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Foundation Mortgage Corporation

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

Foundation Mortgage Corporation has 399 closed loans in our dataset — fully analyzed and benchmarked against peers 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
Acceptable
2/5
closing strength
Product
Strong
4/5
Conventional · Jumbo
Place
Sound
3/5
Multi-Region · 8 mkts

Safe Rate Summary

Things to Think About

  • Rates typically 126 basis points above market average
  • Higher than average fees ($5,634)
  • Pull through efficiency is below industry average

Explore another lender or local market

Report Card

Foundation Mortgage Corporation performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Mediocre
+126.4 bps above market avg
Pull Through
Closing strength
Acceptable
Bottom 40% of lenders
By Loan Product· Specialization by type
Conventional
Sound
Top 60% of lenders
Jumbo
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Sound
Top 60% of lenders
Refinance
Sound
Top 60% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 9 markets
Sound
Top 60% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Acceptable
Product
Sound
Pricing
Mediocre
Pull Through
Acceptable
Volume293
Mix73.4%
Spread
+1.230%Above
Fees
$5,968Fees
Jumbo Loans
Overall
Strong
Product
Strong
Pricing—
Pull Through
Sound
Volume106
Mix26.6%
Spread
+1.423%Above
Fees
$4,088Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Acceptable
Product
Sound
Pricing
Mediocre
Pull Through
Acceptable
Volume249
Mix62.4%
Spread
+1.262%Above
Fees
$5,944Fees
Refinance
Overall
Acceptable
Product
Sound
Pricing
Mediocre
Pull Through
Sound
Volume150
Mix37.6%
Spread
+1.269%Above
Fees
$4,969Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
399
Applications
764
Volume
$316 million
Pricing & Closing
Avg Rate Spread
+1.264%
vs. market APOR
Avg Net Fees
$5,634
Origination − Credits
Pullthrough Rate
52.2%
Applications → Closed
Typical Borrower
Avg Loan Amount
$794,148
Avg Borrower Income
$649,997
Avg Property Value
$1,326,504

Geographic Coverage

Geographic Performance

Metro Areas
8
markets with activity
States Served
23
of 50 states + DC
Avg Place Specialization
Sound
3/5

States with Loan Originations

23
23 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Northeast2
NJPA
Midwest4
ILINMIOH
South9
ALFLGAMDNCSCTNTXVA
West8
AZCACOIDNVORUTWA

Top Metro Areas by Place Specialization Score

1© Eric Polk · CC BY-SA 4.0
Los Angeles, CAMetro
Volume 82Mix 20.55% of portfolio
67/100
Strong
2© Bernard Gagnon · CC BY-SA 3.0
San Diego, CAMetro
Volume 33Mix 8.27% of portfolio
56/100
Sound
3© André Regius · CC BY-SA 3.0
Anaheim, CAMetro
Volume 25Mix 6.27% of portfolio
55/100
Sound
4© Johnwayne Stroud · CC BY-SA 3.0
Riverside, CAMetro
Volume 26Mix 6.52% of portfolio
52/100
Sound
5© Venusetdilecti · CC BY-SA 4.0
Miami, FLMetro
Volume 20Mix 5.01% of portfolio
50/100
Sound
6© Michael Barera · CC BY-SA 4.0
Dallas, TXMetro
Volume 15Mix 3.76% of portfolio
44/100
Sound
7© 归零者 · CC BY-SA 4.0
Columbus, OHMetro
Volume 11Mix 2.76% of portfolio
42/100
Sound
8© DPPed · CC BY-SA 3.0
Phoenix, AZMetro
Volume 10Mix 2.51% of portfolio
40/100
Acceptable

Top States by Place Specialization Score

California
California
1
CaliforniaState
Volume 199Mix 49.87% of portfolio
67/100
Strong
Florida
Florida
2
FloridaState
Volume 62Mix 15.54% of portfolio
54/100
Sound
Texas
Texas
3
TexasState
Volume 37Mix 9.27% of portfolio
49/100
Sound
Arizona
Arizona
4
ArizonaState
Volume 15Mix 3.76% of portfolio
44/100
Sound
Ohio
Ohio
5
OhioState
Volume 13Mix 3.26% of portfolio
41/100
Sound

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.