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Residential Mortgage Network

Independent Mortgage Company•Iowa City, IAHQ•Direct•Reviews near you on Google

We analyzed every closed loan from Residential Mortgage Network — 424 loans across 470 applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Strong
4/5
vs. all lenders
Pull-through
Exceptional
5/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · USDA
Place
Exceptional
5/5
Single State · 2 mkts
Safe Rate Awards
USDA Champion
USDA
Champion
Conventional Superstar
Conventional
Superstar
FHA Superstar
FHA
Superstar
VA Superstar
VA
Superstar
Purchase Superstar
Purchase
Superstar

Safe Rate Summary

What They Do Well

  • Offers rates 1.70 basis points below market average
  • Lower than average lender fees
  • Strong pull through performance
  • Particularly strong in FHA and VA and USDA loans

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Report Card

Residential Mortgage Network performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
Rates 1.7 bps below market avg
Pull Through
Closing strength
Exceptional
Top 20% 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
Exceptional
Top 20% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Acceptable
Bottom 40% of lenders
By Location· Geographic coverage
Geographic Reach
Single State · 3 markets
Strong
Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Strong
Product
Sound
Pricing
Strong
Pull Through
Strong
Volume170
Mix40.1%
Spread
+0.108%Above
Fees
$1,250Fees
FHA Loans
Overall
Strong
Product
Strong
Pricing
Strong
Pull Through
Exceptional
Volume93
Mix21.9%
Spread
+0.482%Above
Fees
$1,064Fees
VA Loans
Overall
Strong
Product
Strong
Pricing
Strong
Pull Through
Exceptional
Volume107
Mix25.2%
Spread
-0.435%Below
Fees
$1,202Fees
USDA Loans
Overall
Exceptional
Product
Exceptional
Pricing
Exceptional
Pull Through
Exceptional
Volume54
Mix12.7%
Spread
+0.149%Above
Fees
$1,168Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Strong
Product
Strong
Pricing
Strong
Pull Through
Exceptional
Volume409
Mix96.5%
Spread
+0.021%Above
Fees
$1,215Fees
Refinance
Overall
Sound
Product
Acceptable
Pricing
Strong
Pull Through—
Volume15
Mix3.5%
Spread
-0.349%Below
Fees
$1,068Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
424
Applications
470
Volume
$101 million
Pricing & Closing
Avg Rate Spread
-0.017%
vs. market APOR
Avg Net Fees
$1,199
Origination − Credits
Pullthrough Rate
90.2%
Applications → Closed
Typical Borrower
Avg Loan Amount
$238,632
Avg Borrower Income
$96,950
Avg Property Value
$268,420

Geographic Coverage

Geographic Performance

Metro Areas
2
markets with activity
States Served
1
of 50 states + DC
Avg Place Specialization
Exceptional
5/5

States with Loan Originations

1
1 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Midwest1
IA

Top Metro Areas by Place Specialization Score

1© w_lemay · CC BY-SA 2.0
Iowa City, IAMetro
Volume 177Mix 41.75% of portfolio
85/100
Exceptional
2© ABreiholz · CC BY-SA 3.0
Cedar Rapids, IAMetro
Volume 139Mix 32.78% of portfolio
80/100
Exceptional

Top States by Place Specialization Score

Iowa
Iowa
1
IowaState
Volume 424Mix 100.00% of portfolio
82/100
Exceptional

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.