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| |
Summary
Rankings of Web Sites,
January 12, 2005
|
Rank |
URL |
Score |
Rank |
URL |
Score |
|
1 |
Amerisave.com |
47 |
|
|
2 |
Eloan.com |
46 |
11 |
Countrywide.com** |
0** |
|
3 |
Mortgage.com (ABN AMRO) |
42 |
12 |
Citimortgage.com |
24 |
|
4 |
Indymac.com |
37 |
13 |
Ditech.com |
20 |
|
5 |
Greenpointmortgage.com |
32 |
14 |
Wells Fargo.com\mortgage |
20 |
|
6 |
Chasehomefinance,com |
30 |
15 |
Wachovia.com |
19 |
|
7 |
Mortgage.etrade.com |
29 |
16 |
Gmacmortgage.com |
15 |
|
8 |
Charteronedirect.com |
29 |
17 |
Homeloancenter.com |
14 |
|
9 |
Wamuhomeloans.com |
26 |
18 |
Infoloan.com |
12 |
|
10 |
Bankofamerica.com |
25 |
19 |
Home.ingdirect.com/open/open.html |
12 |
**Sometime in 2006,
Countrywide eliminated all pricing from its web site.
COMPONENTS OF SCORE
|
LENDER |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
|
Purpose/Occupancy |
|
|
|
|
|
|
|
|
|
|
Cash-out Refi (1) |
X |
X |
X |
X |
X |
X |
X |
. |
X |
|
Second Home (1) |
X |
X |
X |
X |
X |
X |
X |
X |
X |
|
Investment (1) |
X |
X |
X |
X |
X |
X |
X |
X |
X |
|
Property |
|
|
|
|
|
|
|
|
|
|
2-Unit (1) |
X |
X |
X |
X |
X |
X |
X |
X |
X |
|
3-Unit (1) |
X |
X |
X |
X |
X |
X |
X |
X |
X |
|
4-Unit (1) |
X |
X |
X |
X |
X |
X |
X |
X |
X |
|
Condo (1) |
X |
X |
X |
X |
X |
X |
X |
X |
X |
|
PUD (1) |
. |
X |
. |
X |
X |
. |
. |
X |
. |
|
Co-op (1) |
. |
o |
. |
X |
X |
. |
X |
. |
X |
|
Townhouse (1) |
. |
X |
. |
. |
X |
. |
. |
. |
X |
|
Units under construction (1) |
. |
o |
. |
. |
. |
. |
. |
. |
. |
|
Manufactured (1) |
. |
X |
. |
X |
. |
. |
X |
. |
. |
|
Type of Mortgage |
|
|
|
|
|
|
|
|
|
|
10-year FRM (1) |
. |
X |
X |
. |
. |
. |
X |
. |
X |
|
20-year FRM (1) |
. |
X |
. |
X |
X |
X |
X |
. |
X |
|
1-month ARM (1) |
. |
. |
. |
. |
. |
. |
. |
. |
. |
|
3-month ARM (1) |
. |
. |
. |
. |
. |
. |
. |
X |
. |
|
6-month ARM (1) |
. |
X |
X |
. |
X |
. |
X |
. |
X |
|
1-year ARM (1) |
X |
X |
. |
X |
X |
. |
. |
X |
X |
|
3-year ARM (1) |
X |
X |
X |
X |
X |
X |
X |
X |
X |
|
5-year ARM (1) |
X |
X |
X |
X |
X |
X |
X |
X |
X |
|
7-year ARM (1) |
X |
X |
X |
X |
X |
X |
X |
. |
X |
|
10-year ARM (1) |
X |
X |
X |
. |
X |
X |
X |
. |
. |
|
Flex payment (option) ARMs (1) |
X |
. |
X |
. |
. |
. |
X |
X |
. |
|
5-year balloon (1) |
. |
X |
. |
. |
. |
. |
. |
. |
. |
|
7-year balloon (1) |
. |
X |
. |
. |
. |
. |
. |
. |
. |
|
FHA (1) |
. |
