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RAPID MORTGAGE COMPANY
Independent Mortgage Company|CINCINNATI, OH|Multi-Region
Loans Originated
831
Applications
1,176
Volume
$211 million
Offers loans directly to consumers
Overall Pricing
Mediocre
Overall Pull Through
Sound
Pricing and Pullthrough Overview
Average Rate Spread
+0.697%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,836
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
70.7%
Percentage of applications that result in closed loans
Safe Rate's 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
Report Card
RAPID MORTGAGE COMPANY performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Mediocre | Below peers | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Sound | Industry Standard | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
USDA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Sound | Multi-Regional · 9 metro areas · 10 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$255,000
Average Borrower Income
$102,805
Average Property Value
$303,123
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Acceptable | Sound | Mediocre | Sound | 522 | 62.8% | +0.630% | $3,667 |
FHA Loans | Sound | Strong | Mediocre | Strong | 232 | 27.9% | +1.137% | $4,715 |
VA Loans | Sound | Strong | Mediocre | Strong | 62 | 7.5% | +0.130% | $3,031 |
USDA Loans | Strong | Strong | N/A | N/A | 15 | 1.8% | +0.476% | $3,576 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Acceptable | Strong | Mediocre | Sound | 785 | 94.5% | +0.697% | $3,898 |
Refinance | Acceptable | Sound | Acceptable | Acceptable | 46 | 5.5% | +0.694% | $2,909 |
Geographic Coverage
Metro Areas
8
States Served
10
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
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Top Metro Areas by Place Specialization Score
1
Cincinnati, OHMSA
Volume: 233Mix: 28.04%
Place Specialization
Exceptional
2
Columbus, OH, OHMSA
Volume: 231Mix: 27.80%
Place Specialization
Exceptional
3
Youngstown, OHMSA
Volume: 33Mix: 3.97%
Place Specialization
Sound
4
Lake County, INMSA
Volume: 27Mix: 3.25%
Place Specialization
Sound
5
Charlotte, NC-SCMSA
Volume: 42Mix: 5.05%
Place Specialization
Sound
6
Dayton, OHMSA
Volume: 31Mix: 3.73%
Place Specialization
Sound
7
Greenville, SCMSA
Volume: 16Mix: 1.93%
Place Specialization
Sound
8
Montgomery County, PAMSA
Volume: 12Mix: 1.44%
Place Specialization
Sound
Top States by Place Specialization Score
1
OHState
Volume: 625Mix: 75.21%
Place Specialization
Exceptional
2
NCState
Volume: 72Mix: 8.66%
Place Specialization
Sound
3
SCState
Volume: 37Mix: 4.45%
Place Specialization
Sound
4
KYState
Volume: 25Mix: 3.01%
Place Specialization
Sound
5
INState
Volume: 30Mix: 3.61%
Place Specialization
Sound
6
PAState
Volume: 25Mix: 3.01%
Place Specialization
Sound
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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