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SELECT LENDING SERVICES LLC
Independent Mortgage Company|SALEM, OR|Multi-Region
Loans Originated
308
Applications
433
Volume
$145 million
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Acceptable
Pricing and Pullthrough Overview
Average Rate Spread
+0.350%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,234
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
71.1%
Percentage of applications that result in closed loans
Safe Rate's Summary
Things to Think About
- Pricing may be below industry average
- Pull through efficiency is below industry average
Report Card
SELECT LENDING SERVICES LLC performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Acceptable | Near industry average | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Sound | Industry Standard | |
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 · 8 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
$473,279
Average Borrower Income
$192,383
Average Property Value
$621,169
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Acceptable | Sound | Acceptable | Acceptable | 257 | 83.4% | +0.404% | $2,200 |
VA Loans | Sound | Strong | Acceptable | Strong | 32 | 10.4% | -0.146% | $2,173 |
Jumbo Loans | Acceptable | Sound | N/A | Acceptable | 19 | 6.2% | +0.363% | $2,783 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Acceptable | Sound | Acceptable | Acceptable | 285 | 92.5% | +0.365% | $2,307 |
Refinance | Acceptable | Acceptable | Sound | Acceptable | 23 | 7.5% | +0.224% | $1,580 |
Geographic Coverage
Metro Areas
7
States Served
11
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
COFLIAILMDMIORTXVAWAWI
Top Metro Areas by Place Specialization Score
1
Denver, COMSA
Volume: 89Mix: 28.90%
Place Specialization
Strong
2
Chicago, ILMSA
Volume: 61Mix: 19.81%
Place Specialization
Strong
3
Portland, OR-WAMSA
Volume: 48Mix: 15.58%
Place Specialization
Strong
4
Arlington, VA-WVMSA
Volume: 18Mix: 5.84%
Place Specialization
Sound
5
Fort Worth, TXMSA
Volume: 13Mix: 4.22%
Place Specialization
Sound
6
Baltimore, MDMSA
Volume: 11Mix: 3.57%
Place Specialization
Sound
7
Dallas, TXMSA
Volume: 10Mix: 3.25%
Place Specialization
Acceptable
Top States by Place Specialization Score
1
COState
Volume: 95Mix: 30.84%
Place Specialization
Strong
2
ILState
Volume: 73Mix: 23.70%
Place Specialization
Strong
3
ORState
Volume: 49Mix: 15.91%
Place Specialization
Strong
4
MDState
Volume: 25Mix: 8.12%
Place Specialization
Sound
5
VAState
Volume: 21Mix: 6.82%
Place Specialization
Sound
6
WAState
Volume: 16Mix: 5.19%
Place Specialization
Sound
7
TXState
Volume: 24Mix: 7.79%
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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