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NATIONWIDE MORTGAGE BANKERS, INC.
Independent Mortgage Company|WILMINGTON, DE|National
Loans Originated
3,087
Applications
4,545
Volume
$1 billion
Offers loans directly to consumers
Overall Pricing
Mediocre
Overall Pull Through
Strong
Pricing and Pullthrough Overview
Average Rate Spread
+0.589%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$4,927
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
67.9%
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 and Jumbo loans
- Nationwide availability with consistent service
Things to Think About
- Rates typically 59 basis points above market average
- Higher than average fees ($4,927)
Report Card
NATIONWIDE MORTGAGE BANKERS, INC. performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Mediocre | Below peers | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Exceptional | Market Leader | |
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 | Sound | National · 39 metro areas · 40 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$461,893
Average Borrower Income
$142,404
Average Property Value
$585,003
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Mediocre | Strong | 1,871 | 60.6% | +0.497% | $4,602 |
FHA Loans | Sound | Exceptional | Mediocre | Strong | 1,067 | 34.6% | +0.899% | $5,716 |
VA Loans | Sound | Strong | Mediocre | Strong | 123 | 4.0% | +0.052% | $5,162 |
Jumbo Loans | Sound | Strong | N/A | Sound | 20 | 0.6% | +0.363% | $4,008 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Mediocre | Strong | 2,412 | 78.1% | +0.598% | $4,833 |
Refinance | Sound | Strong | Mediocre | Strong | 675 | 21.9% | +0.551% | $5,349 |
Geographic Coverage
Metro Areas
38
States Served
40
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
ALARAZCACOCTDCDEFLGAIAILINKSKYLAMAMDMEMIMNMOMTNCNHNJNMNVNYOHORPARISCTNTXVAWAWIWV
Top Metro Areas by Place Specialization Score
1
Nassau County, NYMSA
Volume: 937Mix: 30.35%
Place Specialization
Exceptional
2
New York, NY-NJMSA
Volume: 603Mix: 19.53%
Place Specialization
Exceptional
3
Newark, NJ, NJMSA
Volume: 122Mix: 3.95%
Place Specialization
Strong
4
Kiryas Joel, NYMSA
Volume: 70Mix: 2.27%
Place Specialization
Strong
5
Lakewood, NJMSA
Volume: 95Mix: 3.08%
Place Specialization
Strong
6
Baltimore, MDMSA
Volume: 90Mix: 2.92%
Place Specialization
Strong
7
Miami, FLMSA
Volume: 75Mix: 2.43%
Place Specialization
Strong
8
Philadelphia, PA, PAMSA
Volume: 36Mix: 1.17%
Place Specialization
Sound
9
Orlando, FLMSA
Volume: 44Mix: 1.43%
Place Specialization
Sound
10
Pittsburgh, PA, PAMSA
Volume: 35Mix: 1.13%
Place Specialization
Sound
Showing 10 of 38 metro areas
Top States by Place Specialization Score
1
NYState
Volume: 1,568Mix: 50.79%
Place Specialization
Exceptional
2
NJState
Volume: 368Mix: 11.92%
Place Specialization
Strong
3
FLState
Volume: 281Mix: 9.10%
Place Specialization
Strong
4
MDState
Volume: 133Mix: 4.31%
Place Specialization
Strong
5
PAState
Volume: 145Mix: 4.70%
Place Specialization
Strong
6
CTState
Volume: 56Mix: 1.81%
Place Specialization
Sound
7
OHState
Volume: 77Mix: 2.49%
Place Specialization
Sound
8
VAState
Volume: 53Mix: 1.72%
Place Specialization
Sound
9
GAState
Volume: 60Mix: 1.94%
Place Specialization
Sound
10
SCState
Volume: 37Mix: 1.20%
Place Specialization
Sound
Showing 10 of 21 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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