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Sierra Pacific Mortgage Company, Inc.
Independent Mortgage Company•Folsom, CA•Direct & Wholesale
We analyzed every closed loan from Sierra Pacific Mortgage Company — 7.1k loans across 10k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Acceptable
vs. all lenders
Pull Through
Strong
closing strength
Products
Exceptional
FHA · Conventional · VA · Jumbo · USDA
Place
Strong
National · 49 mkts
Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐VA Superstar⭐USDA 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
- Nationwide availability with consistent service
Things to Think About
- Pricing may be below industry average
Explore another lender or local market
Report Card
Sierra Pacific Mortgage Company, Inc. performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Near industry average +26.3 bps above market avg | |
Pull Through Closing strength | Highly Competitive Top 40% 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 | Highly Competitive Top 40% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Highly Competitive Top 40% of lenders National50 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 4,808 | 67.3% | +0.255%Above | $3,373Fees | ||||
FHA Loans | 1,737 | 24.3% | +0.430%Above | $4,338Fees | ||||
VA Loans | 457 | 6.4% | -0.298%Below | $2,814Fees | ||||
Jumbo Loans | — | 26 | 0.4% | +0.374%Above | $3,431Fees | |||
USDA Loans | 117 | 1.6% | +0.245%Above | $3,033Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 6,238 | 87.3% | +0.274%Above | $3,655Fees | ||||
Refinance | 907 | 12.7% | +0.181%Above | $2,990Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
7,145
Applications
9,846
Volume
$2 billion
Pricing & Closing
Avg Rate Spread
+0.263%
vs. market APOR
Avg Net Fees
$3,577
Origination − Credits
Pullthrough Rate
72.6%
Applications → Closed
Typical Borrower
Avg Loan Amount
$365,872
Avg Borrower Income
$141,649
Avg Property Value
$482,254
Geographic Coverage
Geographic Performance
Metro Areas
49
States Served
49
We count Washington DC as a state
Avg Place Specialization
States with Loan Originations
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Wichita, KS, KSMSA
Volume: 386Mix: 5.40%of portfolio
Place
Exceptional2
Bakersfield, CAMSA
Volume: 285Mix: 3.99%of portfolio
Place
Exceptional3
Fresno, CA, CAMSA
Volume: 290Mix: 4.06%of portfolio
Place
Exceptional4
Sacramento, CAMSA
Volume: 309Mix: 4.32%of portfolio
Place
Strong5
Los Angeles, CAMSA
Volume: 256Mix: 3.58%of portfolio
Place
Strong6
Hagerstown, MD-WVMSA
Volume: 81Mix: 1.13%of portfolio
Place
Strong7
Logan, UT, UT-IDMSA
Volume: 49Mix: 0.69%of portfolio
Place
Strong8
Baltimore, MDMSA
Volume: 168Mix: 2.35%of portfolio
Place
Strong9
Riverside, CAMSA
Volume: 219Mix: 3.07%of portfolio
Place
Strong10
Portland, OR-WAMSA
Volume: 173Mix: 2.42%of portfolio
Place
StrongShowing 10 of 49 metro areas
Top States by Place Specialization Score
1
KSState
Volume: 464Mix: 6.49%of portfolio
Place
Exceptional2
CAState
Volume: 2,398Mix: 33.56%of portfolio
Place
Exceptional3
ORState
Volume: 367Mix: 5.14%of portfolio
Place
Strong4
TXState
Volume: 545Mix: 7.63%of portfolio
Place
Strong5
MDState
Volume: 262Mix: 3.67%of portfolio
Place
Strong6
WVState
Volume: 101Mix: 1.41%of portfolio
Place
Strong7
UTState
Volume: 191Mix: 2.67%of portfolio
Place
Strong8
FLState
Volume: 442Mix: 6.19%of portfolio
Place
Strong9
TNState
Volume: 212Mix: 2.97%of portfolio
Place
Strong10
WAState
Volume: 173Mix: 2.42%of portfolio
Place
StrongShowing 10 of 40 states
How 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.