Alcova Mortgage
We analyzed every closed loan from Alcova Mortgage — 4.4k loans across 5k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Acceptable
2/5
vs. all lenders
Pull-through
Exceptional
5/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · Jumbo · USDA
Place
Sound
3/5
Multi-Region · 45 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Awards
Conventional
Superstar
FHA
Superstar
VA
Superstar
USDA
Superstar
Purchase
Superstar
Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and USDA loans
Things to Think About
- Pricing may be below industry average
Explore another lender or local market
Report Card
Alcova Mortgage performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+44.5 bps above market avg
2/5
Pull Through
Closing strength
Exceptional
Top 10% of lenders
5/5
By Loan Product· Specialization by type
Conventional
2,528 loans · 0.42% above market
Exceptional
Top 20% of lenders
5/5
FHA
1,105 loans · 0.71% above market
Exceptional
Top 20% of lenders
5/5
VA
453 loans · 0.17% below market
Exceptional
Top 20% of lenders
5/5
Jumbo
15 loans · 0.27% above market
Sound
Top 60% of lenders
3/5
USDA
322 loans · 0.68% above market
Exceptional
Top 10% of lenders
5/5
By Loan Purpose· Transaction purpose mix
Purchase
4,017 loans · 0.45% above market
Exceptional
Top 20% of lenders
5/5
Refinance
406 loans · 0.42% above market
Strong
Top 40% of lenders
4/5
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 46 markets
Sound
Top 60% of lenders
3/5
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 2,528 | 57.2% | +0.418%Above | $2,417Fees | ||||
FHA Loans | 1,105 | 25.0% | +0.714%Above | $2,177Fees | ||||
VA Loans | 453 | 10.2% | -0.166%Below | $2,534Fees | ||||
Jumbo Loans | — | — | 15 | 0.3% | +0.266%Above | $2,521Fees | ||
USDA Loans | 322 | 7.3% | +0.679%Above | $986Fees |
Conventional
OverallStrong
ProductExceptional
PricingAcceptable
Pull ThroughExceptional
Volume2,528
Mix57.2%
Spread
+0.418%Above
Fees
$2,417Fees
FHA Loans
OverallStrong
ProductExceptional
PricingAcceptable
Pull ThroughExceptional
Volume1,105
Mix25.0%
Spread
+0.714%Above
Fees
$2,177Fees
VA Loans
OverallStrong
ProductExceptional
PricingAcceptable
Pull ThroughExceptional
Volume453
Mix10.2%
Spread
-0.166%Below
Fees
$2,534Fees
Jumbo Loans
OverallSound
ProductSound
Pricing—
Pull Through—
Volume15
Mix0.3%
Spread
+0.266%Above
Fees
$2,521Fees
USDA Loans
OverallStrong
ProductExceptional
PricingSound
Pull ThroughExceptional
Volume322
Mix7.3%
Spread
+0.679%Above
Fees
$986Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 4,017 | 90.8% | +0.448%Above | $2,195Fees | ||||
Refinance | 406 | 9.2% | +0.420%Above | $3,244Fees |
Purchase
OverallStrong
ProductExceptional
PricingAcceptable
Pull ThroughExceptional
Volume4,017
Mix90.8%
Spread
+0.448%Above
Fees
$2,195Fees
Refinance
OverallSound
ProductStrong
PricingMediocre
Pull ThroughStrong
Volume406
Mix9.2%
Spread
+0.420%Above
Fees
$3,244Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
4,423
Applications
5,470
Volume
$1 billion
Pricing & Closing
Avg Rate Spread
+0.445%
vs. market APOR
Avg Net Fees
$2,329
Origination − Credits
Pullthrough Rate
80.9%
Applications → Closed
Typical Borrower
Avg Loan Amount
$295,626
Avg Borrower Income
$115,239
Avg Property Value
$360,200
Geographic Coverage
Geographic Performance
Metro Areas
45
markets with activity
States Served
16
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
16Full-year 2024 · HMDALoans originated
< 100100–200200+None
Northeast1
PA
Midwest1
OH
South13
ALARDCFLGAKYMDNCSCTNTXVAWV
West1
WA
Top Metro Areas by Place Specialization Score
Showing 10 of 45 metro areas
Top States by Place Specialization Score
Showing 10 of 11 states
How We Rank Lenders
Our rankings use an equal-weight average of scores across the 5 Ps — Pricing, Product, Pull-Through, and Place — with lender promptness blending in as the fifth once a lender has responded to real shopper quote requests.
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(80%+ = 40-50 points)
Superstar(60-79% = 30-39 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 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.