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FlexPoint, Inc.
Independent Mortgage Company|Costa Mesa, CA|Multi-Region
Loans Originated
1,222
Applications
2,336
Volume
$678 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Mediocre
Overall Pull Through
Sound
Pricing and Pullthrough Overview
Average Rate Spread
+0.685%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$4,371
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
52.3%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Particularly strong in Conventional and FHA and VA and Jumbo loans
Things to Think About
- Rates typically 69 basis points above market average
- Higher than average fees ($4,371)
Report Card
FlexPoint, Inc. performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Mediocre | Below peers | |
Pull Through Closing Strength | Sound | Industry Standard | |
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 | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | Multi-Regional · 21 metro areas · 17 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$555,106
Average Borrower Income
$239,164
Average Property Value
$716,414
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Acceptable | Strong | Mediocre | Sound | 727 | 59.5% | +0.786% | $4,973 |
FHA Loans | Sound | Strong | Acceptable | Strong | 389 | 31.8% | +0.590% | $3,747 |
VA Loans | Sound | Strong | N/A | Sound | 29 | 2.4% | -0.094% | $3,331 |
Jumbo Loans | Sound | Strong | N/A | Sound | 77 | 6.3% | +0.799% | $2,102 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Acceptable | Strong | Mediocre | Sound | 1,022 | 83.6% | +0.697% | $4,394 |
Refinance | Acceptable | Strong | Mediocre | Sound | 200 | 16.4% | +0.627% | $4,255 |
Geographic Coverage
Metro Areas
20
States Served
17
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
AZCACOFLGALAMDNCNJNMNVORPATNTXVAWA
Top Metro Areas by Place Specialization Score
1
Salinas, CA, CAMSA
Volume: 70Mix: 5.73%
Place Specialization
Exceptional
2
Merced, CA, CAMSA
Volume: 37Mix: 3.03%
Place Specialization
Strong
3
Modesto, CA, CAMSA
Volume: 66Mix: 5.40%
Place Specialization
Strong
4
Bakersfield, CAMSA
Volume: 107Mix: 8.76%
Place Specialization
Strong
5
Los Angeles, CAMSA
Volume: 184Mix: 15.06%
Place Specialization
Strong
6
Riverside, CAMSA
Volume: 135Mix: 11.05%
Place Specialization
Strong
7
Anaheim, CAMSA
Volume: 82Mix: 6.71%
Place Specialization
Strong
8
Stockton, CAMSA
Volume: 42Mix: 3.44%
Place Specialization
Strong
9
Dallas, TXMSA
Volume: 48Mix: 3.93%
Place Specialization
Sound
10
Sacramento, CAMSA
Volume: 30Mix: 2.45%
Place Specialization
Sound
Showing 10 of 20 metro areas
Top States by Place Specialization Score
1
CAState
Volume: 913Mix: 74.71%
Place Specialization
Strong
2
TXState
Volume: 107Mix: 8.76%
Place Specialization
Sound
3
FLState
Volume: 72Mix: 5.89%
Place Specialization
Sound
4
GAState
Volume: 27Mix: 2.21%
Place Specialization
Sound
5
NCState
Volume: 28Mix: 2.29%
Place Specialization
Sound
6
AZState
Volume: 14Mix: 1.15%
Place Specialization
Sound
7
COState
Volume: 11Mix: 0.90%
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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