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Logan Finance Corporation
Independent Mortgage Company|Little Rock, AR|Near-National
Loans Originated
1,059
Applications
1,437
Volume
$1 billion
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Mediocre
Overall Pull Through
Strong
Pricing and Pullthrough Overview
Average Rate Spread
+1.039%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,870
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
73.7%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Nationwide availability with consistent service
Things to Think About
- Rates typically 104 basis points above market average
Report Card
Logan Finance Corporation performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Mediocre | Below peers | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Sound | Industry Standard | |
Jumbo | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | Near-National · 18 metro areas · 33 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$988,116
Average Borrower Income
$767,442
Average Property Value
$1,448,909
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Acceptable | Sound | Mediocre | Sound | 665 | 62.8% | +1.101% | $3,696 |
Jumbo Loans | Sound | Exceptional | Mediocre | Strong | 394 | 37.2% | +0.909% | $1,149 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Acceptable | Strong | Mediocre | Sound | 808 | 76.3% | +1.060% | $3,029 |
Refinance | Sound | Strong | Mediocre | Strong | 251 | 23.7% | +0.962% | $2,310 |
Geographic Coverage
Metro Areas
17
States Served
33
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
ALAZCACOCTDCDEFLGAHIIDILINKSMDMEMIMOMTNCNDNJNVOKORPARISCTNTXUTVAWA
Top Metro Areas by Place Specialization Score
1
Los Angeles, CAMSA
Volume: 334Mix: 31.54%
Place Specialization
Exceptional
2
Anaheim, CAMSA
Volume: 88Mix: 8.31%
Place Specialization
Strong
3
Miami, FLMSA
Volume: 48Mix: 4.53%
Place Specialization
Sound
4
San Diego, CAMSA
Volume: 49Mix: 4.63%
Place Specialization
Sound
5
Fort Lauderdale, FLMSA
Volume: 32Mix: 3.02%
Place Specialization
Sound
6
West Palm Beach, FLMSA
Volume: 27Mix: 2.55%
Place Specialization
Sound
7
Riverside, CAMSA
Volume: 38Mix: 3.59%
Place Specialization
Sound
8
Oxnard, CAMSA
Volume: 18Mix: 1.70%
Place Specialization
Sound
9
Lakewood, NJMSA
Volume: 22Mix: 2.08%
Place Specialization
Sound
10
Orlando, FLMSA
Volume: 22Mix: 2.08%
Place Specialization
Sound
Showing 10 of 17 metro areas
Top States by Place Specialization Score
1
CAState
Volume: 573Mix: 54.11%
Place Specialization
Strong
2
FLState
Volume: 203Mix: 19.17%
Place Specialization
Strong
3
NJState
Volume: 48Mix: 4.53%
Place Specialization
Sound
4
TXState
Volume: 60Mix: 5.67%
Place Specialization
Sound
5
AZState
Volume: 25Mix: 2.36%
Place Specialization
Sound
6
NVState
Volume: 19Mix: 1.79%
Place Specialization
Sound
7
COState
Volume: 18Mix: 1.70%
Place Specialization
Sound
8
HIState
Volume: 10Mix: 0.94%
Place Specialization
Sound
9
PAState
Volume: 15Mix: 1.42%
Place Specialization
Acceptable
10
WAState
Volume: 12Mix: 1.13%
Place Specialization
Acceptable
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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