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FIRST EQUITY MORTGAGE BANKERS, INC.
Independent Mortgage Company|MIAMI, FL|Single State
Loans Originated
496
Applications
902
Volume
$138 million
Offers loans directly to consumers
Overall Pricing
Mediocre
Overall Pull Through
Strong
Pricing and Pullthrough Overview
Average Rate Spread
+0.825%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,960
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
55.0%
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 Jumbo and USDA loans
Things to Think About
- Rates typically 83 basis points above market average
Report Card
FIRST EQUITY MORTGAGE BANKERS, INC. performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Mediocre | Below peers | |
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 | |
Jumbo | Strong | Highly Competitive | |
USDA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Sound | Single State · 8 metro areas · 1 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$279,556
Average Borrower Income
$138,865
Average Property Value
$371,774
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Mediocre | Strong | 227 | 45.8% | +0.836% | $4,479 |
FHA Loans | Sound | Strong | Mediocre | Strong | 205 | 41.3% | +0.995% | $3,800 |
VA Loans | Strong | Strong | N/A | Strong | 19 | 3.8% | +0.176% | $4,327 |
Jumbo Loans | Sound | Strong | N/A | Sound | 23 | 4.6% | +0.251% | $2,058 |
USDA Loans | Sound | Strong | N/A | Sound | 22 | 4.4% | +0.124% | $3,383 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Mediocre | Strong | 463 | 93.3% | +0.839% | $4,022 |
Refinance | Sound | Sound | N/A | Sound | 33 | 6.7% | +0.600% | $2,972 |
Geographic Coverage
Metro Areas
7
States Served
1
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
FL
Top Metro Areas by Place Specialization Score
1
San Juan, PRMSA
Volume: 300Mix: 60.48%
Place Specialization
Exceptional
2
Ponce, PR, PRMSA
Volume: 27Mix: 5.44%
Place Specialization
Strong
3
Miami, FLMSA
Volume: 54Mix: 10.89%
Place Specialization
Strong
4
Tampa, FL, FLMSA
Volume: 22Mix: 4.44%
Place Specialization
Sound
5
Aguadilla, PR, PRMSA
Volume: 14Mix: 2.82%
Place Specialization
Sound
6
West Palm Beach, FLMSA
Volume: 14Mix: 2.82%
Place Specialization
Sound
7
Mayaguez, PR, PRMSA
Volume: 12Mix: 2.42%
Place Specialization
Sound
Top States by Place Specialization Score
1
FLState
Volume: 122Mix: 24.60%
Place Specialization
Strong
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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