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We analyzed every closed loan from Nova Financial Investment — 3.8k loans across 6k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Acceptable
vs. all lenders
Pull Through
Exceptional
closing strength
Products
Exceptional
FHA · Conventional · VA · Jumbo · USDA
Place
Strong
Multi-Region · 20 mkts
Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐Jumbo Superstar⭐Purchase Superstar⭐Refinance Superstar
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Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
Things to Think About
- Pricing may be below industry average
Explore another lender or local market
Report Card
Nova Financial & Investment Corporation performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Near industry average +36.2 bps above market avg | |
Pull Through Closing strength | Market Leader Top 20% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Market Leader Top 20% of lenders | |
FHA | Market Leader Top 20% of lenders | |
VA | Market Leader Top 20% of lenders | |
Jumbo | Highly Competitive Top 40% of lenders | |
USDA | Market Leader Top 20% of lenders | |
By Loan Purpose· Transaction purpose mix | ||
Purchase | Market Leader Top 20% of lenders | |
Refinance | Market Leader Top 20% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Highly Competitive Top 40% of lenders Multi-Regional21 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 2,165 | 56.7% | +0.359%Above | $2,514Fees | ||||
FHA Loans | 1,199 | 31.4% | +0.505%Above | $2,943Fees | ||||
VA Loans | 357 | 9.4% | +0.080%Above | $2,983Fees | ||||
Jumbo Loans | 64 | 1.7% | +0.285%Above | $1,596Fees | ||||
USDA Loans | — | 33 | 0.9% | -0.024%Below | $1,519Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 3,210 | 84.1% | +0.374%Above | $2,528Fees | ||||
Refinance | 608 | 15.9% | +0.327%Above | $2,911Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
3,818
Applications
5,508
Volume
$1 billion
Pricing & Closing
Avg Rate Spread
+0.362%
vs. market APOR
Avg Net Fees
$2,630
Origination − Credits
Pullthrough Rate
69.3%
Applications → Closed
Typical Borrower
Avg Loan Amount
$365,086
Avg Borrower Income
$140,820
Avg Property Value
$471,045
Geographic Coverage
Geographic Performance
Metro Areas
20
States Served
20
We count Washington DC as a state
Avg Place Specialization
States with Loan Originations
ALAZCACOFLIDILINMTNENMNVOKORPATNTXUTWAWY
Top Metro Areas by Place Specialization Score
1
Tucson, AZ, AZMSA
Volume: 1,064Mix: 27.87%of portfolio
Place
Exceptional2
Yuma, AZ, AZMSA
Volume: 489Mix: 12.81%of portfolio
Place
Exceptional3
Phoenix, AZMSA
Volume: 970Mix: 25.41%of portfolio
Place
Exceptional4
Tacoma, WAMSA
Volume: 114Mix: 2.99%of portfolio
Place
Strong5
Sierra Vista, AZMSA
Volume: 67Mix: 1.75%of portfolio
Place
Strong6
Denver, COMSA
Volume: 316Mix: 8.28%of portfolio
Place
Strong7
Las Vegas, NVMSA
Volume: 146Mix: 3.82%of portfolio
Place
Strong8
Prescott Valley, AZMSA
Volume: 39Mix: 1.02%of portfolio
Place
Strong9
Eugene, ORMSA
Volume: 36Mix: 0.94%of portfolio
Place
Strong10
Colorado Springs, CO, COMSA
Volume: 37Mix: 0.97%of portfolio
Place
SoundShowing 10 of 20 metro areas
Top States by Place Specialization Score
1
AZState
Volume: 2,769Mix: 72.52%of portfolio
Place
Exceptional2
COState
Volume: 413Mix: 10.82%of portfolio
Place
Strong3
WAState
Volume: 217Mix: 5.68%of portfolio
Place
Strong4
NVState
Volume: 154Mix: 4.03%of portfolio
Place
Strong5
ORState
Volume: 72Mix: 1.89%of portfolio
Place
Sound6
CAState
Volume: 69Mix: 1.81%of portfolio
Place
Sound7
NMState
Volume: 25Mix: 0.65%of portfolio
Place
Sound8
TXState
Volume: 34Mix: 0.89%of portfolio
Place
Sound9
FLState
Volume: 31Mix: 0.81%of portfolio
Place
SoundHow We Rank Lenders
Our rankings use a weighted average of scores across equally-weighted categories to evaluate lenders on a linear, raw performance scale.
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.