Looking for a different lender?
M
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP.
Independent Mortgage Company|ALBANY, NY|Multi-Region
Loans Originated
1,233
Applications
2,044
Volume
$656 million
Offers loans directly to consumers
Overall Pricing
Mediocre
Overall Pull Through
Sound
Pricing and Pullthrough Overview
Average Rate Spread
+0.617%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$5,408
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
60.3%
Percentage of applications that result in closed loans
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)
Report Card
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 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 | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
VA | Acceptable | Near industry average | |
Jumbo | Sound | Industry Standard | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | Multi-Regional · 14 metro areas · 19 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$532,315
Average Borrower Income
$187,846
Average Property Value
$689,461
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Acceptable | Strong | Mediocre | Sound | 937 | 76.0% | +0.592% | $5,235 |
FHA Loans | Sound | Strong | Mediocre | Strong | 261 | 21.2% | +0.754% | $6,176 |
VA Loans | Acceptable | Acceptable | N/A | Acceptable | 14 | 1.1% | +0.192% | $7,378 |
Jumbo Loans | Acceptable | Sound | N/A | Mediocre | 21 | 1.7% | +0.565% | $4,959 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Acceptable | Strong | Mediocre | Sound | 1,017 | 82.5% | +0.605% | $5,411 |
Refinance | Acceptable | Strong | Mediocre | Sound | 216 | 17.5% | +0.691% | $5,391 |
Geographic Coverage
Metro Areas
13
States Served
19
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
AZCACTDEFLGAMAMDNCNJNYOHPARISCTNTXVAWA
Top Metro Areas by Place Specialization Score
1
Nassau County, NYMSA
Volume: 418Mix: 33.90%
Place Specialization
Exceptional
2
New York, NY-NJMSA
Volume: 393Mix: 31.87%
Place Specialization
Exceptional
3
Bridgeport, CTMSA
Volume: 63Mix: 5.11%
Place Specialization
Strong
4
Palm Bay, FLMSA
Volume: 33Mix: 2.68%
Place Specialization
Sound
5
Kiryas Joel, NYMSA
Volume: 28Mix: 2.27%
Place Specialization
Sound
6
Newark, NJ, NJMSA
Volume: 30Mix: 2.43%
Place Specialization
Sound
7
Lakewood, NJMSA
Volume: 23Mix: 1.87%
Place Specialization
Sound
8
New Haven, CT, CTMSA
Volume: 17Mix: 1.38%
Place Specialization
Sound
9
Fort Lauderdale, FLMSA
Volume: 19Mix: 1.54%
Place Specialization
Sound
10
Atlanta, GAMSA
Volume: 20Mix: 1.62%
Place Specialization
Sound
Showing 10 of 13 metro areas
Top States by Place Specialization Score
1
NYState
Volume: 828Mix: 67.15%
Place Specialization
Exceptional
2
CTState
Volume: 98Mix: 7.95%
Place Specialization
Strong
3
NJState
Volume: 102Mix: 8.27%
Place Specialization
Strong
4
FLState
Volume: 114Mix: 9.25%
Place Specialization
Sound
5
PAState
Volume: 37Mix: 3.00%
Place Specialization
Sound
6
GAState
Volume: 23Mix: 1.87%
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.
Ready to Get Started?
Compare MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. with other lenders or get personalized recommendations.