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Summit Mortgage Bankers

Independent Mortgage Company•New York, NYHQ•Direct•Reviews near you on Google

We analyzed every closed loan from Summit Mortgage Bankers — 479 loans across 538 applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Sound
3/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Sound
3/5
Conventional · Jumbo
Place
Sound
3/5
Regional · 9 mkts
Promptness
Not enough data
—/5
No quote responses measured yet

Safe Rate Summary

What They Do Well

  • Strong pull through performance

Explore another lender or local market

Report Card

Summit Mortgage Bankers performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
+10.9 bps above market avg
3/5
Pull Through
Closing strength
Strong
Top 40% of lenders
4/5
By Loan Product· Specialization by type
Conventional
467 loans · 0.11% above market
Sound
Top 60% of lenders
3/5
Jumbo
12 loans · 0.15% above market
Sound
Top 60% of lenders
3/5
By Loan Purpose· Transaction purpose mix
Purchase
408 loans · 0.12% above market
Sound
Top 60% of lenders
3/5
Refinance
71 loans · 0.04% above market
Sound
Top 60% of lenders
3/5
By Location· Geographic coverage
Geographic Reach
Regional · 9 markets
Sound
Top 60% of lenders
3/5

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Sound
Product
Sound
Pricing
Sound
Pull Through
Strong
Volume467
Mix97.5%
Spread
+0.108%Above
Fees
$2,995Fees
Jumbo Loans
Overall
Sound
Product
Sound
Pricing—
Pull Through—
Volume12
Mix2.5%
Spread
+0.150%Above
Fees
$1,601Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Sound
Product
Sound
Pricing
Sound
Pull Through
Strong
Volume408
Mix85.2%
Spread
+0.121%Above
Fees
$3,165Fees
Refinance
Overall
Sound
Product
Sound
Pricing
Sound
Pull Through
Strong
Volume71
Mix14.8%
Spread
+0.040%Above
Fees
$1,737Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
479
Applications
538
Volume
$262 million
Pricing & Closing
Avg Rate Spread
+0.109%
vs. market APOR
Avg Net Fees
$2,956
Origination − Credits
Pullthrough Rate
89.0%
Applications → Closed
Typical Borrower
Avg Loan Amount
$547,630
Avg Borrower Income
$222,146
Avg Property Value
$954,374

Geographic Coverage

Geographic Performance

Metro Areas
9
markets with activity
States Served
5
of 50 states + DC
Avg Place Specialization
Sound
3/5

States with Loan Originations

5Full-year 2024 · HMDA
5 states with loan originations
Loans originated
< 100100+None
Northeast3
NJNYPA
South1
TX
West1
CA

Top Metro Areas by Place Specialization Score

1© Dllu · CC BY-SA 4.0
New York, NY-NJMetro
Volume 248Mix 51.77% of portfolio
80/100
Strong
2© Dicklyon · CC BY-SA 4.0
Nassau County, NYMetro
Volume 63Mix 13.15% of portfolio
64/100
Strong
3© Eric Polk · CC BY-SA 4.0
Los Angeles, CAMetro
Volume 36Mix 7.52% of portfolio
55/100
Sound
4© Mr. Matté · CC BY-SA 4.0
Lakewood, NJMetro
Volume 28Mix 5.85% of portfolio
55/100
Sound
5© André Regius · CC BY-SA 3.0
Anaheim, CAMetro
Volume 15Mix 3.13% of portfolio
47/100
Sound
6© Gamezilla2019 · CC BY 4.0
Newark, NJMetro
Volume 15Mix 3.13% of portfolio
47/100
Sound
7© Johnwayne Stroud · CC BY-SA 3.0
Riverside, CAMetro
Volume 18Mix 3.76% of portfolio
47/100
Sound
8© Ben Loomis · CC BY 2.0
San Jose, CAMetro
Volume 13Mix 2.71% of portfolio
46/100
Sound
9© Basil D Soufi · CC BY-SA 3.0
Oakland, CAMetro
Volume 12Mix 2.51% of portfolio
44/100
Sound

Top States by Place Specialization Score

New York
New York
1
New YorkState
Volume 291Mix 60.75% of portfolio
77/100
Strong
New Jersey
New Jersey
2
New JerseyState
Volume 82Mix 17.12% of portfolio
65/100
Strong
California
California
3
CaliforniaState
Volume 103Mix 21.50% of portfolio
59/100
Sound

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
Champion(80%+ = 40-50 points)
Superstar
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.