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Kwik Mortgage Corporation

Independent Mortgage CompanyParsippany, NJDirect to Consumer

We analyzed every closed loan from Kwik Mortgage 647 loans across 1k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.

Pricing
Exceptional
vs. all lenders
Pull Through
Sound
closing strength
Products
Sound
Conventional
Place
Sound
Multi-Region · 15 mkts
Safe Rate AwardsConventional SuperstarRefinance Superstar

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Safe Rate's Summary

What They Do Well

  • Offers rates 9.80 basis points below market average
  • Lower than average lender fees

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Report Card

Kwik Mortgage Corporation performance at a glance

CategoryScorevs. Peers
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Exceptional
Market Leader
Rates 9.8 bps below market avg
Pull Through
Closing strength
Sound
Industry Standard
Top 60% of lenders
By Loan Product· Specialization by type
Conventional
Sound
Industry Standard
Top 60% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Sound
Industry Standard
Top 60% of lenders
Refinance
Strong
Highly Competitive
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
Coverage footprint
Sound
Industry Standard
Top 60% of lenders
Multi-Regional16 markets

Loan Product Performance

Performance by Loan Product

Loan TypeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Conventional
Strong
Sound
Exceptional
Sound
63197.5%
-0.109%Below
$209Credit

Loan Purpose Performance

Performance by Loan Purpose

PurposeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Purchase
Sound
Sound
Exceptional
Acceptable
50077.3%
-0.043%Below
$436Fees
Refinance
Strong
Strong
Exceptional
Strong
14722.7%
-0.278%Below
$2,031Credit

At a Glance

Lender Overview

Lending Activity
Loans Originated
647
Applications
1,067
Volume
$308 million
Pricing & Closing
Avg Rate Spread
-0.098%
vs. market APOR
Avg Net Fees
$-137
Origination − Credits
Pullthrough Rate
60.6%
Applications → Closed
Typical Borrower
Avg Loan Amount
$476,747
Avg Borrower Income
$218,272
Avg Property Value
$634,196

Geographic Coverage

Geographic Performance

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%of portfolio
Place
Strong
2
Trenton, NJMSA
Volume: 27Mix: 4.17%of portfolio
Place
Strong
3
Newark, NJ, NJMSA
Volume: 34Mix: 5.26%of portfolio
Place
Sound
4
New York, NY-NJMSA
Volume: 37Mix: 5.72%of portfolio
Place
Sound
5
Dallas, TXMSA
Volume: 40Mix: 6.18%of portfolio
Place
Sound
6
Raleigh, NCMSA
Volume: 23Mix: 3.55%of portfolio
Place
Sound
7
Charlotte, NC-SCMSA
Volume: 23Mix: 3.55%of portfolio
Place
Sound
8
Atlanta, GAMSA
Volume: 26Mix: 4.02%of portfolio
Place
Sound
9
Austin, TXMSA
Volume: 19Mix: 2.94%of portfolio
Place
Sound
10
Houston, TXMSA
Volume: 18Mix: 2.78%of portfolio
Place
Sound
Showing 10 of 15 metro areas

Top States by Place Specialization Score

1
NJState
Volume: 261Mix: 40.34%of portfolio
Place
Strong
2
TXState
Volume: 99Mix: 15.30%of portfolio
Place
Sound
3
NCState
Volume: 65Mix: 10.05%of portfolio
Place
Sound
4
GAState
Volume: 42Mix: 6.49%of portfolio
Place
Sound
5
TNState
Volume: 30Mix: 4.64%of portfolio
Place
Sound
6
FLState
Volume: 40Mix: 6.18%of portfolio
Place
Sound
7
SCState
Volume: 23Mix: 3.55%of portfolio
Place
Sound
8
MDState
Volume: 23Mix: 3.55%of portfolio
Place
Sound
9
CAState
Volume: 19Mix: 2.94%of portfolio
Place
Sound
10
PAState
Volume: 14Mix: 2.16%of portfolio
Place
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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The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.
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.