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Nova Financial & Investment Corporation
Independent Mortgage Company•TUCSON, AZ•Direct to Consumer
We analyzed every closed loan from Nova Financial Investment — 3.8k loans across 6k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Acceptable
vs. all lenders
Pull Through
Exceptional
closing strength
Products
Exceptional
FHA · Conventional · VA · Jumbo · USDA
Place
Strong
Multi-Region · 20 mkts
Safe Rate Awards⭐FHA Superstar⭐Jumbo Superstar
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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
Explore another lender or local market
Report Card
Nova Financial & Investment Corporation performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Near industry average +36.2 bps above market avg | |
Pull Through Closing strength | Market Leader Top 20% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Market Leader Top 20% of lenders | |
FHA | Market Leader Top 20% of lenders | |
VA | Market Leader Top 20% of lenders | |
Jumbo | Highly Competitive Top 40% of lenders | |
USDA | Market Leader Top 20% of lenders | |
By Loan Purpose· Transaction purpose mix | ||
Purchase | Market Leader Top 20% of lenders | |
Refinance | Market Leader Top 20% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Highly Competitive Top 40% of lenders Multi-Regional21 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 2,165 | 56.7% | +0.359%Above | $2,514Fees | ||||
FHA Loans | 1,199 | 31.4% | +0.505%Above | $2,943Fees | ||||
VA Loans | 357 | 9.4% | +0.080%Above | $2,983Fees | ||||
Jumbo Loans | 64 | 1.7% | +0.285%Above | $1,596Fees | ||||
USDA Loans | — | 33 | 0.9% | -0.024%Below | $1,519Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 3,210 | 84.1% | +0.374%Above | $2,528Fees | ||||
Refinance | 608 | 15.9% | +0.327%Above | $2,911Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
3,818
Applications
5,508
Volume
$1 billion
Pricing & Closing
Avg Rate Spread
+0.362%
vs. market APOR
Avg Net Fees
$2,630
Origination − Credits
Pullthrough Rate
69.3%
Applications → Closed
Typical Borrower
Avg Loan Amount
$365,086
Avg Borrower Income
$140,820
Avg Property Value
$471,045
Geographic Coverage
Geographic Performance
Metro Areas
20
States Served
20
We count Washington DC as a state
Avg Place Specialization
States with Loan Originations
ALAZCACOFLIDILINMTNENMNVOKORPATNTXUTWAWY
Top Metro Areas by Place Specialization Score
1
Tucson, AZ, AZMSA
Volume: 1,064Mix: 27.87%of portfolio
Place
Exceptional2
Yuma, AZ, AZMSA
Volume: 489Mix: 12.81%of portfolio
Place
Exceptional3
Phoenix, AZMSA
Volume: 970Mix: 25.41%of portfolio
Place
Exceptional4
Tacoma, WAMSA
Volume: 114Mix: 2.99%of portfolio
Place
Strong5
Sierra Vista, AZMSA
Volume: 67Mix: 1.75%of portfolio
Place
Strong6
Denver, COMSA
Volume: 316Mix: 8.28%of portfolio
Place
Strong7
Las Vegas, NVMSA
Volume: 146Mix: 3.82%of portfolio
Place
Strong8
Prescott Valley, AZMSA
Volume: 39Mix: 1.02%of portfolio
Place
Strong9
Eugene, ORMSA
Volume: 36Mix: 0.94%of portfolio
Place
Strong10
Colorado Springs, CO, COMSA
Volume: 37Mix: 0.97%of portfolio
Place
SoundShowing 10 of 20 metro areas
Top States by Place Specialization Score
1
AZState
Volume: 2,769Mix: 72.52%of portfolio
Place
Exceptional2
COState
Volume: 413Mix: 10.82%of portfolio
Place
Strong3
WAState
Volume: 217Mix: 5.68%of portfolio
Place
Strong4
NVState
Volume: 154Mix: 4.03%of portfolio
Place
Strong5
ORState
Volume: 72Mix: 1.89%of portfolio
Place
Sound6
CAState
Volume: 69Mix: 1.81%of portfolio
Place
Sound7
NMState
Volume: 25Mix: 0.65%of portfolio
Place
Sound8
TXState
Volume: 34Mix: 0.89%of portfolio
Place
Sound9
FLState
Volume: 31Mix: 0.81%of portfolio
Place
SoundHow 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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The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.
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.