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VELOCIO MORTGAGE L.L.C.
Independent Mortgage Company|DALLAS, TX|Multi-Region
Loans Originated
4,796
Applications
5,678
Volume
$1 billion
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Exceptional
Overall Pull Through
Exceptional
Safe Rate Awards💎FHA Champion💎VA Champion💎Purchase Champion⭐Conventional Superstar
Pricing and Pullthrough Overview
Average Rate Spread
-0.852%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,231
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
84.5%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Offers rates 85.20 basis points below market average
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and USDA loans
Report Card
VELOCIO MORTGAGE L.L.C. performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Exceptional | Market Leader | |
Pull Through Closing Strength | Exceptional | Market Leader | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Exceptional | Market Leader | |
VA | Exceptional | Market Leader | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Places Geographic coverage | Strong | Multi-Regional · 15 metro areas · 6 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$363,399
Average Borrower Income
$119,016
Average Property Value
$400,874
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Strong | Sound | 1,388 | 28.9% | -0.434% | $2,495 |
FHA Loans | Exceptional | Exceptional | Exceptional | Exceptional | 2,559 | 53.4% | -0.953% | $1,094 |
VA Loans | Exceptional | Exceptional | Exceptional | Exceptional | 746 | 15.6% | -1.339% | -$1,858 |
USDA Loans | Exceptional | Exceptional | N/A | Exceptional | 102 | 2.1% | -0.989% | $2,672 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Exceptional | Exceptional | Exceptional | Exceptional | 4,795 | 100.0% | -0.852% | $1,230 |
Geographic Coverage
Metro Areas
14
States Served
6
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
AZFLNCSCTNTX
Top Metro Areas by Place Specialization Score
1
Austin, TXMSA
Volume: 625Mix: 13.03%
Place Specialization
Exceptional
2
Charleston, SCMSA
Volume: 323Mix: 6.73%
Place Specialization
Exceptional
3
Phoenix, AZMSA
Volume: 1,242Mix: 25.90%
Place Specialization
Exceptional
4
San Antonio, TXMSA
Volume: 682Mix: 14.22%
Place Specialization
Exceptional
5
Dallas, TXMSA
Volume: 462Mix: 9.63%
Place Specialization
Strong
6
Houston, TXMSA
Volume: 487Mix: 10.15%
Place Specialization
Strong
7
Fort Worth, TXMSA
Volume: 215Mix: 4.48%
Place Specialization
Strong
8
Rocky Mount, NC, NCMSA
Volume: 47Mix: 0.98%
Place Specialization
Strong
9
Raleigh, NCMSA
Volume: 184Mix: 3.84%
Place Specialization
Strong
10
Orlando, FLMSA
Volume: 193Mix: 4.02%
Place Specialization
Strong
Showing 10 of 14 metro areas
Top States by Place Specialization Score
1
TXState
Volume: 2,479Mix: 51.69%
Place Specialization
Exceptional
2
AZState
Volume: 1,242Mix: 25.90%
Place Specialization
Exceptional
3
SCState
Volume: 399Mix: 8.32%
Place Specialization
Strong
4
NCState
Volume: 441Mix: 9.20%
Place Specialization
Strong
5
FLState
Volume: 233Mix: 4.86%
Place Specialization
Strong
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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