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Washington Trust Mortgage Company

Independent Mortgage Company•Warwick, RIHQ•Direct•Reviews near you on Google

We analyzed every closed loan from Washington Trust Mortgage Company — 489 loans across 771 applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Sound
3/5
vs. all lenders
Pull-through
Sound
3/5
closing strength
Product
Strong
4/5
Conventional · Jumbo
Place
Strong
4/5
Regional · 5 mkts
Promptness
Not enough data
—/5
No quote responses measured yet

Explore another lender or local market

Report Card

Washington Trust Mortgage Company performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
+12.6 bps above market avg
3/5
Pull Through
Closing strength
Sound
Top 60% of lenders
3/5
By Loan Product· Specialization by type
Conventional
438 loans · 0.12% above market
Sound
Top 60% of lenders
3/5
Jumbo
51 loans · 0.22% above market
Strong
Top 40% of lenders
4/5
By Loan Purpose· Transaction purpose mix
Purchase
423 loans · 0.15% above market
Sound
Top 60% of lenders
3/5
Refinance
66 loans · 0.02% below market
Sound
Top 60% of lenders
3/5
By Location· Geographic coverage
Geographic Reach
Regional · 6 markets
Strong
Top 40% of lenders
4/5

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Sound
Product
Sound
Pricing
Sound
Pull Through
Acceptable
Volume438
Mix89.6%
Spread
+0.116%Above
Fees
$1,703Fees
Jumbo Loans
Overall
Sound
Product
Strong
Pricing
Acceptable
Pull Through
Sound
Volume51
Mix10.4%
Spread
+0.224%Above
Fees
$611Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Sound
Product
Sound
Pricing
Sound
Pull Through
Acceptable
Volume423
Mix86.5%
Spread
+0.147%Above
Fees
$1,630Fees
Refinance
Overall
Sound
Product
Sound
Pricing
Sound
Pull Through
Acceptable
Volume66
Mix13.5%
Spread
-0.018%Below
Fees
$1,399Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
489
Applications
771
Volume
$257 million
Pricing & Closing
Avg Rate Spread
+0.126%
vs. market APOR
Avg Net Fees
$1,601
Origination − Credits
Pullthrough Rate
63.4%
Applications → Closed
Typical Borrower
Avg Loan Amount
$526,984
Avg Borrower Income
$233,027
Avg Property Value
$805,573

Geographic Coverage

Geographic Performance

Metro Areas
5
markets with activity
States Served
4
of 50 states + DC
Avg Place Specialization
Strong
4/5

States with Loan Originations

4Full-year 2024 · HMDA
4 states with loan originations
Loans originated
< 1010–5050–100100+None
Northeast4
CTMANHRI

Top Metro Areas by Place Specialization Score

1© Percival Kestreltail · CC BY-SA 3.0
Cambridge, MAMetro
Volume 156Mix 31.90% of portfolio
77/100
Strong
2© Luciof · CC BY-SA 3.0
Boston, MAMetro
Volume 118Mix 24.13% of portfolio
75/100
Strong
3© Quintin Soloviev · CC BY 4.0
Hartford, CTMetro
Volume 68Mix 13.91% of portfolio
68/100
Strong
4© Quintin Soloviev · CC BY 4.0
Worcester, MAMetro
Volume 40Mix 8.18% of portfolio
66/100
Strong
5© Macaolards · CC BY-SA 4.0
Providence, RI-MAMetro
Volume 51Mix 10.43% of portfolio
64/100
Strong

Top States by Place Specialization Score

Massachusetts
Massachusetts
1
MassachusettsState
Volume 338Mix 69.12% of portfolio
80/100
Strong
Connecticut
Connecticut
2
ConnecticutState
Volume 96Mix 19.63% of portfolio
68/100
Strong
Rhode Island
Rhode Island
3
Rhode IslandState
Volume 42Mix 8.59% of portfolio
62/100
Strong
New Hampshire
New Hampshire
4
New HampshireState
Volume 13Mix 2.66% of portfolio
45/100
Sound

How We Rank Lenders

Our rankings use an equal-weight average of scores across the 5 Ps: Pricing, Product, Pull-Through, Place, and Promptness. Promptness measures how quickly a lender answers real shopper quote requests; a lender with none measured yet is counted at an estimate.

Our Point System (Max 50 Points)

10/ 50 pts
Pricing
How competitively a lender prices vs. the market benchmark (20%).
10/ 50 pts
Product
Performance on your specific loan type (20%).
10/ 50 pts
Pull Through
How reliably a lender closes the loans it starts (20%).
10/ 50 pts
Place
Depth of a lender's expertise in your local market (20%).
10/ 50 pts
Promptness
How quickly a lender answers real quote requests — blended in once they respond (20%).
Champion
Champion(80%+ = 40-50 points)
Superstar
Superstar(60-79% = 30-39 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary Safe Rate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

Looking for a different lender?

The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
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.