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Schumacher Mortgage LLC

Independent Mortgage CompanyCAMDEN, DEDirect to Consumer

We analyzed every closed loan from Schumacher Mortgage 474 loans across 574 applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.

Pricing
Mediocre
vs. all lenders
Pull Through
Sound
closing strength
Products
Strong
FHA · Conventional · VA · Jumbo
Place
Sound
Multi-Region · 15 mkts

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Safe Rate's Summary

Things to Think About

  • Rates typically 61 basis points above market average

Explore another lender or local market

Report Card

Schumacher Mortgage LLC performance at a glance

CategoryScorevs. Peers
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Mediocre
Below peers
+61.4 bps above market avg
Pull Through
Closing strength
Sound
Industry Standard
Top 60% of lenders
By Loan Product· Specialization by type
Conventional
Sound
Industry Standard
Top 60% of lenders
FHA
Acceptable
Near industry average
Bottom 40% of lenders
VA
Strong
Highly Competitive
Top 40% of lenders
Jumbo
Sound
Industry Standard
Top 60% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Sound
Industry Standard
Top 60% of lenders
Refinance
Acceptable
Near industry average
Bottom 40% of lenders
By Location· Geographic coverage
Geographic Reach
Coverage footprint
Sound
Industry Standard
Top 60% of lenders
Multi-Regional16 markets

Loan Product Performance

Performance by Loan Product

Loan TypeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Conventional
Sound
Sound
Sound
37779.5%
+0.791%Above
$3,365Fees
FHA Loans
Acceptable
Acceptable
Acceptable
275.7%
+0.564%Above
$124Credit
VA Loans
Strong
Strong
Strong
5812.2%
-0.277%Below
$4,629Fees
Jumbo Loans
Sound
Sound
122.5%

Loan Purpose Performance

Performance by Loan Purpose

PurposeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Purchase
Sound
Sound
Sound
44694.1%
+0.668%Above
$3,405Fees
Refinance
Acceptable
Acceptable
Sound
285.9%
+0.602%Above
$2,985Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
474
Applications
574
Volume
$258 million
Pricing & Closing
Avg Rate Spread
+0.614%
vs. market APOR
Avg Net Fees
$3,061
Origination − Credits
Pullthrough Rate
82.6%
Applications → Closed
Typical Borrower
Avg Loan Amount
$544,916
Avg Borrower Income
$196,831
Avg Property Value
$714,768

Geographic Coverage

Geographic Performance

Metro Areas
15
States Served
11
We count Washington DC as a state
Avg Place Specialization
Sound

States with Loan Originations

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Top Metro Areas by Place Specialization Score

1
Columbus, OH, OHMSA
Volume: 31Mix: 6.54%of portfolio
Place
Sound
2
Pittsburgh, PA, PAMSA
Volume: 25Mix: 5.27%of portfolio
Place
Sound
3
Durham, NCMSA
Volume: 19Mix: 4.01%of portfolio
Place
Sound
4
Winston, NCMSA
Volume: 17Mix: 3.59%of portfolio
Place
Sound
5
Charlotte, NC-SCMSA
Volume: 21Mix: 4.43%of portfolio
Place
Sound
6
Charleston, SCMSA
Volume: 16Mix: 3.38%of portfolio
Place
Sound
7
Cincinnati, OHMSA
Volume: 17Mix: 3.59%of portfolio
Place
Sound
8
Hilton Head Island, SCMSA
Volume: 12Mix: 2.53%of portfolio
Place
Sound
9
Columbia, SC, SCMSA
Volume: 14Mix: 2.95%of portfolio
Place
Sound
10
Greenville, SCMSA
Volume: 12Mix: 2.53%of portfolio
Place
Sound
Showing 10 of 15 metro areas

Top States by Place Specialization Score

1
OHState
Volume: 173Mix: 36.50%of portfolio
Place
Strong
2
NCState
Volume: 131Mix: 27.64%of portfolio
Place
Strong
3
SCState
Volume: 72Mix: 15.19%of portfolio
Place
Strong
4
PAState
Volume: 41Mix: 8.65%of portfolio
Place
Sound
5
INState
Volume: 14Mix: 2.95%of portfolio
Place
Sound
6
TNState
Volume: 14Mix: 2.95%of portfolio
Place
Sound
7
LAState
Volume: 11Mix: 2.32%of portfolio
Place
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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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.