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MEGASTAR FINANCIAL CORP.
Independent Mortgage Company|Denver, CO|Multi-Region
Loans Originated
937
Applications
1,277
Volume
$386 million
Offers loans directly to consumers
Overall Pricing
Exceptional
Overall Pull Through
Strong
Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐Purchase Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.337%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
-$6,423
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
73.4%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Competitive pricing compared to the market
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo loans
Report Card
MEGASTAR FINANCIAL CORP. performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Exceptional | Market Leader | |
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 · 10 metro areas · 18 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$412,001
Average Borrower Income
$161,462
Average Property Value
$548,095
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Exceptional | Sound | 707 | 75.5% | +0.367% | -$6,217 |
FHA Loans | Strong | Strong | Exceptional | Strong | 156 | 16.6% | +0.404% | -$8,082 |
VA Loans | Strong | Strong | N/A | Strong | 49 | 5.2% | -0.152% | -$5,882 |
Jumbo Loans | Sound | Strong | N/A | Sound | 18 | 1.9% | +0.076% | -$7,571 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Exceptional | Sound | 828 | 88.4% | +0.353% | -$6,686 |
Refinance | Strong | Strong | Exceptional | Strong | 109 | 11.6% | +0.240% | -$4,861 |
Geographic Coverage
Metro Areas
9
States Served
18
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
AZCACOFLGAKSMAMEMNMOMTNHNMORTNTXWAWI
Top Metro Areas by Place Specialization Score
1
Denver, COMSA
Volume: 264Mix: 28.18%
Place Specialization
Strong
2
Minneapolis, MN-WIMSA
Volume: 172Mix: 18.36%
Place Specialization
Strong
3
Kansas City, MO, MO-KSMSA
Volume: 121Mix: 12.91%
Place Specialization
Strong
4
Fort Collins, COMSA
Volume: 50Mix: 5.34%
Place Specialization
Strong
5
Redding, CA, CAMSA
Volume: 31Mix: 3.31%
Place Specialization
Strong
6
Greeley, CO, COMSA
Volume: 31Mix: 3.31%
Place Specialization
Strong
7
Portland, MEMSA
Volume: 20Mix: 2.13%
Place Specialization
Sound
8
Seattle, WAMSA
Volume: 19Mix: 2.03%
Place Specialization
Sound
9
Riverside, CAMSA
Volume: 21Mix: 2.24%
Place Specialization
Sound
Top States by Place Specialization Score
1
COState
Volume: 408Mix: 43.54%
Place Specialization
Strong
2
MNState
Volume: 189Mix: 20.17%
Place Specialization
Strong
3
MOState
Volume: 118Mix: 12.59%
Place Specialization
Strong
4
MEState
Volume: 37Mix: 3.95%
Place Specialization
Sound
5
CAState
Volume: 80Mix: 8.54%
Place Specialization
Sound
6
KSState
Volume: 22Mix: 2.35%
Place Specialization
Sound
7
WAState
Volume: 28Mix: 2.99%
Place Specialization
Sound
8
WIState
Volume: 12Mix: 1.28%
Place Specialization
Acceptable
9
FLState
Volume: 14Mix: 1.49%
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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