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GMFS LLC
Independent Mortgage Company|CAMDEN, DE|Multi-Region
Loans Originated
5,225
Applications
6,948
Volume
$1 billion
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Sound
Overall Pull Through
Exceptional
Safe Rate Awards💎USDA Champion⭐Conventional Superstar⭐FHA Superstar⭐VA Superstar⭐Purchase Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.234%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,956
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
75.2%
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
GMFS 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 | Exceptional | Market Leader | |
VA | Exceptional | Market Leader | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Exceptional | Market Leader | |
Places Geographic coverage | Strong | Multi-Regional · 38 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
$296,820
Average Borrower Income
$131,988
Average Property Value
$369,695
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Exceptional | Sound | Exceptional | 3,276 | 62.7% | +0.222% | $2,125 |
FHA Loans | Strong | Exceptional | Strong | Strong | 1,148 | 22.0% | +0.463% | $1,489 |
VA Loans | Strong | Exceptional | Strong | Strong | 309 | 5.9% | -0.258% | $1,721 |
USDA Loans | Exceptional | Exceptional | Exceptional | Strong | 489 | 9.4% | +0.058% | $1,038 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Exceptional | Strong | Strong | 4,217 | 80.7% | +0.226% | $1,749 |
Refinance | Sound | Exceptional | Acceptable | Strong | 1,008 | 19.3% | +0.258% | $2,528 |
Geographic Coverage
Metro Areas
37
States Served
17
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
Baton Rouge, LA, LAMSA
Volume: 1,452Mix: 27.79%
Place Specialization
Exceptional
2
Slidell, LAMSA
Volume: 354Mix: 6.78%
Place Specialization
Exceptional
3
New Orleans, LAMSA
Volume: 380Mix: 7.27%
Place Specialization
Exceptional
4
Mobile, AL, ALMSA
Volume: 171Mix: 3.27%
Place Specialization
Exceptional
5
Hammond, LA, LAMSA
Volume: 114Mix: 2.18%
Place Specialization
Exceptional
6
Houma, LAMSA
Volume: 119Mix: 2.28%
Place Specialization
Exceptional
7
Lake Charles, LA, LAMSA
Volume: 108Mix: 2.07%
Place Specialization
Exceptional
8
Lafayette, LA, LAMSA
Volume: 190Mix: 3.64%
Place Specialization
Exceptional
9
Tallahassee, FL, FLMSA
Volume: 150Mix: 2.87%
Place Specialization
Exceptional
10
Birmingham, AL, ALMSA
Volume: 174Mix: 3.33%
Place Specialization
Strong
Showing 10 of 37 metro areas
Top States by Place Specialization Score
1
LAState
Volume: 3,086Mix: 59.06%
Place Specialization
Exceptional
2
ALState
Volume: 785Mix: 15.02%
Place Specialization
Exceptional
3
MSState
Volume: 339Mix: 6.49%
Place Specialization
Strong
4
ILState
Volume: 266Mix: 5.09%
Place Specialization
Strong
5
GAState
Volume: 160Mix: 3.06%
Place Specialization
Strong
6
ARState
Volume: 92Mix: 1.76%
Place Specialization
Strong
7
TXState
Volume: 201Mix: 3.85%
Place Specialization
Sound
8
FLState
Volume: 193Mix: 3.69%
Place Specialization
Sound
9
TNState
Volume: 42Mix: 0.80%
Place Specialization
Sound
10
SCState
Volume: 33Mix: 0.63%
Place Specialization
Sound
Showing 10 of 11 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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