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TIDEWATER MORTGAGE SERVICES, INC.
Independent Mortgage Company|VIRGINIA BEACH, VA|Multi-Region
Loans Originated
1,476
Applications
1,935
Volume
$454 million
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Strong
Pricing and Pullthrough Overview
Average Rate Spread
+0.295%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,000
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
76.3%
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 USDA loans
Things to Think About
- Pricing may be below industry average
Report Card
TIDEWATER MORTGAGE SERVICES, 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 | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
USDA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Acceptable | Near industry average | |
Places Geographic coverage | Sound | Multi-Regional · 18 metro areas · 12 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$307,879
Average Borrower Income
$122,587
Average Property Value
$391,951
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Strong | 815 | 55.2% | +0.301% | $2,830 |
FHA Loans | Sound | Strong | Acceptable | Strong | 369 | 25.0% | +0.659% | $3,037 |
VA Loans | Sound | Strong | Acceptable | Strong | 264 | 17.9% | -0.241% | $3,586 |
USDA Loans | Strong | Strong | N/A | Strong | 27 | 1.8% | +0.435% | $2,152 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Acceptable | Strong | 1,449 | 98.2% | +0.310% | $2,999 |
Refinance | Acceptable | Acceptable | Acceptable | Mediocre | 27 | 1.8% | -0.179% | $3,010 |
Geographic Coverage
Metro Areas
17
States Served
12
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
DCDEFLGAMDNCNJPASCTNVAWV
Top Metro Areas by Place Specialization Score
1
Virginia Beach, VA-NCMSA
Volume: 461Mix: 31.23%
Place Specialization
Exceptional
2
Myrtle Beach, SCMSA
Volume: 188Mix: 12.74%
Place Specialization
Exceptional
3
Harrisburg, PAMSA
Volume: 64Mix: 4.34%
Place Specialization
Strong
4
Richmond, VA, VAMSA
Volume: 95Mix: 6.44%
Place Specialization
Strong
5
Tampa, FL, FLMSA
Volume: 60Mix: 4.07%
Place Specialization
Strong
6
Chambersburg, PA, PAMSA
Volume: 20Mix: 1.36%
Place Specialization
Sound
7
Dover, DE, DEMSA
Volume: 23Mix: 1.56%
Place Specialization
Sound
8
Wilmington, NC, NCMSA
Volume: 27Mix: 1.83%
Place Specialization
Sound
9
Winchester, VA, VA-WVMSA
Volume: 17Mix: 1.15%
Place Specialization
Sound
10
York, PAMSA
Volume: 25Mix: 1.69%
Place Specialization
Sound
Showing 10 of 17 metro areas
Top States by Place Specialization Score
1
VAState
Volume: 584Mix: 39.57%
Place Specialization
Exceptional
2
PAState
Volume: 288Mix: 19.51%
Place Specialization
Strong
3
SCState
Volume: 202Mix: 13.69%
Place Specialization
Strong
4
DEState
Volume: 69Mix: 4.67%
Place Specialization
Strong
5
NCState
Volume: 101Mix: 6.84%
Place Specialization
Sound
6
FLState
Volume: 118Mix: 7.99%
Place Specialization
Sound
7
WVState
Volume: 36Mix: 2.44%
Place Specialization
Sound
8
MDState
Volume: 45Mix: 3.05%
Place Specialization
Sound
9
NJState
Volume: 29Mix: 1.96%
Place Specialization
Sound
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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