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Dragas Mortgage Company

Independent Mortgage CompanyVirginia Beach, VADirect to Consumer

Dragas Mortgage has 109 closed loans in our dataset — fully analyzed and benchmarked against peers across the 4 Ps of Mortgage Shopping.

Pricing
Acceptable
vs. all lenders
Pull Through
Strong
closing strength
Products
Strong
FHA · Conventional · VA
Place
Strong
Single State · 1 mkts

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Safe Rate's Summary

What They Do Well

  • Strong pull through performance

Things to Think About

  • Pricing may be below industry average
  • Higher than average fees ($4,461)

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Report Card

Dragas Mortgage Company performance at a glance

CategoryScorevs. Peers
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
Near industry average
+1.7 bps above market avg
Pull Through
Closing strength
Strong
Highly Competitive
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Acceptable
Near industry average
Bottom 40% of lenders
FHA
Sound
Industry Standard
Top 60% of lenders
VA
Strong
Highly Competitive
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Sound
Industry Standard
Top 60% of lenders
By Location· Geographic coverage
Geographic Reach
Coverage footprint
Strong
Highly Competitive
Top 40% of lenders
Single State1 markets

Loan Product Performance

Performance by Loan Product

Loan TypeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Conventional
Acceptable
Acceptable
Acceptable
Sound
3128.4%
+0.188%Above
$4,251Fees
FHA Loans
Sound
Sound
Strong
2623.9%
+0.104%Above
$4,340Fees
VA Loans
Strong
Strong
Exceptional
5247.7%
-0.340%Below
$4,909Fees

Loan Purpose Performance

Performance by Loan Purpose

PurposeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Purchase
Sound
Sound
Acceptable
Strong
109100.0%
+0.017%Above
$4,461Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
109
Applications
125
Volume
$38 million
Pricing & Closing
Avg Rate Spread
+0.017%
vs. market APOR
Avg Net Fees
$4,461
Origination − Credits
Pullthrough Rate
87.2%
Applications → Closed
Typical Borrower
Avg Loan Amount
$352,523
Avg Borrower Income
$134,349
Avg Property Value
$399,404

Geographic Coverage

Geographic Performance

Metro Areas
1
States Served
1
We count Washington DC as a state
Avg Place Specialization
Strong

States with Loan Originations

VA

Top Metro Areas by Place Specialization Score

1
Virginia Beach, VA-NCMSA
Volume: 109Mix: 100.00%of portfolio
Place
Strong

Top States by Place Specialization Score

1
VAState
Volume: 109Mix: 100.00%of portfolio
Place
Strong

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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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.