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MORTGAGE EXPRESS, LLC
Independent Mortgage Company|PORTLAND, OR|Regional
Loans Originated
1,112
Applications
1,542
Volume
$469 million
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Strong
Pricing and Pullthrough Overview
Average Rate Spread
+0.374%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,899
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
72.1%
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 EXPRESS, 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 | Strong | Regional · 9 metro areas · 5 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$422,383
Average Borrower Income
$158,193
Average Property Value
$557,491
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Strong | 821 | 73.8% | +0.362% | $3,839 |
FHA Loans | Sound | Strong | Acceptable | Strong | 232 | 20.9% | +0.502% | $4,104 |
VA Loans | Sound | Strong | Mediocre | Strong | 53 | 4.8% | -0.175% | $3,908 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Acceptable | Strong | 1,012 | 91.0% | +0.384% | $3,956 |
Refinance | Sound | Strong | Acceptable | Sound | 100 | 9.0% | +0.278% | $3,327 |
Geographic Coverage
Metro Areas
8
States Served
5
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
AZCAIDORWA
Top Metro Areas by Place Specialization Score
1
Corvallis, OR, ORMSA
Volume: 63Mix: 5.67%
Place Specialization
Exceptional
2
Portland, OR-WAMSA
Volume: 691Mix: 62.14%
Place Specialization
Exceptional
3
Albany, OR, ORMSA
Volume: 40Mix: 3.60%
Place Specialization
Exceptional
4
Salem, OR, ORMSA
Volume: 88Mix: 7.91%
Place Specialization
Exceptional
5
Medford, OR, ORMSA
Volume: 55Mix: 4.95%
Place Specialization
Strong
6
Eugene, ORMSA
Volume: 32Mix: 2.88%
Place Specialization
Strong
7
Walla Walla, WA, WAMSA
Volume: 17Mix: 1.53%
Place Specialization
Sound
8
Bend, OR, ORMSA
Volume: 17Mix: 1.53%
Place Specialization
Sound
Top States by Place Specialization Score
1
ORState
Volume: 964Mix: 86.69%
Place Specialization
Exceptional
2
WAState
Volume: 114Mix: 10.25%
Place Specialization
Strong
3
IDState
Volume: 14Mix: 1.26%
Place Specialization
Sound
4
CAState
Volume: 11Mix: 0.99%
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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