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SI MORTGAGE COMPANY
Independent Mortgage Company|Sterling Heights, MI|Near-National
Loans Originated
633
Applications
902
Volume
$286 million
Offers loans directly to consumers
Overall Pull Through
Sound
Pricing and Pullthrough Overview
Pullthrough Rate
70.2%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Nationwide availability with consistent service
Report Card
SI MORTGAGE COMPANY performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | N/A | No data available | |
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 | |
Jumbo | Sound | Industry Standard | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Sound | Industry Standard | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Sound | Near-National · 15 metro areas · 32 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$453,120
Average Borrower Income
$184,502
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Sound | N/A | Sound | 594 | 93.8% | — | — |
FHA Loans | Acceptable | Acceptable | N/A | Acceptable | 18 | 2.8% | — | — |
Jumbo Loans | Acceptable | Sound | N/A | Acceptable | 21 | 3.3% | — | — |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Acceptable | Sound | N/A | Acceptable | 504 | 79.6% | — | — |
Refinance | Sound | Sound | N/A | Strong | 129 | 20.4% | — | — |
Geographic Coverage
Metro Areas
15
States Served
32
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
ALARAZCACOCTDEFLGAILINMAMDMIMNMONCNENHNJNVNYOHORPASCTNTXUTVAWAWI
Top Metro Areas by Place Specialization Score
1
Warren, MIMSA
Volume: 74Mix: 11.69%
Place Specialization
Strong
2
Montgomery County, PAMSA
Volume: 50Mix: 7.90%
Place Specialization
Strong
3
Austin, TXMSA
Volume: 52Mix: 8.21%
Place Specialization
Strong
4
Dallas, TXMSA
Volume: 50Mix: 7.90%
Place Specialization
Sound
5
Lakewood, NJMSA
Volume: 31Mix: 4.90%
Place Specialization
Sound
6
Detroit, MIMSA
Volume: 25Mix: 3.95%
Place Specialization
Sound
7
Chicago, ILMSA
Volume: 29Mix: 4.58%
Place Specialization
Sound
8
Nashville, TNMSA
Volume: 20Mix: 3.16%
Place Specialization
Sound
9
Fayetteville, ARMSA
Volume: 15Mix: 2.37%
Place Specialization
Sound
10
Tampa, FL, FLMSA
Volume: 16Mix: 2.53%
Place Specialization
Sound
Showing 10 of 15 metro areas
Top States by Place Specialization Score
1
MIState
Volume: 109Mix: 17.22%
Place Specialization
Strong
2
TXState
Volume: 118Mix: 18.64%
Place Specialization
Strong
3
NJState
Volume: 63Mix: 9.95%
Place Specialization
Strong
4
PAState
Volume: 66Mix: 10.43%
Place Specialization
Sound
5
ILState
Volume: 36Mix: 5.69%
Place Specialization
Sound
6
NCState
Volume: 31Mix: 4.90%
Place Specialization
Sound
7
TNState
Volume: 23Mix: 3.63%
Place Specialization
Sound
8
FLState
Volume: 33Mix: 5.21%
Place Specialization
Sound
9
GAState
Volume: 22Mix: 3.48%
Place Specialization
Sound
10
ARState
Volume: 16Mix: 2.53%
Place Specialization
Sound
Showing 10 of 14 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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