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Hamilton Mortgage Corporation
Independent Mortgage Company|MONTGOMERY, AL|Regional
Loans Originated
475
Applications
597
Volume
$92 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Acceptable
Overall Pull Through
Strong
Safe Rate Awards⭐USDA Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.344%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,804
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
79.6%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in FHA and USDA loans
Things to Think About
- Pricing may be below industry average
Report Card
Hamilton Mortgage Corporation performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Sound | Industry Standard | |
FHA | Strong | Highly Competitive | |
VA | Sound | Industry Standard | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Sound | Industry Standard | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Sound | Regional · 10 metro areas · 5 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$194,600
Average Borrower Income
$94,453
Average Property Value
$264,916
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Sound | Acceptable | Sound | 212 | 44.6% | +0.255% | $2,823 |
FHA Loans | Sound | Strong | Acceptable | Strong | 187 | 39.4% | +0.470% | $2,984 |
VA Loans | Sound | Sound | N/A | Strong | 21 | 4.4% | +0.022% | $2,573 |
USDA Loans | Strong | Exceptional | Sound | Strong | 55 | 11.6% | +0.247% | $1,875 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Sound | Acceptable | Sound | 426 | 89.7% | +0.354% | $2,782 |
Refinance | Acceptable | Sound | Mediocre | Sound | 49 | 10.3% | +0.301% | $2,904 |
Geographic Coverage
Metro Areas
9
States Served
5
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
ALARLAMSTX
Top Metro Areas by Place Specialization Score
1
Birmingham, AL, ALMSA
Volume: 152Mix: 32.00%
Place Specialization
Exceptional
2
Huntsville, AL, ALMSA
Volume: 62Mix: 13.05%
Place Specialization
Strong
3
Hattiesburg, MS, MSMSA
Volume: 20Mix: 4.21%
Place Specialization
Sound
4
Beaumont, TXMSA
Volume: 13Mix: 2.74%
Place Specialization
Sound
5
Montgomery, AL, ALMSA
Volume: 13Mix: 2.74%
Place Specialization
Sound
6
Decatur, AL, ALMSA
Volume: 11Mix: 2.32%
Place Specialization
Sound
7
Jackson, MS, MSMSA
Volume: 11Mix: 2.32%
Place Specialization
Sound
8
Mobile, AL, ALMSA
Volume: 10Mix: 2.11%
Place Specialization
Sound
9
San Antonio, TXMSA
Volume: 10Mix: 2.11%
Place Specialization
Sound
Top States by Place Specialization Score
1
ALState
Volume: 357Mix: 75.16%
Place Specialization
Exceptional
2
MSState
Volume: 42Mix: 8.84%
Place Specialization
Sound
3
TXState
Volume: 66Mix: 13.89%
Place Specialization
Sound
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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