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PIKE CREEK MORTGAGE SERVICES, INC.
Independent Mortgage Company|WILMINGTON, DE|Multi-Region
Loans Originated
1,155
Applications
1,394
Volume
$379 million
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Exceptional
Safe Rate Awards⭐FHA Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.310%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,698
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
82.9%
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 loans
Things to Think About
- Pricing may be below industry average
Report Card
PIKE CREEK MORTGAGE SERVICES, INC. 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 | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
Jumbo | Sound | Industry Standard | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Strong | Multi-Regional · 6 metro areas · 10 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$328,654
Average Borrower Income
$130,961
Average Property Value
$409,485
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Exceptional | 791 | 68.5% | +0.307% | $3,677 |
FHA Loans | Strong | Strong | Sound | Exceptional | 300 | 26.0% | +0.377% | $3,687 |
VA Loans | Sound | Strong | Mediocre | Strong | 47 | 4.1% | -0.299% | $4,787 |
Jumbo Loans | Sound | Sound | N/A | N/A | 13 | 1.1% | +0.285% | $2,508 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Acceptable | Exceptional | 1,086 | 94.0% | +0.308% | $3,708 |
Refinance | Sound | Strong | Acceptable | Exceptional | 69 | 6.0% | +0.342% | $3,550 |
Geographic Coverage
Metro Areas
5
States Served
10
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
ALDEFLMDNJPASCTNTXVA
Top Metro Areas by Place Specialization Score
1
Wilmington, DEMSA
Volume: 713Mix: 61.73%
Place Specialization
Exceptional
2
Dover, DE, DEMSA
Volume: 163Mix: 14.11%
Place Specialization
Exceptional
3
Montgomery County, PAMSA
Volume: 76Mix: 6.58%
Place Specialization
Strong
4
Philadelphia, PA, PAMSA
Volume: 33Mix: 2.86%
Place Specialization
Sound
5
Camden, NJ, NJMSA
Volume: 13Mix: 1.13%
Place Specialization
Sound
Top States by Place Specialization Score
1
DEState
Volume: 927Mix: 80.26%
Place Specialization
Exceptional
2
PAState
Volume: 121Mix: 10.48%
Place Specialization
Strong
3
MDState
Volume: 61Mix: 5.28%
Place Specialization
Sound
4
NJState
Volume: 15Mix: 1.30%
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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