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Tidewater Mortgage Services, Inc.
Independent Mortgage Company•VIRGINIA BEACH, VA•Direct to Consumer
We analyzed every closed loan from Tidewater Mortgage Services — 1.5k loans across 2k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Acceptable
vs. all lenders
Pull Through
Strong
closing strength
Products
Strong
FHA · Conventional · VA · USDA
Place
Sound
Multi-Region · 17 mkts
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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
Explore another lender or local market
Report Card
Tidewater Mortgage Services, Inc. performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Near industry average +29.5 bps above market avg | |
Pull Through Closing strength | Highly Competitive Top 40% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Highly Competitive Top 40% of lenders | |
FHA | Highly Competitive Top 40% of lenders | |
VA | Highly Competitive Top 40% of lenders | |
USDA | Highly Competitive Top 40% of lenders | |
By Loan Purpose· Transaction purpose mix | ||
Purchase | Highly Competitive Top 40% of lenders | |
Refinance | Near industry average Bottom 40% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Industry Standard Top 60% of lenders Multi-Regional18 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 815 | 55.2% | +0.301%Above | $2,830Fees | ||||
FHA Loans | 369 | 25.0% | +0.659%Above | $3,037Fees | ||||
VA Loans | 264 | 17.9% | -0.241%Below | $3,586Fees | ||||
USDA Loans | — | 27 | 1.8% | +0.435%Above | $2,152Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 1,449 | 98.2% | +0.310%Above | $2,999Fees | ||||
Refinance | 27 | 1.8% | -0.179%Below | $3,010Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,476
Applications
1,935
Volume
$454 million
Pricing & Closing
Avg Rate Spread
+0.295%
vs. market APOR
Avg Net Fees
$3,000
Origination − Credits
Pullthrough Rate
76.3%
Applications → Closed
Typical Borrower
Avg Loan Amount
$307,879
Avg Borrower Income
$122,587
Avg Property Value
$391,951
Geographic Coverage
Geographic Performance
Metro Areas
17
States Served
12
We count Washington DC as a state
Avg Place Specialization
States with Loan Originations
DCDEFLGAMDNCNJPASCTNVAWV
Top Metro Areas by Place Specialization Score
1
Virginia Beach, VA-NCMSA
Volume: 461Mix: 31.23%of portfolio
Place
Exceptional2
Myrtle Beach, SCMSA
Volume: 188Mix: 12.74%of portfolio
Place
Exceptional3
Harrisburg, PAMSA
Volume: 64Mix: 4.34%of portfolio
Place
Strong4
Richmond, VA, VAMSA
Volume: 95Mix: 6.44%of portfolio
Place
Strong5
Tampa, FL, FLMSA
Volume: 60Mix: 4.07%of portfolio
Place
Strong6
Chambersburg, PA, PAMSA
Volume: 20Mix: 1.36%of portfolio
Place
Sound7
Dover, DE, DEMSA
Volume: 23Mix: 1.56%of portfolio
Place
Sound8
Wilmington, NC, NCMSA
Volume: 27Mix: 1.83%of portfolio
Place
Sound9
Winchester, VA, VA-WVMSA
Volume: 17Mix: 1.15%of portfolio
Place
Sound10
York, PAMSA
Volume: 25Mix: 1.69%of portfolio
Place
SoundShowing 10 of 17 metro areas
Top States by Place Specialization Score
1
VAState
Volume: 584Mix: 39.57%of portfolio
Place
Exceptional2
PAState
Volume: 288Mix: 19.51%of portfolio
Place
Strong3
SCState
Volume: 202Mix: 13.69%of portfolio
Place
Strong4
DEState
Volume: 69Mix: 4.67%of portfolio
Place
Strong5
NCState
Volume: 101Mix: 6.84%of portfolio
Place
Sound6
FLState
Volume: 118Mix: 7.99%of portfolio
Place
Sound7
WVState
Volume: 36Mix: 2.44%of portfolio
Place
Sound8
MDState
Volume: 45Mix: 3.05%of portfolio
Place
Sound9
NJState
Volume: 29Mix: 1.96%of portfolio
Place
SoundHow 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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The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.
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.