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PROVIDENT FUNDING ASSOCIATES, L.P.
Independent Mortgage Company|Sacramento, CA|Near-National
Loans Originated
12,582
Applications
20,368
Volume
$5 billion
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Exceptional
Overall Pull Through
Sound
Safe Rate Awards⭐Conventional Superstar⭐Purchase Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
-0.101%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,206
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
61.8%
Percentage of applications that result in closed loans
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
Report Card
PROVIDENT FUNDING ASSOCIATES, L.P. performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Exceptional | Market Leader | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Strong | Near-National · 50 metro areas · 30 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$421,184
Average Borrower Income
$160,669
Average Property Value
$583,041
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Exceptional | Exceptional | Sound | 12,577 | 100.0% | -0.101% | $1,206 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Exceptional | Exceptional | Sound | 10,686 | 84.9% | -0.086% | $1,438 |
Refinance | Strong | Strong | Exceptional | Sound | 1,896 | 15.1% | -0.189% | -$97 |
Geographic Coverage
Metro Areas
49
States Served
30
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
AZCACOCTFLGAIDILINKSKYMAMDMIMNMONCNJNVOHOKORPASCTNTXUTVAWAWI
Top Metro Areas by Place Specialization Score
1
Dallas, TXMSA
Volume: 1,233Mix: 9.80%
Place Specialization
Exceptional
2
Montgomery County, PAMSA
Volume: 282Mix: 2.24%
Place Specialization
Exceptional
3
Houston, TXMSA
Volume: 788Mix: 6.26%
Place Specialization
Exceptional
4
Pittsburgh, PA, PAMSA
Volume: 279Mix: 2.22%
Place Specialization
Strong
5
Ogden, UT, UTMSA
Volume: 200Mix: 1.59%
Place Specialization
Strong
6
Atlanta, GAMSA
Volume: 494Mix: 3.93%
Place Specialization
Strong
7
Austin, TXMSA
Volume: 287Mix: 2.28%
Place Specialization
Strong
8
Fort Worth, TXMSA
Volume: 262Mix: 2.08%
Place Specialization
Strong
9
Portland, OR-WAMSA
Volume: 333Mix: 2.65%
Place Specialization
Strong
10
Philadelphia, PA, PAMSA
Volume: 171Mix: 1.36%
Place Specialization
Strong
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
TXState
Volume: 2,761Mix: 21.94%
Place Specialization
Exceptional
2
PAState
Volume: 854Mix: 6.79%
Place Specialization
Exceptional
3
UTState
Volume: 544Mix: 4.32%
Place Specialization
Strong
4
NJState
Volume: 501Mix: 3.98%
Place Specialization
Strong
5
GAState
Volume: 719Mix: 5.71%
Place Specialization
Strong
6
WAState
Volume: 472Mix: 3.75%
Place Specialization
Strong
7
ORState
Volume: 375Mix: 2.98%
Place Specialization
Strong
8
AZState
Volume: 527Mix: 4.19%
Place Specialization
Strong
9
FLState
Volume: 1,003Mix: 7.97%
Place Specialization
Strong
10
CAState
Volume: 1,006Mix: 8.00%
Place Specialization
Strong
Showing 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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