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TOWNE MORTGAGE COMPANY
Independent Mortgage Company|PLYMOUTH, MI|National
Loans Originated
5,739
Applications
7,370
Volume
$1 billion
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Acceptable
Overall Pull Through
Strong
Safe Rate Awards⭐FHA Superstar⭐VA Superstar⭐USDA Superstar⭐Purchase Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.403%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,393
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
77.9%
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
- Nationwide availability with consistent service
Things to Think About
- Pricing may be below industry average
Report Card
TOWNE MORTGAGE COMPANY 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 | Exceptional | Market Leader | |
FHA | Exceptional | Market Leader | |
VA | Exceptional | Market Leader | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Exceptional | Market Leader | |
Places Geographic coverage | Strong | National · 50 metro areas · 44 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$295,995
Average Borrower Income
$116,743
Average Property Value
$363,339
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Exceptional | Acceptable | Strong | 2,823 | 49.2% | +0.406% | $2,172 |
FHA Loans | Strong | Exceptional | Sound | Exceptional | 2,093 | 36.5% | +0.569% | $2,740 |
VA Loans | Strong | Exceptional | Sound | Exceptional | 613 | 10.7% | -0.213% | $2,451 |
USDA Loans | Strong | Exceptional | Sound | Strong | 205 | 3.6% | +0.285% | $2,107 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Exceptional | Sound | Strong | 4,818 | 84.0% | +0.410% | $2,334 |
Refinance | Sound | Exceptional | Acceptable | Strong | 921 | 16.0% | +0.370% | $2,691 |
Geographic Coverage
Metro Areas
49
States Served
44
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
ALARAZCACOCTDCDEFLGAIAILINKSKYLAMAMDMIMNMOMSMTNCNDNENHNJNVOHOKORPARISCSDTNTXUTVAWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Gadsden, AL, ALMSA
Volume: 95Mix: 1.66%
Place Specialization
Exceptional
2
Chicago, ILMSA
Volume: 734Mix: 12.79%
Place Specialization
Exceptional
3
Lake County, IL, ILMSA
Volume: 114Mix: 1.99%
Place Specialization
Strong
4
Mobile, AL, ALMSA
Volume: 96Mix: 1.67%
Place Specialization
Strong
5
Florence, ALMSA
Volume: 58Mix: 1.01%
Place Specialization
Strong
6
Alexandria, LA, LAMSA
Volume: 66Mix: 1.15%
Place Specialization
Strong
7
Houston, TXMSA
Volume: 237Mix: 4.13%
Place Specialization
Strong
8
Fort Worth, TXMSA
Volume: 136Mix: 2.37%
Place Specialization
Strong
9
Gulfport, MSMSA
Volume: 65Mix: 1.13%
Place Specialization
Strong
10
Dothan, AL, ALMSA
Volume: 35Mix: 0.61%
Place Specialization
Strong
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
ALState
Volume: 556Mix: 9.69%
Place Specialization
Exceptional
2
ILState
Volume: 977Mix: 17.02%
Place Specialization
Exceptional
3
TXState
Volume: 701Mix: 12.21%
Place Specialization
Strong
4
GAState
Volume: 360Mix: 6.27%
Place Specialization
Strong
5
COState
Volume: 317Mix: 5.52%
Place Specialization
Strong
6
FLState
Volume: 522Mix: 9.10%
Place Specialization
Strong
7
MIState
Volume: 311Mix: 5.42%
Place Specialization
Strong
8
LAState
Volume: 172Mix: 3.00%
Place Specialization
Strong
9
MSState
Volume: 135Mix: 2.35%
Place Specialization
Strong
10
SCState
Volume: 154Mix: 2.68%
Place Specialization
Strong
Showing 10 of 34 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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