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LIBERTY HOME MORTGAGE CORPORATION
Independent Mortgage Company|STRONGSVILLE, OH|Near-National
Loans Originated
993
Applications
1,776
Volume
$234 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Mediocre
Overall Pull Through
Sound
Pricing and Pullthrough Overview
Average Rate Spread
+0.853%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,391
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
55.9%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Particularly strong in FHA and VA and USDA loans
- Nationwide availability with consistent service
Things to Think About
- Rates typically 85 basis points above market average
Report Card
LIBERTY HOME MORTGAGE CORPORATION performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Mediocre | Below peers | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Sound | Industry Standard | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
USDA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | Near-National · 10 metro areas · 37 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$235,866
Average Borrower Income
$97,449
Average Property Value
$284,245
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Acceptable | Sound | Mediocre | Acceptable | 386 | 38.9% | +0.769% | $3,403 |
FHA Loans | Acceptable | Strong | Mediocre | Sound | 540 | 54.4% | +1.035% | $3,424 |
VA Loans | Acceptable | Strong | Mediocre | Sound | 49 | 4.9% | +0.188% | $3,115 |
USDA Loans | Sound | Strong | N/A | Sound | 17 | 1.7% | +0.817% | $2,554 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Acceptable | Strong | Mediocre | Sound | 732 | 73.7% | +0.889% | $3,270 |
Refinance | Acceptable | Strong | Mediocre | Acceptable | 261 | 26.3% | +0.644% | $4,082 |
Geographic Coverage
Metro Areas
9
States Served
37
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
ALARAZCACOCTDEFLGAIAILINKSKYLAMAMDMEMIMNMSNCNENJOHOKORPASCTNTXUTVAWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Cleveland, OH, OHMSA
Volume: 304Mix: 30.61%
Place Specialization
Exceptional
2
Akron, OH, OHMSA
Volume: 88Mix: 8.86%
Place Specialization
Strong
3
Youngstown, OHMSA
Volume: 42Mix: 4.23%
Place Specialization
Strong
4
Canton, OHMSA
Volume: 30Mix: 3.02%
Place Specialization
Sound
5
Columbus, OH, OHMSA
Volume: 32Mix: 3.22%
Place Specialization
Sound
6
Cincinnati, OHMSA
Volume: 22Mix: 2.22%
Place Specialization
Sound
7
Atlanta, GAMSA
Volume: 24Mix: 2.42%
Place Specialization
Sound
8
Dayton, OHMSA
Volume: 18Mix: 1.81%
Place Specialization
Sound
9
Toledo, OH, OHMSA
Volume: 14Mix: 1.41%
Place Specialization
Sound
Top States by Place Specialization Score
1
OHState
Volume: 652Mix: 65.66%
Place Specialization
Exceptional
2
GAState
Volume: 63Mix: 6.34%
Place Specialization
Sound
3
ALState
Volume: 20Mix: 2.01%
Place Specialization
Sound
4
FLState
Volume: 33Mix: 3.32%
Place Specialization
Sound
5
PAState
Volume: 20Mix: 2.01%
Place Specialization
Sound
6
NJState
Volume: 17Mix: 1.71%
Place Specialization
Sound
7
SCState
Volume: 17Mix: 1.71%
Place Specialization
Sound
8
INState
Volume: 15Mix: 1.51%
Place Specialization
Sound
9
WIState
Volume: 13Mix: 1.31%
Place Specialization
Sound
10
ILState
Volume: 13Mix: 1.31%
Place Specialization
Acceptable
Showing 10 of 12 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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