. |
. |
. |
. |
. |
. |
. |
. |
|
VA (1) |
. |
. |
. |
. |
. |
. |
. |
. |
. |
|
IO Option on ARMs (1) |
X |
X |
. |
X |
X |
X |
X |
X |
X |
|
IO Option on FRMs (1) |
X |
. |
. |
. |
X |
. |
X |
. |
. |
|
Lock Period Assumption |
|
|
|
|
|
|
|
|
|
|
User selects (2) |
X |
X |
. |
X |
X |
X |
. |
. |
. |
|
Site selects, assumption clear? (1) |
. |
. |
X |
. |
. |
. |
X |
X |
X |
|
Lock Procedure Explained (1) |
X |
X |
. |
X |
. |
X |
. |
. |
. |
|
Escrow Assumption |
|
|
|
|
|
|
|
|
|
|
User selects (2) |
X |
X |
X |
. |
. |
. |
. |
. |
. |
|
Site selects, assumption clear? (1) |
. |
. |
. |
. |
. |
. |
X |
. |
. |
|
Sub Financing Assumption |
|
|
|
|
|
|
|
|
|
|
User selects (2) |
X |
. |
. |
X |
. |
. |
. |
. |
. |
|
Site selects, assumption clear? (1) |
. |
. |
X |
. |
. |
. |
. |
. |
X |
|
Prepayment Penalty
Assumption |
|
|
|
|
|
|
|
|
|
|
User selects (2) |
X |
. |
. |
. |
. |
. |
. |
X |
. |
|
Site selects, assumption clear? (1) |
. |
X |
X |
. |
. |
. |
. |
. |
X |
|
Down Payment Assumption |
|
|
|
|
|
|
|
|
|
|
User selects (2) |
X |
X |
X |
X |
X |
X |
X |
. |
. |
|
Maximum clearly noted? (1) |
. |
. |
. |
. |
. |
. |
. |
X |
X |
|
<5% option priced? (1) |
X |
X |
X |
. |
. |
X |
. |
X |
. |
|
Documentation Assumption |
|
|
|
|
|
|
|
|
|
|
Assumption clearly noted? (1) |
X |
. |
X |
X |
. |
X |
. |
X |
. |
|
Stated income option (1) |
X |
. |
X |
X |
. |
X |
. |
. |
. |
|
Low documentation option (1) |
. |
. |
. |
. |
. |
. |
. |
X |
. |
|
No Documentation option (1) |
. |
. |
. |
. |
. |
. |
. |
. |
. |
|
No ratio option (1) |
. |
. |
. |
. |
. |
. |
. |
. |
. |
|
IR/Point Combinations |
|
|
|
|
|
|
|
|
|
|
Points = > 3 (1) |
X |
X |
X |
X |
X |
X |
X |
X |
X |
|
Rebates = > 1 (1) |
X |
X |
X |
X |
. |
X |
X |
. |
X |
|
No-cost (1) |
. |
. |
. |
. |
. |
. |
. |
. |
. |
|
Information on ARMs |
|
|
|
|
|
|
|
|
|
|
Index (1) |
X |
X |
X |
X |
X |
. |
X |
. |
. |
|
Current value of index (1) |
X |
. |
X |
. |
X |
. |
. |
. |
. |
|
Margin (1) |
X |
. |
X |
X |
X |
X |
. |
X |
. |
|
Rate adjustment cap (1) |
X |
X |
. |
X |
X |
. |
. |
X |
X |
|
Maximum rate (1) |
X |
X |
X |
X |
X |
X |
X |
X |
. |
|
Info on Negative Amort ARMs |
|
|
|
|
|
|
|
|
|
|
Payment cap (1) |
X |
. |
. |
. |
. |
. |
. |
X |
. |
|
Loan balance cap (1) |
X |
. |
X |
. |
. |
. |
. |
. |
. |
|
Recast requirement (1) |
. |
. |
X |
. |
. |
. |
. |
. |
. |
|
Settlement Costs |
|
|
|
|
|
|
|
|
|
|
