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FREEDOM MORTGAGE CORPORATION
Independent Mortgage Company|MT LAUREL, NJ|National
Loans Originated
37,313
Applications
80,675
Volume
$12 billion
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Sound
Overall Pull Through
Strong
Safe Rate Awards⭐FHA Superstar⭐VA Superstar⭐Purchase Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.164%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,402
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
46.3%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- High volume lender with significant market experience
- Particularly strong in Conventional and FHA and VA loans
- Nationwide availability with consistent service
Report Card
FREEDOM MORTGAGE CORPORATION performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Sound | Industry Standard | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Exceptional | Market Leader | |
VA | Exceptional | Market Leader | |
USDA | Sound | Industry Standard | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Exceptional | Market Leader | |
Places Geographic coverage | Strong | National · 50 metro areas · 51 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$348,222
Average Borrower Income
$125,402
Average Property Value
$420,413
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Sound | Sound | 6,638 | 17.8% | +0.356% | $2,540 |
FHA Loans | Strong | Exceptional | Strong | Strong | 17,075 | 45.8% | +0.359% | $2,396 |
VA Loans | Strong | Exceptional | Strong | Strong | 13,578 | 36.4% | -0.302% | $2,299 |
USDA Loans | Acceptable | Sound | N/A | Mediocre | 21 | 0.1% | +0.508% | $2,162 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Exceptional | Strong | Strong | 19,074 | 51.1% | +0.042% | $2,191 |
Refinance | Sound | Exceptional | Acceptable | Sound | 18,239 | 48.9% | +0.610% | $3,177 |
Geographic Coverage
Metro Areas
49
States Served
51
Why 51? We count DC as a state
Avg Place Specialization
Strong
States with Loan Originations
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Urban Honolulu, HI, HIMSA
Volume: 556Mix: 1.49%
Place Specialization
Exceptional
2
Jacksonville, NC, NCMSA
Volume: 287Mix: 0.77%
Place Specialization
Exceptional
3
Virginia Beach, VA-NCMSA
Volume: 899Mix: 2.41%
Place Specialization
Exceptional
4
Fayetteville, NC, NCMSA
Volume: 309Mix: 0.83%
Place Specialization
Exceptional
5
Louisville/Jefferson County, KY, KY-INMSA
Volume: 454Mix: 1.22%
Place Specialization
Exceptional
6
Tampa, FL, FLMSA
Volume: 711Mix: 1.91%
Place Specialization
Exceptional
7
Atlanta, GAMSA
Volume: 932Mix: 2.50%
Place Specialization
Exceptional
8
Washington, DC, DC-MDMSA
Volume: 333Mix: 0.89%
Place Specialization
Exceptional
9
Arlington, VA-WVMSA
Volume: 595Mix: 1.59%
Place Specialization
Exceptional
10
Richmond, VA, VAMSA
Volume: 352Mix: 0.94%
Place Specialization
Exceptional
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
HIState
Volume: 666Mix: 1.78%
Place Specialization
Exceptional
2
VAState
Volume: 2,170Mix: 5.82%
Place Specialization
Exceptional
3
FLState
Volume: 4,424Mix: 11.86%
Place Specialization
Exceptional
4
GAState
Volume: 1,970Mix: 5.28%
Place Specialization
Exceptional
5
TXState
Volume: 3,217Mix: 8.62%
Place Specialization
Exceptional
6
SCState
Volume: 1,011Mix: 2.71%
Place Specialization
Exceptional
7
ALState
Volume: 795Mix: 2.13%
Place Specialization
Exceptional
8
MDState
Volume: 1,175Mix: 3.15%
Place Specialization
Exceptional
9
NCState
Volume: 2,212Mix: 5.93%
Place Specialization
Exceptional
10
NJState
Volume: 963Mix: 2.58%
Place Specialization
Exceptional
Showing 10 of 51 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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