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KWIK MORTGAGE CORPORATION
Independent Mortgage Company|Parsippany, NJ|Multi-Region
Loans Originated
647
Applications
1,067
Volume
$308 million
Offers loans directly to consumers
Overall Pricing
Exceptional
Overall Pull Through
Sound
Safe Rate Awards⭐Conventional Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
-0.098%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
-$137
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
60.6%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Offers rates 9.80 basis points below market average
- Lower than average lender fees
Report Card
KWIK MORTGAGE CORPORATION performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Exceptional | Market Leader | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Sound | Industry Standard | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Sound | Industry Standard | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | Multi-Regional · 16 metro areas · 16 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$476,747
Average Borrower Income
$218,272
Average Property Value
$634,196
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Sound | Exceptional | Sound | 631 | 97.5% | -0.109% | -$209 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Sound | Exceptional | Acceptable | 500 | 77.3% | -0.043% | $436 |
Refinance | Strong | Strong | Exceptional | Strong | 147 | 22.7% | -0.278% | -$2,031 |
Geographic Coverage
Metro Areas
15
States Served
16
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
CACTFLGAMAMDNCNJNYOHPASCTNTXVAWA
Top Metro Areas by Place Specialization Score
1
Lakewood, NJMSA
Volume: 150Mix: 23.18%
Place Specialization
Strong
2
Trenton, NJMSA
Volume: 27Mix: 4.17%
Place Specialization
Strong
3
Newark, NJ, NJMSA
Volume: 34Mix: 5.26%
Place Specialization
Sound
4
New York, NY-NJMSA
Volume: 37Mix: 5.72%
Place Specialization
Sound
5
Dallas, TXMSA
Volume: 40Mix: 6.18%
Place Specialization
Sound
6
Raleigh, NCMSA
Volume: 23Mix: 3.55%
Place Specialization
Sound
7
Charlotte, NC-SCMSA
Volume: 23Mix: 3.55%
Place Specialization
Sound
8
Atlanta, GAMSA
Volume: 26Mix: 4.02%
Place Specialization
Sound
9
Austin, TXMSA
Volume: 19Mix: 2.94%
Place Specialization
Sound
10
Houston, TXMSA
Volume: 18Mix: 2.78%
Place Specialization
Sound
Showing 10 of 15 metro areas
Top States by Place Specialization Score
1
NJState
Volume: 261Mix: 40.34%
Place Specialization
Strong
2
TXState
Volume: 99Mix: 15.30%
Place Specialization
Sound
3
NCState
Volume: 65Mix: 10.05%
Place Specialization
Sound
4
GAState
Volume: 42Mix: 6.49%
Place Specialization
Sound
5
TNState
Volume: 30Mix: 4.64%
Place Specialization
Sound
6
FLState
Volume: 40Mix: 6.18%
Place Specialization
Sound
7
SCState
Volume: 23Mix: 3.55%
Place Specialization
Sound
8
MDState
Volume: 23Mix: 3.55%
Place Specialization
Sound
9
CAState
Volume: 19Mix: 2.94%
Place Specialization
Sound
10
PAState
Volume: 14Mix: 2.16%
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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