Rapid Mortgage Company
We analyzed every closed loan from Rapid Mortgage Company — 831 loans across 1k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Mediocre
1/5
vs. all lenders
Pull-through
Sound
3/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · USDA
Place
Strong
4/5
Multi-Region · 8 mkts
Summary
What They Do Well
- Particularly strong in FHA and VA and USDA loans
Things to Think About
- Rates typically 70 basis points above market average
Explore another lender or local market
Report Card
Rapid Mortgage Company performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Mediocre
+69.7 bps above market avg
Pull Through
Closing strength
Sound
Top 60% of lenders
By Loan Product· Specialization by type
Conventional
Sound
Top 60% of lenders
FHA
Strong
Top 40% of lenders
VA
Strong
Top 40% of lenders
USDA
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Sound
Top 60% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 9 markets
Sound
Top 60% of lenders
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 522 | 62.8% | +0.630%Above | $3,667Fees | ||||
FHA Loans | 232 | 27.9% | +1.137%Above | $4,715Fees | ||||
VA Loans | 62 | 7.5% | +0.130%Above | $3,031Fees | ||||
USDA Loans | — | — | 15 | 1.8% | +0.476%Above | $3,576Fees |
Conventional
OverallAcceptable
ProductSound
PricingMediocre
Pull ThroughSound
Volume522
Mix62.8%
Spread
+0.630%Above
Fees
$3,667Fees
FHA Loans
OverallSound
ProductStrong
PricingMediocre
Pull ThroughStrong
Volume232
Mix27.9%
Spread
+1.137%Above
Fees
$4,715Fees
VA Loans
OverallSound
ProductStrong
PricingMediocre
Pull ThroughStrong
Volume62
Mix7.5%
Spread
+0.130%Above
Fees
$3,031Fees
USDA Loans
OverallStrong
ProductStrong
Pricing—
Pull Through—
Volume15
Mix1.8%
Spread
+0.476%Above
Fees
$3,576Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 785 | 94.5% | +0.697%Above | $3,898Fees | ||||
Refinance | 46 | 5.5% | +0.694%Above | $2,909Fees |
Purchase
OverallSound
ProductStrong
PricingMediocre
Pull ThroughSound
Volume785
Mix94.5%
Spread
+0.697%Above
Fees
$3,898Fees
Refinance
OverallAcceptable
ProductSound
PricingAcceptable
Pull ThroughAcceptable
Volume46
Mix5.5%
Spread
+0.694%Above
Fees
$2,909Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
831
Applications
1,176
Volume
$211 million
Pricing & Closing
Avg Rate Spread
+0.697%
vs. market APOR
Avg Net Fees
$3,836
Origination − Credits
Pullthrough Rate
70.7%
Applications → Closed
Typical Borrower
Avg Loan Amount
$255,000
Avg Borrower Income
$102,805
Avg Property Value
$303,123
Geographic Coverage
Geographic Performance
Metro Areas
8
markets with activity
States Served
10
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
10Northeast1
PA
Midwest3
ILINOH
South6
DEFLGAKYNCSC
Top Metro Areas by Place Specialization Score
Volume 233Mix 28.04% of portfolio
83/100
Exceptional
Volume 231Mix 27.80% of portfolio
81/100
Exceptional
Volume 33Mix 3.97% of portfolio
59/100
Sound
Volume 27Mix 3.25% of portfolio
57/100
Sound
Volume 42Mix 5.05% of portfolio
57/100
Sound
Volume 31Mix 3.73% of portfolio
55/100
Sound
Volume 16Mix 1.93% of portfolio
47/100
Sound
Volume 12Mix 1.44% of portfolio
42/100
SoundTop States by Place Specialization Score
1
OhioState
Volume 625Mix 75.21% of portfolio
82/100
Exceptional2
North CarolinaState
Volume 72Mix 8.66% of portfolio
57/100
Sound3
South CarolinaState
Volume 37Mix 4.45% of portfolio
53/100
Sound4
KentuckyState
Volume 25Mix 3.01% of portfolio
49/100
Sound5
IndianaState
Volume 30Mix 3.61% of portfolio
49/100
Sound6
PennsylvaniaState
Volume 25Mix 3.01% of portfolio
46/100
SoundHow We Rank Lenders
Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.
Our Point System (Max 30 Points)
10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
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 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
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.