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FRANKLIN LOAN CORPORATION
Independent Mortgage Company|PALM DESERT, CA|Multi-Region
Loans Originated
1,341
Applications
1,713
Volume
$669 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Acceptable
Overall Pull Through
Exceptional
Pricing and Pullthrough Overview
Average Rate Spread
+0.405%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,879
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
78.3%
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 loans
Things to Think About
- Pricing may be below industry average
Report Card
FRANKLIN LOAN CORPORATION performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Exceptional | Market Leader | |
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 · 19 metro areas · 19 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$499,340
Average Borrower Income
$253,878
Average Property Value
$701,585
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Strong | 757 | 56.5% | +0.439% | $3,419 |
FHA Loans | Sound | Strong | Acceptable | Exceptional | 417 | 31.1% | +0.399% | $5,282 |
VA Loans | Sound | Strong | Acceptable | Exceptional | 74 | 5.5% | -0.318% | $3,296 |
Jumbo Loans | Sound | Strong | Mediocre | Exceptional | 92 | 6.9% | +0.869% | $2,371 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Acceptable | Strong | 896 | 66.8% | +0.454% | $3,584 |
Refinance | Sound | Strong | Acceptable | Strong | 445 | 33.2% | +0.293% | $4,546 |
Geographic Coverage
Metro Areas
18
States Served
19
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
AZCACOFLGAIDILMDMTNCNENMNVORPATNTXUTWA
Top Metro Areas by Place Specialization Score
1
Riverside, CAMSA
Volume: 595Mix: 44.37%
Place Specialization
Exceptional
2
Salinas, CA, CAMSA
Volume: 50Mix: 3.73%
Place Specialization
Strong
3
Anaheim, CAMSA
Volume: 70Mix: 5.22%
Place Specialization
Strong
4
Los Angeles, CAMSA
Volume: 84Mix: 6.26%
Place Specialization
Strong
5
San Diego, CAMSA
Volume: 64Mix: 4.77%
Place Specialization
Strong
6
Las Vegas, NVMSA
Volume: 34Mix: 2.54%
Place Specialization
Sound
7
Modesto, CA, CAMSA
Volume: 16Mix: 1.19%
Place Specialization
Sound
8
Oakland, CAMSA
Volume: 20Mix: 1.49%
Place Specialization
Sound
9
Phoenix, AZMSA
Volume: 26Mix: 1.94%
Place Specialization
Sound
10
Atlanta, GAMSA
Volume: 21Mix: 1.57%
Place Specialization
Sound
Showing 10 of 18 metro areas
Top States by Place Specialization Score
1
CAState
Volume: 1,042Mix: 77.70%
Place Specialization
Exceptional
2
NVState
Volume: 43Mix: 3.21%
Place Specialization
Sound
3
GAState
Volume: 51Mix: 3.80%
Place Specialization
Sound
4
AZState
Volume: 40Mix: 2.98%
Place Specialization
Sound
5
IDState
Volume: 23Mix: 1.72%
Place Specialization
Sound
6
TNState
Volume: 26Mix: 1.94%
Place Specialization
Sound
7
UTState
Volume: 20Mix: 1.49%
Place Specialization
Sound
8
ORState
Volume: 18Mix: 1.34%
Place Specialization
Sound
9
COState
Volume: 20Mix: 1.49%
Place Specialization
Sound
10
NCState
Volume: 17Mix: 1.27%
Place Specialization
Sound
Showing 10 of 13 states
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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