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Loan Simple, Inc.
Independent Mortgage Company|Colorado Springs, CO|Multi-Region
Loans Originated
1,070
Applications
1,738
Volume
$349 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Mediocre
Overall Pull Through
Sound
Pricing and Pullthrough Overview
Average Rate Spread
+0.802%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,669
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
61.6%
Percentage of applications that result in closed loans
Safe Rate's Summary
Things to Think About
- Rates typically 80 basis points above market average
Report Card
Loan Simple, Inc. 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 | Acceptable | Near industry average | |
USDA | Sound | Industry Standard | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Acceptable | Near industry average | |
Places Geographic coverage | Sound | Multi-Regional · 20 metro areas · 17 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$326,822
Average Borrower Income
$106,649
Average Property Value
$373,746
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Acceptable | Sound | Mediocre | Acceptable | 306 | 28.6% | +0.756% | $4,944 |
FHA Loans | Sound | Strong | Mediocre | Strong | 714 | 66.7% | +0.843% | $3,212 |
VA Loans | Acceptable | Acceptable | N/A | Acceptable | 16 | 1.5% | +0.033% | $2,056 |
USDA Loans | Acceptable | Sound | N/A | Acceptable | 34 | 3.2% | +0.780% | $4,270 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Acceptable | Strong | Mediocre | Sound | 1,045 | 97.7% | +0.953% | $5,315 |
Refinance | Sound | Acceptable | Exceptional | Acceptable | 25 | 2.3% | +0.149% | -$3,437 |
Geographic Coverage
Metro Areas
19
States Served
17
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
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Top Metro Areas by Place Specialization Score
1
Denver, COMSA
Volume: 273Mix: 25.51%
Place Specialization
Strong
2
Greeley, CO, COMSA
Volume: 55Mix: 5.14%
Place Specialization
Strong
3
Colorado Springs, CO, COMSA
Volume: 51Mix: 4.77%
Place Specialization
Strong
4
Grand Junction, CO, COMSA
Volume: 18Mix: 1.68%
Place Specialization
Sound
5
Atlanta, GAMSA
Volume: 35Mix: 3.27%
Place Specialization
Sound
6
Phoenix, AZMSA
Volume: 27Mix: 2.52%
Place Specialization
Sound
7
Prescott Valley, AZMSA
Volume: 13Mix: 1.21%
Place Specialization
Sound
8
Dallas, TXMSA
Volume: 24Mix: 2.24%
Place Specialization
Sound
9
Houston, TXMSA
Volume: 25Mix: 2.34%
Place Specialization
Sound
10
Albuquerque, NM, NMMSA
Volume: 15Mix: 1.40%
Place Specialization
Sound
Showing 10 of 19 metro areas
Top States by Place Specialization Score
1
COState
Volume: 470Mix: 43.93%
Place Specialization
Exceptional
2
TXState
Volume: 114Mix: 10.65%
Place Specialization
Sound
3
GAState
Volume: 74Mix: 6.92%
Place Specialization
Sound
4
VAState
Volume: 48Mix: 4.49%
Place Specialization
Sound
5
NMState
Volume: 32Mix: 2.99%
Place Specialization
Sound
6
AZState
Volume: 45Mix: 4.21%
Place Specialization
Sound
7
ORState
Volume: 33Mix: 3.08%
Place Specialization
Sound
8
NCState
Volume: 50Mix: 4.67%
Place Specialization
Sound
9
FLState
Volume: 63Mix: 5.89%
Place Specialization
Sound
10
MNState
Volume: 31Mix: 2.90%
Place Specialization
Sound
Showing 10 of 14 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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