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MORTGAGE EQUITY PARTNERS LLC
Independent Mortgage Company|BOSTON, MA|Multi-Region
Loans Originated
1,464
Applications
1,917
Volume
$551 million
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Strong
Pricing and Pullthrough Overview
Average Rate Spread
+0.474%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,484
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
76.4%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA loans
Things to Think About
- Pricing may be below industry average
Report Card
MORTGAGE EQUITY PARTNERS 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 | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | Multi-Regional · 25 metro areas · 21 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$376,557
Average Borrower Income
$146,605
Average Property Value
$493,832
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Sound | 1,080 | 73.8% | +0.426% | $3,147 |
FHA Loans | Sound | Strong | Mediocre | Strong | 321 | 21.9% | +0.736% | $4,665 |
VA Loans | Sound | Strong | Mediocre | Strong | 51 | 3.5% | +0.058% | $4,285 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Acceptable | Strong | 1,307 | 89.3% | +0.477% | $3,474 |
Refinance | Sound | Strong | Acceptable | Strong | 157 | 10.7% | +0.451% | $3,556 |
Geographic Coverage
Metro Areas
24
States Served
21
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
CACOCTDCDEFLGAMAMDMENCNHNJPARISCTNTXVAVTWA
Top Metro Areas by Place Specialization Score
1
Providence, RI-MAMSA
Volume: 197Mix: 13.46%
Place Specialization
Exceptional
2
Hartford, CTMSA
Volume: 142Mix: 9.70%
Place Specialization
Strong
3
Cambridge, MAMSA
Volume: 169Mix: 11.54%
Place Specialization
Strong
4
Boston, MA, MAMSA
Volume: 107Mix: 7.31%
Place Specialization
Strong
5
Baltimore, MDMSA
Volume: 120Mix: 8.20%
Place Specialization
Strong
6
Worcester, MA, MAMSA
Volume: 56Mix: 3.83%
Place Specialization
Strong
7
Orlando, FLMSA
Volume: 115Mix: 7.86%
Place Specialization
Strong
8
Florence, SC, SCMSA
Volume: 28Mix: 1.91%
Place Specialization
Strong
9
Manchester, NHMSA
Volume: 37Mix: 2.53%
Place Specialization
Strong
10
Washington, DC, DC-MDMSA
Volume: 31Mix: 2.12%
Place Specialization
Sound
Showing 10 of 24 metro areas
Top States by Place Specialization Score
1
MAState
Volume: 403Mix: 27.53%
Place Specialization
Strong
2
RIState
Volume: 150Mix: 10.25%
Place Specialization
Strong
3
CTState
Volume: 175Mix: 11.95%
Place Specialization
Strong
4
MDState
Volume: 183Mix: 12.50%
Place Specialization
Strong
5
NHState
Volume: 89Mix: 6.08%
Place Specialization
Strong
6
FLState
Volume: 237Mix: 16.19%
Place Specialization
Strong
7
SCState
Volume: 73Mix: 4.99%
Place Specialization
Strong
8
PAState
Volume: 45Mix: 3.07%
Place Specialization
Sound
9
CAState
Volume: 41Mix: 2.80%
Place Specialization
Sound
10
DEState
Volume: 14Mix: 0.96%
Place Specialization
Sound
Showing 10 of 11 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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