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Primary Residential Mortgage, Inc.
Independent Mortgage Company•Carson City, NV•Direct to Consumer
We analyzed every closed loan from Primary Residential Mortgage — 8.5k loans across 12k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Mediocre
vs. all lenders
Pull Through
Strong
closing strength
Products
Exceptional
FHA · Conventional · VA · Jumbo · USDA
Place
Strong
National · 49 mkts
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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)
Explore another lender or local market
Report Card
Primary Residential Mortgage, Inc. performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Below peers +53.1 bps above market avg | |
Pull Through Closing strength | Highly Competitive Top 40% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Market Leader Top 20% of lenders | |
FHA | Market Leader Top 20% of lenders | |
VA | Market Leader Top 20% of lenders | |
Jumbo | 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 National50 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 4,849 | 57.3% | +0.405%Above | $4,012Fees | ||||
FHA Loans | 2,737 | 32.3% | +0.971%Above | $4,525Fees | ||||
VA Loans | 675 | 8.0% | -0.004%Below | $4,027Fees | ||||
Jumbo Loans | 61 | 0.7% | +0.432%Above | $4,474Fees | ||||
USDA Loans | 144 | 1.7% | +0.771%Above | $2,983Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 7,661 | 90.5% | +0.536%Above | $4,129Fees | ||||
Refinance | 805 | 9.5% | +0.490%Above | $4,178Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
8,466
Applications
12,032
Volume
$2 billion
Pricing & Closing
Avg Rate Spread
+0.531%
vs. market APOR
Avg Net Fees
$4,134
Origination − Credits
Pullthrough Rate
70.4%
Applications → Closed
Typical Borrower
Avg Loan Amount
$334,419
Avg Borrower Income
$120,646
Avg Property Value
$408,402
Geographic Coverage
Geographic Performance
Metro Areas
49
States Served
50
We count Washington DC as a state
Avg Place Specialization
States with Loan Originations
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVOHOKORPARISCSDTNTXUTVAVTWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Albuquerque, NM, NMMSA
Volume: 627Mix: 7.41%of portfolio
Place
Exceptional2
Baltimore, MDMSA
Volume: 1,038Mix: 12.26%of portfolio
Place
Exceptional3
Providence, RI-MAMSA
Volume: 456Mix: 5.39%of portfolio
Place
Exceptional4
Greeley, CO, COMSA
Volume: 167Mix: 1.97%of portfolio
Place
Exceptional5
Dover, DE, DEMSA
Volume: 65Mix: 0.77%of portfolio
Place
Strong6
Fargo, ND, ND-MNMSA
Volume: 94Mix: 1.11%of portfolio
Place
Strong7
Nashville, TNMSA
Volume: 193Mix: 2.28%of portfolio
Place
Strong8
Grand Junction, CO, COMSA
Volume: 58Mix: 0.69%of portfolio
Place
Strong9
New Haven, CT, CTMSA
Volume: 76Mix: 0.90%of portfolio
Place
Strong10
Ogden, UT, UTMSA
Volume: 103Mix: 1.22%of portfolio
Place
StrongShowing 10 of 49 metro areas
Top States by Place Specialization Score
1
NMState
Volume: 876Mix: 10.35%of portfolio
Place
Exceptional2
RIState
Volume: 423Mix: 5.00%of portfolio
Place
Exceptional3
MDState
Volume: 1,253Mix: 14.80%of portfolio
Place
Exceptional4
COState
Volume: 558Mix: 6.59%of portfolio
Place
Strong5
KSState
Volume: 199Mix: 2.35%of portfolio
Place
Strong6
UTState
Volume: 265Mix: 3.13%of portfolio
Place
Strong7
DEState
Volume: 145Mix: 1.71%of portfolio
Place
Strong8
WIState
Volume: 259Mix: 3.06%of portfolio
Place
Strong9
CTState
Volume: 208Mix: 2.46%of portfolio
Place
Strong10
FLState
Volume: 587Mix: 6.93%of portfolio
Place
StrongShowing 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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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.