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Sammamish Mortgage Company

Independent Mortgage CompanyFALL CITY, WADirect to Consumer

We analyzed every closed loan from Sammamish Mortgage 820 loans across 1k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.

Pricing
Strong
vs. all lenders
Pull Through
Strong
closing strength
Products
Strong
Conventional · VA · Jumbo
Place
Strong
Regional · 9 mkts
Safe Rate AwardsConventional SuperstarVA SuperstarPurchase SuperstarRefinance Superstar

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Safe Rate's Summary

What They Do Well

  • Competitive pricing compared to the market
  • Lower than average lender fees
  • Strong pull through performance
  • Particularly strong in Conventional and VA and Jumbo loans

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Report Card

Sammamish Mortgage Company performance at a glance

CategoryScorevs. Peers
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
Highly Competitive
+0.1 bps above market avg
Pull Through
Closing strength
Strong
Highly Competitive
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Highly Competitive
Top 40% of lenders
VA
Strong
Highly Competitive
Top 40% of lenders
Jumbo
Strong
Highly Competitive
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Highly Competitive
Top 40% of lenders
Refinance
Strong
Highly Competitive
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
Coverage footprint
Sound
Industry Standard
Top 60% of lenders
Regional10 markets

Loan Product Performance

Performance by Loan Product

Loan TypeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Conventional
Strong
Strong
Strong
Sound
76593.3%
+0.011%Above
$1,003Fees
VA Loans
Strong
Strong
Strong
Sound
374.5%
-0.522%Below
$1,192Fees
Jumbo Loans
Sound
Strong
Sound
182.2%
+0.254%Above
$759Fees

Loan Purpose Performance

Performance by Loan Purpose

PurposeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Purchase
Strong
Strong
Exceptional
Sound
71186.7%
-0.006%Below
$1,205Fees
Refinance
Strong
Strong
Strong
Strong
10913.3%
+0.044%Above
$302Credit

At a Glance

Lender Overview

Lending Activity
Loans Originated
820
Applications
1,148
Volume
$466 million
Pricing & Closing
Avg Rate Spread
+0.001%
vs. market APOR
Avg Net Fees
$1,003
Origination − Credits
Pullthrough Rate
71.4%
Applications → Closed
Typical Borrower
Avg Loan Amount
$568,902
Avg Borrower Income
$216,960
Avg Property Value
$822,610

Geographic Coverage

Geographic Performance

Metro Areas
9
States Served
5
We count Washington DC as a state
Avg Place Specialization
Strong

States with Loan Originations

CACOIDORWA

Top Metro Areas by Place Specialization Score

1
Seattle, WAMSA
Volume: 395Mix: 48.17%of portfolio
Place
Exceptional
2
Everett, WA, WAMSA
Volume: 88Mix: 10.73%of portfolio
Place
Strong
3
Tacoma, WAMSA
Volume: 57Mix: 6.95%of portfolio
Place
Strong
4
Portland, OR-WAMSA
Volume: 97Mix: 11.83%of portfolio
Place
Strong
5
Bremerton, WAMSA
Volume: 28Mix: 3.41%of portfolio
Place
Strong
6
Spokane, WAMSA
Volume: 14Mix: 1.71%of portfolio
Place
Sound
7
Olympia, WAMSA
Volume: 11Mix: 1.34%of portfolio
Place
Sound
8
Wenatchee, WAMSA
Volume: 10Mix: 1.22%of portfolio
Place
Sound
9
Bellingham, WA, WAMSA
Volume: 11Mix: 1.34%of portfolio
Place
Sound

Top States by Place Specialization Score

1
WAState
Volume: 677Mix: 82.56%of portfolio
Place
Exceptional
2
ORState
Volume: 111Mix: 13.54%of portfolio
Place
Strong
3
IDState
Volume: 15Mix: 1.83%of portfolio
Place
Sound
4
CAState
Volume: 14Mix: 1.71%of portfolio
Place
Acceptable

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.