Looking for a different lender?
P
PREMIUM MORTGAGE CORPORATION
Independent Mortgage Company|ROCHESTER, NY|Multi-Region
Loans Originated
4,553
Applications
5,094
Volume
$1 billion
Offers loans directly to consumers
Overall Pricing
Strong
Overall Pull Through
Exceptional
Safe Rate Awards💎Conventional Champion💎FHA Champion💎Purchase Champion⭐VA Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.261%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,249
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
89.4%
Percentage of applications that result in closed loans
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
Report Card
PREMIUM MORTGAGE CORPORATION performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Strong | Highly Competitive | |
Pull Through Closing Strength | Exceptional | Market Leader | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
FHA | Exceptional | Market Leader | |
VA | Strong | Highly Competitive | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Strong | Multi-Regional · 12 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
$250,133
Average Borrower Income
$123,106
Average Property Value
$310,961
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Exceptional | Exceptional | Strong | Exceptional | 3,732 | 82.0% | +0.245% | $1,375 |
FHA Loans | Exceptional | Exceptional | Strong | Exceptional | 586 | 12.9% | +0.485% | $717 |
VA Loans | Strong | Strong | Strong | Exceptional | 197 | 4.3% | -0.168% | $392 |
USDA Loans | Exceptional | Exceptional | N/A | Exceptional | 35 | 0.8% | +0.266% | $529 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Exceptional | Exceptional | Strong | Exceptional | 4,447 | 97.7% | +0.262% | $1,237 |
Refinance | Strong | Strong | Strong | Strong | 106 | 2.3% | +0.205% | $1,695 |
Geographic Coverage
Metro Areas
11
States Served
10
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
ALCTFLNJNYOHPASCTNVT
Top Metro Areas by Place Specialization Score
1
Rochester, NY, NYMSA
Volume: 2,271Mix: 49.88%
Place Specialization
Exceptional
2
Buffalo, NYMSA
Volume: 1,327Mix: 29.15%
Place Specialization
Exceptional
3
Utica, NYMSA
Volume: 71Mix: 1.56%
Place Specialization
Strong
4
Albany, NYMSA
Volume: 218Mix: 4.79%
Place Specialization
Strong
5
Binghamton, NY, NYMSA
Volume: 54Mix: 1.19%
Place Specialization
Strong
6
Syracuse, NY, NYMSA
Volume: 71Mix: 1.56%
Place Specialization
Strong
7
North Port, FLMSA
Volume: 20Mix: 0.44%
Place Specialization
Sound
8
Kingston, NY, NYMSA
Volume: 14Mix: 0.31%
Place Specialization
Sound
9
Glens Falls, NY, NYMSA
Volume: 14Mix: 0.31%
Place Specialization
Sound
10
Cape Coral, FLMSA
Volume: 15Mix: 0.33%
Place Specialization
Sound
Showing 10 of 11 metro areas
Top States by Place Specialization Score
1
NYState
Volume: 4,446Mix: 97.65%
Place Specialization
Exceptional
2
FLState
Volume: 78Mix: 1.71%
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.
Ready to Get Started?
Compare PREMIUM MORTGAGE CORPORATION with other lenders or get personalized recommendations.