What loan types does OPEN MORTGAGE, LLC offer?

OPEN MORTGAGE, LLC offers the following mortgage loan types: FHA, Conventional, VA, usda. Each product has its own pricing score and performance metrics.

Where does OPEN MORTGAGE, LLC offer mortgages?

OPEN MORTGAGE, LLC offers mortgages in 36 states: AL, AR, AZ, CA, CO, FL, GA, IL, IN, KS, KY, LA, MD, ME, MI, MN, MO, MS, NC, ND, NE, NJ, NM, NV, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, WA, WY.

How competitive are OPEN MORTGAGE, LLC's mortgage rates?

OPEN MORTGAGE, LLC has an overall pricing score of 14.2/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is OPEN MORTGAGE, LLC?

OPEN MORTGAGE, LLC is a Independent Mortgage Company headquartered in AUSTIN, TX.

Unclaimed

Open Mortgage, LLC

Independent Mortgage Company•AUSTIN, TX•Direct to Consumer

We analyzed every closed loan from Open Mortgage — 694 loans across 2k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.

Pricing

Mediocre

vs. all lenders

Pull Through

Acceptable

closing strength

Products

Strong

FHA · Conventional · VA · USDA

Place

Sound

Near-National · 13 mkts

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Safe Rate's Summary

What They Do Well

Nationwide availability with consistent service

Things to Think About

Rates typically 85 basis points above market average
Higher than average fees ($4,186)
Pull through efficiency is below industry average

Explore another lender or local market

Report Card

Open Mortgage, LLC performance at a glance

Category	Score	vs. Peers
Overall Performance· Pricing & closing strength
Pricing Rate competitiveness	Mediocre	Below peers +85.1 bps above market avg
Pull Through Closing strength	Acceptable	Near industry average Bottom 40% of lenders
By Loan Product· Specialization by type
Conventional	Sound	Industry Standard Top 60% of lenders
FHA	Strong	Highly Competitive Top 40% of lenders
VA	Sound	Industry Standard Top 60% of lenders
USDA	Sound	Industry Standard Top 60% of lenders
By Loan Purpose· Transaction purpose mix
Purchase	Sound	Industry Standard Top 60% of lenders
Refinance	Sound	Industry Standard Top 60% of lenders
By Location· Geographic coverage
Geographic Reach Coverage footprint	Sound	Industry Standard Top 60% of lenders Near-National14 markets

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Acceptable	Sound	Mediocre	Acceptable	208	30.0%	+0.621%Above	$4,291Fees
FHA Loans	Acceptable	Strong	Mediocre	Sound	431	62.1%	+1.019%Above	$4,226Fees
VA Loans	Acceptable	Sound	Mediocre	Acceptable	32	4.6%	-0.107%Below	$3,481Fees
USDA Loans	Acceptable	Sound	—	Mediocre	15	2.2%	+0.851%Above	$2,443Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Acceptable	Sound	Mediocre	Acceptable	605	87.2%	+0.901%Above	$4,343Fees
Refinance	Acceptable	Sound	Acceptable	Acceptable	89	12.8%	+0.430%Above	$2,884Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

694

Applications

1,827

Volume

$305 million

Pricing & Closing

Avg Rate Spread

+0.851%

vs. market APOR

Avg Net Fees

$4,186

Origination − Credits

Pullthrough Rate

38.0%

Applications → Closed

Typical Borrower

Avg Loan Amount

$440,144

Avg Borrower Income

$148,862

Avg Property Value

$511,210

Geographic Coverage

Geographic Performance

Metro Areas

States Served

We count Washington DC as a state

Avg Place Specialization

Sound

States with Loan Originations

ALARAZCACOFLGAILINKSKYLAMDMEMIMNMOMSNCNDNENJNMNVOHOKORPASCSDTNTXUTVAWAWY

Top Metro Areas by Place Specialization Score

Los Angeles, CAMSA

Volume: 124Mix: 17.87%of portfolio

Place

Strong

Riverside, CAMSA

Volume: 118Mix: 17.00%of portfolio

Place

Strong

Beaumont, TXMSA

Volume: 17Mix: 2.45%of portfolio

Place

Sound

San Antonio, TXMSA

Volume: 22Mix: 3.17%of portfolio

Place

Sound

Kansas City, MO, MO-KSMSA

Volume: 17Mix: 2.45%of portfolio

Place

Sound

Tampa, FL, FLMSA

Volume: 16Mix: 2.31%of portfolio

Place

Sound

Houston, TXMSA

Volume: 19Mix: 2.74%of portfolio

Place

Sound

Anaheim, CAMSA

Volume: 13Mix: 1.87%of portfolio

Place

Sound

Dallas, TXMSA

Volume: 17Mix: 2.45%of portfolio

Place

Sound

Fort Worth, TXMSA

Volume: 13Mix: 1.87%of portfolio

Place

Sound

Showing 10 of 13 metro areas

Top States by Place Specialization Score

CAState

Volume: 300Mix: 43.23%of portfolio

Place

Strong

TXState

Volume: 107Mix: 15.42%of portfolio

Place

Sound

FLState

Volume: 63Mix: 9.08%of portfolio

Place

Sound

KSState

Volume: 17Mix: 2.45%of portfolio

Place

Sound

MOState

Volume: 22Mix: 3.17%of portfolio

Place

Sound

GAState

Volume: 21Mix: 3.03%of portfolio

Place

Sound

MDState

Volume: 16Mix: 2.31%of portfolio

Place

Sound

OKState

Volume: 13Mix: 1.87%of portfolio

Place

Sound

NCState

Volume: 17Mix: 2.45%of portfolio

Place

Sound

VAState

Volume: 15Mix: 2.16%of portfolio

Place

Sound

Showing 10 of 11 states

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)

Pricing

Rate and fee competitiveness (33%)

Pull Through

Reliability in closing loans (33%)

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.