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ENVOY MORTGAGE, LTD
Independent Mortgage Company|AUSTIN, TX|National
Loans Originated
3,535
Applications
6,332
Volume
$1 billion
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Sound
Pricing and Pullthrough Overview
Average Rate Spread
+0.440%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,262
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
55.8%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
- Nationwide availability with consistent service
Things to Think About
- Pricing may be below industry average
Report Card
ENVOY MORTGAGE, LTD performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Exceptional | Market Leader | |
VA | Exceptional | Market Leader | |
Jumbo | Strong | Highly Competitive | |
USDA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | National · 50 metro areas · 43 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$371,150
Average Borrower Income
$137,975
Average Property Value
$462,662
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Sound | 2,168 | 61.3% | +0.428% | $3,172 |
FHA Loans | Sound | Exceptional | Acceptable | Sound | 866 | 24.5% | +0.769% | $3,872 |
VA Loans | Sound | Exceptional | Acceptable | Sound | 435 | 12.3% | -0.084% | $2,795 |
Jumbo Loans | Sound | Strong | Acceptable | Sound | 46 | 1.3% | +0.341% | $2,930 |
USDA Loans | Sound | Strong | N/A | Sound | 20 | 0.6% | +0.785% | $2,607 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Exceptional | Acceptable | Sound | 3,332 | 94.3% | +0.447% | $3,276 |
Refinance | Sound | Strong | Acceptable | Acceptable | 203 | 5.7% | +0.352% | $3,075 |
Geographic Coverage
Metro Areas
49
States Served
43
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
AKALARAZCACOCTDCDEFLGAIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNHNJNMOHOKORPARISCTNTXVAWAWIWV
Top Metro Areas by Place Specialization Score
1
Rockford, IL, ILMSA
Volume: 129Mix: 3.65%
Place Specialization
Strong
2
Missoula, MT, MTMSA
Volume: 46Mix: 1.30%
Place Specialization
Strong
3
Rockingham County, NHMSA
Volume: 99Mix: 2.80%
Place Specialization
Strong
4
Louisville/Jefferson County, KY, KY-INMSA
Volume: 122Mix: 3.45%
Place Specialization
Strong
5
Worcester, MA, MAMSA
Volume: 63Mix: 1.78%
Place Specialization
Strong
6
Winston, NCMSA
Volume: 68Mix: 1.92%
Place Specialization
Strong
7
Baltimore, MDMSA
Volume: 113Mix: 3.20%
Place Specialization
Strong
8
Wilmington, DEMSA
Volume: 76Mix: 2.15%
Place Specialization
Strong
9
Houston, TXMSA
Volume: 141Mix: 3.99%
Place Specialization
Strong
10
San Luis Obispo, CAMSA
Volume: 39Mix: 1.10%
Place Specialization
Strong
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
NHState
Volume: 156Mix: 4.41%
Place Specialization
Strong
2
WAState
Volume: 246Mix: 6.96%
Place Specialization
Strong
3
MDState
Volume: 269Mix: 7.61%
Place Specialization
Strong
4
KYState
Volume: 137Mix: 3.88%
Place Specialization
Strong
5
TXState
Volume: 318Mix: 9.00%
Place Specialization
Strong
6
ILState
Volume: 189Mix: 5.35%
Place Specialization
Strong
7
MTState
Volume: 93Mix: 2.63%
Place Specialization
Strong
8
CAState
Volume: 320Mix: 9.05%
Place Specialization
Strong
9
MAState
Volume: 154Mix: 4.36%
Place Specialization
Strong
10
ORState
Volume: 104Mix: 2.94%
Place Specialization
Strong
Showing 10 of 39 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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