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WALL STREET MORTGAGE BANKERS, LTD.
Independent Mortgage Company|GREAT NECK, NY|Multi-Region
Loans Originated
250
Applications
389
Volume
$249 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Acceptable
Overall Pull Through
Sound
Pricing and Pullthrough Overview
Average Rate Spread
+0.362%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,270
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
64.3%
Percentage of applications that result in closed loans
Safe Rate's Summary
Things to Think About
- Pricing may be below industry average
Report Card
WALL STREET MORTGAGE BANKERS, LTD. performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Acceptable | Near industry average | |
Jumbo | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Sound | Industry Standard | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Sound | Multi-Regional · 4 metro areas · 10 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$996,360
Average Borrower Income
$603,176
Average Property Value
$1,579,160
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Acceptable | Acceptable | Acceptable | Acceptable | 176 | 70.4% | +0.294% | $3,151 |
Jumbo Loans | Strong | Strong | N/A | Strong | 67 | 26.8% | +0.986% | $3,512 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Acceptable | Sound | Acceptable | Acceptable | 177 | 70.8% | +0.390% | $3,893 |
Refinance | Sound | Sound | Acceptable | Sound | 73 | 29.2% | +0.291% | $1,703 |
Geographic Coverage
Metro Areas
4
States Served
10
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
CACOCTFLMAMDNJNYTNTX
Top Metro Areas by Place Specialization Score
1
New York, NY-NJMSA
Volume: 79Mix: 31.60%
Place Specialization
Strong
2
Nassau County, NYMSA
Volume: 45Mix: 18.00%
Place Specialization
Strong
3
Los Angeles, CAMSA
Volume: 46Mix: 18.40%
Place Specialization
Strong
4
Lakewood, NJMSA
Volume: 12Mix: 4.80%
Place Specialization
Sound
Top States by Place Specialization Score
1
NYState
Volume: 124Mix: 49.60%
Place Specialization
Strong
2
CAState
Volume: 75Mix: 30.00%
Place Specialization
Sound
3
NJState
Volume: 21Mix: 8.40%
Place Specialization
Sound
4
FLState
Volume: 20Mix: 8.00%
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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