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SECURITYNATIONAL MORTGAGE COMPANY
Independent Mortgage Company|WILMINGTON, DE|Near-National
Loans Originated
4,622
Applications
7,295
Volume
$1 billion
Offers loans directly to consumers
Overall Pricing
Mediocre
Overall Pull Through
Strong
Pricing and Pullthrough Overview
Average Rate Spread
+0.690%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$4,889
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
63.4%
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 and Jumbo loans
- Nationwide availability with consistent service
Things to Think About
- Rates typically 69 basis points above market average
- Higher than average fees ($4,889)
Report Card
SECURITYNATIONAL MORTGAGE COMPANY performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Mediocre | Below peers | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Exceptional | Market Leader | |
VA | Strong | Highly Competitive | |
Jumbo | Strong | Highly Competitive | |
USDA | Sound | Industry Standard | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | Near-National · 50 metro areas · 39 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$368,630
Average Borrower Income
$129,743
Average Property Value
$437,720
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Acceptable | Strong | Mediocre | Sound | 2,037 | 44.1% | +0.685% | $4,903 |
FHA Loans | Sound | Exceptional | Mediocre | Strong | 2,255 | 48.8% | +0.787% | $4,873 |
VA Loans | Sound | Strong | Mediocre | Strong | 260 | 5.6% | -0.109% | $5,167 |
Jumbo Loans | Sound | Strong | N/A | Acceptable | 38 | 0.8% | +0.597% | $4,047 |
USDA Loans | Acceptable | Sound | N/A | Acceptable | 32 | 0.7% | +0.397% | $3,333 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Exceptional | Mediocre | Strong | 4,224 | 91.4% | +0.710% | $4,904 |
Refinance | Acceptable | Strong | Mediocre | Sound | 398 | 8.6% | +0.510% | $4,754 |
Geographic Coverage
Metro Areas
49
States Served
39
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
ALARAZCACOCTFLGAHIIDILINKSKYLAMDMIMNMOMSMTNCNJNMNVOHOKORPARISCTNTXUTVAWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Brownsville, TXMSA
Volume: 126Mix: 2.73%
Place Specialization
Exceptional
2
Salt Lake City, UTMSA
Volume: 579Mix: 12.53%
Place Specialization
Exceptional
3
Provo, UTMSA
Volume: 357Mix: 7.72%
Place Specialization
Exceptional
4
Las Vegas, NVMSA
Volume: 289Mix: 6.25%
Place Specialization
Strong
5
Phoenix, AZMSA
Volume: 478Mix: 10.34%
Place Specialization
Strong
6
Houston, TXMSA
Volume: 258Mix: 5.58%
Place Specialization
Strong
7
Austin, TXMSA
Volume: 136Mix: 2.94%
Place Specialization
Strong
8
Ogden, UT, UTMSA
Volume: 85Mix: 1.84%
Place Specialization
Strong
9
Fort Worth, TXMSA
Volume: 110Mix: 2.38%
Place Specialization
Strong
10
Sheboygan, WI, WIMSA
Volume: 36Mix: 0.78%
Place Specialization
Strong
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
UTState
Volume: 1,162Mix: 25.14%
Place Specialization
Exceptional
2
TXState
Volume: 1,203Mix: 26.03%
Place Specialization
Exceptional
3
NVState
Volume: 330Mix: 7.14%
Place Specialization
Strong
4
AZState
Volume: 601Mix: 13.00%
Place Specialization
Strong
5
HIState
Volume: 89Mix: 1.93%
Place Specialization
Strong
6
WIState
Volume: 157Mix: 3.40%
Place Specialization
Strong
7
GAState
Volume: 178Mix: 3.85%
Place Specialization
Strong
8
COState
Volume: 120Mix: 2.60%
Place Specialization
Strong
9
FLState
Volume: 184Mix: 3.98%
Place Specialization
Sound
10
CAState
Volume: 146Mix: 3.16%
Place Specialization
Sound
Showing 10 of 27 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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