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Residential Wholesale Mortgage, Inc.
Independent Mortgage Company•SAN DIEGO, CA•Direct to Consumer
We analyzed every closed loan from Residential Wholesale Mortgage — 914 loans across 1k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Acceptable
vs. all lenders
Pull Through
Strong
closing strength
Products
Strong
FHA · Conventional · VA · Jumbo · USDA
Place
Sound
Multi-Region · 17 mkts
Safe Rate Awards⭐VA 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
Things to Think About
- Pricing may be below industry average
Explore another lender or local market
Report Card
Residential Wholesale Mortgage, Inc. performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Near industry average +28.6 bps above market avg | |
Pull Through Closing strength | Highly Competitive Top 40% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Highly Competitive Top 40% of lenders | |
FHA | Highly Competitive Top 40% of lenders | |
VA | Highly Competitive Top 40% of lenders | |
Jumbo | Highly Competitive Top 40% of lenders | |
USDA | Highly Competitive Top 40% of lenders | |
By Loan Purpose· Transaction purpose mix | ||
Purchase | Highly Competitive Top 40% of lenders | |
Refinance | Industry Standard Top 60% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Industry Standard Top 60% of lenders Multi-Regional18 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 541 | 59.2% | +0.276%Above | $2,988Fees | ||||
FHA Loans | 236 | 25.8% | +0.512%Above | $3,645Fees | ||||
VA Loans | 93 | 10.2% | -0.223%Below | $2,227Fees | ||||
Jumbo Loans | — | 26 | 2.8% | +0.318%Above | $2,280Fees | |||
USDA Loans | — | 18 | 2.0% | +0.346%Above | $1,986Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 807 | 88.3% | +0.304%Above | $3,196Fees | ||||
Refinance | 107 | 11.7% | +0.174%Above | $2,112Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
914
Applications
1,310
Volume
$425 million
Pricing & Closing
Avg Rate Spread
+0.286%
vs. market APOR
Avg Net Fees
$3,047
Origination − Credits
Pullthrough Rate
69.8%
Applications → Closed
Typical Borrower
Avg Loan Amount
$465,503
Avg Borrower Income
$166,925
Avg Property Value
$621,761
Geographic Coverage
Geographic Performance
Metro Areas
17
States Served
22
We count Washington DC as a state
Avg Place Specialization
States with Loan Originations
ALARAZCACOFLGAIDILINKYMIMNNCNVOHORSCTNTXUTWA
Top Metro Areas by Place Specialization Score
1
San Diego, CAMSA
Volume: 161Mix: 17.61%of portfolio
Place
Strong2
Bellingham, WA, WAMSA
Volume: 50Mix: 5.47%of portfolio
Place
Strong3
Visalia, CA, CAMSA
Volume: 52Mix: 5.69%of portfolio
Place
Strong4
Riverside, CAMSA
Volume: 117Mix: 12.80%of portfolio
Place
Strong5
Fresno, CA, CAMSA
Volume: 36Mix: 3.94%of portfolio
Place
Sound6
Lake Havasu City, AZMSA
Volume: 22Mix: 2.41%of portfolio
Place
Sound7
Yuma, AZ, AZMSA
Volume: 22Mix: 2.41%of portfolio
Place
Sound8
Las Vegas, NVMSA
Volume: 26Mix: 2.84%of portfolio
Place
Sound9
Colorado Springs, CO, COMSA
Volume: 23Mix: 2.52%of portfolio
Place
Sound10
Denver, COMSA
Volume: 17Mix: 1.86%of portfolio
Place
SoundShowing 10 of 17 metro areas
Top States by Place Specialization Score
1
CAState
Volume: 438Mix: 47.92%of portfolio
Place
Strong2
WAState
Volume: 79Mix: 8.64%of portfolio
Place
Strong3
AZState
Volume: 64Mix: 7.00%of portfolio
Place
Sound4
UTState
Volume: 44Mix: 4.81%of portfolio
Place
Sound5
COState
Volume: 52Mix: 5.69%of portfolio
Place
Sound6
NVState
Volume: 34Mix: 3.72%of portfolio
Place
Sound7
NCState
Volume: 37Mix: 4.05%of portfolio
Place
Sound8
OHState
Volume: 27Mix: 2.95%of portfolio
Place
Sound9
TNState
Volume: 24Mix: 2.63%of portfolio
Place
Sound10
ALState
Volume: 18Mix: 1.97%of portfolio
Place
SoundShowing 10 of 13 states
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.