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Watermark Capital, Inc.
Independent Mortgage Company|SACRAMENTO, CA|Near-National
Loans Originated
626
Applications
771
Volume
$355 million
Offers loans directly to consumers
Overall Pricing
Strong
Overall Pull Through
Strong
Safe Rate Awards⭐FHA Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.013%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,244
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
81.2%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Competitive pricing compared to the market
- Lower than average lender fees
- Strong pull through performance
- Nationwide availability with consistent service
Report Card
Watermark Capital, Inc. performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Strong | Highly Competitive | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Sound | Industry Standard | |
FHA | Sound | Industry Standard | |
VA | Sound | Industry Standard | |
Jumbo | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Sound | Industry Standard | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Sound | Near-National · 18 metro areas · 34 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$567,125
Average Borrower Income
$270,864
Average Property Value
$866,773
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Sound | Strong | Sound | 518 | 82.7% | +0.001% | $1,156 |
FHA Loans | Strong | Sound | Exceptional | Strong | 38 | 6.1% | +0.178% | $1,216 |
VA Loans | Sound | Sound | Strong | Acceptable | 23 | 3.7% | -0.539% | $1,320 |
Jumbo Loans | Sound | Strong | Acceptable | Strong | 47 | 7.5% | +0.393% | $2,262 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Sound | Strong | Sound | 419 | 66.9% | +0.072% | $1,610 |
Refinance | Strong | Sound | Exceptional | Strong | 207 | 33.1% | -0.115% | $447 |
Geographic Coverage
Metro Areas
17
States Served
34
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
ALAZCACOCTDCFLGAHIIDINKSMAMDMIMNMSMTNCNJNMNVOHOKORPASCTNTXUTVAWAWIWY
Top Metro Areas by Place Specialization Score
1
Los Angeles, CAMSA
Volume: 61Mix: 9.74%
Place Specialization
Strong
2
Dallas, TXMSA
Volume: 53Mix: 8.47%
Place Specialization
Sound
3
Stockton, CAMSA
Volume: 24Mix: 3.83%
Place Specialization
Sound
4
Houston, TXMSA
Volume: 44Mix: 7.03%
Place Specialization
Sound
5
Fort Worth, TXMSA
Volume: 31Mix: 4.95%
Place Specialization
Sound
6
Anaheim, CAMSA
Volume: 28Mix: 4.47%
Place Specialization
Sound
7
Oakland, CAMSA
Volume: 18Mix: 2.88%
Place Specialization
Sound
8
San Diego, CAMSA
Volume: 19Mix: 3.04%
Place Specialization
Sound
9
Baltimore, MDMSA
Volume: 17Mix: 2.72%
Place Specialization
Sound
10
Sacramento, CAMSA
Volume: 16Mix: 2.56%
Place Specialization
Sound
Showing 10 of 17 metro areas
Top States by Place Specialization Score
1
CAState
Volume: 233Mix: 37.22%
Place Specialization
Strong
2
TXState
Volume: 152Mix: 24.28%
Place Specialization
Strong
3
MDState
Volume: 38Mix: 6.07%
Place Specialization
Sound
4
AZState
Volume: 24Mix: 3.83%
Place Specialization
Sound
5
WAState
Volume: 19Mix: 3.04%
Place Specialization
Sound
6
VAState
Volume: 20Mix: 3.19%
Place Specialization
Sound
7
NVState
Volume: 15Mix: 2.40%
Place Specialization
Sound
8
NCState
Volume: 12Mix: 1.92%
Place Specialization
Acceptable
9
GAState
Volume: 11Mix: 1.76%
Place Specialization
Acceptable
10
TNState
Volume: 10Mix: 1.60%
Place Specialization
Acceptable
Showing 10 of 11 states
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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