P
We analyzed every closed loan from Premium Mortgage — 4.6k loans across 5k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Strong
vs. all lenders
Pull Through
Exceptional
closing strength
Products
Exceptional
FHA · Conventional · VA · USDA
Place
Strong
Multi-Region · 11 mkts
Safe Rate Awards💎Conventional Champion💎FHA Champion💎Purchase Champion⭐VA Superstar⭐Refinance Superstar
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Safe Rate's Summary
What They Do Well
- Competitive pricing compared to the market
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and USDA loans
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Report Card
Premium Mortgage Corporation performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Highly Competitive +26.1 bps above market avg | |
Pull Through Closing strength | Market Leader Top 20% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Market Leader Top 20% of lenders | |
FHA | Market Leader Top 20% of lenders | |
VA | Highly Competitive Top 40% of lenders | |
USDA | Market Leader Top 20% of lenders | |
By Loan Purpose· Transaction purpose mix | ||
Purchase | Market Leader Top 20% of lenders | |
Refinance | Highly Competitive Top 40% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Highly Competitive Top 40% of lenders Multi-Regional12 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 3,732 | 82.0% | +0.245%Above | $1,375Fees | ||||
FHA Loans | 586 | 12.9% | +0.485%Above | $717Fees | ||||
VA Loans | 197 | 4.3% | -0.168%Below | $392Fees | ||||
USDA Loans | — | 35 | 0.8% | +0.266%Above | $529Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 4,447 | 97.7% | +0.262%Above | $1,237Fees | ||||
Refinance | 106 | 2.3% | +0.205%Above | $1,695Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
4,553
Applications
5,094
Volume
$1 billion
Pricing & Closing
Avg Rate Spread
+0.261%
vs. market APOR
Avg Net Fees
$1,249
Origination − Credits
Pullthrough Rate
89.4%
Applications → Closed
Typical Borrower
Avg Loan Amount
$250,133
Avg Borrower Income
$123,106
Avg Property Value
$310,961
Geographic Coverage
Geographic Performance
Metro Areas
11
States Served
10
We count Washington DC as a state
Avg Place Specialization
States with Loan Originations
ALCTFLNJNYOHPASCTNVT
Top Metro Areas by Place Specialization Score
1
Rochester, NY, NYMSA
Volume: 2,271Mix: 49.88%of portfolio
Place
Exceptional2
Buffalo, NYMSA
Volume: 1,327Mix: 29.15%of portfolio
Place
Exceptional3
Utica, NYMSA
Volume: 71Mix: 1.56%of portfolio
Place
Strong4
Albany, NYMSA
Volume: 218Mix: 4.79%of portfolio
Place
Strong5
Binghamton, NY, NYMSA
Volume: 54Mix: 1.19%of portfolio
Place
Strong6
Syracuse, NY, NYMSA
Volume: 71Mix: 1.56%of portfolio
Place
Strong7
North Port, FLMSA
Volume: 20Mix: 0.44%of portfolio
Place
Sound8
Kingston, NY, NYMSA
Volume: 14Mix: 0.31%of portfolio
Place
Sound9
Glens Falls, NY, NYMSA
Volume: 14Mix: 0.31%of portfolio
Place
Sound10
Cape Coral, FLMSA
Volume: 15Mix: 0.33%of portfolio
Place
SoundShowing 10 of 11 metro areas
Top States by Place Specialization Score
1
NYState
Volume: 4,446Mix: 97.65%of portfolio
Place
Exceptional2
FLState
Volume: 78Mix: 1.71%of portfolio
Place
SoundHow 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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The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.
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.