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IOWA BANKERS MORTGAGE CORPORATION
Independent Mortgage Company|JOHNSTON, IA|Multi-Region
Loans Originated
2,312
Applications
2,899
Volume
$517 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Exceptional
Overall Pull Through
Exceptional
Safe Rate Awards💎Conventional Champion💎Purchase Champion⭐VA Superstar⭐USDA Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
-0.049%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,276
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
79.8%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Offers rates 4.90 basis points below market average
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and USDA loans
Report Card
IOWA BANKERS MORTGAGE CORPORATION performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Exceptional | Market Leader | |
Pull Through Closing Strength | Exceptional | Market Leader | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Strong | Multi-Regional · 12 metro areas · 10 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$224,040
Average Borrower Income
$114,419
Average Property Value
$306,644
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Exceptional | Exceptional | Exceptional | Exceptional | 2,101 | 90.9% | -0.071% | $1,305 |
FHA Loans | Sound | Strong | Sound | Sound | 58 | 2.5% | +0.808% | $1,401 |
VA Loans | Strong | Strong | Exceptional | Strong | 52 | 2.2% | -0.273% | $159 |
USDA Loans | Strong | Exceptional | Strong | Sound | 101 | 4.4% | +0.288% | $1,017 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Exceptional | Exceptional | Exceptional | Strong | 2,053 | 88.8% | -0.049% | $1,310 |
Refinance | Strong | Strong | Strong | Exceptional | 259 | 11.2% | -0.049% | $1,012 |
Geographic Coverage
Metro Areas
11
States Served
10
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
Ames, IA, IAMSA
Volume: 219Mix: 9.47%
Place Specialization
Exceptional
2
Des Moines, IAMSA
Volume: 500Mix: 21.63%
Place Specialization
Exceptional
3
Sioux City, IAMSA
Volume: 131Mix: 5.67%
Place Specialization
Exceptional
4
Omaha, NE, NE-IAMSA
Volume: 96Mix: 4.15%
Place Specialization
Strong
5
Cedar Rapids, IA, IAMSA
Volume: 80Mix: 3.46%
Place Specialization
Strong
6
Waterloo, IAMSA
Volume: 53Mix: 2.29%
Place Specialization
Strong
7
Mankato, MN, MNMSA
Volume: 19Mix: 0.82%
Place Specialization
Sound
8
Dubuque, IA, IAMSA
Volume: 29Mix: 1.25%
Place Specialization
Sound
9
Iowa City, IA, IAMSA
Volume: 26Mix: 1.12%
Place Specialization
Sound
10
Sioux Falls, SD, SD-MNMSA
Volume: 26Mix: 1.12%
Place Specialization
Sound
Showing 10 of 11 metro areas
Top States by Place Specialization Score
1
IAState
Volume: 2,020Mix: 87.37%
Place Specialization
Exceptional
2
MNState
Volume: 159Mix: 6.88%
Place Specialization
Strong
3
SDState
Volume: 50Mix: 2.16%
Place Specialization
Sound
4
NEState
Volume: 48Mix: 2.08%
Place Specialization
Sound
5
WIState
Volume: 14Mix: 0.61%
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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