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Servion, Inc.
Independent Mortgage Company|NEW BRIGHTON, MN|National
Loans Originated
1,470
Applications
1,999
Volume
$367 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Sound
Overall Pull Through
Strong
Safe Rate Awards⭐Conventional Superstar⭐VA Superstar⭐Purchase Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.333%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,024
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
73.5%
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 loans
- Nationwide availability with consistent service
Report Card
Servion, Inc. performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Sound | Industry Standard | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
USDA | Sound | Industry Standard | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | National · 21 metro areas · 41 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$249,776
Average Borrower Income
$103,546
Average Property Value
$323,007
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Sound | Strong | 1,102 | 75.0% | +0.305% | $2,118 |
FHA Loans | Sound | Strong | Sound | Sound | 218 | 14.8% | +0.673% | $1,818 |
VA Loans | Strong | Strong | Sound | Strong | 132 | 9.0% | -0.097% | $1,556 |
USDA Loans | Acceptable | Sound | N/A | Acceptable | 16 | 1.1% | +0.451% | $1,440 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Sound | Strong | 1,207 | 82.1% | +0.328% | $2,067 |
Refinance | Strong | Strong | Sound | Strong | 263 | 17.9% | +0.352% | $1,830 |
Geographic Coverage
Metro Areas
20
States Served
41
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
La Crosse, WI-MNMSA
Volume: 111Mix: 7.55%
Place Specialization
Strong
2
Duluth, MN, MN-WIMSA
Volume: 98Mix: 6.67%
Place Specialization
Strong
3
Minneapolis, MN-WIMSA
Volume: 161Mix: 10.95%
Place Specialization
Strong
4
Billings, MT, MTMSA
Volume: 40Mix: 2.72%
Place Specialization
Strong
5
Rochester, MN, MNMSA
Volume: 45Mix: 3.06%
Place Specialization
Strong
6
St. Cloud, MN, MNMSA
Volume: 21Mix: 1.43%
Place Specialization
Sound
7
Omaha, NE, NE-IAMSA
Volume: 28Mix: 1.90%
Place Specialization
Sound
8
Elgin, IL, ILMSA
Volume: 23Mix: 1.56%
Place Specialization
Sound
9
Cheyenne, WY, WYMSA
Volume: 17Mix: 1.16%
Place Specialization
Sound
10
Rapid City, SD, SDMSA
Volume: 16Mix: 1.09%
Place Specialization
Sound
Showing 10 of 20 metro areas
Top States by Place Specialization Score
1
MNState
Volume: 512Mix: 34.83%
Place Specialization
Exceptional
2
WIState
Volume: 264Mix: 17.96%
Place Specialization
Strong
3
WYState
Volume: 81Mix: 5.51%
Place Specialization
Strong
4
MTState
Volume: 48Mix: 3.27%
Place Specialization
Sound
5
IAState
Volume: 73Mix: 4.97%
Place Specialization
Sound
6
ILState
Volume: 72Mix: 4.90%
Place Specialization
Sound
7
SDState
Volume: 33Mix: 2.24%
Place Specialization
Sound
8
NEState
Volume: 29Mix: 1.97%
Place Specialization
Sound
9
MEState
Volume: 28Mix: 1.90%
Place Specialization
Sound
10
OKState
Volume: 28Mix: 1.90%
Place Specialization
Sound
Showing 10 of 22 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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