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EAST COAST CAPITAL CORP.
Independent Mortgage Company|MELVILLE, NY|Near-National
Loans Originated
1,120
Applications
1,780
Volume
$544 million
Offers loans directly to consumers
Overall Pricing
Mediocre
Overall Pull Through
Strong
Pricing and Pullthrough Overview
Average Rate Spread
+0.507%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$4,300
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
62.9%
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 Jumbo loans
- Nationwide availability with consistent service
Things to Think About
- Rates typically 51 basis points above market average
- Higher than average fees ($4,300)
Report Card
EAST COAST CAPITAL CORP. 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 | Sound | Industry Standard | |
Jumbo | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | Near-National · 13 metro areas · 26 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$486,304
Average Borrower Income
$187,783
Average Property Value
$637,589
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Acceptable | Strong | Mediocre | Sound | 700 | 62.5% | +0.429% | $4,270 |
FHA Loans | Sound | Strong | Acceptable | Strong | 363 | 32.4% | +0.668% | $4,572 |
VA Loans | Sound | Sound | N/A | Sound | 28 | 2.5% | -0.193% | $1,005 |
Jumbo Loans | Sound | Strong | N/A | Sound | 28 | 2.5% | +1.111% | $3,872 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Acceptable | Sound | 911 | 81.3% | +0.513% | $4,211 |
Refinance | Acceptable | Strong | Mediocre | Sound | 209 | 18.7% | +0.467% | $4,845 |
Geographic Coverage
Metro Areas
12
States Served
26
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
ALAZCACOCTDEFLGAILINKYMDMINCNJNVNYOHPARISCTNTXVAWAWI
Top Metro Areas by Place Specialization Score
1
Nassau County, NYMSA
Volume: 398Mix: 35.54%
Place Specialization
Exceptional
2
New York, NY-NJMSA
Volume: 233Mix: 20.80%
Place Specialization
Strong
3
Hilton Head Island, SCMSA
Volume: 35Mix: 3.12%
Place Specialization
Strong
4
Columbus, OH, OHMSA
Volume: 44Mix: 3.93%
Place Specialization
Sound
5
Lakewood, NJMSA
Volume: 34Mix: 3.04%
Place Specialization
Sound
6
Reading, PA, PAMSA
Volume: 24Mix: 2.14%
Place Specialization
Sound
7
Kiryas Joel, NYMSA
Volume: 26Mix: 2.32%
Place Specialization
Sound
8
Newark, NJ, NJMSA
Volume: 18Mix: 1.61%
Place Specialization
Sound
9
Trenton, NJMSA
Volume: 13Mix: 1.16%
Place Specialization
Sound
10
Baltimore, MDMSA
Volume: 19Mix: 1.70%
Place Specialization
Sound
Showing 10 of 12 metro areas
Top States by Place Specialization Score
1
NYState
Volume: 647Mix: 57.77%
Place Specialization
Exceptional
2
NJState
Volume: 107Mix: 9.55%
Place Specialization
Strong
3
PAState
Volume: 75Mix: 6.70%
Place Specialization
Sound
4
SCState
Volume: 44Mix: 3.93%
Place Specialization
Sound
5
OHState
Volume: 54Mix: 4.82%
Place Specialization
Sound
6
FLState
Volume: 64Mix: 5.71%
Place Specialization
Sound
7
CTState
Volume: 28Mix: 2.50%
Place Specialization
Sound
8
MDState
Volume: 21Mix: 1.88%
Place Specialization
Sound
9
NCState
Volume: 16Mix: 1.43%
Place Specialization
Acceptable
10
GAState
Volume: 13Mix: 1.16%
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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