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Vellum Mortgage, Inc.
Independent Mortgage Company|Fairfax, VA|Multi-Region
Loans Originated
1,353
Applications
1,645
Volume
$704 million
Offers loans directly to consumers
Overall Pricing
Sound
Overall Pull Through
Strong
Safe Rate Awards⭐Conventional Superstar⭐VA Superstar⭐Purchase Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.237%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,456
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
82.2%
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 loans
Report Card
Vellum Mortgage, Inc. performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Sound | Industry Standard | |
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 | |
Jumbo | Sound | Industry Standard | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Sound | Multi-Regional · 13 metro areas · 17 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$520,381
Average Borrower Income
$175,845
Average Property Value
$667,291
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Sound | Strong | 939 | 69.4% | +0.208% | $2,288 |
FHA Loans | Sound | Strong | Acceptable | Exceptional | 264 | 19.5% | +0.600% | $3,319 |
VA Loans | Strong | Strong | Sound | Strong | 123 | 9.1% | -0.361% | $2,149 |
Jumbo Loans | Acceptable | Sound | N/A | Acceptable | 25 | 1.8% | +0.236% | $1,975 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Sound | Strong | 1,248 | 92.2% | +0.249% | $2,714 |
Refinance | Strong | Sound | Strong | Strong | 105 | 7.8% | +0.122% | -$10 |
Geographic Coverage
Metro Areas
12
States Served
17
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
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Top Metro Areas by Place Specialization Score
1
Washington, DC, DC-MDMSA
Volume: 249Mix: 18.40%
Place Specialization
Exceptional
2
Oakland, CAMSA
Volume: 254Mix: 18.77%
Place Specialization
Exceptional
3
Frederick, MDMSA
Volume: 152Mix: 11.23%
Place Specialization
Exceptional
4
Arlington, VA-WVMSA
Volume: 288Mix: 21.29%
Place Specialization
Exceptional
5
Lexington Park, MD, MDMSA
Volume: 55Mix: 4.07%
Place Specialization
Strong
6
Baltimore, MDMSA
Volume: 102Mix: 7.54%
Place Specialization
Strong
7
Vallejo, CA, CAMSA
Volume: 21Mix: 1.55%
Place Specialization
Sound
8
Hagerstown, MD-WVMSA
Volume: 15Mix: 1.11%
Place Specialization
Sound
9
San Francisco, CAMSA
Volume: 15Mix: 1.11%
Place Specialization
Sound
10
Sacramento, CAMSA
Volume: 18Mix: 1.33%
Place Specialization
Sound
Showing 10 of 12 metro areas
Top States by Place Specialization Score
1
MDState
Volume: 469Mix: 34.66%
Place Specialization
Exceptional
2
VAState
Volume: 333Mix: 24.61%
Place Specialization
Strong
3
DCState
Volume: 103Mix: 7.61%
Place Specialization
Strong
4
CAState
Volume: 348Mix: 25.72%
Place Specialization
Strong
5
TXState
Volume: 36Mix: 2.66%
Place Specialization
Sound
6
WVState
Volume: 10Mix: 0.74%
Place Specialization
Acceptable
7
FLState
Volume: 20Mix: 1.48%
Place Specialization
Acceptable
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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