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LOANPEOPLE, LLC
Independent Mortgage Company|Austin, TX|Multi-Region
Loans Originated
1,635
Applications
2,308
Volume
$607 million
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Strong
Pricing and Pullthrough Overview
Average Rate Spread
+0.228%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,452
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
70.8%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo loans
Things to Think About
- Pricing may be below industry average
Report Card
LOANPEOPLE, LLC performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
Jumbo | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Strong | Multi-Regional · 11 metro areas · 8 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$371,269
Average Borrower Income
$177,849
Average Property Value
$484,223
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Sound | 1,113 | 68.1% | +0.163% | $3,454 |
FHA Loans | Sound | Strong | Acceptable | Exceptional | 314 | 19.2% | +0.646% | $3,363 |
VA Loans | Sound | Strong | Mediocre | Strong | 180 | 11.0% | -0.194% | $3,834 |
Jumbo Loans | Sound | Strong | N/A | Sound | 26 | 1.6% | +0.555% | $2,308 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Acceptable | Strong | 1,479 | 90.5% | +0.230% | $3,406 |
Refinance | Sound | Strong | Acceptable | Sound | 156 | 9.5% | +0.209% | $3,905 |
Geographic Coverage
Metro Areas
10
States Served
8
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
ALARCOFLNMOKTNTX
Top Metro Areas by Place Specialization Score
1
Austin, TXMSA
Volume: 699Mix: 42.75%
Place Specialization
Exceptional
2
El Paso, TX, TXMSA
Volume: 313Mix: 19.14%
Place Specialization
Exceptional
3
Jacksonville, FL, FLMSA
Volume: 145Mix: 8.87%
Place Specialization
Strong
4
San Antonio, TXMSA
Volume: 159Mix: 9.72%
Place Specialization
Strong
5
Houston, TXMSA
Volume: 94Mix: 5.75%
Place Specialization
Strong
6
Las Cruces, NM, NMMSA
Volume: 17Mix: 1.04%
Place Specialization
Sound
7
Dallas, TXMSA
Volume: 28Mix: 1.71%
Place Specialization
Sound
8
Fort Worth, TXMSA
Volume: 19Mix: 1.16%
Place Specialization
Sound
9
Corpus Christi, TX, TXMSA
Volume: 13Mix: 0.80%
Place Specialization
Sound
10
Deltona, FLMSA
Volume: 11Mix: 0.67%
Place Specialization
Sound
Top States by Place Specialization Score
1
TXState
Volume: 1,443Mix: 88.26%
Place Specialization
Exceptional
2
FLState
Volume: 158Mix: 9.66%
Place Specialization
Strong
3
NMState
Volume: 20Mix: 1.22%
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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