Salem Five Mortgage Company
We analyzed every closed loan from Salem Five Mortgage Company — 1.2k 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
Acceptable
2/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · Jumbo
Place
Strong
4/5
Regional · 7 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Awards
FHA
Superstar
Jumbo
Superstar
Purchase
Superstar
Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and Jumbo loans
Things to Think About
- Pricing may be below industry average
Explore another lender or local market
Report Card
Salem Five Mortgage Company performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+5.2 bps above market avg
2/5
Pull Through
Closing strength
Strong
Top 40% of lenders
4/5
By Loan Product· Specialization by type
Conventional
931 loans · 0.06% above market
Strong
Top 40% of lenders
4/5
FHA
89 loans · 0.31% above market
Strong
Top 40% of lenders
4/5
VA
16 loans · 0.27% below market
Sound
Top 60% of lenders
3/5
Jumbo
136 loans · 0.18% below market
Exceptional
Top 20% of lenders
5/5
By Loan Purpose· Transaction purpose mix
Purchase
1,044 loans · 0.06% above market
Strong
Top 40% of lenders
4/5
Refinance
128 loans · 0.01% below market
Strong
Top 40% of lenders
4/5
By Location· Geographic coverage
Geographic Reach
Regional · 8 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 | 931 | 79.4% | +0.063%Above | $1,989Fees | ||||
FHA Loans | 89 | 7.6% | +0.310%Above | $1,038Fees | ||||
VA Loans | — | — | 16 | 1.4% | -0.272%Below | $1,154Fees | ||
Jumbo Loans | 136 | 11.6% | -0.179%Below | $1,197Fees |
Conventional
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume931
Mix79.4%
Spread
+0.063%Above
Fees
$1,989Fees
FHA Loans
OverallStrong
ProductStrong
PricingStrong
Pull ThroughStrong
Volume89
Mix7.6%
Spread
+0.310%Above
Fees
$1,038Fees
VA Loans
OverallSound
ProductSound
Pricing—
Pull Through—
Volume16
Mix1.4%
Spread
-0.272%Below
Fees
$1,154Fees
Jumbo Loans
OverallStrong
ProductExceptional
PricingSound
Pull ThroughStrong
Volume136
Mix11.6%
Spread
-0.179%Below
Fees
$1,197Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 1,044 | 89.1% | +0.059%Above | $1,805Fees | ||||
Refinance | 128 | 10.9% | -0.008%Below | $1,948Fees |
Purchase
OverallStrong
ProductStrong
PricingSound
Pull ThroughStrong
Volume1,044
Mix89.1%
Spread
+0.059%Above
Fees
$1,805Fees
Refinance
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume128
Mix10.9%
Spread
-0.008%Below
Fees
$1,948Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,172
Applications
1,490
Volume
$640 million
Pricing & Closing
Avg Rate Spread
+0.052%
vs. market APOR
Avg Net Fees
$1,820
Origination − Credits
Pullthrough Rate
78.7%
Applications → Closed
Typical Borrower
Avg Loan Amount
$546,442
Avg Borrower Income
$204,175
Avg Property Value
$748,217
Geographic Coverage
Geographic Performance
Metro Areas
7
markets with activity
States Served
5
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
5Full-year 2024 · HMDALoans originated
< 1010–100100+None
Northeast4
MEMANHRI
South1
FL
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.