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LOWER, LLC
Independent Mortgage Company|Lutherville, MD|National
Loans Originated
15,793
Applications
24,643
Volume
$5 billion
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Acceptable
Overall Pull Through
Strong
Pricing and Pullthrough Overview
Average Rate Spread
+0.450%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,834
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
64.1%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- High volume lender with significant market experience
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
- Nationwide availability with consistent service
Things to Think About
- Pricing may be below industry average
Report Card
LOWER, 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 | Exceptional | Market Leader | |
FHA | Exceptional | Market Leader | |
VA | Exceptional | Market Leader | |
Jumbo | Exceptional | Market Leader | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Exceptional | Market Leader | |
Places Geographic coverage | Strong | National · 50 metro areas · 46 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$326,030
Average Borrower Income
$132,550
Average Property Value
$406,670
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Exceptional | Acceptable | Strong | 9,821 | 62.2% | +0.404% | $2,614 |
FHA Loans | Sound | Exceptional | Acceptable | Strong | 4,364 | 27.6% | +0.726% | $3,456 |
VA Loans | Sound | Exceptional | Acceptable | Strong | 1,329 | 8.4% | -0.100% | $3,131 |
Jumbo Loans | Sound | Exceptional | Acceptable | Sound | 130 | 0.8% | +0.378% | $2,756 |
USDA Loans | Sound | Exceptional | Acceptable | Strong | 149 | 0.9% | +0.420% | $2,293 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Exceptional | Acceptable | Strong | 13,179 | 83.4% | +0.448% | $2,775 |
Refinance | Sound | Exceptional | Acceptable | Sound | 2,614 | 16.6% | +0.462% | $3,216 |
Geographic Coverage
Metro Areas
49
States Served
46
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
ALARAZCACOCTDCDEFLGAIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVOHOKORPASCSDTNTXUTVAWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Lake Charles, LA, LAMSA
Volume: 142Mix: 0.90%
Place Specialization
Exceptional
2
Columbus, OH, OHMSA
Volume: 701Mix: 4.44%
Place Specialization
Exceptional
3
Dallas, TXMSA
Volume: 910Mix: 5.76%
Place Specialization
Exceptional
4
Davenport, IA-ILMSA
Volume: 264Mix: 1.67%
Place Specialization
Exceptional
5
Dayton, OHMSA
Volume: 473Mix: 2.99%
Place Specialization
Exceptional
6
Greenville, SCMSA
Volume: 251Mix: 1.59%
Place Specialization
Exceptional
7
Billings, MT, MTMSA
Volume: 114Mix: 0.72%
Place Specialization
Exceptional
8
McAllen, TXMSA
Volume: 160Mix: 1.01%
Place Specialization
Exceptional
9
Denver, COMSA
Volume: 624Mix: 3.95%
Place Specialization
Exceptional
10
Washington, DC, DC-MDMSA
Volume: 258Mix: 1.63%
Place Specialization
Strong
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
TXState
Volume: 2,838Mix: 17.97%
Place Specialization
Exceptional
2
SCState
Volume: 929Mix: 5.88%
Place Specialization
Exceptional
3
OHState
Volume: 1,789Mix: 11.33%
Place Specialization
Exceptional
4
COState
Volume: 1,121Mix: 7.10%
Place Specialization
Exceptional
5
ILState
Volume: 1,031Mix: 6.53%
Place Specialization
Exceptional
6
VAState
Volume: 667Mix: 4.22%
Place Specialization
Strong
7
GAState
Volume: 740Mix: 4.69%
Place Specialization
Strong
8
MDState
Volume: 558Mix: 3.53%
Place Specialization
Strong
9
FLState
Volume: 1,274Mix: 8.07%
Place Specialization
Strong
10
KYState
Volume: 357Mix: 2.26%
Place Specialization
Strong
Showing 10 of 41 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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