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Select Lending Services LLC

Independent Mortgage CompanySALEM, ORDirect to Consumer

Select Lending Services has 308 closed loans in our dataset — fully analyzed and benchmarked against peers across the 4 Ps of Mortgage Shopping.

Pricing
Acceptable
vs. all lenders
Pull Through
Acceptable
closing strength
Products
Strong
Conventional · VA · Jumbo
Place
Sound
Multi-Region · 7 mkts

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Safe Rate's Summary

Things to Think About

  • Pricing may be below industry average
  • Pull through efficiency is below industry average

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Report Card

Select Lending Services LLC performance at a glance

CategoryScorevs. Peers
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
Near industry average
+35.0 bps above market avg
Pull Through
Closing strength
Acceptable
Near industry average
Bottom 40% of lenders
By Loan Product· Specialization by type
Conventional
Sound
Industry Standard
Top 60% 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-Regional8 markets

Loan Product Performance

Performance by Loan Product

Loan TypeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Conventional
Acceptable
Sound
Acceptable
Acceptable
25783.4%
+0.404%Above
$2,200Fees
VA Loans
Sound
Strong
Acceptable
Strong
3210.4%
-0.146%Below
$2,173Fees
Jumbo Loans
Acceptable
Sound
Acceptable
196.2%
+0.363%Above
$2,783Fees

Loan Purpose Performance

Performance by Loan Purpose

PurposeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Purchase
Acceptable
Sound
Acceptable
Acceptable
28592.5%
+0.365%Above
$2,307Fees
Refinance
Acceptable
Acceptable
Sound
Acceptable
237.5%
+0.224%Above
$1,580Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
308
Applications
433
Volume
$145 million
Pricing & Closing
Avg Rate Spread
+0.350%
vs. market APOR
Avg Net Fees
$2,234
Origination − Credits
Pullthrough Rate
71.1%
Applications → Closed
Typical Borrower
Avg Loan Amount
$473,279
Avg Borrower Income
$192,383
Avg Property Value
$621,169

Geographic Coverage

Geographic Performance

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%of portfolio
Place
Strong
2
Chicago, ILMSA
Volume: 61Mix: 19.81%of portfolio
Place
Strong
3
Portland, OR-WAMSA
Volume: 48Mix: 15.58%of portfolio
Place
Strong
4
Arlington, VA-WVMSA
Volume: 18Mix: 5.84%of portfolio
Place
Sound
5
Fort Worth, TXMSA
Volume: 13Mix: 4.22%of portfolio
Place
Sound
6
Baltimore, MDMSA
Volume: 11Mix: 3.57%of portfolio
Place
Sound
7
Dallas, TXMSA
Volume: 10Mix: 3.25%of portfolio
Place
Acceptable

Top States by Place Specialization Score

1
COState
Volume: 95Mix: 30.84%of portfolio
Place
Strong
2
ILState
Volume: 73Mix: 23.70%of portfolio
Place
Strong
3
ORState
Volume: 49Mix: 15.91%of portfolio
Place
Strong
4
MDState
Volume: 25Mix: 8.12%of portfolio
Place
Sound
5
VAState
Volume: 21Mix: 6.82%of portfolio
Place
Sound
6
WAState
Volume: 16Mix: 5.19%of portfolio
Place
Sound
7
TXState
Volume: 24Mix: 7.79%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.