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Sierra Pacific Mortgage Company, Inc.
Independent Mortgage Company|Folsom, CA|National
Loans Originated
7,145
Applications
9,846
Volume
$2 billion
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Acceptable
Overall Pull Through
Strong
Safe Rate Awards⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.263%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,577
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
72.6%
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 and USDA loans
- Nationwide availability with consistent service
Things to Think About
- Pricing may be below industry average
Report Card
Sierra Pacific Mortgage Company, Inc. performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
FHA | Exceptional | Market Leader | |
VA | Exceptional | Market Leader | |
Jumbo | Strong | Highly Competitive | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Strong | National · 50 metro areas · 49 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$365,872
Average Borrower Income
$141,649
Average Property Value
$482,254
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Exceptional | Acceptable | Strong | 4,808 | 67.3% | +0.255% | $3,373 |
FHA Loans | Sound | Exceptional | Acceptable | Strong | 1,737 | 24.3% | +0.430% | $4,338 |
VA Loans | Sound | Exceptional | Acceptable | Strong | 457 | 6.4% | -0.298% | $2,814 |
Jumbo Loans | Sound | Strong | N/A | Sound | 26 | 0.4% | +0.374% | $3,431 |
USDA Loans | Sound | Exceptional | Acceptable | Strong | 117 | 1.6% | +0.245% | $3,033 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Exceptional | Acceptable | Strong | 6,238 | 87.3% | +0.274% | $3,655 |
Refinance | Strong | Strong | Sound | Strong | 907 | 12.7% | +0.181% | $2,990 |
Geographic Coverage
Metro Areas
49
States Served
49
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Wichita, KS, KSMSA
Volume: 386Mix: 5.40%
Place Specialization
Exceptional
2
Bakersfield, CAMSA
Volume: 285Mix: 3.99%
Place Specialization
Exceptional
3
Fresno, CA, CAMSA
Volume: 290Mix: 4.06%
Place Specialization
Exceptional
4
Sacramento, CAMSA
Volume: 309Mix: 4.32%
Place Specialization
Strong
5
Los Angeles, CAMSA
Volume: 256Mix: 3.58%
Place Specialization
Strong
6
Hagerstown, MD-WVMSA
Volume: 81Mix: 1.13%
Place Specialization
Strong
7
Logan, UT, UT-IDMSA
Volume: 49Mix: 0.69%
Place Specialization
Strong
8
Baltimore, MDMSA
Volume: 168Mix: 2.35%
Place Specialization
Strong
9
Riverside, CAMSA
Volume: 219Mix: 3.07%
Place Specialization
Strong
10
Portland, OR-WAMSA
Volume: 173Mix: 2.42%
Place Specialization
Strong
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
KSState
Volume: 464Mix: 6.49%
Place Specialization
Exceptional
2
CAState
Volume: 2,398Mix: 33.56%
Place Specialization
Exceptional
3
ORState
Volume: 367Mix: 5.14%
Place Specialization
Strong
4
TXState
Volume: 545Mix: 7.63%
Place Specialization
Strong
5
MDState
Volume: 262Mix: 3.67%
Place Specialization
Strong
6
WVState
Volume: 101Mix: 1.41%
Place Specialization
Strong
7
UTState
Volume: 191Mix: 2.67%
Place Specialization
Strong
8
FLState
Volume: 442Mix: 6.19%
Place Specialization
Strong
9
TNState
Volume: 212Mix: 2.97%
Place Specialization
Strong
10
WAState
Volume: 173Mix: 2.42%
Place Specialization
Strong
Showing 10 of 40 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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