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Claim this ProfilePreferred Mortgage Corporation
We analyzed every closed loan from Preferred Mortgage Corporation — 451 loans across 646 applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Acceptable
2/5
vs. all lenders
Pull-through
Exceptional
5/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · USDA
Place
Strong
4/5
unknown · 4 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Awards
FHA
Superstar
Summary
What They Do Well
- Strong pull through performance
- Particularly strong in FHA and VA and USDA loans
Things to Think About
- Rates typically 60 basis points above market average
Explore another lender or local market
Report Card
Preferred Mortgage Corporation performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+59.5 bps above market avg
2/5
Pull Through
Closing strength
Exceptional
Top 20% of lenders
5/5
By Loan Product· Specialization by type
Conventional
34 loans · 1.61% above market
Acceptable
Bottom 40% of lenders
2/5
FHA
304 loans · 0.70% above market
Strong
Top 40% of lenders
4/5
VA
52 loans · 0.18% above market
Strong
Top 40% of lenders
4/5
USDA
57 loans · 0.05% above market
Exceptional
Top 20% of lenders
5/5
By Loan Purpose· Transaction purpose mix
Purchase
435 loans · 0.60% above market
Strong
Top 40% of lenders
4/5
Refinance
16 loans · 0.51% above market
Acceptable
Bottom 40% of lenders
2/5
By Location· Geographic coverage
Geographic Reach
Varies · 4 markets
Strong
Top 40% of lenders
4/5
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | — | 34 | 7.5% | +1.608%Above | $4,054Fees | |||
FHA Loans | 304 | 67.4% | +0.703%Above | $2,981Fees | ||||
VA Loans | 52 | 11.5% | +0.178%Above | $2,043Fees | ||||
USDA Loans | — | 57 | 12.6% | +0.054%Above | $3,505Fees |
Conventional
OverallAcceptable
ProductAcceptable
Pricing—
Pull ThroughSound
Volume34
Mix7.5%
Spread
+1.608%Above
Fees
$4,054Fees
FHA Loans
OverallStrong
ProductStrong
PricingAcceptable
Pull ThroughExceptional
Volume304
Mix67.4%
Spread
+0.703%Above
Fees
$2,981Fees
VA Loans
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume52
Mix11.5%
Spread
+0.178%Above
Fees
$2,043Fees
USDA Loans
OverallExceptional
ProductExceptional
Pricing—
Pull ThroughExceptional
Volume57
Mix12.6%
Spread
+0.054%Above
Fees
$3,505Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 435 | 96.5% | +0.602%Above | $2,835Fees | ||||
Refinance | — | 16 | 3.5% | +0.513%Above | $3,088Fees |
Purchase
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume435
Mix96.5%
Spread
+0.602%Above
Fees
$2,835Fees
Refinance
OverallSound
ProductAcceptable
Pricing—
Pull ThroughStrong
Volume16
Mix3.5%
Spread
+0.513%Above
Fees
$3,088Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
451
Applications
646
Volume
$66 million
Pricing & Closing
Avg Rate Spread
+0.595%
vs. market APOR
Avg Net Fees
$2,855
Origination − Credits
Pullthrough Rate
69.8%
Applications → Closed
Typical Borrower
Avg Loan Amount
$146,596
Avg Borrower Income
$61,596
Avg Property Value
$179,834
How We Rank Lenders
Our rankings use an equal-weight average of scores across the 5 Ps: Pricing, Product, Pull-Through, Place, and Promptness. Promptness measures how quickly a lender answers real shopper quote requests; a lender with none measured yet is counted at an estimate.
Our Point System (Max 50 Points)
10/ 50 pts
Pricing
How competitively a lender prices vs. the market benchmark (20%).
10/ 50 pts
Product
Performance on your specific loan type (20%).
10/ 50 pts
Pull Through
How reliably a lender closes the loans it starts (20%).
10/ 50 pts
Place
Depth of a lender's expertise in your local market (20%).
10/ 50 pts
Promptness
How quickly a lender answers real quote requests — blended in once they respond (20%).
Champion(80%+ = 40-50 points)
Superstar(60-79% = 30-39 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary Safe Rate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
Looking for a different lender?
The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
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.