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Residential Mortgage Network, Inc.

Independent Mortgage CompanyIOWA CITY, IADirect to Consumer

We analyzed every closed loan from Residential Mortgage Network 424 loans across 470 applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.

Pricing
Strong
vs. all lenders
Pull Through
Exceptional
closing strength
Products
Exceptional
FHA · Conventional · VA · USDA
Place
Exceptional
Single State · 2 mkts
Safe Rate Awards💎USDA ChampionConventional SuperstarFHA SuperstarVA SuperstarPurchase Superstar

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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

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Report Card

Residential Mortgage Network, Inc. performance at a glance

CategoryScorevs. Peers
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
Highly Competitive
Rates 1.7 bps below market avg
Pull Through
Closing strength
Exceptional
Market Leader
Top 20% of lenders
By Loan Product· Specialization by type
Conventional
Sound
Industry Standard
Top 60% of lenders
FHA
Strong
Highly Competitive
Top 40% of lenders
VA
Strong
Highly Competitive
Top 40% of lenders
USDA
Exceptional
Market Leader
Top 20% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Highly Competitive
Top 40% of lenders
Refinance
Acceptable
Near industry average
Bottom 40% of lenders
By Location· Geographic coverage
Geographic Reach
Coverage footprint
Strong
Highly Competitive
Top 40% of lenders
Single State3 markets

Loan Product Performance

Performance by Loan Product

Loan TypeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Conventional
Strong
Sound
Strong
Strong
17040.1%
+0.108%Above
$1,250Fees
FHA Loans
Strong
Strong
Strong
Exceptional
9321.9%
+0.482%Above
$1,064Fees
VA Loans
Strong
Strong
Strong
Exceptional
10725.2%
-0.435%Below
$1,202Fees
USDA Loans
Exceptional
Exceptional
Exceptional
Exceptional
5412.7%
+0.149%Above
$1,168Fees

Loan Purpose Performance

Performance by Loan Purpose

PurposeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Purchase
Strong
Strong
Strong
Exceptional
40996.5%
+0.021%Above
$1,215Fees
Refinance
Sound
Acceptable
Strong
153.5%
-0.349%Below
$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
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%of portfolio
Place
Exceptional
2
Cedar Rapids, IA, IAMSA
Volume: 139Mix: 32.78%of portfolio
Place
Exceptional

Top States by Place Specialization Score

1
IAState
Volume: 424Mix: 100.00%of portfolio
Place
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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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.