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We analyzed every closed loan from Residential Mortgage — 1.6k loans across 2k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Sound
vs. all lenders
Pull Through
Exceptional
closing strength
Products
Exceptional
FHA · Conventional · VA · Jumbo · USDA
Place
Strong
Multi-Region · 6 mkts
Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐VA Superstar⭐Jumbo Superstar⭐Purchase Superstar⭐Refinance Superstar
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Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
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Report Card
Residential Mortgage, LLC performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Industry Standard +7.5 bps above market avg | |
Pull Through Closing strength | Market Leader Top 20% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Market Leader Top 20% of lenders | |
FHA | Highly Competitive Top 40% of lenders | |
VA | Market Leader Top 20% of lenders | |
Jumbo | Highly Competitive Top 40% of lenders | |
USDA | Highly Competitive Top 40% of lenders | |
By Loan Purpose· Transaction purpose mix | ||
Purchase | Market Leader Top 20% of lenders | |
Refinance | Highly Competitive Top 40% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Highly Competitive Top 40% of lenders Multi-Regional7 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 1,107 | 67.8% | +0.118%Above | $3,253Fees | ||||
FHA Loans | 228 | 14.0% | +0.266%Above | $3,086Fees | ||||
VA Loans | 235 | 14.4% | -0.440%Below | $3,307Fees | ||||
Jumbo Loans | 50 | 3.1% | -0.097%Below | $1,701Fees | ||||
USDA Loans | — | — | 12 | 0.7% | +0.064%Above | $1,184Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 1,527 | 93.6% | +0.085%Above | $3,150Fees | ||||
Refinance | 105 | 6.4% | -0.006%Below | $3,215Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,632
Applications
2,151
Volume
$670 million
Pricing & Closing
Avg Rate Spread
+0.075%
vs. market APOR
Avg Net Fees
$3,158
Origination − Credits
Pullthrough Rate
75.9%
Applications → Closed
Typical Borrower
Avg Loan Amount
$410,858
Avg Borrower Income
$168,360
Avg Property Value
$497,028
Geographic Coverage
Geographic Performance
Metro Areas
6
States Served
13
We count Washington DC as a state
Avg Place Specialization
States with Loan Originations
AKAZCACOFLGAIDMTNVORTXUTWA
Top Metro Areas by Place Specialization Score
1
Anchorage, AK, AKMSA
Volume: 1,032Mix: 63.24%of portfolio
Place
Exceptional2
Fairbanks, AKMSA
Volume: 79Mix: 4.84%of portfolio
Place
Exceptional3
Phoenix, AZMSA
Volume: 113Mix: 6.92%of portfolio
Place
Strong4
Portland, OR-WAMSA
Volume: 62Mix: 3.80%of portfolio
Place
Strong5
Boise City, ID, IDMSA
Volume: 21Mix: 1.29%of portfolio
Place
Sound6
Tacoma, WAMSA
Volume: 10Mix: 0.61%of portfolio
Place
SoundTop States by Place Specialization Score
1
AKState
Volume: 1,318Mix: 80.76%of portfolio
Place
Exceptional2
AZState
Volume: 127Mix: 7.78%of portfolio
Place
Strong3
WAState
Volume: 80Mix: 4.90%of portfolio
Place
Strong4
ORState
Volume: 44Mix: 2.70%of portfolio
Place
Sound5
IDState
Volume: 27Mix: 1.65%of portfolio
Place
Sound6
COState
Volume: 16Mix: 0.98%of portfolio
Place
SoundHow 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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The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.
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.