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RESIDENTIAL ACCEPTANCE CORPORATION
Independent Mortgage Company|Tampa, FL|Multi-Region
Loans Originated
561
Applications
603
Volume
$169 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Acceptable
Overall Pull Through
Strong
Safe Rate Awards⭐FHA Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.112%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$5,576
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
93.0%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in FHA and USDA loans
Things to Think About
- Pricing may be below industry average
- Higher than average fees ($5,576)
Report Card
RESIDENTIAL ACCEPTANCE CORPORATION performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
FHA | Strong | Highly Competitive | |
VA | Sound | Industry Standard | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Acceptable | Near industry average | |
Places Geographic coverage | Sound | Multi-Regional · 8 metro areas · 16 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$302,237
Average Borrower Income
$95,155
Average Property Value
$317,335
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
FHA Loans | Strong | Strong | Sound | Exceptional | 493 | 87.9% | +0.109% | $5,715 |
VA Loans | Sound | Sound | N/A | Sound | 23 | 4.1% | +0.078% | $5,259 |
USDA Loans | Exceptional | Exceptional | N/A | Exceptional | 43 | 7.7% | +0.338% | $3,642 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Acceptable | Exceptional | 546 | 97.3% | +0.112% | $5,614 |
Refinance | Acceptable | Acceptable | N/A | N/A | 15 | 2.7% | +0.110% | $4,732 |
Geographic Coverage
Metro Areas
7
States Served
16
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
ALARCOFLGAILLAMDMIMSNCOHPASCTNTX
Top Metro Areas by Place Specialization Score
1
Tampa, FL, FLMSA
Volume: 197Mix: 35.12%
Place Specialization
Strong
2
Baton Rouge, LA, LAMSA
Volume: 110Mix: 19.61%
Place Specialization
Strong
3
Lakeland, FLMSA
Volume: 24Mix: 4.28%
Place Specialization
Sound
4
Atlanta, GAMSA
Volume: 36Mix: 6.42%
Place Specialization
Sound
5
Goldsboro, NC, NCMSA
Volume: 10Mix: 1.78%
Place Specialization
Sound
6
Detroit, MIMSA
Volume: 11Mix: 1.96%
Place Specialization
Sound
7
Orlando, FLMSA
Volume: 13Mix: 2.32%
Place Specialization
Sound
Top States by Place Specialization Score
1
LAState
Volume: 141Mix: 25.13%
Place Specialization
Strong
2
FLState
Volume: 270Mix: 48.13%
Place Specialization
Strong
3
GAState
Volume: 45Mix: 8.02%
Place Specialization
Sound
4
MSState
Volume: 15Mix: 2.67%
Place Specialization
Sound
5
NCState
Volume: 22Mix: 3.92%
Place Specialization
Sound
6
ALState
Volume: 16Mix: 2.85%
Place Specialization
Sound
7
ARState
Volume: 13Mix: 2.32%
Place Specialization
Sound
8
MIState
Volume: 11Mix: 1.96%
Place Specialization
Acceptable
9
TXState
Volume: 10Mix: 1.78%
Place Specialization
Acceptable
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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