Rapid Mortgage Company
We analyzed every closed loan from Rapid Mortgage Company — 831 loans across 1k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Mediocre
1/5
vs. all lenders
Pull-through
Sound
3/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · USDA
Place
Strong
4/5
Multi-Region · 8 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Summary
What They Do Well
- Particularly strong in FHA and VA and USDA loans
Things to Think About
- Rates typically 70 basis points above market average
Explore another lender or local market
Report Card
Rapid Mortgage Company performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Mediocre
+69.7 bps above market avg
1/5
Pull Through
Closing strength
Sound
Top 60% of lenders
3/5
By Loan Product· Specialization by type
Conventional
522 loans · 0.63% above market
Sound
Top 60% of lenders
3/5
FHA
232 loans · 1.14% above market
Strong
Top 40% of lenders
4/5
VA
62 loans · 0.13% above market
Strong
Top 40% of lenders
4/5
USDA
15 loans · 0.48% above market
Strong
Top 40% of lenders
4/5
By Loan Purpose· Transaction purpose mix
Purchase
785 loans · 0.70% above market
Strong
Top 40% of lenders
4/5
Refinance
46 loans · 0.69% above market
Sound
Top 60% of lenders
3/5
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 9 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 | 522 | 62.8% | +0.630%Above | $3,667Fees | ||||
FHA Loans | 232 | 27.9% | +1.137%Above | $4,715Fees | ||||
VA Loans | 62 | 7.5% | +0.130%Above | $3,031Fees | ||||
USDA Loans | — | — | 15 | 1.8% | +0.476%Above | $3,576Fees |
Conventional
OverallAcceptable
ProductSound
PricingMediocre
Pull ThroughSound
Volume522
Mix62.8%
Spread
+0.630%Above
Fees
$3,667Fees
FHA Loans
OverallSound
ProductStrong
PricingMediocre
Pull ThroughStrong
Volume232
Mix27.9%
Spread
+1.137%Above
Fees
$4,715Fees
VA Loans
OverallSound
ProductStrong
PricingMediocre
Pull ThroughStrong
Volume62
Mix7.5%
Spread
+0.130%Above
Fees
$3,031Fees
USDA Loans
OverallStrong
ProductStrong
Pricing—
Pull Through—
Volume15
Mix1.8%
Spread
+0.476%Above
Fees
$3,576Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 785 | 94.5% | +0.697%Above | $3,898Fees | ||||
Refinance | 46 | 5.5% | +0.694%Above | $2,909Fees |
Purchase
OverallSound
ProductStrong
PricingMediocre
Pull ThroughSound
Volume785
Mix94.5%
Spread
+0.697%Above
Fees
$3,898Fees
Refinance
OverallAcceptable
ProductSound
PricingAcceptable
Pull ThroughAcceptable
Volume46
Mix5.5%
Spread
+0.694%Above
Fees
$2,909Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
831
Applications
1,176
Volume
$211 million
Pricing & Closing
Avg Rate Spread
+0.697%
vs. market APOR
Avg Net Fees
$3,836
Origination − Credits
Pullthrough Rate
70.7%
Applications → Closed
Typical Borrower
Avg Loan Amount
$255,000
Avg Borrower Income
$102,805
Avg Property Value
$303,123
Geographic Coverage
Geographic Performance
Metro Areas
8
markets with activity
States Served
10
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
10Full-year 2024 · HMDALoans originated
< 2020–5050–100100+None
Northeast1
PA
Midwest3
ILINOH
South6
DEFLGAKYNCSC
Top Metro Areas by Place Specialization Score
Top States by Place Specialization Score
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.