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FAIRWAY INDEPENDENT MORTGAGE CORPORATION
Independent Mortgage Company|AUSTIN, TX|National
Loans Originated
61,160
Applications
80,201
Volume
$21 billion
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Acceptable
Overall Pull Through
Exceptional
Safe Rate Awards⭐FHA Superstar⭐VA Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.445%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,254
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
76.3%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- High volume lender with significant market experience
- 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
FAIRWAY INDEPENDENT MORTGAGE CORPORATION performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Exceptional | Market Leader | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
FHA | Exceptional | Market Leader | |
VA | Exceptional | Market Leader | |
Jumbo | Exceptional | Market Leader | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Exceptional | Market Leader | |
Places Geographic coverage | Exceptional | National · 50 metro areas · 51 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$355,690
Average Borrower Income
$137,775
Average Property Value
$441,453
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Exceptional | Acceptable | Strong | 39,846 | 65.2% | +0.404% | $3,164 |
FHA Loans | Strong | Exceptional | Acceptable | Exceptional | 14,189 | 23.2% | +0.791% | $3,829 |
VA Loans | Strong | Exceptional | Acceptable | Exceptional | 5,578 | 9.1% | -0.159% | $2,596 |
Jumbo Loans | Sound | Exceptional | Acceptable | Strong | 822 | 1.3% | +0.396% | $2,803 |
USDA Loans | Sound | Exceptional | Mediocre | Strong | 725 | 1.2% | +0.422% | $2,941 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Exceptional | Acceptable | Strong | 57,215 | 93.5% | +0.460% | $3,274 |
Refinance | Sound | Exceptional | Acceptable | Strong | 3,945 | 6.5% | +0.283% | $3,023 |
Geographic Coverage
Metro Areas
49
States Served
51
Why 51? We count DC as a state
Avg Place Specialization
Exceptional
States with Loan Originations
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Killeen, TXMSA
Volume: 963Mix: 1.57%
Place Specialization
Exceptional
2
Cheyenne, WY, WYMSA
Volume: 316Mix: 0.52%
Place Specialization
Exceptional
3
Birmingham, AL, ALMSA
Volume: 584Mix: 0.95%
Place Specialization
Exceptional
4
Springfield, MA, MAMSA
Volume: 346Mix: 0.57%
Place Specialization
Exceptional
5
Indianapolis, INMSA
Volume: 1,580Mix: 2.58%
Place Specialization
Exceptional
6
Topeka, KS, KSMSA
Volume: 294Mix: 0.48%
Place Specialization
Exceptional
7
Lake County, INMSA
Volume: 354Mix: 0.58%
Place Specialization
Exceptional
8
Kansas City, MO, MO-KSMSA
Volume: 1,933Mix: 3.16%
Place Specialization
Exceptional
9
Milwaukee, WIMSA
Volume: 953Mix: 1.56%
Place Specialization
Exceptional
10
Worcester, MA, MAMSA
Volume: 302Mix: 0.49%
Place Specialization
Exceptional
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
KSState
Volume: 1,609Mix: 2.63%
Place Specialization
Exceptional
2
WYState
Volume: 442Mix: 0.72%
Place Specialization
Exceptional
3
WIState
Volume: 2,513Mix: 4.11%
Place Specialization
Exceptional
4
ALState
Volume: 1,578Mix: 2.58%
Place Specialization
Exceptional
5
TXState
Volume: 6,671Mix: 10.91%
Place Specialization
Exceptional
6
AZState
Volume: 3,456Mix: 5.65%
Place Specialization
Exceptional
7
ILState
Volume: 3,156Mix: 5.16%
Place Specialization
Exceptional
8
WAState
Volume: 1,968Mix: 3.22%
Place Specialization
Exceptional
9
GAState
Volume: 3,242Mix: 5.30%
Place Specialization
Exceptional
10
INState
Volume: 2,784Mix: 4.55%
Place Specialization
Exceptional
Showing 10 of 51 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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