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RESIDENTIAL MORTGAGE NETWORK, INC.
Independent Mortgage Company|IOWA CITY, IA|Single State
Loans Originated
424
Applications
470
Volume
$101 million
Offers loans directly to consumers
Overall Pricing
Strong
Overall Pull Through
Exceptional
Safe Rate Awards💎USDA Champion⭐Conventional Superstar⭐FHA Superstar⭐VA Superstar⭐Purchase Superstar
Pricing and Pullthrough Overview
Average Rate Spread
-0.017%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,199
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
90.2%
Percentage of applications that result in closed loans
Safe Rate's 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
Report Card
RESIDENTIAL MORTGAGE NETWORK, INC. performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Strong | Highly Competitive | |
Pull Through Closing Strength | Exceptional | Market Leader | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Sound | Industry Standard | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Acceptable | Near industry average | |
Places Geographic coverage | Strong | Single State · 3 metro areas · 1 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$238,632
Average Borrower Income
$96,950
Average Property Value
$268,420
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Sound | Strong | Strong | 170 | 40.1% | +0.108% | $1,250 |
FHA Loans | Strong | Strong | Strong | Exceptional | 93 | 21.9% | +0.482% | $1,064 |
VA Loans | Strong | Strong | Strong | Exceptional | 107 | 25.2% | -0.435% | $1,202 |
USDA Loans | Exceptional | Exceptional | Exceptional | Exceptional | 54 | 12.7% | +0.149% | $1,168 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Strong | Exceptional | 409 | 96.5% | +0.021% | $1,215 |
Refinance | Sound | Acceptable | Strong | N/A | 15 | 3.5% | -0.349% | $1,068 |
Geographic Coverage
Metro Areas
2
States Served
1
We count Washington DC as a state
Avg Place Specialization
Exceptional
States with Loan Originations
IA
Top Metro Areas by Place Specialization Score
1
Iowa City, IA, IAMSA
Volume: 177Mix: 41.75%
Place Specialization
Exceptional
2
Cedar Rapids, IA, IAMSA
Volume: 139Mix: 32.78%
Place Specialization
Exceptional
Top States by Place Specialization Score
1
IAState
Volume: 424Mix: 100.00%
Place Specialization
Exceptional
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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