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Wall Street Mortgage Bankers, Ltd.

Independent Mortgage CompanyGREAT NECK, NYDirect to Consumer

Wall Street Mortgage Bankers has 250 closed loans in our dataset — fully analyzed and benchmarked against peers across the 4 Ps of Mortgage Shopping.

Pricing
Acceptable
vs. all lenders
Pull Through
Sound
closing strength
Products
Strong
Conventional · Jumbo
Place
Sound
Multi-Region · 4 mkts

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Safe Rate's Summary

Things to Think About

  • Pricing may be below industry average

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Report Card

Wall Street Mortgage Bankers, Ltd. performance at a glance

CategoryScorevs. Peers
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
Near industry average
+36.2 bps above market avg
Pull Through
Closing strength
Sound
Industry Standard
Top 60% of lenders
By Loan Product· Specialization by type
Conventional
Acceptable
Near industry average
Bottom 40% of lenders
Jumbo
Strong
Highly Competitive
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Sound
Industry Standard
Top 60% of lenders
Refinance
Sound
Industry Standard
Top 60% of lenders
By Location· Geographic coverage
Geographic Reach
Coverage footprint
Sound
Industry Standard
Top 60% of lenders
Multi-Regional4 markets

Loan Product Performance

Performance by Loan Product

Loan TypeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Conventional
Acceptable
Acceptable
Acceptable
Acceptable
17670.4%
+0.294%Above
$3,151Fees
Jumbo Loans
Strong
Strong
Strong
6726.8%
+0.986%Above
$3,512Fees

Loan Purpose Performance

Performance by Loan Purpose

PurposeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Purchase
Acceptable
Sound
Acceptable
Acceptable
17770.8%
+0.390%Above
$3,893Fees
Refinance
Sound
Sound
Acceptable
Sound
7329.2%
+0.291%Above
$1,703Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
250
Applications
389
Volume
$249 million
Pricing & Closing
Avg Rate Spread
+0.362%
vs. market APOR
Avg Net Fees
$3,270
Origination − Credits
Pullthrough Rate
64.3%
Applications → Closed
Typical Borrower
Avg Loan Amount
$996,360
Avg Borrower Income
$603,176
Avg Property Value
$1,579,160

Geographic Coverage

Geographic Performance

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%of portfolio
Place
Strong
2
Nassau County, NYMSA
Volume: 45Mix: 18.00%of portfolio
Place
Strong
3
Los Angeles, CAMSA
Volume: 46Mix: 18.40%of portfolio
Place
Strong
4
Lakewood, NJMSA
Volume: 12Mix: 4.80%of portfolio
Place
Sound

Top States by Place Specialization Score

1
NYState
Volume: 124Mix: 49.60%of portfolio
Place
Strong
2
CAState
Volume: 75Mix: 30.00%of portfolio
Place
Sound
3
NJState
Volume: 21Mix: 8.40%of portfolio
Place
Sound
4
FLState
Volume: 20Mix: 8.00%of portfolio
Place
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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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.