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FAIR WAY LENDING LLC
Independent Mortgage Company|LOUISVILLE, KY|Multi-Region
Loans Originated
233
Applications
284
Volume
$52 million
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Strong
Pricing and Pullthrough Overview
Average Rate Spread
+0.545%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,683
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
82.0%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in FHA and USDA loans
Things to Think About
- Rates typically 55 basis points above market average
Report Card
FAIR WAY LENDING LLC performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Sound | Industry Standard | |
FHA | Strong | Highly Competitive | |
VA | Acceptable | Near industry average | |
USDA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Sound | Industry Standard | |
Refinance | Acceptable | Near industry average | |
Places Geographic coverage | Sound | Multi-Regional · 7 metro areas · 7 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$226,073
Average Borrower Income
$90,940
Average Property Value
$278,176
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Sound | Acceptable | Strong | 143 | 61.4% | +0.438% | $2,767 |
FHA Loans | Sound | Strong | Acceptable | Strong | 62 | 26.6% | +0.831% | $2,615 |
VA Loans | Acceptable | Acceptable | N/A | N/A | 12 | 5.2% | -0.105% | $1,647 |
USDA Loans | Strong | Strong | N/A | N/A | 15 | 6.4% | +0.476% | $2,565 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Sound | Acceptable | Strong | 199 | 85.4% | +0.591% | $2,776 |
Refinance | Sound | Acceptable | Sound | Sound | 34 | 14.6% | +0.294% | $2,176 |
Geographic Coverage
Metro Areas
6
States Served
7
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
FLGAILINKYNCOH
Top Metro Areas by Place Specialization Score
1
Bloomington, IN, INMSA
Volume: 49Mix: 21.03%
Place Specialization
Strong
2
Louisville/Jefferson County, KY, KY-INMSA
Volume: 41Mix: 17.60%
Place Specialization
Strong
3
Lafayette, INMSA
Volume: 29Mix: 12.45%
Place Specialization
Strong
4
Atlanta, GAMSA
Volume: 42Mix: 18.03%
Place Specialization
Sound
5
Indianapolis, INMSA
Volume: 15Mix: 6.44%
Place Specialization
Sound
6
Evansville, IN, INMSA
Volume: 12Mix: 5.15%
Place Specialization
Sound
Top States by Place Specialization Score
1
INState
Volume: 143Mix: 61.37%
Place Specialization
Strong
2
KYState
Volume: 39Mix: 16.74%
Place Specialization
Sound
3
GAState
Volume: 43Mix: 18.45%
Place Specialization
Sound
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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