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NextMortgage

Independent Mortgage Company•Sacramento, CAHQ•Direct•Reviews near you on Google

We analyzed every closed loan from NextMortgage — 422 loans across 680 applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Mediocre
1/5
vs. all lenders
Pull-through
Acceptable
2/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA
Place
Strong
4/5
Multi-Region · 6 mkts

Safe Rate Summary

What They Do Well

  • Particularly strong in FHA and VA loans

Things to Think About

  • Rates typically 59 basis points above market average
  • Pull through efficiency is below industry average

Explore another lender or local market

Report Card

NextMortgage performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Mediocre
+59.1 bps above market avg
Pull Through
Closing strength
Acceptable
Bottom 40% of lenders
By Loan Product· Specialization by type
Conventional
Sound
Top 60% of lenders
FHA
Strong
Top 40% of lenders
VA
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Acceptable
Bottom 40% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 7 markets
Sound
Top 60% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Acceptable
Product
Sound
Pricing
Mediocre
Pull Through
Sound
Volume264
Mix62.6%
Spread
+0.500%Above
Fees
$3,590Fees
FHA Loans
Overall
Sound
Product
Strong
Pricing
Mediocre
Pull Through
Strong
Volume121
Mix28.7%
Spread
+0.972%Above
Fees
$4,788Fees
VA Loans
Overall
Sound
Product
Strong
Pricing—
Pull Through
Sound
Volume36
Mix8.5%
Spread
+0.415%Above
Fees
$3,104Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Sound
Product
Strong
Pricing
Mediocre
Pull Through
Sound
Volume394
Mix93.4%
Spread
+0.577%Above
Fees
$3,864Fees
Refinance
Overall
Mediocre
Product
Acceptable
Pricing
Mediocre
Pull Through
Mediocre
Volume28
Mix6.6%
Spread
+0.761%Above
Fees
$3,136Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
422
Applications
680
Volume
$134 million
Pricing & Closing
Avg Rate Spread
+0.591%
vs. market APOR
Avg Net Fees
$3,806
Origination − Credits
Pullthrough Rate
62.1%
Applications → Closed
Typical Borrower
Avg Loan Amount
$319,194
Avg Borrower Income
$124,754
Avg Property Value
$377,630

Geographic Coverage

Geographic Performance

Metro Areas
6
markets with activity
States Served
13
of 50 states + DC
Avg Place Specialization
Strong
4/5

States with Loan Originations

13
13 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Northeast1
ME
Midwest2
MNND
South9
FLLAMSNCSCTNTXVAWV
West1
CO

Top Metro Areas by Place Specialization Score

1© nick hoke · CC BY 3.0
Deltona, FLMetro
Volume 92Mix 21.80% of portfolio
80/100
Strong
2© David Daniel Turner · CC BY 4.0
Houston, TXMetro
Volume 97Mix 22.99% of portfolio
66/100
Strong
3© Vasiliymeshko · CC BY-SA 4.0
Bangor, MEMetro
Volume 34Mix 8.06% of portfolio
66/100
Strong
4© The Floridian Boricua · CC BY-SA 2.0
Orlando, FLMetro
Volume 34Mix 8.06% of portfolio
56/100
Sound
5© chucka_nc · CC BY-SA 2.0
Charlotte, NC-SCMetro
Volume 27Mix 6.40% of portfolio
53/100
Sound
6© North Dakota Department of Transportation · CC0
Bismarck, NDMetro
Volume 13Mix 3.08% of portfolio
48/100
Sound

Top States by Place Specialization Score

Florida
Florida
1
FloridaState
Volume 153Mix 36.26% of portfolio
65/100
Strong
Texas
Texas
2
TexasState
Volume 110Mix 26.07% of portfolio
61/100
Strong
Maine
Maine
3
MaineState
Volume 45Mix 10.66% of portfolio
61/100
Strong
North Dakota
North Dakota
4
North DakotaState
Volume 39Mix 9.24% of portfolio
60/100
Sound
North Carolina
North Carolina
5
North CarolinaState
Volume 35Mix 8.29% of portfolio
51/100
Sound
Colorado
Colorado
6
ColoradoState
Volume 14Mix 3.32% of portfolio
43/100
Sound
South Carolina
South Carolina
7
South CarolinaState
Volume 11Mix 2.61% of portfolio
40/100
Acceptable

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
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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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.