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NEW WAVE LENDING GROUP INC
Independent Mortgage Company|CITY OF INDUSTRY, CA|Multi-Region
Loans Originated
2,938
Applications
4,162
Volume
$1 billion
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Mediocre
Overall Pull Through
Strong
Pricing and Pullthrough Overview
Average Rate Spread
+0.757%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,838
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
70.6%
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 Jumbo loans
Things to Think About
- Rates typically 76 basis points above market average
Report Card
NEW WAVE LENDING GROUP 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 | Sound | Industry Standard | |
Jumbo | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | Multi-Regional · 34 metro areas · 23 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$569,687
Average Borrower Income
$269,984
Average Property Value
$864,561
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Mediocre | Strong | 2,695 | 91.7% | +0.739% | $3,866 |
FHA Loans | Sound | Sound | Acceptable | Sound | 41 | 1.4% | +0.504% | $4,354 |
Jumbo Loans | Sound | Exceptional | Mediocre | Strong | 194 | 6.6% | +1.259% | $2,979 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Acceptable | Strong | Mediocre | Sound | 2,417 | 82.3% | +0.765% | $4,077 |
Refinance | Sound | Strong | Acceptable | Strong | 521 | 17.7% | +0.717% | $2,709 |
Geographic Coverage
Metro Areas
33
States Served
23
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
AZCACOCTDCFLGAHIILMDMINCNJNVOHORPASCTNTXUTVAWA
Top Metro Areas by Place Specialization Score
1
Los Angeles, CAMSA
Volume: 777Mix: 26.45%
Place Specialization
Exceptional
2
Anaheim, CAMSA
Volume: 333Mix: 11.33%
Place Specialization
Exceptional
3
Riverside, CAMSA
Volume: 257Mix: 8.75%
Place Specialization
Strong
4
Oakland, CAMSA
Volume: 137Mix: 4.66%
Place Specialization
Strong
5
Las Vegas, NVMSA
Volume: 112Mix: 3.81%
Place Specialization
Strong
6
Atlanta, GAMSA
Volume: 146Mix: 4.97%
Place Specialization
Strong
7
San Francisco, CAMSA
Volume: 51Mix: 1.74%
Place Specialization
Strong
8
San Jose, CAMSA
Volume: 54Mix: 1.84%
Place Specialization
Strong
9
Houston, TXMSA
Volume: 76Mix: 2.59%
Place Specialization
Sound
10
Sacramento, CAMSA
Volume: 55Mix: 1.87%
Place Specialization
Sound
Showing 10 of 33 metro areas
Top States by Place Specialization Score
1
CAState
Volume: 1,878Mix: 63.92%
Place Specialization
Exceptional
2
NVState
Volume: 127Mix: 4.32%
Place Specialization
Strong
3
GAState
Volume: 200Mix: 6.81%
Place Specialization
Strong
4
TXState
Volume: 247Mix: 8.41%
Place Specialization
Strong
5
FLState
Volume: 134Mix: 4.56%
Place Specialization
Sound
6
ILState
Volume: 71Mix: 2.42%
Place Specialization
Sound
7
VAState
Volume: 53Mix: 1.80%
Place Specialization
Sound
8
MDState
Volume: 37Mix: 1.26%
Place Specialization
Sound
9
NJState
Volume: 32Mix: 1.09%
Place Specialization
Sound
10
NCState
Volume: 39Mix: 1.33%
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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