Total shown (1) |
X |
X |
X |
X |
X |
X |
X |
X |
X |
|
Lender fees separated (1) |
X |
X |
X |
. |
. |
X |
X |
. |
. |
|
Lender fees guaranteed (1) |
X |
X |
X |
. |
. |
X |
. |
. |
. |
|
Includes appraisal (1) |
. |
X |
. |
. |
. |
. |
. |
. |
. |
|
Includes credit report (1) |
. |
X |
. |
. |
. |
X |
. |
. |
. |
|
Includes all third party fees (2) |
. |
X |
. |
. |
. |
. |
. |
. |
. |
|
Credit Rating |
|
|
|
|
|
|
|
|
|
|
User selects (2) |
X |
. |
X |
. |
. |
. |
. |
. |
. |
|
Site selects, assumption clear (1) |
. |
. |
. |
. |
. |
. |
. |
. |
. |
|
Shows Niches Covered (3) |
X |
. |
. |
. |
. |
. |
. |
. |
. |
|
SCORE |
46 |
42 |
37 |
32 |
30 |
29 |
29 |
26 |
25 |
|
LENDER |
11 |
12 |
13 |
14 |
15 |
16 |
17 |
18 |
19 |
|
Purpose/Occupancy |
|
|
|
|
|
|
|
|
|
|
Cash-out Refi (1) |
|
X |
. |
X |
X |
. |
. |
X |
X |
|
Second Home (1) |
|
X |
X |
. |
X |
X |
. |
. |
. |
|
Investment (1) |
|
X |
X |
. |
X |
X |
. |
. |
. |
|
Property |
|
|
|
|
|
|
|
|
|
|
2-Unit (1) |
|
X |
X |
. |
X |
X |
. |
. |
. |
|
3-Unit (1) |
|
X |
X |
. |
X |
X |
. |
. |
. |
|
4-Unit (1) |
|
X |
X |
. |
X |
X |
. |
. |
. |
|
Condo (1) |
|
X |
. |
X |
X |
. |
. |
. |
X |
|
PUD (1) |
|
X |
. |
. |
X |
. |
. |
. |
. |
|
Co-op (1) |
|
X |
. |
. |
. |
. |
. |
. |
. |
|
Townhouse (1) |
|
. |
. |
X |
X |
. |
. |
. |
X |
|
Units under construction (1) |
|
. |
. |
. |
. |
. |
. |
. |
. |
|
Manufactured (1) |
|
. |
. |
. |
. |
. |
. |
. |
. |
|
Type of Mortgage |
|
|
|
|
|
|
|
|
|
|
10-year FRM (1) |
|
. |
. |
. |
X |
. |
. |
. |
. |
|
20-year FRM (1) |
|
. |
. |
X |
X |
. |
. |
. |
. |
|
1-month ARM (1) |
|
. |
. |
. |
. |
. |
. |
. |
. |
|
3-month ARM (1) |
|
. |
. |
. |
. |
. |
. |
. |
. |
|
6-month ARM (1) |
|
. |
. |
. |
. |
. |
. |
. |
. |
|
1-year ARM (1) |
|
X |
. |
X |
. |
. |
. |
. |
. |
|
3-year ARM (1) |
|
X |
X |
X |
X |
. |
X |
X |
X |
|
5-year ARM (1) |
|
X |
X |
X |
X |
X |
X |
X |
X |
|
7-year ARM (1) |
|
X |
X |
X |
. |
. |
X |
. |
X |
|
10-year ARM (1) |
|
. |
. |
X |
. |
. |
. |
. |
. |
|
Flexible payment ARMs (1) |
|
. |
. |
. |
. |
. |
X |
. |
. |
|
5-year balloon (1) |
|
. |
. |
. |
. |
. |
. |
. |
. |
|
7-year balloon (1) |
|
. |
. |
. |
. |
. |
. |
. |
. |
|
FHA (1) |
|
. |
. |
. |
. |
. |
. |
. |
. |
|
VA (1) |
|
. |
. |
. |
. |
. |
. |
. |
. |
|
IO Option on ARMs (1) |
|
. |
. |
. |
. |
. |
. |
. |
. |
|
IO Option on FRMs (1) |
|
. |
X |
. |
. |
. |
. |
. |
. |
|
Lock Period Assum | |