First Colony Mortgage Corporation
We analyzed every closed loan from First Colony Mortgage Corporation — 6.7k loans across 9k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Sound
3/5
vs. all lenders
Pull-through
Exceptional
5/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · Jumbo · USDA
Place
Strong
4/5
National · 49 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Awards
Conventional
Superstar
FHA
Superstar
VA
Superstar
USDA
Superstar
Purchase
Superstar
Refinance
Superstar
Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
- Nationwide availability with consistent service
Explore another lender or local market
Report Card
First Colony Mortgage Corporation performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
+20.9 bps above market avg
3/5
Pull Through
Closing strength
Exceptional
Top 20% of lenders
5/5
By Loan Product· Specialization by type
Conventional
4,396 loans · 0.23% above market
Exceptional
Top 20% of lenders
5/5
FHA
1,564 loans · 0.35% above market
Exceptional
Top 20% of lenders
5/5
VA
542 loans · 0.46% below market
Exceptional
Top 20% of lenders
5/5
Jumbo
72 loans · 0.54% above market
Strong
Top 40% of lenders
4/5
USDA
106 loans · 0.14% above market
Exceptional
Top 20% of lenders
5/5
By Loan Purpose· Transaction purpose mix
Purchase
5,760 loans · 0.22% above market
Exceptional
Top 20% of lenders
5/5
Refinance
920 loans · 0.15% above market
Exceptional
Top 20% of lenders
5/5
By Location· Geographic coverage
Geographic Reach
National · 50 markets
Strong
Top 40% of lenders
4/5
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 4,396 | 65.8% | +0.228%Above | $3,083Fees | ||||
FHA Loans | 1,564 | 23.4% | +0.355%Above | $2,896Fees | ||||
VA Loans | 542 | 8.1% | -0.463%Below | $1,969Fees | ||||
Jumbo Loans | 72 | 1.1% | +0.538%Above | $3,304Fees | ||||
USDA Loans | 106 | 1.6% | +0.144%Above | $2,403Fees |
Conventional
OverallStrong
ProductExceptional
PricingAcceptable
Pull ThroughStrong
Volume4,396
Mix65.8%
Spread
+0.228%Above
Fees
$3,083Fees
FHA Loans
OverallStrong
ProductExceptional
PricingSound
Pull ThroughStrong
Volume1,564
Mix23.4%
Spread
+0.355%Above
Fees
$2,896Fees
VA Loans
OverallStrong
ProductExceptional
PricingStrong
Pull ThroughExceptional
Volume542
Mix8.1%
Spread
-0.463%Below
Fees
$1,969Fees
Jumbo Loans
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume72
Mix1.1%
Spread
+0.538%Above
Fees
$3,304Fees
USDA Loans
OverallStrong
ProductExceptional
PricingSound
Pull ThroughStrong
Volume106
Mix1.6%
Spread
+0.144%Above
Fees
$2,403Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 5,760 | 86.2% | +0.221%Above | $3,120Fees | ||||
Refinance | 920 | 13.8% | +0.147%Above | $2,175Fees |
Purchase
OverallStrong
ProductExceptional
PricingSound
Pull ThroughStrong
Volume5,760
Mix86.2%
Spread
+0.221%Above
Fees
$3,120Fees
Refinance
OverallStrong
ProductExceptional
PricingSound
Pull ThroughStrong
Volume920
Mix13.8%
Spread
+0.147%Above
Fees
$2,175Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
6,680
Applications
8,876
Volume
$2 billion
Pricing & Closing
Avg Rate Spread
+0.209%
vs. market APOR
Avg Net Fees
$2,964
Origination − Credits
Pullthrough Rate
75.3%
Applications → Closed
Typical Borrower
Avg Loan Amount
$401,079
Avg Borrower Income
$149,671
Avg Property Value
$513,355
Geographic Coverage
Geographic Performance
Metro Areas
49
markets with activity
States Served
45
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
45Full-year 2024 · HMDALoans originated
< 2020–5050–100100–200200+None
Northeast8
CTMEMANHNJNYPARI
Midwest10
IAILINKSMIMNMONDOHWI
South16
ALARDEFLGAKYLAMDMSNCOKSCTNTXVAWV
West11
AZCACOIDMTNMNVORUTWAWY
Top Metro Areas by Place Specialization Score
Showing 10 of 49 metro areas
Top States by Place Specialization Score
Showing 10 of 31 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.