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Washington Trust Mortgage Company LLC

Independent Mortgage CompanyWARWICK, RIDirect to Consumer

We analyzed every closed loan from Washington Trust Mortgage Company 489 loans across 771 applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.

Pricing
Sound
vs. all lenders
Pull Through
Sound
closing strength
Products
Strong
Conventional · Jumbo
Place
Strong
Regional · 5 mkts

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Report Card

Washington Trust Mortgage Company LLC performance at a glance

CategoryScorevs. Peers
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
Industry Standard
+12.6 bps above market avg
Pull Through
Closing strength
Sound
Industry Standard
Top 60% of lenders
By Loan Product· Specialization by type
Conventional
Sound
Industry Standard
Top 60% 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
Strong
Highly Competitive
Top 40% of lenders
Regional6 markets

Loan Product Performance

Performance by Loan Product

Loan TypeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Conventional
Sound
Sound
Sound
Acceptable
43889.6%
+0.116%Above
$1,703Fees
Jumbo Loans
Sound
Strong
Acceptable
Sound
5110.4%
+0.224%Above
$611Fees

Loan Purpose Performance

Performance by Loan Purpose

PurposeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Purchase
Sound
Sound
Sound
Acceptable
42386.5%
+0.147%Above
$1,630Fees
Refinance
Sound
Sound
Sound
Acceptable
6613.5%
-0.018%Below
$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
States Served
4
We count Washington DC as a state
Avg Place Specialization
Strong

States with Loan Originations

CTMANHRI

Top Metro Areas by Place Specialization Score

1
Cambridge, MAMSA
Volume: 156Mix: 31.90%of portfolio
Place
Strong
2
Boston, MA, MAMSA
Volume: 118Mix: 24.13%of portfolio
Place
Strong
3
Hartford, CTMSA
Volume: 68Mix: 13.91%of portfolio
Place
Strong
4
Worcester, MA, MAMSA
Volume: 40Mix: 8.18%of portfolio
Place
Strong
5
Providence, RI-MAMSA
Volume: 51Mix: 10.43%of portfolio
Place
Strong

Top States by Place Specialization Score

1
MAState
Volume: 338Mix: 69.12%of portfolio
Place
Strong
2
CTState
Volume: 96Mix: 19.63%of portfolio
Place
Strong
3
RIState
Volume: 42Mix: 8.59%of portfolio
Place
Strong
4
NHState
Volume: 13Mix: 2.66%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.