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PHH Mortgage Corporation
Independent Mortgage Company|Mount Laurel, NJ|National
Loans Originated
2,729
Applications
9,941
Volume
$744 million
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Acceptable
Pricing and Pullthrough Overview
Average Rate Spread
+0.256%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,363
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
27.5%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Particularly strong in Conventional and FHA and VA loans
- Nationwide availability with consistent service
Things to Think About
- Pricing may be below industry average
- Pull through efficiency is below industry average
Report Card
PHH Mortgage Corporation performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Acceptable | Near industry average | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Sound | Industry Standard | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | National · 50 metro areas · 51 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$272,655
Average Borrower Income
$121,232
Average Property Value
$443,882
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Acceptable | 2,196 | 80.5% | +0.398% | $3,742 |
FHA Loans | Sound | Strong | Strong | Acceptable | 403 | 14.8% | +0.369% | $2,130 |
VA Loans | Sound | Strong | Sound | Sound | 121 | 4.4% | -0.619% | $3,113 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Acceptable | Sound | Acceptable | Acceptable | 325 | 11.9% | +0.385% | $3,068 |
Refinance | Sound | Strong | Acceptable | Acceptable | 2,404 | 88.1% | +0.239% | $3,403 |
Geographic Coverage
Metro Areas
49
States Served
51
Why 51? We count DC as a state
Avg Place Specialization
Sound
States with Loan Originations
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Atlanta, GAMSA
Volume: 75Mix: 2.75%
Place Specialization
Sound
2
Dallas, TXMSA
Volume: 72Mix: 2.64%
Place Specialization
Sound
3
Phoenix, AZMSA
Volume: 69Mix: 2.53%
Place Specialization
Sound
4
Chicago, ILMSA
Volume: 61Mix: 2.24%
Place Specialization
Sound
5
Indianapolis, INMSA
Volume: 45Mix: 1.65%
Place Specialization
Sound
6
Houston, TXMSA
Volume: 60Mix: 2.20%
Place Specialization
Sound
7
Fort Worth, TXMSA
Volume: 35Mix: 1.28%
Place Specialization
Sound
8
St. Louis, MO, MO-ILMSA
Volume: 33Mix: 1.21%
Place Specialization
Sound
9
Denver, COMSA
Volume: 37Mix: 1.36%
Place Specialization
Sound
10
Riverside, CAMSA
Volume: 38Mix: 1.39%
Place Specialization
Sound
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
TXState
Volume: 277Mix: 10.15%
Place Specialization
Strong
2
GAState
Volume: 143Mix: 5.24%
Place Specialization
Strong
3
PAState
Volume: 127Mix: 4.65%
Place Specialization
Strong
4
ALState
Volume: 82Mix: 3.00%
Place Specialization
Strong
5
FLState
Volume: 203Mix: 7.44%
Place Specialization
Strong
6
CAState
Volume: 196Mix: 7.18%
Place Specialization
Strong
7
AZState
Volume: 102Mix: 3.74%
Place Specialization
Strong
8
NJState
Volume: 85Mix: 3.11%
Place Specialization
Sound
9
ILState
Volume: 102Mix: 3.74%
Place Specialization
Sound
10
INState
Volume: 92Mix: 3.37%
Place Specialization
Sound
Showing 10 of 44 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)
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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