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Meadowbrook Financial Mortgage Bankers Corp.

Independent Mortgage CompanyALBANY, NYDirect to Consumer

We analyzed every closed loan from Meadowbrook Financial Mortgage Bankers 1.2k loans across 2k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.

Pricing
Mediocre
vs. all lenders
Pull Through
Sound
closing strength
Products
Strong
FHA · Conventional · VA · Jumbo
Place
Sound
Multi-Region · 13 mkts

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Safe Rate's Summary

What They Do Well

  • Particularly strong in Conventional and FHA loans

Things to Think About

  • Rates typically 62 basis points above market average
  • Higher than average fees ($5,408)

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Report Card

Meadowbrook Financial Mortgage Bankers Corp. performance at a glance

CategoryScorevs. Peers
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Mediocre
Below peers
+61.7 bps above market avg
Pull Through
Closing strength
Sound
Industry Standard
Top 60% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Highly Competitive
Top 40% of lenders
FHA
Strong
Highly Competitive
Top 40% of lenders
VA
Acceptable
Near industry average
Bottom 40% of lenders
Jumbo
Sound
Industry Standard
Top 60% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Highly Competitive
Top 40% of lenders
Refinance
Strong
Highly Competitive
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
Coverage footprint
Sound
Industry Standard
Top 60% of lenders
Multi-Regional14 markets

Loan Product Performance

Performance by Loan Product

Loan TypeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Conventional
Acceptable
Strong
Mediocre
Sound
93776.0%
+0.592%Above
$5,235Fees
FHA Loans
Sound
Strong
Mediocre
Strong
26121.2%
+0.754%Above
$6,176Fees
VA Loans
Acceptable
Acceptable
Acceptable
141.1%
+0.192%Above
$7,378Fees
Jumbo Loans
Acceptable
Sound
Mediocre
211.7%
+0.565%Above
$4,959Fees

Loan Purpose Performance

Performance by Loan Purpose

PurposeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Purchase
Acceptable
Strong
Mediocre
Sound
1,01782.5%
+0.605%Above
$5,411Fees
Refinance
Acceptable
Strong
Mediocre
Sound
21617.5%
+0.691%Above
$5,391Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
1,233
Applications
2,044
Volume
$656 million
Pricing & Closing
Avg Rate Spread
+0.617%
vs. market APOR
Avg Net Fees
$5,408
Origination − Credits
Pullthrough Rate
60.3%
Applications → Closed
Typical Borrower
Avg Loan Amount
$532,315
Avg Borrower Income
$187,846
Avg Property Value
$689,461

Geographic Coverage

Geographic Performance

Metro Areas
13
States Served
19
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
Nassau County, NYMSA
Volume: 418Mix: 33.90%of portfolio
Place
Exceptional
2
New York, NY-NJMSA
Volume: 393Mix: 31.87%of portfolio
Place
Exceptional
3
Bridgeport, CTMSA
Volume: 63Mix: 5.11%of portfolio
Place
Strong
4
Palm Bay, FLMSA
Volume: 33Mix: 2.68%of portfolio
Place
Sound
5
Kiryas Joel, NYMSA
Volume: 28Mix: 2.27%of portfolio
Place
Sound
6
Newark, NJ, NJMSA
Volume: 30Mix: 2.43%of portfolio
Place
Sound
7
Lakewood, NJMSA
Volume: 23Mix: 1.87%of portfolio
Place
Sound
8
New Haven, CT, CTMSA
Volume: 17Mix: 1.38%of portfolio
Place
Sound
9
Fort Lauderdale, FLMSA
Volume: 19Mix: 1.54%of portfolio
Place
Sound
10
Atlanta, GAMSA
Volume: 20Mix: 1.62%of portfolio
Place
Sound
Showing 10 of 13 metro areas

Top States by Place Specialization Score

1
NYState
Volume: 828Mix: 67.15%of portfolio
Place
Exceptional
2
CTState
Volume: 98Mix: 7.95%of portfolio
Place
Strong
3
NJState
Volume: 102Mix: 8.27%of portfolio
Place
Strong
4
FLState
Volume: 114Mix: 9.25%of portfolio
Place
Sound
5
PAState
Volume: 37Mix: 3.00%of portfolio
Place
Sound
6
GAState
Volume: 23Mix: 1.87%of portfolio
Place
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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The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.