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Northern Mortgage Services

Independent Mortgage Company•Grand Rapids, MIHQ•Direct•Reviews near you on Google

We analyzed every closed loan from Northern Mortgage Services — 763 loans across 944 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
Acceptable
2/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA
Place
Sound
3/5
Multi-Region · 8 mkts
Safe Rate Awards
FHA Superstar
FHA
Superstar

Safe Rate 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

Explore another lender or local market

Report Card

Northern Mortgage Services performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+46.4 bps above market avg
Pull Through
Closing strength
Strong
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% 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
Sound
Top 60% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 9 markets
Sound
Top 60% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Sound
Product
Strong
Pricing
Acceptable
Pull Through
Strong
Volume565
Mix74.0%
Spread
+0.427%Above
Fees
$3,464Fees
FHA Loans
Overall
Strong
Product
Strong
Pricing
Sound
Pull Through
Strong
Volume162
Mix21.2%
Spread
+0.722%Above
Fees
$1,971Fees
VA Loans
Overall
Strong
Product
Strong
Pricing—
Pull Through
Exceptional
Volume31
Mix4.1%
Spread
+0.101%Above
Fees
$2,784Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Sound
Product
Strong
Pricing
Acceptable
Pull Through
Strong
Volume677
Mix88.7%
Spread
+0.482%Above
Fees
$3,168Fees
Refinance
Overall
Sound
Product
Sound
Pricing
Mediocre
Pull Through
Strong
Volume86
Mix11.3%
Spread
+0.340%Above
Fees
$3,445Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
763
Applications
944
Volume
$197 million
Pricing & Closing
Avg Rate Spread
+0.464%
vs. market APOR
Avg Net Fees
$3,205
Origination − Credits
Pullthrough Rate
80.8%
Applications → Closed
Typical Borrower
Avg Loan Amount
$259,482
Avg Borrower Income
$105,140
Avg Property Value
$322,811

Geographic Coverage

Geographic Performance

Metro Areas
8
markets with activity
States Served
10
of 50 states + DC
Avg Place Specialization
Sound
3/5

States with Loan Originations

10
10 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Northeast4
CTMEMANH
Midwest3
INMIOH
South3
FLNCTN

Top Metro Areas by Place Specialization Score

1© WMrapids · CC0
Grand Rapids, MIMetro
Volume 338Mix 44.30% of portfolio
81/100
Exceptional
2© Warren LeMay from Cincinnati, OH, United States · CC0
Cleveland, OHMetro
Volume 194Mix 25.43% of portfolio
78/100
Strong
3© Warren LeMay · CC BY-SA 2.0
Dayton, OHMetro
Volume 29Mix 3.80% of portfolio
54/100
Sound
4© JJonahJackalope · CC BY-SA 4.0
Muskegon, MIMetro
Volume 14Mix 1.83% of portfolio
49/100
Sound
5© Matt Turner · CC BY 2.0
Springfield, MAMetro
Volume 12Mix 1.57% of portfolio
44/100
Sound
6© Seasider53 · CC BY 4.0
Portland, MEMetro
Volume 11Mix 1.44% of portfolio
43/100
Sound
7© WeaponizingArchitecture · CC BY-SA 4.0
Lansing, MIMetro
Volume 10Mix 1.31% of portfolio
42/100
Sound
8© Nathan C. Fortner (User:Nfutvol at en.wikipedia) · CC BY-SA 3.0
Knoxville, TNMetro
Volume 10Mix 1.31% of portfolio
41/100
Sound

Top States by Place Specialization Score

Michigan
Michigan
1
MichiganState
Volume 431Mix 56.49% of portfolio
78/100
Strong
Ohio
Ohio
2
OhioState
Volume 252Mix 33.03% of portfolio
72/100
Strong
Maine
Maine
3
MaineState
Volume 34Mix 4.46% of portfolio
55/100
Sound
Massachusetts
Massachusetts
4
MassachusettsState
Volume 19Mix 2.49% of portfolio
45/100
Sound
Tennessee
Tennessee
5
TennesseeState
Volume 11Mix 1.44% of portfolio
38/100
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.