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SWBC MORTGAGE CORPORATION
Independent Mortgage Company|SAN ANTONIO, TX|Near-National
Loans Originated
6,514
Applications
8,402
Volume
$2 billion
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Exceptional
Safe Rate Awards⭐FHA Superstar⭐VA Superstar⭐Jumbo Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.327%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,844
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
77.5%
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 and Jumbo and USDA loans
- Nationwide availability with consistent service
Things to Think About
- Pricing may be below industry average
Report Card
SWBC MORTGAGE CORPORATION performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Exceptional | Market Leader | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
FHA | Exceptional | Market Leader | |
VA | Exceptional | Market Leader | |
Jumbo | Exceptional | Market Leader | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Strong | Near-National · 50 metro areas · 34 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$338,654
Average Borrower Income
$136,188
Average Property Value
$435,976
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Exceptional | Acceptable | Strong | 4,125 | 63.3% | +0.325% | $2,940 |
FHA Loans | Strong | Exceptional | Sound | Exceptional | 1,408 | 21.6% | +0.658% | $2,531 |
VA Loans | Strong | Exceptional | Sound | Exceptional | 770 | 11.8% | -0.312% | $2,942 |
Jumbo Loans | Strong | Exceptional | Sound | Strong | 124 | 1.9% | +0.491% | $1,568 |
USDA Loans | Strong | Exceptional | N/A | Strong | 87 | 1.3% | -0.028% | $1,860 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Exceptional | Acceptable | Strong | 5,897 | 90.5% | +0.330% | $2,708 |
Refinance | Sound | Strong | Acceptable | Strong | 617 | 9.5% | +0.314% | $3,524 |
Geographic Coverage
Metro Areas
49
States Served
34
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
ALARAZCACODCDEFLGAIDINKYLAMAMDMNMSNCNENJNMNVOHOKPASCTNTXUTVAWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Waco, TX, TXMSA
Volume: 255Mix: 3.91%
Place Specialization
Exceptional
2
Hot Springs, AR, ARMSA
Volume: 102Mix: 1.57%
Place Specialization
Exceptional
3
Pensacola, FLMSA
Volume: 329Mix: 5.05%
Place Specialization
Exceptional
4
Gulfport, MSMSA
Volume: 231Mix: 3.55%
Place Specialization
Exceptional
5
Nashville, TNMSA
Volume: 518Mix: 7.95%
Place Specialization
Exceptional
6
Killeen, TXMSA
Volume: 233Mix: 3.58%
Place Specialization
Exceptional
7
Marietta, GA, GAMSA
Volume: 252Mix: 3.87%
Place Specialization
Exceptional
8
Scranton, PAMSA
Volume: 111Mix: 1.70%
Place Specialization
Strong
9
Mobile, AL, ALMSA
Volume: 80Mix: 1.23%
Place Specialization
Strong
10
Roanoke, VA, VAMSA
Volume: 91Mix: 1.40%
Place Specialization
Strong
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
TXState
Volume: 1,549Mix: 23.78%
Place Specialization
Exceptional
2
TNState
Volume: 646Mix: 9.92%
Place Specialization
Exceptional
3
MSState
Volume: 388Mix: 5.96%
Place Specialization
Strong
4
GAState
Volume: 506Mix: 7.77%
Place Specialization
Strong
5
COState
Volume: 446Mix: 6.85%
Place Specialization
Strong
6
ARState
Volume: 304Mix: 4.67%
Place Specialization
Strong
7
MNState
Volume: 379Mix: 5.82%
Place Specialization
Strong
8
FLState
Volume: 742Mix: 11.39%
Place Specialization
Strong
9
MDState
Volume: 328Mix: 5.04%
Place Specialization
Strong
10
VAState
Volume: 288Mix: 4.42%
Place Specialization
Strong
Showing 10 of 20 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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