Better Mortgage Corporation
We analyzed every closed loan from Better Mortgage Corporation — 4.2k loans across 12k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Exceptional
5/5
vs. all lenders
Pull-through
Acceptable
2/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · Jumbo
Place
Sound
3/5
National · 49 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Awards
FHA
Superstar
Jumbo
Superstar
Summary
What They Do Well
- Competitive pricing compared to the market
- Lower than average lender fees
- Particularly strong in Conventional and FHA and Jumbo loans
- Nationwide availability with consistent service
Things to Think About
- Pull through efficiency is below industry average
Explore another lender or local market
Report Card
Better Mortgage Corporation performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Exceptional
+0.2 bps above market avg
5/5
Pull Through
Closing strength
Acceptable
Bottom 40% of lenders
2/5
By Loan Product· Specialization by type
Conventional
3,694 loans · 0.01% below market
Strong
Top 40% of lenders
4/5
FHA
392 loans · 0.11% above market
Strong
Top 40% of lenders
4/5
VA
44 loans · 0.66% below market
Sound
Top 60% of lenders
3/5
Jumbo
97 loans · 0.20% above market
Strong
Top 40% of lenders
4/5
By Loan Purpose· Transaction purpose mix
Purchase
3,582 loans · 0.01% below market
Strong
Top 40% of lenders
4/5
Refinance
645 loans · 0.05% above market
Strong
Top 40% of lenders
4/5
By Location· Geographic coverage
Geographic Reach
National · 50 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 | 3,694 | 87.4% | -0.009%Below | $608Fees | ||||
FHA Loans | 392 | 9.3% | +0.110%Above | $545Fees | ||||
VA Loans | 44 | 1.0% | -0.661%Below | $403Credit | ||||
Jumbo Loans | 97 | 2.3% | +0.196%Above | $498Fees |
Conventional
OverallSound
ProductStrong
PricingExceptional
Pull ThroughMediocre
Volume3,694
Mix87.4%
Spread
-0.009%Below
Fees
$608Fees
FHA Loans
OverallStrong
ProductStrong
PricingExceptional
Pull ThroughAcceptable
Volume392
Mix9.3%
Spread
+0.110%Above
Fees
$545Fees
VA Loans
OverallSound
ProductSound
PricingExceptional
Pull ThroughMediocre
Volume44
Mix1.0%
Spread
-0.661%Below
Fees
$403Credit
Jumbo Loans
OverallSound
ProductStrong
PricingStrong
Pull ThroughAcceptable
Volume97
Mix2.3%
Spread
+0.196%Above
Fees
$498Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 3,582 | 84.7% | -0.006%Below | $719Fees | ||||
Refinance | 645 | 15.3% | +0.046%Above | $141Credit |
Purchase
OverallSound
ProductStrong
PricingExceptional
Pull ThroughAcceptable
Volume3,582
Mix84.7%
Spread
-0.006%Below
Fees
$719Fees
Refinance
OverallSound
ProductStrong
PricingExceptional
Pull ThroughAcceptable
Volume645
Mix15.3%
Spread
+0.046%Above
Fees
$141Credit
At a Glance
Lender Overview
Lending Activity
Loans Originated
4,227
Applications
12,373
Volume
$1 billion
Pricing & Closing
Avg Rate Spread
+0.002%
vs. market APOR
Avg Net Fees
$592
Origination − Credits
Pullthrough Rate
34.2%
Applications → Closed
Typical Borrower
Avg Loan Amount
$444,446
Avg Borrower Income
$184,396
Avg Property Value
$594,054
Geographic Coverage
Geographic Performance
Metro Areas
49
markets with activity
States Served
51
Includes Washington, DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
51Full-year 2024 · HMDANationwide · all 50 states and DCLoans originated
< 2020–5050–100100+None
Northeast9
CTMEMANHNJNYPARIVT
Midwest12
IAILINKSMIMNMONDNEOHSDWI
South17
ALARDCDEFLGAKYLAMDMSNCOKSCTNTXVAWV
West13
AKAZCACOHIIDMTNMNVORUTWAWY
Top Metro Areas by Place Specialization Score
Showing 10 of 49 metro areas
Top States by Place Specialization Score
Showing 10 of 46 states
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.