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FIRST STATE MORTGAGE SERVICES, LLC
Independent Mortgage Company|MENDOTA, IL|Multi-Region
Loans Originated
1,247
Applications
1,463
Volume
$296 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Sound
Overall Pull Through
Exceptional
Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐VA Superstar⭐USDA Superstar⭐Purchase Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.359%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,418
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
85.2%
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
FIRST STATE MORTGAGE SERVICES, LLC performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Sound | Industry Standard | |
Pull Through Closing Strength | Exceptional | Market Leader | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
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 | Strong | Multi-Regional · 9 metro areas · 23 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$237,991
Average Borrower Income
$116,569
Average Property Value
$295,978
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Exceptional | Sound | Exceptional | 984 | 78.9% | +0.339% | $1,483 |
FHA Loans | Strong | Strong | Sound | Exceptional | 132 | 10.6% | +0.714% | $1,186 |
VA Loans | Strong | Strong | Sound | Exceptional | 65 | 5.2% | -0.046% | $834 |
USDA Loans | Strong | Exceptional | Strong | Strong | 65 | 5.2% | +0.517% | $994 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Exceptional | Sound | Exceptional | 1,157 | 92.8% | +0.366% | $1,474 |
Refinance | Strong | Strong | Sound | Strong | 90 | 7.2% | +0.285% | $793 |
Geographic Coverage
Metro Areas
8
States Served
23
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
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Top Metro Areas by Place Specialization Score
1
Bloomington, IL, ILMSA
Volume: 580Mix: 46.51%
Place Specialization
Exceptional
2
Peoria, IL, ILMSA
Volume: 108Mix: 8.66%
Place Specialization
Strong
3
Milwaukee, WIMSA
Volume: 92Mix: 7.38%
Place Specialization
Strong
4
Champaign, ILMSA
Volume: 37Mix: 2.97%
Place Specialization
Strong
5
Chicago, ILMSA
Volume: 86Mix: 6.90%
Place Specialization
Strong
6
Decatur, IL, ILMSA
Volume: 19Mix: 1.52%
Place Specialization
Sound
7
Elgin, IL, ILMSA
Volume: 26Mix: 2.09%
Place Specialization
Sound
8
Lake County, IL, ILMSA
Volume: 10Mix: 0.80%
Place Specialization
Sound
Top States by Place Specialization Score
1
ILState
Volume: 1,052Mix: 84.36%
Place Specialization
Exceptional
2
WIState
Volume: 116Mix: 9.30%
Place Specialization
Strong
3
NEState
Volume: 10Mix: 0.80%
Place Specialization
Acceptable
4
TNState
Volume: 11Mix: 0.88%
Place Specialization
Acceptable
5
INState
Volume: 10Mix: 0.80%
Place Specialization
Acceptable
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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