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GUARANTEED RATE, INC.
Independent Mortgage Company|WILMINGTON, DE|National
Loans Originated
51,353
Applications
78,982
Volume
$22 billion
Offers loans directly to consumers
Overall Pricing
Sound
Overall Pull Through
Strong
Safe Rate Awards⭐VA Superstar⭐Jumbo Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.229%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,477
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
65.0%
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 and Jumbo and USDA loans
- Nationwide availability with consistent service
Report Card
GUARANTEED RATE, INC. 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 | Exceptional | Market Leader | |
FHA | Exceptional | Market Leader | |
VA | Exceptional | Market Leader | |
Jumbo | 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 | Exceptional | 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
$430,061
Average Borrower Income
$176,793
Average Property Value
$563,504
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Exceptional | Acceptable | Strong | 35,303 | 68.7% | +0.253% | $2,551 |
FHA Loans | Sound | Exceptional | Acceptable | Strong | 8,355 | 16.3% | +0.555% | $3,316 |
VA Loans | Strong | Exceptional | Strong | Strong | 5,201 | 10.1% | -0.504% | $851 |
Jumbo Loans | Strong | Exceptional | Strong | Strong | 2,217 | 4.3% | +0.115% | $1,540 |
USDA Loans | Sound | Exceptional | Acceptable | Strong | 277 | 0.5% | +0.311% | $2,851 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Exceptional | Acceptable | Strong | 46,263 | 90.1% | +0.252% | $2,631 |
Refinance | Strong | Exceptional | Sound | Sound | 5,090 | 9.9% | +0.070% | $1,445 |
Geographic Coverage
Metro Areas
49
States Served
51
Why 51? We count DC as a state
Avg Place Specialization
Exceptional
States with Loan Originations
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Chicago, ILMSA
Volume: 5,815Mix: 11.32%
Place Specialization
Exceptional
2
Elgin, IL, ILMSA
Volume: 689Mix: 1.34%
Place Specialization
Exceptional
3
Lake County, IL, ILMSA
Volume: 451Mix: 0.88%
Place Specialization
Exceptional
4
Lake County, INMSA
Volume: 519Mix: 1.01%
Place Specialization
Exceptional
5
Philadelphia, PA, PAMSA
Volume: 1,097Mix: 2.14%
Place Specialization
Exceptional
6
Cambridge, MAMSA
Volume: 1,876Mix: 3.65%
Place Specialization
Exceptional
7
San Luis Obispo, CAMSA
Volume: 282Mix: 0.55%
Place Specialization
Exceptional
8
Newark, NJ, NJMSA
Volume: 1,050Mix: 2.04%
Place Specialization
Exceptional
9
Worcester, MA, MAMSA
Volume: 430Mix: 0.84%
Place Specialization
Exceptional
10
Montgomery County, PAMSA
Volume: 812Mix: 1.58%
Place Specialization
Exceptional
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
ILState
Volume: 7,686Mix: 14.97%
Place Specialization
Exceptional
2
MAState
Volume: 3,777Mix: 7.35%
Place Specialization
Exceptional
3
NJState
Volume: 2,925Mix: 5.70%
Place Specialization
Exceptional
4
PAState
Volume: 2,353Mix: 4.58%
Place Specialization
Exceptional
5
HIState
Volume: 368Mix: 0.72%
Place Specialization
Exceptional
6
OHState
Volume: 2,530Mix: 4.93%
Place Specialization
Exceptional
7
TXState
Volume: 3,216Mix: 6.26%
Place Specialization
Exceptional
8
CAState
Volume: 4,046Mix: 7.88%
Place Specialization
Exceptional
9
TNState
Volume: 1,333Mix: 2.60%
Place Specialization
Exceptional
10
NVState
Volume: 665Mix: 1.29%
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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