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PRIMARY RESIDENTIAL MORTGAGE, INC.
Independent Mortgage Company|Carson City, NV|National
Loans Originated
8,466
Applications
12,032
Volume
$2 billion
Offers loans directly to consumers
Overall Pricing
Mediocre
Overall Pull Through
Strong
Pricing and Pullthrough Overview
Average Rate Spread
+0.531%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$4,134
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
70.4%
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 Jumbo and USDA loans
- Nationwide availability with consistent service
Things to Think About
- Rates typically 53 basis points above market average
- Higher than average fees ($4,134)
Report Card
PRIMARY RESIDENTIAL MORTGAGE, INC. 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 | Exceptional | Market Leader | |
FHA | Exceptional | Market Leader | |
VA | Exceptional | Market Leader | |
Jumbo | 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 | National · 50 metro areas · 50 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$334,419
Average Borrower Income
$120,646
Average Property Value
$408,402
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Exceptional | Acceptable | Strong | 4,849 | 57.3% | +0.405% | $4,012 |
FHA Loans | Sound | Exceptional | Mediocre | Strong | 2,737 | 32.3% | +0.971% | $4,525 |
VA Loans | Sound | Exceptional | Mediocre | Strong | 675 | 8.0% | -0.004% | $4,027 |
Jumbo Loans | Acceptable | Strong | Mediocre | Sound | 61 | 0.7% | +0.432% | $4,474 |
USDA Loans | Sound | Exceptional | Mediocre | Strong | 144 | 1.7% | +0.771% | $2,983 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Exceptional | Mediocre | Strong | 7,661 | 90.5% | +0.536% | $4,129 |
Refinance | Acceptable | Strong | Mediocre | Sound | 805 | 9.5% | +0.490% | $4,178 |
Geographic Coverage
Metro Areas
49
States Served
50
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVOHOKORPARISCSDTNTXUTVAVTWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Albuquerque, NM, NMMSA
Volume: 627Mix: 7.41%
Place Specialization
Exceptional
2
Baltimore, MDMSA
Volume: 1,038Mix: 12.26%
Place Specialization
Exceptional
3
Providence, RI-MAMSA
Volume: 456Mix: 5.39%
Place Specialization
Exceptional
4
Greeley, CO, COMSA
Volume: 167Mix: 1.97%
Place Specialization
Exceptional
5
Dover, DE, DEMSA
Volume: 65Mix: 0.77%
Place Specialization
Strong
6
Fargo, ND, ND-MNMSA
Volume: 94Mix: 1.11%
Place Specialization
Strong
7
Nashville, TNMSA
Volume: 193Mix: 2.28%
Place Specialization
Strong
8
Grand Junction, CO, COMSA
Volume: 58Mix: 0.69%
Place Specialization
Strong
9
New Haven, CT, CTMSA
Volume: 76Mix: 0.90%
Place Specialization
Strong
10
Ogden, UT, UTMSA
Volume: 103Mix: 1.22%
Place Specialization
Strong
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
NMState
Volume: 876Mix: 10.35%
Place Specialization
Exceptional
2
RIState
Volume: 423Mix: 5.00%
Place Specialization
Exceptional
3
MDState
Volume: 1,253Mix: 14.80%
Place Specialization
Exceptional
4
COState
Volume: 558Mix: 6.59%
Place Specialization
Strong
5
KSState
Volume: 199Mix: 2.35%
Place Specialization
Strong
6
UTState
Volume: 265Mix: 3.13%
Place Specialization
Strong
7
DEState
Volume: 145Mix: 1.71%
Place Specialization
Strong
8
WIState
Volume: 259Mix: 3.06%
Place Specialization
Strong
9
CTState
Volume: 208Mix: 2.46%
Place Specialization
Strong
10
FLState
Volume: 587Mix: 6.93%
Place Specialization
Strong
Showing 10 of 44 states
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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