Mix: 2.31%of portfolio
Place
Strong5
Racine, WIMSA
Volume: 30Mix: 2.66%of portfolio
Place
Strong6
Atlanta, GAMSA
Volume: 65Mix: 5.77%of portfolio
Place
Sound7
Chicago, ILMSA
Volume: 58Mix: 5.15%of portfolio
Place
Sound8
Springfield, IL, ILMSA
Volume: 25Mix: 2.22%of portfolio
Place
Sound9
Milwaukee, WIMSA
Volume: 32Mix: 2.84%of portfolio
Place
Sound10
Kenosha, WI, WIMSA
Volume: 17Mix: 1.51%of portfolio
Place
SoundShowing 10 of 16 metro areas
Top States by Place Specialization Score
1
INState
Volume: 501Mix: 44.45%of portfolio
Place
Strong2
ILState
Volume: 248Mix: 22.01%of portfolio
Place
Strong3
WIState
Volume: 125Mix: 11.09%of portfolio
Place
Strong4
GAState
Volume: 80Mix: 7.10%of portfolio
Place
Sound5
MIState
Volume: 52Mix: 4.61%of portfolio
Place
Sound6
COState
Volume: 22Mix: 1.95%of portfolio
Place
Sound7
OHState
Volume: 22Mix: 1.95%of portfolio
Place
Sound8
WAState
Volume: 17Mix: 1.51%of portfolio
Place
Sound9
TXState
Volume: 24Mix: 2.13%of portfolio
Place
Sound10
FLState
Volume: 20Mix: 1.77%of portfolio
Place
AcceptableHow 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.