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MEMBER FIRST MORTGAGE, LLC

Independent Mortgage Company|GRAND RAPIDS, MI|Near-National
Loans Originated
1,010
Applications
2,327
Volume
$322 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Sound
Overall Pull Through
Acceptable

Pricing and Pullthrough Overview

Average Rate Spread
+0.234%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,271
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
43.4%
Percentage of applications that result in closed loans

Safe Rate's Summary

What They Do Well

  • Particularly strong in Conventional and FHA and VA loans
  • Nationwide availability with consistent service

Things to Think About

  • Pull through efficiency is below industry average

Report Card

MEMBER FIRST MORTGAGE, LLC performance at a glance

CategoryRatingGradeDetails
Pricing
Rate competitiveness
SoundIndustry Standard
Pull Through
Closing Strength
AcceptableNear industry average
Products
Loan Type Specialists
Specialization score by loan product
Conventional
StrongHighly Competitive
FHA
StrongHighly Competitive
VA
StrongHighly Competitive
Jumbo
SoundIndustry Standard
Purpose
Reason specialization
Specialization score by loan purpose
Purchase
SoundIndustry Standard
Refinance
StrongHighly Competitive
Places
Geographic coverage
SoundNear-National · 21 metro areas · 38 states
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)

Typical Borrower Profile

Average Loan Amount
$319,495
Average Borrower Income
$137,931
Average Property Value
$426,980

Performance by Loan Product

Loan TypeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Conventional
Sound
Strong
Sound
Sound
70169.4%+0.128%$2,383
FHA Loans
Sound
Strong
Sound
Sound
23423.2%+0.596%$1,997
VA Loans
Sound
Strong
Acceptable
Sound
404.0%+0.256%$1,478
Jumbo Loans
Sound
Sound
Sound
Acceptable
262.6%-0.263%$2,746

Performance by Loan Purpose

PurposeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Purchase
Sound
Sound
Sound
Acceptable
76275.4%+0.240%$2,322
Refinance
Sound
Strong
Sound
Acceptable
24824.6%+0.219%$2,116

Geographic Coverage

Metro Areas
20
States Served
38
We count Washington DC as a state
Avg Place Specialization
Sound

States with Loan Originations

AKALARCACOCTDEFLGAIAIDILINKYLAMDMIMNMSMTNCNHNJNMNVOHOKORPASCTNTXVAVTWAWIWVWY

Top Metro Areas by Place Specialization Score

1
Seattle, WAMSA
Volume: 59Mix: 5.84%
Place Specialization
Strong
2
Dallas, TXMSA
Volume: 72Mix: 7.13%
Place Specialization
Strong
3
Louisville/Jefferson County, KY, KY-INMSA
Volume: 33Mix: 3.27%
Place Specialization
Sound
4
Fort Worth, TXMSA
Volume: 36Mix: 3.56%
Place Specialization
Sound
5
Detroit, MIMSA
Volume: 33Mix: 3.27%
Place Specialization
Sound
6
Rome, GA, GAMSA
Volume: 15Mix: 1.49%
Place Specialization
Sound
7
Marietta, GA, GAMSA
Volume: 29Mix: 2.87%
Place Specialization
Sound
8
Warren, MIMSA
Volume: 33Mix: 3.27%
Place Specialization
Sound
9
Chicago, ILMSA
Volume: 36Mix: 3.56%
Place Specialization
Sound
10
Lake County, INMSA
Volume: 20Mix: 1.98%
Place Specialization
Sound
Showing 10 of 20 metro areas

Top States by Place Specialization Score

1
MIState
Volume: 170Mix: 16.83%
Place Specialization
Strong
2
WAState
Volume: 102Mix: 10.10%
Place Specialization
Strong
3
GAState
Volume: 122Mix: 12.08%
Place Specialization
Strong
4
TXState
Volume: 154Mix: 15.25%
Place Specialization
Strong
5
INState
Volume: 84Mix: 8.32%
Place Specialization
Sound
6
ILState
Volume: 68Mix: 6.73%
Place Specialization
Sound
7
KYState
Volume: 39Mix: 3.86%
Place Specialization
Sound
8
PAState
Volume: 43Mix: 4.26%
Place Specialization
Sound
9
NJState
Volume: 34Mix: 3.37%
Place Specialization
Sound
10
AKState
Volume: 16Mix: 1.58%
Place Specialization
Sound
Showing 10 of 16 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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