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Redwood Residential Acquisition Corporation

Independent Mortgage Company•Wilmington, DEHQ•Wholesale•Reviews near you on Google

Redwood Residential Acquisition Corporation has 109 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Acceptable
2/5
vs. all lenders
Pull-through
Acceptable
2/5
closing strength
Product
Strong
4/5
Jumbo
Place
Sound
3/5
Near-National · 1 mkts
Safe Rate Awards
Jumbo Superstar
Jumbo
Superstar

Safe Rate Summary

What They Do Well

  • Nationwide availability with consistent service

Things to Think About

  • Pricing may be below industry average
  • Pull through efficiency is below industry average

Explore another lender or local market

Report Card

Redwood Residential Acquisition Corporation performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+31.1 bps above market avg
Pull Through
Closing strength
Acceptable
Bottom 40% of lenders
By Loan Product· Specialization by type
Jumbo
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Acceptable
Bottom 40% of lenders
Refinance
Acceptable
Bottom 40% of lenders
By Location· Geographic coverage
Geographic Reach
Near-National · 1 markets
Sound
Top 60% of lenders

Loan Product Performance

Performance by Loan Product

Jumbo Loans
Overall
Strong
Product
Strong
Pricing
Sound
Pull Through
Strong
Volume101
Mix92.7%
Spread
+0.323%Above
Fees
$2,237Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Acceptable
Product
Acceptable
Pricing
Acceptable
Pull Through
Acceptable
Volume90
Mix82.6%
Spread
+0.325%Above
Fees
$2,263Fees
Refinance
Overall
Acceptable
Product
Acceptable
Pricing—
Pull Through
Acceptable
Volume19
Mix17.4%
Spread
+0.258%Above
Fees
$2,806Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
109
Applications
162
Volume
$138 million
Pricing & Closing
Avg Rate Spread
+0.311%
vs. market APOR
Avg Net Fees
$2,373
Origination − Credits
Pullthrough Rate
67.3%
Applications → Closed
Typical Borrower
Avg Loan Amount
$1,272,615
Avg Borrower Income
$540,991
Avg Property Value
$2,025,367

Geographic Coverage

Geographic Performance

Metro Areas
1
markets with activity
States Served
26
of 50 states + DC
Avg Place Specialization
Sound
3/5

States with Loan Originations

26
26 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Northeast4
MEMANHNJ
Midwest4
MIMNOHWI
South9
ARFLGAMDNCSCTNTXVA
West9
AKAZCACOIDMTORUTWA

Top Metro Areas by Place Specialization Score

1© w_lemay · CC BY-SA 2.0
Minneapolis, MN-WIMetro
Volume 10Mix 9.17% of portfolio
44/100
Sound

Top States by Place Specialization Score

Washington
Washington
1
WashingtonState
Volume 12Mix 11.01% of portfolio
45/100
Sound
Minnesota
Minnesota
2
MinnesotaState
Volume 10Mix 9.17% of portfolio
43/100
Sound
California
California
3
CaliforniaState
Volume 11Mix 10.09% of portfolio
41/100
Sound
Texas
Texas
4
TexasState
Volume 13Mix 11.93% of portfolio
41/100
Sound

How 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.