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NextMortgage, LLC
Independent Mortgage Company|Sacramento, CA|Multi-Region
Loans Originated
422
Applications
680
Volume
$134 million
Offers loans directly to consumers
Overall Pricing
Mediocre
Overall Pull Through
Acceptable
Pricing and Pullthrough Overview
Average Rate Spread
+0.591%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,806
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
62.1%
Percentage of applications that result in closed loans
Safe Rate's 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
Report Card
NextMortgage, LLC performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Mediocre | Below peers | |
Pull Through Closing Strength | Acceptable | Near industry average | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Sound | Industry Standard | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Acceptable | Near industry average | |
Places Geographic coverage | Sound | Multi-Regional · 7 metro areas · 13 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$319,194
Average Borrower Income
$124,754
Average Property Value
$377,630
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Acceptable | Sound | Mediocre | Sound | 264 | 62.6% | +0.500% | $3,590 |
FHA Loans | Sound | Strong | Mediocre | Strong | 121 | 28.7% | +0.972% | $4,788 |
VA Loans | Sound | Strong | N/A | Sound | 36 | 8.5% | +0.415% | $3,104 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Acceptable | Strong | Mediocre | Sound | 394 | 93.4% | +0.577% | $3,864 |
Refinance | Mediocre | Acceptable | Mediocre | Mediocre | 28 | 6.6% | +0.761% | $3,136 |
Geographic Coverage
Metro Areas
6
States Served
13
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
COFLLAMEMNMSNCNDSCTNTXVAWV
Top Metro Areas by Place Specialization Score
1
Deltona, FLMSA
Volume: 92Mix: 21.80%
Place Specialization
Strong
2
Houston, TXMSA
Volume: 97Mix: 22.99%
Place Specialization
Strong
3
Bangor, ME, MEMSA
Volume: 34Mix: 8.06%
Place Specialization
Strong
4
Orlando, FLMSA
Volume: 34Mix: 8.06%
Place Specialization
Sound
5
Charlotte, NC-SCMSA
Volume: 27Mix: 6.40%
Place Specialization
Sound
6
Bismarck, ND, NDMSA
Volume: 13Mix: 3.08%
Place Specialization
Sound
Top States by Place Specialization Score
1
FLState
Volume: 153Mix: 36.26%
Place Specialization
Strong
2
TXState
Volume: 110Mix: 26.07%
Place Specialization
Strong
3
MEState
Volume: 45Mix: 10.66%
Place Specialization
Strong
4
NDState
Volume: 39Mix: 9.24%
Place Specialization
Sound
5
NCState
Volume: 35Mix: 8.29%
Place Specialization
Sound
6
COState
Volume: 14Mix: 3.32%
Place Specialization
Sound
7
SCState
Volume: 11Mix: 2.61%
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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