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Provident Funding Associates, L.p.
Independent Mortgage Company•Sacramento, CA•Direct to Consumer
Provident Funding Associates LP's 12.6k closed loans and 20k applications, benchmarked against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Exceptional
vs. all lenders
Pull Through
Sound
closing strength
Products
Exceptional
Conventional
Place
Strong
Near-National · 49 mkts
Safe Rate Awards⭐Conventional Superstar⭐Purchase Superstar⭐Refinance Superstar
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Safe Rate's Summary
What They Do Well
- Offers rates 10.10 basis points below market average
- Lower than average lender fees
- High volume lender with significant market experience
- Nationwide availability with consistent service
Explore another lender or local market
Report Card
Provident Funding Associates, L.p. performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Market Leader Rates 10.1 bps below market avg | |
Pull Through Closing strength | Industry Standard Top 60% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | 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 Near-National50 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 12,577 | 100.0% | -0.101%Below | $1,206Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 10,686 | 84.9% | -0.086%Below | $1,438Fees | ||||
Refinance | 1,896 | 15.1% | -0.189%Below | $97Credit |
At a Glance
Lender Overview
Lending Activity
Loans Originated
12,582
Applications
20,368
Volume
$5 billion
Pricing & Closing
Avg Rate Spread
-0.101%
vs. market APOR
Avg Net Fees
$1,206
Origination − Credits
Pullthrough Rate
61.8%
Applications → Closed
Typical Borrower
Avg Loan Amount
$421,184
Avg Borrower Income
$160,669
Avg Property Value
$583,041
Geographic Coverage
Geographic Performance
Metro Areas
49
States Served
30
We count Washington DC as a state
Avg Place Specialization
States with Loan Originations
AZCACOCTFLGAIDILINKSKYMAMDMIMNMONCNJNVOHOKORPASCTNTXUTVAWAWI
Top Metro Areas by Place Specialization Score
1
Dallas, TXMSA
Volume: 1,233Mix: 9.80%of portfolio
Place
Exceptional2
Montgomery County, PAMSA
Volume: 282Mix: 2.24%of portfolio
Place
Exceptional3
Houston, TXMSA
Volume: 788Mix: 6.26%of portfolio
Place
Exceptional4
Pittsburgh, PA, PAMSA
Volume: 279Mix: 2.22%of portfolio
Place
Strong5
Ogden, UT, UTMSA
Volume: 200Mix: 1.59%of portfolio
Place
Strong6
Atlanta, GAMSA
Volume: 494Mix: 3.93%of portfolio
Place
Strong7
Austin, TXMSA
Volume: 287Mix: 2.28%of portfolio
Place
Strong8
Fort Worth, TXMSA
Volume: 262Mix: 2.08%of portfolio
Place
Strong9
Portland, OR-WAMSA
Volume: 333Mix: 2.65%of portfolio
Place
Strong10
Philadelphia, PA, PAMSA
Volume: 171Mix: 1.36%of portfolio
Place
StrongShowing 10 of 49 metro areas
Top States by Place Specialization Score
1
TXState
Volume: 2,761Mix: 21.94%of portfolio
Place
Exceptional2
PAState
Volume: 854Mix: 6.79%of portfolio
Place
Exceptional3
UTState
Volume: 544Mix: 4.32%of portfolio
Place
Strong4
NJState
Volume: 501Mix: 3.98%of portfolio
Place
Strong5
GAState
Volume: 719Mix: 5.71%of portfolio
Place
Strong6
WAState
Volume: 472Mix: 3.75%of portfolio
Place
Strong7
ORState
Volume: 375Mix: 2.98%of portfolio
Place
Strong8
AZState
Volume: 527Mix: 4.19%of portfolio
Place
Strong9
FLState
Volume: 1,003Mix: 7.97%of portfolio
Place
Strong10
CAState
Volume: 1,006Mix: 8.00%of portfolio
Place
StrongShowing 10 of 30 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.