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EQUITY RESOURCES, INC.
Independent Mortgage Company|NEWARK, OH|Multi-Region
Loans Originated
2,245
Applications
3,196
Volume
$605 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Sound
Overall Pull Through
Strong
Safe Rate Awards⭐Conventional Superstar⭐VA Superstar⭐USDA Superstar⭐Purchase Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.327%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,018
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
70.2%
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
Report Card
EQUITY RESOURCES, INC. performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Sound | Industry Standard | |
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 | Strong | Highly Competitive | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | Multi-Regional · 31 metro areas · 18 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$269,775
Average Borrower Income
$114,458
Average Property Value
$337,165
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Sound | Strong | 1,648 | 73.4% | +0.267% | $2,011 |
FHA Loans | Sound | Strong | Acceptable | Strong | 374 | 16.7% | +0.770% | $2,254 |
VA Loans | Strong | Strong | Sound | Strong | 154 | 6.9% | -0.138% | $1,486 |
USDA Loans | Strong | Exceptional | Sound | Strong | 64 | 2.9% | +0.303% | $1,766 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Exceptional | Sound | Strong | 1,970 | 87.8% | +0.344% | $2,024 |
Refinance | Sound | Strong | Sound | Sound | 275 | 12.2% | +0.224% | $1,982 |
Geographic Coverage
Metro Areas
30
States Served
18
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
CTDCDEFLGAINKYMAMDMINCNHOHPARISCVAWV
Top Metro Areas by Place Specialization Score
1
Toledo, OH, OHMSA
Volume: 202Mix: 9.00%
Place Specialization
Exceptional
2
Altoona, PA, PAMSA
Volume: 55Mix: 2.45%
Place Specialization
Exceptional
3
Pittsburgh, PA, PAMSA
Volume: 372Mix: 16.57%
Place Specialization
Exceptional
4
Columbus, OH, OHMSA
Volume: 319Mix: 14.21%
Place Specialization
Exceptional
5
Greensboro, NCMSA
Volume: 117Mix: 5.21%
Place Specialization
Strong
6
Erie, PA, PAMSA
Volume: 87Mix: 3.88%
Place Specialization
Strong
7
Raleigh, NCMSA
Volume: 104Mix: 4.63%
Place Specialization
Strong
8
New Haven, CT, CTMSA
Volume: 41Mix: 1.83%
Place Specialization
Strong
9
Lexington Park, MD, MDMSA
Volume: 37Mix: 1.65%
Place Specialization
Strong
10
Frederick, MDMSA
Volume: 41Mix: 1.83%
Place Specialization
Sound
Showing 10 of 30 metro areas
Top States by Place Specialization Score
1
PAState
Volume: 616Mix: 27.44%
Place Specialization
Exceptional
2
OHState
Volume: 728Mix: 32.43%
Place Specialization
Exceptional
3
NCState
Volume: 375Mix: 16.70%
Place Specialization
Strong
4
MDState
Volume: 158Mix: 7.04%
Place Specialization
Strong
5
CTState
Volume: 99Mix: 4.41%
Place Specialization
Strong
6
SCState
Volume: 59Mix: 2.63%
Place Specialization
Sound
7
MAState
Volume: 54Mix: 2.41%
Place Specialization
Sound
8
FLState
Volume: 64Mix: 2.85%
Place Specialization
Sound
9
MIState
Volume: 39Mix: 1.74%
Place Specialization
Sound
10
VAState
Volume: 20Mix: 0.89%
Place Specialization
Sound
Showing 10 of 11 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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