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NOVA FINANCIAL & INVESTMENT CORPORATION
Independent Mortgage Company|TUCSON, AZ|Multi-Region
Loans Originated
3,818
Applications
5,508
Volume
$1 billion
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Exceptional
Safe Rate Awards⭐FHA Superstar⭐Jumbo Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.362%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,630
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
69.3%
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 and USDA loans
Things to Think About
- Pricing may be below industry average
Report Card
NOVA FINANCIAL & INVESTMENT CORPORATION performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Exceptional | Market Leader | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
FHA | Exceptional | Market Leader | |
VA | Exceptional | Market Leader | |
Jumbo | Strong | Highly Competitive | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Exceptional | Market Leader | |
Places Geographic coverage | Strong | Multi-Regional · 21 metro areas · 20 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$365,086
Average Borrower Income
$140,820
Average Property Value
$471,045
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Exceptional | Acceptable | Strong | 2,165 | 56.7% | +0.359% | $2,514 |
FHA Loans | Strong | Exceptional | Sound | Strong | 1,199 | 31.4% | +0.505% | $2,943 |
VA Loans | Sound | Exceptional | Mediocre | Strong | 357 | 9.4% | +0.080% | $2,983 |
Jumbo Loans | Strong | Strong | Sound | Strong | 64 | 1.7% | +0.285% | $1,596 |
USDA Loans | Strong | Exceptional | N/A | Strong | 33 | 0.9% | -0.024% | $1,519 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Exceptional | Acceptable | Strong | 3,210 | 84.1% | +0.374% | $2,528 |
Refinance | Sound | Exceptional | Acceptable | Strong | 608 | 15.9% | +0.327% | $2,911 |
Geographic Coverage
Metro Areas
20
States Served
20
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
ALAZCACOFLIDILINMTNENMNVOKORPATNTXUTWAWY
Top Metro Areas by Place Specialization Score
1
Tucson, AZ, AZMSA
Volume: 1,064Mix: 27.87%
Place Specialization
Exceptional
2
Yuma, AZ, AZMSA
Volume: 489Mix: 12.81%
Place Specialization
Exceptional
3
Phoenix, AZMSA
Volume: 970Mix: 25.41%
Place Specialization
Exceptional
4
Tacoma, WAMSA
Volume: 114Mix: 2.99%
Place Specialization
Strong
5
Sierra Vista, AZMSA
Volume: 67Mix: 1.75%
Place Specialization
Strong
6
Denver, COMSA
Volume: 316Mix: 8.28%
Place Specialization
Strong
7
Las Vegas, NVMSA
Volume: 146Mix: 3.82%
Place Specialization
Strong
8
Prescott Valley, AZMSA
Volume: 39Mix: 1.02%
Place Specialization
Strong
9
Eugene, ORMSA
Volume: 36Mix: 0.94%
Place Specialization
Strong
10
Colorado Springs, CO, COMSA
Volume: 37Mix: 0.97%
Place Specialization
Sound
Showing 10 of 20 metro areas
Top States by Place Specialization Score
1
AZState
Volume: 2,769Mix: 72.52%
Place Specialization
Exceptional
2
COState
Volume: 413Mix: 10.82%
Place Specialization
Strong
3
WAState
Volume: 217Mix: 5.68%
Place Specialization
Strong
4
NVState
Volume: 154Mix: 4.03%
Place Specialization
Strong
5
ORState
Volume: 72Mix: 1.89%
Place Specialization
Sound
6
CAState
Volume: 69Mix: 1.81%
Place Specialization
Sound
7
NMState
Volume: 25Mix: 0.65%
Place Specialization
Sound
8
TXState
Volume: 34Mix: 0.89%
Place Specialization
Sound
9
FLState
Volume: 31Mix: 0.81%
Place Specialization
Sound
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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