Get & compare mortgage quotes anonymously Start in My Home
SMB
Unclaimed

Summit Mortgage Bankers

Independent Mortgage Company•New York, NYHQ•Direct•Reviews near you on Google

We analyzed every closed loan from Summit Mortgage Bankers — 479 loans across 538 applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Sound
3/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Sound
3/5
Conventional · Jumbo
Place
Sound
3/5
Regional · 9 mkts

Safe Rate Summary

What They Do Well

  • Strong pull through performance

Explore another lender or local market

Report Card

Summit Mortgage Bankers performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
+10.9 bps above market avg
Pull Through
Closing strength
Strong
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Sound
Top 60% of lenders
Jumbo
Sound
Top 60% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Sound
Top 60% of lenders
Refinance
Sound
Top 60% of lenders
By Location· Geographic coverage
Geographic Reach
Regional · 9 markets
Sound
Top 60% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Sound
Product
Sound
Pricing
Sound
Pull Through
Strong
Volume467
Mix97.5%
Spread
+0.108%Above
Fees
$2,995Fees
Jumbo Loans
Overall
Sound
Product
Sound
Pricing—
Pull Through—
Volume12
Mix2.5%
Spread
+0.150%Above
Fees
$1,601Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Sound
Product
Sound
Pricing
Sound
Pull Through
Strong
Volume408
Mix85.2%
Spread
+0.121%Above
Fees
$3,165Fees
Refinance
Overall
Sound
Product
Sound
Pricing
Sound
Pull Through
Strong
Volume71
Mix14.8%
Spread
+0.040%Above
Fees
$1,737Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
479
Applications
538
Volume
$262 million
Pricing & Closing
Avg Rate Spread
+0.109%
vs. market APOR
Avg Net Fees
$2,956
Origination − Credits
Pullthrough Rate
89.0%
Applications → Closed
Typical Borrower
Avg Loan Amount
$547,630
Avg Borrower Income
$222,146
Avg Property Value
$954,374

Geographic Coverage

Geographic Performance

Metro Areas
9
markets with activity
States Served
5
of 50 states + DC
Avg Place Specialization
Sound
3/5

States with Loan Originations

5
5 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Northeast3
NJNYPA
South1
TX
West1
CA

Top Metro Areas by Place Specialization Score

1© Dllu · CC BY-SA 4.0
New York, NY-NJMetro
Volume 248Mix 51.77% of portfolio
80/100
Strong
2© Dicklyon · CC BY-SA 4.0
Nassau County, NYMetro
Volume 63Mix 13.15% of portfolio
64/100
Strong
3© Eric Polk · CC BY-SA 4.0
Los Angeles, CAMetro
Volume 36Mix 7.52% of portfolio
55/100
Sound
4© Mr. Matté · CC BY-SA 4.0
Lakewood, NJMetro
Volume 28Mix 5.85% of portfolio
55/100
Sound
5© André Regius · CC BY-SA 3.0
Anaheim, CAMetro
Volume 15Mix 3.13% of portfolio
47/100
Sound
6© Gamezilla2019 · CC BY 4.0
Newark, NJMetro
Volume 15Mix 3.13% of portfolio
47/100
Sound
7© Johnwayne Stroud · CC BY-SA 3.0
Riverside, CAMetro
Volume 18Mix 3.76% of portfolio
47/100
Sound
8© Ben Loomis · CC BY 2.0
San Jose, CAMetro
Volume 13Mix 2.71% of portfolio
46/100
Sound
9© Basil D Soufi · CC BY-SA 3.0
Oakland, CAMetro
Volume 12Mix 2.51% of portfolio
44/100
Sound

Top States by Place Specialization Score

New York
New York
1
New YorkState
Volume 291Mix 60.75% of portfolio
77/100
Strong
New Jersey
New Jersey
2
New JerseyState
Volume 82Mix 17.12% of portfolio
65/100
Strong
California
California
3
CaliforniaState
Volume 103Mix 21.50% of portfolio
59/100
Sound

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
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.

Looking for a different lender?

Are you the owner of Summit Mortgage Bankers?

Claim this profile to add your business logo, highlight verified loan officers, collect verified reviews, and customize your marketing presence.

Claim this Profile
The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
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.