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SCHUMACHER MORTGAGE LLC
Independent Mortgage Company|CAMDEN, DE|Multi-Region
Loans Originated
474
Applications
574
Volume
$258 million
Offers loans directly to consumers
Overall Pricing
Mediocre
Overall Pull Through
Sound
Pricing and Pullthrough Overview
Average Rate Spread
+0.614%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,061
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
82.6%
Percentage of applications that result in closed loans
Safe Rate's Summary
Things to Think About
- Rates typically 61 basis points above market average
Report Card
SCHUMACHER MORTGAGE LLC performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Mediocre | Below peers | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Sound | Industry Standard | |
FHA | Acceptable | Near industry average | |
VA | Strong | Highly Competitive | |
Jumbo | Sound | Industry Standard | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Sound | Industry Standard | |
Refinance | Acceptable | Near industry average | |
Places Geographic coverage | Sound | Multi-Regional · 16 metro areas · 11 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$544,916
Average Borrower Income
$196,831
Average Property Value
$714,768
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Sound | N/A | Sound | 377 | 79.5% | +0.791% | $3,365 |
FHA Loans | Acceptable | Acceptable | N/A | Acceptable | 27 | 5.7% | +0.564% | -$124 |
VA Loans | Strong | Strong | N/A | Strong | 58 | 12.2% | -0.277% | $4,629 |
Jumbo Loans | Sound | Sound | N/A | N/A | 12 | 2.5% | — | — |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Sound | N/A | Sound | 446 | 94.1% | +0.668% | $3,405 |
Refinance | Acceptable | Acceptable | N/A | Sound | 28 | 5.9% | +0.602% | $2,985 |
Geographic Coverage
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%
Place Specialization
Sound
2
Pittsburgh, PA, PAMSA
Volume: 25Mix: 5.27%
Place Specialization
Sound
3
Durham, NCMSA
Volume: 19Mix: 4.01%
Place Specialization
Sound
4
Winston, NCMSA
Volume: 17Mix: 3.59%
Place Specialization
Sound
5
Charlotte, NC-SCMSA
Volume: 21Mix: 4.43%
Place Specialization
Sound
6
Charleston, SCMSA
Volume: 16Mix: 3.38%
Place Specialization
Sound
7
Cincinnati, OHMSA
Volume: 17Mix: 3.59%
Place Specialization
Sound
8
Hilton Head Island, SCMSA
Volume: 12Mix: 2.53%
Place Specialization
Sound
9
Columbia, SC, SCMSA
Volume: 14Mix: 2.95%
Place Specialization
Sound
10
Greenville, SCMSA
Volume: 12Mix: 2.53%
Place Specialization
Sound
Showing 10 of 15 metro areas
Top States by Place Specialization Score
1
OHState
Volume: 173Mix: 36.50%
Place Specialization
Strong
2
NCState
Volume: 131Mix: 27.64%
Place Specialization
Strong
3
SCState
Volume: 72Mix: 15.19%
Place Specialization
Strong
4
PAState
Volume: 41Mix: 8.65%
Place Specialization
Sound
5
INState
Volume: 14Mix: 2.95%
Place Specialization
Sound
6
TNState
Volume: 14Mix: 2.95%
Place Specialization
Sound
7
LAState
Volume: 11Mix: 2.32%
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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