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First Equity Mortgage Bankers

Independent Mortgage Company•Miami, FLHQ•Direct•Reviews near you on Google

We analyzed every closed loan from First Equity Mortgage Bankers — 496 loans across 902 applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Mediocre
1/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · Jumbo · USDA
Place
Sound
3/5
Single State · 7 mkts

Safe Rate Summary

What They Do Well

  • Strong pull through performance
  • Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans

Things to Think About

  • Rates typically 83 basis points above market average

Explore another lender or local market

Report Card

First Equity Mortgage Bankers performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Mediocre
+82.5 bps above market avg
Pull Through
Closing strength
Strong
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
FHA
Strong
Top 40% of lenders
VA
Strong
Top 40% of lenders
Jumbo
Strong
Top 40% of lenders
USDA
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Sound
Top 60% of lenders
By Location· Geographic coverage
Geographic Reach
Single State · 8 markets
Sound
Top 60% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Sound
Product
Strong
Pricing
Mediocre
Pull Through
Strong
Volume227
Mix45.8%
Spread
+0.836%Above
Fees
$4,479Fees
FHA Loans
Overall
Sound
Product
Strong
Pricing
Mediocre
Pull Through
Strong
Volume205
Mix41.3%
Spread
+0.995%Above
Fees
$3,800Fees
VA Loans
Overall
Strong
Product
Strong
Pricing—
Pull Through
Strong
Volume19
Mix3.8%
Spread
+0.176%Above
Fees
$4,327Fees
Jumbo Loans
Overall
Sound
Product
Strong
Pricing—
Pull Through
Sound
Volume23
Mix4.6%
Spread
+0.251%Above
Fees
$2,058Fees
USDA Loans
Overall
Strong
Product
Strong
Pricing—
Pull Through
Sound
Volume22
Mix4.4%
Spread
+0.124%Above
Fees
$3,383Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Sound
Product
Strong
Pricing
Mediocre
Pull Through
Strong
Volume463
Mix93.3%
Spread
+0.839%Above
Fees
$4,022Fees
Refinance
Overall
Sound
Product
Sound
Pricing—
Pull Through
Sound
Volume33
Mix6.7%
Spread
+0.600%Above
Fees
$2,972Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
496
Applications
902
Volume
$138 million
Pricing & Closing
Avg Rate Spread
+0.825%
vs. market APOR
Avg Net Fees
$3,960
Origination − Credits
Pullthrough Rate
55.0%
Applications → Closed
Typical Borrower
Avg Loan Amount
$279,556
Avg Borrower Income
$138,865
Avg Property Value
$371,774

Geographic Coverage

Geographic Performance

Metro Areas
7
markets with activity
States Served
1
of 50 states + DC
Avg Place Specialization
Sound
3/5

States with Loan Originations

1
1 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
South1
FL

Top Metro Areas by Place Specialization Score

1© Wilfredor · CC0
San Juan, PRMetro
Volume 300Mix 60.48% of portfolio
83/100
Exceptional
2© laura0509 · CC BY-SA 2.0
Ponce, PRMetro
Volume 27Mix 5.44% of portfolio
65/100
Strong
3© Venusetdilecti · CC BY-SA 4.0
Miami, FLMetro
Volume 54Mix 10.89% of portfolio
63/100
Strong
4© Interface Multimedia, Inc. · CC BY-SA 4.0
Tampa, FLMetro
Volume 22Mix 4.44% of portfolio
50/100
Sound
5© Yarfpr · CC BY-SA 4.0
Aguadilla, PRMetro
Volume 14Mix 2.82% of portfolio
49/100
Sound
6© Don Ramey Logan · CC BY 4.0
West Palm Beach, FLMetro
Volume 14Mix 2.82% of portfolio
47/100
Sound
7© Rody PR · CC BY-SA 4.0
Mayaguez, PRMetro
Volume 12Mix 2.42% of portfolio
46/100
Sound

Top States by Place Specialization Score

Florida
Florida
1
FloridaState
Volume 122Mix 24.60% of portfolio
61/100
Strong

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
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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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.