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POLARIS HOME FUNDING CORP.
Independent Mortgage Company|Englewood, FL|Multi-Region
Loans Originated
994
Applications
1,363
Volume
$205 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Mediocre
Overall Pull Through
Strong
Pricing and Pullthrough Overview
Average Rate Spread
+0.739%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,701
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
72.9%
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 and USDA loans
Things to Think About
- Rates typically 74 basis points above market average
Report Card
POLARIS HOME FUNDING CORP. performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Mediocre | Below peers | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Exceptional | Market Leader | |
VA | Strong | Highly Competitive | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Strong | Multi-Regional · 10 metro areas · 22 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$206,932
Average Borrower Income
$87,169
Average Property Value
$235,946
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Mediocre | Strong | 303 | 30.5% | +0.673% | $3,742 |
FHA Loans | Sound | Exceptional | Mediocre | Strong | 492 | 49.5% | +0.855% | $3,738 |
VA Loans | Sound | Strong | Mediocre | Strong | 64 | 6.4% | +0.185% | $4,111 |
USDA Loans | Sound | Exceptional | Mediocre | Strong | 135 | 13.6% | +0.552% | $3,011 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Mediocre | Strong | 861 | 86.6% | +0.771% | $3,515 |
Refinance | Sound | Strong | Mediocre | Strong | 133 | 13.4% | +0.558% | $4,757 |
Geographic Coverage
Metro Areas
9
States Served
22
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
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Top Metro Areas by Place Specialization Score
1
Weirton, WV-OHMSA
Volume: 93Mix: 9.36%
Place Specialization
Exceptional
2
Canton, OHMSA
Volume: 133Mix: 13.38%
Place Specialization
Exceptional
3
Akron, OH, OHMSA
Volume: 78Mix: 7.85%
Place Specialization
Strong
4
Cincinnati, OHMSA
Volume: 78Mix: 7.85%
Place Specialization
Strong
5
Fort Wayne, IN, INMSA
Volume: 51Mix: 5.13%
Place Specialization
Strong
6
Cleveland, OH, OHMSA
Volume: 49Mix: 4.93%
Place Specialization
Sound
7
Dayton, OHMSA
Volume: 30Mix: 3.02%
Place Specialization
Sound
8
Columbus, OH, OHMSA
Volume: 30Mix: 3.02%
Place Specialization
Sound
9
Springfield, OH, OHMSA
Volume: 12Mix: 1.21%
Place Specialization
Sound
Top States by Place Specialization Score
1
OHState
Volume: 670Mix: 67.40%
Place Specialization
Exceptional
2
KYState
Volume: 110Mix: 11.07%
Place Specialization
Strong
3
INState
Volume: 120Mix: 12.07%
Place Specialization
Strong
4
WVState
Volume: 36Mix: 3.62%
Place Specialization
Sound
5
MIState
Volume: 10Mix: 1.01%
Place Specialization
Acceptable
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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