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DIRECT MORTGAGE LOANS, LLC
Independent Mortgage Company|HUNT VALLEY, MD|Near-National
Loans Originated
2,283
Applications
2,806
Volume
$758 million
Offers loans directly to consumers
Overall Pricing
Mediocre
Overall Pull Through
Exceptional
Pricing and Pullthrough Overview
Average Rate Spread
+0.493%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$4,275
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
81.4%
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
- Nationwide availability with consistent service
Things to Think About
- Pricing may be below industry average
- Higher than average fees ($4,275)
Report Card
DIRECT MORTGAGE LOANS, LLC performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Mediocre | Below peers | |
Pull Through Closing Strength | Exceptional | Market Leader | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Exceptional | Market Leader | |
VA | Strong | Highly Competitive | |
Jumbo | Sound | Industry Standard | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Strong | Near-National · 23 metro areas · 28 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$332,311
Average Borrower Income
$131,218
Average Property Value
$398,066
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Mediocre | Strong | 1,256 | 55.0% | +0.424% | $4,139 |
FHA Loans | Sound | Exceptional | Mediocre | Exceptional | 788 | 34.5% | +0.717% | $4,478 |
VA Loans | Sound | Strong | Mediocre | Strong | 172 | 7.5% | +0.037% | $4,728 |
Jumbo Loans | Sound | Sound | N/A | N/A | 16 | 0.7% | +0.971% | $5,406 |
USDA Loans | Strong | Exceptional | N/A | Strong | 51 | 2.2% | +0.832% | $3,402 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Mediocre | Strong | 2,164 | 94.8% | +0.506% | $4,314 |
Refinance | Sound | Sound | Acceptable | Strong | 119 | 5.2% | +0.305% | $3,719 |
Geographic Coverage
Metro Areas
22
States Served
28
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: 207Mix: 9.07%
Place Specialization
Exceptional
2
Baltimore, MDMSA
Volume: 566Mix: 24.79%
Place Specialization
Exceptional
3
Charleston, SCMSA
Volume: 212Mix: 9.29%
Place Specialization
Exceptional
4
Chambersburg, PA, PAMSA
Volume: 41Mix: 1.80%
Place Specialization
Strong
5
Frederick, MDMSA
Volume: 97Mix: 4.25%
Place Specialization
Strong
6
Palm Bay, FLMSA
Volume: 92Mix: 4.03%
Place Specialization
Strong
7
Washington, DC, DC-MDMSA
Volume: 87Mix: 3.81%
Place Specialization
Strong
8
Phoenix, AZMSA
Volume: 191Mix: 8.37%
Place Specialization
Strong
9
Mobile, AL, ALMSA
Volume: 48Mix: 2.10%
Place Specialization
Strong
10
Hagerstown, MD-WVMSA
Volume: 56Mix: 2.45%
Place Specialization
Strong
Showing 10 of 22 metro areas
Top States by Place Specialization Score
1
MDState
Volume: 881Mix: 38.59%
Place Specialization
Exceptional
2
SCState
Volume: 241Mix: 10.56%
Place Specialization
Strong
3
INState
Volume: 288Mix: 12.61%
Place Specialization
Strong
4
AZState
Volume: 212Mix: 9.29%
Place Specialization
Strong
5
PAState
Volume: 94Mix: 4.12%
Place Specialization
Sound
6
ALState
Volume: 61Mix: 2.67%
Place Specialization
Sound
7
DCState
Volume: 34Mix: 1.49%
Place Specialization
Sound
8
FLState
Volume: 133Mix: 5.83%
Place Specialization
Sound
9
DEState
Volume: 38Mix: 1.66%
Place Specialization
Sound
10
OHState
Volume: 70Mix: 3.07%
Place Specialization
Sound
Showing 10 of 15 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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