Summit Mortgage Corporation
Summit Mortgage Corporation has 375 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Acceptable
2/5
vs. all lenders
Pull-through
Sound
3/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · Jumbo
Place
Strong
4/5
Multi-Region · 2 mkts
Summary
What They Do Well
- Particularly strong in FHA and VA and Jumbo loans
Things to Think About
- Pricing may be below industry average
Explore another lender or local market
Report Card
Summit Mortgage Corporation performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+27.4 bps above market avg
Pull Through
Closing strength
Sound
Top 60% of lenders
By Loan Product· Specialization by type
Conventional
Sound
Top 60% of lenders
FHA
Strong
Top 40% of lenders
VA
Strong
Top 40% of lenders
Jumbo
Strong
Top 40% 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
Multi-Regional · 3 markets
Sound
Top 60% of lenders
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 270 | 72.0% | +0.288%Above | $3,554Fees | ||||
FHA Loans | 69 | 18.4% | +0.408%Above | $4,578Fees | ||||
VA Loans | — | 22 | 5.9% | -0.493%Below | $1,524Fees | |||
Jumbo Loans | — | 13 | 3.5% | +0.295%Above | $3,454Fees |
Conventional
OverallAcceptable
ProductSound
PricingAcceptable
Pull ThroughSound
Volume270
Mix72.0%
Spread
+0.288%Above
Fees
$3,554Fees
FHA Loans
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume69
Mix18.4%
Spread
+0.408%Above
Fees
$4,578Fees
VA Loans
OverallSound
ProductStrong
Pricing—
Pull ThroughSound
Volume22
Mix5.9%
Spread
-0.493%Below
Fees
$1,524Fees
Jumbo Loans
OverallStrong
ProductStrong
Pricing—
Pull ThroughSound
Volume13
Mix3.5%
Spread
+0.295%Above
Fees
$3,454Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 332 | 88.5% | +0.304%Above | $3,695Fees | ||||
Refinance | 43 | 11.5% | +0.079%Above | $3,251Fees |
Purchase
OverallSound
ProductSound
PricingAcceptable
Pull ThroughSound
Volume332
Mix88.5%
Spread
+0.304%Above
Fees
$3,695Fees
Refinance
OverallAcceptable
ProductSound
PricingMediocre
Pull ThroughSound
Volume43
Mix11.5%
Spread
+0.079%Above
Fees
$3,251Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
375
Applications
545
Volume
$178 million
Pricing & Closing
Avg Rate Spread
+0.274%
vs. market APOR
Avg Net Fees
$3,636
Origination − Credits
Pullthrough Rate
68.8%
Applications → Closed
Typical Borrower
Avg Loan Amount
$475,960
Avg Borrower Income
$188,413
Avg Property Value
$654,600
Geographic Coverage
Geographic Performance
Metro Areas
2
markets with activity
States Served
6
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
6South1
FL
West5
CACOIDORWA
Top Metro Areas by Place Specialization Score
Volume 291Mix 77.60% of portfolio
84/100
Exceptional
Volume 13Mix 3.47% of portfolio
51/100
SoundTop States by Place Specialization Score
1
OregonState
Volume 217Mix 57.87% of portfolio
79/100
Strong2
WashingtonState
Volume 150Mix 40.00% of portfolio
73/100
StrongHow 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.
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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.