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HomePromise Corporation

Independent Mortgage Company•Glen Allen, VAHQ•Direct•Reviews near you on Google

HomePromise Corporation has 84 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pull-through
Mediocre
1/5
closing strength
Product
Strong
4/5
VA
Place
Active
Multi-Region

Safe Rate Summary

Things to Think About

  • Pull through efficiency is below industry average

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Report Card

HomePromise Corporation performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
No peer data
Pull Through
Closing strength
Mediocre
Bottom 20% of lenders
By Loan Product· Specialization by type
VA
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Acceptable
Bottom 40% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 1 markets
Acceptable
Bottom 40% of lenders

Loan Product Performance

Performance by Loan Product

VA Loans
Overall
Sound
Product
Strong
Pricing—
Pull Through
Acceptable
Volume78
Mix92.9%
Spread
+0.897%Above
Fees
$7,062Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Mediocre
Product
Acceptable
Pricing—
Pull Through
Mediocre
Volume80
Mix95.2%
Spread
+0.957%Above
Fees
$6,385Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
84
Applications
1,464
Volume
$31 million
Pricing & Closing
Pullthrough Rate
5.7%
Applications → Closed
Typical Borrower
Avg Loan Amount
$371,667
Avg Borrower Income
$124,417
Avg Property Value
$382,143

Geographic Coverage

Geographic Performance

Metro Areas
0
markets with activity
States Served
17
of 50 states + DC
Avg Place Specialization
N/A

States with Loan Originations

17
17 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Northeast3
CTNJPA
Midwest3
MIMNOH
South7
ALFLGAMDTNTXVA
West4
CACOORWA

Top States by Place Specialization Score

Florida
Florida
1
FloridaState
Volume 14Mix 16.67% of portfolio
43/100
Sound
Virginia
Virginia
2
VirginiaState
Volume 10Mix 11.90% of portfolio
43/100
Sound
Ohio
Ohio
3
OhioState
Volume 10Mix 11.90% of portfolio
43/100
Sound
Texas
Texas
4
TexasState
Volume 11Mix 13.10% of portfolio
40/100
Sound

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
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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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.