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PATRIOT MORTGAGE COMPANY
Independent Mortgage Company|EL PASO, TX|Single State
Loans Originated
253
Applications
309
Volume
$69 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Acceptable
Overall Pull Through
Exceptional
Pricing and Pullthrough Overview
Average Rate Spread
+0.429%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$4,318
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
81.9%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in FHA and VA loans
Things to Think About
- Pricing may be below industry average
- Higher than average fees ($4,318)
Report Card
PATRIOT MORTGAGE COMPANY 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 | Acceptable | Near industry average | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Places Geographic coverage | Exceptional | Single State · 1 metro areas · 1 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$276,660
Average Borrower Income
$99,178
Average Property Value
$291,087
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Acceptable | Acceptable | N/A | Sound | 25 | 9.9% | +0.493% | $3,534 |
FHA Loans | Sound | Strong | Acceptable | Exceptional | 156 | 61.7% | +0.484% | $4,644 |
VA Loans | Strong | Strong | N/A | Exceptional | 72 | 28.5% | -0.420% | $2,195 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Acceptable | Exceptional | 251 | 99.2% | +0.454% | $4,457 |
Geographic Coverage
Metro Areas
1
States Served
1
We count Washington DC as a state
Avg Place Specialization
Exceptional
States with Loan Originations
TX
Top Metro Areas by Place Specialization Score
1
El Paso, TX, TXMSA
Volume: 250Mix: 98.81%
Place Specialization
Exceptional
Top States by Place Specialization Score
1
TXState
Volume: 253Mix: 100.00%
Place Specialization
Strong
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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