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ROSS MORTGAGE CORPORATION
Independent Mortgage Company|TROY, MI|Multi-Region
Loans Originated
927
Applications
1,205
Volume
$250 million
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Strong
Pricing and Pullthrough Overview
Average Rate Spread
+0.415%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,679
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
76.9%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA loans
Things to Think About
- Pricing may be below industry average
Report Card
ROSS MORTGAGE CORPORATION performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Sound | Multi-Regional · 12 metro areas · 14 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$270,437
Average Borrower Income
$119,110
Average Property Value
$331,570
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Sound | 583 | 62.9% | +0.381% | $2,685 |
FHA Loans | Sound | Strong | Acceptable | Strong | 215 | 23.2% | +0.850% | $2,860 |
VA Loans | Sound | Strong | Acceptable | Strong | 116 | 12.5% | -0.072% | $2,395 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Acceptable | Strong | 822 | 88.7% | +0.461% | $2,799 |
Refinance | Sound | Sound | Sound | Sound | 105 | 11.3% | +0.186% | $2,085 |
Geographic Coverage
Metro Areas
11
States Served
14
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
ALARFLGAILINKYMINCOHSCTNTXVA
Top Metro Areas by Place Specialization Score
1
Warren, MIMSA
Volume: 286Mix: 30.85%
Place Specialization
Strong
2
Detroit, MIMSA
Volume: 177Mix: 19.09%
Place Specialization
Strong
3
Flint, MI, MIMSA
Volume: 51Mix: 5.50%
Place Specialization
Strong
4
Kingsport, TN-VAMSA
Volume: 48Mix: 5.18%
Place Specialization
Strong
5
Johnson City, TN, TNMSA
Volume: 31Mix: 3.34%
Place Specialization
Sound
6
Charlottesville, VA, VAMSA
Volume: 21Mix: 2.27%
Place Specialization
Sound
7
Nashville, TNMSA
Volume: 34Mix: 3.67%
Place Specialization
Sound
8
Bowling Green, KY, KYMSA
Volume: 13Mix: 1.40%
Place Specialization
Sound
9
Grand Rapids, MIMSA
Volume: 12Mix: 1.29%
Place Specialization
Sound
10
Monroe, MI, MIMSA
Volume: 10Mix: 1.08%
Place Specialization
Sound
Showing 10 of 11 metro areas
Top States by Place Specialization Score
1
MIState
Volume: 597Mix: 64.40%
Place Specialization
Exceptional
2
TNState
Volume: 152Mix: 16.40%
Place Specialization
Strong
3
VAState
Volume: 70Mix: 7.55%
Place Specialization
Sound
4
KYState
Volume: 42Mix: 4.53%
Place Specialization
Sound
5
ILState
Volume: 16Mix: 1.73%
Place Specialization
Sound
6
FLState
Volume: 23Mix: 2.48%
Place Specialization
Sound
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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